ACTIVE

ELTA

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Financial year 2025 · closed on 30/06/2025

Net result

308,3 k €

+320.7% YoY

Gross margin

4,4 M €

+39.5% YoY

Equity

2,2 M €

-0.3% YoY

Workforce

50,9 ETP

+21.2% YoY

What does ELTA do?

ELTA is a Private limited company incorporated in 2001. Its main activity is: Construction of utility projects for fluids. Its registered office is in Wetteren. It employs on average 50,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.440.856

Incorporation

28/03/2001

Legal form

Private limited company

Registered office

Honderdweg 22 box A
9230 Wetteren · FlandreSee on map

Latest accounts

30/06/2025

Average workforce

50,9 ETP

Activities (NACE)

42212Construction of utility projects for fluids· main 42110Construction of roads and motorways 42219Construction of utility projects for fluids

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive 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

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	4,4 M €	+39.5%	3,1 M €	+15.2%	2,7 M €	-1.8%	2,8 M €	+7.2%	2,6 M €	+66.1%	1,5 M €	-24.8%	2,1 M €	-10.9%	2,3 M €	+7.7%	2,1 M €	-11.9%	2,4 M €	-0.8%	2,5 M €	+18.0%	2,1 M €	+110%	991,7 k €	+53.1%	647,6 k €
EBITDA	737,4 k €	+90.1%	387,9 k €	+33.2%	291,3 k €	-45.7%	536,4 k €	-24.1%	706,5 k €	+344%	159,2 k €	-65.5%	462,1 k €	-2.8%	475,5 k €	+29.0%	368,7 k €	-43.7%	654,4 k €	+48.8%	439,8 k €	-21.1%	557,5 k €	+174%	203,5 k €	+16.1%	175,3 k €
Operating result	467,8 k €	+207%	152,5 k €	+121%	68,9 k €	-81.2%	366 k €	-37.7%	587,3 k €	+688%	74,5 k €	-76.9%	322,6 k €	+7.9%	299,1 k €	+273%	80,1 k €	-70.0%	267,3 k €	+93.9%	137,9 k €	-38.6%	224,5 k €	+427%	42,6 k €	+468%	7,5 k €
Net result	308,3 k €	+321%	73,3 k €	+200%	24,5 k €	-92.4%	320,8 k €	-44.2%	574,6 k €	+619%	80 k €	-76.1%	334,8 k €	+9.4%	306 k €	+59.3%	192,1 k €	+6.8%	179,9 k €	+773%	20,6 k €	-78.3%	95 k €	+288%	24,5 k €	+183%	-29,5 k €
Balance sheet
Equity	2,2 M €	-0.3%	2,2 M €	+1.3%	2,1 M €	+1.2%	2,1 M €	+24.5%	1,7 M €	+51.4%	1,1 M €	-13.3%	1,3 M €	+35.0%	955,4 k €	+41.2%	676,8 k €	+0.1%	675,9 k €	+31.5%	513,8 k €	+1.4%	506,5 k €	+23.1%	411,5 k €	+6.3%	387 k €
Total assets	5,7 M €	+10.7%	5,2 M €	+27.2%	4,1 M €	+4.3%	3,9 M €	+7.8%	3,6 M €	+17.4%	3,1 M €	+48.3%	2,1 M €	+0.7%	2,1 M €	+11.8%	1,8 M €	-27.5%	2,5 M €	+1.5%	2,5 M €	+4.3%	2,4 M €	+42.3%	1,7 M €	+10.4%	1,5 M €
Cash	948,5 k €	+236%	282,6 k €	-46.0%	522,9 k €	-16.9%	628,9 k €	+37.5%	457,5 k €	+84.1%	248,5 k €	+38.9%	178,9 k €	-24.6%	237,1 k €	+48.7%	159,4 k €	-60.5%	404 k €	-8.1%	439,6 k €	-10.3%	489,8 k €	+155%	192,1 k €	+68.8%	113,8 k €
Debts	3,5 M €	+18.9%	2,9 M €	+57.4%	1,9 M €	+10.4%	1,7 M €	-5.0%	1,8 M €	+1.6%	1,8 M €	+291%	449,3 k €	-33.8%	679 k €	-1.6%	690 k €	-47.9%	1,3 M €	-9.8%	1,5 M €	-8.0%	1,6 M €	+33.9%	1,2 M €	+10.1%	1,1 M €
Other
Workforce	50,9 ETP	+21.2%	42,0 ETP	+3.4%	40,6 ETP	-4.9%	42,7 ETP	-8.4%	46,6 ETP	+36.7%	34,1 ETP	-8.1%	37,1 ETP	-12.7%	42,5 ETP	-0.2%	42,6 ETP	-7.0%	45,8 ETP	-3.8%	47,6 ETP	+23.3%	38,6 ETP	+35.9%	28,4 ETP	+55.2%	18,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 14 ended

