ACTIVE

ELEM

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Financial year 2025 · closed on 30/06/2025

Net result

-376,2 k €

-253.5% YoY

Revenue

16,9 M €

-38.4% YoY

Equity

4,2 M €

-8.3% YoY

Workforce

39,8 ETP

+6.4% YoY

What does ELEM do?

ELEM is a Public limited company incorporated in 1980. Its main activity is: Manufacture of fluid power equipment. Its registered office is in Montigny-le-Tilleul. It employs on average 39,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0420.994.450

Incorporation

13/11/1980

Legal form

Public limited company

Registered office

Rue de Gozée 81
6110 Montigny-le-Tilleul · WallonieSee on map

Contributed capital

570 155,11 €

Latest accounts

30/06/2025

Average workforce

39,8 ETP

Activities (NACE)

28120Manufacture of fluid power equipment· main 28120Manufacture of fluid power equipment 29120Manufacture of motor vehicles 46900Non-specialised wholesale trade 46900Non-specialised wholesale trade 51140Passenger air transport+2

Joint committees (4)

111
1110
209
2090

Signals

Solid equityGood liquidityPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	16,9 M €	-38.4%	27,4 M €	+35.4%	20,2 M €	+27.4%	15,9 M €	-0.9%	16 M €	-2.6%	16,5 M €	-5.7%	17,5 M €	-20.6%	22 M €	+7.6%	20,4 M €	+17.8%	17,4 M €	+29.2%	13,4 M €	-1.1%	13,6 M €	-7.9%	14,7 M €	-4.1%	15,4 M €	-24.8%	20,4 M €	-12.7%	23,4 M €	-22.5%	30,2 M €
EBITDA	245,1 k €	-79.9%	1,2 M €	+89.5%	643 k €	+3357%	18,6 k €	-69.9%	61,9 k €	-89.7%	601,1 k €	+105%	293,6 k €	+160%	-486,4 k €	-220%	404,2 k €	-37.4%	645,7 k €	-8.9%	709 k €	+47.3%	481,3 k €	+1.8%	472,9 k €	-51.3%	971,5 k €	-7.1%	1 M €	-17.1%	1,3 M €	-37.1%	2 M €
Operating result	64,4 k €	-93.0%	921,2 k €	+67.2%	551,1 k €	+2000%	-29 k €	-107%	387 k €	-19.9%	483,3 k €	+106%	234,4 k €	-11.2%	264 k €	-26.3%	358,4 k €	-16.8%	430,7 k €	+145%	176 k €	-8.1%	191,4 k €	+65.9%	115,4 k €	-83.9%	718,8 k €	-4.4%	751,8 k €	-31.2%	1,1 M €	-41.3%	1,9 M €
Net result	-376,2 k €	-253%	245,2 k €	+11.2%	220,5 k €	+484%	-57,4 k €	-129%	198,1 k €	+30.6%	151,7 k €	+754%	17,8 k €	-83.1%	104,9 k €	-65.8%	306,9 k €	+7.2%	286,3 k €	+117%	132 k €	+19.8%	110,2 k €	+14.0%	96,6 k €	-78.1%	441,2 k €	+30.6%	337,7 k €	-50.1%	677,4 k €	-42.7%	1,2 M €
Balance sheet
Equity	4,2 M €	-8.3%	4,5 M €	+0.1%	4,5 M €	+0.1%	4,5 M €	-3.0%	4,7 M €	+0.6%	4,6 M €	+0.0%	4,6 M €	+0.4%	4,6 M €	+2.3%	4,5 M €	+0.8%	4,5 M €	+0.3%	4,5 M €	+0.1%	4,5 M €	+0.3%	4,4 M €	+0.1%	4,4 M €	+2.8%	4,3 M €	+5.2%	4,1 M €	+5.3%	3,9 M €
Total assets	12 M €	-18.5%	14,8 M €	+2.1%	14,5 M €	-6.5%	15,5 M €	+62.8%	9,5 M €	-16.4%	11,4 M €	+1.4%	11,2 M €	-11.2%	12,6 M €	-6.8%	13,5 M €	+7.1%	12,7 M €	+24.3%	10,2 M €	-8.5%	11,1 M €	-2.4%	11,4 M €	-2.5%	11,7 M €	-17.6%	14,2 M €	-11.9%	16,1 M €	+12.7%	14,3 M €
Cash	851,2 k €	-55.6%	1,9 M €	+17.2%	1,6 M €	+133%	702,7 k €	-44.7%	1,3 M €	-2.3%	1,3 M €	+46.1%	890,5 k €	-47.8%	1,7 M €	-3.3%	1,8 M €	+2.5%	1,7 M €	+59.5%	1,1 M €	+12.3%	961,3 k €	+11.2%	864,8 k €	+54.3%	560,6 k €	-35.4%	868,3 k €	+20.4%	721 k €	-25.2%	964,2 k €
Debts	7,8 M €	-23.1%	10,1 M €	+3.8%	9,8 M €	-9.1%	10,8 M €	+129%	4,7 M €	-29.2%	6,6 M €	+4.4%	6,4 M €	-17.6%	7,7 M €	-9.9%	8,6 M €	+6.6%	8 M €	+44.0%	5,6 M €	-13.7%	6,5 M €	-5.3%	6,8 M €	-4.2%	7,1 M €	-27.0%	9,8 M €	-17.9%	11,9 M €	+16.0%	10,2 M €
Other
Workforce	39,8 ETP	+6.4%	37,4 ETP	+1.6%	36,8 ETP	-3.4%	38,1 ETP	+2.4%	37,2 ETP	+1.1%	36,8 ETP	-8.5%	40,2 ETP	-6.7%	43,1 ETP	+6.9%	40,3 ETP	+5.8%	38,1 ETP	-1.3%	38,6 ETP	-10.0%	42,9 ETP	-1.6%	43,6 ETP	+7.1%	40,7 ETP	-2.2%	41,6 ETP	+4.3%	39,9 ETP	+7.5%	37,1 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 30/06/2025 · 3 active · 33 ended

