ACTIVE

Emulco

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Financial year 2025 · closed on 31/12/2025
Net result
-838,9 k €
-4.0% YoY
Gross margin
-303,8 k €
+1.3% YoY
Equity
1,6 M €
-34.1% YoY
Workforce
3,9 ETP
+34.5% YoY

What does Emulco do?

Emulco is a Public limited company incorporated in 2013. Its main activity is: Manufacture of other chemical products n.e.c.. Its registered office is in Gent. It employs on average 3,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0503.841.556
Incorporation
01/02/2013
Legal form
Public limited company
Registered office
Henri Farmanstraat 25
9000 Gent · FlandreSee on map
Contributed capital
6 945 965,74 €
Latest accounts
31/12/2025
Average workforce
3,9 ETP
Activities (NACE)
20590Manufacture of other chemical products n.e.c.· main20590Manufacture of other chemical products n.e.c.52220Service activities incidental to water transportation52220Service activities incidental to water transportation20590Manufacture of other chemical products n.e.c.20590Manufacture of other chemical products n.e.c.
Joint committees (2)
  • 116
  • 207
Signals
Solid equityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120182017201620152014
Income statement
Gross margin-303,8 k €-307,9 k €-364,3 k €-237,7 k €-269,9 k €621,1 k €260,1 k €380,2 k €501,1 k €-251,5 k €
EBITDA-640,9 k €-562,8 k €-710,8 k €-382,5 k €-447 k €452,5 k €136,1 k €158,4 k €224,8 k €-661,4 k €
Operating result-730,8 k €-738,1 k €-918,3 k €-604,1 k €-673,2 k €111,5 k €-210,8 k €-58,8 k €26,1 k €-827,8 k €
Net result-838,9 k €-806,4 k €-881,4 k €-56,9 k €-645,1 k €100,7 k €-237,4 k €-96,2 k €1,9 k €-848,4 k €
Balance sheet
Equity1,6 M €2,5 M €3,3 M €4,2 M €212,4 k €775,6 k €311,2 k €484,8 k €335 k €264,3 k €
Total assets5,1 M €4,8 M €5,3 M €5,4 M €3,8 M €4,3 M €3,5 M €3,2 M €3,7 M €2,8 M €
Cash57,6 k €12,4 k €567,3 k €843,1 k €122,2 k €170,6 k €185 k €287 k €37,7 k €116,7 k €
Debts3,3 M €2,1 M €1,6 M €654 k €3,2 M €3,5 M €3,2 M €2,7 M €3,4 M €2,6 M €
Other
Workforce3,9 ETP2,9 ETP3,2 ETP1,5 ETP2,3 ETP1,9 ETP1,8 ETP1,8 ETP1,8 ETP1,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 17 ended

Active mandates

Bernard Goblet

Director · until 21 avril 2028

Active
CAP 28

Director · until 21 avril 2028 · 0597.693.709

Represented by Jean Vanhoebost

Active
Whitestone Group

Director · until 21 avril 2028 · 0467.731.030

Represented by Frédéric Pouchain

Active

Ended mandates

Elise Vanhoebost

Director · since 27 juin 2018 · until 17 mai 2024

Ended
Elise Vanhoeboest

Director · since 26 juin 2018 · until 17 mai 2024

Ended
Elise Vanhoebost

Director · since 26 juin 2018 · until 26 mars 2020

Ended
CAP 28

Managing director · since 29 avril 2015 · until 17 mai 2024 · 0597.693.709

Represented by Jean Vanhoebost

Ended
At this address

Other companies at this address

CompanyCBE no.
EENHEID EMULCO● Active
0658.986.029
EMULCO LABORATORIES● Active
0874.567.440
SHIELMARTIN● Active
0655.677.735
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date25/08/202629/08/202529/08/202430/06/202315/07/202222/07/2021
General meeting15/05/202616/05/202528/06/202407/06/202320/05/202221/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202515/05/202625/08/2026DutchPDF
Abridged model31/12/202416/05/202529/08/2025DutchPDF
Abridged model31/12/202328/06/202429/08/2024DutchPDF
Abridged model31/12/202207/06/202330/06/2023DutchPDF
Abridged model31/12/202120/05/202215/07/2022DutchPDF
Abridged model31/12/202021/05/202122/07/2021DutchPDF
Abridged model31/12/201908/09/202021/09/2020DutchPDF
Abridged model31/12/201821/06/201931/07/2019DutchPDF
Abridged model31/12/201729/06/201820/07/2018DutchPDF
Abridged model31/12/201619/05/201716/06/2017DutchPDF
Abridged model31/12/201520/06/201620/07/2016DutchPDF
Abridged model31/12/201430/06/201523/07/2015DutchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 17 ended

Active mandates

Bernard Goblet

Director · until 21 avril 2028

Active
CAP 28

Director · until 21 avril 2028 · 0597.693.709

Represented by Jean Vanhoebost

Active
Whitestone Group

Director · until 21 avril 2028 · 0467.731.030

Represented by Frédéric Pouchain

Active

Ended mandates

Elise Vanhoebost

Director · since 27 juin 2018 · until 17 mai 2024

Ended
Elise Vanhoeboest

Director · since 26 juin 2018 · until 17 mai 2024

Ended
Elise Vanhoebost

Director · since 26 juin 2018 · until 26 mars 2020

Ended
CAP 28

Managing director · since 29 avril 2015 · until 17 mai 2024 · 0597.693.709

Represented by Jean Vanhoebost

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other19/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING
    PDF
  • Mandates26/10/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL - DIVERSEN - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Capital / shares06/01/2021
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares20/07/2020
    KAPITAAL - AANDELEN
    PDF
  • Mandates01/04/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares07/09/2018
    KAPITAAL - AANDELEN
    PDF
  • Other08/08/2018
    DIVERSEN
    PDF
  • Mandates03/08/2018
    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

Timeline

  1. 2025
    Annual accounts 2025-838,9 k €↓
  2. 2024
    Annual accounts 2024-806,4 k €↑
  3. 2023
    Annual accounts 2023-881,4 k €↓
  4. 2023
    Name changeEMULCO
  5. 2022
    Annual accounts 2022-56,9 k €↑
  6. 2021
    Annual accounts 2021-645,1 k €↓
  7. 2021
    Name changeEmulco Ghent Seaport
  8. 2018
    Annual accounts 2018100,7 k €↑
  9. 2017
    Annual accounts 2017-237,4 k €↓
  10. 2016
    Annual accounts 2016-96,2 k €↓
  11. 2015
    Annual accounts 20151,9 k €↑
  12. 2014
    Annual accounts 2014-848,4 k €
  13. 01/02/2013
    IncorporationPublic limited company