ELPEDO
InactiveInactive; 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 30-06-2025 was due by 31-01-2026 and was filed on 22-12-2025, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
40 d early
2024
45 d early
2023
40 d early
2022
40 d early
2021
10 d early
2020
10 d early
2019
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 29 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€478,512▲ 4.2%
2024 · €459,190
Total assets
€856,841▼ 2.4%
2024 · €877,476
Net result
€19,322▼ 53.2%
2024 · €41,329
Working capital
-€361,370▲ 8.2%
2024 · -€393,624
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
Line20212022202320242025
Operating result€36,153▼ 44.5%€70,358▲ 94.6%€54,583▼ 22.4%€68,529▲ 25.6%€32,170▼ 53.1%
Net result€10,868▼ 67.8%€41,714▲ 284%€34,964▼ 16.2%€41,329▲ 18.2%€19,322▼ 53.2%
Equity€341,183▲ 3.3%€382,897▲ 12.2%€417,861▲ 9.1%€459,190▲ 9.9%€478,512▲ 4.2%
Total assets€1.0m▼ 1.8%€935,481▼ 7.4%€905,297▼ 3.2%€877,476▼ 3.1%€856,841▼ 2.4%
Debt€669,043▼ 4.2%€552,584▼ 17.4%€487,436▼ 11.8%€418,286▼ 14.2%€378,329▼ 9.6%
Working capital-€469,965▲ 1.4%-€431,089▲ 8.3%-€416,828▲ 3.3%-€393,624▲ 5.6%-€361,370▲ 8.2%
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 53% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €856,841
Fixed assets
€839,882 ▼ 2.0%
Current assets
€16,959 ▼ 16.4%
Equity and liabilities €856,841
Equity
€478,512 ▲ 4.2%
Debt
€378,329 ▼ 9.6%
Debt's share of the balance-sheet total falls from 47.7% to 44.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49,468▼
2024 · €103,126
Cash flow
€36,620▼
2024 · €75,925
Current ratio
0.04▼
2024 · 0.05
Debt to equity
0.79▼
2024 · 0.91
ROE
4.0%▼
2024 · 9.0%
ROA
2.3%▼
2024 · 4.7%
Interest coverage
9.04▲
2024 · 7.96
Debt ≤ 1 year
€378,329▼
2024 · €413,919
Debt > 1 year
€0▼
2024 · €3,947
Income taxes
€7,376▼
2024 · €14,243
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,856 | €44,856 | €34,102 | €34,597 | €17,298 | ▼ 50.0% |
| Other operating charges640/8 | - | €2,914 | €2,471 | €2,264 | €1,300 | ▼ 42.6% |
| Gross operating margin9900 | €83,350 | €118,129 | €91,156 | €105,390 | €50,768 | ▼ 51.8% |
| Operating profit (loss)9901 | €36,153 | €70,358 | €54,583 | €68,529 | €32,170 | ▼ 53.1% |
| Financial charges65/66B | - | €12,583 | €7,164 | €12,958 | €5,473 | ▼ 57.8% |
| Recurring financial charges65 | €15,861 | €12,583 | €7,164 | €12,958 | €5,473 | ▼ 57.8% |
| Profit (loss) for the period before taxes9903 | €20,292 | €57,775 | €47,418 | €55,572 | €26,697 | ▼ 52.0% |
| Income taxes67/77 | €9,424 | €16,061 | €12,454 | €14,243 | €7,376 | ▼ 48.2% |
| Profit (loss) for the period9904 | €10,868 | €41,714 | €34,964 | €41,329 | €19,322 | ▼ 53.2% |
| Profit (loss) for the period to be appropriated9905 | €10,868 | €41,714 | €34,964 | €41,329 | €19,322 | ▼ 53.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €935,481 | €905,297 | €877,476 | €856,841 | ▼ 2.4% |
| Fixed assets21/28 | €967,340 | €922,484 | €891,777 | €857,180 | €839,882 | ▼ 2.0% |
| Tangible fixed assets22/27 | €967,340 | €922,484 | €891,777 | €857,180 | €839,882 | ▼ 2.0% |
| Land and buildings22 | - | €922,484 | €891,777 | €857,180 | €839,882 | ▼ 2.0% |
| Furniture and vehicles24 | - | €0 | - | - | - | - |
| Current assets29/58 | €42,885 | €12,997 | €13,520 | €20,296 | €16,959 | ▼ 16.4% |
