ACTIVE

ELSCOLAB

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Financial year 2025 · closed on 31/12/2025

Net result

1,1 M €

-33.9% YoY

Revenue

16,3 M €

-4.4% YoY

Equity

6,9 M €

+2.2% YoY

Workforce

34,1 ETP

+2.1% YoY

What does ELSCOLAB do?

ELSCOLAB is a Public limited company incorporated in 1981. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Beveren-Kruibeke-Zwijndrecht. It employs on average 34,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.938.518

Incorporation

12/10/1981

Legal form

Public limited company

Registered office

Hogenakkerhoekstraat 14
9150 Beveren-Kruibeke-Zwijndrecht · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

34,1 ETP

Activities (NACE)

46460Wholesale of pharmaceutical goods· main 46460Wholesale of pharmaceutical goods 46646Wholesale of machinery for the textile industry and of sewing and knitting machines 46696Wholesale of other machinery and equipment 51460Air transport

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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
Revenue	16,3 M €	-4.4%	17 M €	-9.8%	18,9 M €	+9.7%	17,2 M €	+5.4%	16,3 M €	+4.5%	15,6 M €	+9.2%	14,3 M €	+8.2%	13,2 M €	+1.7%	13 M €	+12.1%	11,6 M €	+7.7%	10,8 M €	+7.0%	10,1 M €	-7.5%	10,9 M €	-0.6%	10,9 M €	+8.6%	10,1 M €	+10.6%	9,1 M €	+12.5%	8,1 M €	-3.0%	8,3 M €	+4.7%	8 M €	+0.4%	7,9 M €
EBITDA	1,6 M €	-17.1%	2 M €	-23.5%	2,6 M €	+19.6%	2,2 M €	-14.7%	2,5 M €	+12.8%	2,3 M €	+2.3%	2,2 M €	+11.7%	2 M €	+13.8%	1,7 M €	+16.3%	1,5 M €	+21.1%	1,2 M €	+31.5%	934,9 k €	-16.7%	1,1 M €	-4.6%	1,2 M €	+45.9%	806 k €	-5.7%	854,7 k €	+18.6%	720,5 k €	-25.4%	966,4 k €	-1.4%	979,6 k €	-9.8%	1,1 M €
Operating result	1,4 M €	-21.8%	1,7 M €	-26.0%	2,3 M €	+21.2%	1,9 M €	-18.1%	2,4 M €	+13.1%	2,1 M €	+1.9%	2 M €	+12.0%	1,8 M €	+8.2%	1,7 M €	+31.0%	1,3 M €	+23.4%	1 M €	+49.2%	699,2 k €	-25.6%	940,2 k €	+2.0%	921,9 k €	+49.7%	615,7 k €	-6.9%	661,3 k €	+23.7%	534,4 k €	-37.7%	857,2 k €	+0.2%	855,4 k €	-9.8%	948,4 k €
