ACTIVE

ELC

Financial year 2025 · closed on 30/06/2025
Net result
29,6 k €
+1159.8% YoY
Gross margin
50,7 k €
+116.2% YoY
Equity
120,6 k €
+32.5% YoY

What does ELC do?

ELC is a Private limited company incorporated in 2015. Its registered office is in Heusden-Zolder.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0630.901.460
Incorporation
28/05/2015
Legal form
Private limited company
Registered office
Rode Kruisstraat 18
3550 Heusden-Zolder · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
30/06/2025
Joint committees (3)
  • 149
  • 14901
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin50,7 k €23,5 k €95,2 k €-13,1 k €172,7 €54,8 k €36,1 k €45,6 k €186,5 k €88,9 k €
EBITDA45,2 k €15,3 k €91,3 k €-15,2 k €-3,2 k €36,5 k €26,5 k €7,9 k €57 k €23,2 k €
Operating result43,2 k €13,4 k €79,8 k €-15,9 k €-13,3 k €27,5 k €44,5 k €7,8 k €3 k €18,8 k €
Net result29,6 k €2,3 k €74,1 k €-20,8 k €-13,8 k €19,4 k €29,6 k €2,9 k €544,7 €13,3 k €
Balance sheet
Equity120,6 k €91 k €88,6 k €49,6 k €70,5 k €84,3 k €64,9 k €35,3 k €32,4 k €31,9 k €
Total assets193,2 k €154,7 k €183,2 k €124,3 k €138,9 k €186,1 k €190,7 k €111,1 k €101,5 k €61,9 k €
Cash36 k €6,7 k €58,2 k €56,4 k €102,6 k €67,6 k €71,2 k €13,2 k €2,9 k €14,1 k €
Debts72,7 k €63,7 k €94,6 k €74,6 k €68,5 k €101,8 k €125,8 k €72,4 k €66,4 k €27,2 k €
Other
Workforce0,5 ETP
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 30/06/2025 · 1 active · 5 ended

Active mandates

Erdogan CIFTCI

Director · since 29 mars 2024

Active

Ended mandates

Hasan Polat

Manager · since 15 septembre 2015

Ended
Erdogan Ciftci

Manager · since 28 mai 2015

Ended
Erdogan CIFTCI

Director · since 28 mai 2015

Ended
Erdogan Ciftci

Director

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/03/202615/05/202507/03/202413/11/202325/01/202216/07/2021
General meeting06/12/202507/12/202402/12/202303/12/202227/12/202105/12/2020
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 model30/06/202506/12/202503/03/2026DutchPDF
Micro model30/06/202407/12/202415/05/2025DutchPDF
Micro model30/06/202302/12/202307/03/2024DutchPDF
Micro model30/06/202203/12/202213/11/2023DutchPDF
Micro model30/06/202127/12/202125/01/2022DutchPDF
Micro model30/06/202005/12/202016/07/2021DutchPDF
Micro model30/06/201907/12/201928/02/2020DutchPDF
Micro model30/06/201801/12/201801/02/2019DutchPDF
Micro model30/06/201702/12/201729/01/2018DutchPDF
Abridged model30/06/201603/12/201606/02/2017DutchPDF
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 30/06/2025 · 1 active · 5 ended

Active mandates

Erdogan CIFTCI

Director · since 29 mars 2024

Active

Ended mandates

Hasan Polat

Manager · since 15 septembre 2015

Ended
Erdogan Ciftci

Manager · since 28 mai 2015

Ended
Erdogan CIFTCI

Director · since 28 mai 2015

Ended
Erdogan Ciftci

Director

Ended
Shareholders

Ownership and network

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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 202529,6 k €
  2. 2024
    Annual accounts 20242,3 k €
  3. 2023
    Annual accounts 202374,1 k €
  4. 2022
    Annual accounts 2022-20,8 k €
  5. 2021
    Annual accounts 2021-13,8 k €
  6. 2020
    Annual accounts 202019,4 k €
  7. 2019
    Annual accounts 201929,6 k €
  8. 2018
    Annual accounts 20182,9 k €
  9. 2017
    Annual accounts 2017544,7 €
  10. 2016
    Annual accounts 201613,3 k €
  11. 28/05/2015
    IncorporationPrivate limited company