ELCONSTRUCT
Annual accounts 2025
micro format, filed on 31-10-2025, on the day of the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Amounts without an identifiable currency are taken as euros.
Balance sheet
balance sheet total €2.0m on 31-03-2025in euro
in €m
Position in the sector
6.5%
Higher than 13% of 10,277 companies in 2025.
36.4%
Higher than 83% of 10,128 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 | 20159 months |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
2.0m | 1.5m | 1.2m | 803,263 | 594,750 | 525,616 | 495,381 | 431,261 | 484,240 | 236,027 | |
21/28 |
89,995 | 104,800 | 121,480 | 47,290 | 66,202 | 72,959 | 59,112 | 47,395 | 63,447 | 359 | |
22/27 |
64,995 | 79,800 | 96,480 | 22,290 | 41,202 | 47,959 | 59,112 | 47,395 | 63,447 | 359 | |
22 |
15,903 | 14,565 | 16,636 | 19,727 | 36,185 | 41,185 | 34,373 | - | - | - | |
24 |
49,092 | 65,236 | 79,844 | 2,563 | 5,017 | 6,774 | 24,740 | 47,395 | 63,447 | 359 | |
28 |
25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | - | - | - | - | |
29/58 |
1.9m | 1.4m | 1.1m | 755,973 | 528,548 | 452,657 | 436,269 | 383,867 | 420,793 | 235,667 | |
29 |
25,000 | 25,000 | 25,000 | 25,000 | - | 86,667 | 86,667 | - | - | - | |
291 |
25,000 | 25,000 | 25,000 | 25,000 | - | 86,667 | 86,667 | - | - | - | |
40/41 |
52,514 | 73,512 | 61,987 | 195,430 | 128,305 | 72,434 | 80,783 | 35,639 | 55,996 | 50,410 | |
40 |
52,294 | 28,339 | 61,778 | 10,647 | 23,617 | 29,101 | 36,905 | 4,467 | 21,177 | 34,055 | |
41 |
220 | 45,174 | 209 | 184,783 | 104,688 | 43,333 | 43,878 | 31,172 | 34,819 | 16,355 | |
54/58 |
1.8m | 1.3m | 972,174 | 534,656 | 399,360 | 292,040 | 267,491 | 346,951 | 364,798 | 185,257 | |
490/1 |
- | 4,258 | 595 | 888 | 882 | 1,516 | 1,328 | 1,276 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
2.0m | 1.5m | 1.2m | 803,263 | 594,750 | 525,616 | 495,381 | 431,261 | 484,240 | 236,027 | |
10/15 |
126,565 | 139,891 | 153,330 | 142,830 | 170,162 | 142,627 | 142,711 | 241,905 | 202,523 | 71,998 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
100 |
- | - | - | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
13 |
103,853 | 103,853 | 103,853 | 103,853 | 149,853 | 103,853 | 103,853 | 221,500 | 182,000 | 51,800 | |
130/1 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | |
130 |
- | - | - | - | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 1,800 | |
1311 |
- | - | - | 2,000 | - | - | - | - | - | - | |
1319 |
2,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | |
133 |
101,853 | 101,853 | 101,853 | 101,853 | 147,853 | 101,853 | 101,853 | 219,500 | 180,000 | 50,000 | |
14 |
2,712 | 16,038 | 29,477 | 18,977 | 309 | 18,774 | 18,858 | 405 | 523 | 198 | |
17/49 |
1.8m | 1.3m | 1.0m | 660,433 | 424,588 | 382,989 | 352,670 | 189,357 | 281,717 | 164,029 | |
42/48 |
1.8m | 1.3m | 1.0m | 648,244 | 419,343 | 377,886 | 350,232 | 187,201 | 280,645 | 164,029 | |
44 |
2,392 | 6,923 | 5,657 | 1,229 | 17,364 | 87,805 | 124,001 | 13,992 | 1,142 | 139 | |
440/4 |
2,392 | 6,923 | 5,657 | 1,229 | 17,364 | 87,805 | 124,001 | 13,992 | 1,142 | 139 | |
45 |
58,137 | 85,810 | 89,378 | 64,097 | 10,368 | 43,245 | 61,596 | 18,174 | 68,227 | 31,850 | |
450/3 |
58,137 | 85,810 | 89,378 | 64,097 | 10,368 | 43,245 | 61,596 | 18,174 | 68,227 | 31,850 | |
47/48 |
1.7m | 1.2m | 914,397 | 582,918 | 391,612 | 246,836 | 164,636 | 155,034 | 211,277 | 132,040 | |
492/3 |
46,389 | 22,472 | 18,474 | 12,189 | 5,245 | 5,102 | 2,438 | 2,156 | 1,072 | - | |
| Income statement | |||||||||||
76A |
- | - | - | 5,729 | - | - | - | - | - | - | |
9900 |
