ACTIVE

ELTEE CONSTRUCT

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Financial year 2025 · closed on 31/12/2025

Net result

11,3 k €

+23.4% YoY

Gross margin

34,1 k €

-2.3% YoY

Equity

123,2 k €

+6.6% YoY

What does ELTEE CONSTRUCT do?

ELTEE CONSTRUCT is a Private limited company incorporated in 1990. Its main activity is: Joinery installation. Its registered office is in Brugge.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.057.614

Incorporation

11/06/1990

Legal form

Private limited company

Registered office

Lange Molenstraat 49
8200 Brugge · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Activities (NACE)

43320Joinery installation· main 43320Joinery installation

Joint committees (1)

Signals

ProfitableSolid 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	34,1 k €	-2.3%	34,9 k €	+1.2%	34,4 k €	-9.3%	38,0 k €	+12.0%	33,9 k €	+122%	15,3 k €	-49.5%	30,3 k €	+29.6%	23,4 k €	-49.3%	46,1 k €	+230%	14,0 k €	+500%	-3,5 k €	+80.7%	-18,1 k €	-162%	-6,9 k €	-197%	7,1 k €	+54.1%	4,6 k €	-79.9%	23,0 k €	+523%	-5,4 k €	-150%	10,9 k €	+11.4%	9,8 k €
EBITDA	33,2 k €	-2.1%	33,9 k €	+16.7%	29,0 k €	-22.1%	37,3 k €	+11.5%	33,4 k €	+132%	14,4 k €	-51.1%	29,5 k €	+27.2%	23,2 k €	-48.7%	45,2 k €	+231%	13,7 k €	+491%	-3,5 k €	+87.3%	-27,4 k €	-17.5%	-23,4 k €	-502%	5,8 k €	+294%	-3,0 k €	-127%	11,2 k €	+167%	-16,9 k €	-801%	2,4 k €	-56.8%	5,6 k €
Operating result	17,9 k €	+15.2%	15,5 k €	+10.5%	14,1 k €	-48.1%	27,1 k €	+32.2%	20,5 k €	+310%	5,0 k €	-70.3%	16,8 k €	+45.7%	11,5 k €	-67.0%	34,9 k €	+177%	12,6 k €	+461%	-3,5 k €	+87.3%	-27,4 k €	-16.1%	-23,6 k €	-533%	5,5 k €	+165%	-8,4 k €	-242%	5,9 k €	+120%	-29,3 k €	-192%	-10,1 k €	-48.4%	-6,8 k €
Net result	11,3 k €	+23.4%	9,2 k €	-17.3%	11,1 k €	-50.7%	22,5 k €	+52.1%	14,8 k €	+298%	3,7 k €	-74.4%	14,5 k €	+46.3%	9,9 k €	-71.3%	34,5 k €	+180%	12,3 k €	+444%	-3,6 k €	+80.0%	-17,9 k €	+32.0%	-26,3 k €	-587%	5,4 k €	+150%	-10,8 k €	-744%	1,7 k €	+105%	-34,9 k €	-11.1%	-31,4 k €	-478%	-5,4 k €
Balance sheet
Equity	123,2 k €	+6.6%	115,6 k €	-4.4%	121,0 k €	+10.1%	109,9 k €	+25.7%	87,4 k €	+20.3%	72,7 k €	+5.4%	69,0 k €	+26.6%	54,5 k €	+22.2%	44,5 k €	+343%	10,1 k €	+546%	-2,3 k €	-270%	1,3 k €	-93.1%	19,2 k €	-57.8%	45,5 k €	+13.5%	40,1 k €	-21.2%	50,9 k €	+3.4%	49,2 k €	-41.5%	84,1 k €	-27.2%	115,5 k €
Total assets	158,4 k €	-12.9%	181,9 k €	-3.6%	188,7 k €	+31.0%	144,0 k €	+24.9%	115,4 k €	-3.1%	119,0 k €	+35.5%	87,9 k €	+33.3%	65,9 k €	-2.7%	67,8 k €	+47.3%	46,0 k €	+1761%	2,5 k €	-64.1%	6,9 k €	-82.2%	38,8 k €	-32.0%	57,0 k €	-15.1%	67,2 k €	-8.2%	73,2 k €	-11.7%	82,9 k €	-31.3%	120,7 k €	-26.6%	164,3 k €
Cash	72,0 k €	+107%	34,8 k €	+127%	15,3 k €	-30.3%	22,0 k €	-19.7%	27,4 k €	-2.8%	28,2 k €	+225%	8,7 k €		–		–		–		179,4 €	-83.7%	1,1 k €	-53.5%	2,4 k €	+14321%	16,4 €	-99.7%	5,7 k €	-76.0%	23,8 k €	+144941%	16,4 €	-99.9%	24,0 k €	-27.9%	33,3 k €
Debts	35,2 k €	-46.9%	66,3 k €	-2.2%	67,8 k €	+98.5%	34,1 k €	+22.2%	27,9 k €	-39.8%	46,4 k €	+145%	18,9 k €	+65.0%	11,5 k €	-50.6%	23,2 k €	-35.4%	36,0 k €	+661%	4,7 k €	-15.0%	5,6 k €	-71.6%	19,6 k €	+70.0%	11,5 k €	-57.5%	27,1 k €	+21.4%	22,3 k €	-33.4%	33,5 k €	-8.6%	36,6 k €	-25.0%	48,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		0,3 ETP		–		–		0,1 ETP	-66.7%	0,3 ETP		–		0,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

