ACTIVE

ELSO

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Financial year 2024 · closed on 31/12/2024

Net result

23 k €

+875.0% YoY

Revenue

99,3 k €

+77.4% YoY

Equity

-120,5 k €

+16.0% YoY

What does ELSO do?

ELSO is a Public limited company incorporated in 2001. Its registered office is in Herstal.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.868.259

Incorporation

19/01/2001

Legal form

Public limited company

Registered office

Rue de l'Abbaye 35
4040 Herstal · WallonieSee on map

Contributed capital

184 874,00 €

Latest accounts

31/12/2024

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	99,3 k €	+77.4%	56 k €	+70.4%	32,9 k €	-39.4%	54,2 k €	+42.5%	38 k €	+1.4%	37,5 k €		–		–		–		–		–		–		–		–		–		–		–		33,8 k €
EBITDA	56,3 k €	+64.6%	34,2 k €	+19.4%	28,7 k €	-36.2%	44,9 k €	+954%	-5,3 k €	-120%	26,2 k €	-42.9%	45,8 k €	+306%	11,3 k €	+225%	-9,1 k €	-0.3%	-9 k €	-1.1%	-8,9 k €	-268%	5,3 k €	-94.3%	92,4 k €	+124%	41,3 k €	-22.6%	53,3 k €	-32.3%	78,8 k €	+0.8%	78,1 k €	+201%	26 k €
Operating result	25,5 k €	+617%	3,6 k €	+277%	-2 k €	-114%	14,4 k €	+137%	-39 k €	-997%	-3,6 k €	-122%	16,1 k €	+187%	-18,4 k €	+52.5%	-38,8 k €	-0.1%	-38,7 k €	-0.3%	-38,6 k €	-58.3%	-24,4 k €	-139%	62,7 k €	+443%	11,5 k €	-51.0%	23,6 k €	-51.9%	49,1 k €	+1.3%	48,4 k €	+220%	15,1 k €
Net result	23 k €	+875%	2,4 k €	+101%	-161 k €	-1218%	14,4 k €	+126%	-55,4 k €	-209%	50,8 k €	+215%	16,1 k €	+183%	-19,3 k €	+50.2%	-38,8 k €	-0.1%	-38,7 k €	-0.3%	-38,6 k €	+6.0%	-41,1 k €	-230%	31,5 k €	+212%	-28,2 k €	-91.3%	-14,7 k €	-1046%	1,6 k €	-46.4%	2,9 k €	+134%	-8,6 k €
Balance sheet
Equity	-120,5 k €	+16.0%	-143,5 k €	+1.6%	-145,8 k €	-5049%	2,9 k €	+117%	-17,1 k €	-145%	38,2 k €	+134%	-112,5 k €	+12.5%	-128,7 k €	+0.5%	-129,3 k €	-42.8%	-90,6 k €	-74.7%	-51,8 k €	-292%	-13,2 k €	-147%	27,9 k €	+870%	-3,6 k €	-115%	24,6 k €	-37.5%	39,3 k €	+4.1%	37,8 k €	+8.3%	34,9 k €
Total assets	479,8 k €	-1.3%	485,9 k €	+23.2%	394,3 k €	-17.9%	480 k €	-25.1%	640,7 k €	+4.9%	611 k €	-7.2%	658,2 k €	-7.6%	712,5 k €	-0.7%	717,4 k €	-4.0%	747,1 k €	-3.8%	776,9 k €	-3.7%	806,6 k €	-3.6%	836,3 k €	+1.0%	828,3 k €	-2.6%	850,1 k €	-5.1%	895,4 k €	-4.0%	932,2 k €	-4.5%	976,3 k €
Cash	42 k €	+540%	6,6 k €	+70.1%	3,9 k €	-79.0%	18,4 k €	-71.1%	63,5 k €	+111256%	57 €	-66.7%	171 €	-99.3%	24,8 k €		–		–		–		–		–		–		2,3 k €		–		5,9 k €	-89.6%	56,9 k €
Debts	600,3 k €	-4.6%	629,4 k €	+16.5%	540,1 k €	+13.2%	477 k €	-27.5%	657,9 k €	+14.9%	572,8 k €	-25.7%	770,7 k €	-8.4%	841,2 k €	-0.7%	846,8 k €	+1.1%	837,7 k €	+1.1%	828,7 k €	+1.1%	819,8 k €	+1.4%	808,4 k €	-2.8%	832 k €	+0.8%	825,5 k €	-2.9%	849,9 k €	-5.0%	894,5 k €	-5.0%	941,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 14 ended

