ACTIVE

Elde

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Financial year 2025 · closed on 31/12/2025

Net result

163 k €

+474.4% YoY

Gross margin

389,3 k €

+118.6% YoY

Equity

1,5 M €

+12.3% YoY

What does Elde do?

Elde is a Public limited company incorporated in 1968. Its registered office is in Liège.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0406.164.536

Incorporation

31/10/1968

Legal form

Public limited company

Registered office

Boulevard d'Avroy 19
4000 Liège · WallonieSee on map

Contributed capital

941 995,39 €

Latest accounts

31/12/2025

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	389,3 k €	+119%	178,1 k €	-40.8%	301 k €	-8.9%	330,4 k €	+28.2%	257,7 k €	-69.1%	833,1 k €	+116%	384,9 k €	+227%	117,7 k €	-18.8%	145,1 k €	-1.1%	146,6 k €	+20.8%	121,4 k €	-36.7%	191,6 k €	+0.5%	190,6 k €	+22.8%	155,1 k €	-12.0%	176,3 k €	-9.5%	194,7 k €	+6.3%	183,2 k €	+2.0%	179,5 k €	+3.0%	174,3 k €	+6.5%	163,7 k €
EBITDA	241,6 k €	+360%	52,6 k €	-70.6%	178,5 k €	-22.6%	230,6 k €	+37.3%	167,9 k €	-77.4%	741,8 k €	+152%	294,1 k €	+2325%	-13,2 k €	-121%	62,3 k €	-29.7%	88,6 k €	-2.7%	91 k €	-43.3%	160,6 k €	+8.9%	147,5 k €	+30.8%	112,8 k €	-20.4%	141,8 k €	-14.0%	164,9 k €	+7.5%	153,5 k €	+1.3%	151,5 k €	+3.5%	146,4 k €	+7.0%	136,8 k €
Operating result	224,7 k €	+723%	27,3 k €	-82.5%	155,9 k €	-20.6%	196,3 k €	+30.8%	150,1 k €	-79.1%	717,5 k €	+182%	254,2 k €	+631%	-47,9 k €	-266%	28,8 k €	-47.1%	54,5 k €	+13.4%	48 k €	-59.6%	118,8 k €	+13.2%	105 k €	+126%	46,5 k €	-37.6%	74,5 k €	-18.3%	91,2 k €	+14.4%	79,7 k €	+1.8%	78,3 k €	+8.3%	72,2 k €	+11.6%	64,7 k €
Net result	163 k €	+474%	28,4 k €	-71.5%	99,5 k €	+259%	-62,5 k €	-164%	97,9 k €	-84.9%	650,1 k €	+160%	250,2 k €	+588%	-51,2 k €	-324%	22,8 k €	-68.3%	72,1 k €	-52.4%	151,6 k €	+98.9%	76,2 k €	-83.6%	463,5 k €	+2308%	19,2 k €	-39.8%	32 k €	-42.0%	55,1 k €	+6.3%	51,8 k €	+112%	24,4 k €	+20.4%	20,3 k €	+236%	6 k €
Balance sheet
Equity	1,5 M €	+12.3%	1,3 M €	+2.2%	1,3 M €	+8.3%	1,2 M €	-5.0%	1,3 M €	+8.5%	1,2 M €	-34.2%	1,8 M €	+2.6%	1,7 M €	-2.9%	1,8 M €	+1.3%	1,7 M €	-11.6%	2 M €	+8.3%	1,8 M €	+4.4%	1,7 M €	+41.3%	1,2 M €	+0.5%	1,2 M €	+1.6%	1,2 M €	+3.1%	1,2 M €	+2.6%	1,1 M €	+1.0%	1,1 M €	+1.8%	1,1 M €
Total assets	1,8 M €	+18.3%	1,6 M €	-6.3%	1,7 M €	+8.0%	1,5 M €	-1.2%	1,6 M €	+4.9%	1,5 M €	-27.0%	2 M €	+1.0%	2 M €	-3.5%	2,1 M €	-2.0%	2,1 M €	+2.9%	2,1 M €	+7.6%	1,9 M €	+6.3%	1,8 M €	-4.3%	1,9 M €	-13.7%	2,2 M €	+2.3%	2,1 M €	+3.0%	2,1 M €	+1.5%	2 M €	-1.5%	2,1 M €	-2.5%	2,1 M €
Cash	508,4 k €	-24.7%	675,2 k €	-11.7%	764,6 k €	+291%	195,4 k €	-43.0%	342,6 k €	+5.2%	325,6 k €	-32.7%	483,5 k €	+16.9%	413,6 k €	-12.3%	471,5 k €	-35.6%	732,7 k €	+13.3%	646,7 k €	+33.8%	483,4 k €	+42.2%	339,8 k €	+117%	156,7 k €	-59.3%	385 k €	+60.0%	240,6 k €	+64.5%	146,3 k €	+98.4%	73,7 k €	+77.3%	41,6 k €	+40.8%	29,5 k €
Debts	352,2 k €	+54.5%	228 k €	-37.5%	364,7 k €	+6.9%	341,1 k €	+14.5%	297,8 k €	+8.1%	275,6 k €	+23.5%	223,2 k €	-9.5%	246,5 k €	-8.5%	269,4 k €	-19.4%	334,3 k €	+638%	45,3 k €	-10.6%	50,7 k €	+385%	10,4 k €	-98.3%	628,2 k €	-34.6%	960,2 k €	+3.1%	931,3 k €	+2.8%	906 k €	+0.1%	905,1 k €	-4.0%	943,3 k €	-7.5%	1 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		1,0 ETP		–		–		0,4 ETP	0.0%	0,4 ETP	+300%	0,1 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 · 2 active · 19 ended

