ACTIVE

ELSTER

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Financial year 2025 · Closed on 31/12/2025

Net result471,2 k €+268,9 %over 1 year

Revenue6,8 M €+0,7 %over 1 year

Equity12,4 M €+3,9 %over 1 year

Workforce12,7 ETP+2,4 %over 1 year

Identity

Source · BCE/KBO

ELSTER is a Public limited company incorporated in 1970. Its main activity is: Manufacture of instruments and appliances for measuring, testing and navigation. Its registered office is in Essen. It employs on average 12,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0406.973.693
Incorporation: 09/02/1970
Legal form: Public limited company
Registered office: Rijkmakerlaan 9
2910 Essen · FlandreSee on map
Contributed capital: 2 087 918,28 €
Latest accounts: 31/12/2025
Average workforce: 12,7 ETP

Activities (NACE)

26510Manufacture of instruments and appliances for measuring, testing and navigation· main 26510Manufacture of instruments and appliances for measuring, testing and navigation 33201Installation of industrial machinery and equipment 33202Installation of industrial machinery and equipment

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	6,8 M €	+0.7%	6,8 M €	+21.5%	5,6 M €	-17.8%	6,8 M €	-15.5%	8 M €
EBITDA	255,3 k €	+2.2%	249,7 k €	+70.9%	146,1 k €	-37.2%	232,5 k €	-76.7%	997,5 k €
Operating result	204,9 k €	+0.7%	203,4 k €	+36.4%	149,2 k €	-58.2%	356,9 k €	-67.8%	1,1 M €
Net result	471,2 k €	+269%	-279 k €	-164%	433,9 k €	-14.9%	509,6 k €	-50.9%	1 M €
Balance sheet
Equity	12,4 M €	+3.9%	12 M €	-2.3%	12,2 M €	+3.7%	11,8 M €	+4.5%	11,3 M €
Total assets	15,8 M €	+8.7%	14,5 M €	+6.1%	13,7 M €	-2.1%	14 M €	+1.3%	13,8 M €
Cash	192,4 k €	+5.2%	182,9 k €	+4.7%	174,6 k €	+29.4%	134,9 k €	+8.2%	124,7 k €
Debts	3,1 M €	+36.2%	2,2 M €	+90.9%	1,2 M €	-40.1%	2 M €	-10.7%	2,2 M €
Other
Workforce	12,7 ETP	+2.4%	12,4 ETP	-3.1%	12,8 ETP	-7.2%	13,8 ETP	+4.5%	13,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 17 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Elster-InstrometRepresented by van Kaam Michiel Antonius Maria	Director20/08/2024 → 19/08/2030
Verhamme Ignace	Director01/07/2023 → 30/06/2028
Xavier Wanty	Managing director01/01/2022 → 30/06/2027Director01/01/2022 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Elster InstrometRepresented by van den Heuvel Dimitry	Director22/06/2021 → 2023 accounts
Clifford Ronan	Director01/01/2021 → 2023 accounts
Laure Julcour-Sandillon	Director26/10/2018 → 31/12/2020

Other companies at this address

Rijkmakerlaan 9 2910 Essen

Company	CBE no.
ELSTER-INSTROMET INVEST● Active	0468.331.440

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full 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	27/08/2026	11/08/2025	27/08/2024	25/08/2023	22/08/2022	13/07/2021
General meeting	30/06/2026	30/06/2025	19/08/2024	30/06/2023	30/06/2022	30/06/2021
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

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	27/08/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	11/08/2025	Dutch	PDF
Full model	31/12/2023	19/08/2024	27/08/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	25/08/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	22/08/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	13/07/2021	Dutch	PDF
Full modelCorrection	31/12/2019	31/07/2020	17/12/2020	Dutch	PDF
Full model	31/12/2019	31/07/2020	26/08/2020	Dutch	PDF
Full model	31/12/2018	30/08/2019	30/09/2019	Dutch	PDF
Full model	31/12/2017	28/12/2018	28/01/2019	Dutch	PDF
Full model	31/12/2016	09/06/2017	10/08/2017	Dutch	PDF
Full model	31/12/2015	10/10/2016	24/10/2016	Dutch	PDF
Full model	31/12/2014	22/06/2015	01/07/2015	Dutch	PDF
Full model	31/12/2013	23/06/2014	10/07/2014	Dutch	PDF
Full model	31/12/2012	31/05/2013	19/06/2013	Dutch	PDF
Full model	31/12/2011	31/05/2012	05/06/2012	Dutch	PDF
Full model	31/12/2010	21/06/2011	01/07/2011	Dutch	PDF
Full model	31/12/2009	31/05/2010	24/06/2010	Dutch	PDF
Full model	31/12/2008	02/06/2009	12/06/2009	Dutch	PDF
Full model	31/12/2007	02/06/2008	20/08/2008	Dutch	PDF
Full model	31/12/2006	31/05/2007	24/08/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 17 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Elster-InstrometRepresented by van Kaam Michiel Antonius Maria	Director20/08/2024 → 19/08/2030
Verhamme Ignace	Director01/07/2023 → 30/06/2028
Xavier Wanty	Managing director01/01/2022 → 30/06/2027Director01/01/2022 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Elster InstrometRepresented by van den Heuvel Dimitry	Director22/06/2021 → 2023 accounts
Clifford Ronan	Director01/01/2021 → 2023 accounts
Laure Julcour-Sandillon	Director26/10/2018 → 31/12/2020

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates22/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/12/2020
ONTSLAGEN - BENOEMINGEN
PDF

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

Elster-Instromet

Verhamme Ignace

Xavier Wanty

Elster Instromet

Clifford Ronan

Laure Julcour-Sandillon

Laure Sandillon

Saysanak Nguyen

Elster Instromet BV BO

Peter Merckaert

Piet Platschorre

Pieter Platschorre

Show the 8 other mandates

1970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

ELSTER

Rijkmakerlaan 9, 2910 Essen

Director

Managing director

Director

DirectorManaging director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rijkmakerlaan 9, 2910 EssenCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00447112

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ELSTERCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00447112

Events

30/03/2026
nominationRoland Kouw · vaste vertegenwoordiging
2025
Annual accounts 2025471,2 k €↑
05/06/2025
nominationMichiel van Kaam · vaste vertegenwoordiging
2024
Annual accounts 2024-279 k €↓
27/08/2024
reconductionDeloitte Bedrijfsrevisoren · commissaris
2023
Annual accounts 2023433,9 k €↓
01/07/2023
nominationIgnace Verhamme · bestuurder
2022
Annual accounts 2022509,6 k €↓
2021
Annual accounts 20211 M €↑
01/01/2021
nominationCarl Laschet · vaste vertegenwoordiger van de commissaris
2020
Annual accounts 2020-525,5 k €↑
2019
Annual accounts 2019-3,1 M €↓
2018
Annual accounts 2018123,7 k €↓
2017
Annual accounts 2017489,1 k €↓
2016
Annual accounts 20161,3 M €↑
2014
Annual accounts 2014-10,6 M €↓
2013
Annual accounts 2013-4,4 M €↓
2012
Annual accounts 2012-3,7 M €↓
2011
Annual accounts 20115,3 M €↑
2010
Annual accounts 20105 M €↑
2008
Annual accounts 2008422,6 k €↑
2007
Annual accounts 2007388,5 k €↑
2006
Annual accounts 2006-2 M €
09/02/1970
IncorporationPublic limited company

ELSTER

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events