ACTIVE

Elia Engineering

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

1,8 M €

+10.7% YoY

Revenue

51,3 M €

+18.1% YoY

Equity

15,4 M €

+12.9% YoY

Workforce

284,6 ETP

+16.2% YoY

What does Elia Engineering do?

Elia Engineering is a Public limited company incorporated in 2000. Its registered office is in Bruxelles. It employs on average 284,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0471.869.861

Incorporation

12/05/2000

Legal form

Public limited company

Registered office

Boulevard de l'Empereur 20
1000 Bruxelles · BruxellesSee on map

Contributed capital

307 266,00 €

Latest accounts

31/12/2025

Average workforce

284,6 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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	51,3 M €	+18.1%	43,4 M €	+14.2%	38,1 M €	+13.3%	33,6 M €	+6.4%	31,6 M €	+0.6%	31,4 M €	-6.3%	33,5 M €	-4.3%	35 M €	-13.3%	40,3 M €	+12.6%	35,8 M €	+12.3%	31,9 M €	-1.7%	32,5 M €	-4.7%	34,1 M €	+8.3%	31,5 M €	+12.2%	28,1 M €	+3.9%	27 M €	-7.2%	29,1 M €	-2.1%	29,7 M €	-12.5%	34 M €
EBITDA	2,5 M €	+16.8%	2,2 M €	+13.9%	1,9 M €	+14.3%	1,7 M €	+6.1%	1,6 M €	+0.4%	1,6 M €	-5.3%	1,7 M €	-5.2%	1,8 M €	-12.3%	2 M €	+15.8%	1,7 M €	+11.0%	1,6 M €	-1.3%	1,6 M €	-26.8%	2,2 M €	+27.2%	1,7 M €	+5.2%	1,6 M €	+2.1%	1,6 M €	-9.7%	1,7 M €	-1.7%	1,8 M €	-18.6%	2,2 M €
Operating result	2,4 M €	+17.7%	2,1 M €	+14.5%	1,8 M €	+13.4%	1,6 M €	+6.4%	1,5 M €	+0.7%	1,5 M €	-6.2%	1,6 M €	-4.7%	1,7 M €	-13.1%	1,9 M €	+12.6%	1,7 M €	+11.2%	1,5 M €	-1.0%	1,5 M €	-22.0%	2 M €	+32.8%	1,5 M €	+11.8%	1,3 M €	+8.8%	1,2 M €	-11.4%	1,4 M €	-2.1%	1,4 M €	-21.4%	1,8 M €
Net result	1,8 M €	+10.7%	1,6 M €	+39.5%	1,1 M €	+38.7%	823,2 k €	-3.1%	849,6 k €	+11.4%	762,8 k €	+2.7%	742,8 k €	-15.1%	874,5 k €	-7.6%	946,5 k €	+3.4%	915,5 k €	+11.1%	824,1 k €	-11.1%	927,2 k €	+38.1%	671,6 k €	-16.2%	801,3 k €	+12.5%	712,3 k €	-5.7%	755,8 k €	-16.6%	906,1 k €	-29.9%	1,3 M €	-10.7%	1,4 M €
Balance sheet
Equity	15,4 M €	+12.9%	13,7 M €	+13.2%	12,1 M €	+10.4%	10,9 M €	+8.1%	10,1 M €	+9.2%	9,3 M €	+9.0%	8,5 M €	+9.6%	7,8 M €	+12.7%	6,9 M €	+15.9%	5,9 M €	+18.2%	5 M €	+19.6%	4,2 M €	+28.3%	3,3 M €	+25.8%	2,6 M €	+44.4%	1,8 M €	+65.1%	1,1 M €	-86.9%	8,3 M €	0.0%	8,3 M €	0.0%	8,3 M €
Total assets	25,9 M €	+15.2%	22,5 M €	-1.7%	22,9 M €	+23.5%	18,5 M €	+9.4%	16,9 M €	+8.8%	15,6 M €	+2.4%	15,2 M €	+7.2%	14,2 M €	+5.8%	13,4 M €	+0.4%	13,3 M €	+18.6%	11,2 M €	+8.9%	10,3 M €	+5.5%	9,8 M €	+10.1%	8,9 M €	+8.1%	8,2 M €	-0.3%	8,3 M €	-54.1%	18 M €	-5.3%	19 M €	+1.6%	18,7 M €
Cash	1,1 M €	+4.8%	1 M €	+26.6%	797,6 k €	-14.0%	927,6 k €	+1.8%	911,5 k €	-57.7%	2,2 M €	-32.9%	3,2 M €	+74.9%	1,8 M €	-48.9%	3,6 M €	+8.5%	3,3 M €	+426%	630,4 k €	+8.9%	578,6 k €	+260%	160,9 k €	-9.2%	177,2 k €	+117%	81,6 k €	-31.3%	118,9 k €	-31.3%	173,1 k €	+44.0%	120,2 k €	+70.1%	70,7 k €
Debts	10,4 M €	+18.8%	8,8 M €	-18.5%	10,8 M €	+42.3%	7,6 M €	+11.3%	6,8 M €	+8.3%	6,3 M €	-6.0%	6,7 M €	+4.5%	6,4 M €	-1.6%	6,5 M €	-12.1%	7,4 M €	+19.1%	6,2 M €	+2.1%	6,1 M €	-2.9%	6,3 M €	+6.2%	5,9 M €	+4.1%	5,7 M €	-0.3%	5,7 M €	-25.9%	7,7 M €	-3.2%	7,9 M €	+13.3%	7 M €
Other
Workforce	284,6 ETP	+16.2%	244,9 ETP	+16.6%	210,1 ETP	+4.9%	200,3 ETP	+5.5%	189,9 ETP	-0.4%	190,7 ETP	+2.9%	185,3 ETP	-0.3%	185,8 ETP	-3.9%	193,4 ETP	+8.5%	178,2 ETP	+3.2%	172,6 ETP	+0.6%	171,5 ETP	+10.4%	155,4 ETP	+8.8%	142,8 ETP	-0.1%	142,9 ETP	+1.0%	141,5 ETP	-3.1%	146,1 ETP	-15.3%	172,5 ETP	-6.4%	184,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 56 ended

