ACTIVE

ELCOM

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Financial year 2025 · closed on 30/09/2025
Net result
144,5 k €
+82.8% YoY
Gross margin
211,6 k €
+79.7% YoY
Equity
611,8 k €
+6.3% YoY

What does ELCOM do?

ELCOM is a Public limited company incorporated in 1989. Its main activity is: Agents involved in the sale of machinery, industrial equipment, ships and aircraft. Its registered office is in Aalst.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0437.703.788
Incorporation
31/05/1989
Legal form
Public limited company
Registered office
Populierestraat 62
9310 Aalst · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
30/09/2025
Activities (NACE)
46140Agents involved in the sale of machinery, industrial equipment, ships and aircraft· main46140Agents involved in the sale of machinery, industrial equipment, ships and aircraft09100Support activities for petroleum and natural gas extraction09100Support activities for petroleum and natural gas extraction51140Passenger air transport
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201520132012201020082007
Income statement
Gross margin211,6 k €117,8 k €16,1 k €159,1 k €140,7 k €273,2 k €210,4 k €254,1 k €68,1 k €415,3 k €2,3 M €1 M €793,6 k €1,1 M €814,6 k €266,8 k €
EBITDA211,1 k €117,6 k €15,8 k €158,4 k €140,4 k €273,1 k €206 k €245,3 k €43,5 k €410,9 k €2,3 M €1 M €788,9 k €1,1 M €699,3 k €174,6 k €
Operating result197,6 k €101,3 k €-446,8 €147,6 k €130,8 k €270,1 k €206 k €197,7 k €10,5 k €373,5 k €2,2 M €981,6 k €731 k €1 M €639,8 k €149,3 k €
Net result144,5 k €79,1 k €4,8 k €104,8 k €96,2 k €190,7 k €143,9 k €127 k €15,4 k €251 k €1,4 M €702,6 k €568,4 k €740,4 k €547,7 k €167,4 k €
Balance sheet
Equity611,8 k €575,4 k €496,3 k €491,6 k €436,7 k €390,2 k €249,5 k €319,5 k €217,5 k €202,1 k €329,8 k €707 k €671,1 k €1,3 M €1,3 M €1,1 M €
Total assets647,6 k €604,6 k €532,2 k €569 k €527,8 k €474,7 k €283,9 k €649,7 k €400,1 k €594,9 k €841,2 k €982,7 k €1,2 M €1,8 M €2,3 M €1,8 M €
Cash465,5 k €416,6 k €255,2 k €321,3 k €351 k €305,4 k €135,9 k €217,2 k €5,9 k €11,3 k €44,6 k €225,9 k €271,1 k €444,4 k €574,8 k €404,4 k €
Debts35,8 k €29,2 k €35,8 k €77,4 k €91 k €84,5 k €34,4 k €330,2 k €182,5 k €392,8 k €511,4 k €275,7 k €564,2 k €565,5 k €979,5 k €656,3 k €
Other
Workforce––––––––––––––1,0 ETP1,0 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 30/09/2025 · 2 active · 8 ended

Active mandates

Ann Vonck

Mandate

Active
Bart Keymeulen

Managing director

Active

Ended mandates

Antheunis Management

Director · since 19 mai 2008 · until 19 mai 2014

Ended
jean debetencourt

Director · since 19 mai 2008 · until 16 juin 2010

Ended
Michel Eloot

Managing director · since 19 mai 2008 · until 19 mai 2014

Ended
Antheunis Management

Director · 0896.404.516

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date25/05/202625/05/202529/04/202420/04/202327/04/202209/03/2021
General meeting22/05/202613/05/202524/04/202420/04/202304/04/202209/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202522/05/202625/05/2026DutchPDF
Abridged model30/09/202413/05/202525/05/2025DutchPDF
Abridged model30/09/202324/04/202429/04/2024DutchPDF
Abridged model30/09/202220/04/202320/04/2023DutchPDF
Abridged model30/09/202104/04/202227/04/2022DutchPDF
Abridged model30/09/202009/03/202109/03/2021DutchPDF
Abridged model30/09/201928/04/202005/06/2020DutchPDF
Abridged model30/09/201822/02/201903/07/2019DutchPDF
Abridged model31/03/201728/09/201707/03/2018DutchPDF
Abridged model31/03/201604/10/201627/11/2016DutchPDF
Abridged model31/03/201514/09/201530/11/2015DutchPDF
Abridged model30/06/201314/02/201427/02/2014DutchPDF
Abridged model30/06/201231/01/201328/02/2013DutchPDF
Abridged model30/06/201031/01/201122/02/2011DutchPDF
Abridged model31/12/200820/07/200920/08/2009DutchPDF
Abridged model30/06/200712/11/200730/11/2007DutchPDF
Abridged model30/06/200613/11/200630/04/2007DutchPDF
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 30/09/2025 · 2 active · 8 ended

Active mandates

Ann Vonck

Mandate

Active
Bart Keymeulen

Managing director

Active

Ended mandates

Antheunis Management

Director · since 19 mai 2008 · until 19 mai 2014

Ended
jean debetencourt

Director · since 19 mai 2008 · until 16 juin 2010

Ended
Michel Eloot

Managing director · since 19 mai 2008 · until 19 mai 2014

Ended
Antheunis Management

Director · 0896.404.516

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates09/02/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/03/2019
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring19/03/2019
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring15/01/2019
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates29/11/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other16/04/2018
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates06/02/2017
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/06/2014
    ONTSLAGEN - BENOEMINGEN - BOEKJAAR
    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

Timeline

  1. 2025
    Annual accounts 2025144,5 k €↑
  2. 2024
    Annual accounts 202479,1 k €↑
  3. 2023
    Annual accounts 20234,8 k €↓
  4. 2022
    Annual accounts 2022104,8 k €↑
  5. 2021
    Annual accounts 202196,2 k €↓
  6. 2020
    Annual accounts 2020190,7 k €↑
  7. 2019
    Annual accounts 2019143,9 k €↑
  8. 2018
    Annual accounts 2018127 k €↑
  9. 2017
    Annual accounts 201715,4 k €↓
  10. 2016
    Annual accounts 2016251 k €↓
  11. 2015
    Annual accounts 20151,4 M €↑
  12. 2013
    Annual accounts 2013702,6 k €↑
  13. 2012
    Annual accounts 2012568,4 k €↓
  14. 2010
    Annual accounts 2010740,4 k €↑
  15. 2008
    Annual accounts 2008547,7 k €↑
  16. 2007
    Annual accounts 2007167,4 k €
  17. 31/05/1989
    IncorporationPublic limited company