ELEMASTER (0442.683.155), Inactive: annual accounts and directors

ELEMASTER

KBO/BCE: BE 0442.683.155

Line	2026	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	130,096	15.3m	24.3m	34.1m	37.6m	21.2m	16.1m	10.5m	12.9m	12.8m	11.2m	11.9m	13.6m	11.7m	12.3m	10.9m	8.9m	13.0m	10.8m	7.3m
Fixed assets`21/28`	114,590	2.3m	2.4m	2.5m	7.4m	3.5m	1.7m	1.6m	1.6m	3.2m	2.2m	2.2m	2.5m	2.4m	1.9m	2.5m	2.2m	1.2m	1.5m	1.5m
Intangible fixed assets`21`	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,022	45,306	144,542	160,219
Tangible fixed assets`22/27`	0	1,833	107,094	206,641	278,898	237,371	185,239	64,603	113,542	215,864	350,497	479,021	561,389	253,580	173,765	250,917	304,344	258,390	497,392	429,539
Land and buildings`22`	-	-	-	-	0	504	3,719	6,996	10,272	13,549	1,188	-	-	1,172	3,515	5,858	8,966	13,958	19,506	26,499
Plant, machinery and equipment`23`	0	202	76,123	114,000	124,611	94,563	93,546	39,443	60,314	116,449	202,490	301,613	410,923	86,361	91,841	108,657	131,164	54,671	330,593	324,848
Furniture and vehicles`24`	-	0	16,491	26,373	0	117	819	5,221	10,854	16,488	18,493	23,425	1,358	7,851	24,379	18,102	30,394	7,342	7,554	14,288
Leasing and similar rights`25`	0	1,631	14,480	66,267	154,287	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial fixed assets`28`	114,590	2.3m	2.3m	2.3m	7.1m	3.2m	1.5m	1.5m	1.5m	3.0m	1.8m	1.8m	1.9m	2.2m	1.7m	2.2m	1.9m	945,851	870,283	924,981
Affiliated companies`280/1`	-	2.3m	2.3m	2.3m	7.1m	3.2m	1.5m	1.5m	1.5m	3.0m	1.8m	1.8m	1.9m	1.7m	1.5m	1.9m	1.9m	903,293	829,175	879,175
Participating interests`280`	-	2.3m	2.3m	2.3m	2.3m	2.3m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	600,000	600,000	-	-	-	-
Amounts receivable`281`	-	-	-	-	4.8m	927,000	-	-	-	1.5m	305,781	223,315	380,883	205,489	858,711	1.3m	1.9m	903,293	829,175	879,175
Companies linked by participating interests`282/3`	-	-	-	-	-	-	-	-	-	-	-	-	-	461,974	250,000	250,000	-	-	-	-
Participating interests`282`	-	-	-	-	-	-	-	-	-	-	-	-	-	250,000	250,000	250,000	-	-	-	-
Amounts receivable`283`	-	-	-	-	-	-	-	-	-	-	-	-	-	211,974	-	-	-	-	-	-
Other financial fixed assets`284/8`	-	5,471	-	-	-	-	-	-	-	-	-	-	-	14,113	10,672	20,012	30,475	42,558	41,108	45,806
Amounts receivable and cash guarantees`285/8`	-	5,471	-	-	-	-	-	-	-	-	-	-	-	14,113	10,672	20,012	30,475	42,558	41,108	45,806
Current assets`29/58`	15,506	13.0m	21.9m	31.6m	30.2m	17.7m	14.4m	8.9m	11.3m	9.5m	9.0m	9.6m	11.1m	9.2m	10.4m	8.4m	6.7m	11.8m	9.3m	5.8m
Stocks and contracts in progress`3`	-	-	2.2m	22.6m	20.8m	9.2m	6.5m	3.6m	3.0m	4.4m	4.9m	4.5m	6.0m	4.5m	4.9m	4.1m	4.0m	4.5m	5.8m	3.0m
Stocks`30/36`	-	-	2.2m	22.6m	20.8m	9.2m	6.5m	3.6m	3.0m	4.4m	4.9m	4.5m	6.0m	4.5m	4.9m	4.1m	4.0m	4.5m	5.8m	3.0m
Raw materials and consumables`30/31`	-	-	1.9m	20.8m	19.9m	8.2m	5.8m	3.3m	2.7m	4.3m	4.6m	4.1m	5.1m	4.1m	4.2m	3.2m	3.0m	3.8m	4.8m	2.5m
Work in progress`32`	-	-	120,095	1.2m	861,257	928,173	623,723	314,679	290,958	81,063	147,954	228,178	524,981	185,499	448,328	664,758	414,604	380,130	29,985	268,112
Finished goods`33`	-	-	195,248	654,314	20,557	80,422	122,165	65,594	3,610	1,391	177,904	92,000	356,323	249,405	222,004	190,682	600,207	360,077	926,617	256,662
Goods purchased for resale`34`	-	-	-	-	-	-	-	-	4,229	3,877	5,941	-	-	-	-	-	-	-	-	14,585
Amounts receivable within one year`40/41`	13,775	12.8m	19.6m	8.8m	9.0m	8.4m	7.8m	4.8m	8.1m	5.1m	3.9m	5.0m	4.9m	3.9m	4.6m	3.5m	2.3m	3.3m	3.5m	2.6m
