EMSA IMMO
0826.826.614 · rovalta.com · 23/09/2026
ACTIVE
EMSA IMMO
Financial year 2025 · closed on 31/12/2025
Net result
106,7 k €
+2109.4% YoY
Gross margin
164 k €
+695.7% YoY
Equity
94,1 k €
+849.1% YoY
Overview
What does EMSA IMMO do?
EMSA IMMO is a Private limited company incorporated in 2010. Its registered office is in Schaerbeek.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0826.826.614
Incorporation
22/06/2010
Legal form
Private limited company
Registered office
Chaussée de Louvain 467
1030 Schaerbeek · BruxellesSee on map
1030 Schaerbeek · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Joint committees (1)
- 323
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 15 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||
| Gross margin | 164 k € | +696% | 20,6 k € | -15.9% | 24,5 k € | +141% | 10,2 k € | -7.0% | 10,9 k € | -51.5% | 22,5 k € | +12.4% | 20 k € | -7.4% | 21,6 k € | +14.6% | 18,9 k € | +133% | 8,1 k € | +29.9% | 6,2 k € | +42.9% | 4,4 k € | -59.8% | 10,9 k € | -85.5% | 74,9 k € | -4.8% | 78,7 k € |
| EBITDA | 146 k € | +3119% | -4,8 k € | +18.0% | -5,9 k € | -1021% | -525,8 € | -108% | 6,9 k € | -49.1% | 13,6 k € | +1448% | 876,2 € | +121% | -4,1 k € | -193% | 4,4 k € | +1.6% | 4,3 k € | -26.3% | 5,9 k € | +46.7% | 4 k € | -60.1% | 10,1 k € | +201% | -10 k € | -208% | 9,2 k € |
| Operating result | 139,5 k € | +2986% | -4,8 k € | +54.9% | -10,7 k € | -100% | -5,4 k € | -360% | 2,1 k € | -76.5% | 8,8 k € | +326% | -3,9 k € | +56.0% | -8,9 k € | -2326% | -364,9 € | -288% | 193,7 € | +106% | -3 k € | +42.7% | -5,3 k € | -763% | 792,8 € | +105% | -15,1 k € | -459% | 4,2 k € |
| Net result | 106,7 k € | +2109% | -5,3 k € | +22.2% | -6,8 k € | -26.2% | -5,4 k € | -159% | 9,1 k € | +3.6% | 8,8 k € | +313% | -4,1 k € | +50.2% | -8,3 k € | -364% | 3,1 k € | +4609% | -69,6 € | +98.0% | -3,5 k € | +40.7% | -5,8 k € | -783% | 854,8 € | +105% | -18,2 k € | -510% | 4,4 k € |
| Balance sheet | |||||||||||||||||||||||||||||
| Equity | 94,1 k € | +849% | -12,6 k € | -73.2% | -7,3 k € | -1568% | -435 € | -109% | 5 k € | +219% | -4,2 k € | +67.9% | -13 k € | -46.7% | -8,8 k € | -1486% | -557,8 € | +84.9% | -3,7 k € | -1.9% | -3,6 k € | -2126% | -162,9 € | -103% | 5,7 k € | +17.7% | 4,8 k € | -79.1% | 23 k € |
| Total assets | 258,1 k € | +7523% | 3,4 k € | +30.3% | 2,6 k € | -68.8% | 8,3 k € | -31.8% | 12,2 k € | +53.0% | 8 k € | -37.3% | 12,7 k € | -23.7% | 16,7 k € | -15.8% | 19,8 k € | +301% | 4,9 k € | -48.5% | 9,6 k € | -49.6% | 19,1 k € | -37.6% | 30,6 k € | -63.4% | 83,5 k € | -45.7% | 153,8 k € |
| Cash | 27 k € | – | 109,4 € | -86.9% | 835,7 € | +2434% | 33 € | -95.2% | 690,6 € | -11.7% | 782,4 € | -58.0% | 1,9 k € | +681% | 238,2 € | -19.1% | 294,3 € | -66.0% | 866,8 € | -39.3% | 1,4 k € | -50.7% | 2,9 k € | -93.9% | 47,7 k € | -60.5% | 120,8 k € | ||
| Debts | 164 k € | +928% | 15,9 k € | +61.9% | 9,9 k € | +12.3% | 8,8 k € | +21.0% | 7,3 k € | -40.3% | 12,2 k € | -52.8% | 25,7 k € | +0.7% | 25,5 k € | +25.3% | 20,4 k € | +136% | 8,6 k € | -34.7% | 13,2 k € | -31.2% | 19,2 k € | -22.7% | 24,9 k € | -68.4% | 78,7 k € | -39.8% | 130,7 k € |
