ACTIVE

EL²

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Financial year 2025 · closed on 30/09/2025

Net result

15,6 k €

-80.6% YoY

Gross margin

98,4 k €

-20.9% YoY

Equity

553,9 k €

-38.2% YoY

What does EL² do?

EL² is a Private limited company incorporated in 2010. Its main activity is: Trade of electricity. Its registered office is in Sint-Pieters-Leeuw.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0831.036.414

Incorporation

05/11/2010

Legal form

Private limited company

Registered office

Karenberg 6
1600 Sint-Pieters-Leeuw · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

30/09/2025

Activities (NACE)

35140Trade of electricity· main 35150Electric power generation, transmission and distribution 80090Security and investigation activities 80200Security systems service activities

Joint committees (2)

14901
200

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	98,4 k €	-20.9%	124,4 k €	-40.9%	210,7 k €	+738%	25,2 k €	-94.4%	452,6 k €	+355%	99,6 k €	+2.3%	97,3 k €	-23.7%	127,5 k €	-57.4%	299,6 k €	+19.4%	250,9 k €	+59.7%	157 k €	+42.6%	110,1 k €	-38.0%	177,8 k €	+119%	81,2 k €	+80.6%	44,9 k €
EBITDA	95,7 k €	-21.9%	122,6 k €	-41.3%	208,9 k €	+782%	23,7 k €	-94.6%	436 k €	+347%	97,5 k €	+3.1%	94,6 k €	+29.6%	73 k €	-58.3%	174,9 k €	+147%	70,9 k €	-29.2%	100,2 k €	+8.7%	92,2 k €	-44.6%	166,5 k €	+137%	70,3 k €	+69.4%	41,5 k €
Operating result	75,6 k €	-33.9%	114,3 k €	-42.3%	198,2 k €	+1351%	13,7 k €	-96.8%	429,3 k €	+474%	74,9 k €	+15.2%	65 k €	+61.2%	40,3 k €	-70.3%	135,8 k €	+288%	35 k €	-43.9%	62,3 k €	+20.5%	51,7 k €	-41.8%	88,9 k €	+59.3%	55,8 k €	+104%	27,3 k €
Net result	15,6 k €	-80.6%	80 k €	-40.4%	134,4 k €	+961%	-15,6 k €	-112%	127 k €	+190%	43,8 k €	+41.1%	31 k €	+374%	-11,3 k €	-110%	113,5 k €	+5122%	2,2 k €	-94.5%	39,7 k €	+48.1%	26,8 k €	-57.2%	62,6 k €	+57.3%	39,8 k €	+106%	19,3 k €
Balance sheet
Equity	553,9 k €	-38.2%	896,4 k €	+9.8%	816,3 k €	+19.7%	682 k €	-2.2%	697,6 k €	+91.5%	364,2 k €	+13.7%	320,4 k €	+10.7%	289,4 k €	-3.8%	300,7 k €	+60.6%	187,2 k €	+1.2%	185 k €	+27.4%	145,3 k €	+22.6%	118,5 k €	+99.7%	59,3 k €	+158%	23 k €
Total assets	1,1 M €	+10.5%	992,2 k €	+13.8%	872,2 k €	+16.8%	746,5 k €	-12.5%	852,7 k €	+30.3%	654,4 k €	-4.0%	681,8 k €	-1.2%	690,1 k €	-2.2%	705,6 k €	+3.6%	681,3 k €	-0.3%	683,3 k €	-4.5%	715,3 k €	+14.6%	624,2 k €	+203%	205,7 k €	+26.2%	163 k €
Cash	3,8 k €	-96.2%	98,3 k €	+88.7%	52,1 k €	+9.8%	47,4 k €	-61.6%	123,5 k €	+124%	55,3 k €	-55.0%	122,8 k €	+214%	39,2 k €	-49.3%	77,2 k €	-26.0%	104,3 k €	+94.9%	53,5 k €	-52.2%	111,9 k €	+107%	54,1 k €	+26.5%	42,7 k €	+61.0%	26,5 k €
Debts	542,8 k €	+466%	95,9 k €	+71.5%	55,9 k €	-13.4%	64,5 k €	-37.6%	103,5 k €	-64.2%	288,8 k €	-19.8%	360,1 k €	-10.1%	400,7 k €	-1.0%	404,9 k €	-18.0%	494,1 k €	-0.8%	498,3 k €	-6.0%	530,1 k €	+4.9%	505,1 k €	+247%	145,7 k €	+6.5%	136,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		4,9 ETP	+133%	2,1 ETP		–		2,0 ETP	+17.6%	1,7 ETP	+467%	0,3 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 30/09/2025 · 1 active · 2 ended

Active mandates

Sébastien Dourte

Director

Active

Ended mandates

Sébastien Dourte

Manager · since 05 novembre 2010

Ended

Sébastien Dourte

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/04/2026	28/04/2025	29/04/2024	17/03/2023	13/06/2022	30/04/2021
General meeting	06/03/2026	07/03/2025	01/03/2024	03/03/2023	04/03/2022	05/03/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	06/03/2026	27/04/2026	Dutch	PDF
Micro model	30/09/2024	07/03/2025	28/04/2025	Dutch	PDF
Micro model	30/09/2023	01/03/2024	29/04/2024	Dutch	PDF
Micro model	30/09/2022	03/03/2023	17/03/2023	Dutch	PDF
Micro model	30/09/2021	04/03/2022	13/06/2022	Dutch	PDF
Micro model	30/09/2020	05/03/2021	30/04/2021	Dutch	PDF
Micro model	30/09/2019	06/03/2020	29/04/2020	Dutch	PDF
Micro model	30/09/2018	01/03/2019	02/05/2019	Dutch	PDF
Micro model	30/09/2017	02/03/2018	30/04/2018	Dutch	PDF
Abridged model	30/09/2016	03/03/2017	02/05/2017	Dutch	PDF
Abridged model	30/09/2015	04/03/2016	07/04/2016	Dutch	PDF
Abridged model	30/09/2014	27/03/2015	29/05/2015	Dutch	PDF
Abridged model	30/09/2013	28/03/2014	29/05/2014	Dutch	PDF
Abridged model	30/09/2012	22/03/2013	10/06/2013	Dutch	PDF
Abridged model	30/09/2011	16/03/2012	30/05/2012	Dutch	PDF

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 · 2 ended

Active mandates

Sébastien Dourte

Director

Active

Ended mandates

Sébastien Dourte

Manager · since 05 novembre 2010

Ended

Sébastien Dourte

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/11/2021
BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates03/12/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/09/2013
DEMISSIONS, NOMINATIONS
PDF
Registered office17/08/2011
SIEGE SOCIAL
PDF
Other23/11/2010
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202515,6 k €↓
2024
Annual accounts 202480 k €↓
2023
Annual accounts 2023134,4 k €↑
2022
Annual accounts 2022-15,6 k €↓
2021
Annual accounts 2021127 k €↑
2020
Annual accounts 202043,8 k €↑
2019
Annual accounts 201931 k €↑
2018
Annual accounts 2018-11,3 k €↓
2017
Annual accounts 2017113,5 k €↑
2016
Annual accounts 20162,2 k €↓
2015
Annual accounts 201539,7 k €↑
2014
Annual accounts 201426,8 k €↓
2013
Annual accounts 201362,6 k €↑
2012
Annual accounts 201239,8 k €↑
2011
Annual accounts 201119,3 k €
05/11/2010
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

EL²

Overview

What does EL² do?

Trend over 15 financial years

Indicative valuation

Board of directors

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