Trade receivables`40`	0	6.2m	2.7m	6.3m	9.0m	8.4m	7.5m	4.7m	7.3m	4.7m	3.7m	4.8m	4.7m	3.8m	4.5m	3.5m	2.0m	2.6m	3.1m	2.3m
Other amounts receivable`41`	13,775	6.6m	16.9m	2.5m	9,735	15,464	303,748	91,994	732,123	305,886	254,815	222,364	191,540	102,969	142,484	48,881	363,626	685,140	397,466	278,495
Cash at bank and in hand`54/58`	1,731	129,586	44,471	234,897	368,191	40,300	57,354	330,105	151,536	36,082	114,016	111,581	164,529	503,274	591,900	378,156	144,488	784,708	22,078	177,978
Deferred charges and accrued income`490/1`	-	-	18,947	10,636	0	14,878	359	96,761	28,451	28,205	16,148	21,028	42,620	381,242	329,746	418,171	237,740	3.2m	43,959	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	130,096	15.3m	24.3m	34.1m	37.6m	21.2m	16.1m	10.5m	12.9m	12.8m	11.2m	11.9m	13.6m	11.7m	12.3m	10.9m	8.9m	13.0m	10.8m	7.3m
Equity`10/15`	-9.6m	-9.6m	-9.0m	-4.9m	833,023	1.2m	640,412	481,579	383,698	1.6m	322,606	906,458	1.2m	2.3m	2.7m	2.2m	2.5m	2.4m	2.4m	1.9m
Contributions`10/11`	1.9m	1.9m	1.9m	1.9m	1.9m	1.9m	1.9m	1.9m	1.9m	1.9m	1.9m	1.9m	966,565	665,783	665,783	665,783	365,000	365,000	365,000	365,000
Capital`10`	1.9m	1.9m	1.9m	1.9m	1.9m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	1.9m	1.9m	1.9m	1.9m	1.9m	1.9m	1.9m	1.9m	1.9m	1.9m	1.9m	1.9m	966,565	665,783	665,783	665,783	365,000	365,000	365,000	365,000
Reserves`13`	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	1.5m
Non-distributable reserves`130/1`	36,500	36,500	36,500	36,500	36,500	36,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	36,500	36,500	36,500	36,500	36,500	36,500	36,500	36,500	36,500	36,500	36,500	36,500	36,500	36,500	36,500	36,500	36,500	36,500	36,500	36,500
Distributable reserves`133`	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	1.5m
Profit (loss) carried forward`14`	-13.5m	-13.5m	-12.9m	-8.8m	-3.1m	-2.7m	-3.3m	-3.4m	-3.5m	-2.4m	-3.6m	-3.0m	-1.8m	-403,600	-23,027	-462,545	107,887	-4,205	-	-
Provisions and deferred taxes`16`	0	39,641	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provisions for liabilities and charges`160/5`	0	39,641	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pensions and similar obligations`160`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities and charges`164/5`	-	39,641	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	9.8m	24.8m	33.4m	39.0m	36.7m	19.9m	15.5m	10.0m	12.5m	11.2m	10.9m	11.0m	12.3m	9.4m	9.6m	8.6m	6.4m	10.6m	8.4m	5.4m
Amounts payable after more than one year`17`	9.7m	18.9m	18.2m	13.3m	4.6m	3.0m	1.1m	1.0m	27,923	477,441	959,901	1.2m	2.6m	1.4m	876,446	1.5m	1.4m	307,320	403,028	493,427
Financial debts`170/4`	9.7m	18.9m	18.2m	13.3m	4.6m	3.0m	1.1m	1.0m	27,923	477,441	959,901	1.2m	2.6m	1.4m	876,446	1.5m	1.4m	307,320	403,028	493,427
Subordinated loans`170`	-	18.9m	18.2m	13.2m	4.5m	2.9m	1.1m	1.0m	-	449,519	-	-	-	-	-	-	-	-	-	-
Leasing and similar obligations`172`	-	-	2,504	22,837	83,481	97,503	59,996	27,923	27,923	27,922	68,339	107,389	107,972	115,481	14,168	33,769	59,833	116,984	89,113	43,427
Credit institutions`173`	-	-	7,229	16,735	-	-	-	-	-	-	141,563	235,938	424,688	426,931	862,278	1.5m	1.4m	190,335	313,915	450,000
Other loans`174`	-	-	-	-	-	-	-	-	-	-	750,000	900,000	2.1m	900,000	-	-	-	-	-	-
Amounts payable within one year`42/48`	114,590	5.9m	15.1m	25.7m	32.1m	17.0m	14.3m	8.9m	12.2m	10.5m	9.6m	9.4m	9.6m	7.6m	8.7m	7.0m	4.9m	10.0m	7.9m	4.8m
