ACTIVE

ELTHA

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Financial year 2025 · closed on 30/06/2025

Net result

3,4 k €

-63.8% YoY

Gross margin

9 k €

-73.2% YoY

Equity

70,4 k €

+5.1% YoY

What does ELTHA do?

ELTHA is a Private limited company incorporated in 2006. Its main activity is: Electrical installation. Its registered office is in Incourt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0881.695.752

Incorporation

06/06/2006

Legal form

Private limited company

Registered office

Rue Ecole des Filles 6 box A
1315 Incourt · WallonieSee on map

Contributed capital

11 200,00 €

Latest accounts

30/06/2025

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 45310Wholesale trade of motor vehicle parts and accessories 43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.45250Maintenance and repair of motor vehicles

Joint committees (2)

149
14901

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	9 k €	-73.2%	33,7 k €	+65.4%	20,4 k €	+0.9%	20,2 k €	-53.3%	43,2 k €	+39.1%	31,1 k €	+14.5%	27,1 k €	+44.6%	18,8 k €	-30.6%	27,1 k €	+4.1%	26 k €	-13.2%	29,9 k €	+47.1%	20,4 k €	-36.1%	31,9 k €	+35.7%	23,5 k €	-9.7%	26 k €	+114%	12,1 k €	-65.2%	34,9 k €	+552%	-7,7 k €	-172%	10,7 k €
EBITDA	9 k €	-56.3%	20,7 k €	+46.9%	14,1 k €	-8.1%	15,3 k €	-59.0%	37,3 k €	+48.4%	25,1 k €	+77.8%	14,1 k €	+24.9%	11,3 k €	-4.4%	11,8 k €	+75.9%	6,7 k €	+14.4%	5,9 k €	-5.3%	6,2 k €	-46.8%	11,7 k €	+126%	5,2 k €	-39.4%	8,5 k €	+142%	3,5 k €	-88.3%	30,2 k €	+390%	-10,4 k €	-206%	9,8 k €
Operating result	5,7 k €	-59.4%	14 k €	+402%	2,8 k €	-15.6%	3,3 k €	-85.0%	22,1 k €	+66.4%	13,3 k €	+252%	3,8 k €	+51.9%	2,5 k €	-74.9%	9,9 k €	+704%	-1,6 k €	-128%	-718,4 €	-126%	2,8 k €	-27.7%	3,8 k €	+96.3%	2 k €	-57.6%	4,6 k €	+260%	-2,9 k €	-112%	25,1 k €	+275%	-14,4 k €	-251%	9,5 k €
Net result	3,4 k €	-63.8%	9,5 k €	+2173%	419,5 €	-60.7%	1,1 k €	-93.1%	15,5 k €	+51.4%	10,2 k €	+828%	1,1 k €	+2269%	46,6 €	-99.3%	6,4 k €	+469%	-1,7 k €	+24.1%	-2,3 k €	-656%	413,7 €	-82.4%	2,3 k €	+769%	270,3 €	-85.6%	1,9 k €	+141%	-4,6 k €	-121%	22,2 k €	+249%	-14,9 k €	-289%	7,9 k €
Balance sheet
Equity	70,4 k €	+5.1%	67 k €	+16.6%	57,5 k €	+0.7%	57 k €	+1.9%	56 k €	+38.3%	40,5 k €	+33.9%	30,2 k €	+3.8%	29,1 k €	+0.2%	29,1 k €	+28.4%	22,7 k €	-7.1%	24,4 k €	-8.6%	26,7 k €	+1.6%	26,3 k €	+9.8%	23,9 k €	+1.1%	23,7 k €	+8.6%	21,8 k €	-17.4%	26,4 k €	+3444%	-789 €	-106%	14,1 k €
Total assets	133 k €	-10.2%	148,1 k €	+5.6%	140,3 k €	+31.4%	106,8 k €	-16.8%	128,5 k €	+2.8%	125 k €	+73.0%	72,2 k €	-17.0%	87 k €	-5.9%	92,4 k €	+63.4%	56,5 k €	-14.9%	66,4 k €	-3.3%	68,7 k €	-4.9%	72,2 k €	+26.6%	57 k €	+21.4%	47 k €	-3.2%	48,5 k €	-19.6%	60,3 k €	+37.4%	43,9 k €	-2.5%	45,1 k €
Cash	100,3 k €	-19.6%	124,7 k €	+55.5%	80,2 k €	+11.0%	72,3 k €	-20.2%	90,5 k €	+624%	12,5 k €	+3027%	400,1 €	-94.8%	7,7 k €	-33.7%	11,6 k €	+39.9%	8,3 k €	+377%	1,7 k €	-89.0%	15,7 k €	+29.8%	12,1 k €	+120%	5,5 k €	-21.3%	7 k €	+72.6%	4,1 k €	-72.3%	14,6 k €	+298%	3,7 k €	+48.3%	2,5 k €
Debts	61,9 k €	-23.1%	80,5 k €	-1.2%	81,5 k €	+66.2%	49 k €	-31.1%	71,1 k €	-15.1%	83,7 k €	+103%	41,2 k €	-26.1%	55,8 k €	+8.7%	51,3 k €	+51.4%	33,9 k €	-19.4%	42 k €	+0.0%	42 k €	-8.5%	45,9 k €	+72.4%	26,6 k €	+17.7%	22,6 k €	-15.4%	26,7 k €	-21.2%	34 k €	-24.0%	44,7 k €	+44.4%	31 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		1,0 ETP	-50.0%	2,0 ETP	+33.3%	1,5 ETP		–		2,1 ETP	+16.7%	1,8 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 7 ended

