ACTIVE

DRIVE-ELEC

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Financial year 2023 · closed on 30/09/2023

Net result

48,3 k €

+1389.9% YoY

Gross margin

107,3 k €

+114.9% YoY

Equity

146,8 k €

+49.1% YoY

What does DRIVE-ELEC do?

DRIVE-ELEC is a Private limited company incorporated in 2006. Its main activity is: Manufacture of electric motors, generators and transformers. Its registered office is in Oosterzele.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0879.355.676

Incorporation

08/02/2006

Legal form

Private limited company

Registered office

Lange Ambachtstraat 5
9860 Oosterzele · FlandreSee on map

Contributed capital

85 000,00 €

Latest accounts

30/09/2023

Activities (NACE)

27110Manufacture of electric motors, generators and transformers· main 27110Manufacture of electric motors, generators and transformers 27900Manufacture of other electrical equipment 27900Manufacture of other electrical equipment

Joint committees (1)

14901

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	107,3 k €	+115%	50 k €	+8.7%	46 k €	-4.1%	48 k €	-2.1%	49 k €	-27.6%	67,7 k €	-11.7%	76,6 k €	+95.1%	39,3 k €	-11.9%	44,6 k €	+18.8%	37,5 k €	-47.9%	72,1 k €	-14.0%	83,8 k €	-21.1%	106,1 k €	-8.4%	115,8 k €	+1.7%	113,9 k €	-3.9%	118,5 k €
EBITDA	100,7 k €	+153%	39,7 k €	+3.7%	38,3 k €	-7.6%	41,5 k €	-6.4%	44,3 k €	-26.0%	59,9 k €	-14.3%	69,9 k €	+102%	34,5 k €	-5.4%	36,5 k €	+27.6%	28,6 k €	-50.3%	57,6 k €	+35.4%	42,6 k €	+40.3%	30,3 k €	-10.5%	33,9 k €	-3.0%	34,9 k €	+4.0%	33,6 k €
Operating result	74,7 k €	+616%	10,4 k €	+39.4%	7,5 k €	+0.2%	7,5 k €	-22.4%	9,6 k €	-48.5%	18,7 k €	+12.2%	16,7 k €	+33.9%	12,4 k €	+57.5%	7,9 k €	+97.0%	4 k €	-74.4%	15,7 k €	+20.6%	13 k €	+169%	4,8 k €	-44.6%	8,7 k €	-3.2%	9 k €	+2.8%	8,8 k €
Net result	48,3 k €	+1390%	3,2 k €	+360%	705,9 €	+109%	337,7 €	+51.1%	223,4 €	-97.1%	7,8 k €	+59.7%	4,9 k €	+833%	524,4 €	-16.4%	627,2 €	+151%	250,3 €	-96.0%	6,3 k €	+19.0%	5,3 k €	+3724%	138,9 €	+147%	-293,6 €	-277%	165,5 €	+1173%	13 €
Balance sheet
Equity	146,8 k €	+49.1%	98,5 k €	+3.4%	95,2 k €	+0.7%	94,5 k €	+0.4%	94,2 k €	+0.2%	94 k €	+2.0%	92,1 k €	+5.6%	87,2 k €	+0.6%	86,7 k €	+0.7%	86,1 k €	+0.3%	85,8 k €	+0.4%	85,5 k €	+0.4%	85,2 k €	+0.2%	85,1 k €	-0.3%	85,4 k €	+0.2%	85,2 k €
Total assets	390,6 k €	+9.6%	356,4 k €	-1.2%	360,9 k €	+4.1%	346,7 k €	-3.7%	359,8 k €	+0.6%	357,7 k €	-4.3%	373,7 k €	+77.5%	210,5 k €	-4.5%	220,4 k €	-10.0%	244,9 k €	-3.7%	254,3 k €	+5.3%	241,5 k €	+9.8%	219,9 k €	-9.1%	241,9 k €	+2.8%	235,4 k €	-10.8%	264 k €
Cash	115,5 k €	+21.1%	95,4 k €	+135%	40,7 k €	+162%	15,5 k €	-42.3%	27 k €	+329%	6,3 k €	-67.1%	19,1 k €	+287%	4,9 k €	-79.4%	24 k €	-36.7%	38 k €	+14.0%	33,3 k €	+97.9%	16,8 k €	-19.8%	21 k €	-42.1%	36,3 k €	+2187%	1,6 k €	-47.9%	3 k €
Debts	243,7 k €	-5.5%	257,9 k €	-2.2%	263,7 k €	+5.4%	250,2 k €	-5.1%	263,6 k €	+1.3%	260,4 k €	-4.7%	273,1 k €	+139%	114,4 k €	-6.5%	122,3 k €	-20.9%	154,6 k €	-4.8%	162,5 k €	+8.8%	149,3 k €	+19.3%	125,2 k €	-18.1%	152,8 k €	+4.5%	146,2 k €	-16.4%	174,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		0,8 ETP	-60.0%	2,0 ETP	+11.1%	1,8 ETP	0.0%	1,8 ETP	-10.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2023 · 2 active · 2 ended

