NORMAL SITUATION

ELF 11

Financial year 2025 · closed on 17/12/2025
Net result
-220,2 k €
+27.0% YoY
Revenue
420 k €
+20.5% YoY
Equity
-459,8 k €
-91.9% YoY
Workforce
1,6 ETP
+166.7% YoY

Company — Normal situation.

What does ELF 11 do?

ELF 11 is a company registered in Belgium. It employs on average 1,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 1000.705.448
Legal form
Public limited company
Contributed capital
62 000,00 €
Latest accounts
17/12/2025
Average workforce
1,6 ETP
Joint committees (1)
  • 200
Signals
Healthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 2 financial years

20252024
Income statement
Revenue420 k €348,5 k €
EBITDA-197,6 k €-288,3 k €
Operating result-199,1 k €-292,1 k €
Net result-220,2 k €-301,6 k €
Balance sheet
Equity-459,8 k €-239,6 k €
Total assets17,8 k €173,8 k €
Cash16,6 k €6,4 k €
Debts477,7 k €413,4 k €
Other
Workforce1,6 ETP0,6 ETP
Governance

Board of directors

Seen on filing of 17/12/2025 · 3 active · 3 ended

Active mandates

Bonanza Group

Director · since 03 octobre 2023 · until 17 décembre 2025 · 0891.958.847

Represented by Liesbet Sterkendries

Active
De Cronos Groep

Director · since 03 octobre 2023 · until 17 décembre 2025 · 0467.132.994

Represented by Dirk Deroost

Active
Josephus de Wit

Director · since 03 octobre 2023 · until 17 décembre 2025

Active

Ended mandates

Bonanza Group

Director · since 03 octobre 2023 · until 17 mai 2029 · 0891.958.847

Represented by Liesbet Sterkendries

Ended
De Cronos Groep

Director · since 03 octobre 2023 · until 17 mai 2029 · 0467.132.994

Represented by Dirk Deroost

Ended
Josephus de Wit

Director · since 03 octobre 2023 · until 17 mai 2029

Ended
Annual accounts

Full financial information

20252024
Type of accountAbridged modelAbridged model
Start of the financial year01/01/202503/10/2023
Closing of the financial year17/12/202531/12/2024
Length of the financial year12 months15 months
Filing date05/01/202608/07/2025
General meeting17/12/202515/05/2025
Currency of the financial yearEUREUR
NBB quality labelSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

2 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model17/12/202517/12/202505/01/2026DutchPDF
Abridged model31/12/202415/05/202508/07/2025DutchPDF
Estimate

Indicative valuation

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 17/12/2025 · 3 active · 3 ended

Active mandates

Bonanza Group

Director · since 03 octobre 2023 · until 17 décembre 2025 · 0891.958.847

Represented by Liesbet Sterkendries

Active
De Cronos Groep

Director · since 03 octobre 2023 · until 17 décembre 2025 · 0467.132.994

Represented by Dirk Deroost

Active
Josephus de Wit

Director · since 03 octobre 2023 · until 17 décembre 2025

Active

Ended mandates

Bonanza Group

Director · since 03 octobre 2023 · until 17 mai 2029 · 0891.958.847

Represented by Liesbet Sterkendries

Ended
De Cronos Groep

Director · since 03 octobre 2023 · until 17 mai 2029 · 0467.132.994

Represented by Dirk Deroost

Ended
Josephus de Wit

Director · since 03 octobre 2023 · until 17 mai 2029

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Dissolution26/01/2026
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2025
    Annual accounts 2025-220,2 k €
  2. 2024
    Annual accounts 2024-301,6 k €