ACTIVE

ELEX

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Financial year 2025 · closed on 31/12/2025

Net result

253,7 M €

+492.0% YoY

Equity

1,7 Md €

+17.1% YoY

Workforce

4,5 ETP

-16.7% YoY

What does ELEX do?

ELEX is a Public limited company incorporated in 1980. Its main activity is: Activities of holding companies. Its registered office is in Sint-Truiden. It employs on average 4,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.226.161

Incorporation

30/12/1980

Legal form

Public limited company

Registered office

Tiensesteenweg 168 box c204
3800 Sint-Truiden · FlandreSee on map

Contributed capital

173 282 083,52 €

Latest accounts

31/12/2025

Average workforce

4,5 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy 74203Photographic activities 70100Activities of head offices+1

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008
Income statement
Revenue	–		–		–		9,1 k €		–		–		–		–		5,4 k €	-99.0%	520,1 k €	-65.2%	1,5 M €	+108%	719,9 k €	-6.5%	769,7 k €	+0.1%	769,1 k €	+60.6%	478,8 k €	+1559%	28,9 k €	-61.3%	74,6 k €
EBITDA	-2,4 M €	-22.3%	-1,9 M €	-50.1%	-1,3 M €	-51.3%	-848,4 k €	-1008%	-76,5 k €	+85.9%	-542 k €	-14.1%	-474,8 k €	-44.6%	-328,5 k €	+32.8%	-488,8 k €	-1167%	-38,6 k €	-104%	1 M €	+1379%	69,3 k €	+186%	-81 k €	-111%	758,5 k €	+244%	220,6 k €	+163%	-350,7 k €	-106%	5,6 M €
Operating result	-2,4 M €	-21.9%	-1,9 M €	-49.1%	-1,3 M €	-50.5%	-862,5 k €	-819%	-93,9 k €	+83.2%	-558,7 k €	-14.2%	-489,3 k €	-42.8%	-342,8 k €	+32.3%	-506,5 k €	-810%	-55,7 k €	-106%	1 M €	+1950%	48,8 k €	+149%	-98,7 k €	-114%	726,9 k €	+258%	203 k €	-83.2%	1,2 M €	-78.0%	5,5 M €
Net result	253,7 M €	+492%	-64,7 M €	-107%	965,2 M €	+1417%	63,6 M €	+119%	29 M €	+50.2%	19,3 M €	+71.9%	11,2 M €	-42.1%	19,4 M €	-0.7%	19,5 M €	-2.5%	20,1 M €	+551%	-4,5 M €	-142%	10,7 M €	+326%	-4,7 M €	+69.2%	-15,3 M €	-109%	173,7 M €	+700%	21,7 M €	+148%	-44,8 M €
Balance sheet
Equity	1,7 Md €	+17.1%	1,5 Md €	-4.2%	1,5 Md €	+166%	582,5 M €	+12.3%	518,9 M €	+5.9%	489,9 M €	+4.1%	470,6 M €	+2.4%	459,4 M €	+4.4%	439,9 M €	+4.6%	420,4 M €	+5.0%	400,3 M €	-1.1%	404,8 M €	+0.2%	404,1 M €	-1.2%	408,8 M €	-3.6%	424,2 M €	+69.3%	250,5 M €	+531%	39,7 M €
Total assets	2 Md €	+5.7%	1,9 Md €	+9.7%	1,8 Md €	+151%	703,1 M €	+19.1%	590,3 M €	+14.7%	514,8 M €	+6.1%	485,1 M €	+0.3%	483,5 M €	-1.1%	488,6 M €	+2.1%	478,6 M €	+1.4%	471,9 M €	+1.8%	463,6 M €	+2.0%	454,7 M €	+2.9%	442,1 M €	-2.1%	451,5 M €	+45.9%	309,4 M €	+242%	90,6 M €
Cash	120,7 M €	-39.7%	200,1 M €	+97.9%	101,1 M €	-3.2%	104,4 M €	+92.1%	54,3 M €	+36.8%	39,7 M €	+79.4%	22,1 M €	+9.5%	20,2 M €	+81.9%	11,1 M €	-14.7%	13 M €	+1698%	725,1 k €	-93.2%	10,7 M €	+10.4%	9,7 M €	+381%	2 M €	-96.2%	53 M €	+9172%	572,1 k €	+187%	199,1 k €
Debts	117,4 M €	-43.9%	209,2 M €	+104%	102,5 M €	+105%	49,9 M €	+492%	8,4 M €	+53.5%	5,5 M €	+40.9%	3,9 M €	-80.0%	19,4 M €	-57.5%	45,8 M €	-13.2%	52,7 M €	-16.6%	63,2 M €	+8.6%	58,2 M €	+16.1%	50,1 M €	+51.5%	33,1 M €	+22.4%	27 M €	-53.8%	58,5 M €	+15.3%	50,8 M €
Other
Workforce	4,5 ETP	-16.7%	5,4 ETP	-20.6%	6,8 ETP	-1.4%	6,9 ETP	+15.0%	6,0 ETP	+36.4%	4,4 ETP	-6.4%	4,7 ETP	+17.5%	4,0 ETP	+29.0%	3,1 ETP	-31.1%	4,5 ETP	+18.4%	3,8 ETP	+15.2%	3,3 ETP	+3.1%	3,2 ETP	0.0%	3,2 ETP	+14.3%	2,8 ETP	0.0%	2,8 ETP	-31.7%	4,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