Active mandates

Rüveyda ZORLU

Director · since 25 octobre 2024

Active

Ended mandates

Veyis ZORLU

Manager · since 01 janvier 2020

Ended

Mutlu Soylu

Managing director · since 12 avril 2016 · until 12 avril 2022

Ended

Aydin Eldecki

Director · since 27 juin 2006 · until 27 juin 2012

Ended

Aydin Eldekci

Director · since 27 juin 2006 · until 27 juin 2012

Ended

At this address

Other companies at this address

Company	CBE no.
ERKA IMPORT EXPORT LOGISTICS● Active	0803.102.392
TH LOGISTIC● Bankrupt	0741.966.955
ZRL IMMO● Active	1021.036.747

Annual accounts

Full financial information

	2024	2023	2022	2020	2019	2018
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/08/2025	04/07/2024	31/07/2023	12/06/2023	22/09/2020	18/08/2019
General meeting	30/06/2025	30/06/2024	30/06/2023	30/06/2021	30/06/2020	04/05/2019
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	30/06/2025	30/08/2025	French	PDF
Micro model	31/12/2023	30/06/2024	04/07/2024	French	PDF
Micro model	31/12/2022	30/06/2023	31/07/2023	French	PDF
Micro model	31/12/2020	30/06/2021	12/06/2023	French	PDF
Micro model	31/12/2019	30/06/2020	22/09/2020	French	PDF
Micro model	31/12/2018	04/05/2019	18/08/2019	Dutch	PDF
Micro model	31/12/2017	24/06/2018	05/02/2019	Dutch	PDF
Micro model	31/12/2016	24/06/2017	04/02/2019	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	08/07/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	08/06/2016	French	PDF
Abridged model	31/12/2013	27/06/2014	08/06/2016	French	PDF
Abridged model	31/12/2012	28/06/2013	08/06/2016	French	PDF
Abridged model	31/12/2011	29/06/2012	25/07/2012	French	PDF
Abridged model	31/12/2010	24/06/2011	13/02/2012	French	PDF
Abridged model	31/12/2009	25/06/2010	13/02/2012	French	PDF
Abridged model	31/12/2008	30/06/2009	14/10/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	29/09/2008	Dutch	PDF
Abridged model	31/12/2006	31/07/2007	28/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2024 · 1 active · 14 ended

Active mandates

Rüveyda ZORLU

Director · since 25 octobre 2024

Active

Ended mandates

Veyis ZORLU

Manager · since 01 janvier 2020

Ended

Mutlu Soylu

Managing director · since 12 avril 2016 · until 12 avril 2022

Ended

Aydin Eldecki

Director · since 27 juin 2006 · until 27 juin 2012

Ended

Aydin Eldekci

Director · since 27 juin 2006 · until 27 juin 2012

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/11/2024
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates18/07/2024
DEMISSIONS, NOMINATIONS
PDF
Other01/08/2018
DIVERS
PDF
Mandates16/07/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates02/01/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates28/12/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates13/12/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates09/11/2016
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

2024
Annual accounts 202423 k €↑
2023
Annual accounts 20232,4 k €↑
2022
Annual accounts 2022-161 k €↓
2020
Annual accounts 202014,4 k €↑
2019
Annual accounts 2019-55,4 k €↓
2018
Annual accounts 201850,8 k €↑
2017
Annual accounts 201716,1 k €↑
2016
Annual accounts 2016-19,3 k €↑
2015
Annual accounts 2015-38,8 k €↓
2014
Annual accounts 2014-38,7 k €↓
2013
Annual accounts 2013-38,6 k €↑
2012
Annual accounts 2012-41,1 k €↓
2011
Annual accounts 201131,5 k €↑
2010
Annual accounts 2010-28,2 k €↓
2009
Annual accounts 2009-14,7 k €↓
2008
Annual accounts 20081,6 k €↓
2007
Annual accounts 20072,9 k €↑
2006
Annual accounts 2006-8,6 k €
19/01/2001
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

ELSO

Overview

What does ELSO do?

Trend over 18 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