ACTIVE

EMF CONSTRUCT

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Financial year 2025 · closed on 30/09/2025

Net result

-10,6 k €

+61.5% YoY

Gross margin

242,5 k €

+50.3% YoY

Equity

192,5 k €

-39.3% YoY

Workforce

0,0 ETP

What does EMF CONSTRUCT do?

EMF CONSTRUCT is a Private limited company incorporated in 2007. Its main activity is: Construction of roads and motorways. Its registered office is in Dendermonde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0888.175.451

Incorporation

22/03/2007

Legal form

Private limited company

Registered office

Schoolstraat 37
9200 Dendermonde · FlandreSee on map

Contributed capital

78 600,00 €

Latest accounts

30/09/2025

Average workforce

0,0 ETP

Activities (NACE)

42110Construction of roads and motorways· main 42110Construction of roads and motorways

Signals

Good liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2010		2009		2008
Income statement
Gross margin	242,5 k €	+50.3%	161,3 k €	-14.1%	187,8 k €	-16.8%	225,8 k €	+93.9%	116,5 k €	-0.8%	117,4 k €	-22.0%	150,5 k €	+47.5%	102,0 k €	+34.8%	75,7 k €	+49.5%	50,6 k €	-39.1%	83,0 k €	+18.4%	70,1 k €	-43.3%	123,8 k €	+89.2%	65,4 k €	+18329%	-358,9 €	-106%	5,5 k €	-63.0%	15,0 k €
EBITDA	226,2 k €	+54.4%	146,6 k €	-15.6%	173,7 k €	-12.7%	199,1 k €	+129%	87,0 k €	-19.2%	107,6 k €	-25.1%	143,7 k €	+54.7%	92,9 k €	+33.4%	69,7 k €	+41.3%	49,3 k €	-39.5%	81,5 k €	+20.1%	67,8 k €	-44.9%	123,1 k €	+91.0%	64,4 k €	+13753%	-472,1 €	-109%	5,4 k €	-63.1%	14,7 k €
Operating result	29,6 k €	+136%	12,5 k €	-70.6%	42,6 k €	-64.8%	120,9 k €	+118%	55,5 k €	+67.1%	33,2 k €	-31.1%	48,2 k €	+161%	18,5 k €	-64.3%	51,8 k €	+90.0%	27,3 k €	-52.3%	57,1 k €	+37.0%	41,7 k €	-54.5%	91,6 k €	+43.2%	64,0 k €	+13649%	-472,1 €	-109%	5,4 k €	+19.7%	4,5 k €
Net result	-10,6 k €	+61.5%	-27,5 k €	-421%	8,6 k €	-83.6%	52,3 k €	+142%	21,6 k €	+73.9%	12,4 k €	-26.0%	16,8 k €	+12273%	135,7 €	-99.4%	23,5 k €	+1971%	-1,3 k €	-105%	24,1 k €	+39.8%	17,2 k €	-72.0%	61,7 k €	+30.5%	47,2 k €	+3178%	-1,5 k €	+86.8%	-11,6 k €	-1028%	1,3 k €
Balance sheet
Equity	192,5 k €	-39.3%	317,1 k €	-8.0%	344,6 k €	+2.5%	336,0 k €	+18.4%	283,7 k €	+8.2%	262,1 k €	+5.0%	249,7 k €	+7.2%	232,9 k €	+0.1%	232,8 k €	+11.2%	209,2 k €	-0.6%	210,5 k €	+12.9%	186,4 k €	+14.4%	163,0 k €	+242%	47,7 k €	+9684%	487,7 €	-75.9%	2,0 k €	-85.2%	13,7 k €
Total assets	2,0 M €	+6.2%	1,9 M €	-0.3%	1,9 M €	+11.3%	1,7 M €	+61.1%	1,0 M €	+27.0%	817,4 k €	+1.8%	803,0 k €	+7.2%	749,2 k €	+34.8%	555,9 k €	-1.0%	561,4 k €	-7.9%	609,2 k €	+4.0%	585,8 k €	+93.1%	303,3 k €	+327%	71,0 k €	+14071%	500,9 €	-92.7%	6,8 k €	-84.8%	45,1 k €
Cash	4,3 k €	+176%	1,5 k €	-95.6%	35,2 k €	+7721%	450,0 €	-99.2%	56,6 k €	+937%	5,5 k €	+20.7%	4,5 k €	+21.3%	3,7 k €	-24.6%	4,9 k €		–		17,7 k €	+122%	8,0 k €	+51.2%	5,3 k €	+17.3%	4,5 k €		–		–		5,6 k €
Debts	1,8 M €	+15.3%	1,5 M €	+1.2%	1,5 M €	+13.6%	1,3 M €	+76.1%	754,1 k €	+37.8%	547,3 k €	-0.3%	549,1 k €	+6.5%	515,5 k €	+60.4%	321,3 k €	-8.0%	349,1 k €	-12.4%	398,7 k €	+0.3%	397,7 k €	+183%	140,3 k €	+503%	23,3 k €	+176387%	13,2 €	-99.7%	4,8 k €	-84.6%	31,4 k €
Other
Workforce	0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 7 ended

