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 12 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
EMACO from Lierde, company number BE0863857848, closed financial year 2025 with a result of € 32,409 after tax. For that financial year EMACO recorded a gross margin of € 86,305 and equity of € 374,318. Compared with financial year 2024, the result moved from € 70,889 to € 32,409. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 27, 2026.
€ 374,318
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 32,409
▼ 54% vs 2024
Profit after tax over the fiscal year.
€ 41,401
▲ 193% 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 € 174,318.
Debts at end 2025
€ 112,241
▼ 19% vs 2024
€ 26,326 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 2,781
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,593
▲ 73% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 35,539 | € 26,883 | € 122,273 | € 86,305 | ▼ 29% |
| Profit after taxes | € -3,750 | € -7,522 | € 70,889 | € 32,409 | ▼ 54% |
| Equity | € 278,543 | € 271,020 | € 341,909 | € 374,318 | ▲ 9% |
| Total debts | € 438,069 | € 472,300 | € 463,818 | € 444,207 | ▼ 4% |
| Cash | € 17,969 | € 9,922 | € 14,121 | € 41,401 | ▲ 193% |
| Land & buildings | € 693,551 | € 727,909 | € 785,879 | € 765,835 | ▼ 3% |
| Retained profit | € 78,543 | € 71,020 | € 141,909 | € 174,318 | ▲ 23% |
| Bank debt | € 146,170 | € 163,454 | € 138,084 | € 112,241 | ▼ 19% |
| Balance sheet total | € 716,612 | € 743,321 | € 805,727 | € 818,525 | ▲ 2% |
Key figures of EMACO, 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 EMACO?
What happened at EMACO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- GEERT DE CNIJF stepped down as director. NBB
- ETIENNE DE CNIJF stepped down as director. NBB
- CAROLINE DE CNIJF stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 32,409 (▼ 54% vs 2024). Source: NBB ↗
- GEERT DE CNIJF became a director. NBB
- ETIENNE DE CNIJF became a director. NBB
- CAROLINE DE CNIJF became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 3,750 loss in 2022 to € 32,409 profit in 2025.
Paid € 4,995 in corporate taxes since 2022.
Best year ever: 2024, with € 70,889 profit.
Management
Directors
According to the 2025 annual accounts
since 2022 · until 2028
since 2022 · until 2028
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Steenweg 113
9570 Lierde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0863.857.848
- VAT number
- BE 0863.857.848
- Registered office
- Steenweg 113, 9570 Lierde
- Names & denominations
- EMACO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 March 2004
- Peppol
- Not registered