ACTIVE

ELAFLEX

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Financial year 2025 · closed on 31/12/2025

Net result

595,4 k €

+0.4% YoY

Gross margin

2,6 M €

-3.6% YoY

Equity

4,7 M €

+14.4% YoY

Workforce

20,3 ETP

-10.2% YoY

What does ELAFLEX do?

ELAFLEX is a Public limited company incorporated in 1956. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Antwerpen. It employs on average 20,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0404.945.108

Incorporation

31/01/1956

Legal form

Public limited company

Registered office

Merksemsesteenweg 192
2100 Antwerpen · FlandreSee on map

Contributed capital

930 883,37 €

Latest accounts

31/12/2025

Average workforce

20,3 ETP

Activities (NACE)

46649Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46699Wholesale of other machinery and equipment 25999Manufacture of other fabricated metal products n.e.c.25999Manufacture of other fabricated metal products n.e.c.

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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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	2,6 M €	-3.6%	2,7 M €	-8.7%	3 M €	+30.3%	2,3 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	819,3 k €	-0.3%	822,1 k €	+8.0%	761,5 k €	+58.3%	481 k €	+6.2%	452,8 k €	-14.4%	529,1 k €	-4.7%	555 k €	+13.7%	488,2 k €	+4.3%	467,9 k €	-20.3%	587 k €	+26.9%	462,4 k €	-27.3%	636,2 k €	+20.0%	530,2 k €	-1.2%	536,5 k €	-41.8%	921,2 k €	+27.8%	720,9 k €	+68.5%	427,9 k €	-38.7%	697,8 k €	-6.6%	747,1 k €	+11.1%	672,2 k €
Operating result	728,1 k €	-1.4%	738,3 k €	+19.2%	619,3 k €	+57.5%	393,3 k €	+3.2%	381,1 k €	-10.4%	425,4 k €	-10.3%	474,2 k €	+17.3%	404,2 k €	+7.3%	376,7 k €	-24.6%	499,6 k €	+41.5%	353 k €	-35.1%	543,9 k €	+41.7%	383,8 k €	-13.2%	442,4 k €	-46.9%	833,3 k €	+27.3%	654,6 k €	+98.5%	329,8 k €	-45.6%	606,7 k €	-6.6%	649,4 k €	+13.1%	574,3 k €
Net result	595,4 k €	+0.4%	593,2 k €	+19.4%	496,7 k €	+60.2%	309,9 k €	+4.2%	297,4 k €	-10.0%	330,6 k €	-2.8%	340,1 k €	+19.5%	284,7 k €	+16.3%	244,7 k €	-27.5%	337,4 k €	+34.1%	251,7 k €	-38.9%	412,2 k €	+41.1%	292 k €	-12.6%	334 k €	-44.4%	600,6 k €	+24.2%	483,7 k €	+82.1%	265,7 k €	-42.9%	465,5 k €	-5.4%	491,9 k €	+15.7%	425,3 k €
Balance sheet
Equity	4,7 M €	+14.4%	4,1 M €	+16.8%	3,5 M €	+16.3%	3 M €	+11.4%	2,7 M €	+12.2%	2,4 M €	+15.7%	2,1 M €	+19.3%	1,8 M €	+19.3%	1,5 M €	-3.6%	1,5 M €	-6.8%	1,6 M €	-10.8%	1,8 M €	-4.5%	1,9 M €	-5.3%	2 M €	-3.1%	2,1 M €	+0.0%	2,1 M €	+4.1%	2 M €	-1.7%	2,1 M €	-1.7%	2,1 M €	-0.4%	2,1 M €
Total assets	5,1 M €	+12.5%	4,5 M €	+13.6%	4 M €	+14.1%	3,5 M €	+10.1%	3,2 M €	+12.4%	2,8 M €	+12.9%	2,5 M €	+6.0%	2,3 M €	-5.2%	2,5 M €	-3.3%	2,6 M €	-2.9%	2,6 M €	-6.2%	2,8 M €	+3.6%	2,7 M €	-0.2%	2,7 M €	-9.2%	3 M €	+7.8%	2,8 M €	+5.0%	2,6 M €	-7.1%	2,8 M €	-6.1%	3 M €	+2.9%	2,9 M €
Cash	486,1 k €	+36.2%	356,9 k €	+30.6%	273,3 k €	-12.2%	311,4 k €	-60.7%	793,3 k €	+75.4%	452,2 k €	+315%	108,9 k €	+0.3%	108,6 k €	-58.4%	261,3 k €	+56.5%	167 k €	-57.3%	391,5 k €	+0.3%	390,3 k €	+34.2%	290,8 k €	-42.0%	501,5 k €	-41.4%	856 k €	+41.7%	604 k €	+55.9%	387,6 k €	-26.9%	530,4 k €	+1.2%	524,4 k €	+1.1%	518,8 k €
Debts	259,6 k €	-7.5%	280,6 k €	-9.9%	311,3 k €	-19.8%	388,1 k €	+14.4%	339,3 k €	+4.1%	326 k €	-3.0%	336,2 k €	-39.9%	559,8 k €	-40.3%	937,8 k €	-5.2%	989 k €	+7.3%	921,8 k €	+2.5%	899,7 k €	+25.8%	715 k €	+14.6%	624,1 k €	-25.5%	838,1 k €	+33.0%	630,3 k €	+22.6%	514,1 k €	-31.4%	749,3 k €	-13.9%	870,4 k €	+12.2%	776,1 k €
Other
Workforce	20,3 ETP	-10.2%	22,6 ETP	-9.2%	24,9 ETP	+5.1%	23,7 ETP	-3.7%	24,6 ETP	0.0%	24,6 ETP	+10.3%	22,3 ETP	-9.0%	24,5 ETP	-3.2%	25,3 ETP	-4.5%	26,5 ETP	+1.1%	26,2 ETP	+10.1%	23,8 ETP	+11.7%	21,3 ETP	+4.9%	20,3 ETP	+1.5%	20,0 ETP	-1.0%	20,2 ETP	-6.0%	21,5 ETP	+13.8%	18,9 ETP	-7.4%	20,4 ETP	-2.4%	20,9 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 · 15 ended

