ACTIVE

ELGI COMPRESSORS EUROPE

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Financial year 2025 · Closed on 31/03/2025

Net result-3 M €+48,5 %over 1 year
Revenue26,8 M €+13,3 %over 1 year
Equity-33,2 M €-9,9 %over 1 year
Workforce12,9 ETP-20,4 %over 1 year

Identity

Source · BCE/KBO

ELGI COMPRESSORS EUROPE is a Private limited company incorporated in 2019. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Waterloo. It employs on average 12,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0719.813.046
Incorporation
05/02/2019
Legal form
Private limited company
Registered office
Drève Richelle 167
1410 Waterloo · WallonieSee on map
Contributed capital
50 000,00 €
Latest accounts
31/03/2025
Average workforce
12,9 ETP
Joint committees (1)
  • 200
Signals
Healthy social debtsHigh revenue

Financials

Source · NBB, 7 filings

Trend over 6 financial years

20252024202320222020
Income statement
Revenue26,8 M €23,6 M €23,3 M €12,6 M €–
EBITDA-993,8 k €-4,2 M €-6,4 M €-6,4 M €-3,8 M €
Operating result-933,6 k €-4,5 M €-6,7 M €-6,5 M €-3,8 M €
Net result-3 M €-5,8 M €-7,4 M €-6,9 M €-3,8 M €
Balance sheet
Equity-33,2 M €-30,2 M €-24,5 M €-17,1 M €-3,9 M €
Total assets22,7 M €19,8 M €21,6 M €17 M €698,4 k €
Cash465,4 k €349,1 k €430,8 k €523,8 k €253,8 k €
Debts55,3 M €49,7 M €45,9 M €33,9 M €4,6 M €
Other
Workforce12,9 ETP16,2 ETP15,6 ETP15,2 ETP9,0 ETP

Board of directors

Source · NBB, accounts to 31/03/2025

5 active · 20 ended

Active mandates

Sen Indranil

Director · since 25 avril 2024 · until 05 décembre 2024

Active
Christopher RINGLSTETTER

Managing director · since 21 octobre 2019

Active
Jairam VARADARAJ

Director · since 27 septembre 2019 · until 05 décembre 2024

Active
Nicola PAGLIETTI

Director · since 27 septembre 2019

Active
Shyam VASUDEVAN

Director · since 27 septembre 2019 · until 05 décembre 2024

Active

Ended mandates

Indranil Sen

Director · since 25 avril 2024

Ended
Jairam VARADARAJ

Chairman of the board of directors · since 27 octobre 2019

Ended
Christopher Derek RINGLSTETTER

Director · since 21 octobre 2019

Ended
Jairam VARADARAJ

Director · since 27 septembre 2019

Ended

Other companies at this address

Drève Richelle 167 1410 Waterloo
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0835.207.216
ACTIVE MOTIF● Active
0872.640.506
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0450.242.623
BELGIUM MOTORS● Active
0769.415.084
CDR Leadership Consulting● Active
0750.512.952
CLARINS BENELUX● Active
0412.622.360
DELINTER● Active
0790.282.853
DL CONSULTING● Active
0870.649.135
Hiab Belgium● Active
0804.878.977
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0541.964.239
PM Group Architects Belgium● Active
1031.455.438

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/04/202401/04/202301/04/202201/04/202101/04/202001/04/2019
Closing of the financial year31/03/202531/03/202431/03/202331/03/202231/03/202131/03/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date16/10/202510/12/202414/11/202303/01/202328/10/202113/11/2020
General meeting20/09/202530/09/202430/09/202320/09/202230/09/202124/07/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 7 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/03/202520/09/202516/10/2025FrenchPDF
Full model31/03/202430/09/202410/12/2024FrenchPDF
Full model31/03/202330/09/202314/11/2023FrenchPDF
Full model31/03/202220/09/202203/01/2023FrenchPDF
Full model31/03/202130/09/202128/10/2021FrenchPDF
Full model31/03/202024/07/202013/11/2020FrenchPDF
Abridged model31/03/201920/09/201929/11/2019FrenchPDF

Indicative valuation

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.

Board of directors

Source · NBB, accounts to 31/03/2025

5 active · 20 ended

Active mandates

Sen Indranil

Director · since 25 avril 2024 · until 05 décembre 2024

Active
Christopher RINGLSTETTER

Managing director · since 21 octobre 2019

Active
Jairam VARADARAJ

Director · since 27 septembre 2019 · until 05 décembre 2024

Active
Nicola PAGLIETTI

Director · since 27 septembre 2019

Active
Shyam VASUDEVAN

Director · since 27 septembre 2019 · until 05 décembre 2024

Active

Ended mandates

Indranil Sen

Director · since 25 avril 2024

Ended
Jairam VARADARAJ

Chairman of the board of directors · since 27 octobre 2019

Ended
Christopher Derek RINGLSTETTER

Director · since 21 octobre 2019

Ended
Jairam VARADARAJ

Director · since 27 septembre 2019

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates18/08/2026
    Démission d'administrateur - Délégations de pouvoirs - Nomination d'un
    PDF
  • Mandates09/06/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/12/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/09/2022
    DEMISSIONS, NOMINATIONS - DIVERS
    PDF
  • Mandates05/07/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/11/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates02/10/2019
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DEMISSIONS, NOMINATIONS
    PDF

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A company's peers, by sector and size, are included in the Business plan.

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Timeline

  1. 2025
    Annual accounts 2025-3 M €↑
  2. 2024
    Annual accounts 2024-5,8 M €↑
  3. 2023
    Annual accounts 2023-7,4 M €↓
  4. 2022
    Annual accounts 2022-6,9 M €↓
  5. 2020
    Annual accounts 2020-3,8 M €↓
  6. 2019
    Annual accounts 2019-146,5 k €
  7. 05/02/2019
    IncorporationPrivate limited company