ACTIVE

Ets Vander Elst

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Financial year 2025 · closed on 31/12/2025

Net result

216,9 k €

+35.0% YoY

Gross margin

1,4 M €

+4.9% YoY

Equity

958,4 k €

+27.6% YoY

Workforce

17,0 ETP

0.0% YoY

What does Ets Vander Elst do?

Ets Vander Elst is a Private limited company incorporated in 2008. Its registered office is in Soignies. It employs on average 17,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0898.367.874

Incorporation

02/06/2008

Legal form

Private limited company

Registered office

Rue de la Houlette 5
7063 Soignies · WallonieSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Average workforce

17,0 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	1,4 M €	+4.9%	1,3 M €	+21.3%	1,1 M €	+29.3%	824,1 k €	+8.3%	761 k €	+26.1%	603,3 k €	+20.1%	502,5 k €	+10.5%	454,7 k €	-19.8%	566,9 k €	+0.6%	563,4 k €	+3.4%	544,9 k €	-6.3%	581,4 k €	+15.9%	501,5 k €	-1.4%	508,5 k €	+7.4%	473,6 k €	+34.6%	351,9 k €	-24.4%	465,4 k €
EBITDA	392,5 k €	+24.0%	316,6 k €	+50.7%	210,1 k €	+36.4%	154 k €	+22.8%	125,4 k €	-15.3%	148 k €	+101%	73,6 k €	+40.8%	52,3 k €	+9.0%	48 k €	-63.3%	130,6 k €	+12.4%	116,2 k €	+12.6%	103,1 k €	+56.6%	65,9 k €	+27.2%	51,8 k €	+22.6%	42,2 k €	-15.6%	50,1 k €	+23.8%	40,4 k €
Operating result	308,3 k €	+32.6%	232,6 k €	+64.1%	141,7 k €	+39.1%	101,9 k €	+24.0%	82,2 k €	-17.7%	99,9 k €	+263%	27,5 k €	+348%	6,1 k €	-66.3%	18,2 k €	-81.6%	99,1 k €	+6.0%	93,5 k €	+11.0%	84,2 k €	+84.2%	45,7 k €	+69.3%	27 k €	+47.6%	18,3 k €	-43.9%	32,6 k €	+57.8%	20,7 k €
Net result	216,9 k €	+35.0%	160,7 k €	+59.8%	100,6 k €	+35.3%	74,4 k €	+24.6%	59,7 k €	-17.1%	72 k €	+336%	16,5 k €	+3573%	449,6 €	-95.0%	9 k €	-86.6%	67,3 k €	+5.3%	63,9 k €	+10.2%	58 k €	+87.4%	31 k €	+46.4%	21,1 k €	+116%	9,8 k €	-50.7%	19,9 k €	+63.6%	12,2 k €
Balance sheet
Equity	958,4 k €	+27.6%	751 k €	+25.2%	599,8 k €	+17.4%	510,7 k €	+14.6%	445,8 k €	+12.7%	395,6 k €	+18.8%	333,1 k €	+5.1%	317,1 k €	-0.0%	317,1 k €	+2.8%	308,6 k €	+27.6%	241,8 k €	+34.9%	179,3 k €	+45.7%	123,1 k €	+31.0%	93,9 k €	+51.9%	61,8 k €	+18.8%	52 k €	+61.9%	32,2 k €
Total assets	1,2 M €	+16.3%	1 M €	+6.8%	967,5 k €	-3.3%	1 M €	+37.2%	729 k €	+17.8%	618,7 k €	+27.8%	484,3 k €	-10.1%	538,9 k €	-6.1%	574,1 k €	-9.5%	634,2 k €	+26.8%	500,3 k €	+0.3%	498,7 k €	+37.3%	363,3 k €	+0.1%	363 k €	+12.0%	324,2 k €	+40.5%	230,8 k €	+30.3%	177,1 k €
Cash	794,9 k €	+30.0%	611,3 k €	+22.4%	499,6 k €	-15.2%	588,9 k €	+39.0%	423,6 k €	+21.8%	347,8 k €	+37.6%	252,7 k €	-5.0%	266,1 k €	-17.1%	321 k €	-17.6%	389,7 k €	+18.6%	328,4 k €	-4.5%	343,9 k €	+95.2%	176,1 k €	+19.2%	147,8 k €	+21.0%	122,2 k €	+138%	51,3 k €	+44.3%	35,5 k €
Debts	236,1 k €	-16.3%	282,2 k €	-17.9%	343,6 k €	+21.9%	281,9 k €	+17.5%	239,8 k €	+7.5%	223,1 k €	+47.6%	151,1 k €	-28.8%	212,2 k €	+0.1%	212,1 k €	-26.3%	287,9 k €	+27.9%	225 k €	+38.3%	162,7 k €	+3.3%	157,5 k €	-21.6%	200,8 k €	-8.4%	219,2 k €	+29.5%	169,3 k €	+16.9%	144,8 k €
Other
Workforce	17,0 ETP	0.0%	17,0 ETP	+2.4%	16,6 ETP	+16.1%	14,3 ETP	+2.1%	14,0 ETP	+29.6%	10,8 ETP	+17.4%	9,2 ETP	-2.1%	9,4 ETP	-15.3%	11,1 ETP	+6.7%	10,4 ETP	+2.0%	10,2 ETP	-4.7%	10,7 ETP	+0.9%	10,6 ETP	-10.2%	11,8 ETP	+12.4%	10,5 ETP	+16.7%	9,0 ETP	+7.1%	8,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 1 ended

