L'Emulation
0402.275.529 · rovalta.com · 22/09/2026
ACTIVE
L'Emulation
Financial year 2025 · closed on 31/12/2025
Net result
-2,2 k €
-103.0% YoY
Gross margin
7,2 k €
-18.1% YoY
Equity
100,3 k €
-2.2% YoY
Overview
What does L'Emulation do?
L'Emulation is a Public limited company incorporated in 1929. Its registered office is in Verviers.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0402.275.529
Incorporation
10/07/1929
Legal form
Public limited company
Registered office
Place du Martyr 5
4800 Verviers · WallonieSee on map
4800 Verviers · WallonieSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | 7,2 k € | -18.1% | 8,8 k € | +22.3% | 7,2 k € | -47.8% | 13,7 k € | -62.9% | 37 k € | +345% | 8,3 k € | -33.0% | 12,4 k € | -3.8% | 12,9 k € | -3.7% | 13,4 k € | +10.9% | 12,1 k € | -7.1% | 13 k € | +10.4% | 11,8 k € | +2.8% | 11,5 k € | +32.0% | 8,7 k € | -17.9% | 10,6 k € | +12.3% | 9,4 k € | +1.4% | 9,3 k € | -6.9% | 10 k € | +2.2% | 9,8 k € | +8.8% | 9 k € |
| EBITDA | 2 k € | -43.3% | 3,5 k € | +21.8% | 2,9 k € | -70.1% | 9,7 k € | -64.2% | 27 k € | +687% | 3,4 k € | -57.1% | 8 k € | -7.1% | 8,6 k € | -4.6% | 9 k € | +17.5% | 7,7 k € | -15.2% | 9,1 k € | +13.3% | 8 k € | +10.1% | 7,3 k € | +38.5% | 5,2 k € | -27.4% | 7,2 k € | +18.3% | 6,1 k € | +1.7% | 6 k € | -12.1% | 6,8 k € | +4.4% | 6,5 k € | +9.5% | 6 k € |
| Operating result | -2,7 k € | -81.8% | -1,5 k € | -7.4% | -1,4 k € | -119% | 7,3 k € | -72.7% | 26,9 k € | +1362% | 1,8 k € | -67.9% | 5,7 k € | -6.7% | 6,1 k € | -6.3% | 6,5 k € | +16.7% | 5,6 k € | -21.0% | 7,1 k € | +30.0% | 5,5 k € | -7.6% | 5,9 k € | +51.8% | 3,9 k € | -22.9% | 5,1 k € | +28.4% | 3,9 k € | -4.4% | 4,1 k € | -19.8% | 5,1 k € | +6.0% | 4,9 k € | +13.2% | 4,3 k € |
| Net result | -2,2 k € | -103% | -1,1 k € | -211% | -350,3 € | -108% | 4,4 k € | -74.5% | 17,4 k € | +2196% | 758,6 € | -77.5% | 3,4 k € | -4.5% | 3,5 k € | -4.8% | 3,7 k € | +18.4% | 3,1 k € | -25.3% | 4,2 k € | +14.6% | 3,7 k € | -4.6% | 3,8 k € | +70.3% | 2,3 k € | -29.3% | 3,2 k € | +43.4% | 2,2 k € | -21.8% | 2,8 k € | -12.0% | 3,2 k € | -23.4% | 4,2 k € | +11.0% | 3,8 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 100,3 k € | -2.2% | 102,5 k € | -1.1% | 103,6 k € | -0.3% | 103,9 k € | +4.5% | 99,5 k € | +21.2% | 82,1 k € | +0.9% | 81,3 k € | +4.3% | 77,9 k € | +4.7% | 74,4 k € | +0.1% | 74,4 k € | +0.1% | 74,3 k € | +3.2% | 72 k € | +5.4% | 68,4 k € | +0.0% | 68,4 k € | +0.0% | 68,4 k € | +0.0% | 68,4 k € | +0.1% | 68,3 k € | -0.0% | 68,3 k € | +0.0% | 68,3 k € | +0.1% | 68,2 k € |
| Total assets | 110,9 k € | -2.9% | 114,2 k € | -1.3% | 115,7 k € | -1.0% | 117 k € | -5.5% | 123,7 k € | +39.0% | 89 k € | +2.1% | 87,2 k € | +3.8% | 84 k € | -0.2% | 84,2 k € | +1.2% | 83,2 k € | +0.8% | 82,5 k € | +5.1% | 78,5 k € | +2.1% | 76,9 k € | +2.0% | 75,4 k € | -1.3% | 76,4 k € | +1.4% | 75,3 k € | -0.3% | 75,5 k € | -1.9% | 77 k € | -0.6% | 77,4 k € | +1.5% | 76,3 k € |
| Cash | 17,1 k € | +8.5% | 15,8 k € | +4.5% | 15,1 k € | +253% | 4,3 k € | -75.7% | 17,6 k € | -8.9% | 19,3 k € | +20.1% | 16,1 k € | +54.4% | 10,4 k € | +24.0% | 8,4 k € | -7.4% | 9,1 k € | +14.4% | 7,9 k € | +381% | 1,6 k € | -83.0% | 9,7 k € | +57.5% | 6,1 k € | +6.8% | 5,8 k € | +126% | 2,5 k € | -34.9% | 3,9 k € | -29.6% | 5,5 k € | +28.1% | 4,3 k € | +402% | 862,5 € |
| Debts | 2,4 k € | 0.0% | 2,4 k € | -8.0% | 2,6 k € | +8.7% | 2,4 k € | -84.8% | 15,6 k € | +125% | 6,9 k € | +18.3% | 5,8 k € | -3.7% | 6,1 k € | -38.1% | 9,8 k € | +10.5% | 8,9 k € | +7.9% | 8,2 k € | +26.7% | 6,5 k € | -24.2% | 8,6 k € | +21.3% | 7,1 k € | -12.0% | 8 k € | +15.4% | 6,9 k € | -4.1% | 7,2 k € | -16.9% | 8,7 k € | -4.8% | 9,2 k € | +14.0% | 8 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 41 ended