Active mandates

Christoph Bretthauer

Mandate

Active

Stefan Kunter

Mandate

Active

Ended mandates

Christoph Bretthauer

Managing director · since 30 octobre 2019 · until 09 mai 2022

Ended

Jürgen Harengel

Managing director · since 09 mai 2016 · until 30 octobre 2019

Ended

Jürgen Harengel

Managing director · since 09 mai 2016 · until 09 mai 2022

Ended

Karsten Ehlers

Director · since 09 mai 2016 · until 09 mai 2022

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Full model	Full 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	04/06/2026	03/06/2025	23/05/2024	09/05/2023	18/05/2022	11/05/2021
General meeting	11/05/2026	12/05/2025	13/05/2024	08/05/2023	09/05/2022	10/05/2021
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

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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	11/05/2026	04/06/2026	Dutch	PDF
Abridged model	31/12/2024	12/05/2025	03/06/2025	Dutch	PDF
Abridged model	31/12/2023	13/05/2024	23/05/2024	Dutch	PDF
Abridged model	31/12/2022	08/05/2023	09/05/2023	Dutch	PDF
Full model	31/12/2021	09/05/2022	18/05/2022	Dutch	PDF
Full model	31/12/2020	10/05/2021	11/05/2021	Dutch	PDF
Full model	31/12/2019	11/05/2020	14/05/2020	Dutch	PDF
Full model	31/12/2018	29/05/2019	17/06/2019	Dutch	PDF
Full model	31/12/2017	04/06/2018	27/06/2018	Dutch	PDF
Full model	31/12/2016	08/05/2017	21/06/2017	Dutch	PDF
Full model	31/12/2015	09/05/2016	02/06/2016	Dutch	PDF
Full model	31/12/2014	11/05/2015	29/06/2015	Dutch	PDF
Full model	31/12/2013	12/05/2014	27/06/2014	Dutch	PDF
Full model	31/12/2012	13/05/2013	13/06/2013	Dutch	PDF
Full model	31/12/2011	04/06/2012	25/06/2012	Dutch	PDF
Full model	31/12/2010	09/05/2011	21/06/2011	Dutch	PDF
Full model	31/12/2009	10/05/2010	30/06/2010	Dutch	PDF
Full model	31/12/2008	11/05/2009	16/06/2009	Dutch	PDF
Full model	31/12/2007	13/05/2008	19/05/2008	Dutch	PDF
Full model	31/12/2006	14/05/2007	12/07/2007	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 · 15 ended

Active mandates

Christoph Bretthauer

Mandate

Active

Stefan Kunter

Mandate

Active

Ended mandates

Christoph Bretthauer

Managing director · since 30 octobre 2019 · until 09 mai 2022

Ended

Jürgen Harengel

Managing director · since 09 mai 2016 · until 30 octobre 2019

Ended

Jürgen Harengel

Managing director · since 09 mai 2016 · until 09 mai 2022

Ended

Karsten Ehlers

Director · since 09 mai 2016 · until 09 mai 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/09/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/03/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/02/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/07/2013
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 2025595,4 k €↑
2024
Annual accounts 2024593,2 k €↑
2023
Annual accounts 2023496,7 k €↑
2022
Annual accounts 2022309,9 k €↑
2021
Annual accounts 2021297,4 k €↓
2020
Annual accounts 2020330,6 k €↓
2019
Annual accounts 2019340,1 k €↑
2018
Annual accounts 2018284,7 k €↑
2017
Annual accounts 2017244,7 k €↓
2016
Annual accounts 2016337,4 k €↑
2015
Annual accounts 2015251,7 k €↓
2014
Annual accounts 2014412,2 k €↑
2013
Annual accounts 2013292 k €↓
2012
Annual accounts 2012334 k €↓
2011
Annual accounts 2011600,6 k €↑
2010
Annual accounts 2010483,7 k €↑
2009
Annual accounts 2009265,7 k €↓
2008
Annual accounts 2008465,5 k €↓
2007
Annual accounts 2007491,9 k €↑
2006
Annual accounts 2006425,3 k €
31/01/1956
IncorporationPublic 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

ELAFLEX

Overview

What does ELAFLEX 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