| Other | |||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | – | – | – | 2,0 ETP | 0.0% | 2,0 ETP | |||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 250 k€ and 500 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 2 ended
Active mandates
Bilal Cihanbay
ActiveEnded mandates
EMEL KURTOGLU
EndedEMEL KURTOGLU
EndedAt this address
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Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro 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 | 14/09/2026 | 14/07/2025 | 19/07/2024 | 24/07/2023 | 26/07/2022 | 22/07/2021 |
| General meeting | 07/09/2026 | 09/05/2025 | 10/05/2024 | 12/05/2023 | 13/05/2022 | 14/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
15 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 07/09/2026 | 14/09/2026 | French | |
| Micro model | 31/12/2024 | 09/05/2025 | 14/07/2025 | French | |
| Micro model | 31/12/2023 | 10/05/2024 | 19/07/2024 | French | |
| Micro model | 31/12/2022 | 12/05/2023 | 24/07/2023 | French | |
| Micro model | 31/12/2021 | 13/05/2022 | 26/07/2022 | French | |
| Micro model | 31/12/2020 | 14/05/2021 | 22/07/2021 | French | |
| Micro model | 31/12/2019 | 08/05/2020 | 27/07/2020 | French | |
| Micro model | 31/12/2018 | 10/05/2019 | 17/07/2019 | French | |
| Micro model | 31/12/2017 | 11/05/2018 | 27/07/2018 | French | |
| Micro model | 31/12/2016 | 12/05/2017 | 24/07/2017 | French | |
| Abridged model | 31/12/2015 | 13/05/2016 | 26/07/2016 | French | |
| Abridged model | 31/12/2014 | 08/05/2015 | 31/07/2015 | French | |
| Abridged model | 31/12/2013 | 09/05/2014 | 29/07/2014 | French | |
| Abridged model | 31/12/2012 | 10/05/2013 | 05/07/2013 | French | |
| Abridged model | 31/12/2011 | 11/05/2012 | 19/07/2012 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 250 k€ and 500 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 2 ended
Active mandates
Bilal Cihanbay
ActiveEnded mandates
EMEL KURTOGLU
EndedEMEL KURTOGLU
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates15/07/2025SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
- Mandates13/02/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
- Registered office20/02/2013SIEGE SOCIAL
- Other01/07/2010RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025106,7 k €↑
- 2024Annual accounts 2024-5,3 k €↑
- 2023Annual accounts 2023-6,8 k €↓
- 2022Annual accounts 2022-5,4 k €↓
- 2021Annual accounts 20219,1 k €↑
- 2020Annual accounts 20208,8 k €↑
- 2019Annual accounts 2019-4,1 k €↑
- 2018Annual accounts 2018-8,3 k €↓
- 2017Annual accounts 20173,1 k €↑
- 2016Annual accounts 2016-69,6 €↑
- 2015Annual accounts 2015-3,5 k €↑
- 2014Annual accounts 2014-5,8 k €↓
- 2013Annual accounts 2013854,8 €↑
- 2012Annual accounts 2012-18,2 k €↓
- 2011Annual accounts 20114,4 k €
- 22/06/2010IncorporationPrivate limited company