ACTIVE

ELCOFIN

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Financial year 2025 · closed on 31/12/2025

Net result

440,7 k €

-14.0% YoY

Gross margin

453,8 k €

+0.7% YoY

Equity

12,2 M €

+1.2% YoY

What does ELCOFIN do?

ELCOFIN is a Public limited company incorporated in 1992. Its registered office is in Wevelgem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.380.727

Incorporation

07/05/1992

Legal form

Public limited company

Registered office

Heulestraat 84
8560 Wevelgem · FlandreSee on map

Contributed capital

2 000 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	453,8 k €	+0.7%	450,7 k €	+3.1%	437,1 k €	-2.7%	449,1 k €	+2.0%	440,3 k €	+16.1%	379,2 k €	+8.7%	348,8 k €	+30.2%	267,8 k €	-8.4%	292,3 k €	-25.6%	392,7 k €	+34.1%	292,9 k €	+11.3%	263,2 k €	+28.9%	204,1 k €	+5.0%	194,5 k €	-6.0%	207 k €	-11.4%	233,7 k €	+19.5%	195,6 k €	-24.6%	259,5 k €	+52.7%	170 k €
EBITDA	452,5 k €	+0.7%	449,3 k €	+3.1%	436 k €	-2.7%	448,2 k €	+2.1%	439,2 k €	+16.1%	378,2 k €	+8.7%	347,8 k €	+30.4%	266,8 k €	-8.4%	291,3 k €	-25.6%	391,7 k €	+34.2%	291,9 k €	+11.4%	262,2 k €	+29.1%	203,2 k €	+5.0%	193,5 k €	-6.1%	206 k €	-11.5%	232,7 k €	+19.6%	194,7 k €	-24.7%	258,6 k €	+53.0%	169 k €
Operating result	452,5 k €	+0.7%	449,3 k €	+3.1%	436 k €	-2.6%	447,8 k €	+2.1%	438,4 k €	+16.0%	377,9 k €	+8.6%	347,8 k €	+30.4%	266,8 k €	-8.4%	291,3 k €	-25.6%	391,7 k €	+34.2%	291,9 k €	+11.4%	262,2 k €	+29.1%	203,2 k €	+5.0%	193,5 k €	-6.1%	206 k €	-11.5%	232,7 k €	+19.6%	194,7 k €	-24.7%	258,6 k €	+53.4%	168,6 k €
Net result	440,7 k €	-14.0%	512,5 k €	-14.8%	601,8 k €	-7.9%	653,5 k €	+5.9%	617,2 k €	+197%	208 k €	-96.9%	6,7 M €	+7385%	89,3 k €	-16.6%	107 k €	-32.7%	158,9 k €	+91.6%	83 k €	+15.1%	72,1 k €	+82.9%	39,4 k €	+277%	10,5 k €	-51.5%	21,6 k €	-46.4%	40,2 k €	+132%	17,3 k €	-35.5%	26,8 k €	-38.8%	43,9 k €
Balance sheet
Equity	12,2 M €	+1.2%	12 M €	+0.9%	11,9 M €	+1.7%	11,7 M €	+5.9%	11,1 M €	+12.1%	9,9 M €	+2.2%	9,7 M €	+225%	3 M €	+3.1%	2,9 M €	+3.9%	2,8 M €	+6.1%	2,6 M €	+3.3%	2,5 M €	+2.9%	2,5 M €	+1.6%	2,4 M €	+0.4%	2,4 M €	+0.9%	2,4 M €	+1.7%	2,3 M €	+0.7%	2,3 M €	+1.2%	2,3 M €
Total assets	14,5 M €	+9.1%	13,3 M €	-0.0%	13,3 M €	-1.5%	13,5 M €	+2.2%	13,2 M €	-0.6%	13,3 M €	-1.6%	13,5 M €	+91.3%	7,1 M €	-0.5%	7,1 M €	+3.9%	6,8 M €	+3.2%	6,6 M €	+1.7%	6,5 M €	+33.2%	4,9 M €	+1.2%	4,8 M €	-2.0%	4,9 M €	+1.4%	4,9 M €	+0.2%	4,8 M €	-1.6%	4,9 M €	+0.9%	4,9 M €
Cash	116,1 k €	+50.2%	77,3 k €	-0.5%	77,7 k €	-75.9%	322,2 k €	+1119%	26,4 k €	+155%	10,4 k €	-94.0%	171,2 k €	+103%	84,4 k €	-11.7%	95,5 k €	+69.5%	56,3 k €	-71.6%	198 k €	+116%	91,7 k €	+18.7%	77,3 k €	+308%	19 k €	-79.5%	92,4 k €	+94.9%	47,4 k €	+91.0%	24,8 k €	-10.6%	27,8 k €	-57.6%	65,5 k €
Debts	2,4 M €	+82.0%	1,3 M €	-7.8%	1,4 M €	-22.2%	1,8 M €	-15.3%	2,1 M €	-37.5%	3,4 M €	-10.9%	3,8 M €	-5.2%	4 M €	-2.9%	4,1 M €	+4.4%	4 M €	+1.3%	3,9 M €	+0.9%	3,9 M €	+60.6%	2,4 M €	+6.6%	2,3 M €	-4.9%	2,4 M €	+2.1%	2,3 M €	-2.0%	2,4 M €	-1.9%	2,4 M €	-0.1%	2,4 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 31/12/2025 · 2 active · 24 ended