more than 1.000 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 12 ended

Active mandates

RODERICK DUCHATELET

Director · since 22 août 2025 · until 05 novembre 2025

Active

ROLAND DUCHATELET

Director · since 22 août 2025 · until 16 mai 2031

Active

KATRIEN MEIRE

Director · since 15 mars 2022 · until 15 mars 2028

Active

LAURA DUCHATELET

Director · since 15 mars 2022 · until 15 mars 2028

Active

LIEVEN DE TURCK

Director · since 15 mars 2022 · until 15 mars 2028

Active

Ended mandates

RODERICK DUCHATELET

Director · since 28 juin 2019 · until 16 mai 2025

Ended

RODERICK DUCHATELET

Director · since 28 juin 2019 · until 22 août 2025

Ended

ROLAND DUCHATELET

Director · since 28 juin 2019 · until 16 mai 2025

Ended

ROLAND DUCHATELET

Director · since 28 juin 2019 · until 22 août 2025

Ended

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Annual accounts

Full financial information

	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	18/06/2026	25/08/2025	09/07/2024	18/09/2023	04/08/2022	14/07/2021
General meeting	17/06/2026	22/08/2025	28/06/2024	18/09/2023	20/07/2022	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

Ratios

Financial ratios

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Filings

Annual accounts filings

25 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	17/06/2026	18/06/2026	Dutch	PDF
Full model	31/12/2024	22/08/2025	25/08/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	09/07/2024	Dutch	PDF
Full model	31/12/2022	18/09/2023	18/09/2023	Dutch	PDF
Full model	31/12/2021	20/07/2022	04/08/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	14/07/2021	Dutch	PDF
Full model	31/12/2019	26/06/2020	23/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	28/06/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	30/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	10/07/2017	Dutch	PDF
Full model	31/12/2015	24/06/2016	27/06/2016	Dutch	PDF
m120-f-p	31/12/2015	17/02/2017	17/01/2018	Dutch	PDF
Full model	31/12/2014	26/06/2015	02/07/2015	Dutch	PDF
m120-f-p	31/12/2014	17/02/2016	01/04/2016	Dutch	PDF
Full model	31/12/2013	27/06/2014	24/07/2014	Dutch	PDF
m120-f-p	31/12/2013	13/02/2015	20/04/2015	Dutch	PDF
Full model	31/12/2012	28/06/2013	12/07/2013	Dutch	PDF
Full model	31/12/2011	28/06/2012	10/07/2012	Dutch	PDF
Full model	31/12/2010	28/06/2011	03/10/2011	Dutch	PDF
Full model	31/12/2009	25/06/2010	28/06/2010	Dutch	PDF
m120-f-p	31/12/2009	01/01/9999	03/08/2010	Dutch	PDF
Full model	31/12/2008	21/08/2009	19/11/2009	Dutch	PDF
Full model	31/12/2007	26/07/2009	19/11/2009	Dutch	PDF
Full modelCorrection	31/12/2006	08/06/2007	22/06/2009	Dutch	PDF

View all 25 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

more than 1.000 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 · 5 active · 12 ended

Active mandates

RODERICK DUCHATELET

Director · since 22 août 2025 · until 05 novembre 2025

Active

ROLAND DUCHATELET

Director · since 22 août 2025 · until 16 mai 2031

Active

KATRIEN MEIRE

Director · since 15 mars 2022 · until 15 mars 2028

Active

LAURA DUCHATELET

Director · since 15 mars 2022 · until 15 mars 2028

Active

LIEVEN DE TURCK

Director · since 15 mars 2022 · until 15 mars 2028

Active

Ended mandates

RODERICK DUCHATELET

Director · since 28 juin 2019 · until 16 mai 2025

Ended

RODERICK DUCHATELET

Director · since 28 juin 2019 · until 22 août 2025

Ended

ROLAND DUCHATELET

Director · since 28 juin 2019 · until 16 mai 2025

Ended

ROLAND DUCHATELET

Director · since 28 juin 2019 · until 22 août 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Registered office09/06/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates08/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/01/2017
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 2025253,7 M €↑
22/08/2025
reconductionRoderick Duchâtelet — bestuurder
22/08/2025
reconductionRoland Duchâtelet — gedelegeerd bestuurder
2024
Annual accounts 2024-64,7 M €↓
2023
Annual accounts 2023965,2 M €↑
2022
Annual accounts 202263,6 M €↑
09/11/2022
reconductionBDO Bedrijfsrevisoren Burg.Ven. CVBA — commissaris
2021
Annual accounts 202129 M €↑
2020
Annual accounts 202019,3 M €↑
2019
Annual accounts 201911,2 M €↓
2018
Annual accounts 201819,4 M €↓
2017
Annual accounts 201719,5 M €↓
2016
Annual accounts 201620,1 M €↑
2015
Annual accounts 2015-4,5 M €↓
2014
Annual accounts 201410,7 M €↑
2013
Annual accounts 2013-4,7 M €↑
2012
Annual accounts 2012-15,3 M €↓
2011
Annual accounts 2011173,7 M €↑
2010
Annual accounts 201021,7 M €↑
2008
Annual accounts 2008-44,8 M €
30/12/1980
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

ELEX

Overview

What does ELEX 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