Current portion of amounts payable after more than one year`42`	0	1,871	20,333	38,264	75,887	46,601	21,713	-	531,074	482,601	424,050	539,887	286,586	1.4m	1.7m	50,655	57,152	181,424	293,514	100,586
Financial debts`43`	0	7,229	5.0m	7.4m	4.5m	4.8m	6.5m	6.1m	4.5m	4.1m	4.1m	5.0m	5.0m	2.2m	3.0m	2.8m	2.1m	3.6m	2.8m	1.6m
Credit institutions`430/8`	0	7,229	5.0m	4.5m	4.5m	4.8m	6.5m	6.1m	4.5m	4.1m	4.1m	5.0m	5.0m	2.2m	3.0m	2.8m	2.1m	3.6m	2.8m	1.6m
Other loans`439`	-	-	0	2.9m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	114,590	5.8m	8.7m	17.5m	15.9m	8.0m	6.4m	2.4m	5.2m	5.3m	4.8m	3.6m	4.1m	3.8m	3.8m	3.9m	2.7m	6.2m	4.6m	2.9m
Suppliers`440/4`	114,590	5.8m	8.7m	17.5m	15.9m	8.0m	6.4m	2.4m	5.2m	5.3m	4.8m	3.6m	4.1m	3.8m	3.8m	3.9m	2.7m	6.2m	4.6m	2.9m
Advances received on contracts in progress`46`	-	-	44,000	366,866	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	0	168,314	1.4m	333,787	76,393	489,933	143,133	393,318	690,564	551,562	253,425	235,052	210,361	111,953	83,009	118,631	1,272	84,984	91,735	136,335
Taxes`450/3`	0	17,922	1.0m	223,986	15,161	364,251	30,933	217,138	572,164	376,609	111,906	90,713	93,909	14,349	2,095	29,518	-	-	-	52,437
Remuneration and social security`454/9`	0	150,392	303,626	109,802	61,232	125,683	112,199	176,180	118,400	174,954	141,518	144,338	116,452	97,604	80,914	89,113	1,272	84,984	91,735	83,898
Other amounts payable`47/48`	-	-	-	-	11.6m	3.7m	1.3m	-	1.3m	30,407	54,304	30,407	30,407	44,137	80,863	132,213	34,007	34,007	44,007	50,125
Accrued charges and deferred income`492/3`	-	-	39,641	1,648	-	-	25,466	88,761	290,916	279,434	309,748	325,694	93,473	378,445	94,883	43,676	56,350	257,367	122,787	75,356
Income statement
Operating income`70/76A`	-	3.6m	36.0m	41.9m	24.1m	21.5m	15.5m	14.1m	15.1m	18.6m	14.2m	16.5m	19.3m	16.2m	17.9m	13.8m	16.0m	27.1m	20.8m	17.2m
Turnover`70`	-	3.9m	37.4m	41.6m	24.2m	21.4m	15.5m	14.1m	14.8m	18.5m	14.1m	17.1m	18.8m	16.4m	18.0m	13.9m	15.7m	27.2m	20.3m	16.7m
Change in stocks of work in progress, finished goods and contracts in progress`71`	-	-292,029	-1.5m	258,289	-126,781	20,871	-5,142	-3,993	212,114	-243,404	5,681	-561,126	446,399	-235,429	-185,108	-159,371	274,605	-216,396	431,827	524,774
Other operating income`74`	-	20,040	75,174	51,655	55,229	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-recurring operating income`76A`	283,364	-	-	-	0	3,521	26,313	24,261	-	320,076	-	-	-	46,930	-	389,866	824,195	4.2m	9,903	20,991
Gross operating margin`9900`	582,580	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating charges`60/66A`	-	3.4m	39.4m	43.1m	24.4m	20.9m	15.3m	13.8m	15.9m	17.0m	14.4m	16.9m	19.9m	16.4m	17.2m	14.5m	16.2m	26.6m	19.9m	16.1m
Goods for resale, raw materials and consumables`60`	-	2.7m	36.4m	40.6m	22.5m	18.8m	12.9m	11.7m	13.2m	14.9m	12.2m	14.5m	16.8m	13.7m	14.5m	11.6m	13.3m	23.0m	17.0m	13.4m
Purchases`600/8`	-	1.8m	18.4m	42.7m	33.8m	21.4m	15.9m	11.3m	12.3m	14.6m	12.6m	13.5m	17.8m	13.6m	15.4m	11.8m	12.5m	22.0m	19.3m	13.2m
Change in stocks: decrease (increase)`609`	-	867,972	18.0m	-2.0m	-11.3m	-2.7m	-3.0m	446,463	881,472	270,676	-450,867	981,927	-1.1m	116,729	-973,824	-230,598	783,042	1.0m	-2.3m	135,448
Services and other goods`61`	-	606,858	950,020	1.3m	1.2m	936,259	1.2m	1.1m	919,024	962,247	1.2m	1.4m	1.5m	1.7m	1.7m	1.7m	1.9m	2.4m	1.9m	1.6m