Active mandates

Hugues decroupette

Mandate

Active

Sebastien Frei

Mandate

Active

Ended mandates

hugues decroupette

Administrator - manager

Ended

Hugues Decroupette

Manager

Ended

sebastien frei

Administrator - manager

Ended

veronique wallaert

Mandate

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/02/2026	07/02/2025	29/02/2024	07/02/2023	02/02/2022	10/05/2021
General meeting	15/12/2025	15/12/2024	15/12/2023	08/12/2022	09/12/2021	10/12/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	15/12/2025	12/02/2026	French	PDF
Micro model	30/06/2024	15/12/2024	07/02/2025	French	PDF
Micro model	30/06/2023	15/12/2023	29/02/2024	French	PDF
Micro model	30/06/2022	08/12/2022	07/02/2023	French	PDF
Micro model	30/06/2021	09/12/2021	02/02/2022	French	PDF
Micro model	30/06/2020	10/12/2020	10/05/2021	French	PDF
Micro model	30/06/2019	09/12/2019	26/05/2020	French	PDF
Micro model	30/06/2018	08/12/2018	25/04/2019	French	PDF
Micro model	30/06/2017	14/12/2017	19/03/2018	French	PDF
Abridged model	30/06/2016	08/12/2016	25/01/2017	French	PDF
Abridged model	30/06/2015	08/12/2015	12/02/2016	French	PDF
Abridged model	30/06/2014	08/12/2014	26/02/2015	French	PDF
Abridged model	30/06/2013	09/12/2013	27/02/2014	French	PDF
Abridged model	30/06/2012	08/12/2012	27/02/2013	French	PDF
Abridged model	30/06/2011	08/12/2011	28/02/2012	French	PDF
Abridged model	30/06/2010	09/12/2010	31/12/2010	French	PDF
Abridged model	30/06/2009	10/12/2009	22/02/2010	French	PDF
Abridged model	30/06/2008	11/12/2008	25/02/2009	French	PDF
Abridged model	30/06/2007	13/12/2007	29/02/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 30/06/2025 · 2 active · 7 ended

Active mandates

Hugues decroupette

Mandate

Active

Sebastien Frei

Mandate

Active

Ended mandates

hugues decroupette

Administrator - manager

Ended

Hugues Decroupette

Manager

Ended

sebastien frei

Administrator - manager

Ended

veronique wallaert

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/12/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates14/11/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates15/07/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates21/09/2006
DEMISSIONS, NOMINATIONS
PDF
Other08/06/2006
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 20253,4 k €↓
2024
Annual accounts 20249,5 k €↑
2023
Annual accounts 2023419,5 €↓
2022
Annual accounts 20221,1 k €↓
2021
Annual accounts 202115,5 k €↑
2020
Annual accounts 202010,2 k €↑
2019
Annual accounts 20191,1 k €↑
2018
Annual accounts 201846,6 €↓
2017
Annual accounts 20176,4 k €↑
2016
Annual accounts 2016-1,7 k €↑
2015
Annual accounts 2015-2,3 k €↓
2014
Annual accounts 2014413,7 €↓
2013
Annual accounts 20132,3 k €↑
2012
Annual accounts 2012270,3 €↓
2011
Annual accounts 20111,9 k €↑
2010
Annual accounts 2010-4,6 k €↓
2009
Annual accounts 200922,2 k €↑
2008
Annual accounts 2008-14,9 k €↓
2007
Annual accounts 20077,9 k €
06/06/2006
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

ELTHA

Overview

What does ELTHA do?

Trend over 19 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