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 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
E&M CONSTRUCT from Deinze, company number BE0844066482, closed financial year 2025 with a result of € -2.4 million after tax. For that financial year E&M CONSTRUCT recorded a gross margin of € -1.9 million and equity of € -3.8 million. Compared with financial year 2024, the result moved from € -471,198 to € -2.4 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 July 20, 2026.
€ -3.8 million
▼ € 2.4 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.4 million
▼ 414 % more loss than in 2024
Profit after tax over the fiscal year.
€ 36,595
▲ € 33,468 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.9 million.
Debts at end 2025
€ 4.8 million
▼ 47% vs 2024
Loans from banks and other lenders, long and short.
€ 2,927
▼ 98% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 26,182
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 | € -82,546 | € -32,397 | € 73,805 | € -1,908,078 | ▼ € 2 million |
| Profit after taxes | € -330,095 | € -404,854 | € -471,198 | € -2,419,763 | ▼ € 1.9 million |
| Equity | € -533,230 | € -938,084 | € -1,409,282 | € -3,829,045 | ▼ € 2.4 million |
| Total debts | € 11,469,462 | € 11,843,137 | € 12,452,121 | € 9,337,565 | ▼ 25% |
| Cash | € 152,354 | € 422 | € 3,127 | € 36,595 | ▲ € 33,468 |
| Land & buildings | - | - | € 722,738 | € 4,584,045 | ▲ € 3.9 million |
| Retained profit | € -613,830 | € -1,018,684 | € -1,489,882 | € -3,909,645 | ▼ € 2.4 million |
| Bank debt | € 9,001,470 | € 9,001,470 | € 9,001,470 | € 4,751,000 | ▼ 47% |
| Balance sheet total | € 10,936,232 | € 10,905,053 | € 11,042,839 | € 5,508,520 | ▼ 50% |
Key figures of E&M CONSTRUCT, 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 CONSTRUCT?
What happened at E&M CONSTRUCT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- WALDER DEVELOPMENT stepped down as director. NBB
- Kastellum stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.4 million. Source: NBB ↗
- Kastellum became a director. NBB
- WALDER DEVELOPMENT became a director. NBB
- New establishment in Meise. KBO
- Start of the company according to the CBE. KBO
In short
From € 330,095 loss in 2022 to € 2.4 million loss in 2025.
Paid € 1,908 in corporate taxes since 2022.
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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
The stake of WALDER DEVELOPMENT, ECV, IDEVE, METAL 107 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
E&M CONSTRUCTThe shares are held by WALDER DEVELOPMENT (100%), ECV (50%), IDEVE (20%) and METAL 107 (14%).
Directors
According to the 2025 annual accounts
Managing director · represented by Wilfried Martens
Also active at: CINE RIALTO, Clarenhof Constructie, Rialto Projects, Caro Technology, IDEVE, E&M PROJECTS, Stuivenberg Constructie
since 2022 · until 2032
Director · represented by Dimitri Martens
Also active at: WALDER DEVELOPMENT, SEHO INVEST, UMANIS, Senior Homes Holding & Management, IDEVE, E&M PROJECTS, Nobu Immo
since 2026 · until 2032
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vinktstraat 1 box A
9800 Deinze
Nieuwenrodestraat 58
1861 Meise
Active since 5 April 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →WALDER DEVELOPMENT same network
€ 141,287 gross margin · 2025
CINE RIALTO same network
€ -10,676 gross margin · 2025
Rialto Projects same network
€ 76,151 gross margin · 2025
SH GROEP same network
€ 381,313 gross margin · 2025
Caro Technology same network
€ 10,908 gross margin · 2025
+3 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
- 0844.066.482
- VAT number
- BE 0844.066.482
- Registered office
- Vinktstraat 1 bus A, 9800 Deinze
- Names & denominations
- E&M CONSTRUCT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 March 2012
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Verhuur en exploitatie van sociale woningen