Active mandates

Frank Meirsman

Director · since 03 novembre 2011

Active

Ended mandates

Frank Meirsman

Manager · since 25 novembre 2011

Ended

Franco Piccinni

Manager · since 26 juin 2009 · until 25 novembre 2011

Ended

Franco Piccinni

Manager · since 26 juin 2009

Ended

Lieve Van den Branden

Manager · since 28 mars 2007

Ended

At this address

Other companies at this address

Company	CBE no.
GREENSTONE● Active	0755.326.231

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	30/04/2025	30/04/2024	28/04/2023	30/06/2022	29/04/2021
General meeting	31/03/2026	31/03/2025	29/03/2024	31/03/2023	25/03/2022	26/03/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	31/03/2026	30/04/2026	Dutch	PDF
Abridged model	30/09/2024	31/03/2025	30/04/2025	Dutch	PDF
Abridged model	30/09/2023	29/03/2024	30/04/2024	Dutch	PDF
Abridged model	30/09/2022	31/03/2023	28/04/2023	Dutch	PDF
Abridged model	30/09/2021	25/03/2022	30/06/2022	Dutch	PDF
Abridged model	30/09/2020	26/03/2021	29/04/2021	Dutch	PDF
Abridged model	30/09/2019	27/03/2020	13/05/2020	Dutch	PDF
Abridged model	30/09/2018	29/03/2019	27/05/2019	Dutch	PDF
Abridged model	30/09/2017	30/03/2018	02/05/2018	Dutch	PDF
Abridged model	30/09/2016	31/03/2017	27/04/2017	Dutch	PDF
Abridged model	30/09/2015	25/03/2016	03/05/2016	Dutch	PDF
Abridged model	30/09/2014	27/03/2015	27/03/2015	Dutch	PDF
Abridged model	30/09/2013	28/03/2014	05/05/2014	Dutch	PDF
Abridged model	30/09/2012	29/03/2013	06/05/2013	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	01/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	22/07/2009	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 7 ended

Active mandates

Frank Meirsman

Director · since 03 novembre 2011

Active

Ended mandates

Frank Meirsman

Manager · since 25 novembre 2011

Ended

Franco Piccinni

Manager · since 26 juin 2009 · until 25 novembre 2011

Ended

Franco Piccinni

Manager · since 26 juin 2009

Ended

Lieve Van den Branden

Manager · since 28 mars 2007

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office01/04/2021
MAATSCHAPPELIJKE ZETEL
PDF
Registered office05/12/2018
MAATSCHAPPELIJKE ZETEL
PDF
Registered office19/01/2018
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares27/05/2013
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - KAPITAAL - AANDELEN
PDF
Mandates14/12/2011
BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/12/2009
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/04/2007
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

2025
Annual accounts 2025-10,6 k €↑
2024
Annual accounts 2024-27,5 k €↓
2023
Annual accounts 20238,6 k €↓
2022
Annual accounts 202252,3 k €↑
2021
Annual accounts 202121,6 k €↑
2020
Annual accounts 202012,4 k €↓
2019
Annual accounts 201916,8 k €↑
2018
Annual accounts 2018135,7 €↓
2017
Annual accounts 201723,5 k €↑
2016
Annual accounts 2016-1,3 k €↓
2015
Annual accounts 201524,1 k €↑
2014
Annual accounts 201417,2 k €↓
2013
Annual accounts 201361,7 k €↑
2012
Annual accounts 201247,2 k €↑
2010
Annual accounts 2010-1,5 k €↑
2009
Annual accounts 2009-11,6 k €↓
2008
Annual accounts 20081,3 k €
22/03/2007
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

EMF CONSTRUCT

Overview

What does EMF CONSTRUCT do?

Trend over 17 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