Remuneration, social security and pensions`62`	630,448	494,721	1.0m	982,038	957,916	1.1m	989,348	834,607	834,650	907,760	839,860	845,857	903,483	921,134	925,508	1.1m	888,974	877,094	686,324	667,029
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	0	8,732	75,191	107,819	93,437	76,660	39,955	48,939	137,322	163,730	159,702	173,258	170,118	97,583	99,245	128,655	140,604	331,314	333,927	431,063
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-728,406	-475,976	877,640	24,817	-421,535	25,000	56,800	17,439	726,544	-	11,723	-	554,535	50,412	-	-	-	-	-	-
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating charges`640/8`	2,195	7,293	9,482	34,474	6,569	7,331	68,930	62,796	68,424	15,522	4,748	8,046	7,425	5,161	15,349	9,679	21,561	13,839	13,449	11,119
Non-recurring operating charges`66A`	2	5,465	40,232	-	-	10,094	35,208	20,000	35,448	-	-	406,702	266,327	4,792	39,063	36,125	496,743	3.9m	22,368	467
Operating profit (loss)`9901`	678,341	276,193	-3.4m	-1.2m	-222,124	631,875	212,022	329,612	-844,504	1.6m	-175,821	-339,313	-647,473	-181,403	716,813	-700,032	-189,197	473,026	910,328	1.1m
Financial income`75/76B`	47,006	94,508	187,002	149,902	89,227	243,331	179,688	68,456	246,952	99,131	77,180	55,393	261,546	129,307	201,476	126,654	286,099	12,932	124,593	52,923
Recurring financial income`75`	17,006	94,508	187,002	149,306	89,227	243,331	179,688	68,456	246,952	99,131	77,180	55,393	261,546	129,307	201,476	126,654	286,099	12,932	124,593	52,923
Income from financial fixed assets`750`	-	26	38	2	-	23	2	10	49	627	-	-	811	40,519	59,154	59,154	39,100	11,588	43,972	-
Income from current assets`751`	-	67,626	-	-	9	-	-	-	-	-	11,106	172	-	6	2,960	368	-	1,344	-	3,558
Other financial income`752/9`	-	26,856	186,964	149,304	89,217	243,309	179,687	68,446	246,902	98,504	66,073	55,221	260,735	88,782	139,362	67,131	246,999	-	80,621	49,365
Non-recurring financial income`76B`	30,000	-	-	596	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	773,951	939,643	967,364	1.1m	250,305	298,494	258,292	300,186	473,048	506,535	485,211	529,012	728,377	370,616	439,707	351,716	305,888	787,429	251,792	208,046
Recurring financial charges`65`	773,951	939,643	967,364	1.1m	119,115	298,494	258,292	300,186	473,048	506,535	485,211	529,012	728,377	370,616	439,707	351,716	305,888	787,429	251,792	208,046
Debt charges`650`	-	874,112	807,782	234,566	80,944	102,305	64,337	170,214	332,055	280,123	320,441	352,114	362,647	207,405	230,075	198,007	172,410	258,366	151,656	111,746
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)`651`	-	-	-	-	-	-	-	-	-	-	-	-	300,000	-	-	-	-	-	-	-
Other financial charges`652/9`	-	65,531	159,583	909,382	38,171	196,189	193,955	129,972	140,993	226,412	164,769	176,898	65,731	163,211	209,632	153,710	133,478	529,064	100,136	96,300
Non-recurring financial charges`66B`	-	-	0	-	131,190	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	-48,604	-568,942	-4.2m	-2.2m	-383,202	576,712	133,418	97,881	-1.1m	1.2m	-583,852	-1.2m	-1.4m	-380,574	439,518	-571,354	118,464	-989	770,664	976,999
Income taxes`67/77`	947	1,314	-13,054	-	-	-	-25,415	-	97,604	-	-	-	-32	-	-	-922	6,372	3,216	246,855	327,578
Taxes`670/3`	-	1,314	2,156	-	-	-	-	-	97,604	-	-	-	-	-	-	-	6,372	3,216	246,855	327,578
Tax adjustments and reversals of tax provisions`77`	-	-	15,210	-	-	-	25,415	-	-	-	-	-	32	-	-	922	-	-	-	-
