ACTIVE

ELCEE

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Financial year 2025 · closed on 31/12/2025

Net result

91,5 k €

+39.0% YoY

Gross margin

151,8 k €

+38.9% YoY

Equity

358 k €

+7.6% YoY

What does ELCEE do?

ELCEE is a Private limited company incorporated in 2001. Its main activity is: Computer programming activities. Its registered office is in Nazareth-De Pinte.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.298.218

Incorporation

13/07/2001

Legal form

Private limited company

Registered office

Zuiderbiesten 31
9810 Nazareth-De Pinte · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	151,8 k €	+38.9%	109,2 k €	+12.0%	97,5 k €	+0.7%	96,8 k €	-9.4%	106,9 k €	+5.1%	101,8 k €	+55.4%	65,5 k €	+47.5%	44,4 k €	+64.1%	27,1 k €	-70.8%	92,7 k €	-17.7%	112,7 k €	+14.7%	98,2 k €	+23.4%	79,6 k €	+10.9%	71,7 k €	-8.8%	78,7 k €	+69.0%	46,6 k €	-48.3%	90 k €	+3.9%	86,6 k €	+6.3%	81,5 k €	+8.3%	75,3 k €
EBITDA	148,7 k €	+40.6%	105,8 k €	+12.3%	94,2 k €	+1.6%	92,7 k €	-10.8%	103,9 k €	+5.6%	98,4 k €	+59.2%	61,8 k €	+49.8%	41,3 k €	+73.1%	23,8 k €	-73.5%	90 k €	-18.1%	109,9 k €	+15.4%	95,2 k €	+24.6%	76,4 k €	+9.9%	69,6 k €	-8.8%	76,2 k €	+72.7%	44,1 k €	-49.7%	87,8 k €	+7.9%	81,4 k €	+2.4%	79,4 k €	+9.6%	72,5 k €
Operating result	120,6 k €	+43.4%	84,1 k €	+6.1%	79,3 k €	-7.8%	86 k €	-10.6%	96,2 k €	+5.7%	91,1 k €	+67.5%	54,4 k €	+60.0%	34 k €	+139%	14,2 k €	-83.0%	83,5 k €	-19.0%	103,1 k €	+16.5%	88,5 k €	+32.4%	66,8 k €	+8.3%	61,7 k €	-9.7%	68,3 k €	+100%	34,2 k €	-55.6%	76,9 k €	+3.5%	74,3 k €	+2.5%	72,5 k €	+12.5%	64,4 k €
Net result	91,5 k €	+39.0%	65,8 k €	+10.4%	59,6 k €	-8.1%	64,8 k €	-7.4%	70 k €	+6.1%	66 k €	+103%	32,4 k €	+80.1%	18 k €	+189%	6,2 k €	-84.9%	41,2 k €	-30.3%	59,1 k €	+1.0%	58,5 k €	+44.7%	40,4 k €	-0.6%	40,7 k €	-4.6%	42,7 k €	+159%	16,5 k €	-65.1%	47,3 k €	-13.6%	54,8 k €	+8.8%	50,3 k €	+21.8%	41,3 k €
Balance sheet
Equity	358 k €	+7.6%	332,5 k €	+11.1%	299,2 k €	+16.1%	257,7 k €	+28.4%	200,6 k €	+15.7%	173,4 k €	+59.0%	109,1 k €	+39.4%	78,3 k €	+26.5%	61,9 k €	+11.2%	55,6 k €	-58.1%	132,8 k €	+80.3%	73,7 k €	+387%	15,1 k €	-86.8%	114,7 k €	+55.0%	74 k €	+136%	31,3 k €	+111%	14,8 k €	-90.8%	161,5 k €	+51.3%	106,7 k €	+89.2%	56,4 k €
Total assets	485,7 k €	+19.3%	407,3 k €	+7.1%	380,3 k €	+15.9%	328,1 k €	+19.8%	273,8 k €	+44.1%	190 k €	+23.3%	154,1 k €	+6.0%	145,4 k €	+4.0%	139,7 k €	-12.6%	159,9 k €	-22.8%	207,2 k €	+34.4%	154,2 k €	+9.0%	141,5 k €	-28.7%	198,5 k €	+15.7%	171,6 k €	+14.2%	150,3 k €	-12.9%	172,6 k €	-34.6%	263,7 k €	+22.8%	214,7 k €	+27.5%	168,4 k €
Cash	87 k €	+60.7%	54,1 k €	+6.4%	50,8 k €	+87.7%	27,1 k €	-50.8%	55,1 k €	-33.6%	83 k €	+231%	25,1 k €	+163%	9,6 k €	+9.5%	8,7 k €	-74.5%	34,3 k €	+68.2%	20,4 k €	-35.8%	31,7 k €	+181%	11,3 k €	-32.3%	16,7 k €	-44.3%	29,9 k €	+43.7%	20,8 k €	-14.7%	24,4 k €	-56.7%	56,3 k €	+1.3%	55,6 k €	+24.7%	44,6 k €
Debts	126,1 k €	+70.9%	73,8 k €	-6.4%	78,8 k €	+56.9%	50,2 k €	-29.0%	70,7 k €	+327%	16,6 k €	-62.0%	43,7 k €	-34.4%	66,6 k €	-12.8%	76,3 k €	-25.8%	102,8 k €	+39.6%	73,6 k €	-6.8%	79 k €	-37.2%	125,9 k €	+50.4%	83,7 k €	-13.7%	97 k €	-18.4%	118,9 k €	-24.1%	156,7 k €	+54.8%	101,2 k €	-5.9%	107,6 k €	-4.0%	112 k €

