Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
EM SOLAR from Halle, company number BE0734976225, closed financial year 2025 with a result of € -357,916 after tax. For that financial year EM SOLAR recorded a gross margin of € 143,360 and equity of € -199,629. Compared with financial year 2024, the result moved from € -97,252 to € -357,916. 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 April 30, 2026.
€ -199,629
▼ € 370,072 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -357,916
▼ 268 % more loss than in 2024
Profit after tax over the fiscal year.
€ 63,058
▼ 69% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -299,629.
People and assets in 2025
7.1
Average over the fiscal year, from the social balance sheet.
€ 454,339
▼ 36% vs 2024
€ 64,000 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.
€ 33,768
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 319,126
▲ 25% vs 2024
€ 313,949 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 110,583
▲ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 32,476
▼ 67% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 419,394 | € 783,097 | € 664,764 | € 143,360 | ▼ 78% |
| Profit after taxes | € 37,882 | € 91,774 | € -97,252 | € -357,916 | ▼ € 260,664 |
| Equity | € 201,921 | € 267,695 | € 170,443 | € -199,629 | ▼ € 370,072 |
| Total debts | € 1,019,140 | € 982,364 | € 484,616 | € 590,227 | ▲ 22% |
| Cash | € 205,207 | € 269,106 | € 205,099 | € 63,058 | ▼ 69% |
| Retained profit | € 101,921 | € 167,695 | € 70,443 | € -299,629 | ▼ € 370,072 |
| Dividend | € 0 | € 26,000 | € 0 | € 0 | |
| Bank debt | € 260,250 | € 291,011 | € 254,384 | € 319,126 | ▲ 25% |
| Balance sheet total | € 1,221,061 | € 1,250,059 | € 655,059 | € 390,598 | ▼ 40% |
| Employees (FTE) | 5.5 | 9.1 | - | 7.1 |
Key figures of EM SOLAR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to EM SOLAR?
What happened at EM SOLAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 357,916. Source: NBB ↗
- VMDA BV became a director. NBB
- New establishment in Halle. KBO
- Red Square Security Consulting BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 37,882 profit in 2022 to € 357,916 loss in 2025.
Paid € 41,261 in corporate taxes since 2022.
Best year ever: 2023, with € 91,774 profit.
On average € 20,200 of value added per employee in 2025.
A new publication or filing at EM SOLAR? We notify you, reason included.
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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 EM SOLAR are VMDA BV and Red Square Security Consulting BV. The shares are held by Erik Mosselmans and Marjo Vanderoost.
Directors
According to the 2025 annual accounts
Director · represented by Marjo Vanderoost
since 2023
Red Square Security Consulting BV
Director · represented by Erik Peter Mosselmans
since 2019
Shareholders
Erik Mosselmans
Marjo Vanderoost
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kasteelbrakelsesteenweg 243
1502 Halle
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0734.976.225
- VAT number
- BE 0734.976.225
- Registered office
- Kasteelbrakelsesteenweg 243, 1502 Halle
- Names & denominations
- EM SOLAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 September 2019
- Peppol
- Active · Active since 24 Sept 2025
- Contact
- em-t.be
- Activities · NACE
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