Profit (loss) for the period`9904`	-49,551	-570,256	-4.2m	-2.2m	-383,202	576,712	158,833	97,881	-1.2m	1.2m	-583,852	-1.2m	-1.4m	-380,574	439,518	-570,432	112,092	-4,205	523,809	649,421
Profit (loss) for the period to be appropriated`9905`	-49,551	-570,256	-4.2m	-2.2m	-383,202	576,712	158,833	97,881	-1.2m	1.2m	-583,852	-1.2m	-1.4m	-380,574	439,518	-570,432	112,092	-4,205	523,809	649,421
Appropriation of the result
Profit (loss) to be appropriated`9906`	-13.5m	-13.5m	-12.9m	-8.8m	-3.1m	-2.7m	-3.3m	-3.4m	-3.5m	-2.4m	-3.6m	-3.0m	-1.8m	-403,600	-23,027	-462,545	107,887	-4,205	523,809	649,421
Profit (loss) brought forward from the previous period`14P`	-13.5m	-12.9m	-8.8m	-6.6m	-2.7m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	523,809	649,421
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,250
To other reserves`6921`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	523,809	631,171
Social balance sheet
Average staff (FTE)`9087`	3.1	5.5	9.5	11.7	15	15.4	13.8	12.4	11.8	12.3	12	13	13.5	14.3	14.4	17.3	15	15.9	13.6	13
Men (FTE)`1003`	-	4.9	8.2	11.2	13	12.6	11.1	9.7	9.5	9.6	10.1	10.3	10	10.6	-	-	-	-	-	-
Women (FTE)`1003`	-	0.6	1.3	1.7	2	2.8	2.7	2.7	2.3	2.7	1.9	2.7	3.5	3.7	-	-	-	-	-	-
Agency workers`1501`	-	-	-	0.2	0.2	-	-	-	-	-	-	-	-	-	-	-	-	0.5	-	0.3
Hours worked`1013`	6,661	9,094	15,660	21,141	24,238	24,287	23,047	20,741	20,070	21,423	21,118	21,505	23,137	24,940	25,497	30,504	26,211	27,990	22,555	21,836
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Financial year	Type	Filed	Reference	Document
31-03-2026	abbreviated format	03-06-2026	2026-00135164	PDF
31-12-2024	full format	22-09-2025	2025-00497852	PDF
31-12-2023	full format	22-10-2024	2024-00511559	PDF
31-12-2022	full format	07-10-2023	2023-00485082	PDF
31-12-2021	full format	15-07-2022	2022-20206811	PDF
31-12-2020	full format	23-06-2021	2021-23600345	PDF
31-12-2019	full format	13-01-2021	2021-00800372	PDF
31-12-2018	full format	07-06-2019	2019-16900080	PDF
31-12-2017	full format	20-08-2018	2018-47400206	PDF
31-12-2016	full format	27-10-2017	2017-67900468	PDF
31-12-2015	full format	01-07-2016	2016-25000566	PDF
31-12-2014	full format	13-08-2015	2015-43300276	PDF
31-12-2013	full format	18-07-2014	2014-31900554	PDF
31-12-2012	full format	06-08-2013	2013-41100316	PDF
31-12-2011	full format	29-06-2012	2012-23100262	PDF
31-12-2010	full format	18-07-2011	2011-31200020	PDF
31-12-2009	full format	16-08-2010	2010-41100136	PDF
31-12-2008	full format	14-07-2009	2009-41000045	PDF
31-12-2007	full format	09-06-2008	2008-20000066	PDF
31-12-2006	full format	25-06-2007	2007-26500123	PDF
31-12-2005	full format	15-06-2006	2006-24203239	PDF
31-12-2004	full format	24-06-2005	2005-33102081	PDF
30-06-2003	abbreviated format	19-01-2004	2004-01802591	PDF
30-06-2002	abbreviated format	27-12-2002	2002-79101546	PDF
30-06-2001	abbreviated format	24-12-2001	2001-78003035	PDF
30-06-2000	abbreviated format	15-11-2000	2000-71500874	PDF
30-06-1999	abbreviated format	13-08-1999	1999-41104550	PDF
31-12-1997	abbreviated format	25-06-1998	1998-24200552	PDF
31-12-1996	abbreviated format	19-06-1997	1997-18400121	PDF
31-12-1995	abbreviated format	12-06-1996	1996-15400795	PDF
31-12-1994	abbreviated format	08-06-1995	1995-22001064	PDF
31-12-1993	abbreviated format	20-06-1994	1994-17703472	PDF
31-12-1992	abbreviated format	07-06-1993	1993-10700305	PDF
31-12-1991	abbreviated format	22-06-1992	1992-13200841	PDF

