ACTIVE

ELSATAX

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Financial year 2024 · closed on 31/12/2024

Net result

27,3 k €

-23.6% YoY

Gross margin

229 k €

+25.5% YoY

Equity

161,7 k €

+20.3% YoY

What does ELSATAX do?

ELSATAX is a Private limited company incorporated in 1996. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0457.358.562

Incorporation

23/02/1996

Legal form

Private limited company

Registered office

Avenue Louise 251 box 4
1050 Ixelles · BruxellesSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2024

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 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	229 k €	+25.5%	182,5 k €	+51.1%	120,7 k €	+5.9%	114 k €	+105%	55,6 k €	-78.7%	261,1 k €	-11.6%	295,2 k €	+6.7%	276,6 k €	-8.3%	301,6 k €	+6.3%	283,6 k €	+6.4%	266,5 k €	+1.8%	261,7 k €	-9.3%	288,6 k €	+22.5%	235,6 k €	+35.7%	173,7 k €	-7.7%	188,2 k €	+313%	45,6 k €	-43.3%	80,4 k €	+66.2%	48,3 k €
EBITDA	48 k €	-27.2%	65,9 k €	+108%	31,8 k €	-55.9%	72,1 k €	+715%	-11,7 k €	-132%	36,5 k €	+2.3%	35,7 k €	+33.0%	26,8 k €	-8.0%	29,1 k €	+35.7%	21,5 k €	-24.8%	28,6 k €	-9.6%	31,6 k €	-21.6%	40,3 k €	+45.7%	27,7 k €	+39.3%	19,8 k €	+5.7%	18,8 k €	+124%	-78,9 k €	-944%	9,3 k €	+47.2%	6,3 k €
Operating result	40,3 k €	-21.3%	51,2 k €	+333%	11,8 k €	-78.0%	53,7 k €	+250%	-35,8 k €	-507%	8,8 k €	+14.3%	7,7 k €	+484%	1,3 k €	-70.6%	4,5 k €	+397%	-1,5 k €	-200%	1,5 k €	-42.5%	2,6 k €	-80.6%	13,5 k €	+13815%	97,1 €	-97.1%	3,3 k €	+209%	1,1 k €	+101%	-93,2 k €	-2877%	-3,1 k €	+24.2%	-4,1 k €
Net result	27,3 k €	-23.6%	35,7 k €	+210%	11,5 k €	-77.3%	50,7 k €	+240%	-36,3 k €	-699%	6,1 k €	-18.7%	7,5 k €	+529%	1,2 k €	-73.0%	4,4 k €	+391%	-1,5 k €	-166%	2,3 k €	-12.8%	2,6 k €	-88.9%	23,5 k €	+24109%	97,1 €	-97.1%	3,3 k €	+217%	1,1 k €	-65.9%	3,1 k €	-46.4%	5,8 k €	+371%	-2,1 k €
Balance sheet
Equity	161,7 k €	+20.3%	134,4 k €	+36.2%	98,7 k €	+13.2%	87,2 k €	+139%	36,4 k €	-49.9%	72,7 k €	+9.1%	66,7 k €	+12.6%	59,2 k €	+2.0%	58 k €	+8.2%	53,6 k €	-2.7%	55,1 k €	+4.3%	52,9 k €	+5.2%	50,2 k €	+88.0%	26,7 k €	+0.4%	26,6 k €	+14.3%	23,3 k €	+4.7%	22,2 k €	+16.1%	19,2 k €	+42.9%	13,4 k €
Total assets	259,9 k €	+37.9%	188,5 k €	+70.3%	110,6 k €	+9.0%	101,5 k €	+2.0%	99,5 k €	-12.0%	113,1 k €	+7.5%	105,2 k €	+29.8%	81 k €	+18.3%	68,5 k €	+12.2%	61 k €	-19.6%	75,9 k €	-17.1%	91,6 k €	+79.5%	51 k €	-26.4%	69,3 k €	-10.9%	77,8 k €	+11.6%	69,7 k €	+111%	33 k €	-1.9%	33,7 k €	-35.1%	51,9 k €
Cash	67 k €	+38.7%	48,3 k €	-3.4%	50 k €	-15.3%	59,1 k €	+50.4%	39,3 k €	+56.8%	25 k €	-36.5%	39,4 k €	+140%	16,4 k €	+58.0%	10,4 k €	-3.4%	10,8 k €	+30.3%	8,3 k €		–		721,5 €		–		–		–		–		1,9 k €	-89.5%	18,5 k €
Debts	95,8 k €	+77.1%	54,1 k €	+353%	11,9 k €	-16.5%	14,3 k €	-77.3%	63 k €	+56.3%	40,3 k €	+4.6%	38,5 k €	+76.6%	21,8 k €	+109%	10,4 k €	+41.0%	7,4 k €	-64.3%	20,8 k €	-46.4%	38,7 k €	+4832%	785,6 €	-98.2%	42,6 k €	-16.8%	51,2 k €	+10.2%	46,4 k €	+331%	10,8 k €	-25.7%	14,5 k €	-62.3%	38,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		11,2 ETP	+7.7%	10,4 ETP	-4.6%	10,9 ETP	-1.8%	11,1 ETP	+8.8%	10,2 ETP	+6.2%	9,6 ETP	+23.1%	7,8 ETP	+23.8%	6,3 ETP	+43.2%	4,4 ETP	+91.3%	2,3 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 31/12/2024 · 4 active · 4 ended

