ACTIVE

ELASTOFLEX PROJECTS

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Financial year 2025 · Closed on 31/12/2025

Net result165,8 k €+35,1 %over 1 year

Gross margin751,6 k €-10,8 %over 1 year

Equity791,9 k €+26,5 %over 1 year

Workforce7,3 ETP-29,1 %over 1 year

Identity

Source · BCE/KBO

ELASTOFLEX PROJECTS is a Private limited company incorporated in 2005. Its main activity is: Electrical, plumbing and other construction installation activities. Its registered office is in Hasselt. It employs on average 7,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0876.816.850
Incorporation: 20/10/2005
Legal form: Private limited company
Registered office: Kuringersteenweg 527
3511 Hasselt · FlandreSee on map
Contributed capital: 6 200,00 €
Latest accounts: 31/12/2025
Average workforce: 7,3 ETP

Activities (NACE)

43230Electrical, plumbing and other construction installation activities· main 43291Other construction installation 43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.45250Maintenance and repair of motor vehicles 45320Retail trade of motor vehicle parts and accessories+6

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	751,6 k €	-10.8%	842,5 k €	-4.9%	885,7 k €	+3.8%	853,2 k €	+2.5%	832,7 k €
EBITDA	229,3 k €	+19.6%	191,8 k €	+20.8%	158,8 k €	+52.1%	104,4 k €	+32.8%	78,6 k €
Operating result	219,8 k €	+20.9%	181,7 k €	+20.3%	151,1 k €	+54.1%	98 k €	+33.6%	73,4 k €
Net result	165,8 k €	+35.1%	122,7 k €	+24.9%	98,2 k €	+45.2%	67,7 k €	+50.6%	44,9 k €
Balance sheet
Equity	791,9 k €	+26.5%	626,2 k €	+24.4%	503,5 k €	+24.2%	405,2 k €	+20.0%	337,6 k €
Total assets	1,1 M €	+10.0%	960,1 k €	+2.0%	941,2 k €	+16.7%	806,8 k €	+18.7%	679,4 k €
Cash	72,8 k €	+87.7%	38,8 k €	-74.8%	153,9 k €	+82.9%	84,2 k €	-49.7%	167,2 k €
Debts	264,2 k €	-20.9%	333,9 k €	-23.7%	437,7 k €	+9.0%	401,5 k €	+17.5%	341,8 k €
Other
Workforce	7,3 ETP	-29.1%	10,3 ETP	-12.0%	11,7 ETP	-13.3%	13,5 ETP	+3.8%	13,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jules0794.555.605Represented by Julie Nulens	DirectorBestuurderlisted until the 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marc Nulens	Director12/10/2005 → 2020 accountsManager12/10/2005 → 2019 accountsBestuurder2021 accounts

Full financial information

Source · NBB

	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	02/07/2026	30/06/2025	12/07/2024	22/06/2023	27/06/2022	22/06/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	20/06/2023	21/06/2022	15/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	02/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	12/07/2024	Dutch	PDF
Abridged model	31/12/2022	20/06/2023	22/06/2023	Dutch	PDF
Abridged model	31/12/2021	21/06/2022	27/06/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	22/06/2021	Dutch	PDF
Abridged model	31/12/2019	16/06/2020	13/07/2020	Dutch	PDF
Abridged model	31/12/2018	18/06/2019	19/06/2019	Dutch	PDF
Abridged model	31/12/2017	19/06/2018	20/06/2018	Dutch	PDF
Abridged model	31/12/2016	20/06/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	21/06/2016	27/07/2016	Dutch	PDF
Abridged model	31/12/2014	16/06/2015	08/07/2015	Dutch	PDF
Abridged model	31/12/2013	17/06/2014	20/06/2014	Dutch	PDF
Abridged model	31/12/2012	18/06/2013	26/06/2013	Dutch	PDF
Abridged model	31/12/2011	19/06/2012	25/06/2012	Dutch	PDF
Abridged model	31/12/2010	21/06/2011	29/06/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	16/06/2010	Dutch	PDF
Abridged model	31/12/2008	16/06/2009	17/06/2009	Dutch	PDF
Abridged model	31/12/2007	17/06/2008	18/06/2008	Dutch	PDF
Abridged model	31/12/2006	19/06/2007	20/06/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jules0794.555.605Represented by Julie Nulens	DirectorBestuurderlisted until the 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marc Nulens	Director12/10/2005 → 2020 accountsManager12/10/2005 → 2019 accountsBestuurder2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates28/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other31/10/2005
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Jules

Marc Nulens

2005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

ELASTOFLEX PROJECTS

Kuringersteenweg 527, 3511 Kuringen

Director

DirectorManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Kuringersteenweg 527, 3511 KuringenCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00242123

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ELASTOFLEX PROJECTSCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00242123

Events

2025
Annual accounts 2025165,8 k €↑
2024
Annual accounts 2024122,7 k €↑
2023
Annual accounts 202398,2 k €↑
2022
Annual accounts 202267,7 k €↑
2021
Annual accounts 202144,9 k €↓
2020
Annual accounts 202070,2 k €↑
2019
Annual accounts 2019-36,3 k €↓
2018
Annual accounts 2018-10,4 k €↑
2017
Annual accounts 2017-66,5 k €↓
2016
Annual accounts 2016172,6 k €↑
2015
Annual accounts 20151,2 k €↑
2014
Annual accounts 2014-23,8 k €↓
2013
Annual accounts 2013101,8 k €↑
2012
Annual accounts 201252,2 k €↑
2011
Annual accounts 20115,8 k €↑
2010
Annual accounts 2010-38 k €↓
2009
Annual accounts 200910,8 k €↓
2008
Annual accounts 200826,8 k €↑
2007
Annual accounts 200711,2 k €↑
2006
Annual accounts 20068,9 k €
20/10/2005
IncorporationPrivate limited company

ELASTOFLEX PROJECTS

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events