ACTIVE

EMT

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Financial year 2025 · closed on 31/12/2025

Net result

177,5 k €

+18.6% YoY

Gross margin

1,4 M €

+2.6% YoY

Equity

1,1 M €

-8.8% YoY

Workforce

9,1 ETP

-13.3% YoY

What does EMT do?

EMT is a Private limited company incorporated in 2001. Its registered office is in Tongeren-Borgloon. It employs on average 9,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.102.625

Incorporation

19/11/2001

Legal form

Private limited company

Registered office

Prinsenweg 11
3700 Tongeren-Borgloon · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

9,1 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

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	1,4 M €	+2.6%	1,3 M €	+4.0%	1,3 M €	+6.8%	1,2 M €	+72.0%	690,3 k €	-9.2%	760,2 k €	+35.4%	561,5 k €	+10.2%	509,7 k €	+83.9%	277,1 k €	+86.0%	149 k €	+166%	56 k €	+82.3%	30,7 k €	+6.1%	29 k €	-30.1%	41,4 k €	+26.8%	32,7 k €	-34.6%	49,9 k €	-33.9%	75,5 k €	-29.2%	106,5 k €	-18.6%	130,9 k €	+56.7%	83,5 k €
EBITDA	685,9 k €	+9.9%	624,3 k €	+9.2%	571,6 k €	-6.7%	612,6 k €	+115%	285 k €	-12.0%	323,9 k €	+36.9%	236,5 k €	+3.6%	228,4 k €	+93.8%	117,9 k €	+124%	52,5 k €	+1.6%	51,6 k €	+153%	20,4 k €	-11.6%	23,1 k €	-34.6%	35,3 k €	+43.4%	24,6 k €	-24.9%	32,8 k €	-34.4%	50 k €	-26.6%	68 k €	-3.2%	70,3 k €	+46.8%	47,9 k €
Operating result	303,6 k €	+13.6%	267,3 k €	-5.9%	284 k €	-34.4%	432,7 k €	+200%	144,2 k €	-38.7%	235,2 k €	+80.8%	130,1 k €	-13.8%	151 k €	+71.5%	88,1 k €	+166%	33,1 k €	+165%	12,5 k €	+185%	-14,6 k €	+29.3%	-20,7 k €	-135%	-8,8 k €	+42.4%	-15,3 k €	-414%	4,9 k €	+135%	-14 k €	+25.0%	-18,7 k €	-7082%	-260,4 €	+98.8%	-22,1 k €
Net result	177,5 k €	+18.6%	149,6 k €	-7.3%	161,4 k €	-45.1%	293,7 k €	+215%	93,3 k €	-39.0%	153 k €	+70.9%	89,5 k €	-10.0%	99,5 k €	+50.8%	65,9 k €	+153%	26,1 k €	+47.4%	17,7 k €	+86.3%	9,5 k €	+157%	-16,6 k €	-220%	-5,2 k €	-237%	3,8 k €	-80.6%	19,5 k €	+276%	-11,1 k €	+36.7%	-17,5 k €	-1732%	1,1 k €	-54.2%	2,3 k €
Balance sheet
Equity	1,1 M €	-8.8%	1,2 M €	+14.5%	1 M €	+18.5%	870,3 k €	+50.9%	576,7 k €	+19.3%	483,4 k €	+46.3%	330,4 k €	+37.2%	240,9 k €	+70.3%	141,5 k €	+87.3%	75,5 k €	+52.7%	49,4 k €	+55.7%	31,7 k €	+42.7%	22,3 k €	-42.7%	38,8 k €	-11.8%	44 k €	+9.4%	40,2 k €	+94.0%	20,7 k €	-34.8%	31,8 k €	-35.5%	49,3 k €	+2.2%	48,3 k €
Total assets	2,3 M €	-6.6%	2,5 M €	+1.0%	2,5 M €	+10.1%	2,2 M €	+31.7%	1,7 M €	+17.5%	1,4 M €	+20.2%	1,2 M €	+7.8%	1,1 M €	+237%	332,5 k €	+44.3%	230,4 k €	+33.9%	172 k €	-12.8%	197,3 k €	+31.4%	150,1 k €	-18.7%	184,8 k €	-27.7%	255,7 k €	+29.2%	197,9 k €	+47.9%	133,8 k €	-33.6%	201,5 k €	-13.9%	233,9 k €	-15.3%	276,1 k €
Cash	657,9 k €	-25.6%	884,7 k €	+16.6%	758,8 k €	+32.8%	571,4 k €	+22.8%	465,4 k €	-3.0%	479,8 k €	+44.6%	331,7 k €	+10.2%	301 k €	+219%	94,4 k €	+116%	43,8 k €	+236%	13 k €	+43.0%	9,1 k €	+1.1%	9 k €	+1.0%	8,9 k €	-36.1%	13,9 k €	-57.7%	33 k €	+23.7%	26,6 k €	+163%	10,1 k €	+15.0%	8,8 k €	+4.6%	8,4 k €
Debts	1,2 M €	-4.9%	1,3 M €	-8.5%	1,4 M €	+4.7%	1,4 M €	+22.5%	1,1 M €	+17.3%	952,7 k €	+10.0%	865,7 k €	-0.6%	870,6 k €	+368%	186 k €	+26.9%	146,5 k €	+22.6%	119,5 k €	-18.3%	146,4 k €	+23.6%	118,5 k €	-14.6%	138,7 k €	-31.9%	203,8 k €	+34.7%	151,3 k €	+39.6%	108,4 k €	-29.1%	152,8 k €	-15.5%	180,8 k €	-20.1%	226,2 k €
Other
Workforce	9,1 ETP	-13.3%	10,5 ETP	-7.1%	11,3 ETP	+17.7%	9,6 ETP	+20.0%	8,0 ETP		–		–		–		–		–		–		–		–		–		–		0,3 ETP	-70.0%	1,0 ETP	-9.1%	1,1 ETP	-42.1%	1,9 ETP	+90.0%	1,0 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 31/12/2025 · 2 active · 5 ended

