ACTIVE

ELBEX TECHNOLOGIES

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Financial year 2025 · closed on 31/12/2025

Net result

48,5 k €

+47.1% YoY

Gross margin

533,2 k €

-0.5% YoY

Equity

534,2 k €

+10.0% YoY

Workforce

3,1 ETP

What does ELBEX TECHNOLOGIES do?

ELBEX TECHNOLOGIES is a Private limited company incorporated in 1999. Its registered office is in Antwerpen. It employs on average 3,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0465.344.236

Incorporation

25/02/1999

Legal form

Private limited company

Registered office

Katwilgweg 11
2050 Antwerpen · FlandreSee on map

Contributed capital

182 216,35 €

Latest accounts

31/12/2025

Average workforce

3,1 ETP

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

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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	533,2 k €	-0.5%	536 k €	-1.1%	542 k €	+48.3%	365,4 k €	+6.6%	342,7 k €	-14.7%	401,8 k €	+14.1%	352,2 k €	-10.2%	392 k €	+15.2%	340,3 k €	-5.4%	359,6 k €	-2.5%	368,8 k €	+11.3%	331,5 k €	-20.1%	414,7 k €	+27.5%	325,4 k €	+14.5%	284,2 k €	-24.3%	375,4 k €	-0.9%	378,7 k €	+10.9%	341,4 k €	+9.9%	310,7 k €
EBITDA	188,7 k €	-10.8%	211,4 k €	-0.8%	213 k €	+177%	77 k €	+31.3%	58,6 k €	-10.0%	65,2 k €	+3.7%	62,9 k €	-32.1%	92,6 k €	+68.7%	54,9 k €	-4.9%	57,7 k €	-22.2%	74,3 k €	+64.9%	45 k €	-48.5%	87,4 k €	+96.0%	44,6 k €	+13.7%	39,2 k €	-48.7%	76,5 k €	+16.8%	65,5 k €	+127%	28,8 k €	-53.9%	62,5 k €
Operating result	113,9 k €	-25.2%	152,2 k €	-12.1%	173,2 k €	+274%	46,3 k €	+14.1%	40,6 k €	-5.0%	42,7 k €	+5.0%	40,7 k €	+17.2%	34,7 k €	-4.3%	36,2 k €	+38.8%	26,1 k €	+28.3%	20,3 k €	+5.8%	19,2 k €	+9.0%	17,7 k €	+12.9%	15,6 k €	-10.7%	17,5 k €	-60.7%	44,6 k €	+138%	18,7 k €	+208%	-17,3 k €	-213%	15,3 k €
Net result	48,5 k €	+47.1%	33 k €	-75.1%	132,2 k €	+513%	21,6 k €	+32.3%	16,3 k €	+14.3%	14,3 k €	+43.4%	9,9 k €	+50.0%	6,6 k €	+124%	3 k €	+10.8%	2,7 k €	-34.7%	4,1 k €	+7.5%	3,8 k €	-64.6%	10,8 k €	+135%	4,6 k €	+187%	1,6 k €	-72.5%	5,8 k €	-36.4%	9,1 k €	+300%	2,3 k €	+357%	500 €
Balance sheet
Equity	534,2 k €	+10.0%	485,7 k €	+7.3%	452,8 k €	-0.9%	456,9 k €	+5.0%	435,4 k €	+3.9%	419,1 k €	+3.5%	404,8 k €	+2.5%	394,8 k €	+1.7%	388,2 k €	+0.8%	385,2 k €	+0.7%	382,6 k €	+1.1%	378,5 k €	+1.0%	374,7 k €	+3.0%	363,9 k €	+1.3%	359,3 k €	+6.4%	337,7 k €	+1.8%	331,9 k €	+2.8%	322,8 k €	+0.7%	320,5 k €
Total assets	2,1 M €	-14.4%	2,5 M €	+27.0%	2 M €	-12.0%	2,2 M €	+68.0%	1,3 M €	+36.9%	967,2 k €	+17.4%	823,8 k €	+9.7%	751,1 k €	+12.0%	670,6 k €	-1.4%	680,4 k €	-14.0%	790,7 k €	-5.2%	833,9 k €	-3.4%	863,7 k €	-16.7%	1 M €	+0.3%	1 M €	+33.6%	773,6 k €	-34.3%	1,2 M €	+35.8%	867,2 k €	-28.0%	1,2 M €
Cash	159,7 k €	+209%	51,7 k €	-82.8%	301,2 k €	-30.1%	430,8 k €	+66.4%	259 k €	+200%	86,4 k €	+7.2%	80,6 k €	+57.2%	51,3 k €	+242%	15 k €	+115%	7 k €	-91.1%	78,8 k €	+29.0%	61,1 k €	+154%	24,1 k €	+65.4%	14,6 k €	-46.5%	27,2 k €	+1064%	2,3 k €	-73.6%	8,9 k €	-90.0%	88,2 k €	-72.1%	316,5 k €
Debts	1,6 M €	-20.3%	2 M €	+32.9%	1,5 M €	-14.9%	1,8 M €	+98.9%	888,4 k €	+62.1%	548,1 k €	+30.8%	419 k €	+17.6%	356,2 k €	+26.1%	282,4 k €	-4.3%	295,1 k €	-27.7%	408,2 k €	-10.4%	455,4 k €	-6.9%	489 k €	-27.3%	673 k €	-0.2%	674,3 k €	+55.6%	433,5 k €	-48.8%	846 k €	+55.4%	544,4 k €	-38.5%	884,6 k €
Other
Workforce	3,1 ETP		0,0 ETP	-100%	3,7 ETP	+19.4%	3,1 ETP	-26.2%	4,2 ETP	-6.7%	4,5 ETP	+2.3%	4,4 ETP	-2.2%	4,5 ETP	0.0%	4,5 ETP	-8.2%	4,9 ETP	-7.5%	5,3 ETP	+39.5%	3,8 ETP	-15.6%	4,5 ETP	+9.8%	4,1 ETP	+7.9%	3,8 ETP	-19.1%	4,7 ETP	-13.0%	5,4 ETP	-1.8%	5,5 ETP	+22.2%	4,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Bert Waumans

