ACTIVE

ELAS

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
22,5 k €
+18.2% YoY
Gross margin
20,8 k €
+179.4% YoY
Equity
3,3 M €
+0.7% YoY

What does ELAS do?

ELAS is a Private limited company incorporated in 2012. Its registered office is in Aalter.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0847.330.434
Incorporation
10/07/2012
Legal form
Private limited company
Registered office
Stationsstraat 124
9880 Aalter · FlandreSee on map
Contributed capital
20 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
43240Electrical, plumbing and other construction installation activities· main43429Specialised construction activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Gross margin20,8 k €-26,2 k €-6,3 k €144,3 k €428,1 k €418,5 k €334,3 k €307,4 k €308,7 k €64 k €102,2 k €86,5 k €56 k €
EBITDA15,5 k €-30,7 k €-8,6 k €141,4 k €426,6 k €417,6 k €333,3 k €306,3 k €307,6 k €62,8 k €101,5 k €85,7 k €49,1 k €
Operating result-20,5 k €-41,2 k €-13,8 k €140,7 k €426,6 k €417,6 k €333,3 k €306,3 k €307,6 k €57,5 k €96,1 k €80,4 k €49,1 k €
Net result22,5 k €19 k €11,9 k €1,8 M €294,3 k €289 k €219,8 k €206,3 k €177,3 k €27,9 k €46,5 k €53,9 k €39,2 k €
Balance sheet
Equity3,3 M €3,2 M €3,2 M €3,2 M €1,4 M €1,1 M €777,4 k €557,6 k €351,3 k €174 k €146,1 k €99,6 k €59,2 k €
Total assets3,3 M €3,2 M €3,2 M €3,2 M €1,4 M €1,1 M €827,4 k €634,9 k €482,9 k €395,1 k €361 k €378,1 k €347,4 k €
Cash17,2 k €774 €59,4 k €514,9 k €55,2 k €28,5 k €8,8 k €21,6 k €15,4 k €23,1 k €12,9 k €11,3 k €303 €
Debts23,8 k €3,4 k €7,1 k €5,1 k €24,7 k €17,5 k €50 k €77,3 k €130,6 k €221,1 k €215 k €277,9 k €288,2 k €
Other
Workforce––––––––––––0,2 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 · 2 active · 3 ended

Active mandates

Alain CORVELYN

Mandate

Active
Ingrid GOETHALS

Mandate

Active

Ended mandates

Alain CORVELYN

Manager · since 10 juillet 2012

Ended
Alain CORVELYN

Director

Ended
Alain CORVELYN

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date08/06/202617/07/202519/06/202419/06/202324/05/202210/06/2021
General meeting01/06/202630/06/202503/06/202405/06/202323/05/202207/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202501/06/202608/06/2026DutchPDF
Micro model31/12/202430/06/202517/07/2025DutchPDF
Micro model31/12/202303/06/202419/06/2024DutchPDF
Micro model31/12/202205/06/202319/06/2023DutchPDF
Micro model31/12/202123/05/202224/05/2022DutchPDF
Micro model31/12/202007/06/202110/06/2021DutchPDF
Micro model31/12/201901/06/202019/06/2020DutchPDF
Micro model31/12/201803/06/201910/06/2019DutchPDF
Micro model31/12/201704/06/201806/06/2018DutchPDF
Micro model31/12/201629/05/201731/05/2017DutchPDF
Abridged model31/12/201517/05/201618/05/2016DutchPDF
Abridged model31/12/201401/06/201530/06/2015DutchPDF
Abridged model31/12/201316/06/201402/07/2014DutchPDF
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 · 2 active · 3 ended

Active mandates

Alain CORVELYN

Mandate

Active
Ingrid GOETHALS

Mandate

Active

Ended mandates

Alain CORVELYN

Manager · since 10 juillet 2012

Ended
Alain CORVELYN

Director

Ended
Alain CORVELYN

Manager

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates06/02/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other20/07/2012
    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 202522,5 k €↑
  2. 2024
    Annual accounts 202419 k €↑
  3. 2023
    Annual accounts 202311,9 k €↓
  4. 2022
    Annual accounts 20221,8 M €↑
  5. 2021
    Annual accounts 2021294,3 k €↑
  6. 2020
    Annual accounts 2020289 k €↑
  7. 2019
    Annual accounts 2019219,8 k €↑
  8. 2018
    Annual accounts 2018206,3 k €↑
  9. 2017
    Annual accounts 2017177,3 k €↑
  10. 2016
    Annual accounts 201627,9 k €↓
  11. 2015
    Annual accounts 201546,5 k €↓
  12. 2014
    Annual accounts 201453,9 k €↑
  13. 2013
    Annual accounts 201339,2 k €
  14. 10/07/2012
    IncorporationPrivate limited company