ELEP
ActiveSummary
ELEP has been active since 1963 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.3m and a net result of €12,657. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 35% of 69 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability29▲+2
Solvency57=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity short (current ratio 0.36 against 0.36 in 2023; short-term debt: 67.5% and cash: 0.8% of total assets), and 67.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 17
Relative position
BE, all sectors
reference
Manufacture of paper and paper products (NACE 17)
about 49% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
32.5%
Return on assets
0.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
20 d early
2022
18 d late
2021
19 d late
2020
19 d late
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#2 oldest company in Lommel
Equity
€1.3m▲ 1.0%
2023 · €1.3m
Total assets
€4.1m▼ 0.2%
2023 · €4.1m
Net result
€12,657
2023 · -€7,398
Working capital
-€1.7m▲ 1.6%
2023 · -€1.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 17, Manufacture of paper and paper products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€97,542▼ 130%-€76,383▲ 21.7%-€24,088▲ 68.5%€186,711€208,633▲ 11.7%
Net result-€121,969below the sector's middle half▼ 76.6%-€127,203below the sector's middle half▼ 4.3%-€126,061below the sector's middle half▲ 0.9%-€7,398below the sector's middle half▲ 94.1%€12,657within the sector's middle half
Equity€1.6mwithin the sector's middle half▼ 7.2%€1.4mwithin the sector's middle half▼ 8.1%€1.3mwithin the sector's middle half▼ 8.8%€1.3mwithin the sector's middle half▼ 0.6%€1.3mwithin the sector's middle half▲ 1.0%
Total assets€4.1mabove the sector's middle half▼ 5.6%€3.8mabove the sector's middle half▼ 5.1%€4.1mwithin the sector's middle half▲ 5.4%€4.1mabove the sector's middle half▲ 0.1%€4.1mwithin the sector's middle half▼ 0.2%
Debt€2.5m▼ 4.5%€2.4m▼ 3.2%€2.7m▲ 13.9%€2.8m▲ 0.4%€2.7m▼ 0.8%
Working capital-€1.6mbelow the sector's middle half▼ 12.7%-€1.7mbelow the sector's middle half▼ 7.2%-€1.8mbelow the sector's middle half▼ 6.4%-€1.8mbelow the sector's middle half▲ 1.9%-€1.7mbelow the sector's middle half▲ 1.6%
Solvency38.6%within the sector's middle half▼ 0.7pp37.4%within the sector's middle half▼ 1.2pp32.3%within the sector's middle half▼ 5.0pp32.1%within the sector's middle half▼ 0.2pp32.5%within the sector's middle half▲ 0.4pp
Current ratio0.36below the sector's middle half▼ 0.100.29below the sector's middle half▼ 0.070.34below the sector's middle half▲ 0.050.36below the sector's middle half▲ 0.010.36below the sector's middle half▲ 0.01
Return on assets (ROA)-3.0%below the sector's middle half▼ 1.4pp-3.3%below the sector's middle half▼ 0.3pp-3.1%below the sector's middle half▲ 0.2pp-0.2%below the sector's middle half▲ 2.9pp0.3%within the sector's middle half▲ 0.5pp
Staff (FTE)6.1within the sector's middle half▼ 18.7%6.4within the sector's middle half▲ 4.9%6.8within the sector's middle half▲ 6.3%5.8below the sector's middle half▼ 14.7%5.2within the sector's middle half▼ 10.3%
above
within
below
the middle half (P25 to P75) of NACE 17, Manufacture of paper and paper products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 12% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.1m
Fixed assets
€3.1m ▼ 0.8%
Current assets
€993,757 ▲ 1.7%
Equity and liabilities €4.1m
Equity
€1.3m ▲ 1.0%
Debt
€2.7m ▼ 0.8%
Debt's share of the balance-sheet total falls from 67.9% to 67.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€237,625▲
2023 · €216,869
Cash flow
€41,648▲
2023 · €22,760
Debt to equity
2.08▼
2023 · 2.11
ROE
1.0%▲
2023 · -0.6%
Interest coverage
1.18▲
2023 · 1.04
Debt ≤ 1 year
€2.7m▼
2023 · €2.7m
Income taxes
-€1,743▼
2023 · €2,123
Staff costs
€332,692▼
2023 · €347,858
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €325,300 | €390,372 | €347,858 | €332,692 | ▼ 4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,877 | €26,401 | €36,555 | €30,158 | €28,992 | ▼ 3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €443 | - | - | €2,419 | - |
| Other operating charges640/8 | - | €930 | €3,180 | €1,022 | €1,030 | ▲ 0.7% |
| Gross operating margin9900 | €261,655 | €276,691 | €406,019 | €565,750 | €573,765 | ▲ 1.4% |
| Operating profit (loss)9901 | -€97,542 | -€76,383 | -€24,088 | €186,711 | €208,633 | ▲ 11.7% |
| Financial income75/76B | - | €12,304 | €4,122 | €15,850 | €3,053 | ▼ 80.7% |
| Recurring financial income75 | €9,471 | €12,304 | €3,872 | €2,810 | €3,053 | ▲ 8.7% |
| Non-recurring financial income76B | - | - | €250 | €13,040 | - | - |
| Financial charges65/66B | - | €62,691 | €105,686 | €207,836 | €200,772 | ▼ 3.4% |
| Recurring financial charges65 | €33,465 | €62,691 | €105,686 | €207,836 | €200,772 | ▼ 3.4% |
