ACTIVE

Elsen-Houben

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Financial year 2025 · closed on 31/12/2025

Net result

60,3 k €

-86.3% YoY

Gross margin

147,2 k €

-80.1% YoY

Equity

817,1 k €

+8.0% YoY

Workforce

0,0 ETP

-100.0% YoY

What does Elsen-Houben do?

Elsen-Houben is a Private limited company incorporated in 1999. Its main activity is: Construction of buildings. Its registered office is in Lummen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0465.486.667

Incorporation

19/03/1999

Legal form

Private limited company

Registered office

Voortstraat 15 box 2
3560 Lummen · FlandreSee on map

Contributed capital

55 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

41001Construction of buildings· main 43410Specialised construction activities 64210Activities of holding companies 68121Buying and selling of own real estate 70200Management consultancy activities

Joint committees (5)

124
1240
200
2000
218

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	147,2 k €	-80.1%	738,5 k €	+152%	293,4 k €	+1.5%	289 k €	+5.7%	273,3 k €	+1.3%	269,9 k €	+28.5%	210,1 k €	+7.5%	195,5 k €	+17.7%	166,1 k €	-34.5%	253,5 k €	+4.1%	243,4 k €	+9.9%	221,5 k €	+0.6%	220,2 k €	-2.7%	226,3 k €	+13.4%	199,5 k €	+14.2%	174,7 k €	+0.1%	174,4 k €	-2.8%	179,4 k €	-11.1%	201,8 k €	+65.8%	121,7 k €
EBITDA	143,7 k €	-76.2%	603,1 k €	+584%	88,1 k €	-0.5%	88,6 k €	-19.5%	110 k €	-18.9%	135,7 k €	+83.4%	74 k €	+7.9%	68,5 k €	+78.4%	38,4 k €	-62.6%	102,7 k €	+18.8%	86,4 k €	+97.9%	43,7 k €	-43.1%	76,7 k €	+6.0%	72,4 k €	+0.2%	72,2 k €	-8.1%	78,6 k €	-10.6%	87,9 k €	+12.0%	78,5 k €	-2.5%	80,5 k €	+373%	17 k €
Operating result	85,3 k €	-85.2%	577 k €	+1971%	27,9 k €	-23.2%	36,3 k €	-27.3%	49,9 k €	-45.3%	91,2 k €	+359%	19,9 k €	-26.6%	27,1 k €	+200%	-27 k €	-137%	72,6 k €	+32.2%	54,9 k €	+315%	13,2 k €	-67.2%	40,3 k €	+62.1%	24,9 k €	-31.4%	36,3 k €	-2.5%	37,2 k €	-32.1%	54,8 k €	+6.1%	51,6 k €	-10.8%	57,9 k €	+904%	5,8 k €
Net result	60,3 k €	-86.3%	440,2 k €	+4300%	10 k €	-17.6%	12,1 k €	-60.2%	30,5 k €	-55.1%	68 k €	+791%	7,6 k €	-63.2%	20,8 k €	+164%	-32,4 k €	-172%	44,9 k €	+34.1%	33,5 k €	+295%	8,5 k €	-65.2%	24,3 k €	+59.8%	15,2 k €	-36.6%	24 k €	+3.4%	23,3 k €	-39.1%	38,2 k €	+0.3%	38,1 k €	-10.5%	42,5 k €	+755%	5 k €
Balance sheet
Equity	817,1 k €	+8.0%	756,8 k €	+139%	316,6 k €	+3.3%	306,6 k €	+4.1%	294,4 k €	-19.1%	363,9 k €	+23.0%	295,9 k €	+2.6%	288,3 k €	+7.8%	267,5 k €	-10.8%	299,9 k €	+17.6%	255 k €	+15.1%	221,5 k €	+184%	78 k €	-64.8%	221,9 k €	+7.4%	206,7 k €	+13.2%	182,7 k €	-29.6%	259,4 k €	+17.3%	221,2 k €	+20.8%	183,2 k €	+30.2%	140,7 k €
Total assets	3,2 M €	-0.8%	3,3 M €	+239%	961,1 k €	+5.4%	912,1 k €	-2.3%	933,7 k €	-2.7%	959,2 k €	+7.3%	893,9 k €	+22.6%	729 k €	+10.2%	661,5 k €	+30.7%	506,3 k €	+9.6%	462,1 k €	+22.4%	377,6 k €	-2.7%	387,9 k €	-12.1%	441,2 k €	+15.8%	380,9 k €	-1.6%	387,3 k €	-9.6%	428,5 k €	+10.7%	387 k €	+6.9%	362,1 k €	+47.3%	245,9 k €
Cash	272,9 k €	-38.1%	440,8 k €	+270%	119,1 k €	+2.6%	116,1 k €	+8.9%	106,6 k €	-14.6%	124,9 k €	-13.1%	143,8 k €	-17.4%	174 k €	-9.8%	192,9 k €	-37.7%	309,5 k €	+23.6%	250,4 k €	+13.5%	220,6 k €	+28.2%	172,1 k €	-12.7%	197,1 k €	-9.6%	218 k €	+34.4%	162,2 k €	-16.5%	194,3 k €	+43.8%	135,1 k €	-11.8%	153,2 k €	+141%	63,7 k €
Debts	2,3 M €	-3.5%	2,4 M €	+275%	634 k €	+5.7%	600,1 k €	-5.7%	636,5 k €	+7.6%	591,6 k €	-0.6%	595,3 k €	+35.1%	440,8 k €	+12.1%	393,4 k €	+90.6%	206,4 k €	-0.3%	207,1 k €	+32.6%	156,1 k €	-49.6%	309,9 k €	+41.4%	219,2 k €	+25.8%	174,2 k €	-14.9%	204,6 k €	+21.0%	169,1 k €	+2.0%	165,7 k €	-6.5%	177,2 k €	+68.5%	105,2 k €
Other
Workforce	0,0 ETP	-100%	2,3 ETP	-39.5%	3,8 ETP	-7.3%	4,1 ETP		–		–		–		–		–		–		3,8 ETP	-9.5%	4,2 ETP	+16.7%	3,6 ETP	-12.2%	4,1 ETP	+24.2%	3,3 ETP	+17.9%	2,8 ETP	+12.0%	2,5 ETP	0.0%	2,5 ETP	-28.6%	3,5 ETP	+20.7%	2,9 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 · 3 active · 4 ended

