ACTIVE

ELMIECO

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Financial year 2025 · closed on 30/11/2025

Net result

193,7 k €

+751.1% YoY

Gross margin

215,7 k €

+1399.3% YoY

Equity

1,3 M €

+16.9% YoY

What does ELMIECO do?

ELMIECO is a Public limited company incorporated in 1992. Its main activity is: Management consultancy activities. Its registered office is in Ledegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.380.628

Incorporation

07/05/1992

Legal form

Public limited company

Registered office

Steenbeekpad 6
8880 Ledegem · FlandreSee on map

Contributed capital

1 690 467,01 €

Latest accounts

30/11/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	215,7 k €	+1399%	14,4 k €	+259%	-9 k €	-151%	17,6 k €	-1.0%	17,7 k €	+107%	8,6 k €	+55.9%	5,5 k €	-56.1%	12,5 k €	-23.4%	16,4 k €	+1.8%	16,1 k €	-65.7%	46,9 k €	-58.4%	112,6 k €	+12.7%	99,9 k €	+5.7%	94,5 k €	-2.6%	97 k €	+1.6%	95,5 k €	+11.2%	85,9 k €
EBITDA	199 k €	+2326%	8,2 k €	+155%	-15 k €	-224%	12,1 k €	+0.0%	12,1 k €	+521%	1,9 k €	+317%	-896,5 €	-114%	6,2 k €	-38.6%	10,1 k €	+490%	1,7 k €	-95.4%	37,2 k €	-64.5%	104,8 k €	+18.6%	88,3 k €	+4.1%	84,9 k €	-5.5%	89,8 k €	+2.4%	87,7 k €	+12.4%	78 k €
Operating result	188,4 k €	+2628%	-7,5 k €	+78.8%	-35,2 k €	-347%	-7,9 k €	-5.8%	-7,4 k €	+56.0%	-16,9 k €	+38.2%	-27,4 k €	-18.1%	-23,2 k €	+4.8%	-24,3 k €	+48.0%	-46,9 k €	-582%	-6,9 k €	-111%	65,3 k €	+32.0%	49,5 k €	+6.9%	46,3 k €	-28.6%	64,8 k €	+3.4%	62,7 k €	+13.4%	55,3 k €
Net result	193,7 k €	+751%	22,8 k €	+445%	4,2 k €	-84.4%	26,8 k €	-38.7%	43,7 k €	+54.0%	28,4 k €	+296%	7,2 k €	-33.7%	10,8 k €	-87.4%	86,2 k €	+198%	-88,3 k €	+83.8%	-546,3 k €	-1021%	-48,7 k €	+43.3%	-85,9 k €	+11.5%	-97 k €	+11.4%	-109,6 k €	-35.0%	-81,1 k €	+25.5%	-108,9 k €
Balance sheet
Equity	1,3 M €	+16.9%	1,1 M €	+2.0%	1,1 M €	+0.4%	1,1 M €	+2.4%	1,1 M €	+21.9%	897,9 k €	+3.3%	869,5 k €	+0.8%	862,3 k €	+1.3%	851,5 k €	+11.3%	765,3 k €	-10.3%	853,6 k €	-39.0%	1,4 M €	-3.4%	1,4 M €	-5.6%	1,5 M €	-5.9%	1,6 M €	-6.3%	1,7 M €	-4.5%	1,8 M €
Total assets	3,8 M €	+1.2%	3,8 M €	+3.8%	3,6 M €	-0.3%	3,6 M €	+0.3%	3,6 M €	+5.0%	3,4 M €	+0.2%	3,4 M €	-0.5%	3,5 M €	-0.5%	3,5 M €	+1.0%	3,4 M €	-1.2%	3,5 M €	-13.1%	4 M €	+0.5%	4 M €	+0.6%	4 M €	+0.6%	3,9 M €	+0.3%	3,9 M €	+0.8%	3,9 M €
Cash	824,5 k €	+443%	151,9 k €	-80.3%	772,4 k €	-51.7%	1,6 M €	+59.3%	1 M €	+339%	228,5 k €	-66.4%	679,8 k €	+61.0%	422,1 k €	-7.4%	456 k €	+255%	128,5 k €	-48.2%	247,9 k €	+0.5%	246,6 k €	+421%	47,3 k €	+88.3%	25,1 k €	-53.1%	53,6 k €	-54.4%	117,5 k €	+48.2%	79,3 k €
Debts	2,5 M €	-5.6%	2,6 M €	+4.6%	2,5 M €	-0.6%	2,5 M €	-0.6%	2,5 M €	-1.0%	2,5 M €	-0.9%	2,6 M €	-0.9%	2,6 M €	-1.1%	2,6 M €	+1.0%	2,6 M €	+1.7%	2,6 M €	+2.3%	2,5 M €	+4.7%	2,4 M €	+4.5%	2,3 M €	+5.4%	2,2 M €	+5.6%	2 M €	+5.7%	1,9 M €

