ACTIVE

E.L.O.R.G.

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Financial year 2025 · closed on 31/12/2025

Net result

74,3 k €

-22.6% YoY

Gross margin

230,5 k €

-10.7% YoY

Equity

721,3 k €

+9.3% YoY

Workforce

1,0 ETP

0.0% YoY

What does E.L.O.R.G. do?

E.L.O.R.G. is a Public limited company incorporated in 1988. Its registered office is in Orp-Jauche. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.849.614

Incorporation

25/07/1988

Legal form

Public limited company

Registered office

Rue Jules Hagnoul(O) 33
1350 Orp-Jauche · WallonieSee on map

Contributed capital

375 701,34 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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
Gross margin	230,5 k €	-10.7%	258,1 k €	+54.0%	167,6 k €	-9.4%	185 k €	-45.2%	337,9 k €	+56.0%	216,6 k €	+29.9%	166,7 k €	+6.8%	156,1 k €	+8.0%	144,6 k €	+38.8%	104,2 k €	+17.4%	88,7 k €	+49.6%	59,3 k €	+39.9%	42,4 k €	-70.6%	144,2 k €	+48.4%	97,2 k €	-22.9%	126 k €	-20.5%	158,6 k €	-12.1%	180,5 k €	+166%	67,8 k €	-17.5%	82,1 k €
EBITDA	124,1 k €	-22.2%	159,4 k €	+14.8%	138,9 k €	+27.4%	109 k €	-1.2%	110,3 k €	-22.8%	142,8 k €	+58.4%	90,2 k €	+16.8%	77,2 k €	+7.5%	71,9 k €	+101%	35,7 k €	+60.9%	22,2 k €	+301%	-11 k €	+58.6%	-26,7 k €	-136%	73,2 k €	+137%	30,9 k €	-47.0%	58,2 k €	-4.5%	61 k €	+89.5%	32,2 k €	-30.9%	46,6 k €	-18.9%	57,4 k €
Operating result	96,8 k €	-27.0%	132,6 k €	+16.9%	113,5 k €	+32.8%	85,5 k €	-63.5%	234 k €	+93.2%	121,1 k €	+92.7%	62,9 k €	+35.2%	46,5 k €	+34.8%	34,5 k €	+3173%	-1,1 k €	+90.2%	-11,4 k €	+74.0%	-43,9 k €	+27.3%	-60,4 k €	-230%	46,3 k €	+410%	9,1 k €	-72.3%	32,9 k €	-25.6%	44,2 k €	+130%	19,2 k €	-30.7%	27,7 k €	-27.7%	38,3 k €
Net result	74,3 k €	-22.6%	95,9 k €	+31.9%	72,7 k €	+42.8%	50,9 k €	-66.9%	153,6 k €	+93.2%	79,5 k €	+59.9%	49,7 k €	+33.9%	37,1 k €	+49.4%	24,9 k €	+165%	-38,4 k €	-184%	-13,5 k €	+70.1%	-45,2 k €	+10.8%	-50,7 k €	-278%	28,5 k €	+93.6%	14,7 k €	-44.5%	26,5 k €	-39.3%	43,7 k €	+125%	19,4 k €	-78.0%	88 k €	-15.7%	104,4 k €
Balance sheet
Equity	721,3 k €	+9.3%	660,2 k €	+11.1%	594,2 k €	+8.7%	546,5 k €	+5.0%	520,6 k €	+31.1%	397 k €	+16.9%	339,5 k €	+14.2%	297,3 k €	+14.3%	260,1 k €	+10.6%	235,3 k €	-14.0%	273,7 k €	-4.7%	287,2 k €	-13.6%	332,4 k €	-25.4%	445,8 k €	+3.4%	431,3 k €	+3.5%	416,6 k €	-0.8%	420,1 k €	+9.8%	382,7 k €	+3.6%	369,6 k €	+20.3%	307,2 k €
Total assets	779 k €	-2.8%	801,3 k €	+8.6%	737,8 k €	+3.1%	715,7 k €	-14.0%	832,5 k €	+1.7%	818,4 k €	+9.8%	745,3 k €	+6.4%	700,4 k €	+2.2%	685,2 k €	+3.4%	662,6 k €	+7.4%	616,8 k €	+24.5%	495,2 k €	-7.2%	533,4 k €	-17.1%	643,5 k €	+6.6%	603,4 k €	-6.3%	643,9 k €	+9.6%	587,3 k €	+16.4%	504,4 k €	+30.2%	387,3 k €	+18.8%	325,9 k €
Cash	402,7 k €	+108%	194 k €	+181%	69,1 k €	+151%	27,6 k €	-90.2%	280,6 k €	+7.1%	262 k €	+127%	115,3 k €	+59.5%	72,3 k €	+88.5%	38,4 k €	+34.2%	28,6 k €	-81.8%	157,1 k €	+1893%	7,9 k €	-93.7%	124,8 k €	+134%	53,4 k €	+40.0%	38,1 k €	+10.7%	34,5 k €	-90.1%	347,5 k €	+56.5%	222,1 k €	+4642%	4,7 k €	-94.6%	86,6 k €
Debts	55,5 k €	-60.0%	138,9 k €	-1.9%	141,6 k €	-15.3%	167,2 k €	-46.1%	310 k €	+14.6%	270,5 k €	+6.1%	254,9 k €	+1.1%	252,3 k €	-8.6%	276,1 k €	-0.6%	277,7 k €	+44.0%	192,8 k €	+234%	57,8 k €	+11.0%	52 k €	+6.9%	48,7 k €	+111%	23,1 k €	-70.5%	78,3 k €	+331%	18,2 k €	+55.1%	11,7 k €	-33.9%	17,7 k €	-5.6%	18,8 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	+233%	0,3 ETP	-70.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-9.1%	1,1 ETP	+10.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-9.1%	1,1 ETP	-8.3%	1,2 ETP	+20.0%	1,0 ETP	+66.7%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 16 ended