Tommy Lanoye

Director · since 23 juin 2016

Active

Ended mandates

Tommy Lanoye

Manager · since 23 juin 2016

Ended

Cena Cagampang

Manager · since 01 avril 2014

Ended

Bjorn Messiaen

Manager · since 07 novembre 2006 · until 30 juin 2007

Ended

Georges Messiaen

Manager · since 01 juillet 2006 · until 07 novembre 2006

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro 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	23/06/2026	13/06/2025	07/06/2024	20/06/2023	11/06/2022	03/07/2021
General meeting	15/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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
Micro model	31/12/2025	15/06/2026	23/06/2026	Dutch	PDF
Micro model	31/12/2024	06/06/2025	13/06/2025	Dutch	PDF
Micro model	31/12/2023	07/06/2024	07/06/2024	Dutch	PDF
Micro model	31/12/2022	02/06/2023	20/06/2023	Dutch	PDF
Micro model	31/12/2021	03/06/2022	11/06/2022	Dutch	PDF
Micro model	31/12/2020	04/06/2021	03/07/2021	Dutch	PDF
Micro model	31/12/2019	05/06/2020	25/06/2020	Dutch	PDF
Micro model	31/12/2018	07/06/2019	17/06/2019	Dutch	PDF
Micro model	31/12/2017	01/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	30/08/2017	Dutch	PDF
Abridged model	30/06/2015	01/12/2015	26/01/2016	Dutch	PDF
Abridged model	30/06/2014	02/12/2014	13/02/2015	Dutch	PDF
Abridged model	30/06/2013	02/01/2014	25/02/2014	Dutch	PDF
Abridged model	30/06/2012	04/12/2012	18/02/2013	Dutch	PDF
Abridged model	30/06/2011	06/12/2011	29/02/2012	Dutch	PDF
Abridged model	30/06/2010	07/12/2010	25/02/2011	Dutch	PDF
Abridged model	30/06/2009	01/12/2009	17/02/2010	Dutch	PDF
Abridged model	30/06/2008	02/12/2008	14/02/2009	Dutch	PDF
Abridged model	30/06/2007	04/12/2007	19/02/2008	Dutch	PDF
Abridged model	30/06/2006	05/12/2006	19/02/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 1 active · 7 ended

Active mandates

Tommy Lanoye

Director · since 23 juin 2016

Active

Ended mandates

Tommy Lanoye

Manager · since 23 juin 2016

Ended

Cena Cagampang

Manager · since 01 avril 2014

Ended

Bjorn Messiaen

Manager · since 07 novembre 2006 · until 30 juin 2007

Ended

Georges Messiaen

Manager · since 01 juillet 2006 · until 07 novembre 2006

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/06/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/08/2016
BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
PDF
Mandates02/02/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/11/2006
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202511,3 k €↑
2024
Annual accounts 20249,2 k €↓
2023
Annual accounts 202311,1 k €↓
2022
Annual accounts 202222,5 k €↑
2021
Annual accounts 202114,8 k €↑
2020
Annual accounts 20203,7 k €↓
2019
Annual accounts 201914,5 k €↑
2018
Annual accounts 20189,9 k €↓
2017
Annual accounts 201734,5 k €↑
2016
Annual accounts 201612,3 k €↑
2016
Name changeELTEE CONSTRUCT
2015
Annual accounts 2015-3,6 k €↑
2014
Annual accounts 2014-17,9 k €↑
2013
Annual accounts 2013-26,3 k €↓
2012
Annual accounts 20125,4 k €↑
2011
Annual accounts 2011-10,8 k €↓
2010
Annual accounts 20101,7 k €↑
2009
Annual accounts 2009-34,9 k €↓
2008
Annual accounts 2008-31,4 k €↓
2007
Annual accounts 2007-5,4 k €
2007
Name changeGeorges MESSIAEN
11/06/1990
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

ELTEE CONSTRUCT

Overview

What does ELTEE CONSTRUCT do?

Trend over 19 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