ACTIVE

ELUDE

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Financial year 2025 · closed on 31/05/2025

Net result

50,7 k €

-95.1% YoY

Gross margin

136,8 k €

-90.6% YoY

Equity

6,8 M €

+0.8% YoY

Workforce

0,0 ETP

What does ELUDE do?

ELUDE is a Private limited company incorporated in 2003. Its main activity is: Activities of holding companies. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0861.292.001

Incorporation

24/10/2003

Legal form

Private limited company

Registered office

Gavergrachtstraat 14
9031 Gent · FlandreSee on map

Contributed capital

3 740 394,05 €

Latest accounts

31/05/2025

Average workforce

0,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74142Specialised design activities 47110Retail sale in non-specialised stores with food, beverages or tobacco predominating 47114Retail sale in non-specialised stores with food, beverages or tobacco predominating 70200Management consultancy activities+1

Joint committees (3)

201
202
20201

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	136,8 k €	-90.6%	1,5 M €	+33.5%	1,1 M €	+22.6%	891,8 k €	+339%	203 k €	-89.8%	2 M €	+48.3%	1,3 M €	+18.3%	1,1 M €	+7.9%	1,1 M €	-6.1%	1,1 M €	+11.4%	1 M €	+2.3%	984,3 k €	+622%	136,3 k €	+4.9%	129,9 k €	-11.7%	147,2 k €	-59.8%	365,7 k €	+254%	103,3 k €	-8.4%	112,7 k €	-24.2%	148,8 k €
EBITDA	126,6 k €	-91.3%	1,5 M €	+34.1%	1,1 M €	+22.7%	882,9 k €	+352%	195,5 k €	-83.0%	1,1 M €	+88.0%	610,8 k €	+79.2%	340,8 k €	-10.9%	382,3 k €	-2.0%	390 k €	+36.3%	286,2 k €	-46.9%	538,8 k €	+311%	131,2 k €	+5.0%	125 k €	-8.9%	137,2 k €	-61.5%	356,6 k €	+261%	98,7 k €	-6.7%	105,8 k €	-27.7%	146,4 k €
Operating result	73,9 k €	-94.7%	1,4 M €	+37.3%	1 M €	+24.0%	821,1 k €	+470%	144 k €	-80.9%	753,9 k €	+354%	166 k €	+33.1%	124,8 k €	+16.0%	107,6 k €	-44.8%	195 k €	+186%	68,1 k €	-76.8%	292,9 k €	+273%	78,4 k €	+10.7%	70,9 k €	-19.9%	88,4 k €	-71.7%	312,2 k €	+466%	55,2 k €	-16.0%	65,7 k €	-35.3%	101,7 k €
Net result	50,7 k €	-95.1%	1 M €	+37.4%	756,2 k €	+29.6%	583,6 k €	+536%	91,7 k €	-81.0%	482,5 k €	+298%	121,3 k €	+114%	56,7 k €	+10.1%	51,4 k €	-37.2%	82 k €	-51.1%	167,6 k €	-5.8%	177,9 k €	+473%	31,1 k €	-15.6%	36,8 k €	-27.7%	50,9 k €	-73.8%	194,4 k €	+573%	28,9 k €	-21.9%	37 k €	-36.3%	58,1 k €
Balance sheet
Equity	6,8 M €	+0.8%	6,7 M €	+13.8%	5,9 M €	+14.7%	5,1 M €	+311%	1,2 M €	+7.6%	1,2 M €	+71.3%	677,1 k €	+21.4%	557,9 k €	+11.3%	501,2 k €	+11.4%	449,8 k €	+22.3%	367,8 k €	+83.7%	200,2 k €	-7.2%	215,8 k €	+16.8%	184,8 k €	-33.5%	278 k €	+22.4%	227,1 k €	-6.4%	242,7 k €	+13.5%	213,8 k €	+20.9%	176,8 k €
Total assets	7,4 M €	-1.7%	7,5 M €	+19.8%	6,3 M €	+5.9%	5,9 M €	+17.7%	5 M €	-25.1%	6,7 M €	-0.3%	6,7 M €	+170%	2,5 M €	+16.0%	2,1 M €	+5.9%	2 M €	-16.3%	2,4 M €	+12.6%	2,1 M €	+137%	906,4 k €	+4.1%	870,4 k €	+43.9%	605 k €	-12.8%	693,8 k €	+55.9%	445 k €	+3.1%	431,5 k €	-4.8%	453,3 k €
Cash	215,8 k €	+22.5%	176,1 k €	-80.7%	912,7 k €	-16.9%	1,1 M €	+440%	203,5 k €	-62.8%	547,3 k €	-8.4%	597,7 k €	-41.3%	1 M €	+99.1%	511,7 k €	-40.6%	861,3 k €	-22.0%	1,1 M €	+81.6%	608,1 k €	+6365%	9,4 k €	-89.6%	90,3 k €	-5.9%	96 k €	-13.8%	111,4 k €	+359%	24,3 k €	+118%	11,1 k €	-38.5%	18,1 k €
Debts	609,6 k €	-22.8%	789,2 k €	+115%	366,3 k €	-52.6%	772,9 k €	-79.5%	3,8 M €	-31.9%	5,5 M €	-8.3%	6 M €	+213%	1,9 M €	+17.8%	1,6 M €	+6.2%	1,5 M €	-23.0%	2 M €	+3.7%	1,9 M €	+189%	668,7 k €	-0.8%	674,2 k €	+107%	325,5 k €	-30.0%	465,3 k €	+130%	202,3 k €	-7.1%	217,7 k €	-21.2%	276,5 k €
Other
Workforce	0,0 ETP		–		–		–		–		25,7 ETP	-1.9%	26,2 ETP	+6.5%	24,6 ETP	+10.8%	22,2 ETP	-10.8%	24,9 ETP	+7.3%	23,2 ETP	+130%	10,1 ETP		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/05/2025 · 2 active · 8 ended