Active mandates

LOUIS RAOUL T SERSTEVENS

Managing director · since 02 mai 2022 · until 01 mai 2028

Active

MARIE THYS

Director · since 02 mai 2022 · until 01 mai 2028

Active

OLIVIER T SERSTEVENS

Director · since 02 mai 2022 · until 01 mai 2028

Active

Ended mandates

MARIE THYS

Managing director · since 09 septembre 2020 · until 02 mai 2022

Ended

MARIE THIJS

Director · since 16 mai 2005 · until 30 juin 2011

Ended

OLIVIER T SERSTEVENS

Director · since 16 mai 2005 · until 30 juin 2011

Ended

RAOUL T SERSTEVENS

Managing director · since 16 mai 2005 · until 30 juin 2011

Ended

Annual accounts

Full financial information

	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	01/06/2026	27/06/2025	28/06/2024	28/06/2023	21/06/2022	24/06/2021
General meeting	04/05/2026	05/05/2025	06/05/2024	01/05/2023	02/05/2022	03/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/05/2026	01/06/2026	French	PDF
Abridged model	31/12/2024	05/05/2025	27/06/2025	French	PDF
Abridged model	31/12/2023	06/05/2024	28/06/2024	French	PDF
Abridged model	31/12/2022	01/05/2023	28/06/2023	French	PDF
Abridged model	31/12/2021	02/05/2022	21/06/2022	French	PDF
Abridged model	31/12/2020	03/05/2021	24/06/2021	French	PDF
Abridged model	31/12/2019	04/05/2020	25/06/2020	French	PDF
Abridged model	31/12/2018	06/05/2019	28/06/2019	French	PDF
Abridged model	31/12/2017	07/05/2018	27/06/2018	French	PDF
Abridged model	31/12/2016	01/05/2017	28/07/2017	French	PDF
Abridged model	31/12/2015	02/05/2016	29/06/2016	French	PDF
Abridged model	31/12/2014	04/05/2015	28/07/2015	French	PDF
Abridged model	31/12/2013	05/05/2014	27/07/2014	French	PDF
Abridged model	31/12/2012	06/05/2013	14/07/2013	French	PDF
Abridged model	31/12/2011	07/05/2012	28/06/2012	French	PDF
Abridged model	31/12/2010	02/05/2011	30/06/2011	French	PDF
Abridged model	31/12/2009	07/06/2010	22/06/2010	French	PDF
Abridged model	31/12/2008	06/06/2009	17/06/2009	French	PDF
Abridged model	31/12/2007	06/06/2008	25/06/2008	French	PDF
Abridged model	31/12/2006	06/06/2007	14/06/2007	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 16 ended

Active mandates

LOUIS RAOUL T SERSTEVENS

Managing director · since 02 mai 2022 · until 01 mai 2028

Active

MARIE THYS

Director · since 02 mai 2022 · until 01 mai 2028

Active

OLIVIER T SERSTEVENS

Director · since 02 mai 2022 · until 01 mai 2028

Active

Ended mandates

MARIE THYS

Managing director · since 09 septembre 2020 · until 02 mai 2022

Ended

MARIE THIJS

Director · since 16 mai 2005 · until 30 juin 2011

Ended

OLIVIER T SERSTEVENS

Director · since 16 mai 2005 · until 30 juin 2011

Ended

RAOUL T SERSTEVENS

Managing director · since 16 mai 2005 · until 30 juin 2011

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares20/05/2026
CAPITAL, ACTIONS
PDF
Other09/01/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
PDF
Mandates25/07/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates06/10/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates16/06/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates12/07/2016
DEMISSIONS, NOMINATIONS
PDF
Capital / shares21/01/2014
CAPITAL, ACTIONS
PDF
Mandates26/10/2010
OBJET - 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 202574,3 k €↓
2024
Annual accounts 202495,9 k €↑
2023
Annual accounts 202372,7 k €↑
2022
Annual accounts 202250,9 k €↓
2021
Annual accounts 2021153,6 k €↑
2020
Annual accounts 202079,5 k €↑
2019
Annual accounts 201949,7 k €↑
2018
Annual accounts 201837,1 k €↑
2017
Annual accounts 201724,9 k €↑
2016
Annual accounts 2016-38,4 k €↓
2015
Annual accounts 2015-13,5 k €↑
2014
Annual accounts 2014-45,2 k €↑
2013
Annual accounts 2013-50,7 k €↓
2012
Annual accounts 201228,5 k €↑
2011
Annual accounts 201114,7 k €↓
2010
Annual accounts 201026,5 k €↓
2009
Annual accounts 200943,7 k €↑
2008
Annual accounts 200819,4 k €↓
2007
Annual accounts 200788 k €↓
2006
Annual accounts 2006104,4 k €
25/07/1988
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

E.L.O.R.G.

Overview

What does E.L.O.R.G. do?

Trend over 20 financial years

Indicative valuation

Board of directors

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