Active mandates

HERMINE DE CORTE

Director

Active

JOCHEN GOESSENS

Director

Active

Ended mandates

HERMINE DE CORTE

Manager

Ended

Jochen Goessens

Manager

Ended

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2022	01/10/2021	01/10/2020	01/10/2019	01/10/2018	01/10/2017
Closing of the financial year	30/09/2023	30/09/2022	30/09/2021	30/09/2020	30/09/2019	30/09/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/05/2024	30/05/2023	23/05/2022	30/06/2021	29/05/2020	14/02/2020
General meeting	15/05/2024	18/03/2023	19/03/2022	22/06/2021	21/03/2020	16/03/2019
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2023	15/05/2024	23/05/2024	Dutch	PDF
Micro model	30/09/2022	18/03/2023	30/05/2023	Dutch	PDF
Micro model	30/09/2021	19/03/2022	23/05/2022	Dutch	PDF
Micro model	30/09/2020	22/06/2021	30/06/2021	Dutch	PDF
Micro model	30/09/2019	21/03/2020	29/05/2020	Dutch	PDF
Micro model	30/09/2018	16/03/2019	14/02/2020	Dutch	PDF
Micro model	30/09/2017	17/03/2018	31/05/2018	Dutch	PDF
Abridged model	30/09/2016	18/03/2017	02/05/2017	Dutch	PDF
Abridged model	30/09/2015	19/03/2016	19/04/2016	Dutch	PDF
Abridged model	30/09/2014	21/03/2015	31/03/2015	Dutch	PDF
Abridged model	30/09/2013	15/04/2014	24/04/2014	Dutch	PDF
Abridged model	30/09/2012	30/04/2013	14/05/2013	Dutch	PDF
Abridged model	30/09/2011	30/04/2012	23/05/2012	Dutch	PDF
Abridged model	30/09/2010	29/04/2011	31/05/2011	Dutch	PDF
Abridged model	30/09/2009	30/04/2010	31/05/2010	Dutch	PDF
Abridged model	30/09/2008	10/06/2009	30/06/2009	Dutch	PDF
Abridged model	30/09/2007	02/05/2008	30/05/2008	Dutch	PDF
Abridged model	30/09/2006	25/05/2007	22/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 30/09/2023 · 2 active · 2 ended

Active mandates

HERMINE DE CORTE

Director

Active

JOCHEN GOESSENS

Director

Active

Ended mandates

HERMINE DE CORTE

Manager

Ended

Jochen Goessens

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Other24/02/2006
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

2023
Annual accounts 202348,3 k €↑
2022
Annual accounts 20223,2 k €↑
2021
Annual accounts 2021705,9 €↑
2020
Annual accounts 2020337,7 €↑
2019
Annual accounts 2019223,4 €↓
2018
Annual accounts 20187,8 k €↑
2017
Annual accounts 20174,9 k €↑
2016
Annual accounts 2016524,4 €↓
2015
Annual accounts 2015627,2 €↑
2014
Annual accounts 2014250,3 €↓
2013
Annual accounts 20136,3 k €↑
2012
Annual accounts 20125,3 k €↑
2011
Annual accounts 2011138,9 €↑
2010
Annual accounts 2010-293,6 €↓
2009
Annual accounts 2009165,5 €↑
2008
Annual accounts 200813 €
08/02/2006
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

DRIVE-ELEC

Overview

What does DRIVE-ELEC do?

Trend over 16 financial years

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