ACTIVE

ELFARM

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Financial year 2025 · closed on 31/12/2025

Net result

16,2 k €

+70.3% YoY

Gross margin

-3,8 k €

+76.3% YoY

Equity

1,7 M €

+1.0% YoY

What does ELFARM do?

ELFARM is a Public limited company incorporated in 2001. Its registered office is in Koksijde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.415.795

Incorporation

21/12/2001

Legal form

Public limited company

Registered office

Dewittelaan(Odk) 9 box 4
8670 Koksijde · FlandreSee on map

Contributed capital

270 451,84 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

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	-3,8 k €	+76.3%	-16 k €	+1.4%	-16,3 k €	+6.5%	-17,4 k €	-2.1%	-17 k €	+8.9%	-18,7 k €	-7.7%	-17,4 k €	+6.1%	-18,5 k €	-0.4%	-18,4 k €	-186%	21,4 k €	-23.8%	28 k €	+2.1%	27,5 k €	-31.5%	40,1 k €	-53.9%	86,9 k €	-27.0%	119,1 k €	+5192%	-2,3 k €	-9.6%	-2,1 k €	+34.2%	-3,2 k €	-8.7%	-3 k €	+24.0%	-3,9 k €
EBITDA	-3,9 k €	+75.9%	-16,3 k €	-0.1%	-16,3 k €	+7.1%	-17,5 k €	-2.1%	-17,1 k €	+8.9%	-18,8 k €	-7.7%	-17,5 k €	+6.1%	-18,6 k €	-0.5%	-18,5 k €	-187%	21,3 k €	-23.9%	27,9 k €	+2.1%	27,4 k €	-31.6%	40 k €	-53.9%	86,8 k €	-27.1%	119,1 k €	+4994%	-2,4 k €	-9.4%	-2,2 k €	+33.2%	-3,3 k €	-8.5%	-3,1 k €	+23.4%	-4 k €
Operating result	-3,9 k €	+75.9%	-16,3 k €	-0.1%	-16,3 k €	+7.1%	-17,5 k €	-2.1%	-17,1 k €	+8.9%	-18,8 k €	-7.7%	-17,5 k €	+6.1%	-18,6 k €	+1.4%	-18,9 k €	-190%	20,9 k €	-24.2%	27,6 k €	+2.2%	27 k €	-32.5%	40 k €	-53.9%	86,8 k €	-27.1%	119,1 k €	+4994%	-2,4 k €	-9.4%	-2,2 k €	+33.2%	-3,3 k €	-8.5%	-3,1 k €	+23.4%	-4 k €
Net result	16,2 k €	+70.3%	9,5 k €	+2.6%	9,3 k €	+204%	-8,9 k €	+74.1%	-34,3 k €	-401%	11,4 k €	+250%	3,3 k €	+54.4%	2,1 k €	+627%	-400,8 €	-101%	30,3 k €	-23.4%	39,5 k €	+7.1%	36,9 k €	-21.6%	47 k €	-47.5%	89,5 k €	-8.2%	97,5 k €	+508%	-23,9 k €	+1.1%	-24,1 k €	+24.2%	-31,8 k €	-3.3%	-30,8 k €	-148%	64 k €
Balance sheet
Equity	1,7 M €	+1.0%	1,7 M €	+0.6%	1,7 M €	+0.6%	1,7 M €	-0.5%	1,7 M €	-2.0%	1,7 M €	+0.7%	1,7 M €	+0.2%	1,7 M €	+0.1%	1,7 M €	-0.0%	1,7 M €	+1.8%	1,7 M €	+2.4%	1,6 M €	+2.3%	1,6 M €	+3.0%	1,5 M €	+6.1%	1,5 M €	+7.2%	1,4 M €	-1.7%	1,4 M €	-1.7%	1,4 M €	-2.2%	1,4 M €	-2.1%	1,5 M €
Total assets	2,6 M €	+1.2%	2,6 M €	+0.7%	2,6 M €	+0.7%	2,5 M €	-0.1%	2,5 M €	-1.0%	2,6 M €	+0.9%	2,5 M €	+1.0%	2,5 M €	+0.8%	2,5 M €	+1.0%	2,5 M €	+0.6%	2,5 M €	+1.8%	2,4 M €	+2.9%	2,3 M €	+3.0%	2,3 M €	+0.6%	2,3 M €	+0.9%	2,2 M €	-2.6%	2,3 M €	-0.0%	2,3 M €	-0.5%	2,3 M €	-0.1%	2,3 M €
Cash	161,7 €	+121%	73,3 €	+96.7%	37,2 €	-41.7%	63,9 €	-88.0%	532,6 €	+955%	50,5 €	-78.5%	234,6 €	+33.8%	175,4 €	-85.2%	1,2 k €	+71.8%	690,7 €	-89.5%	6,6 k €	-7.0%	7,1 k €	+159%	2,7 k €	+11815%	23 €	-99.9%	22,3 k €	+1857%	1,1 k €	+2191%	49,7 €	-56.2%	113,3 €	-88.5%	989,1 €	-91.5%	11,6 k €
Debts	900,2 k €	+1.8%	884,4 k €	+1.0%	875,7 k €	+1.1%	866,6 k €	+0.6%	861,1 k €	+1.0%	852,9 k €	+3.8%	822 k €	+2.7%	800,4 k €	-0.1%	801,1 k €	+3.3%	775,8 k €	-1.8%	790,1 k €	+2.8%	768,5 k €	+3.0%	746,4 k €	+3.8%	718,9 k €	-11.1%	808,3 k €	-8.6%	884,6 k €	-3.9%	920,2 k €	+2.7%	896,2 k €	+2.4%	875,3 k €	+3.4%	846,7 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 · 2 active · 15 ended

