ACTIVE

ELCA

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Financial year 2025 · closed on 31/03/2025

Net result

120,3 k €

-10.1% YoY

Gross margin

246 k €

-19.2% YoY

Equity

2,9 M €

+4.3% YoY

What does ELCA do?

ELCA is a Public limited company incorporated in 1994. Its main activity is: Development of building projects. Its registered office is in Zulte.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.374.148

Incorporation

30/03/1994

Legal form

Public limited company

Registered office

Roodborststraat 8
9870 Zulte · FlandreSee on map

Contributed capital

748 000,00 €

Latest accounts

31/03/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70111Activities of head offices

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	246 k €	-19.2%	304,3 k €	+11.5%	272,9 k €	-29.1%	384,9 k €	-6.8%	412,8 k €	+34.2%	307,6 k €	-10.7%	344,3 k €	+24.8%	275,9 k €	+12.1%	246,1 k €	+31.6%	186,9 k €	+6.7%	175,2 k €	+179%	62,8 k €	-24.0%	82,7 k €	+20.0%	68,9 k €	+5.5%	65,3 k €	+94.1%	33,7 k €	-26.2%	45,6 k €	-16.3%	54,5 k €		–
EBITDA	236,7 k €	-19.7%	294,9 k €	+11.4%	264,8 k €	-30.2%	379,1 k €	-7.3%	408,8 k €	+36.5%	299,5 k €	-11.9%	339,8 k €	+25.5%	270,8 k €	+11.9%	241,9 k €	+33.2%	181,6 k €	+7.7%	168,6 k €	+197%	56,7 k €	-29.6%	80,6 k €	+20.6%	66,8 k €	+5.8%	63,2 k €	+93.1%	32,7 k €	-26.5%	44,5 k €	-16.5%	53,2 k €	+6569%	-823,2 €
Operating result	147,8 k €	-18.9%	182,2 k €	-1.3%	184,7 k €	-38.7%	301,1 k €	-8.9%	330,5 k €	+42.4%	232,1 k €	-15.5%	274,8 k €	+33.5%	205,9 k €	+12.5%	183,1 k €	+74.1%	105,2 k €	-6.9%	113 k €	+395%	22,8 k €	-7.9%	24,8 k €	-58.2%	59,3 k €	+304%	14,7 k €	-41.6%	25,1 k €	-31.1%	36,4 k €	-31.6%	53,2 k €	+6569%	-823,2 €
Net result	120,3 k €	-10.1%	133,9 k €	-34.0%	202,9 k €	-40.3%	339,9 k €	+45.8%	233,1 k €	+64.2%	141,9 k €	-18.4%	174 k €	+67.7%	103,7 k €	-12.6%	118,7 k €	+86.6%	63,6 k €	-8.5%	69,5 k €	+47.5%	47,1 k €	+591%	6,8 k €	-86.2%	49,4 k €	+170%	18,3 k €	-32.5%	27,1 k €	-61.7%	70,7 k €	+58.8%	44,5 k €	+162%	17 k €
Balance sheet
Equity	2,9 M €	+4.3%	2,8 M €	+5.0%	2,7 M €	+8.3%	2,5 M €	+16.1%	2,1 M €	+12.4%	1,9 M €	+8.2%	1,7 M €	+11.1%	1,6 M €	+7.1%	1,5 M €	+8.8%	1,3 M €	+5.0%	1,3 M €	+5.7%	1,2 M €	+4.0%	1,2 M €	+0.6%	1,2 M €	+4.5%	1,1 M €	+1.7%	1,1 M €	+93.7%	562,7 k €	+14.4%	492 k €	+10.0%	447,5 k €
Total assets	3,4 M €	+0.1%	3,4 M €	+3.9%	3,3 M €	+3.0%	3,2 M €	+10.0%	2,9 M €	+2.8%	2,8 M €	+6.2%	2,6 M €	+4.9%	2,5 M €	+1.4%	2,5 M €	+3.7%	2,4 M €	+5.0%	2,3 M €	-6.9%	2,5 M €	+25.3%	2 M €	+2.2%	1,9 M €	+18.7%	1,6 M €	+0.5%	1,6 M €	+176%	581,9 k €	+14.5%	508,4 k €	+13.6%	447,6 k €
Cash	306,4 k €	+65.8%	184,7 k €	-60.9%	472,7 k €	-47.9%	907,6 k €	+58.7%	571,7 k €	+254%	161,3 k €	+22.6%	131,5 k €	-60.7%	335 k €	-52.2%	701,5 k €	+2.4%	685 k €	-27.8%	949,1 k €	+35.9%	698,5 k €	+765%	80,8 k €	-43.7%	143,5 k €	+1083%	12,1 k €	-33.9%	18,3 k €	+182%	6,5 k €	-54.5%	14,3 k €	+844%	1,5 k €
Debts	491,9 k €	-17.7%	597,4 k €	-2.9%	615,2 k €	-14.8%	721,7 k €	-5.5%	763,4 k €	-17.5%	924,9 k €	+2.3%	903,9 k €	-5.3%	954,8 k €	-6.4%	1 M €	+4.5%	976,4 k €	-2.6%	1 M €	-19.2%	1,2 M €	+62.7%	761,7 k €	+1.4%	750,9 k €	+49.1%	503,7 k €	-1.9%	513,7 k €	+2586%	19,1 k €	+17.0%	16,3 k €	+12974%	125 €

