ACTIVE

ELSEN EQUIPMENT

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Financial year 2025 · closed on 31/12/2025

Net result

142,7 k €

-28.3% YoY

Gross margin

196,5 k €

-26.3% YoY

Equity

1,7 M €

+4.5% YoY

What does ELSEN EQUIPMENT do?

ELSEN EQUIPMENT is a Public limited company incorporated in 2003. Its main activity is: Wholesale of mining, construction and civil engineering machinery. Its registered office is in Aarschot.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0859.933.407

Incorporation

08/07/2003

Legal form

Public limited company

Registered office

Nieuwlandlaan 13
3200 Aarschot · FlandreSee on map

Contributed capital

607 100,00 €

Latest accounts

31/12/2025

Activities (NACE)

46630Wholesale of mining, construction and civil engineering machinery· main 46630Wholesale of mining, construction and civil engineering machinery 51820Air transport 46649Wholesale of machinery for the textile industry and of sewing and knitting machines 46699Wholesale of other machinery and equipment 51873Air transport

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	196,5 k €	-26.3%	266,5 k €	+11.2%	239,8 k €	+90.5%	125,9 k €	+8.9%	115,6 k €	-39.8%	192,1 k €	+13.1%	169,9 k €	-26.7%	231,6 k €	-6.2%	246,9 k €	+50.3%	164,3 k €	-7.6%	177,9 k €	-3.2%	183,7 k €	+27.6%	144 k €	-9.8%	159,7 k €	+24.5%	128,3 k €	+39.9%	91,7 k €	+50.8%	60,8 k €	-66.1%	179,3 k €	+14.1%	157,1 k €	+60.0%	98,2 k €
EBITDA	195,4 k €	-26.4%	265,5 k €	+11.2%	238,8 k €	+91.1%	125 k €	+9.0%	114,6 k €	-40.1%	191,3 k €	+13.2%	169 k €	-26.8%	230,7 k €	-6.2%	246 k €	+50.5%	163,4 k €	-7.7%	177 k €	-3.2%	182,9 k €	+27.8%	143,1 k €	-9.9%	158,8 k €	+24.6%	127,4 k €	+40.3%	90,8 k €	+51.5%	59,9 k €	-66.4%	178,4 k €	+14.3%	156,1 k €	+60.4%	97,3 k €
Operating result	195,4 k €	-26.4%	265,5 k €	+11.2%	238,8 k €	+91.1%	125 k €	+9.0%	114,6 k €	-40.1%	191,3 k €	+13.2%	169 k €	-26.8%	230,7 k €	-6.2%	246 k €	+50.5%	163,4 k €	-7.7%	177 k €	-3.2%	182,9 k €	+27.8%	143,1 k €	-9.9%	158,8 k €	+24.6%	127,4 k €	+40.3%	90,8 k €	+51.5%	59,9 k €	-66.4%	178,4 k €	+14.8%	155,4 k €	+62.5%	95,7 k €
Net result	142,7 k €	-28.3%	198,9 k €	+12.4%	177 k €	+91.3%	92,5 k €	+7.9%	85,8 k €	-40.6%	144,3 k €	+16.0%	124,4 k €	-40.5%	209,1 k €	+29.2%	161,8 k €	+49.7%	108,1 k €	-5.6%	114,5 k €	-3.4%	118,6 k €	+24.9%	94,9 k €	-10.2%	105,7 k €	+33.3%	79,3 k €	+30.8%	60,6 k €	+63.5%	37,1 k €	-70.0%	123,7 k €	+16.6%	106,1 k €	+52.5%	69,6 k €
Balance sheet
Equity	1,7 M €	+4.5%	1,6 M €	+8.6%	1,5 M €	+7.7%	1,4 M €	+3.9%	1,3 M €	+3.5%	1,3 M €	+6.1%	1,2 M €	+5.6%	1,2 M €	+10.5%	1 M €	+10.8%	940,4 k €	+5.4%	892,3 k €	+6.5%	837,8 k €	+24.6%	672,1 k €	-11.1%	756,2 k €	+16.2%	650,6 k €	+0.7%	646,3 k €	+0.1%	645,7 k €	+6.1%	608,6 k €	+5.9%	574,9 k €	+2.9%	558,8 k €
Total assets	2,8 M €	+11.5%	2,5 M €	-44.4%	4,5 M €	+31.6%	3,4 M €	+21.0%	2,8 M €	-1.9%	2,9 M €	-13.1%	3,3 M €	-18.4%	4 M €	+39.0%	2,9 M €	-2.5%	3 M €	+27.1%	2,3 M €	+22.1%	1,9 M €	+30.4%	1,5 M €	-19.4%	1,8 M €	+5.2%	1,7 M €	+3.9%	1,7 M €	-14.3%	2 M €	-28.5%	2,7 M €	+77.8%	1,5 M €	+27.9%	1,2 M €
Cash	549,2 k €	+196%	185,8 k €	-49.1%	364,8 k €	-59.8%	906,8 k €	+6.8%	848,8 k €	+68.5%	503,7 k €	+120%	229,2 k €	+1.9%	225 k €	+5244%	4,2 k €	-96.2%	109,6 k €	-11.4%	123,7 k €	-40.3%	207 k €	+103%	101,7 k €	+2.1%	99,7 k €	+56.4%	63,7 k €	-58.5%	153,7 k €	+6.8%	144 k €	-54.4%	315,6 k €	+92.9%	163,6 k €	+18.1%	138,6 k €
Debts	1,1 M €	+24.6%	866,3 k €	-71.0%	3 M €	+48.0%	2 M €	+36.4%	1,5 M €	-6.3%	1,6 M €	-24.3%	2,1 M €	-28.0%	2,9 M €	+54.9%	1,9 M €	-8.7%	2 M €	+40.4%	1,5 M €	+34.1%	1,1 M €	+35.1%	803,9 k €	-25.2%	1,1 M €	-1.4%	1,1 M €	+5.9%	1 M €	-21.4%	1,3 M €	-38.4%	2,1 M €	+121%	964 k €	+49.6%	644,5 k €