Line	2026	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	678,341	284,925	-3.3m	-1.1m	-128,687	708,534	251,977	378,550	-707,182	1.8m	-16,119	-166,054	-477,355	-83,820	816,058	-571,377	-48,593	804,339	1.2m	1.5m
Cash flow	-49,551	-561,525	-4.1m	-2.1m	-289,765	653,372	198,788	146,820	-1.0m	1.4m	-424,150	-1.0m	-1.2m	-282,991	538,764	-441,777	252,696	327,109	857,736	1.1m
Investment in fixed assets (approximation)	114,590	-91,058	9,681	34,783	134,964	928,792	162,757	0	35,000	29,097	33,588	90,891	516,456	1.1m	28,077	910,259	175,629	131,483	386,102	302,050
Change in cash	-	85,114	-190,426	-133,293	327,891	-17,055	-272,750	178,569	115,454	-77,934	2,435	-52,948	-338,745	-88,627	213,744	233,668	-640,220	762,630	-155,900	-
Working capital	-99,084	7.0m	6.8m	5.9m	-1.9m	741,840	92,552	33,659	-911,006	-929,796	-602,552	234,613	1.5m	1.7m	1.8m	1.4m	1.8m	1.7m	1.4m	938,961
EBIT margin	-	7.1%	-9.1%	-2.9%	-0.9%	2.9%	1.4%	2.3%	-5.7%	8.8%	-1.2%	-2.0%	-3.5%	-1.1%	4.0%	-5.0%	-1.2%	1.7%	4.5%	6.7%
Solvency	-	-62.8%	-37.0%	-14.2%	2.2%	5.8%	4.0%	4.6%	3.0%	12.2%	2.9%	7.6%	9.0%	19.7%	21.8%	20.7%	28.3%	18.5%	22.3%	25.9%
Current ratio	0.14	2.18	1.45	1.23	0.94	1.04	1.01	1.00	0.93	0.91	0.94	1.02	1.15	1.22	1.20	1.20	1.37	1.17	1.18	1.19
Quick ratio	0.14	2.18	1.30	0.35	0.29	0.50	0.55	0.59	0.68	0.49	0.42	0.55	0.53	0.63	0.64	0.62	0.55	0.72	0.45	0.57
Debt to equity	-	-	-	-	44.10	16.39	24.17	20.72	32.57	7.23	33.70	12.10	10.07	4.07	3.59	3.84	2.54	4.41	3.48	2.86
ROE	-	-	-	-	-46.0%	47.4%	24.8%	20.3%	-304.5%	79.2%	-181.0%	-134.5%	-112.6%	-16.5%	16.4%	-25.4%	4.5%	-0.2%	21.7%	34.5%
ROA	-38.1%	-3.7%	-17.1%	-6.4%	-1.0%	2.7%	1.0%	0.9%	-9.1%	9.6%	-5.2%	-10.3%	-10.2%	-3.3%	3.6%	-5.2%	1.3%	0.0%	4.8%	8.9%
Interest coverage	0.88	0.33	-4.11	-4.61	-1.59	6.93	3.92	2.22	-2.13	6.43	-0.05	-0.47	-1.32	-0.40	3.55	-2.89	-0.28	3.11	8.20	13.81
Customer credit	-	577 days	26 days	56 days	136 days	144 days	178 days	123 days	181 days	94 days	95 days	103 days	91 days	83 days	91 days	92 days	45 days	35 days	55 days	50 days
Supplier credit	-	632 days	85 days	153 days	244 days	148 days	165 days	68 days	134 days	121 days	130 days	84 days	83 days	90 days	87 days	108 days	65 days	89 days	89 days	71 days

