ACTIVE

Elsec

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Financial year 2024 · closed on 31/12/2024

Net result

241,1 k €

-14.0% YoY

Gross margin

241,3 k €

-14.8% YoY

Equity

4,6 M €

-7.6% YoY

What does Elsec do?

Elsec is a Private limited company incorporated in 2007. Its main activity is: Activities of holding companies. Its registered office is in Boechout.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0889.401.017

Incorporation

11/05/2007

Legal form

Private limited company

Registered office

Van der Grachtstraat 33
2531 Boechout · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2024

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	241,3 k €	-14.8%	283,3 k €	+9.6%	258,4 k €	+10.6%	233,7 k €	+55.7%	150,1 k €	-33.2%	224,8 k €	+15.8%	194,2 k €	+39.1%	139,6 k €	-22.9%	181,1 k €	+19.0%	152,2 k €	-5.4%	160,8 k €	-7.8%	174,4 k €	+5.8%	164,9 k €	-3.4%	170,7 k €	+2.4%	166,6 k €	+189%	57,6 k €	-36.8%	91,1 k €
EBITDA	239,6 k €	-14.5%	280,2 k €	+9.4%	256,2 k €	+10.5%	231,8 k €	+67.5%	138,4 k €	-36.1%	216,4 k €	+15.0%	188,2 k €	+39.5%	134,9 k €	-23.6%	176,6 k €	+19.2%	148,1 k €	-6.2%	157,8 k €	-7.7%	171 k €	+7.2%	159,6 k €	-5.1%	168,1 k €	+3.0%	163,1 k €	+198%	54,8 k €	-36.2%	85,8 k €
Operating result	223,3 k €	-15.6%	264,6 k €	+9.8%	240,9 k €	+10.6%	217,8 k €	+74.5%	124,8 k €	-33.6%	187,9 k €	+9.2%	172,1 k €	+31.1%	131,2 k €	-25.5%	176,2 k €	+19.3%	147,7 k €	-5.9%	156,9 k €	-7.9%	170,4 k €	+8.0%	157,8 k €	-2.8%	162,4 k €	+1.3%	160,4 k €	+210%	51,7 k €	-36.3%	81,1 k €
Net result	241,1 k €	-14.0%	280,4 k €	-1.0%	283,3 k €	+44.1%	196,6 k €	+37.3%	143,2 k €	-96.9%	4,6 M €	+2074%	212,3 k €	+249%	60,9 k €	-35.5%	94,4 k €	+13.4%	83,2 k €	-19.1%	102,9 k €	-11.5%	116,3 k €	+118%	-642,3 k €	-763%	96,9 k €	+28.0%	75,7 k €	+448%	13,8 k €	-64.6%	39 k €
Balance sheet
Equity	4,6 M €	-7.6%	5 M €	+3.3%	4,8 M €	+3.5%	4,7 M €	+2.3%	4,6 M €	+2.0%	4,5 M €	+822%	484,1 k €	+49.0%	324,8 k €	+6.9%	303,9 k €	+21.8%	249,5 k €	+25.8%	198,3 k €	+155%	-359,6 k €	+24.4%	-475,8 k €	-386%	166,5 k €	+42.8%	116,6 k €	+91.6%	60,9 k €	+46.5%	41,5 k €
Total assets	5,1 M €	-6.6%	5,4 M €	+0.5%	5,4 M €	+1.5%	5,3 M €	+1.2%	5,2 M €	+0.2%	5,2 M €	+335%	1,2 M €	+1.6%	1,2 M €	+5.0%	1,1 M €	+3.6%	1,1 M €	+0.9%	1,1 M €	+92.1%	561,5 k €	+2288%	23,5 k €	-97.0%	771,9 k €	+2.4%	753,8 k €	+1.5%	742,3 k €	+74.4%	425,7 k €
Cash	278,4 k €	+57.8%	176,5 k €	+5.9%	166,7 k €	+35.3%	123,2 k €	-39.9%	204,9 k €	-15.4%	242 k €	+192%	82,9 k €	-3.1%	85,6 k €	+39.1%	61,6 k €	+310%	15 k €	-71.9%	53,4 k €	+32.5%	40,3 k €	+91.1%	21,1 k €	+4632%	446,2 €	-97.2%	15,7 k €	+309%	3,9 k €	+74.0%	2,2 k €
Debts	447,5 k €	+4.3%	428,9 k €	-23.7%	562,3 k €	-13.3%	648,4 k €	-6.5%	693,3 k €	-10.1%	771,1 k €	+7.5%	717,3 k €	-5.4%	758,2 k €	+1.0%	750,4 k €	-4.5%	785,4 k €	-7.3%	847,2 k €	-6.7%	907,7 k €	+81.8%	499,3 k €	-17.2%	602,9 k €	-5.4%	637,2 k €	-6.5%	681,5 k €	+80.7%	377,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 1 ended

Active mandates

Eric Maertens

Director

Active

Ended mandates

Eric Maertens

Manager

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2025	31/08/2024	31/08/2023	30/08/2022	31/08/2021	30/10/2020
General meeting	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021	28/08/2020
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	20/06/2025	31/08/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	31/08/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	17/06/2022	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	18/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	28/08/2020	30/10/2020	Dutch	PDF
Abridged model	31/12/2018	17/06/2019	28/08/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	21/08/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	25/08/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	04/08/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	26/08/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	09/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	19/07/2010	Dutch	PDF
Abridged model	31/12/2008	20/06/2009	11/08/2009	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 1 ended

Active mandates

Eric Maertens

Director

Active

Ended mandates

Eric Maertens

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/04/2009
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Other23/05/2007
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

2024
Annual accounts 2024241,1 k €↓
2023
Annual accounts 2023280,4 k €↓
2022
Annual accounts 2022283,3 k €↑
2021
Annual accounts 2021196,6 k €↑
2020
Annual accounts 2020143,2 k €↓
2019
Annual accounts 20194,6 M €↑
2018
Annual accounts 2018212,3 k €↑
2017
Annual accounts 201760,9 k €↓
2016
Annual accounts 201694,4 k €↑
2015
Annual accounts 201583,2 k €↓
2014
Annual accounts 2014102,9 k €↓
2013
Annual accounts 2013116,3 k €↑
2012
Annual accounts 2012-642,3 k €↓
2011
Annual accounts 201196,9 k €↑
2010
Annual accounts 201075,7 k €↑
2009
Annual accounts 200913,8 k €↓
2008
Annual accounts 200839 k €
11/05/2007
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

Elsec

Overview

What does Elsec do?

Trend over 17 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