ACTIVE

ELFIQUE

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Financial year 2025 · closed on 31/12/2025
Net result
-712,6 k €
-65.7% YoY
Gross margin
277,5 k €
-46.1% YoY
Equity
1,8 M €
+55.2% YoY

What does ELFIQUE do?

ELFIQUE is a Public limited company incorporated in 2016. Its main activity is: Manufacture of beer. Its registered office is in Aywaille.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0666.902.615
Incorporation
02/12/2016
Legal form
Public limited company
Registered office
Rue de Raborive 2
4920 Aywaille · Wallonie
Contributed capital
4 082 949,37 €
Latest accounts
31/12/2025
Activities (NACE)
11050Manufacture of beer· main11050Manufacture of beer56301Beverage serving activities56301Beverage serving activities
Joint committees (2)
  • 118
  • 220
Signals
Solid equity
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin277,5 k €514,7 k €360 k €315,5 k €717,3 k €467,7 k €98,1 k €-68,1 k €-101,3 k €
EBITDA-289,1 k €61,8 k €-55,3 k €-33,6 k €385,8 k €247,3 k €-46,8 k €-179,7 k €-180,1 k €
Operating result-660,9 k €-308,7 k €-429 k €-390,3 k €197,1 k €103,7 k €-160 k €-269,8 k €-201,7 k €
Net result-712,6 k €-429,9 k €-490,7 k €-440,1 k €357,7 k €85,6 k €-207,8 k €-298,3 k €-207,9 k €
Balance sheet
Equity1,8 M €1,1 M €1,6 M €1,5 M €2 M €254,7 k €175,8 k €396,7 k €542,1 k €
Total assets5,2 M €5,4 M €5,6 M €5,8 M €5,5 M €3,5 M €2,5 M €2 M €1,2 M €
Cash448,9 k €43,4 k €509 €14 k €263,7 k €26,7 k €20,6 k €10,5 k €210,5 k €
Debts3,4 M €4,1 M €3,9 M €4,2 M €3,5 M €3,3 M €2,3 M €1,6 M €696,1 k €
Other
Workforce–7,6 ETP7,6 ETP7,1 ETP8,0 ETP6,3 ETP–––
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 · 4 active · 15 ended

Active mandates

Axel KNAUF

Director · until 28 mai 2027

Active
PRACO

Director · until 28 mai 2027 · 0443.979.094

Represented by HEEREN Hugo

Active
Sebastian KNAUF

Director · until 28 mai 2027

Active
William BREUER

Director · until 28 mai 2027

Active

Ended mandates

Louis VAN DEN ABBEELE

Director · since 06 juillet 2021 · until 27 mai 2027

Ended
Michaël VANLOUBBEECK

Director · since 06 juillet 2021 · until 27 mai 2027

Ended
NOSHAQ PARTNERS

Director · since 06 juillet 2021 · until 27 mai 2027 · 0808.219.836

Represented by Joiret Bertrand

Ended
PRACO

Director · since 06 juillet 2021 · until 27 mai 2027 · 0443.979.094

Represented by Hugo Heeren

Ended
At this address

Other companies at this address

CompanyCBE no.
BOBELINE & CIE● Active
0638.927.815
PRACO● Active
0443.979.094
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date10/09/202629/08/202530/08/202406/07/202303/06/202230/07/2021
General meeting29/07/202630/06/202504/07/202409/06/202327/05/202206/07/2021
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 modelCorrection31/12/202529/07/202610/09/2026FrenchPDF
Micro model31/12/202524/07/202604/08/2026FrenchPDF
Abridged model31/12/202430/06/202529/08/2025FrenchPDF
Abridged model31/12/202304/07/202430/08/2024FrenchPDF
Abridged model31/12/202209/06/202306/07/2023FrenchPDF
Abridged model31/12/202127/05/202203/06/2022FrenchPDF
Abridged model31/12/202006/07/202130/07/2021FrenchPDF
Micro model31/12/201927/08/202028/09/2020FrenchPDF
Micro model31/12/201817/07/201930/07/2019FrenchPDF
Micro model31/12/201728/05/201826/06/2018FrenchPDF
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 · 4 active · 15 ended

Active mandates

Axel KNAUF

Director · until 28 mai 2027

Active
PRACO

Director · until 28 mai 2027 · 0443.979.094

Represented by HEEREN Hugo

Active
Sebastian KNAUF

Director · until 28 mai 2027

Active
William BREUER

Director · until 28 mai 2027

Active

Ended mandates

Louis VAN DEN ABBEELE

Director · since 06 juillet 2021 · until 27 mai 2027

Ended
Michaël VANLOUBBEECK

Director · since 06 juillet 2021 · until 27 mai 2027

Ended
NOSHAQ PARTNERS

Director · since 06 juillet 2021 · until 27 mai 2027 · 0808.219.836

Represented by Joiret Bertrand

Ended
PRACO

Director · since 06 juillet 2021 · until 27 mai 2027 · 0443.979.094

Represented by Hugo Heeren

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares09/12/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates17/12/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/11/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/10/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/10/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares24/05/2023
    CAPITAL, ACTIONS
    PDF
  • Mandates13/07/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/12/2020
    DEMISSIONS, NOMINATIONS
    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 2025-712,6 k €↓
  2. 2024
    Annual accounts 2024-429,9 k €↑
  3. 2023
    Annual accounts 2023-490,7 k €↓
  4. 2022
    Annual accounts 2022-440,1 k €↓
  5. 2021
    Annual accounts 2021357,7 k €↑
  6. 2020
    Annual accounts 202085,6 k €↑
  7. 2019
    Annual accounts 2019-207,8 k €↑
  8. 2018
    Annual accounts 2018-298,3 k €↓
  9. 2017
    Annual accounts 2017-207,9 k €
  10. 02/12/2016
    IncorporationPublic limited company