| Profit (loss) for the period before taxes9903 | -€121,537 | -€126,770 | -€125,652 | -€5,275 | €10,914 | ▲ 307% |
| Income taxes67/77 | €432 | €433 | €409 | €2,123 | -€1,743 | ▼ 182% |
| Profit (loss) for the period9904 | -€121,969 | -€127,203 | -€126,061 | -€7,398 | €12,657 | ▲ 271% |
| Profit (loss) for the period to be appropriated9905 | -€121,969 | -€127,203 | -€126,061 | -€7,398 | €12,657 | ▲ 271% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.1m | €3.8m | €4.1m | €4.1m | €4.1m | ▼ 0.2% |
| Fixed assets21/28 | €3.2m | €3.1m | €3.1m | €3.1m | €3.1m | ▼ 0.8% |
| Intangible fixed assets21 | - | - | - | €0 | - | - |
| Tangible fixed assets22/27 | €89,664 | €88,176 | €83,676 | €53,517 | €24,526 | ▼ 54.2% |
| Furniture and vehicles24 | - | €85,462 | €83,676 | €53,517 | €24,526 | ▼ 54.2% |
| Assets under construction and advance payments27 | - | €2,714 | - | - | - | - |
| Financial fixed assets28 | €3.1m | €3.1m | €3.0m | €3.0m | €3.0m | ▲ 0.1% |
| Current assets29/58 | €902,005 | €710,388 | €937,332 | €977,564 | €993,757 | ▲ 1.7% |
| Amounts receivable within one year40/41 | €814,290 | €681,747 | €903,273 | €958,954 | €959,303 | = |
| Trade receivables40 | - | €591,334 | €833,989 | €892,732 | €896,808 | ▲ 0.5% |
| Other amounts receivable41 | - | €90,413 | €69,284 | €66,222 | €62,495 | ▼ 5.6% |
| Cash at bank and in hand54/58 | €85,227 | €28,641 | €34,059 | €11,110 | €34,213 | ▲ 208% |
| Deferred charges and accrued income490/1 | - | - | - | €7,500 | €240 | ▼ 96.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.1m | €3.8m | €4.1m | €4.1m | €4.1m | ▼ 0.2% |
| Equity10/15 | €1.6m | €1.4m | €1.3m | €1.3m | €1.3m | ▲ 1.0% |
| Contributions10/11 | €4.9m | €4.9m | €4.9m | €4.9m | €4.9m | = |
| Capital10 | - | €4.9m | €4.9m | €4.9m | €4.9m | = |
| Issued capital100 | - | €4.9m | €4.9m | €4.9m | €4.9m | = |
| Reserves13 | €74,400 | €74,400 | €74,400 | €74,400 | €74,400 | = |
| Non-distributable reserves130/1 | - | €74,400 | €74,400 | €74,400 | €74,400 | = |
| Legal reserve130 | - | €74,400 | €74,400 | €74,400 | €74,400 | = |
| Profit (loss) carried forward14 | -€3.4m | -€3.5m | -€3.6m | -€3.6m | -€3.6m | ▲ 0.3% |
| Amounts payable17/49 | €2.5m | €2.4m | €2.7m | €2.8m | €2.7m | ▼ 0.8% |
| Amounts payable within one year42/48 | €2.5m | €2.4m | €2.7m | €2.7m | €2.7m | ▼ 0.5% |
| Trade debts44 | €166,199 | €299,296 | €482,586 | €645,943 | €736,077 | ▲ 14.0% |
| Suppliers440/4 | - | €299,296 | €482,586 | €645,943 | €736,077 | ▲ 14.0% |
| Advances received on contracts in progress46 | - | €36,199 | €69,110 | €32,133 | €30,630 | ▼ 4.7% |
| Taxes, remuneration and social security45 | - | €77,665 | €93,958 | €70,293 | €71,079 | ▲ 1.1% |
| Taxes450/3 | - | €19,130 | €18,828 | €15,043 | €13,135 | ▼ 12.7% |
| Remuneration and social security454/9 | - | €58,535 | €75,130 | €55,251 | €57,944 | ▲ 4.9% |
| Other amounts payable47/48 | - | €2.0m | €2.1m | €2.0m | €1.9m | ▼ 5.1% |
| Accrued charges and deferred income492/3 | - | €2,647 | €3,426 | €9,015 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€121,969 | -€127,203 | -€126,061 | -€7,398 | €12,657 | ▲ 271% |
| + Depreciation and write-downs630 | €23,877 | €26,401 | €36,555 | €30,158 | €28,992 | ▼ 3.9% |
| Operating cash flow (approximation) | -€98,092 | -€100,802 | -€89,506 | €22,760 | €41,648 | ▲ 83.0% |
| Investment in fixed assets (approximation) | - | -€11,638 | -€19,375 | €5,800 | -€3,750 | ▼ 165% |
| Change in cash | - | -€56,586 | €5,418 | -€22,949 | €23,103 | ▲ 201% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €12,657
Net result €12,657 after 6 loss-making years.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 18 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 19 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 19 days late
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lommel · 1 establishment unit since 1963
Ground area
2.0 ha
Building footprint
6,301 m²
Parcel 72343E0937/00N029, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kerkhovensesteenweg 92, 3920 Lommel
since 19632.006.009.389
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72343E0937/00N029 | Flanders | 2.0 ha | 1 · 6,300 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- IMPERCO
- ELEP
Highest known parent: IMPERCO. The sources do not say who stands above it.
Owners 1
- IMPERCOparentSourceaccounts IMPERCO 202466%
Holdings 1
-
99.98%
According to the 2024 annual accounts of ELEP and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 65 companies in sector 17230 we hold annual accounts for 26. 16 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-04-1963
Fiscal year end31-12
Activities, NACEBEL 2025
17230Manufacture of paper and paper products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0401326315
Also
9925:BE0401326315
Registered
14-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.