ACTIVE

ELSTRO

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Financial year 2025 · closed on 31/12/2025

Net result

25,1 k €

+2375.3% YoY

Gross margin

261,1 k €

-0.3% YoY

Equity

145,3 k €

+20.8% YoY

Workforce

3,6 ETP

-16.3% YoY

What does ELSTRO do?

ELSTRO is a Private limited company incorporated in 1995. Its registered office is in Kalmthout. It employs on average 3,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.662.556

Incorporation

06/03/1995

Legal form

Private limited company

Registered office

Jos Tilborghsstraat (Nm) 2 box 3
2920 Kalmthout · FlandreSee on map

Contributed capital

87 500,00 €

Latest accounts

31/12/2025

Average workforce

3,6 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	261,1 k €	-0.3%	261,9 k €	-25.4%	351,2 k €	+22.8%	285,9 k €	-0.3%	286,9 k €	+15.3%	248,8 k €	-7.3%	268,5 k €	+33.2%	201,6 k €	-11.3%	227,2 k €	+11.5%	203,8 k €	-10.3%	227,3 k €	+7.2%	212 k €	+28.9%	164,5 k €	+1.6%	161,9 k €	-38.0%	261,1 k €	+18.7%	220 k €	-0.9%	222,1 k €	-48.4%	430 k €	+58.9%	270,6 k €	+0.0%	270,4 k €
EBITDA	49,2 k €	+170%	18,3 k €	-53.5%	39,2 k €	+115%	18,2 k €	-51.3%	37,4 k €	+55.6%	24,1 k €	-57.2%	56,2 k €	+151%	22,4 k €	-13.1%	25,7 k €	+16.4%	22,1 k €	-50.4%	44,6 k €	-38.5%	72,6 k €	+166%	27,3 k €	+1905%	1,4 k €	-98.4%	83,8 k €	+140%	34,9 k €	+23.1%	28,4 k €	-85.4%	195 k €	+320%	46,4 k €	-39.2%	76,3 k €
Operating result	34,2 k €	+577%	5,1 k €	-80.6%	26 k €	+67.8%	15,5 k €	-54.4%	34 k €	+97.5%	17,2 k €	-63.3%	46,9 k €	+218%	14,8 k €	-24.2%	19,5 k €	+113%	9,2 k €	-75.2%	37 k €	-43.1%	64,9 k €	+233%	19,5 k €	+232%	-14,7 k €	-155%	27 k €	+45.6%	18,5 k €	-28.7%	26 k €	-57.7%	61,4 k €	+134%	26,2 k €	-59.0%	64 k €
Net result	25,1 k €	+2375%	1 k €	-91.8%	12,3 k €	-3.0%	12,7 k €	-48.6%	24,6 k €	+1028%	2,2 k €	-91.6%	26 k €	+5901%	433,7 €	+914%	42,8 €	-88.0%	357,6 €	-82.6%	2,1 k €	-95.5%	45,2 k €	+5575%	796,1 €	+102%	-35,5 k €	-367%	13,3 k €	+84.1%	7,2 k €	+339%	1,6 k €	-93.4%	24,8 k €	+108%	11,9 k €	-58.0%	28,4 k €
Balance sheet
Equity	145,3 k €	+20.8%	120,2 k €	-44.5%	216,7 k €	+6.0%	204,5 k €	+6.6%	191,8 k €	+14.7%	167,2 k €	+1.3%	165 k €	+18.7%	139 k €	+0.3%	138,5 k €	+0.0%	138,5 k €	+0.3%	138,1 k €	+1.5%	136,1 k €	+49.7%	90,9 k €	+0.9%	90,1 k €	-28.3%	125,6 k €	+11.8%	112,3 k €	+6.9%	105,1 k €	+1.6%	103,5 k €	+31.5%	78,7 k €	+17.9%	66,7 k €
Total assets	395,7 k €	-3.7%	410,7 k €	-5.4%	434,1 k €	-9.8%	481,4 k €	-1.3%	487,7 k €	-11.2%	549,2 k €	+2.8%	534,1 k €	-10.6%	597,8 k €	-10.0%	664,2 k €	+1.3%	655,8 k €	+8.8%	602,9 k €	-11.6%	681,7 k €	+4.9%	649,8 k €	+8.8%	597,1 k €	-13.4%	689,4 k €	-4.7%	723,7 k €	-15.7%	858 k €	+0.8%	851,2 k €	+1.9%	835,2 k €	-5.1%	880,3 k €
Cash	231,5 k €	+279%	61,1 k €	-4.6%	64 k €	-50.1%	128,3 k €	+91.2%	67,1 k €	+2821%	2,3 k €	-74.2%	8,9 k €	-70.0%	29,7 k €	-6.4%	31,7 k €	+277%	8,4 k €	-54.1%	18,3 k €	+100.0%	9,2 k €	-47.1%	17,3 k €	+5.4%	16,5 k €	-72.6%	60,1 k €	+81.3%	33,2 k €	+516%	5,4 k €	-91.9%	66,7 k €	+1810%	3,5 k €	-80.9%	18,3 k €
Debts	250,4 k €	-13.8%	290,5 k €	+33.6%	217,4 k €	-21.5%	277 k €	-6.4%	295,9 k €	-22.5%	382,1 k €	+3.5%	369,1 k €	-19.5%	458,8 k €	-12.7%	525,7 k €	+1.7%	516,8 k €	+12.5%	459,6 k €	-15.1%	541,5 k €	-2.2%	553,8 k €	+9.2%	507 k €	-9.7%	561,3 k €	-8.2%	611,4 k €	-18.8%	752,9 k €	+0.7%	747,6 k €	-0.5%	751,1 k €	-7.1%	808,9 k €
Other
Workforce	3,6 ETP	-16.3%	4,3 ETP	-23.2%	5,6 ETP		–		–		–		–		–		–		4,0 ETP	+2.6%	3,9 ETP	+18.2%	3,3 ETP	0.0%	3,3 ETP	-10.8%	3,7 ETP	-14.0%	4,3 ETP	-15.7%	5,1 ETP	+30.8%	3,9 ETP	-25.0%	5,2 ETP	-13.3%	6,0 ETP	0.0%	6,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 20 ended