Active mandates

Hilde DE LOORE

Director

Active

LUPA

Director · 0449.353.686

Represented by Filip Demyttenaere

Active

Ended mandates

Filip DEMYTTENAERE

Managing director · since 17 juin 2014 · until 17 juin 2020

Ended

Hilde DE LOORE

Director · since 17 juin 2014 · until 17 juin 2020

Ended

LUPA

Director · since 17 juin 2014 · until 17 juin 2020 · 0449.353.686

Represented by Filip Demyttenaere

Ended

LUPA

Director · since 17 juin 2014 · until 17 juin 2020 · 0449.353.686

Represented by Filip Demyttenaere

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	Abridged 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	26/06/2026	20/06/2025	15/07/2024	05/07/2023	23/06/2022	15/06/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	15/06/2021
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	16/06/2026	26/06/2026	Dutch	PDF
Micro model	31/12/2024	17/06/2025	20/06/2025	Dutch	PDF
Micro model	31/12/2023	18/06/2024	15/07/2024	Dutch	PDF
Micro model	31/12/2022	20/06/2023	05/07/2023	Dutch	PDF
Micro model	31/12/2021	21/06/2022	23/06/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	15/06/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	14/07/2020	Dutch	PDF
Abridged model	31/12/2018	18/06/2019	26/08/2019	Dutch	PDF
Abridged model	31/12/2017	19/06/2018	29/08/2018	Dutch	PDF
Abridged model	31/12/2016	20/06/2017	23/08/2017	Dutch	PDF
Abridged model	31/12/2015	21/06/2016	22/08/2016	Dutch	PDF
Abridged model	31/12/2014	16/06/2015	04/08/2015	Dutch	PDF
Abridged model	31/12/2013	17/06/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	18/06/2013	31/07/2013	Dutch	PDF
Abridged model	31/12/2011	19/06/2012	20/08/2012	Dutch	PDF
Abridged model	31/12/2010	21/06/2011	24/08/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	03/08/2010	Dutch	PDF
Abridged model	31/12/2008	16/06/2009	17/08/2009	Dutch	PDF
Abridged model	31/12/2007	17/06/2008	20/08/2008	Dutch	PDF
Abridged model	31/12/2006	19/06/2007	20/08/2007	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 · 2 active · 15 ended

Active mandates

Hilde DE LOORE

Director

Active

LUPA

Director · 0449.353.686

Represented by Filip Demyttenaere

Active

Ended mandates

Filip DEMYTTENAERE

Managing director · since 17 juin 2014 · until 17 juin 2020

Ended

Hilde DE LOORE

Director · since 17 juin 2014 · until 17 juin 2020

Ended

LUPA

Director · since 17 juin 2014 · until 17 juin 2020 · 0449.353.686

Represented by Filip Demyttenaere

Ended

LUPA

Director · since 17 juin 2014 · until 17 juin 2020 · 0449.353.686

Represented by Filip Demyttenaere

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/09/2014
ONTSLAGEN - BENOEMINGEN
PDF
Registered office12/03/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates29/09/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/03/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/03/2005
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/10/2004
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 202516,2 k €↑
2024
Annual accounts 20249,5 k €↑
2023
Annual accounts 20239,3 k €↑
2022
Annual accounts 2022-8,9 k €↑
2021
Annual accounts 2021-34,3 k €↓
2020
Annual accounts 202011,4 k €↑
2019
Annual accounts 20193,3 k €↑
2018
Annual accounts 20182,1 k €↑
2017
Annual accounts 2017-400,8 €↓
2016
Annual accounts 201630,3 k €↓
2015
Annual accounts 201539,5 k €↑
2014
Annual accounts 201436,9 k €↓
2013
Annual accounts 201347 k €↓
2012
Annual accounts 201289,5 k €↓
2011
Annual accounts 201197,5 k €↑
2010
Annual accounts 2010-23,9 k €↑
2009
Annual accounts 2009-24,1 k €↑
2008
Annual accounts 2008-31,8 k €↓
2007
Annual accounts 2007-30,8 k €↓
2006
Annual accounts 200664 k €
21/12/2001
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

ELFARM

Overview

What does ELFARM 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