Active mandates

EVELYN DEMARCHE

Managing director · since 05 décembre 2023 · until 05 décembre 2029

Active

SOCIETE LIEGEOISE DE CONSTRUCTION SOLICO

Director · since 05 décembre 2023 · until 05 décembre 2029 · 0404.237.107

Active

Ended mandates

EVELYN DEMARCHE

Director · since 30 juin 2019 · until 30 juin 2025

Ended

EVELYN DEMARCHE

Managing director · since 30 juin 2019 · until 30 juin 2025

Ended

SOCIETE LIEGEOISE DE CONSTRUCTION SOLICO

Director · since 30 juin 2019 · until 30 juin 2024 · 0404.237.107

Represented by JEAN-CLAUDE SINCLAIR

Ended

SOCIETE LIEGEOISE DE CONSTRUCTION SOLICO

Managing director · since 30 juin 2019 · until 30 juin 2025 · 0404.237.107

Represented by JEAN-CHRISTOPHE SINCLAIR

Ended

At this address

Other companies at this address

Company	CBE no.
Association des Copropriétaires Résidence Lavandou à Liège Boulevard d'Avroy 19● Active	0887.926.617
COMPAGNIE DE DEVELOPPEMENT IMMOBILIER● Active	0416.257.484
DEMARCHE IMMOBILIERE● Active	0862.051.569
IMMODEM● Active	0436.660.445
SART-TILMAN PROPERTIES● Active	0757.717.874
Société belge immobilière et de Lotissements● Active	0404.420.813
SOCIETE LIEGEOISE DE CONSTRUCTION SOLICO● Active	0404.237.107