889,909 | 766,067 | 812,128 | 464,053 | 276,053 | 213,010 | 209,884 | 186,334 | 266,899 | 214,372 | |
630 |
21,228 | 20,556 | 8,315 | 5,546 | 7,347 | 22,966 | 21,785 | 16,052 | 16,267 | 216 | |
635/8 |
60 | - | - | - | - | - | - | - | - | - | |
640/8 |
208 | 132 | 471 | 4,779 | 670 | 211 | 438 | 266 | 813 | 360 | |
66A |
935 | 2,298 | 1,768 | 1,364 | 292 | 551 | 404 | 120 | - | - | |
9901 |
867,479 | 743,081 | 801,575 | 452,365 | 267,744 | 189,282 | 187,257 | 169,896 | 249,819 | 213,796 | |
75/76B |
1,537 | 1,433 | 383 | 525 | 2 | 3 | 3 | 48 | 156 | 69 | |
75 |
1,537 | 1,433 | 383 | 525 | 2 | 3 | 3 | 48 | 156 | 69 | |
65/66B |
46,595 | 22,668 | 18,983 | 8,171 | 5,339 | 3,746 | 1,099 | 2,375 | 1,184 | 0 | |
65 |
46,595 | 22,668 | 18,983 | 8,171 | 5,339 | 3,746 | 1,099 | 2,375 | 1,184 | 0 | |
9903 |
822,421 | 721,847 | 782,974 | 444,719 | 262,406 | 185,539 | 186,161 | 167,569 | 248,791 | 213,865 | |
67/77 |
110,747 | 85,286 | 122,474 | 51,050 | 9,872 | 35,623 | 52,152 | 18,187 | 68,267 | 31,867 | |
9904 |
711,674 | 636,561 | 660,500 | 393,668 | 252,535 | 149,916 | 134,009 | 149,382 | 180,525 | 181,998 | |
9905 |
711,674 | 636,561 | 660,500 | 393,668 | 252,535 | 149,916 | 134,009 | 149,382 | 180,525 | 181,998 | |
| Appropriation of the result | |||||||||||
9906 |
727,712 | 666,038 | 679,477 | 393,977 | 271,309 | 168,774 | 148,270 | 149,905 | 180,723 | 181,998 | |
14P |
16,038 | 29,477 | 18,977 | 309 | - | - | - | - | - | - | |
791/2 |
- | - | - | 46,000 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | 46,000 | - | - | 39,500 | 130,200 | 51,800 | |
6920 |
- | - | - | - | - | - | - | - | 200 | 1,800 | |
6921 |
- | - | - | - | 46,000 | - | - | 39,500 | 130,000 | 50,000 | |
694/7 |
725,000 | 650,000 | 650,000 | 421,000 | 225,000 | 150,000 | 129,412 | 110,000 | 50,000 | 130,000 | |
694 |
325,000 | 250,000 | 350,000 | 171,000 | - | 100,000 | 129,412 | - | - | - | |
695 |
400,000 | 400,000 | 300,000 | 250,000 | 225,000 | 50,000 | - | 110,000 | 50,000 | 130,000 | |
| Document | |||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 31-10-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 31-10-2025 | 2025-00558869 | |
| 31-03-2024 | micro format | 30-10-2024 | 2024-00526509 | |
| 31-03-2023 | micro format | 03-11-2023 | 2023-00504422 | |
| 31-03-2022 | micro format | 17-11-2022 | 2022-20522257 | |
| 31-03-2021 | micro format | 03-11-2021 | 2021-76700209 | |
| 31-03-2020 | micro format | 27-11-2020 | 2020-72800015 | |
| 31-03-2019 | micro format | 02-12-2019 | 2019-75500365 | |
| 31-03-2017 | micro format | 23-10-2017 | 2017-68000581 | |
| 31-03-2016 | abbreviated format | 27-10-2016 | 2016-67000021 | |
| 31-03-2015 | abbreviated format | 02-10-2015 | 2015-63800488 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 | 20159 months |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 6,424 | 3,876 | 82,505 | -13,367 | 590 | 36,813 | 49,482 | 0 | 79,355 | 575 | ||
| 520,608 | 293,088 | 437,519 | 135,295 | 107,320 | 24,550 | - | -17,847 | 179,540 | - | ||
| 6.5% | 9.5% | 13.0% | 17.8% | 28.6% | 27.1% | 28.8% | 56.1% | 41.8% | 30.5% | ||
| 562.3% | 455.0% | 430.8% | 275.6% | 148.4% | 105.1% | 93.9% | 61.8% | 89.1% | 252.8% | ||
| 36.4% | 43.2% | 55.9% | 49.0% | 42.5% | 28.5% | 27.1% | 34.6% | 37.3% | 77.1% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €6,424 | €3,876 | €82,505 | - |
| €21,228 | €20,556 | €8,315 | €5,546 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on ELCONSTRUCT
The operating result for 2025 is 17% higher than in 2024 and the highest since 2015. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 90.5% to 93.5%. Equity is lower and debt is higher.