ACTIVE

ELVEE

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Financial year 2025 · closed on 30/09/2025
Net result
59,9 k €
-77.9% YoY
Gross margin
246,1 k €
-60.2% YoY
Equity
775,8 k €
+8.4% YoY
Workforce
3,7 ETP
+60.9% YoY

What does ELVEE do?

ELVEE is a Public limited company incorporated in 1999. Its main activity is: Manufacture of furniture. Its registered office is in Antwerpen. It employs on average 3,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0467.166.846
Incorporation
28/10/1999
Legal form
Public limited company
Registered office
Albrecht Dürerstraat 17
2050 Antwerpen · FlandreSee on map
Contributed capital
74 368,06 €
Latest accounts
30/09/2025
Average workforce
3,7 ETP
Activities (NACE)
31004Manufacture of furniture· main31091Manufacture of other furniture43320Joinery installation43320Joinery installation45421Sale, maintenance and repair of motorcycles and related parts and accessories68203Rental and operating of own or leased real estate+4
Joint committees (2)
  • 126
  • 218
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222020201920142013201220112010200920082007
Income statement
Gross margin246,1 k €617,8 k €418,4 k €475,6 k €313,7 k €273,3 k €175,3 k €183,6 k €219,5 k €207,3 k €157 k €143,9 k €131 k €109,1 k €
EBITDA142,3 k €541,6 k €304,4 k €313,8 k €220 k €195,1 k €125 k €129,4 k €146,6 k €155,1 k €123,7 k €134,5 k €116,5 k €100,2 k €
Operating result81,8 k €373,2 k €105 k €99,9 k €36,8 k €45,5 k €26 k €28,8 k €33,1 k €26,1 k €46,8 k €21,2 k €53,7 k €31 k €
Net result59,9 k €270,9 k €62,4 k €59,7 k €21,3 k €29,4 k €12,7 k €5,3 k €3,5 k €5,8 k €15 k €6,9 k €22,4 k €8,8 k €
Balance sheet
Equity775,8 k €715,9 k €445 k €382,6 k €322,9 k €301,6 k €179,1 k €166,4 k €161,1 k €157,7 k €151,9 k €136,9 k €130 k €112,6 k €
Total assets2,2 M €2,3 M €2,3 M €2,4 M €2 M €1,6 M €1 M €1,1 M €1,2 M €1,3 M €858 k €906,9 k €653,6 k €731,5 k €
Cash261,4 k €241,8 k €355,8 k €202,9 k €120,3 k €244,8 k €27,2 k €40,3 k €43 k €75,4 k €30,9 k €30,7 k €43,9 k €47,4 k €
Debts1,3 M €1,4 M €1,8 M €1,9 M €1,6 M €1,3 M €824,6 k €953,2 k €1,1 M €1,2 M €689,7 k €761 k €508,9 k €618,9 k €
Other
Workforce3,7 ETP2,3 ETP3,5 ETP–––2,0 ETP2,0 ETP2,2 ETP1,7 ETP0,6 ETP0,3 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 · 11 ended

Active mandates

Elza Hoelebrandt

Director · since 20 septembre 2017 · until 01 juin 2029

Active
Luc Verschelden

Managing director · since 20 septembre 2017 · until 01 juin 2029

Active

Ended mandates

Elza Hoelebrandt

Director · since 20 septembre 2017 · until 01 juin 2023

Ended
Luc Verschelden

Managing director · since 20 septembre 2017 · until 01 juin 2023

Ended
Elza Hoelebrandt

Director · since 11 novembre 2011 · until 11 novembre 2017

Ended
Elza Hoelebrandt

Director · since 11 novembre 2011 · until 11 novembre 2023

Ended
Annual accounts

Full financial information

202520242023202220202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro modelMicro model
Start of the financial year01/10/202401/10/202301/10/202201/01/202101/01/202001/01/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202231/12/202031/12/2019
Length of the financial year12 months12 months12 months21 months12 months12 months
Filing date31/08/202626/06/202529/04/202403/04/202316/11/202118/09/2020
General meeting28/05/202607/05/202526/04/202423/03/202308/11/202125/08/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202528/05/202631/08/2026DutchPDF
Abridged model30/09/202407/05/202526/06/2025DutchPDF
Abridged model30/09/202326/04/202429/04/2024DutchPDF
Abridged model30/09/202223/03/202303/04/2023DutchPDF
Micro model31/12/202008/11/202116/11/2021DutchPDF
Micro model31/12/201925/08/202018/09/2020DutchPDF
Micro model31/12/201804/10/201912/11/2019DutchPDF
Micro model31/12/201726/09/201827/09/2018DutchPDF
Abridged model31/12/201620/09/201728/09/2017DutchPDF
Abridged model31/12/201501/09/201629/09/2016DutchPDF
Abridged model30/06/201422/12/201415/01/2015DutchPDF
Abridged model30/06/201309/12/201307/01/2014DutchPDF
Abridged model30/06/201225/01/201312/02/2013DutchPDF
Abridged model30/06/201107/02/201229/02/2012DutchPDF
Abridged model30/06/201020/01/201115/02/2011DutchPDF
Abridged model30/06/200927/01/201002/06/2010DutchPDF
Abridged model30/06/200824/02/200905/03/2009DutchPDF
Abridged model30/06/200711/02/200814/02/2008DutchPDF
Abridged model30/06/200624/01/200705/02/2007DutchPDF
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 · 11 ended

Active mandates

Elza Hoelebrandt

Director · since 20 septembre 2017 · until 01 juin 2029

Active
Luc Verschelden

Managing director · since 20 septembre 2017 · until 01 juin 2029

Active

Ended mandates

Elza Hoelebrandt

Director · since 20 septembre 2017 · until 01 juin 2023

Ended
Luc Verschelden

Managing director · since 20 septembre 2017 · until 01 juin 2023

Ended
Elza Hoelebrandt

Director · since 11 novembre 2011 · until 11 novembre 2017

Ended
Elza Hoelebrandt

Director · since 11 novembre 2011 · until 11 novembre 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates15/06/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other24/01/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN
    PDF
  • Other19/01/2022
    ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates17/11/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other17/06/2015
    BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates02/02/2012
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/01/2010
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/05/2006
    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

Timeline

  1. 2025
    Annual accounts 202559,9 k €↓
  2. 2024
    Annual accounts 2024270,9 k €↑
  3. 2023
    Annual accounts 202362,4 k €↑
  4. 2022
    Annual accounts 202259,7 k €↑
  5. 2020
    Annual accounts 202021,3 k €↓
  6. 2019
    Annual accounts 201929,4 k €↑
  7. 2014
    Annual accounts 201412,7 k €↑
  8. 2013
    Annual accounts 20135,3 k €↑
  9. 2012
    Annual accounts 20123,5 k €↓
  10. 2011
    Annual accounts 20115,8 k €↓
  11. 2010
    Annual accounts 201015 k €↑
  12. 2009
    Annual accounts 20096,9 k €↓
  13. 2008
    Annual accounts 200822,4 k €↑
  14. 2007
    Annual accounts 20078,8 k €
  15. 28/10/1999
    IncorporationPublic limited company