ACTIVE

VALERN

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Financial year 2025 · Closed on 31/12/2025

Net result536,4 k €-6,9 %over 1 year

Gross margin410,6 k €+49,0 %over 1 year

Equity8,5 M €-5,2 %over 1 year

Workforce2,0 ETP+53,8 %over 1 year

Identity

Source · BCE/KBO

VALERN is a Public limited company incorporated in 1987. Its main activity is: Management of real estate on a fee or contract basis. Its registered office is in Amel. It employs on average 2,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0432.445.202
Incorporation: 05/11/1987
Legal form: Public limited company
Registered office: Heppenbach,Lehmkaul 41
4770 Amel · Wallonie
Contributed capital: 991 574,13 €
Latest accounts: 31/12/2025
Average workforce: 2,0 ETP

Activities (NACE)

68321Management of real estate on a fee or contract basis· main 68321Management of real estate on a fee or contract basis 70100Activities of head offices 70100Activities of head offices 68100Buying and selling of own real estate 68110Buying and selling of own real estate+4

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	410,6 k €	+49.0%	275,5 k €	+116%	127,6 k €	-47.1%	241,2 k €	-10.1%	268,2 k €
EBITDA	240,9 k €	+79.4%	134,3 k €	+761%	-20,3 k €	-115%	136,1 k €	-25.4%	182,6 k €
Operating result	239,8 k €	+87.4%	128 k €	+580%	-26,7 k €	-121%	129,8 k €	-26.3%	176,2 k €
Net result	536,4 k €	-6.9%	576,2 k €	-56.1%	1,3 M €	-62.3%	3,5 M €	+5912%	57,9 k €
Balance sheet
Equity	8,5 M €	-5.2%	9 M €	-1.4%	9,1 M €	+3.6%	8,8 M €	+39.3%	6,3 M €
Total assets	9,9 M €	-1.8%	10,1 M €	-4.1%	10,6 M €	+2.8%	10,3 M €	+16.5%	8,8 M €
Cash	596,1 k €	+414%	115,9 k €	-27.3%	159,3 k €	-85.6%	1,1 M €	-5.1%	1,2 M €
Debts	1 M €	+41.4%	729,7 k €	-28.6%	1 M €	+0.3%	1 M €	-49.7%	2 M €
Other
Workforce	2,0 ETP	+53.8%	1,3 ETP	+30.0%	1,0 ETP	-44.4%	1,8 ETP	+50.0%	1,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
3L-SEN INVEST0769.871.281Represented by Michael ELSEN	Director30/06/2021 → 25/06/2027
EE-INVEST0769.871.083Represented by Eric ELSEN	Director30/06/2021 → 25/06/2027
ELJU INVEST0769.870.885Represented by Julian ELSEN	Director30/06/2021 → 25/06/2027
EMA-INVEST0769.870.984Represented by Markus Elsen	Director30/06/2021 → 25/06/2027
GEMI INVEST0769.871.182Represented by Gert ELSEN	Director30/06/2021 → 25/06/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Eric ELSEN	Managing director03/05/2016 → 2020 accounts
Gert ELSEN	Chairman of the board of directors03/05/2016 → 2020 accounts
Herbert ELSEN	Director03/05/2016 → 2020 accounts
Julian ELSEN	Director03/05/2016 → 2020 accounts

Other companies at this address

Heppenbach,Lehmkaul 41 4770 Amel

Company	CBE no.
Arbeitsgemeinschaft Elsen-Trageco● Active	0763.527.283
ELSEN● Active	0407.924.986
ELS INVEST● Active	0770.270.961
Société momentanée ELSEN-CONVENTS● Active	0782.336.474