Active mandates

Etienne Buntinx

Director

Active

Manuella Orye

Director

Active

Ended mandates

Etienne Buntinx

Director · since 17 juillet 2023

Ended

Etienne Buntinx

Manager · since 01 janvier 2002

Ended

Etienne Buntinx

Associate · since 01 janvier 2002

Ended

Manuella Orye

Director · since 12 novembre 2001

Ended

Annual accounts

Full financial information

	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	13/07/2026	15/05/2025	17/07/2024	24/07/2023	27/07/2022	23/07/2021
General meeting	18/06/2026	25/04/2025	20/06/2024	17/04/2023	19/04/2022	19/04/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/06/2026	13/07/2026	Dutch	PDF
Abridged model	31/12/2024	25/04/2025	15/05/2025	Dutch	PDF
Abridged model	31/12/2023	20/06/2024	17/07/2024	Dutch	PDF
Abridged model	31/12/2022	17/04/2023	24/07/2023	Dutch	PDF
Abridged model	31/12/2021	19/04/2022	27/07/2022	Dutch	PDF
Abridged model	31/12/2020	19/04/2021	23/07/2021	Dutch	PDF
Abridged model	31/12/2019	20/04/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	15/04/2019	27/06/2019	Dutch	PDF
Micro model	31/12/2017	16/04/2018	20/06/2018	Dutch	PDF
Micro model	31/12/2016	18/04/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	18/04/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	22/04/2015	29/06/2015	Dutch	PDF
Abridged model	31/12/2013	22/04/2014	26/06/2014	Dutch	PDF
Abridged model	31/12/2012	15/04/2013	17/07/2013	Dutch	PDF
Abridged model	31/12/2011	16/04/2012	25/07/2012	Dutch	PDF
Abridged model	31/12/2010	18/04/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	19/04/2010	29/07/2010	Dutch	PDF
Abridged model	31/12/2008	20/04/2009	18/06/2009	Dutch	PDF
Abridged model	31/12/2007	21/04/2008	13/06/2008	Dutch	PDF
Abridged model	31/12/2006	16/04/2007	29/06/2007	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 31/12/2025 · 2 active · 5 ended

Active mandates

Etienne Buntinx

Director

Active

Manuella Orye

Director

Active

Ended mandates

Etienne Buntinx

Director · since 17 juillet 2023

Ended

Etienne Buntinx

Manager · since 01 janvier 2002

Ended

Etienne Buntinx

Associate · since 01 janvier 2002

Ended

Manuella Orye

Director · since 12 novembre 2001

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Registered office07/04/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates10/04/2006
ONTSLAGEN - BENOEMINGEN
PDF
Other24/09/2002
DIVERSEN
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

2025
Annual accounts 2025177,5 k €↑
2024
Annual accounts 2024149,6 k €↓
2023
Annual accounts 2023161,4 k €↓
2022
Annual accounts 2022293,7 k €↑
2021
Annual accounts 202193,3 k €↓
2020
Annual accounts 2020153 k €↑
2019
Annual accounts 201989,5 k €↓
2018
Annual accounts 201899,5 k €↑
2017
Annual accounts 201765,9 k €↑
2016
Annual accounts 201626,1 k €↑
2015
Annual accounts 201517,7 k €↑
2014
Annual accounts 20149,5 k €↑
2013
Annual accounts 2013-16,6 k €↓
2012
Annual accounts 2012-5,2 k €↓
2011
Annual accounts 20113,8 k €↓
2010
Annual accounts 201019,5 k €↑
2009
Annual accounts 2009-11,1 k €↑
2008
Annual accounts 2008-17,5 k €↓
2007
Annual accounts 20071,1 k €↓
2006
Annual accounts 20062,3 k €
19/11/2001
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

EMT

Overview

What does EMT do?

Trend over 20 financial years

Indicative valuation

Board of directors

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