ACTIVE

ELIN

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Financial year 2025 · closed on 31/12/2025

Net result

-1,2 k €

-115.2% YoY

Gross margin

3,1 k €

+378.0% YoY

Equity

151,2 k €

-0.8% YoY

What does ELIN do?

ELIN is a Private limited company incorporated in 1988. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Herk-de-Stad.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0435.220.786

Incorporation

08/09/1988

Legal form

Private limited company

Registered office

Markt 18
3540 Herk-de-Stad · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Activities (NACE)

46460Wholesale of pharmaceutical goods· main 46460Wholesale of pharmaceutical goods 51460Air transport 47730Dispensing chemist in specialised stores 47730Dispensing chemist in specialised stores 52310Warehousing and support activities for transportation

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	3,1 k €	+378%	641,4 €	+56.8%	409,1 €	+109%	-4,5 k €	+90.3%	-46,3 k €	-178%	59,2 k €	+18.7%	49,9 k €	+72.5%	28,9 k €	+9.9%	26,3 k €	-27.2%	36,2 k €	+205%	11,9 k €	-66.8%	35,7 k €	-0.5%	35,9 k €	-38.6%	58,5 k €	-22.1%	75,1 k €	-13.7%	87 k €	-2.4%	89,1 k €	-25.4%	119,5 k €	+67.4%	71,4 k €
EBITDA	2,3 k €	+549%	-507,6 €	+5.1%	-534,8 €	+90.5%	-5,6 k €	+88.7%	-49,4 k €	-232%	37,4 k €	+135%	15,9 k €	-13.5%	18,4 k €	-26.0%	24,9 k €	-23.3%	32,4 k €	+265%	8,9 k €	-73.7%	33,7 k €	+6.8%	31,6 k €	-8.5%	34,5 k €	-1.7%	35,1 k €	-17.0%	42,3 k €	-21.2%	53,7 k €	-33.2%	80,5 k €	+96.9%	40,9 k €
Operating result	-587,3 €	+71.6%	-2,1 k €	-268%	-561,8 €	+90.0%	-5,6 k €	+88.7%	-49,4 k €	-232%	37,4 k €	+137%	15,8 k €	-13.6%	18,3 k €	-25.9%	24,7 k €	+177%	-31,9 k €	-476%	8,5 k €	-74.0%	32,6 k €	+7.1%	30,5 k €	-9.0%	33,5 k €	+24.8%	26,8 k €	-19.0%	33,1 k €	-32.1%	48,8 k €	-34.5%	74,6 k €	+135%	31,7 k €
Net result	-1,2 k €	-115%	7,7 k €	+2635%	282,4 €	+107%	-3,9 k €	+91.7%	-46,7 k €	-270%	27,5 k €	+125%	12,2 k €	-7.2%	13,2 k €	-50.9%	26,8 k €	+190%	-29,7 k €	-387939%	-7,7 €	-100%	22,3 k €	-12.9%	25,6 k €	+33.0%	19,3 k €	+19.6%	16,1 k €	-15.0%	19 k €	-35.0%	29,2 k €	-52.9%	61,9 k €	+215%	19,7 k €
Balance sheet
Equity	151,2 k €	-0.8%	152,3 k €	+5.3%	144,6 k €	+0.2%	144,3 k €	-2.6%	148,2 k €	-23.9%	194,9 k €	+16.4%	167,4 k €	+7.9%	155,2 k €	+9.3%	142 k €	+23.2%	115,3 k €	-20.5%	145 k €	-0.0%	145 k €	+0.2%	144,7 k €	+4.1%	139 k €	+16.1%	119,8 k €	+15.6%	103,6 k €	+22.4%	84,7 k €	+52.5%	55,5 k €	+967%	-6,4 k €
Total assets	181,1 k €	+8.3%	167,3 k €	+3.7%	161,4 k €	+9.9%	146,8 k €	-31.1%	213,1 k €	-15.6%	252,3 k €	+15.8%	217,9 k €	+8.4%	201 k €	+21.1%	165,9 k €	+17.4%	141,3 k €	-15.6%	167,5 k €	-5.2%	176,6 k €	-15.1%	208 k €	-0.4%	208,8 k €	-7.2%	224,9 k €	-21.1%	285,2 k €	+12.1%	254,4 k €	+44.2%	176,4 k €	-46.7%	330,9 k €
Cash	18,3 €	+24.5%	14,7 €	-98.6%	1 k €	+86.5%	543,3 €	-95.6%	12,3 k €	-72.3%	44,5 k €	+117%	20,5 k €	-8.3%	22,3 k €	-34.6%	34,1 k €	+97.8%	17,3 k €	-46.3%	32,1 k €	+57.5%	20,4 k €	-46.3%	38 k €	+5.9%	35,9 k €	+34.9%	26,6 k €	-3.9%	27,7 k €	-12.8%	31,7 k €	+16.8%	27,1 k €	+83.0%	14,8 k €
Debts	29,9 k €	+101%	14,9 k €	-10.5%	16,7 k €	+585%	2,4 k €	-96.2%	64,8 k €	+16.6%	55,6 k €	+14.9%	48,4 k €	+11.5%	43,4 k €	+81.7%	23,9 k €	-8.3%	26,1 k €	+16.7%	22,3 k €	-29.1%	31,5 k €	-45.3%	57,6 k €	-10.7%	64,5 k €	-36.2%	101,2 k €	-43.9%	180,3 k €	+6.4%	169,5 k €	+40.1%	120,9 k €	-64.0%	336,3 k €
Other
Workforce	–		–		–		–		–		0,2 ETP	-80.0%	1,0 ETP	+233%	0,3 ETP		–		0,1 ETP	-85.7%	0,7 ETP		–		0,1 ETP	-90.0%	1,0 ETP	-9.1%	1,1 ETP	0.0%	1,1 ETP	+10.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 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 31/12/2025 · 2 active · 3 ended