Active mandates

Frédéric PHILIPPE

Director

Active

Mathieu Joostens

Managing director

Active

Pierre Joostens

Director

Active

Ended mandates

Frédéric Philippe

Director · since 30 juin 2023 · until 30 juin 2029

Ended

Mathieu Joostens

Director · since 30 juin 2023 · until 30 juin 2029

Ended

Pierre Joostens

Director · since 30 juin 2023 · until 30 juin 2029

Ended

Frédéric Philippe

Director · since 29 septembre 2017 · until 30 juin 2023

Ended

At this address

Other companies at this address

Company	CBE no.
FINANCES ET TECHNIQUES Gestion● Active	0880.920.643
FINANCES ET TECHNIQUES Holding● Active	0450.049.415

Annual accounts

Full financial information

	2025	2024	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/07/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	30/06/2025	30/06/2024	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	18 months	12 months	12 months	12 months	12 months
Filing date	18/02/2026	03/03/2025	31/08/2023	29/07/2022	30/07/2021	30/09/2020
General meeting	02/02/2026	28/02/2025	29/08/2023	29/07/2022	30/06/2021	04/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/06/2025	02/02/2026	18/02/2026	French	PDF
Full model	30/06/2024	28/02/2025	03/03/2025	French	PDF
Full model	31/12/2022	29/08/2023	31/08/2023	French	PDF
Full model	31/12/2021	29/07/2022	29/07/2022	French	PDF
Full model	31/12/2020	30/06/2021	30/07/2021	French	PDF
Full model	31/12/2019	04/09/2020	30/09/2020	French	PDF
Full model	31/12/2018	28/06/2019	24/07/2019	French	PDF
Full model	31/12/2017	29/06/2018	26/07/2018	French	PDF
Full model	31/12/2016	28/06/2017	17/08/2017	French	PDF
Full model	31/12/2015	28/07/2016	29/07/2016	French	PDF
Full model	31/12/2014	20/05/2015	10/08/2015	French	PDF
Full model	31/12/2013	21/05/2014	29/07/2014	French	PDF
Full model	31/12/2012	15/05/2013	29/07/2013	French	PDF
Full model	31/12/2011	16/05/2012	17/07/2012	French	PDF
Full model	31/12/2010	23/06/2011	24/08/2011	French	PDF
Full model	31/12/2009	25/06/2010	30/08/2010	French	PDF
Full model	31/12/2008	20/05/2009	31/07/2009	French	PDF
Full model	31/12/2007	21/05/2008	15/07/2008	French	PDF
Full model	31/12/2006	16/05/2007	30/07/2007	French	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 30/06/2025 · 3 active · 33 ended

Active mandates

Frédéric PHILIPPE

Director

Active

Mathieu Joostens

Managing director

Active

Pierre Joostens

Director

Active

Ended mandates

Frédéric Philippe

Director · since 30 juin 2023 · until 30 juin 2029

Ended

Mathieu Joostens

Director · since 30 juin 2023 · until 30 juin 2029

Ended

Pierre Joostens

Director · since 30 juin 2023 · until 30 juin 2029

Ended

Frédéric Philippe

Director · since 29 septembre 2017 · until 30 juin 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates10/06/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates11/01/2024
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates25/07/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates04/04/2019
DEMISSIONS, NOMINATIONS
PDF
Other10/10/2017
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates17/12/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates06/03/2013
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 2025-376,2 k €↓
2024
Annual accounts 2024245,2 k €↑
2022
Annual accounts 2022220,5 k €↑
2021
Annual accounts 2021-57,4 k €↓
2018
Annual accounts 2018198,1 k €↑
2017
Annual accounts 2017151,7 k €↑
2016
Annual accounts 201617,8 k €↓
2015
Annual accounts 2015104,9 k €↓
2014
Annual accounts 2014306,9 k €↑
2013
Annual accounts 2013286,3 k €↑
2012
Annual accounts 2012132 k €↑
2011
Annual accounts 2011110,2 k €↑
2010
Annual accounts 201096,6 k €↓
2009
Annual accounts 2009441,2 k €↑
2008
Annual accounts 2008337,7 k €↓
2007
Annual accounts 2007677,4 k €↓
2006
Annual accounts 20061,2 M €
13/11/1980
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

ELEM

Overview

What does ELEM 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