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	15/07/2026	07/07/2025	01/07/2024	07/08/2023	09/08/2022	26/08/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	04/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	15/07/2026	German	PDF
Abridged model	31/12/2024	27/06/2025	07/07/2025	German	PDF
Abridged model	31/12/2023	28/06/2024	01/07/2024	German	PDF
Abridged model	31/12/2022	30/06/2023	07/08/2023	German	PDF
Abridged model	31/12/2021	24/06/2022	09/08/2022	German	PDF
Abridged model	31/12/2020	04/05/2021	26/08/2021	German	PDF
Abridged model	31/12/2019	05/05/2020	20/08/2020	German	PDF
Abridged model	31/12/2018	07/05/2019	22/08/2019	German	PDF
Abridged model	31/12/2017	02/05/2018	02/08/2018	German	PDF
Abridged model	31/12/2016	02/05/2017	21/08/2017	German	PDF
Abridged model	31/12/2015	03/05/2016	27/07/2016	German	PDF
Abridged model	31/12/2014	05/05/2015	05/08/2015	French	PDF
Abridged model	31/12/2013	06/05/2014	06/08/2014	French	PDF
Abridged model	31/12/2012	07/05/2013	28/08/2013	French	PDF
Abridged model	31/12/2011	02/05/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	03/05/2011	23/08/2011	German	PDF
Abridged model	31/12/2009	04/05/2010	07/07/2010	German	PDF
Abridged model	31/12/2008	05/05/2009	05/05/2009	German	PDF
Abridged model	31/12/2007	06/05/2008	30/06/2008	German	PDF
Abridged model	31/12/2006	02/05/2007	28/08/2007	German	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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

5 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
3L-SEN INVEST0769.871.281Represented by Michael ELSEN	Director30/06/2021 → 25/06/2027
EE-INVEST0769.871.083Represented by Eric ELSEN	Director30/06/2021 → 25/06/2027
ELJU INVEST0769.870.885Represented by Julian ELSEN	Director30/06/2021 → 25/06/2027
EMA-INVEST0769.870.984Represented by Markus Elsen	Director30/06/2021 → 25/06/2027
GEMI INVEST0769.871.182Represented by Gert ELSEN	Director30/06/2021 → 25/06/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Eric ELSEN	Managing director03/05/2016 → 2020 accounts
Gert ELSEN	Chairman of the board of directors03/05/2016 → 2020 accounts
Herbert ELSEN	Director03/05/2016 → 2020 accounts
Julian ELSEN	Director03/05/2016 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates16/07/2021
ENTLASSUNG - ERNENNUNG - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Mandates13/12/2016
ENTLASSUNG - ERNENNUNG
PDF
Mandates16/07/2015
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - DIVERS
PDF
Other22/02/2012
VERSCHIEDENES
PDF
Mandates06/07/2011
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares29/06/2009
ASSEMBLEE GENERALE EXTRAORDINAIRE - REDUCTION DE CAPITAL -
PDF
Registered office24/05/2006
Transfert du siège social
PDF
Other21/02/2006
Rectification
PDF

Similar companies

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

Filings20 filings

Mandates

ELJU INVEST

EMA-INVEST

EE-INVEST

GEMI INVEST

3L-SEN INVEST

Gert ELSEN

Eric ELSEN

Julian ELSEN

Michael ELSEN

Markus ELSEN

Herbert ELSEN

Richard ELSEN

Show the other mandate

19871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027

VALERN

Heppenbach,Lehmkaul 41, 4770 Amblève

Director

Chairman of the board of directors

Managing directorDirector

Director

Managing director

Director

Chairman of the board of directorsManaging director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Heppenbach,Lehmkaul 41, 4770 AmblèveCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00295556

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
VALERNCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00295556

Events

2025
Annual accounts 2025536,4 k €↓
2024
Annual accounts 2024576,2 k €↓
2023
Annual accounts 20231,3 M €↓
2022
Annual accounts 20223,5 M €↑
2021
Annual accounts 202157,9 k €↓
2020
Annual accounts 2020659,1 k €↓
2019
Annual accounts 20192,4 M €↑
2018
Annual accounts 2018317,4 k €↓
2017
Annual accounts 2017377,9 k €↓
2016
Annual accounts 20161 M €↑
2015
Annual accounts 2015195,8 k €↓
2014
Annual accounts 2014236,7 k €↓
2013
Annual accounts 2013300,3 k €↓
2012
Annual accounts 2012501,2 k €↑
2011
Annual accounts 2011241,8 k €↑
2010
Annual accounts 2010175,8 k €↑
2009
Annual accounts 200965,6 k €↓
2008
Annual accounts 2008197,4 k €↓
2007
Annual accounts 2007198,9 k €↑
2006
Annual accounts 200698,2 k €
05/11/1987
IncorporationPublic limited company

VALERN

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