Active mandates

Sophie Verdeure

Director · since 18 décembre 2020

Active

Sven Denayer

Director · since 18 décembre 2020

Active

Ended mandates

SVEN DENAYER

Manager · since 01 janvier 2014

Ended

Sophie VERDEURE

Manager · since 20 décembre 2011

Ended

SOPHIE VERDEURE

Director

Ended

SOPHIE VERDEURE

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Ludena● Active	1021.720.695

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	01/06/2024	01/06/2023	01/06/2022	01/06/2021	01/06/2020	01/06/2019
Closing of the financial year	31/05/2025	31/05/2024	31/05/2023	31/05/2022	31/05/2021	31/05/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/02/2026	31/01/2025	24/05/2024	29/12/2022	30/12/2021	26/01/2021
General meeting	21/11/2025	06/12/2024	17/11/2023	18/11/2022	19/11/2021	21/10/2020
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	31/05/2025	21/11/2025	27/02/2026	Dutch	PDF
Abridged model	31/05/2024	06/12/2024	31/01/2025	Dutch	PDF
Abridged model	31/05/2023	17/11/2023	24/05/2024	Dutch	PDF
Abridged model	31/05/2022	18/11/2022	29/12/2022	Dutch	PDF
Abridged model	31/05/2021	19/11/2021	30/12/2021	Dutch	PDF
Abridged model	31/05/2020	21/10/2020	26/01/2021	Dutch	PDF
Abridged model	31/05/2019	15/11/2019	23/01/2020	Dutch	PDF
Abridged model	31/05/2018	16/11/2018	15/01/2019	Dutch	PDF
Abridged model	31/05/2017	17/11/2017	04/12/2017	Dutch	PDF
Abridged model	31/05/2016	18/11/2016	13/01/2017	Dutch	PDF
Abridged model	31/05/2015	20/11/2015	25/11/2015	Dutch	PDF
Abridged model	31/05/2014	12/12/2014	19/12/2014	Dutch	PDF
Abridged model	31/05/2013	20/12/2013	20/12/2013	Dutch	PDF
Abridged model	31/05/2012	20/12/2012	21/12/2012	Dutch	PDF
Abridged model	31/05/2011	18/11/2011	26/12/2011	Dutch	PDF
Abridged model	31/05/2010	22/12/2010	11/01/2011	Dutch	PDF
Abridged model	31/05/2009	20/11/2009	29/12/2009	Dutch	PDF
Abridged model	31/05/2008	21/11/2008	18/12/2008	Dutch	PDF
Abridged model	31/05/2007	16/11/2007	20/11/2007	Dutch	PDF
Abridged model	31/05/2006	17/11/2006	10/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/05/2025 · 2 active · 8 ended

Active mandates

Sophie Verdeure

Director · since 18 décembre 2020

Active

Sven Denayer

Director · since 18 décembre 2020

Active

Ended mandates

SVEN DENAYER

Manager · since 01 janvier 2014

Ended

Sophie VERDEURE

Manager · since 20 décembre 2011

Ended

SOPHIE VERDEURE

Director

Ended

SOPHIE VERDEURE

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other28/06/2021
DIVERSEN
PDF
Restructuring30/12/2020
ONTSLAGEN - BENOEMINGEN - BOEKJAAR - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring20/10/2020
WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares19/06/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates19/02/2014
ONTSLAGEN - BENOEMINGEN
PDF
Other18/07/2013
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates15/03/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/02/2012
ONTSLAGEN - BENOEMINGEN
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 202550,7 k €↓
2024
Annual accounts 20241 M €↑
2023
Annual accounts 2023756,2 k €↑
2022
Annual accounts 2022583,6 k €↑
2021
Annual accounts 202191,7 k €↓
2020
Annual accounts 2020482,5 k €↑
2019
Annual accounts 2019121,3 k €↑
2018
Annual accounts 201856,7 k €↑
2017
Annual accounts 201751,4 k €↓
2016
Annual accounts 201682 k €↓
2015
Annual accounts 2015167,6 k €↓
2014
Annual accounts 2014177,9 k €↑
2013
Annual accounts 201331,1 k €↓
2012
Annual accounts 201236,8 k €↓
2011
Annual accounts 201150,9 k €↓
2010
Annual accounts 2010194,4 k €↑
2009
Annual accounts 200928,9 k €↓
2008
Annual accounts 200837 k €↓
2007
Annual accounts 200758,1 k €
24/10/2003
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

ELUDE

Overview

What does ELUDE do?

Trend over 19 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