ACTIVE

elTHYC

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Financial year 2025 · closed on 30/09/2025

Net result

246,9 k €

-53.5% YoY

Revenue

12,7 M €

-8.8% YoY

Equity

2 M €

+7.7% YoY

Workforce

8,6 ETP

+7.5% YoY

What does elTHYC do?

elTHYC is a Private limited company incorporated in 1998. Its registered office is in Vorselaar. It employs on average 8,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.798.975

Incorporation

11/03/1998

Legal form

Private limited company

Registered office

Sassenhout 13
2290 Vorselaar · FlandreSee on map

Contributed capital

37 184,03 €

Latest accounts

30/09/2025

Average workforce

8,6 ETP

Joint committees (3)

149
14901
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	12,7 M €	-8.8%	13,9 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	410,4 k €	-47.6%	782,6 k €	-14.1%	911,6 k €	+96.3%	464,3 k €	+27.6%	363,8 k €	+65.0%	220,5 k €	-43.4%	389,9 k €	+82.8%	213,3 k €	+19.7%	178,2 k €	+34.9%	132 k €	+46.7%	90 k €	+18.7%	75,8 k €	-13.9%	88,1 k €	+19.7%	73,6 k €	-8.7%	80,5 k €	-28.7%	113 k €	+14.1%	99 k €	-24.8%	131,7 k €	+39.6%	94,3 k €
Operating result	317,9 k €	-54.4%	697,8 k €	-17.3%	843,4 k €	+105%	412,4 k €	+31.3%	314,2 k €	+92.1%	163,5 k €	-35.5%	253,5 k €	+57.1%	161,3 k €	+3.3%	156,1 k €	+41.8%	110,1 k €	+55.4%	70,9 k €	+19.0%	59,6 k €	-9.1%	65,6 k €	+26.4%	51,9 k €	-20.1%	65 k €	-22.0%	83,3 k €	+21.7%	68,5 k €	-20.6%	86,3 k €	+76.4%	48,9 k €
Net result	246,9 k €	-53.5%	531,4 k €	-29.7%	756,5 k €	+98.0%	382 k €	+46.1%	261,4 k €	+133%	112,1 k €	-35.6%	174,1 k €	+118%	79,9 k €	-35.1%	123,1 k €	+187%	42,8 k €	+22.2%	35,1 k €	+20.2%	29,2 k €	-13.8%	33,8 k €	+62.4%	20,8 k €	-2.9%	21,5 k €	-39.7%	35,6 k €	+14.0%	31,2 k €	-48.8%	61 k €	+144%	24,9 k €
Balance sheet
Equity	2 M €	+7.7%	1,9 M €	+21.1%	1,6 M €	+22.3%	1,3 M €	+19.2%	1,1 M €	+19.9%	897,2 k €	+14.3%	785,1 k €	+28.5%	611 k €	+15.0%	531,1 k €	+30.2%	408 k €	+11.7%	365,2 k €	+10.6%	330,1 k €	+9.7%	300,9 k €	+12.7%	267,1 k €	+8.5%	246,3 k €	+9.5%	224,8 k €	+18.8%	189,2 k €	+19.8%	158 k €	+62.8%	97,1 k €
Total assets	5,6 M €	+5.1%	5,4 M €	-7.2%	5,8 M €	+10.8%	5,2 M €	+23.4%	4,2 M €	+16.3%	3,6 M €	+12.7%	3,2 M €	+2.3%	3,2 M €	+24.1%	2,5 M €	+31.9%	1,9 M €	-5.3%	2 M €	+0.5%	2 M €	+6.6%	1,9 M €	-8.0%	2,1 M €	+15.5%	1,8 M €	+4.1%	1,7 M €	-0.9%	1,7 M €	+10.5%	1,6 M €	-7.1%	1,7 M €
Cash	327,3 k €	+19.4%	274 k €	-51.5%	565,4 k €	+320%	134,5 k €	-35.8%	209,5 k €	+36.0%	154 k €	-49.4%	304,1 k €	+174%	111 k €	+16.4%	95,3 k €	+5.4%	90,4 k €	+11.2%	81,3 k €	-25.3%	108,8 k €	-7.0%	117 k €	+65.8%	70,6 k €	-23.9%	92,7 k €	-22.4%	119,4 k €	+22.6%	97,5 k €	+174%	35,6 k €	-28.2%	49,6 k €
Debts	3,6 M €	+3.6%	3,5 M €	-17.8%	4,2 M €	+7.1%	3,9 M €	+26.0%	3,1 M €	+15.4%	2,7 M €	+10.9%	2,4 M €	-4.0%	2,5 M €	+26.5%	2 M €	+32.4%	1,5 M €	-9.1%	1,7 M €	-1.5%	1,7 M €	+6.0%	1,6 M €	-11.0%	1,8 M €	+16.7%	1,5 M €	+3.3%	1,5 M €	-3.3%	1,5 M €	+9.5%	1,4 M €	-10.3%	1,6 M €
Other
Workforce	8,6 ETP	+7.5%	8,0 ETP		–		–		–		–		5,4 ETP	-5.3%	5,7 ETP	+32.6%	4,3 ETP	-17.3%	5,2 ETP	0.0%	5,2 ETP	0.0%	5,2 ETP	0.0%	5,2 ETP	-10.3%	5,8 ETP	+38.1%	4,2 ETP	+31.3%	3,2 ETP	+3.2%	3,1 ETP	+3.3%	3,0 ETP	+50.0%	2,0 ETP

