Equity
€19.3m ▼ 9.3%
ELINDUS paid out €20.0m in dividends. That is 111% of the 2025 profit.
ELINDUS
Lifetime
12 annual accounts with figures on one time axispeak €382.6m (2025)
€382.6m▲ 54.0%
lowest -€298,205 (2018)
€18.0m▲ 13.3%
peak €21.3m (2024)
€19.3m▼ 9.3%
€67.4m▲ 12.3%
peak 54.1 FTE (2025)
54.1 FTE▲ 28.8%
Board12 names since 2015
4 directors and 3 others
Owners3 names in the annual accounts
50% and 1 other
Documentsfilings and deeds
09-03-202652 days before the deadline
2025financial year
Turnover from €248.5m to €382.6mStaff from 42 FTE to 54.1 FTEDividend €20.0mInvestments €804,182
Key points
from the 2025 annual accountsTurnover
€382.6m ▲ 54.0%
Turnover rose in 2025 from €248.5m to €382.6m.
Debts
€67.4m 78% of the balance sheet
Financial debts 3%Suppliers 61%Taxes and wages 4%Other 32%
€2.1m of the debts are secured on the company's own assets. In 2024 that was €1.2m.
Investments
€806,883 2.9 × depreciation
Green is investment, beige is depreciation.
Payment terms
42 days to suppliers
ELINDUS pays its suppliers 31 days earlier than in 2024. Customers pay 9 days later.
Filings
12 annual accounts since 2013
The last five annual accounts were filed 4 to 52 days before the end of the period.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 172 companies had the same profile as ELINDUS has now. Each dot is one company, two years later.
96.5%
were still trading
3.5%
stopped another way
0.0%
went bankrupt
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 172 companies, not a prediction for ELINDUS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Chair
Managing director,
Managing director,
Managing director,
Auditor,
- 50%equity €146.7m (2025) · 2025 annual accounts of
- 50%equity €12.2m (2025) · 30-09-2025 annual accounts of
- deed of 31-10-2017
Recent changes
Reappointment: (statutory auditor)
Permanent representative: · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0844206143
Electricity generation licence granted
Decision of 02-10-2025, published on 10-10-2025
1 director appointed, 3 resignations, 3 reappointments
Reappointments: , and · Permanent representatives: , and · Change of role: , from managing director to chair of the board · General meeting of 30-04-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ELINDUS Waregem | €382.6m | 6.0% | 22.3% | 54.1 |
| SPG Dry Cooling Belgium Woluwe-Saint-Lambert | €85.2m | 16.4% | 23.3% | 59.8 |
| Telespazio BeNeLux Bastogne | €65.4m | 8.6% | 9.9% | 64.9 |
| Vestas Offshore Wind Belgium Ostend | €87.1m | 3.2% | 17.5% | 149.7 |
| Power Online Liège | €574.7m | 6.9% | 17.7% | 21.1 |
| STORM MANAGEMENT Antwerp | €31.4m | 32.1% | 35.6% | 69.7 |
| WATERLEAU GROUP Haacht | €70.7m | -4.1% | 28.8% | 109.5 |
Grey: the largest companies of the sector (architecture and engineering (NACE 71)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as ELINDUS: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €42m and €198m, founded between 2000 and 2013.
Official details
Source: KBO- Status
- Active since 24-02-2012Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 3 others
- Joint committee
- 326Gas and electricity · annual accounts 30-09-2025
- Establishment unit
- 2.321.170.9038790 Waregem, since 01-09-2021
- Financial year end
- 30 September
- Peppol
- Reachable since 26-11-2025
Annual accounts to 30-09-2025
- €86.7m▲ 6.6%
- Employeeson 30-09-2025
- 61▲ 32.6%
- Filing
- Filed on 09-03-2026, 52 days before the end of the filing period
Insights on ELINDUS
ELINDUS has existed since 2012. The present size dates from 2022. Turnover rose that year from €107.4m to €256.0m.
In September 2024, the Official Gazette published the appointment of as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ELINDUS
- What is the company number of ELINDUS?
- The company number of ELINDUS is 0844.206.143. The VAT number is the same number with BE in front: BE 0844.206.143.
- Where is ELINDUS based?
- The registered office is at Meersstraat 13, 8790 Waregem.Company details
- What does ELINDUS do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of ELINDUS?
- ELINDUS is a public limited company (NV).
- When was ELINDUS founded?
- ELINDUS was founded on 24-02-2012.
- Is ELINDUS still active?
- Yes, ELINDUS is an active enterprise in the KBO register.
- How many employees does ELINDUS have?
- ELINDUS had an average of 54.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ELINDUS fall under?
- In its 30-09-2025 annual accounts, ELINDUS states joint committee 326 (Gas and electricity).
- What is the turnover of ELINDUS?
- The turnover of ELINDUS was €382.6m in financial year 2025, according to the filed annual accounts.
- Is ELINDUS profitable?
- In financial year 2025, ELINDUS made a profit of €18.0m.
- Where can I find the annual accounts of ELINDUS?
- ELINDUS filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ELINDUS due?
- ELINDUS must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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