Net result	1,1 M €	-33.9%	1,7 M €	-26.2%	2,3 M €	+53.9%	1,5 M €	-23.4%	1,9 M €	+13.3%	1,7 M €	+7.5%	1,6 M €	+13.6%	1,4 M €	+10.2%	1,3 M €	+35.6%	924,7 k €	+29.6%	713,7 k €	+27.7%	558,8 k €	-13.0%	642,2 k €	+16.5%	551,3 k €	+37.5%	400,9 k €	+2.0%	393,2 k €	+12.4%	349,9 k €	-36.8%	553,7 k €	-7.6%	599,2 k €	-6.8%	643,3 k €
Balance sheet
Equity	6,9 M €	+2.2%	6,7 M €	+5.7%	6,4 M €	+12.4%	5,7 M €	+8.7%	5,2 M €	+15.9%	4,5 M €	+13.0%	4 M €	+24.3%	3,2 M €	+4.3%	3,1 M €	+9.1%	2,8 M €	+0.9%	2,8 M €	+1.9%	2,7 M €	-3.6%	2,8 M €	+11.0%	2,6 M €	+12.4%	2,3 M €	+10.8%	2,1 M €	+1.6%	2 M €	+2.5%	2 M €	+5.6%	1,9 M €	+5.4%	1,8 M €
Total assets	10,3 M €	+0.3%	10,3 M €	-1.3%	10,4 M €	-0.1%	10,4 M €	+17.8%	8,8 M €	+14.4%	7,7 M €	+17.6%	6,6 M €	+7.3%	6,1 M €	+7.1%	5,7 M €	+1.3%	5,6 M €	+16.8%	4,8 M €	+1.2%	4,8 M €	+1.2%	4,7 M €	-3.5%	4,9 M €	-8.8%	5,4 M €	+38.6%	3,9 M €	+9.1%	3,5 M €	-5.2%	3,7 M €	+11.5%	3,3 M €	+5.0%	3,2 M €
Cash	2,8 M €	+42.8%	2 M €	-28.0%	2,7 M €	+118%	1,2 M €	-16.2%	1,5 M €	-19.7%	1,8 M €	+109%	883,7 k €	-47.0%	1,7 M €	+78.5%	933,4 k €	+10.2%	846,8 k €	-13.7%	981,3 k €	+80.1%	545 k €	-13.5%	630,3 k €	+48.5%	424,4 k €	+301%	105,8 k €	-73.1%	392,9 k €	+60.6%	244,6 k €	-30.8%	353,5 k €	+8.2%	326,6 k €	+123%	146,2 k €
Debts	3,3 M €	-3.3%	3,4 M €	-12.7%	3,9 M €	-15.6%	4,6 M €	+31.5%	3,5 M €	+12.4%	3,1 M €	+25.6%	2,5 M €	-12.0%	2,8 M €	+10.1%	2,5 M €	-6.9%	2,7 M €	+40.5%	1,9 M €	+0.1%	1,9 M €	+9.2%	1,8 M €	-19.7%	2,2 M €	-26.2%	3 M €	+73.2%	1,7 M €	+19.0%	1,5 M €	-13.9%	1,7 M €	+19.0%	1,4 M €	+4.8%	1,4 M €
Other
Workforce	34,1 ETP	+2.1%	33,4 ETP	+3.7%	32,2 ETP	+7.7%	29,9 ETP	-2.9%	30,8 ETP	+3.4%	29,8 ETP	+9.2%	27,3 ETP	+1.1%	27,0 ETP	-5.3%	28,5 ETP	+8.8%	26,2 ETP	+2.7%	25,5 ETP	-3.4%	26,4 ETP	+1.1%	26,1 ETP	+3.2%	25,3 ETP	+4.1%	24,3 ETP	+2.5%	23,7 ETP	+4.9%	22,6 ETP	+0.9%	22,4 ETP	-1.8%	22,8 ETP	-4.6%	23,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 30 ended

