ACTIVE

Emendo

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Financial year 2024 · closed on 31/12/2024

Net result

417,8 k €

+36.4% YoY

Gross margin

1,8 M €

+12.7% YoY

Equity

780,5 k €

-2.8% YoY

What does Emendo do?

Emendo is a Private limited company incorporated in 1998. Its registered office is in Kapellen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.144.604

Incorporation

16/09/1998

Legal form

Private limited company

Registered office

Antwerpsesteenweg 69
2950 Kapellen · FlandreSee on map

Contributed capital

11 685,39 €

Latest accounts

31/12/2024

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,8 M €	+12.7%	1,6 M €	+21.0%	1,3 M €	+22.5%	1,1 M €	-32.8%	1,6 M €	+40.7%	1,1 M €	+14.6%	993,7 k €	+16.1%	855,7 k €	-1.8%	871,7 k €	+9.1%	799,2 k €	+11.8%	714,6 k €	+3.8%	688,6 k €	+26.9%	542,7 k €	+16.2%	467,1 k €	-4.9%	491,1 k €	-9.9%	545,3 k €	+5.0%	519,3 k €	+7.5%	483,3 k €	+7.8%	448,4 k €
EBITDA	597,6 k €	+13.6%	526,3 k €	+2.4%	514 k €	+62.7%	316 k €	-63.6%	868,8 k €	+134%	371,7 k €	+5.1%	353,7 k €	+3.4%	342,2 k €	+15.8%	295,5 k €	+8.0%	273,5 k €	+28.7%	212,4 k €	-13.0%	244 k €	+47.3%	165,6 k €	-5.5%	175,3 k €	-19.4%	217,5 k €	+0.6%	216,3 k €	+21.9%	177,5 k €	+1.2%	175,3 k €	-7.2%	189 k €
Operating result	537,6 k €	+17.3%	458,2 k €	+1.3%	452,6 k €	+77.3%	255,3 k €	-68.3%	804,5 k €	+162%	306,5 k €	+4.8%	292,4 k €	+5.1%	278,1 k €	+18.5%	234,8 k €	+41.5%	165,9 k €	-22.8%	214,9 k €	+39.7%	153,9 k €	+248%	44,2 k €	+34.0%	33 k €	-69.0%	106,3 k €	-1.9%	108,4 k €	+37.2%	79 k €	+66.5%	47,4 k €	-40.8%	80,1 k €
Net result	417,8 k €	+36.4%	306,2 k €	-0.9%	308,9 k €	+91.0%	161,7 k €	-71.7%	572,2 k €	+230%	173,7 k €	-2.6%	178,4 k €	+18.8%	150,2 k €	+23.6%	121,5 k €	+23.8%	98,1 k €	-4.2%	102,4 k €	+61.0%	63,6 k €	+42468%	149,4 €	+220%	46,7 €	-99.9%	62,7 k €	-4.7%	65,8 k €	-10.5%	73,5 k €	+1106%	6,1 k €	-83.2%	36,3 k €
Balance sheet
Equity	780,5 k €	-2.8%	802,7 k €	+24.2%	646,5 k €	+32.6%	487,6 k €	+14.5%	425,9 k €	-18.0%	519,3 k €	+16.5%	445,7 k €	+21.3%	367,3 k €	+37.5%	267,2 k €	+36.5%	195,7 k €	+32.6%	147,6 k €	+55.0%	95,2 k €	+54.6%	61,6 k €	+0.2%	61,4 k €	+0.1%	61,4 k €	-29.5%	87 k €	-45.1%	158,4 k €	+63.4%	96,9 k €	-27.0%	132,8 k €
Total assets	1,7 M €	-4.6%	1,8 M €	-6.5%	1,9 M €	+18.9%	1,6 M €	+5.0%	1,5 M €	-9.4%	1,7 M €	-9.9%	1,9 M €	+5.8%	1,8 M €	+4.4%	1,7 M €	+3.6%	1,6 M €	+37.8%	1,2 M €	+8.9%	1,1 M €	+5.1%	1 M €	+0.7%	1 M €	+97.1%	517,4 k €	-25.9%	698,2 k €	-0.5%	701,4 k €	-4.0%	730,9 k €	-8.9%	802,7 k €
Cash	64,6 k €	-48.9%	126,5 k €	-82.0%	702 k €	+101%	348,7 k €	-3.3%	360,7 k €	+179%	129,1 k €	-46.6%	241,9 k €	+45.1%	166,7 k €	-14.3%	194,4 k €	+258%	54,4 k €	+2.9%	52,8 k €	+12289%	426,5 €	-2.8%	438,7 €	-80.8%	2,3 k €	-59.1%	5,6 k €	+12.2%	5 k €	-80.8%	25,9 k €	-41.8%	44,6 k €	-22.8%	57,8 k €
Debts	904,9 k €	-6.1%	963,9 k €	-22.5%	1,2 M €	+12.9%	1,1 M €	+1.3%	1,1 M €	-5.5%	1,2 M €	-18.3%	1,4 M €	+1.7%	1,4 M €	-1.9%	1,4 M €	-0.9%	1,4 M €	+38.5%	1 M €	+4.5%	984,6 k €	+2.0%	965,5 k €	+0.8%	958,2 k €	+110%	456 k €	-25.4%	611,2 k €	+12.6%	542,9 k €	-14.4%	633,9 k €	-5.3%	669,7 k €
Other
Workforce	–		15,8 ETP	+9.0%	14,5 ETP	+16.0%	12,5 ETP	+7.8%	11,6 ETP		–		10,7 ETP	+15.1%	9,3 ETP	-7.9%	10,1 ETP	+6.3%	9,5 ETP	+21.8%	7,8 ETP	+5.4%	7,4 ETP	+32.1%	5,6 ETP	0.0%	5,6 ETP	+3.7%	5,4 ETP	-15.6%	6,4 ETP	-22.9%	8,3 ETP	+15.3%	7,2 ETP	0.0%	7,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 4 ended

