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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Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
E.M. BELLAIRE from Stavelot, company number BE0753517081, closed financial year 2025 with a result of € 98,386 after tax. For that financial year E.M. BELLAIRE recorded a gross margin of € 242,174 and equity of € 30,000. Compared with financial year 2024, the result moved from € 99,360 to € 98,386. The company is profitable. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 30,000
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 98,386
▼ 1% vs 2024
Profit after tax over the fiscal year.
€ 38,271
▼ 46% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 98,386 paid out
100 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 13,174
▼ 57% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 668,908
▼ 12% vs 2024
€ 92,085 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 11,796
▲ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 32,344
▼ 20% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 173,257 | € 148,069 | € 251,205 | € 242,174 | ▼ 4% |
| Profit after taxes | € 9,359 | € 18,990 | € 99,360 | € 98,386 | ▼ 1% |
| Equity | € 42,389 | € 61,379 | € 30,000 | € 30,000 | |
| Total debts | € 975,733 | € 898,966 | € 946,162 | € 819,043 | ▼ 13% |
| Cash | € 872 | € 38,070 | € 70,542 | € 38,271 | ▼ 46% |
| Land & buildings | € 715,210 | € 696,612 | € 673,128 | € 651,404 | ▼ 3% |
| Retained profit | € 12,389 | € 31,379 | € 0 | € 0 | |
| Dividend | € 0 | € 0 | € 130,739 | € 98,386 | ▼ 25% |
| Bank debt | € 951,212 | € 856,924 | € 761,744 | € 668,908 | ▼ 12% |
| Balance sheet total | € 1,018,122 | € 960,345 | € 976,162 | € 849,043 | ▼ 13% |
Key figures of E.M. BELLAIRE, 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 E.M. BELLAIRE?
What happened at E.M. BELLAIRE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 98,386 (▼ 1% vs 2024). Source: NBB ↗
- New establishment in Stavelot. KBO
- Nathalie ALBRECHT became a director. NBB
- Samuel SKA became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 9,359 profit in 2022 to € 98,386 profit in 2025.
Paid € 68,905 in corporate taxes since 2022.
Best year ever: 2024, with € 99,360 profit.
Paid out € 229,125 in dividends to the owners in total.
Management
Behind E.M. BELLAIRE are Nathalie ALBRECHT and Samuel SKA. Samuel SKA is also behind La Générale Luxembourgeoise du Crédit.
Directors
According to the 2025 annual accounts
Nathalie ALBRECHT
Director
since 2020
since 2020
Establishments
Establishment units
Physical locations of this company
Chemin de Bellaire 7
4970 Stavelot
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0753.517.081
- VAT number
- BE 0753.517.081
- Registered office
- Chemin de Bellaire 7, 4970 Stavelot
- Names & denominations
- E.M. BELLAIRE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 September 2020
- Peppol
- Active · Active since 8 Dec 2025