Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2024; threshold 65 %.
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Late annual account NBB
Fiscal year 2024 was filed 295 days after the legal deadline.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
EMCA Distribution from Ottignies-Louvain-la-Neuve, company number BE0664578375, closed financial year 2024 with a result of € -1.1 million after tax. For that financial year EMCA Distribution recorded a gross margin of € -347,905 and equity of € -2.1 million. Compared with financial year 2023, the result moved from € -269,012 to € -1.1 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 22, 2026.
€ -2.1 million
▼ € 1.1 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.1 million
▼ 291 % more loss than in 2023
Profit after tax over the fiscal year.
€ 65,852
▼ 9% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.2 million.
People and assets in 2024
5.4
▼ 4.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 288,787
▼ 3% vs 2023
€ 53,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2024
€ 378,563
▼ 27% vs 2023
€ 139,046 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 655,120
▼ 54% vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 627,350 | € 398,746 | € 220,042 | € -347,905 | ▼ € 567,947 |
| Profit after taxes | € -125,586 | € -83,342 | € -269,012 | € -1,051,523 | ▼ € 782,511 |
| Equity | € -692,480 | € -775,822 | € -1,044,834 | € -2,096,357 | ▼ € 1.1 million |
| Total debts | € 1,761,974 | € 1,699,609 | € 2,011,653 | € 2,310,848 | ▲ 15% |
| Cash | € 84,973 | € 43,406 | € 72,661 | € 65,852 | ▼ 9% |
| Retained profit | € -842,480 | € -925,822 | € -1,194,834 | € -2,246,357 | ▼ € 1.1 million |
| Bank debt | € 786,873 | € 652,219 | € 516,116 | € 378,563 | ▼ 27% |
| Balance sheet total | € 1,069,494 | € 923,788 | € 966,820 | € 214,492 | ▼ 78% |
| Employees (FTE) | 10.1 | 9.2 | 9.6 | 5.4 | ▼ 4.2 |
Key figures of EMCA Distribution, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to EMCA Distribution?
What happened at EMCA Distribution in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MARTIN STAELENS stepped down as director. NBB
- CEDRIC DEGAVRE stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 1.1 million. filed late Source: NBB ↗
- MARTIN STAELENS became a director. NBB
- CEDRIC DEGAVRE became a director. NBB
- New establishment in Ottignies-Louvain-la-Neuve. KBO
- Start of the company according to the CBE. KBO
In short
From € 125,586 loss in 2021 to € 1.1 million loss in 2024.
On average € 22,900 of value added per employee in 2023.
Management
Directors
According to the 2024 annual accounts
MARTIN STAELENS
Director
Also active at: ITM ALIMENTAIRE BELGIUM, ALIWAR, INTERMADIS, JEREMIL, AJD & Co, HANIMMO, WATEA, TIENIM +9 more
since 2023 · until 2029
CEDRIC DEGAVRE
Director
Also active at: I.T.M. BELGIUM, MEFOU, KIDOKO, ALIWAR, STASSEM, HANOUX, ROSMO DISTRI, AJD & Co +9 more
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Rue du Bosquet 4
1348 Ottignies-Louvain-la-Neuve
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →I.T.M. BELGIUM same network
€ 10.4 million revenue · 2025
ITM Management
€ 1.5 million gross margin · 2025
IMMO AVAL BELGIUM
€ 4.8 million revenue · 2025
ITM ALIMENTAIRE BELGIUM same network
€ 1.4 billion revenue · 2025
UNION DES MOUSQUETAIRES
+12 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0664.578.375
- VAT number
- BE 0664.578.375
- Registered office
- Rue du Bosquet 4, 1348 Ottignies-Louvain-la-Neuve
- Names & denominations
- EMCA Distribution
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 October 2016
- Peppol
- Active · Active since 9 Dec 2025
- Activities · NACE
Overige niet-gespecialiseerde detailhandel
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen niet overheersen (verkoopoppervlakte. = 2500 m²)