Active mandates
Guy LAMBORAY
ActiveJacques RAINOTTE
ActiveLéa COUNET
ActiveRaymond COLLIGNON
ActiveEnded mandates
Guy LAMBORAY
EndedJacques RAINOTTE
EndedRaymond COLLIGNON
EndedGuy LAMBORAY
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
| 0409.488.072 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 10/06/2026 | 23/05/2025 | 24/06/2024 | 14/06/2023 | 25/05/2022 | 30/08/2021 |
| General meeting | 23/04/2026 | 24/04/2025 | 25/04/2024 | 27/04/2023 | 28/04/2022 | 26/08/2021 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 23/04/2026 | 10/06/2026 | French | |
| Micro model | 31/12/2024 | 24/04/2025 | 23/05/2025 | French | |
| Micro model | 31/12/2023 | 25/04/2024 | 24/06/2024 | French | |
| Micro model | 31/12/2022 | 27/04/2023 | 14/06/2023 | French | |
| Micro model | 31/12/2021 | 28/04/2022 | 25/05/2022 | French | |
| Micro model | 31/12/2020 | 26/08/2021 | 30/08/2021 | French | |
| Micro model | 31/12/2019 | 01/10/2020 | 29/10/2020 | French | |
| Micro model | 31/12/2018 | 25/04/2019 | 09/05/2019 | French | |
| Micro model | 31/12/2017 | 26/04/2018 | 05/06/2018 | French | |
| Micro model | 31/12/2016 | 27/04/2017 | 08/05/2017 | French | |
| Abridged model | 31/12/2015 | 28/04/2016 | 19/05/2016 | French | |
| Abridged model | 31/12/2014 | 23/04/2015 | 11/05/2015 | French | |
| Abridged model | 31/12/2013 | 24/04/2014 | 28/04/2014 | French | |
| Abridged model | 31/12/2012 | 04/06/2013 | 12/06/2013 | French | |
| Abridged model | 31/12/2011 | 26/04/2012 | 08/05/2012 | French | |
| Abridged model | 31/12/2010 | 28/04/2011 | 10/05/2011 | French | |
| Abridged model | 31/12/2009 | 22/04/2010 | 17/05/2010 | French | |
| Abridged model | 31/12/2008 | 15/05/2009 | 02/06/2009 | French | |
| Abridged model | 31/12/2007 | 24/04/2008 | 13/05/2008 | French | |
| Abridged model | 31/12/2006 | 26/04/2007 | 02/05/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 0 € and 100 k€
The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 41 ended
Active mandates
Guy LAMBORAY
ActiveJacques RAINOTTE
ActiveLéa COUNET
ActiveRaymond COLLIGNON
ActiveEnded mandates
Guy LAMBORAY
EndedJacques RAINOTTE
EndedRaymond COLLIGNON
EndedGuy LAMBORAY
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates07/05/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
- Mandates23/09/2022DEMISSIONS, NOMINATIONS
- Mandates18/01/2021DEMISSIONS, NOMINATIONS
- Mandates18/06/2019DEMISSIONS, NOMINATIONS
- Mandates07/06/2017DEMISSIONS, NOMINATIONS
- Mandates03/08/2016DEMISSIONS, NOMINATIONS
- Other27/05/2015DIVERS
- Mandates10/07/2013DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-2,2 k €↓
- 2024Annual accounts 2024-1,1 k €↓
- 2023Annual accounts 2023-350,3 €↓
- 2022Annual accounts 20224,4 k €↓
- 2021Annual accounts 202117,4 k €↑
- 2020Annual accounts 2020758,6 €↓
- 2019Annual accounts 20193,4 k €↓
- 2018Annual accounts 20183,5 k €↓
- 2017Annual accounts 20173,7 k €↑
- 2016Annual accounts 20163,1 k €↓
- 2015Annual accounts 20154,2 k €↑
- 2014Annual accounts 20143,7 k €↓
- 2013Annual accounts 20133,8 k €↑
- 2012Annual accounts 20122,3 k €↓
- 2011Annual accounts 20113,2 k €↑
- 2010Annual accounts 20102,2 k €↓
- 2009Annual accounts 20092,8 k €↓
- 2008Annual accounts 20083,2 k €↓
- 2007Annual accounts 20074,2 k €↑
- 2006Annual accounts 20063,8 k €
- 10/07/1929IncorporationPublic limited company