Active mandates

ARSA

Director · 0861.805.804

Represented by Selami TOP

Active

Ended mandates

ARSA

Director · since 27 février 2019 · 0861.805.804

Represented by Selami TOP

Ended

ARSA

Manager · since 27 février 2019 · 0861.805.804

Represented by Top Selami

Ended

H.T. management services

Manager · since 01 avril 2015 · 0598.993.806

Represented by Halil Taslidere

Ended

H.T. management services

Manager · since 01 avril 2015 · 0598.993.806

Represented by Halil Taslidere

Ended

At this address

Other companies at this address

Company	CBE no.
EEV● Active	0563.999.966
ELTA VASTGOED● Active	0500.699.845

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/01/2026	28/02/2025	28/02/2024	30/01/2023	21/01/2022	29/01/2021
General meeting	07/11/2025	28/01/2025	13/02/2024	21/12/2022	23/12/2021	31/12/2020
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	07/11/2025	30/01/2026	Dutch	PDF
Abridged model	30/06/2024	28/01/2025	28/02/2025	Dutch	PDF
Abridged model	30/06/2023	13/02/2024	28/02/2024	Dutch	PDF
Abridged model	30/06/2022	21/12/2022	30/01/2023	Dutch	PDF
Abridged model	30/06/2021	23/12/2021	21/01/2022	Dutch	PDF
Abridged model	30/06/2020	31/12/2020	29/01/2021	Dutch	PDF
Abridged model	30/06/2019	31/12/2019	31/01/2020	Dutch	PDF
Abridged model	30/06/2018	31/12/2018	15/01/2019	Dutch	PDF
Abridged model	30/06/2017	01/12/2017	22/12/2017	Dutch	PDF
Abridged model	30/06/2016	02/12/2016	13/12/2016	Dutch	PDF
Abridged model	30/06/2015	04/12/2015	24/12/2015	Dutch	PDF
Abridged modelCorrection	30/06/2014	05/12/2014	19/12/2014	Dutch	PDF
Abridged model	30/06/2014	05/12/2014	15/12/2014	Dutch	PDF
Abridged model	30/06/2013	07/11/2013	20/12/2013	Dutch	PDF
Abridged model	30/06/2012	02/11/2012	18/12/2012	Dutch	PDF
Abridged model	30/06/2011	04/11/2011	02/12/2011	Dutch	PDF
Abridged model	30/06/2010	05/11/2010	22/12/2010	Dutch	PDF
Abridged model	30/06/2009	01/07/2009	10/07/2009	Dutch	PDF
Abridged model	15/06/2008	17/06/2008	27/06/2008	Dutch	PDF
Abridged model	30/06/2007	21/12/2007	29/02/2008	Dutch	PDF
Abridged model	30/06/2006	26/03/2007	30/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 30/06/2025 · 1 active · 14 ended

Active mandates

ARSA

Director · 0861.805.804

Represented by Selami TOP

Active

Ended mandates

ARSA

Director · since 27 février 2019 · 0861.805.804

Represented by Selami TOP

Ended

ARSA

Manager · since 27 février 2019 · 0861.805.804

Represented by Top Selami

Ended

H.T. management services

Manager · since 01 avril 2015 · 0598.993.806

Represented by Halil Taslidere

Ended

H.T. management services

Manager · since 01 avril 2015 · 0598.993.806

Represented by Halil Taslidere

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/05/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/02/2020
MAATSCHAPPELIJKE ZETEL
PDF
Mandates15/03/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares06/02/2018
KAPITAAL - AANDELEN
PDF
Mandates13/12/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/04/2017
ONTSLAGEN - BENOEMINGEN
PDF
Other07/12/2015
DOEL - ALGEMENE VERGADERING
PDF
Mandates17/04/2015
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 2025308,3 k €↑
2024
Annual accounts 202473,3 k €↑
2023
Annual accounts 202324,5 k €↓
2022
Annual accounts 2022320,8 k €↓
2019
Annual accounts 2019574,6 k €↑
2018
Annual accounts 201880 k €↓
2017
Annual accounts 2017334,8 k €↑
2016
Annual accounts 2016306 k €↑
2015
Annual accounts 2015192,1 k €↑
2014
Annual accounts 2014179,9 k €↑
2013
Annual accounts 201320,6 k €↓
2012
Annual accounts 201295 k €↑
2011
Annual accounts 201124,5 k €↑
2010
Annual accounts 2010-29,5 k €
28/03/2001
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

ELTA

Overview

What does ELTA do?

Trend over 14 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