ACTIVE

EMUREF

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result488,6 k €+17 936,8 %over 1 year

Gross margin762,2 k €+724,5 %over 1 year

Equity285,6 k €+15,6 %over 1 year

Workforce1,2 ETP+20,0 %over 1 year

Identity

Source · BCE/KBO

EMUREF is a Public limited company incorporated in 1989. Its main activity is: Manufacture of refractory products. Its registered office is in Seraing. It employs on average 1,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0439.342.296
Incorporation: 28/12/1989
Legal form: Public limited company
Registered office: Rue de Tilleur 23
4101 Seraing · WallonieSee on map
Contributed capital: 62 000,00 €
Latest accounts: 31/12/2025
Average workforce: 1,2 ETP

Activities (NACE)

23200Manufacture of refractory products· main 23200Manufacture of refractory products 26260Manufacture of computers and peripheral equipment 30300Manufacture of air and spacecraft and related machinery 30310Manufacture of air and spacecraft and related machinery 35300Steam and air conditioning supply+3

Joint committees (2)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	762,2 k €	+725%	92,4 k €	-14.6%	108,3 k €	-22.6%	140 k €	-51.2%	286,6 k €
EBITDA	687 k €	+3512%	19 k €	-22.5%	24,5 k €	-56.6%	56,5 k €	+169%	-81,7 k €
Operating result	607,3 k €	+8849%	6,8 k €	-38.5%	11 k €	+188%	3,8 k €	+102%	-165,3 k €
Net result	488,6 k €	+17937%	2,7 k €	-61.2%	7 k €	-19.4%	8,7 k €	+105%	-162,8 k €
Balance sheet
Equity	285,6 k €	+15.6%	247 k €	+1.1%	244,3 k €	+2.9%	237,3 k €	+0.5%	236,1 k €
Total assets	1 M €	+196%	343 k €	-1.8%	349,4 k €	-18.2%	427 k €	-2.1%	436,3 k €
Cash	440,5 k €	+772%	50,5 k €	+62.7%	31 k €	-68.6%	98,9 k €	+43.4%	68,9 k €
Debts	679,7 k €	+618%	94,7 k €	-7.4%	102,2 k €	-42.1%	176,6 k €	-3.2%	182,4 k €
Other
Workforce	1,2 ETP	+20.0%	1,0 ETP	-28.6%	1,4 ETP	+27.3%	1,1 ETP	-56.0%	2,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
HOLDING WAUTERS1016.509.718Represented by Amaury Wauters	Directorsince 03/01/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
S.D.M.0895.814.893Represented by Stéphane DELEUZE	Director22/12/2023 → 2024 accountsManaging director23/05/2020 → 2022 accounts
Stéphane Deleuze	Director23/05/2020 → 2022 accounts

Other companies at this address

Rue de Tilleur 23 4101 Seraing

Company	CBE no.
HOLDING WAUTERS● Active	1016.509.718
S.D.M.● Active	0895.814.893

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	07/07/2026	01/07/2025	24/07/2024	03/08/2023	27/07/2022	14/07/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	17/06/2023	18/06/2022	19/06/2021
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

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	07/07/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	01/07/2025	French	PDF
Abridged model	31/12/2023	30/06/2024	24/07/2024	French	PDF
Abridged model	31/12/2022	17/06/2023	03/08/2023	French	PDF
Abridged model	31/12/2021	18/06/2022	27/07/2022	French	PDF
Abridged model	31/12/2020	19/06/2021	14/07/2021	French	PDF
Abridged model	31/12/2019	31/07/2020	08/09/2020	French	PDF
Abridged model	31/12/2018	20/06/2019	03/07/2019	French	PDF
Abridged model	31/12/2017	01/06/2018	05/06/2018	French	PDF
Abridged model	31/12/2016	15/06/2017	29/06/2017	French	PDF
Abridged modelCorrection	31/12/2015	16/06/2016	03/10/2016	French	PDF
Abridged model	31/12/2015	16/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	18/06/2015	20/11/2015	French	PDF
Abridged model	31/12/2013	14/05/2014	02/06/2014	French	PDF
Abridged model	31/12/2012	05/04/2013	11/07/2013	French	PDF
Abridged model	31/12/2011	29/05/2012	25/07/2012	French	PDF
Abridged model	31/12/2010	02/06/2011	18/07/2011	French	PDF
Abridged model	31/12/2009	03/06/2010	23/07/2010	French	PDF
Abridged model	31/12/2008	18/06/2009	16/08/2009	French	PDF
Abridged model	31/12/2007	19/06/2008	23/07/2008	French	PDF
Abridged model	31/12/2006	28/06/2007	25/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
HOLDING WAUTERS1016.509.718Represented by Amaury Wauters	Directorsince 03/01/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
S.D.M.0895.814.893Represented by Stéphane DELEUZE	Director22/12/2023 → 2024 accountsManaging director23/05/2020 → 2022 accounts
Stéphane Deleuze	Director23/05/2020 → 2022 accounts

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates16/01/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates22/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates10/08/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates09/07/2015
DEMISSIONS, NOMINATIONS
PDF
Other20/02/2014
Attribution de fontions
PDF
Mandates07/09/2011
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Registered office24/07/2009
TRANSFERT DU SIEGE SOCIAL
PDF
Mandates14/04/2009
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

HOLDING WAUTERS

S.D.M.

Stéphane Deleuze

PlanConsultance SPRL

DOMINIQUE VINCENT

BRIGITTE MOUSNY

PAWEL BANKIEL

19891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

EMUREF

Rue de Tilleur 23, 4101 Jemeppe-sur-Meuse

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de Tilleur 23, 4101 Jemeppe-sur-MeuseCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00261845

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
EMUREFCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00261845

Events

2025
Annual accounts 2025488,6 k €↑
2024
Annual accounts 20242,7 k €↓
2023
Annual accounts 20237 k €↓
2022
Annual accounts 20228,7 k €↑
2021
Annual accounts 2021-162,8 k €↓
2020
Annual accounts 202019,3 k €↓
2019
Annual accounts 2019101,1 k €↑
2018
Annual accounts 201839,9 k €↑
2017
Annual accounts 2017442,3 €↓
2016
Annual accounts 201631,9 k €↓
2015
Annual accounts 201537,9 k €↑
2014
Annual accounts 201411 k €↑
2013
Annual accounts 20136,7 k €↓
2012
Annual accounts 201232,6 k €↓
2011
Annual accounts 201149,1 k €↓
2010
Annual accounts 2010108,5 k €↓
2009
Annual accounts 2009231 k €↑
2008
Annual accounts 2008149,2 k €↑
2007
Annual accounts 200771,5 k €↑
2006
Annual accounts 200624,1 k €
28/12/1989
IncorporationPublic limited company

EMUREF

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events