ACTIVE

ELBONET

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Financial year 2025 · closed on 30/09/2025

Net result

41,5 k €

-5.4% YoY

Gross margin

116,1 k €

+16.1% YoY

Equity

125,0 k €

+49.7% YoY

What does ELBONET do?

ELBONET is a Private limited company incorporated in 2004. Its main activity is: Other information technology and computer service activities. Its registered office is in Watermael-Boitsfort.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.371.741

Incorporation

18/05/2004

Legal form

Private limited company

Registered office

Boulevard du Souverain 90
1170 Watermael-Boitsfort · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Activities (NACE)

62090Other information technology and computer service activities· main 62900Computer programming, consultancy and related activities 55204Holiday and other short-stay accommodation 55204Holiday and other short-stay accommodation

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	116,1 k €	+16.1%	100,0 k €	+21.6%	82,2 k €	+35.3%	60,8 k €	-4.6%	63,7 k €	+43.6%	44,3 k €	-43.3%	78,1 k €	-16.9%	94,1 k €	+40.4%	67,0 k €	+101%	33,3 k €	-58.6%	80,4 k €	+27.6%	63,0 k €	-23.8%	82,7 k €	+68.0%	49,2 k €	+24.1%	39,6 k €	-22.2%	50,9 k €	-10.9%	57,1 k €	-42.8%	99,9 k €	+52.2%	65,7 k €
EBITDA	111,9 k €	+23.7%	90,5 k €	+15.4%	78,5 k €	+34.4%	58,4 k €	+2.8%	56,8 k €	+47.3%	38,5 k €	-48.3%	74,5 k €	-15.3%	87,9 k €	+48.9%	59,1 k €	+92.1%	30,8 k €	-55.6%	69,3 k €	+14.9%	60,3 k €	-25.5%	81,0 k €	+70.8%	47,4 k €	+28.1%	37,0 k €	-23.9%	48,6 k €	-8.7%	53,3 k €	-45.1%	97,1 k €	+51.5%	64,1 k €
Operating result	60,6 k €	-15.4%	71,7 k €	+23.0%	58,3 k €	+131%	25,2 k €	+28.0%	19,7 k €	+924%	1,9 k €	-94.9%	37,9 k €	-25.9%	51,1 k €	+149%	20,5 k €	+235%	-15,2 k €	-225%	12,1 k €	+372%	-4,5 k €	-125%	18,2 k €	+171%	-25,7 k €	-921%	3,1 k €	-72.9%	11,5 k €	+35.2%	8,5 k €	-84.1%	53,7 k €	+131%	23,3 k €
Net result	41,5 k €	-5.4%	43,9 k €	+25.1%	35,1 k €	+175%	12,8 k €	+25.5%	10,2 k €	+216%	-8,8 k €	-134%	25,4 k €	-29.1%	35,8 k €	+4600%	-796,7 €	+97.5%	-31,7 k €	-368%	-6,8 k €	+72.9%	-25,1 k €	-863%	-2,6 k €	+93.8%	-42,3 k €	-567%	-6,3 k €	-260%	-1,8 k €	+66.4%	-5,2 k €	-118%	28,6 k €	+285%	7,4 k €
Balance sheet
Equity	125,0 k €	+49.7%	83,5 k €	+111%	39,6 k €	+766%	4,6 k €	+156%	-8,2 k €	+55.4%	-18,4 k €	-91.3%	-9,6 k €	+72.6%	-35,0 k €	+50.6%	-70,9 k €	-1.1%	-70,1 k €	-82.8%	-38,3 k €	-21.5%	-31,5 k €	-387%	-6,5 k €	-67.1%	-3,9 k €	-115%	26,0 k €	-19.6%	32,4 k €	-5.2%	34,1 k €	-69.0%	110,0 k €	+33.8%	82,2 k €
Total assets	225,7 k €	+18.8%	189,9 k €	+13.2%	167,8 k €	-7.9%	182,2 k €	-3.7%	189,3 k €	-17.6%	229,7 k €	-12.8%	263,3 k €	-8.0%	286,3 k €	+4.6%	273,7 k €	-10.7%	306,5 k €	-26.3%	416,1 k €	+0.4%	414,3 k €	-17.1%	499,6 k €	+15.2%	433,6 k €	+51.0%	287,1 k €	-7.1%	309,2 k €	-10.9%	347,0 k €	-13.1%	399,3 k €	+1.9%	391,8 k €
Cash	27,8 k €	-34.8%	42,7 k €	+227%	13,1 k €	-57.8%	31,0 k €	+44.0%	21,5 k €	+55.9%	13,8 k €	-20.4%	17,3 k €	-44.0%	31,0 k €	+7139%	428,1 €	-83.1%	2,5 k €	-86.9%	19,3 k €	+567%	2,9 k €	-81.6%	15,7 k €	+493%	2,6 k €	-82.0%	14,8 k €	-14.1%	17,2 k €	+160%	6,6 k €	-86.8%	50,0 k €	+486%	8,5 k €
Debts	17,5 k €	-68.1%	54,9 k €	-27.6%	75,8 k €	-39.0%	124,2 k €	-12.0%	141,1 k €	-27.1%	193,5 k €	-10.9%	217,3 k €	-18.0%	264,9 k €	-8.0%	288,0 k €	-9.8%	319,3 k €	-19.5%	396,6 k €	+2.4%	387,4 k €	-13.3%	447,1 k €	+18.3%	377,9 k €	+44.8%	261,1 k €	-4.9%	274,4 k €	-12.3%	312,8 k €	+8.1%	289,3 k €	-6.6%	309,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,3 ETP		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 4 ended