Active mandates

Petrus Stroop

bestuurder · since 05 décembre 2024

Active

Ronny Elst

bestuurder · since 05 décembre 2024

Active

Rudy Est

bestuurder · since 05 décembre 2024

Active

Ended mandates

Rudy Elst

bestuurder · since 05 décembre 2024

Ended

Peter Stroop

Director · since 21 juin 2019 · until 20 juin 2025

Ended

Ronny Elst

Director · since 21 juin 2019 · until 20 juin 2025

Ended

Rudy Elst

Director · since 21 juin 2019 · until 20 juin 2025

Ended

Annual accounts

Full financial information

	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	09/07/2026	24/07/2025	08/07/2024	28/07/2023	19/07/2022	30/07/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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	19/06/2026	09/07/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	24/07/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	08/07/2024	Dutch	PDF
Micro model	31/12/2022	16/06/2023	28/07/2023	Dutch	PDF
Micro model	31/12/2021	17/06/2022	19/07/2022	Dutch	PDF
Micro model	31/12/2020	18/06/2021	30/07/2021	Dutch	PDF
Micro model	31/12/2019	19/06/2020	24/09/2020	Dutch	PDF
Micro model	31/12/2018	21/06/2019	23/07/2019	Dutch	PDF
Micro model	31/12/2017	15/06/2018	14/08/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	27/07/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	30/07/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	01/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	31/07/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	22/08/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	06/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 3 active · 20 ended

Active mandates

Petrus Stroop

bestuurder · since 05 décembre 2024

Active

Ronny Elst

bestuurder · since 05 décembre 2024

Active

Rudy Est

bestuurder · since 05 décembre 2024

Active

Ended mandates

Rudy Elst

bestuurder · since 05 décembre 2024

Ended

Peter Stroop

Director · since 21 juin 2019 · until 20 juin 2025

Ended

Ronny Elst

Director · since 21 juin 2019 · until 20 juin 2025

Ended

Rudy Elst

Director · since 21 juin 2019 · until 20 juin 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/12/2024
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/11/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/06/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/08/2006
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares31/12/2002
KAPITAAL - AANDELEN
PDF
Mandates03/09/2002
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 202525,1 k €↑
2024
Annual accounts 20241 k €↓
2023
Annual accounts 202312,3 k €↓
2022
Annual accounts 202212,7 k €↓
2021
Annual accounts 202124,6 k €↑
2020
Annual accounts 20202,2 k €↓
2019
Annual accounts 201926 k €↑
2018
Annual accounts 2018433,7 €↑
2017
Annual accounts 201742,8 €↓
2016
Annual accounts 2016357,6 €↓
2015
Annual accounts 20152,1 k €↓
2014
Annual accounts 201445,2 k €↑
2013
Annual accounts 2013796,1 €↑
2012
Annual accounts 2012-35,5 k €↓
2011
Annual accounts 201113,3 k €↑
2010
Annual accounts 20107,2 k €↑
2009
Annual accounts 20091,6 k €↓
2008
Annual accounts 200824,8 k €↑
2007
Annual accounts 200711,9 k €↓
2006
Annual accounts 200628,4 k €
06/03/1995
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

ELSTRO

Overview

What does ELSTRO do?

Trend over 20 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