Summary
Elsec is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €9.9m and a net result of €6.1m. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 90% of 6617 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Group and network
Holdings and subsidiaries
1 holding · 3 subsidiaries in the treeHoldings 1
- J&BE InvestsubsidiaryEquity €11.3mResult €18.6m60%
All subsidiaries, including indirect ones 3
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
J&BE Invest 60%2 subsidiaries
- J&BE Immo 99.99%
- L&C Ventures 85%
According to the 2025 annual accounts of Elsec and those of the other companies, the acts in the Belgian Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Companies Code and the parent companies that consolidate it. 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
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