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 30/11/2025 · 3 active · 21 ended

Active mandates

Bavo Vanhalst

Director · until 04 mars 2028

Active

Lowie Vanhalst

Director · until 04 mars 2028

Active

Mieke Potteau

Managing director · until 04 mars 2028

Active

Ended mandates

Elsje POTTEAU

Director · since 06 mars 2010 · until 06 mars 2016

Ended

Joseph POTTEAU

Managing director · since 06 mars 2010 · until 06 mars 2016

Ended

Mieke POTTEAU

Director · since 06 mars 2010 · until 06 mars 2016

Ended

Elsje POTTEAU

Director · since 06 mars 2004 · until 06 mars 2010

Ended

At this address

Other companies at this address

Company	CBE no.
DAMODE-MG● Active	0783.794.939
DEBRINVEST● Active	0449.822.256
Valoba● Active	1034.451.847

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/12/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/03/2026	27/05/2025	28/06/2024	30/06/2023	01/06/2022	30/06/2021
General meeting	07/03/2026	24/05/2025	30/05/2024	26/06/2023	05/03/2022	06/03/2021
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	30/11/2025	07/03/2026	12/03/2026	Dutch	PDF
Micro model	30/11/2024	24/05/2025	27/05/2025	Dutch	PDF
Micro model	30/11/2023	30/05/2024	28/06/2024	Dutch	PDF
Abridged model	30/11/2022	26/06/2023	30/06/2023	Dutch	PDF
Abridged model	30/11/2021	05/03/2022	01/06/2022	Dutch	PDF
Abridged model	30/11/2020	06/03/2021	30/06/2021	Dutch	PDF
Abridged model	30/11/2019	07/03/2020	30/04/2020	Dutch	PDF
Abridged model	30/11/2018	02/03/2019	30/04/2019	Dutch	PDF
Abridged model	30/11/2017	03/03/2018	27/04/2018	Dutch	PDF
Abridged model	30/11/2016	04/03/2017	02/05/2017	Dutch	PDF
Abridged model	30/11/2015	05/03/2016	02/05/2016	Dutch	PDF
Abridged model	30/11/2014	07/03/2015	13/03/2015	Dutch	PDF
Abridged model	30/11/2013	01/03/2014	27/03/2014	Dutch	PDF
Abridged model	30/11/2012	02/03/2013	19/06/2013	Dutch	PDF
Abridged model	30/11/2011	03/03/2012	16/03/2012	Dutch	PDF
Abridged model	30/11/2010	05/03/2011	09/03/2011	Dutch	PDF
Abridged model	30/11/2009	06/03/2010	22/04/2010	Dutch	PDF
Abridged model	30/11/2008	07/03/2009	02/06/2009	Dutch	PDF
Abridged model	30/11/2007	01/03/2008	10/03/2008	Dutch	PDF
Abridged model	30/11/2006	03/03/2007	05/03/2007	Dutch	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 30/11/2025 · 3 active · 21 ended

Active mandates

Bavo Vanhalst

Director · until 04 mars 2028

Active

Lowie Vanhalst

Director · until 04 mars 2028

Active

Mieke Potteau

Managing director · until 04 mars 2028

Active

Ended mandates

Elsje POTTEAU

Director · since 06 mars 2010 · until 06 mars 2016

Ended

Joseph POTTEAU

Managing director · since 06 mars 2010 · until 06 mars 2016

Ended

Mieke POTTEAU

Director · since 06 mars 2010 · until 06 mars 2016

Ended

Elsje POTTEAU

Director · since 06 mars 2004 · until 06 mars 2010

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/06/2017
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/04/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/05/2004
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/02/2004
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 2025193,7 k €↑
2024
Annual accounts 202422,8 k €↑
2023
Annual accounts 20234,2 k €↓
2022
Annual accounts 202226,8 k €↓
2021
Annual accounts 202143,7 k €↑
2018
Annual accounts 201828,4 k €↑
2017
Annual accounts 20177,2 k €↓
2016
Annual accounts 201610,8 k €↓
2015
Annual accounts 201586,2 k €↑
2014
Annual accounts 2014-88,3 k €↑
2013
Annual accounts 2013-546,3 k €↓
2012
Annual accounts 2012-48,7 k €↑
2011
Annual accounts 2011-85,9 k €↑
2010
Annual accounts 2010-97 k €↑
2009
Annual accounts 2009-109,6 k €↓
2008
Annual accounts 2008-81,1 k €↑
2007
Annual accounts 2007-108,9 k €
07/05/1992
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

ELMIECO

Overview

What does ELMIECO do?

Trend over 17 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