ACTIVE

ELSWARE

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Financial year 2025 · closed on 30/09/2025
Net result
25,2 k €
-10.4% YoY
Gross margin
50,3 k €
-15.3% YoY
Equity
18,6 k €
-30.9% YoY

What does ELSWARE do?

ELSWARE is a Private limited company incorporated in 2015. Its main activity is: Computer consultancy activities. Its registered office is in Aalst.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0600.965.280
Incorporation
13/03/2015
Legal form
Private limited company
Registered office
Oliemolen 6 box 3.1
9300 Aalst · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
30/09/2025
Activities (NACE)
62020Computer consultancy activities· main62200Computer programming, consultancy and related activities
Signals
ProfitableLow riskPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin50,3 k €59,4 k €41,9 k €26,1 k €13,6 k €
EBITDA47,3 k €55,8 k €40,9 k €25,4 k €12,2 k €
Operating result38,5 k €37,4 k €22,3 k €7,3 k €-5,1 k €
Net result25,2 k €28,1 k €16,6 k €4,8 k €-5,5 k €
Balance sheet
Equity18,6 k €26,9 k €51,5 k €91 k €128,2 k €
Total assets111 k €142,6 k €141,1 k €100,7 k €144,7 k €
Cash––0 €31,8 k €41,2 k €
Debts92,4 k €115,7 k €89,6 k €9,2 k €15,6 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 3 ended

Active mandates

Els Van de Velde

Director · since 13 mars 2015

Active

Ended mandates

Els Van De Velde

Bestuurder · since 13 mars 2015

Ended
Els Van De Velde

Manager · since 13 mars 2015

Ended
Els Van De Velde

Director

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/03/202618/04/202502/04/202418/04/202305/04/202221/04/2021
General meeting27/03/202628/03/202529/03/202431/03/202325/03/202226/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202527/03/202630/03/2026DutchPDF
Micro model30/09/202428/03/202518/04/2025DutchPDF
Micro model30/09/202329/03/202402/04/2024DutchPDF
Micro model30/09/202231/03/202318/04/2023DutchPDF
Micro model30/09/202125/03/202205/04/2022DutchPDF
Micro model30/09/202026/03/202121/04/2021DutchPDF
Micro model30/09/201927/03/202007/04/2020DutchPDF
Micro model30/09/201829/03/201912/04/2019DutchPDF
Abridged model30/09/201730/03/201825/04/2018DutchPDF
Abridged model30/09/201631/03/201727/04/2017DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 30/09/2025 · 1 active · 3 ended

Active mandates

Els Van de Velde

Director · since 13 mars 2015

Active

Ended mandates

Els Van De Velde

Bestuurder · since 13 mars 2015

Ended
Els Van De Velde

Manager · since 13 mars 2015

Ended
Els Van De Velde

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates21/05/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office15/12/2021
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office10/10/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares14/07/2017
    KAPITAAL - AANDELEN
    PDF
  • Registered office15/06/2016
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other17/03/2015
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 202525,2 k €↓
  2. 2024
    Annual accounts 202428,1 k €↑
  3. 2023
    Annual accounts 202316,6 k €↑
  4. 2022
    Annual accounts 20224,8 k €↑
  5. 2021
    Annual accounts 2021-5,5 k €
  6. 13/03/2015
    IncorporationPrivate limited company