Active mandates

Jean-Marie Vander Elst

Manager · since 02 juin 2008

Active

Simon Vander Elst

Mandate

Active

Ended mandates

Simon Vander Elst

Manager

Ended

Annual accounts

Full financial information

	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	31/08/2026	30/08/2025	24/07/2024	31/07/2023	05/08/2022	30/07/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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

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	31/12/2025	05/06/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	06/06/2025	30/08/2025	French	PDF
Abridged model	31/12/2023	07/06/2024	24/07/2024	French	PDF
Abridged model	31/12/2022	02/06/2023	31/07/2023	French	PDF
Abridged model	31/12/2021	03/06/2022	05/08/2022	French	PDF
Abridged model	31/12/2020	04/06/2021	30/07/2021	French	PDF
Abridged model	31/12/2019	05/06/2020	31/08/2020	French	PDF
Abridged model	31/12/2018	07/06/2019	30/07/2019	French	PDF
Abridged model	31/12/2017	01/06/2018	16/08/2018	French	PDF
Abridged model	31/12/2016	02/06/2017	27/07/2017	French	PDF
Abridged model	31/12/2015	03/06/2016	11/08/2016	French	PDF
Abridged model	31/12/2014	05/06/2015	30/08/2015	French	PDF
Abridged model	31/12/2013	06/06/2014	31/07/2014	French	PDF
Abridged model	31/12/2012	07/06/2013	18/06/2013	French	PDF
Abridged model	31/12/2011	01/06/2012	14/08/2012	French	PDF
Abridged model	31/12/2010	03/06/2011	04/08/2011	French	PDF
Abridged model	31/12/2009	04/06/2010	20/08/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2025 · 2 active · 1 ended

Active mandates

Jean-Marie Vander Elst

Manager · since 02 juin 2008

Active

Simon Vander Elst

Mandate

Active

Ended mandates

Simon Vander Elst

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Other16/06/2008
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 2025216,9 k €↑
2024
Annual accounts 2024160,7 k €↑
2023
Annual accounts 2023100,6 k €↑
2022
Annual accounts 202274,4 k €↑
2021
Annual accounts 202159,7 k €↓
2020
Annual accounts 202072 k €↑
2019
Annual accounts 201916,5 k €↑
2018
Annual accounts 2018449,6 €↓
2017
Annual accounts 20179 k €↓
2016
Annual accounts 201667,3 k €↑
2015
Annual accounts 201563,9 k €↑
2014
Annual accounts 201458 k €↑
2013
Annual accounts 201331 k €↑
2012
Annual accounts 201221,1 k €↑
2011
Annual accounts 20119,8 k €↓
2010
Annual accounts 201019,9 k €↑
2009
Annual accounts 200912,2 k €
02/06/2008
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

Ets Vander Elst

Overview

What does Ets Vander Elst 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