Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
EMGECO from Maldegem, company number BE0699533415, closed financial year 2025 with a result of € 216,890 after tax. For that financial year EMGECO recorded a gross margin of € 451,891 and equity of € 667,629. Compared with financial year 2024, the result moved from € 237,939 to € 216,890. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 3, 2026.
€ 667,629
▲ 48% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 216,890
▼ 9% vs 2024
Profit after tax over the fiscal year.
€ 52,865
▼ 70% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 655,229.
Debts at end 2025
€ 3.3 million
▼ 7% vs 2024
€ 176,462 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 824
▼ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 33,519
▼ 5% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 33,498 | € 122,731 | € 505,260 | € 451,891 | ▼ 11% |
| Profit after taxes | € 24,296 | € 59,862 | € 237,939 | € 216,890 | ▼ 9% |
| Equity | € 152,939 | € 212,801 | € 450,740 | € 667,629 | ▲ 48% |
| Total debts | € 19,378 | € 3,839,136 | € 3,624,568 | € 3,390,625 | ▼ 6% |
| Cash | € 113,430 | € 172,066 | € 175,450 | € 52,865 | ▼ 70% |
| Retained profit | € 140,539 | € 200,401 | € 438,340 | € 655,229 | ▲ 49% |
| Bank debt | € 0 | € 3,786,910 | € 3,521,673 | € 3,258,221 | ▼ 7% |
| Balance sheet total | € 172,317 | € 4,051,937 | € 4,075,308 | € 4,058,254 |
Key figures of EMGECO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to EMGECO?
What happened at EMGECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 216,890 (▼ 9% vs 2024). Source: NBB ↗
- New establishment in Maldegem. KBO
- Start of the company according to the CBE. KBO
- Miguel Gheysens became a director. NBB
In short
From € 24,296 profit in 2022 to € 216,890 profit in 2025.
Paid € 218,739 in corporate taxes since 2022.
Best year ever: 2024, with € 237,939 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind EMGECO is Miguel Gheysens. It owns 38% of Gheysens itself.
Directors
According to the 2025 annual accounts
since 2018
Establishments
Establishment units
Physical locations of this company
Ziltedreef 3
9990 Maldegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0699.533.415
- VAT number
- BE 0699.533.415
- Registered office
- Ziltedreef 3, 9990 Maldegem
- Names & denominations
- EMGECO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 July 2018
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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