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 31/03/2025 · 3 active · 7 ended

Active mandates

Luc Christiaen

Managing director · since 30 août 2019 · until 29 août 2025

Active

Marie Louise Herrebout

Director · since 30 août 2019 · until 29 août 2025

Active

Nicky Christiaen

Director · since 30 août 2019 · until 29 août 2025

Active

Ended mandates

Luc Christiaen

Managing director · since 30 août 2013 · until 30 août 2019

Ended

Marie Louise Herrebout

Director · since 30 août 2013 · until 30 août 2019

Ended

Luc Christiaen

Managing director · since 31 août 2007 · until 30 août 2013

Ended

LUC CHRISTIAEN

Director · since 31 août 2007 · until 31 août 2013

Ended

At this address

Other companies at this address

Company	CBE no.
Nichri● Active	1006.685.004

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	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/10/2025	16/09/2024	31/10/2023	28/10/2022	08/09/2021	08/09/2020
General meeting	29/08/2025	30/08/2024	25/08/2023	26/08/2022	30/08/2021	31/08/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	29/08/2025	30/10/2025	Dutch	PDF
Abridged model	31/03/2024	30/08/2024	16/09/2024	Dutch	PDF
Abridged model	31/03/2023	25/08/2023	31/10/2023	Dutch	PDF
Abridged model	31/03/2022	26/08/2022	28/10/2022	Dutch	PDF
Abridged model	31/03/2021	30/08/2021	08/09/2021	Dutch	PDF
Abridged model	31/03/2020	31/08/2020	08/09/2020	Dutch	PDF
Abridged model	31/03/2019	30/08/2019	04/09/2019	Dutch	PDF
Abridged model	31/03/2018	31/08/2018	11/09/2018	Dutch	PDF
Abridged model	31/03/2017	25/08/2017	19/09/2017	Dutch	PDF
Abridged model	31/03/2016	06/10/2016	25/10/2016	Dutch	PDF
Abridged model	31/03/2015	23/10/2015	30/11/2015	Dutch	PDF
Abridged model	31/03/2014	29/08/2014	09/10/2014	Dutch	PDF
Abridged model	31/03/2013	30/08/2013	31/10/2013	Dutch	PDF
Abridged model	31/03/2012	31/08/2012	14/09/2012	Dutch	PDF
Abridged model	31/03/2011	26/08/2011	19/09/2011	Dutch	PDF
Abridged model	31/03/2010	27/08/2010	23/09/2010	Dutch	PDF
Abridged model	31/03/2009	28/08/2009	23/09/2009	Dutch	PDF
Abridged model	31/03/2008	29/08/2008	26/09/2008	Dutch	PDF
Abridged model	31/03/2007	31/08/2007	27/09/2007	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 31/03/2025 · 3 active · 7 ended

Active mandates

Luc Christiaen

Managing director · since 30 août 2019 · until 29 août 2025

Active

Marie Louise Herrebout

Director · since 30 août 2019 · until 29 août 2025

Active

Nicky Christiaen

Director · since 30 août 2019 · until 29 août 2025

Active

Ended mandates

Luc Christiaen

Managing director · since 30 août 2013 · until 30 août 2019

Ended

Marie Louise Herrebout

Director · since 30 août 2013 · until 30 août 2019

Ended

Luc Christiaen

Managing director · since 31 août 2007 · until 30 août 2013

Ended

LUC CHRISTIAEN

Director · since 31 août 2007 · until 31 août 2013

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/05/2026
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares14/08/2025
KAPITAAL - AANDELEN
PDF
Other05/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates04/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/01/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/11/2009
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates30/10/2007
ONTSLAGEN - BENOEMINGEN
PDF
Registered office18/10/2007
MAATSCHAPPELIJKE ZETEL - BENAMING - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - 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 2025120,3 k €↓
2024
Annual accounts 2024133,9 k €↓
2023
Annual accounts 2023202,9 k €↓
2022
Annual accounts 2022339,9 k €↑
2021
Annual accounts 2021233,1 k €↑
2020
Annual accounts 2020141,9 k €↓
2019
Annual accounts 2019174 k €↑
2018
Annual accounts 2018103,7 k €↓
2017
Annual accounts 2017118,7 k €↑
2016
Annual accounts 201663,6 k €↓
2015
Annual accounts 201569,5 k €↑
2014
Annual accounts 201447,1 k €↑
2013
Annual accounts 20136,8 k €↓
2012
Annual accounts 201249,4 k €↑
2011
Annual accounts 201118,3 k €↓
2010
Annual accounts 201027,1 k €↓
2009
Annual accounts 200970,7 k €↑
2008
Annual accounts 200844,5 k €↑
2007
Annual accounts 200717 k €
30/03/1994
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

ELCA

Overview

What does ELCA 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