ACTIVE

Elaboration de Système

Financial year 2025 · Closed on 31/12/2025

Net result542,8 k €+34,8 %over 1 year

Gross margin980,4 k €+33,5 %over 1 year

Equity2,9 M €+23,4 %over 1 year

Identity

Source · BCE/KBO

Elaboration de Système is a Public limited company incorporated in 1990. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Sprimont.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0440.327.441
Incorporation: 01/05/1990
Legal form: Public limited company
Registered office: Rue de Theux(LVG) 65
4141 Sprimont · WallonieSee on map
Contributed capital: 62 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 74203Photographic activities 47400Retail sale of information and communication equipment in specialised stores 47410Retail sale of computers, peripheral units and software in specialised stores 47420Retail sale of telecommunications equipment in specialised stores+4

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	980,4 k €	+33.5%	734,2 k €	-18.6%	901,6 k €	+98.2%	454,9 k €	+17.8%	386 k €
EBITDA	930,9 k €	+35.7%	685,8 k €	-15.2%	808,8 k €	+98.6%	407,3 k €	+14.5%	355,8 k €
Operating result	786,3 k €	+36.2%	577,5 k €	-22.2%	742,5 k €	+117%	341,4 k €	+15.7%	295,2 k €
Net result	542,8 k €	+34.8%	402,5 k €	-22.9%	522,3 k €	+130%	227,1 k €	+14.8%	197,9 k €
Balance sheet
Equity	2,9 M €	+23.4%	2,3 M €	+21.0%	1,9 M €	+55.6%	1,2 M €	+22.6%	1 M €
Total assets	4,4 M €	+46.4%	3 M €	+14.5%	2,6 M €	+41.8%	1,8 M €	-3.0%	1,9 M €
Cash	39,2 k €	-64.7%	111,1 k €	+287%	28,7 k €	+14.1%	25,2 k €	-92.3%	325,1 k €
Debts	1,5 M €	+127%	656,3 k €	-4.0%	683,3 k €	+13.6%	601,6 k €	-32.1%	885,8 k €

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

1 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Graziella CALAFATO	Directorsince 28/03/2024Managing director28/11/2013 → 21/05/2019ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Didier Pietteur	Managing director25/05/2020 → 2022 accounts
IMMONGENA0452.619.222Represented by Didier Pietteur	Director21/05/2013 → 21/05/2019
Maria Angelica SOLIS CARBAJAL	Managing director21/05/2013 → 28/11/2013

Other companies at this address

Rue de Theux(LVG) 65 4141 Sprimont

Company	CBE no.
LA FERME DU BANNEWAY● Active	0563.508.533
LE HARAS DU BANNEWAY● Active	0738.662.522
SOCIETE DE COMMERCIALISATION ET PRODUCTION BELGE● Active	0833.547.625
ZONE SUD● Active	0872.092.752

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro 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	31/07/2026	31/07/2025	30/08/2024	31/08/2023	28/07/2022	29/07/2021
General meeting	30/06/2026	30/06/2025	05/06/2024	21/05/2023	15/05/2022	15/05/2021
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

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	31/07/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	31/07/2025	French	PDF
Abridged model	31/12/2023	05/06/2024	30/08/2024	French	PDF
Micro model	31/12/2022	21/05/2023	31/08/2023	French	PDF
Micro model	31/12/2021	15/05/2022	28/07/2022	French	PDF
Micro model	31/12/2020	15/05/2021	29/07/2021	French	PDF
Micro model	31/12/2019	20/05/2020	30/07/2020	French	PDF
Micro model	31/12/2018	12/06/2019	29/08/2019	French	PDF
Micro model	31/12/2017	07/06/2018	23/08/2018	French	PDF
Abridged model	31/12/2016	18/05/2017	24/08/2017	French	PDF
Abridged model	31/12/2015	18/05/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	18/05/2015	25/08/2015	French	PDF
Abridged model	31/12/2013	19/05/2014	27/08/2014	French	PDF
Abridged model	31/12/2012	21/05/2013	25/07/2013	French	PDF
Abridged model	31/12/2011	21/05/2012	22/08/2012	French	PDF
Abridged model	31/12/2010	16/05/2011	30/07/2011	French	PDF
Abridged model	31/12/2009	17/05/2010	29/08/2010	French	PDF
Abridged model	31/12/2008	18/05/2009	11/08/2009	French	PDF
Abridged model	31/12/2007	19/05/2008	26/08/2008	French	PDF
Abridged model	31/12/2006	21/05/2007	04/07/2007	French	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

1 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Graziella CALAFATO	Directorsince 28/03/2024Managing director28/11/2013 → 21/05/2019ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Didier Pietteur	Managing director25/05/2020 → 2022 accounts
IMMONGENA0452.619.222Represented by Didier Pietteur	Director21/05/2013 → 21/05/2019
Maria Angelica SOLIS CARBAJAL	Managing director21/05/2013 → 28/11/2013

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates18/04/2024
DEMISSIONS, NOMINATIONS
PDF
Registered office12/03/2024
SIEGE SOCIAL
PDF
Mandates17/12/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates06/07/2020
DEMISSIONS, NOMINATIONS
PDF
Other24/04/2019
OBJET
PDF
Mandates31/12/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates02/08/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates30/03/2011
DEMISSIONS, NOMINATIONS
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

Graziella CALAFATO

IMMONGENA

Didier Pietteur

Maria Angelica SOLIS CARBAJAL

Luc MALAISE

RAPHAEL JAMINON

1990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

Elaboration de Système

Rue de Theux(LVG) 65, 4141 Louveigné (Sprimont)Chaussée de Tongres 342, 4000 Liège

DirectorManaging director

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de Theux(LVG) 65, 4141 Louveigné (Sprimont)Current	accounts 2023 → 2025	Accounts 2025 · 2026-00384722
Chaussée de Tongres 342, 4000 Liège	accounts 2021 → 2022	Accounts 2022 · 2023-00424059

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Elaboration de SystèmeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00384722

Events

2025
Annual accounts 2025542,8 k €↑
2024
Annual accounts 2024402,5 k €↓
2023
Annual accounts 2023522,3 k €↑
2022
Annual accounts 2022227,1 k €↑
2021
Annual accounts 2021197,9 k €↑
2020
Annual accounts 2020145,6 k €↑
2019
Annual accounts 201938,8 k €↑
2018
Annual accounts 201819,8 k €↓
2017
Annual accounts 201768,2 k €↓
2016
Annual accounts 201677,4 k €↑
2015
Annual accounts 201561,7 k €↑
2014
Annual accounts 201436,4 k €↑
2013
Annual accounts 201333,8 k €↓
2012
Annual accounts 201241,7 k €↓
2011
Annual accounts 201193,1 k €↑
2010
Annual accounts 201011,6 k €↑
2009
Annual accounts 200911,3 k €↑
2008
Annual accounts 200811,1 k €↓
2007
Annual accounts 200763,5 k €↑
2006
Annual accounts 200621,1 k €
01/05/1990
IncorporationPublic limited company

Elaboration de Système

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