Active mandates

Claire Tomasina

Director · since 13 mars 2026 · until 08 mai 2029

Active

David Zenner

Managing director · since 14 mai 2024 · until 11 mai 2027

Active

Markus Berger

Chairman of the board of directors · since 14 mai 2024 · until 12 mars 2026

Active

Peter Michiels

Director · since 14 mai 2024 · until 12 mars 2026

Active

Ended mandates

David Zenner

Director · since 14 mai 2024 · until 11 mai 2027

Ended

Markus Berger

Chairman of the board of directors · since 14 mai 2024 · until 11 mai 2027

Ended

Peter Michiels

Director · since 14 mai 2024 · until 11 mai 2027

Ended

Peter Michiels

Director · since 10 mai 2022 · until 14 mai 2024

Ended

At this address

Other companies at this address

Company	CBE no.
ELIA ASSET● Active	0475.028.202
ELIA GRID INTERNATIONAL● Active	0549.780.459
Elia Group● Active	0476.388.378
Elia Transmission Belgium● Active	0731.852.231
EUROGRID INTERNATIONAL● Active	0823.637.886
re.alto-energy● Active	0731.852.330
WindGrid● Active	0784.365.061

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	04/06/2026	20/06/2025	24/06/2024	14/06/2023	24/06/2022	11/05/2021
General meeting	12/05/2026	13/05/2025	14/05/2024	09/05/2023	10/05/2022	30/04/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