Director · since 28 février 2023

Active

Ended mandates

David Elberbaum

Manager · since 15 décembre 2009

Ended

Bert Waumans

Director

Ended

Bert Waumans

Manager

Ended

David Elberbaum

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
DIGIFORT● Active	1040.229.582
ELBEX BENELUX● Active	0441.502.032

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	05/06/2026	28/08/2025	10/07/2024	30/08/2023	27/10/2022	26/07/2021
General meeting	18/04/2026	14/05/2025	28/03/2024	31/05/2023	30/06/2022	30/06/2021
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	18/04/2026	05/06/2026	Dutch	PDF
Abridged model	31/12/2024	14/05/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	28/03/2024	10/07/2024	Dutch	PDF
Abridged model	31/12/2022	31/05/2023	30/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	27/10/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	26/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	31/12/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	31/03/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	24/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	31/08/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	31/08/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	25/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	30/09/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	30/07/2009	Dutch	PDF
Abridged model	31/12/2007	10/06/2008	23/07/2008	Dutch	PDF
Abridged model	31/12/2006	24/01/2007	30/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 1 active · 6 ended

Active mandates

Bert Waumans

Director · since 28 février 2023

Active

Ended mandates

David Elberbaum

Manager · since 15 décembre 2009

Ended

Bert Waumans

Director

Ended

Bert Waumans

Manager

Ended

David Elberbaum

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/08/2011
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates07/02/2007
MAATSCHAPPELIJKE ZETEL - BENAMING - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - DOEL - ALGEMENE VERGADERING - 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 202548,5 k €↑
2024
Annual accounts 202433 k €↓
2023
Annual accounts 2023132,2 k €↑
2022
Annual accounts 202221,6 k €↑
2021
Annual accounts 202116,3 k €↑
2020
Annual accounts 202014,3 k €↑
2019
Annual accounts 20199,9 k €↑
2018
Annual accounts 20186,6 k €↑
2017
Annual accounts 20173 k €↑
2016
Annual accounts 20162,7 k €↓
2015
Annual accounts 20154,1 k €↑
2014
Annual accounts 20143,8 k €↓
2013
Annual accounts 201310,8 k €↑
2012
Annual accounts 20124,6 k €↑
2011
Annual accounts 20111,6 k €↓
2010
Annual accounts 20105,8 k €↓
2009
Annual accounts 20099,1 k €↑
2008
Annual accounts 20082,3 k €↑
2007
Annual accounts 2007500 €
25/02/1999
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

ELBEX TECHNOLOGIES

Overview

What does ELBEX TECHNOLOGIES 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