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 · 19 ended

Active mandates

Geert Elsen

Managing director · since 14 octobre 2021 · until 31 mai 2027

Active

MOPIC

Director · since 14 octobre 2021 · until 31 mai 2027 · 0643.560.554

Represented by Bosseloo PIERRE

Active

Ended mandates

Geert Elsen

Director · since 14 octobre 2021 · until 31 mai 2027

Ended

Geert Elsen

Managing director · since 14 octobre 2021 · until 14 octobre 2027

Ended

MOPIC

Director · since 14 octobre 2021 · until 31 mai 2027 · 0643.560.554

Represented by Pierre Bosseloo

Ended

MOPIC

Director · since 14 octobre 2021 · until 14 octobre 2027 · 0643.560.554

Represented by Pierre Bosseloo

Ended

At this address

Other companies at this address

Company	CBE no.
ELSEN TRAKTOR● Active	0413.557.916

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/05/2026	31/07/2025	26/08/2024	31/08/2023	25/08/2022	31/08/2021
General meeting	26/05/2026	26/05/2025	27/05/2024	30/05/2023	30/05/2022	30/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/05/2026	28/05/2026	Dutch	PDF
Abridged model	31/12/2024	26/05/2025	31/07/2025	Dutch	PDF
Abridged model	31/12/2023	27/05/2024	26/08/2024	Dutch	PDF
Abridged model	31/12/2022	30/05/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/05/2022	25/08/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	08/10/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	28/08/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	29/08/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	10/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	26/08/2016	Dutch	PDF
Abridged model	31/12/2014	16/06/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	26/08/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	13/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	26/06/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	28/05/2007	29/08/2007	Dutch	PDF

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 · 19 ended

Active mandates

Geert Elsen

Managing director · since 14 octobre 2021 · until 31 mai 2027

Active

MOPIC

Director · since 14 octobre 2021 · until 31 mai 2027 · 0643.560.554

Represented by Bosseloo PIERRE

Active

Ended mandates

Geert Elsen

Director · since 14 octobre 2021 · until 31 mai 2027

Ended

Geert Elsen

Managing director · since 14 octobre 2021 · until 14 octobre 2027

Ended

MOPIC

Director · since 14 octobre 2021 · until 31 mai 2027 · 0643.560.554

Represented by Pierre Bosseloo

Ended

MOPIC

Director · since 14 octobre 2021 · until 14 octobre 2027 · 0643.560.554

Represented by Pierre Bosseloo

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/11/2016
ONTSLAGEN - BENOEMINGEN
PDF
Registered office26/08/2016
MAATSCHAPPELIJKE ZETEL
PDF
Mandates09/12/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/04/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares03/01/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates26/07/2010
ONTSLAGEN - BENOEMINGEN
PDF
Registered office14/04/2009
MAATSCHAPPELIJKE ZETEL
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 2025142,7 k €↓
2024
Annual accounts 2024198,9 k €↑
2023
Annual accounts 2023177 k €↑
2022
Annual accounts 202292,5 k €↑
2021
Annual accounts 202185,8 k €↓
2020
Annual accounts 2020144,3 k €↑
2019
Annual accounts 2019124,4 k €↓
2018
Annual accounts 2018209,1 k €↑
2017
Annual accounts 2017161,8 k €↑
2016
Annual accounts 2016108,1 k €↓
2015
Annual accounts 2015114,5 k €↓
2014
Annual accounts 2014118,6 k €↑
2013
Annual accounts 201394,9 k €↓
2012
Annual accounts 2012105,7 k €↑
2011
Annual accounts 201179,3 k €↑
2010
Annual accounts 201060,6 k €↑
2009
Annual accounts 200937,1 k €↓
2008
Annual accounts 2008123,7 k €↑
2007
Annual accounts 2007106,1 k €↑
2006
Annual accounts 200669,6 k €
08/07/2003
IncorporationPublic 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

ELSEN EQUIPMENT

Overview

What does ELSEN EQUIPMENT do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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