Active mandates

Dina Fathi

Director · since 21 juin 2024

Active

Bilal FATHI

Director · since 10 janvier 2023

Active

Rayane FATHI

Director · since 10 janvier 2023

Active

Sabri FATHI

Director · since 10 janvier 2023

Active

Ended mandates

Farrokh LOTFI

Manager · since 04 avril 2007

Ended

Farrokh LOTFI

Director

Ended

Lotfi FARROKH

Manager

Ended

RAYAN FATHI

Mandate

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/09/2025	19/09/2024	21/08/2023	08/08/2022	29/07/2021	15/07/2020
General meeting	23/06/2025	27/06/2024	27/06/2023	27/06/2022	28/06/2021	22/06/2020
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
Micro model	31/12/2024	23/06/2025	30/09/2025	French	PDF
Micro model	31/12/2023	27/06/2024	19/09/2024	French	PDF
Micro model	31/12/2022	27/06/2023	21/08/2023	French	PDF
Micro model	31/12/2021	27/06/2022	08/08/2022	French	PDF
Micro model	31/12/2020	28/06/2021	29/07/2021	French	PDF
Micro model	31/12/2019	22/06/2020	15/07/2020	French	PDF
Micro model	31/12/2018	24/06/2019	22/08/2019	French	PDF
Micro model	31/12/2017	25/06/2018	24/08/2018	French	PDF
Micro model	31/12/2016	26/06/2017	23/08/2017	French	PDF
Abridged model	31/12/2015	27/06/2016	30/07/2016	French	PDF
Abridged model	31/12/2014	22/06/2015	30/07/2015	French	PDF
Abridged model	31/12/2013	23/06/2014	07/08/2014	French	PDF
Abridged model	31/12/2012	24/06/2013	29/07/2013	French	PDF
Abridged model	31/12/2011	25/06/2012	17/08/2012	French	PDF
Abridged model	31/12/2010	27/06/2011	05/08/2011	French	PDF
Abridged model	31/12/2009	28/06/2010	02/08/2010	French	PDF
Abridged model	31/12/2008	22/06/2009	27/07/2009	French	PDF
Abridged model	31/12/2007	23/06/2008	15/07/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	09/07/2007	French	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 31/12/2024 · 4 active · 4 ended

Active mandates

Dina Fathi

Director · since 21 juin 2024

Active

Bilal FATHI

Director · since 10 janvier 2023

Active

Rayane FATHI

Director · since 10 janvier 2023

Active

Sabri FATHI

Director · since 10 janvier 2023

Active

Ended mandates

Farrokh LOTFI

Manager · since 04 avril 2007

Ended

Farrokh LOTFI

Director

Ended

Lotfi FARROKH

Manager

Ended

RAYAN FATHI

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/07/2024
DEMISSIONS, NOMINATIONS
PDF
Other23/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates20/01/2023
SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Registered office20/04/2021
SIEGE SOCIAL - MODIFICATION FORME JURIDIQUE
PDF
Mandates16/04/2007
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Capital / shares03/04/2006
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office30/12/2005
SIEGE SOCIAL
PDF
Registered office23/12/2004
SIEGE SOCIAL
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

2024
Annual accounts 202427,3 k €↓
2023
Annual accounts 202335,7 k €↑
2022
Annual accounts 202211,5 k €↓
2021
Annual accounts 202150,7 k €↑
2020
Annual accounts 2020-36,3 k €↓
2019
Annual accounts 20196,1 k €↓
2018
Annual accounts 20187,5 k €↑
2017
Annual accounts 20171,2 k €↓
2016
Annual accounts 20164,4 k €↑
2015
Annual accounts 2015-1,5 k €↓
2014
Annual accounts 20142,3 k €↓
2013
Annual accounts 20132,6 k €↓
2012
Annual accounts 201223,5 k €↑
2011
Annual accounts 201197,1 €↓
2010
Annual accounts 20103,3 k €↑
2009
Annual accounts 20091,1 k €↓
2008
Annual accounts 20083,1 k €↓
2007
Annual accounts 20075,8 k €↑
2006
Annual accounts 2006-2,1 k €
23/02/1996
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

ELSATAX

Overview

What does ELSATAX 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