Active mandates

Sofie DE WAELE

Director

Active

Urbain DE WAELE

Director

Active

Ended mandates

Sofie De Waele

Manager · since 28 mars 2017

Ended

Sofie De Waele

Manager

Ended

Urbain De Waele

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
BM DE WAELE-BEUTELS● Active	0719.420.789
SOFIA COSMETICA● Active	0428.575.692
SOMABEU● Active	0806.050.006
URMALE● Active	0861.996.240

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	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	31/12/2025	31/12/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	15 months	12 months	12 months	12 months	12 months
Filing date	16/07/2026	09/07/2025	27/03/2024	28/04/2023	28/04/2022	26/03/2021
General meeting	15/05/2026	16/05/2025	16/02/2024	17/02/2023	18/02/2022	19/02/2021
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	15/05/2026	16/07/2026	Dutch	PDF
Abridged model	31/12/2024	16/05/2025	09/07/2025	Dutch	PDF
Abridged model	30/09/2023	16/02/2024	27/03/2024	Dutch	PDF
Abridged model	30/09/2022	17/02/2023	28/04/2023	Dutch	PDF
Abridged model	30/09/2021	18/02/2022	28/04/2022	Dutch	PDF
Abridged model	30/09/2020	19/02/2021	26/03/2021	Dutch	PDF
Abridged model	30/09/2019	21/02/2020	29/04/2020	Dutch	PDF
Abridged model	30/09/2018	15/02/2019	28/03/2019	Dutch	PDF
Abridged model	30/09/2017	16/02/2018	12/04/2018	Dutch	PDF
Abridged model	30/09/2016	17/02/2017	25/04/2017	Dutch	PDF
Abridged model	30/09/2015	19/02/2016	25/04/2016	Dutch	PDF
Abridged model	30/09/2014	20/02/2015	23/03/2015	Dutch	PDF
Abridged model	30/09/2013	21/02/2014	24/03/2014	Dutch	PDF
Abridged model	30/09/2012	15/02/2013	27/03/2013	Dutch	PDF
Abridged model	30/09/2011	17/02/2012	16/03/2012	Dutch	PDF
Abridged model	30/09/2010	18/02/2011	17/03/2011	Dutch	PDF
Abridged model	30/09/2009	19/02/2010	26/03/2010	Dutch	PDF
Abridged model	30/09/2008	20/02/2009	23/02/2009	Dutch	PDF
Abridged model	30/09/2007	15/02/2008	31/03/2008	Dutch	PDF
Abridged model	30/09/2006	16/03/2007	29/03/2007	Dutch	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 31/12/2025 · 2 active · 3 ended

Active mandates

Sofie DE WAELE

Director

Active

Urbain DE WAELE

Director

Active

Ended mandates

Sofie De Waele

Manager · since 28 mars 2017

Ended

Sofie De Waele

Manager

Ended

Urbain De Waele

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates10/05/2017
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 2025-1,2 k €↓
2024
Annual accounts 20247,7 k €↑
2023
Annual accounts 2023282,4 €↑
2022
Annual accounts 2022-3,9 k €↑
2021
Annual accounts 2021-46,7 k €↓
2020
Annual accounts 202027,5 k €↑
2019
Annual accounts 201912,2 k €↓
2018
Annual accounts 201813,2 k €↓
2017
Annual accounts 201726,8 k €↑
2016
Annual accounts 2016-29,7 k €↓
2015
Annual accounts 2015-7,7 €↓
2014
Annual accounts 201422,3 k €↓
2013
Annual accounts 201325,6 k €↑
2012
Annual accounts 201219,3 k €↑
2011
Annual accounts 201116,1 k €↓
2010
Annual accounts 201019 k €↓
2009
Annual accounts 200929,2 k €↓
2008
Annual accounts 200861,9 k €↑
2007
Annual accounts 200719,7 k €
08/09/1988
IncorporationPrivate 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

ELIN

Overview

What does ELIN do?

Trend over 19 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