Active mandates

Adriaenssens & CO

Managing director · since 13 juin 2020 · until 23 mai 2026 · 0466.336.507

Represented by Maurits Adriaenssens

Active

Bert Adriaenssens

Director · since 13 juin 2020 · until 23 mai 2026

Active

Tom Adriaenssens

Director · since 13 juin 2020 · until 23 mai 2026

Active

Ended mandates

Adriaenssens & CO

Managing director · since 13 juin 2020 · until 16 mai 2026 · 0466.336.507

Represented by Maurits Adriaenssens

Ended

Adriaenssens & CO

Managing director · since 13 juin 2020 · until 16 mai 2026 · 0466.336.507

Represented by Maurits Adriaenssens

Ended

Adriaenssens & CO

Managing director · since 13 juin 2020 · until 16 mai 2026 · 0466.336.507

Represented by Maurits Adriaenssens

Ended

Bert Adriaenssens

Director · since 13 juin 2020 · until 16 mai 2026

Ended

At this address

Other companies at this address

Company	CBE no.
Adriaenssens & CO● Active	0466.336.507
ADRIAENSSENS MAURITS● Active	0426.807.720
HELLMA BENELUX● Active	0879.748.329
HOGEN AKKER● Active	0890.421.891

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	24/06/2026	16/06/2025	03/06/2024	14/06/2023	01/06/2022	08/06/2021
General meeting	23/05/2026	17/05/2025	25/05/2024	27/05/2023	21/05/2022	22/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	23/05/2026	24/06/2026	Dutch	PDF
Full model	31/12/2024	17/05/2025	16/06/2025	Dutch	PDF
Full model	31/12/2023	25/05/2024	03/06/2024	Dutch	PDF
Full model	31/12/2022	27/05/2023	14/06/2023	Dutch	PDF
Full model	31/12/2021	21/05/2022	01/06/2022	Dutch	PDF
Full model	31/12/2020	22/05/2021	08/06/2021	Dutch	PDF
Full model	31/12/2019	13/06/2020	30/06/2020	Dutch	PDF
Full model	31/12/2018	18/05/2019	28/05/2019	Dutch	PDF
Full model	31/12/2017	19/05/2018	22/05/2018	Dutch	PDF
Full model	31/12/2016	20/05/2017	14/07/2017	Dutch	PDF
Full model	31/12/2015	21/05/2016	01/06/2016	Dutch	PDF
Full model	31/12/2014	23/05/2015	04/06/2015	Dutch	PDF
Full model	31/12/2013	17/05/2014	17/06/2014	Dutch	PDF
Full modelCorrection	31/12/2012	25/05/2013	10/12/2013	Dutch	PDF
Full model	31/12/2012	25/05/2013	13/06/2013	Dutch	PDF
Full model	31/12/2011	26/05/2012	07/06/2012	Dutch	PDF
Full model	31/12/2010	21/05/2011	07/06/2011	Dutch	PDF
Full model	31/12/2009	08/05/2010	01/06/2010	Dutch	PDF
Full model	31/12/2008	16/05/2009	03/06/2009	Dutch	PDF
Full model	31/12/2007	17/05/2008	20/05/2008	Dutch	PDF
Full model	31/12/2006	12/05/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 3 active · 30 ended

Active mandates

Adriaenssens & CO

Managing director · since 13 juin 2020 · until 23 mai 2026 · 0466.336.507

Represented by Maurits Adriaenssens

Active

Bert Adriaenssens

Director · since 13 juin 2020 · until 23 mai 2026

Active

Tom Adriaenssens

Director · since 13 juin 2020 · until 23 mai 2026

Active

Ended mandates

Adriaenssens & CO

Managing director · since 13 juin 2020 · until 16 mai 2026 · 0466.336.507

Represented by Maurits Adriaenssens

Ended

Adriaenssens & CO

Managing director · since 13 juin 2020 · until 16 mai 2026 · 0466.336.507

Represented by Maurits Adriaenssens

Ended

Adriaenssens & CO

Managing director · since 13 juin 2020 · until 16 mai 2026 · 0466.336.507

Represented by Maurits Adriaenssens

Ended

Bert Adriaenssens

Director · since 13 juin 2020 · until 16 mai 2026

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/10/2020
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 20251,1 M €↓
2024
Annual accounts 20241,7 M €↓
2023
Annual accounts 20232,3 M €↑
2022
Annual accounts 20221,5 M €↓
2021
Annual accounts 20211,9 M €↑
2020
Annual accounts 20201,7 M €↑
2019
Annual accounts 20191,6 M €↑
2018
Annual accounts 20181,4 M €↑
2017
Annual accounts 20171,3 M €↑
2016
Annual accounts 2016924,7 k €↑
2015
Annual accounts 2015713,7 k €↑
2014
Annual accounts 2014558,8 k €↓
2013
Annual accounts 2013642,2 k €↑
2012
Annual accounts 2012551,3 k €↑
2011
Annual accounts 2011400,9 k €↑
2010
Annual accounts 2010393,2 k €↑
2009
Annual accounts 2009349,9 k €↓
2008
Annual accounts 2008553,7 k €↓
2007
Annual accounts 2007599,2 k €↓
2006
Annual accounts 2006643,3 k €
12/10/1981
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

ELSCOLAB

Overview

What does ELSCOLAB 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