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 31/12/2025 · 1 active · 5 ended

Active mandates

LIEVEN CALLEWAERT

Director · since 01 avril 2020

Active

Ended mandates

L2F BV

Director · since 30 septembre 2016 · until 31 mars 2020 · 0819.384.437

Represented by Lieven Callewaert

Ended

L2F BVBA

Manager · since 30 septembre 2016 · 0819.384.437

Represented by LIEVEN CALLEWAERT

Ended

L2F BVBA

Manager · 0819.384.437

Represented by Lieven Callewaert

Ended

LIEVEN CALLEWAERT

Manager · until 30 septembre 2016

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro 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	31/12/2019
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	13 months
Filing date	28/08/2026	30/07/2025	01/07/2024	25/07/2023	30/06/2022	29/06/2021
General meeting	30/06/2026	30/06/2025	15/06/2024	30/06/2023	01/06/2022	01/06/2021
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
Micro model	31/12/2025	30/06/2026	28/08/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	30/07/2025	Dutch	PDF
Micro model	31/12/2023	15/06/2024	01/07/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	25/07/2023	Dutch	PDF
Micro model	31/12/2021	01/06/2022	30/06/2022	Dutch	PDF
Micro model	31/12/2020	01/06/2021	29/06/2021	Dutch	PDF
Abridged model	30/12/2019	30/04/2020	13/05/2020	Dutch	PDF
Abridged model	30/12/2018	30/04/2019	28/05/2019	Dutch	PDF
Abridged model	30/12/2017	30/04/2018	31/05/2018	Dutch	PDF
Abridged model	30/12/2016	30/04/2017	21/06/2017	Dutch	PDF
Abridged model	30/12/2015	30/04/2016	06/06/2016	Dutch	PDF
Abridged model	30/12/2014	30/04/2015	29/05/2015	Dutch	PDF
Abridged model	30/12/2013	30/04/2014	01/07/2014	Dutch	PDF
Abridged model	30/12/2012	30/04/2013	28/06/2013	Dutch	PDF
Abridged model	30/12/2011	30/04/2012	29/06/2012	Dutch	PDF
Abridged model	30/12/2010	30/04/2011	30/06/2011	Dutch	PDF
Abridged model	30/12/2009	30/04/2010	28/06/2010	Dutch	PDF
Abridged model	30/12/2008	30/04/2009	05/06/2009	Dutch	PDF
Abridged model	30/12/2007	30/04/2008	25/06/2008	Dutch	PDF
Abridged model	30/12/2006	30/04/2007	15/06/2007	Dutch	PDF

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 31/12/2025 · 1 active · 5 ended

Active mandates

LIEVEN CALLEWAERT

Director · since 01 avril 2020

Active

Ended mandates

L2F BV

Director · since 30 septembre 2016 · until 31 mars 2020 · 0819.384.437

Represented by Lieven Callewaert

Ended

L2F BVBA

Manager · since 30 septembre 2016 · 0819.384.437

Represented by LIEVEN CALLEWAERT

Ended

L2F BVBA

Manager · 0819.384.437

Represented by Lieven Callewaert

Ended

LIEVEN CALLEWAERT

Manager · until 30 septembre 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other15/07/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates09/06/2020
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates12/12/2016
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 202591,5 k €↑
2024
Annual accounts 202465,8 k €↑
2023
Annual accounts 202359,6 k €↓
2022
Annual accounts 202264,8 k €↓
2021
Annual accounts 202170 k €↑
2020
Annual accounts 202066 k €↑
2019
Annual accounts 201932,4 k €↑
2018
Annual accounts 201818 k €↑
2017
Annual accounts 20176,2 k €↓
2016
Annual accounts 201641,2 k €↓
2015
Annual accounts 201559,1 k €↑
2014
Annual accounts 201458,5 k €↑
2013
Annual accounts 201340,4 k €↓
2012
Annual accounts 201240,7 k €↓
2011
Annual accounts 201142,7 k €↑
2010
Annual accounts 201016,5 k €↓
2009
Annual accounts 200947,3 k €↓
2008
Annual accounts 200854,8 k €↑
2007
Annual accounts 200750,3 k €↑
2006
Annual accounts 200641,3 k €
13/07/2001
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

ELCEE

Overview

What does ELCEE 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