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 30/09/2025 · 2 active · 7 ended

Active mandates

ELTHYCO HOLDING

Mandate · 0733.734.031

Represented by Thijs Hans

Active

Jef Thijs

Mandate

Active

Ended mandates

ELTHYCO HOLDING

Director · since 18 septembre 2020 · 0733.734.031

Ended

ELTHYCO HOLDING

Mandate · 0733.734.031

Represented by Hans Thijs

Ended

ELTHYCO HOLDING

Mandate · 0733.734.031

Ended

Jef Thys

Director

Ended

At this address

Other companies at this address

Company	CBE no.
EJT PROJECTS● Active	0444.607.220
ELTHYCO HOLDING● Active	0733.734.031
Groep Elthyc● Active	0694.520.196
Lembrechts & Lembrechts● Active	0430.950.907
Lempat● Active	0869.860.069

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/03/2026	25/03/2025	30/01/2024	31/01/2023	21/04/2022	19/03/2021
General meeting	28/02/2026	28/02/2025	23/01/2024	24/01/2023	22/02/2022	16/02/2021
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
Full model	30/09/2025	28/02/2026	26/03/2026	Dutch	PDF
Full model	30/09/2024	28/02/2025	25/03/2025	Dutch	PDF
Abridged model	30/09/2023	23/01/2024	30/01/2024	Dutch	PDF
Abridged model	30/09/2022	24/01/2023	31/01/2023	Dutch	PDF
Abridged model	30/09/2021	22/02/2022	21/04/2022	Dutch	PDF
Abridged model	30/09/2020	16/02/2021	19/03/2021	Dutch	PDF
Abridged model	30/09/2019	02/12/2019	31/01/2020	Dutch	PDF
Abridged model	30/09/2018	03/12/2018	10/01/2019	Dutch	PDF
Abridged model	30/09/2017	04/12/2017	25/01/2018	Dutch	PDF
Abridged model	30/09/2016	05/12/2016	26/12/2016	Dutch	PDF
Abridged model	30/09/2015	07/12/2015	22/12/2015	Dutch	PDF
Abridged model	30/09/2014	01/12/2014	23/12/2014	Dutch	PDF
Abridged model	30/09/2013	02/12/2013	08/01/2014	Dutch	PDF
Abridged model	30/09/2012	03/12/2012	13/09/2013	Dutch	PDF
Abridged model	30/09/2011	30/03/2012	27/04/2012	Dutch	PDF
Abridged model	30/09/2010	06/12/2010	29/04/2011	Dutch	PDF
Abridged model	30/09/2009	01/02/2010	18/02/2010	Dutch	PDF
Abridged model	30/09/2008	30/03/2009	31/03/2009	Dutch	PDF
Abridged model	30/09/2007	03/12/2007	28/02/2008	Dutch	PDF
Abridged model	30/09/2006	28/12/2006	27/02/2007	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 30/09/2025 · 2 active · 7 ended

Active mandates

ELTHYCO HOLDING

Mandate · 0733.734.031

Represented by Thijs Hans

Active

Jef Thijs

Mandate

Active

Ended mandates

ELTHYCO HOLDING

Director · since 18 septembre 2020 · 0733.734.031

Ended

ELTHYCO HOLDING

Mandate · 0733.734.031

Represented by Hans Thijs

Ended

ELTHYCO HOLDING

Mandate · 0733.734.031

Ended

Jef Thys

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office02/01/2026
MAATSCHAPPELIJKE ZETEL
PDF
Mandates02/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/09/2020
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Registered office19/06/2012
MAATSCHAPPELIJKE ZETEL
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 2025246,9 k €↓
2024
Annual accounts 2024531,4 k €↓
2023
Annual accounts 2023756,5 k €↑
2022
Annual accounts 2022382 k €↑
2021
Annual accounts 2021261,4 k €↑
2020
Annual accounts 2020112,1 k €↓
2019
Annual accounts 2019174,1 k €↑
2018
Annual accounts 201879,9 k €↓
2017
Annual accounts 2017123,1 k €↑
2016
Annual accounts 201642,8 k €↑
2015
Annual accounts 201535,1 k €↑
2014
Annual accounts 201429,2 k €↓
2013
Annual accounts 201333,8 k €↑
2012
Annual accounts 201220,8 k €↓
2011
Annual accounts 201121,5 k €↓
2010
Annual accounts 201035,6 k €↑
2009
Annual accounts 200931,2 k €↓
2008
Annual accounts 200861 k €↑
2007
Annual accounts 200724,9 k €
11/03/1998
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

elTHYC

Overview

What does elTHYC 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