Active mandates

Elsje Potteau

Director · since 02 janvier 2021 · until 26 juin 2026

Active

Luc Clinckemaillie

Managing director · since 01 décembre 2020 · until 26 juin 2026

Active

Ended mandates

Elsje Potteau

Chairman of the board of directors · since 02 janvier 2021 · until 26 juin 2026

Ended

INVEL

Director · since 01 décembre 2020 · until 02 janvier 2021 · 0433.137.167

Represented by Elsje Potteau

Ended

Joseph Potteau

Chairman of the board of directors · since 01 décembre 2020 · until 26 juin 2026

Ended

INVEL

Director · since 05 octobre 2019 · until 22 avril 2022 · 0433.137.167

Represented by ELSJE POTTEAU

Ended

At this address

Other companies at this address

Company	CBE no.
INVEL● Active	0433.137.167

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	01/01/2024	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	02/07/2026	04/07/2025	23/04/2024	12/05/2023	01/07/2022	29/06/2021
General meeting	26/06/2026	27/06/2025	21/04/2024	21/04/2023	30/06/2022	25/06/2021
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
Abridged model	31/12/2025	26/06/2026	02/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	04/07/2025	Dutch	PDF
Abridged model	31/12/2023	21/04/2024	23/04/2024	Dutch	PDF
Abridged model	31/12/2022	21/04/2023	12/05/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	01/07/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	29/06/2021	Dutch	PDF
Abridged model	31/12/2019	18/06/2020	25/06/2020	Dutch	PDF
Abridged model	31/12/2018	26/04/2019	13/05/2019	Dutch	PDF
Abridged model	31/12/2017	20/04/2018	26/04/2018	Dutch	PDF
Abridged model	31/12/2016	21/04/2017	05/05/2017	Dutch	PDF
Abridged model	31/12/2015	22/04/2016	26/04/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	08/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	10/07/2013	Dutch	PDF
Abridged model	31/12/2011	22/06/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	12/07/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	22/06/2007	18/07/2007	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 31/12/2025 · 2 active · 24 ended

Active mandates

Elsje Potteau

Director · since 02 janvier 2021 · until 26 juin 2026

Active

Luc Clinckemaillie

Managing director · since 01 décembre 2020 · until 26 juin 2026

Active

Ended mandates

Elsje Potteau

Chairman of the board of directors · since 02 janvier 2021 · until 26 juin 2026

Ended

INVEL

Director · since 01 décembre 2020 · until 02 janvier 2021 · 0433.137.167

Represented by Elsje Potteau

Ended

Joseph Potteau

Chairman of the board of directors · since 01 décembre 2020 · until 26 juin 2026

Ended

INVEL

Director · since 05 octobre 2019 · until 22 avril 2022 · 0433.137.167

Represented by ELSJE POTTEAU

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/09/2023
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/12/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/07/2010
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/09/2006
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates28/07/2004
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 2025440,7 k €↓
2024
Annual accounts 2024512,5 k €↓
2023
Annual accounts 2023601,8 k €↓
2022
Annual accounts 2022653,5 k €↑
2021
Annual accounts 2021617,2 k €↑
2019
Annual accounts 2019208 k €↓
2018
Annual accounts 20186,7 M €↑
2017
Annual accounts 201789,3 k €↓
2016
Annual accounts 2016107 k €↓
2015
Annual accounts 2015158,9 k €↑
2014
Annual accounts 201483 k €↑
2013
Annual accounts 201372,1 k €↑
2012
Annual accounts 201239,4 k €↑
2011
Annual accounts 201110,5 k €↓
2010
Annual accounts 201021,6 k €↓
2009
Annual accounts 200940,2 k €↑
2008
Annual accounts 200817,3 k €↓
2007
Annual accounts 200726,8 k €↓
2006
Annual accounts 200643,9 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

ELCOFIN

Overview

What does ELCOFIN 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