Item	31-03-2026	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	-	4	8	12	15
full-time	-	3	7	11	14
part-time	-	1	1	1	1
in full-time equivalents	-	3.7	7.7	11.7	14.7
Average over the year, in full-time equivalents	3.1	5.5	9.5	12.9	15
On a permanent contract	-	4	8	12	15
Joined	0	0	0	0	0
Left	4	4	4	3	2
Agency workers, average number	-	-	-	0.2	0.2

Item	31-03-2026	2024	2023	2022	2021
Debts secured on the company's own assets	-	-	€23.2m	€20.8m	€4.5m
Pledge on other assets, amount secured	-	-	€3.0m	€3.0m	-
Carrying value of the other pledged assets	-	-	€24.3m	€34.1m	€3.0m

Item	31-03-2026	2024	2023	2022	2021
Tangible fixed assets	-	-	€9,681	€34,783	€134,964
Financial fixed assets	€114,590	-	-	-	-
Depreciation and write-downs of the year	€0	€8,732	€75,191	€107,819	€93,437

Item	31-03-2026	2024	2023	2022	2021
Fee for the audit	-	€17,500	€24,000	€22,000	€22,000
Other work by the auditor	-	-	-	-	€3,450

Name	2010	2013	2017
Elemaster RO SRLRO 2017 to 2024: 100%			100%
GDM Slovakia SROSK 2013 to 2017: 100%		100%
GDM RO ELECTRONICS SRLRO 2010 to 2016: 100%	100%
PIO CORPORATION 2010 to 2012: 29%	29%

Overview

Lifetime

Key points

Equity

Debts

Staff

Board and ownership

Recent changes

Official details

Annual accounts to 31-03-2026

Insights on ELEMASTER

Financials

Annual accounts 2026

Money flows

Balance sheet

Change in equity

Change in cash

Staff

Men and women

Staff cost per FTE€203,370

Joined and left-4

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Overdue debts

Securities and guarantees

Investments

Auditor

Insights on ELEMASTER

Board & ownership

Last board

Mandates through the years

Control

Capital

Owners through the years

Articles of association

Shareholders

Owners 2

Network & group

Holdings

Europe 1 Equity Result

Parent

Holdings and subsidiaries

Holdings 1

Connections & network

Timeline

Timeline

History

Company details

Purpose, financial year and meetings according to the articles of association

Name, seat, purpose and duration

General meeting and financial year

Dissolved and wound up