| Amounts receivable within one year40/41 | €12,938 | €3,729 | €0 | - | €1,778 | - |
| Trade receivables40 | - | €3,729 | €0 | - | - | - |
| Other amounts receivable41 | - | €0 | - | - | €1,778 | - |
| Cash at bank and in hand54/58 | €15,766 | €8,272 | €12,466 | €19,170 | €15,181 | ▼ 20.8% |
| Deferred charges and accrued income490/1 | - | €997 | €1,054 | €1,125 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €935,481 | €905,297 | €877,476 | €856,841 | ▼ 2.4% |
| Equity10/15 | €341,183 | €382,897 | €417,861 | €459,190 | €478,512 | ▲ 4.2% |
| Contributions10/11 | €309,867 | €309,867 | €309,867 | €309,867 | €309,867 | = |
| Capital10 | - | €309,867 | €309,867 | €309,867 | €309,867 | = |
| Issued capital100 | - | €309,867 | €309,867 | €309,867 | €309,867 | = |
| Reserves13 | €31,316 | €73,030 | €107,995 | €149,323 | €168,645 | ▲ 12.9% |
| Non-distributable reserves130/1 | - | €3,652 | €5,400 | €5,400 | €5,400 | = |
| Legal reserve130 | - | €3,652 | €5,400 | €5,400 | €5,400 | = |
| Distributable reserves133 | - | €69,379 | €102,595 | €143,923 | €163,245 | ▲ 13.4% |
| Amounts payable17/49 | €669,043 | €552,584 | €487,436 | €418,286 | €378,329 | ▼ 9.6% |
| Amounts payable after more than one year17 | €147,976 | €96,281 | €50,686 | €3,947 | €0 | ▼ 100% |
| Financial debts170/4 | - | €96,281 | €50,686 | €3,947 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €512,850 | €444,086 | €430,349 | €413,919 | €378,329 | ▼ 8.6% |
| Current portion of amounts payable after more than one year42 | - | €51,695 | €45,595 | €46,739 | €27,461 | ▼ 41.2% |
| Trade debts44 | €7,089 | €231 | €0 | €401 | €729 | ▲ 81.9% |
| Suppliers440/4 | - | €231 | €0 | €401 | €729 | ▲ 81.9% |
| Taxes, remuneration and social security45 | - | €5,224 | €14,626 | €6,648 | €15,250 | ▲ 129% |
| Taxes450/3 | - | €5,224 | €14,626 | €6,648 | €15,250 | ▲ 129% |
| Other amounts payable47/48 | - | €386,936 | €370,128 | €360,131 | €334,889 | ▼ 7.0% |
| Accrued charges and deferred income492/3 | - | €12,217 | €6,401 | €419 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,868 | €41,714 | €34,964 | €41,329 | €19,322 | ▼ 53.2% |
| + Depreciation and write-downs630 | €44,856 | €44,856 | €34,102 | €34,597 | €17,298 | ▼ 50.0% |
| Operating cash flow (approximation) | €55,724 | €86,570 | €69,066 | €75,925 | €36,620 | ▼ 51.8% |
| Investment in fixed assets (approximation) | - | €0 | -€3,395 | €0 | €0 | - |
| Change in cash | - | -€7,494 | €4,194 | €6,704 | -€3,990 | ▼ 160% |
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
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Highest result since 2019net €41,714 ▲284%
Operating result €70,358, net result €41,714, both a record.
21-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Weakest financial yearnet €10,868 ▼67.8%
Net result drops to €10,868, the lowest in the series.
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
16-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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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Structure & network
Owners and holdings
1 ownerChain of control
- PHILAX
- ELPEDO
Highest known parent: PHILAX. The sources do not say who stands above it.
Owners 1
- PHILAXparentSourceaccounts PHILAX 202199.92%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.