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	11/08/2026	29/10/2025	12/09/2024	19/03/2024	19/03/2024	16/08/2021
General meeting	23/07/2026	29/10/2025	13/06/2024	15/03/2024	15/03/2024	09/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	23/07/2026	11/08/2026	French	PDF
Micro model	31/12/2024	29/10/2025	29/10/2025	French	PDF
Micro model	31/12/2023	13/06/2024	12/09/2024	French	PDF
Micro model	31/12/2022	15/03/2024	19/03/2024	French	PDF
Micro model	31/12/2021	15/03/2024	19/03/2024	French	PDF
Micro model	31/12/2020	09/06/2021	16/08/2021	French	PDF
Micro model	31/12/2019	09/06/2020	24/06/2020	French	PDF
Micro model	31/12/2018	12/06/2019	09/09/2019	French	PDF
Micro model	31/12/2017	12/06/2018	18/06/2018	French	PDF
Abridged model	31/12/2016	12/06/2017	26/06/2017	French	PDF
Abridged model	31/12/2015	14/06/2016	14/06/2016	French	PDF
Abridged model	31/12/2014	09/06/2015	16/06/2015	French	PDF
Abridged model	31/12/2013	10/06/2014	16/06/2014	French	PDF
Abridged model	31/12/2012	11/06/2013	14/06/2013	French	PDF
Abridged model	31/12/2011	12/06/2012	13/06/2012	French	PDF
Abridged model	31/12/2010	14/06/2011	20/06/2011	French	PDF
Abridged model	31/12/2009	08/06/2010	09/06/2010	French	PDF
Abridged model	31/12/2008	09/06/2009	10/06/2009	French	PDF
Abridged model	31/12/2007	10/06/2008	20/06/2008	French	PDF
Abridged model	31/12/2006	12/06/2007	16/07/2007	French	PDF

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 · 2 active · 19 ended

Active mandates

EVELYN DEMARCHE

Managing director · since 05 décembre 2023 · until 05 décembre 2029

Active

SOCIETE LIEGEOISE DE CONSTRUCTION SOLICO

Director · since 05 décembre 2023 · until 05 décembre 2029 · 0404.237.107

Active

Ended mandates

EVELYN DEMARCHE

Director · since 30 juin 2019 · until 30 juin 2025

Ended

EVELYN DEMARCHE

Managing director · since 30 juin 2019 · until 30 juin 2025

Ended

SOCIETE LIEGEOISE DE CONSTRUCTION SOLICO

Director · since 30 juin 2019 · until 30 juin 2024 · 0404.237.107

Represented by JEAN-CLAUDE SINCLAIR

Ended

SOCIETE LIEGEOISE DE CONSTRUCTION SOLICO

Managing director · since 30 juin 2019 · until 30 juin 2025 · 0404.237.107

Represented by JEAN-CHRISTOPHE SINCLAIR

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates30/12/2019
DEMISSIONS, NOMINATIONS
PDF
Registered office14/07/2014
SIEGE SOCIAL
PDF
Mandates21/11/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates21/11/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates23/07/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates10/10/2007
DEMISSIONS, NOMINATIONS
PDF
Mandates05/01/2005
DEMISSIONS, NOMINATIONS
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 2025163 k €↑
2024
Annual accounts 202428,4 k €↓
2023
Annual accounts 202399,5 k €↑
2022
Annual accounts 2022-62,5 k €↓
2021
Annual accounts 202197,9 k €↓
2020
Annual accounts 2020650,1 k €↑
2019
Annual accounts 2019250,2 k €↑
2018
Annual accounts 2018-51,2 k €↓
2017
Annual accounts 201722,8 k €↓
2016
Annual accounts 201672,1 k €↓
2015
Annual accounts 2015151,6 k €↑
2014
Annual accounts 201476,2 k €↓
2013
Annual accounts 2013463,5 k €↑
2012
Annual accounts 201219,2 k €↓
2011
Annual accounts 201132 k €↓
2010
Annual accounts 201055,1 k €↑
2009
Annual accounts 200951,8 k €↑
2008
Annual accounts 200824,4 k €↑
2007
Annual accounts 200720,3 k €↑
2006
Annual accounts 20066 k €
31/10/1968
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

Elde

Overview

What does Elde do?

Trend over 20 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