ACTIVE

EMSD

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result175 k €-1,8 %over 1 year

Gross margin2,1 M €+11,6 %over 1 year

Equity1,5 M €+15,3 %over 1 year

Workforce20,1 ETP+8,1 %over 1 year

Identity

Source · BCE/KBO

EMSD is a Public limited company incorporated in 2008. Its main activity is: Manufacture of weapons and ammunition. Its registered office is in Malmedy. It employs on average 20,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0807.009.316
Incorporation: 10/10/2008
Legal form: Public limited company
Registered office: Avenue de Norvège 41
4960 Malmedy · WallonieSee on map
Contributed capital: 270 000,00 €
Latest accounts: 31/12/2025
Average workforce: 20,1 ETP

Activities (NACE)

25401Manufacture of weapons and ammunition· main 25501Forging, pressing, stamping and roll-forming of metal; powder metallurgy 43211Electrical installation 43211Electrical installation 25401Manufacture of weapons and ammunition 25501Forging, pressing, stamping and roll-forming of metal; powder metallurgy+9

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 17 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	2,1 M €	+11.6%	1,9 M €	+31.9%	1,4 M €	+3.1%	1,4 M €	+0.4%	1,4 M €
EBITDA	942 k €	+4.8%	898,9 k €	+40.3%	640,6 k €	+8.6%	589,8 k €	+8.5%	543,6 k €
Operating result	403,5 k €	+6.6%	378,6 k €	+79.1%	211,4 k €	-0.5%	212,4 k €	+31.5%	161,5 k €
Net result	175 k €	-1.8%	178,3 k €	+96.1%	90,9 k €	-25.0%	121,1 k €	+53.2%	79,1 k €
Balance sheet
Equity	1,5 M €	+15.3%	1,3 M €	+13.7%	1,1 M €	+6.6%	1 M €	+11.1%	941 k €
Total assets	7,4 M €	+14.0%	6,5 M €	+21.7%	5,4 M €	-4.5%	5,6 M €	-3.7%	5,8 M €
Cash	75,1 k €	-66.6%	224,8 k €	+59.2%	141,2 k €	-50.6%	285,6 k €	+44.6%	197,5 k €
Debts	5,9 M €	+13.3%	5,2 M €	+23.9%	4,2 M €	-6.9%	4,5 M €	-6.6%	4,9 M €
Other
Workforce	20,1 ETP	+8.1%	18,6 ETP	+16.3%	16,0 ETP	-2.4%	16,4 ETP	+0.6%	16,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 12 ended

Active mandates

Darius ONITA-LEHNEN

Director · since 28 novembre 2023

Active

Julien DIFFELS

Managing director · since 28 novembre 2023

Active

Michel DIFFELS

Chairman of the board of directors · since 28 novembre 2023

Active

Ended mandates

ENTWICKLUNGS- UND BETEILIGUNGSGESELLSCHAFT OSTBELGIENS

Director · since 30 mai 2024 · 0437.216.117

Ended

HYDRO JM

Director · since 30 juin 2022 · until 29 juin 2028 · 0674.908.875

Represented by Julien DIFFELS

Ended

Darius ONITA-LEHNEN

Director · since 14 juillet 2016 · until 30 juin 2022

Ended

Julien DIFFELS

Director · since 14 juillet 2016 · until 30 juin 2022

Ended

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	28/07/2026	07/07/2025	30/07/2024	16/07/2023	29/08/2022	13/08/2021
General meeting	28/05/2026	30/05/2025	30/05/2024	29/06/2023	30/06/2022	24/06/2021
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 7 days

Annual accounts filings

Source · NBB, 17 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	28/05/2026	28/07/2026	French	PDF
Abridged model	31/12/2024	30/05/2025	07/07/2025	French	PDF
Abridged model	31/12/2023	30/05/2024	30/07/2024	French	PDF
Abridged model	31/12/2022	29/06/2023	16/07/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	29/08/2022	French	PDF
Abridged model	31/12/2020	24/06/2021	13/08/2021	French	PDF
Abridged model	31/12/2019	25/06/2020	19/08/2020	French	PDF
Abridged model	31/12/2018	27/06/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	28/06/2018	24/08/2018	French	PDF
Abridged model	31/12/2016	29/06/2017	27/07/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	04/07/2016	French	PDF
Abridged model	31/12/2014	25/06/2015	20/08/2015	French	PDF
Abridged model	31/12/2013	26/06/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	27/06/2013	04/11/2013	French	PDF
Abridged model	31/12/2011	28/06/2012	29/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	24/06/2010	30/08/2010	French	PDF

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.

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

3 active · 12 ended

Active mandates

Darius ONITA-LEHNEN

Director · since 28 novembre 2023

Active

Julien DIFFELS

Managing director · since 28 novembre 2023

Active

Michel DIFFELS

Chairman of the board of directors · since 28 novembre 2023

Active

Ended mandates

ENTWICKLUNGS- UND BETEILIGUNGSGESELLSCHAFT OSTBELGIENS

Director · since 30 mai 2024 · 0437.216.117

Ended

HYDRO JM

Director · since 30 juin 2022 · until 29 juin 2028 · 0674.908.875

Represented by Julien DIFFELS

Ended

Darius ONITA-LEHNEN

Director · since 14 juillet 2016 · until 30 juin 2022

Ended

Julien DIFFELS

Director · since 14 juillet 2016 · until 30 juin 2022

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates05/01/2024
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates20/10/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates16/08/2016
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Capital / shares28/09/2015
CAPITAL, ACTIONS - DIVERS
PDF
Registered office22/12/2014
SIEGE SOCIAL
PDF
Other20/10/2008
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 2025175 k €↓
2024
Annual accounts 2024178,3 k €↑
2023
Annual accounts 202390,9 k €↓
2022
Annual accounts 2022121,1 k €↑
2021
Annual accounts 202179,1 k €↑
2020
Annual accounts 202047,7 k €↓
2019
Annual accounts 201967,2 k €↑
2018
Annual accounts 201846,7 k €↑
2017
Annual accounts 201715,5 k €↓
2016
Annual accounts 201626,9 k €↑
2015
Annual accounts 201515,8 k €↓
2014
Annual accounts 201456,8 k €↑
2013
Annual accounts 201318 k €↓
2012
Annual accounts 201254,9 k €↓
2011
Annual accounts 201177,5 k €↑
2010
Annual accounts 201021,8 k €↓
2009
Annual accounts 200928,5 k €
10/10/2008
IncorporationPublic limited company

EMSD

Overview

Identity

Financials

Valuation

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

Timeline