Active mandates

RWN

Director · since 01 octobre 2009 · 0862.147.579

Represented by Erwin Grusenmeyer

Active

Ended mandates

RWN

Manager · since 01 octobre 2009 · 0862.147.579

Represented by Erwin GRUSENMEYER

Ended

RWN

Manager · since 01 octobre 2009 · 0862.147.579

Represented by Erwin Grusenmeyer

Ended

Erwin GRUSENMEYER

Manager

Ended

RWN

Director · 0862.147.579

Represented by Erwin Grusenmeyer

Ended

At this address

Other companies at this address

Company	CBE no.
Vereniging van Mede-eigenaars van het gebouw te 2950 Kapellen, Antwerpsesteenweg 69● Active	0807.279.827

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2025	03/07/2024	06/06/2023	15/06/2022	30/06/2021	25/08/2020
General meeting	02/06/2025	03/06/2024	05/06/2023	04/06/2022	03/01/2021	02/06/2020
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

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	02/06/2025	31/08/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	03/07/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	06/06/2023	Dutch	PDF
Abridged model	31/12/2021	04/06/2022	15/06/2022	Dutch	PDF
Abridged model	31/12/2020	03/01/2021	30/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	25/08/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	19/06/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	20/07/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	12/07/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	07/07/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	31/08/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	31/08/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	02/07/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	21/09/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	22/07/2010	Dutch	PDF
Abridged model	31/12/2008	01/06/2009	29/07/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	07/08/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	31/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 4 ended

Active mandates

RWN

Director · since 01 octobre 2009 · 0862.147.579

Represented by Erwin Grusenmeyer

Active

Ended mandates

RWN

Manager · since 01 octobre 2009 · 0862.147.579

Represented by Erwin GRUSENMEYER

Ended

RWN

Manager · since 01 octobre 2009 · 0862.147.579

Represented by Erwin Grusenmeyer

Ended

Erwin GRUSENMEYER

Manager

Ended

RWN

Director · 0862.147.579

Represented by Erwin Grusenmeyer

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other10/09/2026
STATUTEN (VERTALING, COORDINATIE, OVERIGE
PDF
Restructuring25/08/2025
ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring06/06/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates14/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/03/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring21/01/2025
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring20/11/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates12/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2024
Annual accounts 2024417,8 k €↑
2023
Annual accounts 2023306,2 k €↓
2022
Annual accounts 2022308,9 k €↑
2021
Annual accounts 2021161,7 k €↓
2020
Annual accounts 2020572,2 k €↑
2019
Annual accounts 2019173,7 k €↓
2018
Annual accounts 2018178,4 k €↑
2017
Annual accounts 2017150,2 k €↑
2016
Annual accounts 2016121,5 k €↑
2015
Annual accounts 201598,1 k €↓
2014
Annual accounts 2014102,4 k €↑
2013
Annual accounts 201363,6 k €↑
2012
Annual accounts 2012149,4 €↑
2011
Annual accounts 201146,7 €↓
2010
Annual accounts 201062,7 k €↓
2009
Annual accounts 200965,8 k €↓
2008
Annual accounts 200873,5 k €↑
2007
Annual accounts 20076,1 k €↓
2006
Annual accounts 200636,3 k €
16/09/1998
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Emendo

Overview

What does Emendo do?

Trend over 19 financial years

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