Active mandates

Joseph Elsen

Director · since 01 novembre 2024

Active

Joke Degol

Director · since 02 octobre 2024

Active

Thomas ELSEN

Director · since 30 septembre 2021

Active

Ended mandates

Joseph Elsen

Manager

Ended

JOSEPH ELSEN

Director

Ended

Thomas Elsen

Manager

Ended

THOMAS ELSEN

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged 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	01/07/2026	01/07/2025	24/06/2024	27/06/2023	24/08/2022	26/07/2021
General meeting	29/06/2026	30/06/2025	24/06/2024	26/06/2023	27/06/2022	28/06/2021
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	29/06/2026	01/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	01/07/2025	Dutch	PDF
Abridged model	31/12/2023	24/06/2024	24/06/2024	Dutch	PDF
Abridged model	31/12/2022	26/06/2023	27/06/2023	Dutch	PDF
Micro model	31/12/2021	27/06/2022	24/08/2022	Dutch	PDF
Micro model	31/12/2020	28/06/2021	26/07/2021	Dutch	PDF
Micro model	31/12/2019	29/06/2020	24/08/2020	Dutch	PDF
Micro model	31/12/2018	24/06/2019	05/08/2019	Dutch	PDF
Micro model	31/12/2017	25/06/2018	28/06/2018	Dutch	PDF
Micro model	31/12/2016	26/06/2017	14/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	08/08/2016	Dutch	PDF
Abridged model	31/12/2014	29/06/2015	04/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	01/07/2014	Dutch	PDF
Abridged model	31/12/2012	24/06/2013	06/08/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	06/08/2012	Dutch	PDF
Abridged model	31/12/2010	27/06/2011	12/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/06/2010	12/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/06/2009	16/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	25/08/2008	Dutch	PDF
Abridged model	31/12/2006	25/06/2007	02/07/2007	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 · 3 active · 4 ended

Active mandates

Joseph Elsen

Director · since 01 novembre 2024

Active

Joke Degol

Director · since 02 octobre 2024

Active

Thomas ELSEN

Director · since 30 septembre 2021

Active

Ended mandates

Joseph Elsen

Manager

Ended

JOSEPH ELSEN

Director

Ended

Thomas Elsen

Manager

Ended

THOMAS ELSEN

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/10/2024
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/10/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares21/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office02/08/2006
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Mandates27/04/2006
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 202560,3 k €↓
2024
Annual accounts 2024440,2 k €↑
2023
Annual accounts 202310 k €↓
2022
Annual accounts 202212,1 k €↓
2021
Annual accounts 202130,5 k €↓
2020
Annual accounts 202068 k €↑
2019
Annual accounts 20197,6 k €↓
2018
Annual accounts 201820,8 k €↑
2017
Annual accounts 2017-32,4 k €↓
2016
Annual accounts 201644,9 k €↑
2015
Annual accounts 201533,5 k €↑
2014
Annual accounts 20148,5 k €↓
2013
Annual accounts 201324,3 k €↑
2012
Annual accounts 201215,2 k €↓
2011
Annual accounts 201124 k €↑
2010
Annual accounts 201023,3 k €↓
2009
Annual accounts 200938,2 k €↑
2008
Annual accounts 200838,1 k €↓
2007
Annual accounts 200742,5 k €↑
2006
Annual accounts 20065 k €
19/03/1999
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

Elsen-Houben

Overview

What does Elsen-Houben 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