Active mandates

Frédéric Costenoble

Director · since 02 juin 2023

Active

Virginie Daese

Director · since 02 juin 2023

Active

Ended mandates

Frédéric Costenoble

Director · since 18 mai 2004

Ended

Virginie Daese

Director · since 18 mai 2004

Ended

Frédéric Costenoble

Manager

Ended

Virginie Daese

Manager

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Abridged 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	31/03/2026	24/03/2025	21/03/2024	13/03/2023	31/03/2022	30/04/2021
General meeting	09/03/2026	10/03/2025	11/03/2024	13/03/2023	14/03/2022	08/03/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	09/03/2026	31/03/2026	French	PDF
Micro model	30/09/2024	10/03/2025	24/03/2025	French	PDF
Micro model	30/09/2023	11/03/2024	21/03/2024	French	PDF
Micro model	30/09/2022	13/03/2023	13/03/2023	French	PDF
Micro model	30/09/2021	14/03/2022	31/03/2022	French	PDF
Abridged model	30/09/2020	08/03/2021	30/04/2021	French	PDF
Micro model	30/09/2019	09/03/2020	13/05/2020	French	PDF
Micro model	30/09/2018	11/03/2019	19/07/2019	French	PDF
Micro model	30/09/2017	02/03/2018	24/05/2018	French	PDF
Abridged model	30/09/2016	13/02/2017	31/05/2017	French	PDF
Abridged model	30/09/2015	14/03/2016	27/04/2016	French	PDF
Abridged model	30/09/2014	09/03/2015	08/05/2015	French	PDF
Abridged model	30/09/2013	10/03/2014	23/04/2014	French	PDF
Abridged model	30/09/2012	11/03/2013	17/04/2013	French	PDF
Abridged model	30/09/2011	12/03/2012	03/05/2012	French	PDF
Abridged model	30/09/2010	14/03/2011	14/03/2011	French	PDF
Abridged model	30/09/2009	08/03/2010	09/03/2010	French	PDF
Abridged model	30/09/2008	09/03/2009	10/03/2009	French	PDF
Abridged model	30/09/2007	10/03/2008	22/04/2008	French	PDF
Abridged model	30/09/2006	12/03/2007	19/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 2 active · 4 ended

Active mandates

Frédéric Costenoble

Director · since 02 juin 2023

Active

Virginie Daese

Director · since 02 juin 2023

Active

Ended mandates

Frédéric Costenoble

Director · since 18 mai 2004

Ended

Virginie Daese

Director · since 18 mai 2004

Ended

Frédéric Costenoble

Manager

Ended

Virginie Daese

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office08/07/2026
SIEGE SOCIAL
PDF
Mandates06/06/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office30/03/2021
SIEGE SOCIAL
PDF
Registered office12/08/2019
SIEGE SOCIAL
PDF
Other12/10/2012
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office02/07/2010
SIEGE SOCIAL
PDF
Other01/06/2004
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 202541,5 k €↓
2024
Annual accounts 202443,9 k €↑
2023
Annual accounts 202335,1 k €↑
2022
Annual accounts 202212,8 k €↑
2021
Annual accounts 202110,2 k €↑
2020
Annual accounts 2020-8,8 k €↓
2019
Annual accounts 201925,4 k €↓
2018
Annual accounts 201835,8 k €↑
2017
Annual accounts 2017-796,7 €↑
2016
Annual accounts 2016-31,7 k €↓
2015
Annual accounts 2015-6,8 k €↑
2014
Annual accounts 2014-25,1 k €↓
2013
Annual accounts 2013-2,6 k €↑
2012
Annual accounts 2012-42,3 k €↓
2011
Annual accounts 2011-6,3 k €↓
2010
Annual accounts 2010-1,8 k €↑
2009
Annual accounts 2009-5,2 k €↓
2008
Annual accounts 200828,6 k €↑
2007
Annual accounts 20077,4 k €
18/05/2004
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

ELBONET

Overview

What does ELBONET 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