40 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	12/05/2026	04/06/2026	French	PDF
Full model	31/12/2025	12/05/2026	04/06/2026	Dutch	PDF
Full model	31/12/2024	13/05/2025	20/06/2025	French	PDF
Full model	31/12/2024	13/05/2025	20/06/2025	Dutch	PDF
Full model	31/12/2023	14/05/2024	24/06/2024	Dutch	PDF
Full model	31/12/2023	14/05/2024	24/06/2024	French	PDF
Full model	31/12/2022	09/05/2023	14/06/2023	French	PDF
Full model	31/12/2022	09/05/2023	14/06/2023	Dutch	PDF
Full model	31/12/2021	10/05/2022	24/06/2022	Dutch	PDF
Full model	31/12/2021	10/05/2022	24/06/2022	French	PDF
Full model	31/12/2020	30/04/2021	11/05/2021	Dutch	PDF
Full model	31/12/2020	30/04/2021	11/05/2021	French	PDF
Full model	31/12/2019	24/04/2020	13/05/2020	Dutch	PDF
Full model	31/12/2019	24/04/2020	12/05/2020	French	PDF
Full model	31/12/2018	26/04/2019	22/05/2019	French	PDF
Full model	31/12/2018	26/04/2019	22/05/2019	Dutch	PDF
Full model	31/12/2017	27/04/2018	31/05/2018	Dutch	PDF
Full model	31/12/2017	27/04/2018	31/05/2018	French	PDF
Full model	31/12/2016	28/04/2017	11/05/2017	Dutch	PDF
Full model	31/12/2016	28/04/2017	11/05/2017	French	PDF
Full model	31/12/2015	29/04/2016	20/05/2016	Dutch	PDF
Full model	31/12/2015	29/04/2016	20/05/2016	French	PDF
Full model	31/12/2014	24/04/2015	04/06/2015	French	PDF
Full model	31/12/2014	24/04/2015	04/06/2015	Dutch	PDF

View all 40 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2025 · 4 active · 56 ended

Active mandates

Claire Tomasina

Director · since 13 mars 2026 · until 08 mai 2029

Active

David Zenner

Managing director · since 14 mai 2024 · until 11 mai 2027

Active

Markus Berger

Chairman of the board of directors · since 14 mai 2024 · until 12 mars 2026

Active

Peter Michiels

Director · since 14 mai 2024 · until 12 mars 2026

Active

Ended mandates

David Zenner

Director · since 14 mai 2024 · until 11 mai 2027

Ended

Markus Berger

Chairman of the board of directors · since 14 mai 2024 · until 11 mai 2027

Ended

Peter Michiels

Director · since 14 mai 2024 · until 11 mai 2027

Ended

Peter Michiels

Director · since 10 mai 2022 · until 14 mai 2024

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other11/09/2026
Neerlegging van een mededeling overeenkomstig artikel 2:8, $4 van het
PDF
Other11/09/2026
Dépôt d'une déclaration conformément à l'article 2:8, $4 du Code des
PDF
Restructuring04/09/2026
dépôt du projet de fusion
PDF
Restructuring04/09/2026
Neerlegging fusievoorstel
PDF
Mandates15/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates07/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/11/2025
DEMISSIONS, NOMINATIONS
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 20251,8 M €↑
2024
Annual accounts 20241,6 M €↑
2023
Annual accounts 20231,1 M €↑
2022
Annual accounts 2022823,2 k €↓
2021
Annual accounts 2021849,6 k €↑
2020
Annual accounts 2020762,8 k €↑
2019
Annual accounts 2019742,8 k €↓
2018
Annual accounts 2018874,5 k €↓
2017
Annual accounts 2017946,5 k €↑
2016
Annual accounts 2016915,5 k €↑
2015
Annual accounts 2015824,1 k €↓
2014
Annual accounts 2014927,2 k €↑
2013
Annual accounts 2013671,6 k €↓
2012
Annual accounts 2012801,3 k €↑
2011
Annual accounts 2011712,3 k €↓
2010
Annual accounts 2010755,8 k €↓
2009
Annual accounts 2009906,1 k €↓
2008
Annual accounts 20081,3 M €↓
2007
Annual accounts 20071,4 M €
12/05/2000
IncorporationPublic 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

Elia Engineering

Overview

What does Elia Engineering 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