ACTIVE

Elcee Belux

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Financial year 2025 · closed on 31/12/2025

Net result

60,4 k €

-26.8% YoY

Revenue

8,1 M €

-6.8% YoY

Equity

2,3 M €

+2.7% YoY

Workforce

12,7 ETP

-11.2% YoY

What does Elcee Belux do?

Elcee Belux is a Private limited company incorporated in 2015. Its registered office is in Turnhout. It employs on average 12,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0598.836.923

Incorporation

20/02/2015

Legal form

Private limited company

Registered office

Parklaan 46 box 212
2300 Turnhout · FlandreSee on map

Contributed capital

700 000,00 €

Latest accounts

31/12/2025

Average workforce

12,7 ETP

Joint committees (2)

14904
200

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015
Income statement
Revenue	8,1 M €	-6.8%	8,6 M €	-11.5%	9,8 M €	-8.9%	10,7 M €	+17.0%	9,2 M €	+234%	2,7 M €	-4.2%	2,9 M €	+2.3%	2,8 M €		–		–		–
EBITDA	730,2 k €	+109%	349,1 k €	-44.5%	629,2 k €	-36.5%	991,3 k €	+86.9%	530,5 k €	+374%	111,9 k €	-46.2%	207,9 k €	+535%	32,8 k €	+811%	-4,6 k €	+90.3%	-47,3 k €	+69.6%	-155,4 k €
Operating result	313,3 k €	+10.6%	283,4 k €	-48.5%	550,6 k €	-40.1%	919 k €	+88.1%	488,4 k €	+538%	76,5 k €	-61.9%	200,9 k €	+979%	18,6 k €	+211%	-16,8 k €	+78.1%	-76,6 k €	+52.5%	-161,3 k €
Net result	60,4 k €	-26.8%	82,5 k €	-76.9%	356,6 k €	-40.1%	595,8 k €	+90.4%	312,8 k €	+49.6%	209,1 k €	-37.6%	335,1 k €	+643%	-61,7 k €	-130%	-26,8 k €	+65.5%	-77,7 k €	+52.3%	-163,1 k €
Balance sheet
Equity	2,3 M €	+2.7%	2,3 M €	+3.8%	2,2 M €	+19.6%	1,8 M €	+48.5%	1,2 M €	+34.2%	914,9 k €	+29.6%	705,8 k €	+90.4%	370,7 k €	-14.3%	432,4 k €	+315%	-200,8 k €	-63.2%	-123,1 k €
Total assets	7 M €	+2.6%	6,8 M €	+18.1%	5,8 M €	-9.7%	6,4 M €	+16.7%	5,5 M €	+74.6%	3,1 M €	+1.5%	3,1 M €	-10.3%	3,4 M €	+2.2%	3,4 M €	+1514%	208,8 k €	-9.6%	230,9 k €
Cash	299,1 k €	+7.1%	279,4 k €	-77.4%	1,2 M €	+179%	442,5 k €	-0.5%	444,8 k €	+228%	135,4 k €	+31.5%	103 k €	-42.5%	179,2 k €	+12.7%	159 k €	+340%	36,2 k €	-30.4%	51,9 k €
Debts	4,7 M €	+2.6%	4,5 M €	+27.3%	3,6 M €	-21.8%	4,6 M €	+7.4%	4,3 M €	+91.2%	2,2 M €	-6.8%	2,4 M €	-21.7%	3 M €	+3.7%	2,9 M €	+617%	409,7 k €	+15.8%	353,8 k €
Other
Workforce	12,7 ETP	-11.2%	14,3 ETP	-5.9%	15,2 ETP	+2.7%	14,8 ETP	-27.1%	20,3 ETP	+332%	4,7 ETP	+11.9%	4,2 ETP	-14.3%	4,9 ETP	+28.9%	3,8 ETP	+58.3%	2,4 ETP	+50.0%	1,6 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 31/12/2025 · 2 active · 3 ended

Active mandates

Elcee Acquisition B.V.

Director · since 01 avril 2019

Represented by Peter Fluitsma

Active

Lenaerts Management & Consulting

Director · since 20 février 2015 · 0597.904.436

Represented by Bert Lenaerts

Active

Ended mandates

Elcee Acquisition BV

Director · since 01 avril 2019 · 0728.994.788

Represented by Peter Fluitsma

Ended

Lenaerts Management & Consulting

Manager · since 20 février 2015 · 0597.904.436

Represented by Bert Lenaerts

Ended

Mathias Van Roij

Manager · since 20 février 2015

Ended

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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	22/07/2026	03/07/2025	26/11/2024	22/11/2023	23/02/2023	14/07/2021
General meeting	14/07/2026	30/06/2025	25/11/2024	22/11/2023	20/02/2023	17/06/2021
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

11 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	14/07/2026	22/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	03/07/2025	Dutch	PDF
Full model	31/12/2023	25/11/2024	26/11/2024	Dutch	PDF
Full model	31/12/2022	22/11/2023	22/11/2023	Dutch	PDF
Full model	31/12/2021	20/02/2023	23/02/2023	Dutch	PDF
Full model	31/12/2020	17/06/2021	14/07/2021	Dutch	PDF
Full model	31/12/2019	25/08/2020	24/09/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	30/07/2019	Dutch	PDF
Abridged model	31/12/2017	31/05/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	26/07/2017	Dutch	PDF
Abridged model	31/12/2015	31/05/2016	29/06/2016	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 31/12/2025 · 2 active · 3 ended

Active mandates

Elcee Acquisition B.V.

Director · since 01 avril 2019

Represented by Peter Fluitsma

Active

Lenaerts Management & Consulting

Director · since 20 février 2015 · 0597.904.436

Represented by Bert Lenaerts

Active

Ended mandates

Elcee Acquisition BV

Director · since 01 avril 2019 · 0728.994.788

Represented by Peter Fluitsma

Ended

Lenaerts Management & Consulting

Manager · since 20 février 2015 · 0597.904.436

Represented by Bert Lenaerts

Ended

Mathias Van Roij

Manager · since 20 février 2015

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/08/2026
ONTSLAG EN BENOEMING COMMISSARIS
PDF
Registered office21/05/2026
MAATSCHAPPELIJKE ZETEL
PDF
Mandates22/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other24/08/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring20/08/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Restructuring23/06/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates05/07/2019
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 202560,4 k €↓
2024
Annual accounts 202482,5 k €↓
2023
Annual accounts 2023356,6 k €↓
2022
Annual accounts 2022595,8 k €↑
2021
Annual accounts 2021312,8 k €↑
2020
Annual accounts 2020209,1 k €↓
2019
Annual accounts 2019335,1 k €↑
2018
Annual accounts 2018-61,7 k €↓
2017
Annual accounts 2017-26,8 k €↑
2016
Annual accounts 2016-77,7 k €↑
2015
Annual accounts 2015-163,1 k €
20/02/2015
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 Belux

Overview

What does Elcee Belux do?

Trend over 11 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