ELFESA
InactiveInactive since 09-06-2026; last annual accounts for fiscal year 2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
30 d early
2024
56 d late
2023
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 19 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2025, abbreviated schema
Equity
€25,279▼ 2.7%
2024 · €25,991
Total assets
€98,517▲ 89.8%
2024 · €51,917
Net result
-€712
2024 · €18,267
Working capital
€25,279▼ 1.3%
2024 · €25,602
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€10,596-€27,216▲ 157%€2,344▼ 91.4%
Net result€6,724-€18,267▲ 172%-€712
Equity€7,724-€25,991▲ 236%€25,279▼ 2.7%
Total assets€58,285-€51,917▼ 10.9%€98,517▲ 89.8%
Debt€50,561-€25,926▼ 48.7%€73,237▲ 182%
Working capital€7,206-€25,602▲ 255%€25,279▼ 1.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 91% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €98,517
Equity
€25,279 ▼ 2.7%
Debt
€73,237 ▲ 182%
Debt's share of the balance-sheet total rises from 49.9% to 74.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2,344▼
2024 · €27,346
Cash flow
-€712▼
2024 · €18,396
Current ratio
1.35▼
2024 · 1.99
Debt to equity
2.90▲
2024 · 1.00
ROE
-2.8%▼
2024 · 70.3%
ROA
-0.7%▼
2024 · 35.2%
Interest coverage
1.62▼
2024 · 15.66
Debt ≤ 1 year
€73,237▲
2024 · €25,926
Income taxes
€2,025▼
2024 · €7,203
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €130 | €130 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €118 | €190 | ▲ 61.1% |
| Gross operating margin9900 | €10,726 | €27,464 | €2,534 | ▼ 90.8% |
| Operating profit (loss)9901 | €10,596 | €27,216 | €2,344 | ▼ 91.4% |
| Financial income75/76B | €0 | €0 | €414 | - |
| Recurring financial income75 | €0 | €0 | €414 | - |
| Financial charges65/66B | €1,406 | €1,746 | €1,444 | ▼ 17.3% |
| Recurring financial charges65 | €1,406 | €1,746 | €1,444 | ▼ 17.3% |
| Profit (loss) for the period before taxes9903 | €9,191 | €25,470 | €1,314 | ▼ 94.8% |
| Income taxes67/77 | €2,466 | €7,203 | €2,025 | ▼ 71.9% |
| Profit (loss) for the period9904 | €6,724 | €18,267 | -€712 | ▼ 104% |
| Profit (loss) for the period to be appropriated9905 | €6,724 | €18,267 | -€712 | ▼ 104% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €58,285 | €51,917 | €98,517 | ▲ 89.8% |
| Fixed assets21/28 | €518 | €389 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €518 | €389 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €518 | €389 | €0 | ▼ 100% |
| Current assets29/58 | €57,767 | €51,528 | €98,517 | ▲ 91.2% |
| Amounts receivable within one year40/41 | €37,173 | €17,442 | €68,864 | ▲ 295% |
| Trade receivables40 | €36,872 | €17,442 | €51,326 | ▲ 194% |
| Other amounts receivable41 | €301 | €0 | €17,538 | - |
| Cash at bank and in hand54/58 | €20,593 | €34,086 | €29,653 | ▼ 13.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €58,285 | €51,917 | €98,517 | ▲ 89.8% |
| Equity10/15 | €7,724 | €25,991 | €25,279 | ▼ 2.7% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €6,724 | €24,991 | €24,279 | ▼ 2.8% |
| Amounts payable17/49 | €50,561 | €25,926 | €73,237 | ▲ 182% |
| Amounts payable within one year42/48 | €50,561 | €25,926 | €73,237 | ▲ 182% |
| Trade debts44 | €2,790 | €1,953 | €10,678 | ▲ 447% |
| Suppliers440/4 | €2,790 | €1,953 | €10,678 | ▲ 447% |
| Advances received on contracts in progress46 | €41,140 | €0 | €55,890 | - |
| Taxes, remuneration and social security45 | €6,475 | €23,817 | €6,670 | ▼ 72.0% |
| Taxes450/3 | €6,475 | €23,817 | €6,670 | ▼ 72.0% |
| Other amounts payable47/48 | €156 | €156 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,724 | €18,267 | -€712 | ▼ 104% |
| + Depreciation and write-downs630 | €130 | €130 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €6,854 | €18,396 | -€712 | ▼ 104% |
| Investment in fixed assets (approximation) | - | €0 | €389 | - |
| Change in cash | - | €13,492 | -€4,433 | ▼ 133% |
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
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€712
Net result drops to -€712, the lowest in the series.
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 56 days late
2024
31-12
Financial
Highest result since 2023net €18,267 ▲172%
Operating result €27,216, net result €18,267, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Kapellen
Ground area
231 m²
Building footprint
75 m²
Volume, LiDAR
384 m³
Parcel 11902E0069/00C004, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11902E0069/00C004 | Flanders | 231 m² | 1 · 75 m² | 8.1 m · 2 fl. |
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.
Identification & contact
Identification
Legal formPrivate limited company
Founded19-01-2023
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0797352965
Registered
05-10-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.