What does Eltherm do?

Eltherm is a specialised building contractor in Kampenhout. Public Limited, started on 1 February 1974, 1 establishment.

What is the address of Eltherm?

The registered office of Eltherm is located at Kerkhoflaan 6-8, 1910 Kampenhout.

Is Eltherm still active?

Yes. According to the CBE (30 October 2026) Eltherm is active, legal situation “Normale toestand”, started on 1 February 1974.

Is Eltherm registered on Peppol?

Yes, Eltherm is registered on the Peppol network with ID 0208:0413930771.

What is the enterprise number of Eltherm?

The enterprise number of Eltherm is BE0413930771.

When was Eltherm founded?

Eltherm was founded on 1 February 1974.

Who are the directors of Eltherm?

According to the 2025 annual accounts, the directors of Eltherm are: Natalie Popleu, Stroeykens D. BV, Coose CommV, Coose & Co.

Is Eltherm a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 February 1974; 5 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account.

How much profit did Eltherm make in 2025?

Eltherm recorded a loss after taxes of € 135,411 in financial year 2025.

What is the revenue of Eltherm?

As a small company, Eltherm is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 661,271.

How much does an employee at Eltherm earn?

The average wage cost per full-time employee at Eltherm was € 65,900 in 2025: staff costs of € 705,100 for 10.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Eltherm have?

According to the 2025 annual accounts, Eltherm has 10.7 full-time equivalents (FTE).

Eltherm (Public Limited) - Kampenhout - BE0413930771

Dossier Eltherm, printed on 30 October 2026 from databakkes.be/en/0413930771/eltherm. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Shrinking team NBB

FTE fell two years in a row, from 15.7 to 10.7.

Financials

Financial year 2025

Eltherm from Kampenhout, company number BE0413930771, closed financial year 2025 with a result of € -135,411 after tax. For that financial year Eltherm recorded a gross margin of € 661,271 and equity of € 384,552. Compared with financial year 2024, the result moved from € -69,107 to € -135,411. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.

What it is worth Healthy

€ 384,552

▼ 26% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -135,411

▼ 96 % more loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 207,330

▲ 8% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 319,420.

People and assets in 2025

Full-time equivalents

10.7

▼ 0.7 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 705,100

▼ 11% vs 2024

€ 65,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 78,095

▼ 45% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 2 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 122,147

▼ 28% vs 2024

€ 45,784 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 288,121

▼ 8% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 6,853

▼ 79% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 1,225,830 Gross margin 2022: € 1,225,830 First fiscal year in the series	€ 1,119,529 Gross margin 2023: € 1,119,529 ▼ 9% vs 2022 (€ 1,225,830) Unfavourable step	€ 839,367 Gross margin 2024: € 839,367 ▼ 25% vs 2023 (€ 1,119,529) Unfavourable step	€ 661,271 Gross margin 2025: € 661,271 ▼ 21% vs 2024 (€ 839,367) Unfavourable step	▼ 21%
Profit after taxes	€ 84,982 Profit after taxes 2022: € 84,982 First fiscal year in the series	€ 19,794 Profit after taxes 2023: € 19,794 ▼ 77% vs 2022 (€ 84,982) Unfavourable step	€ -69,107 Profit after taxes 2024: € -69,107 ▼ € 88,901 vs 2023 (€ 19,794) Unfavourable step	€ -135,411 Profit after taxes 2025: € -135,411 ▼ € 66,304 vs 2024 (€ -69,107) Unfavourable step	▼ € 66,304
Equity	€ 569,277 Equity 2022: € 569,277 First fiscal year in the series	€ 589,070 Equity 2023: € 589,070 ▲ 3% vs 2022 (€ 569,277) Favourable step	€ 519,963 Equity 2024: € 519,963 ▼ 12% vs 2023 (€ 589,070) Unfavourable step	€ 384,552 Equity 2025: € 384,552 ▼ 26% vs 2024 (€ 519,963) Unfavourable step	▼ 26%
Total debts	€ 941,600 Total debts 2022: € 941,600 First fiscal year in the series	€ 811,557 Total debts 2023: € 811,557 ▼ 14% vs 2022 (€ 941,600) Favourable step	€ 546,670 Total debts 2024: € 546,670 ▼ 33% vs 2023 (€ 811,557) Favourable step	€ 429,704 Total debts 2025: € 429,704 ▼ 21% vs 2024 (€ 546,670) Favourable step	▼ 21%
Cash	€ 465,906 Cash 2022: € 465,906 First fiscal year in the series	€ 327,537 Cash 2023: € 327,537 ▼ 30% vs 2022 (€ 465,906) Unfavourable step	€ 192,327 Cash 2024: € 192,327 ▼ 41% vs 2023 (€ 327,537) Unfavourable step	€ 207,330 Cash 2025: € 207,330 ▲ 8% vs 2024 (€ 192,327) Favourable step	▲ 8%
Land & buildings	€ 81,253 Land & buildings 2022: € 81,253 First fiscal year in the series	€ 97,601 Land & buildings 2023: € 97,601 ▲ 20% vs 2022 (€ 81,253) Unchanged	€ 97,135 Land & buildings 2024: € 97,135 Unchanged (€ 97,601) Unchanged	€ 95,083 Land & buildings 2025: € 95,083 ▼ 2% vs 2024 (€ 97,135) Unchanged	▼ 2%
Retained profit	€ 504,145 Retained profit 2022: € 504,145 First fiscal year in the series	€ 523,939 Retained profit 2023: € 523,939 ▲ 4% vs 2022 (€ 504,145) Favourable step	€ 454,832 Retained profit 2024: € 454,832 ▼ 13% vs 2023 (€ 523,939) Unfavourable step	€ 319,420 Retained profit 2025: € 319,420 ▼ 30% vs 2024 (€ 454,832) Unfavourable step	▼ 30%
Dividend	€ 118,367 Dividend 2022: € 118,367 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 118,367) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 211,075 Bank debt 2022: € 211,075 First fiscal year in the series	€ 207,988 Bank debt 2023: € 207,988 ▼ 1% vs 2022 (€ 211,075) Favourable step	€ 170,263 Bank debt 2024: € 170,263 ▼ 18% vs 2023 (€ 207,988) Favourable step	€ 122,147 Bank debt 2025: € 122,147 ▼ 28% vs 2024 (€ 170,263) Favourable step	▼ 28%
Balance sheet total	€ 1,510,876 Balance sheet total 2022: € 1,510,876 First fiscal year in the series	€ 1,400,628 Balance sheet total 2023: € 1,400,628 ▼ 7% vs 2022 (€ 1,510,876) Unchanged	€ 1,066,633 Balance sheet total 2024: € 1,066,633 ▼ 24% vs 2023 (€ 1,400,628) Unchanged	€ 814,255 Balance sheet total 2025: € 814,255 ▼ 24% vs 2024 (€ 1,066,633) Unchanged	▼ 24%
Employees (FTE)	18.7 Employees (FTE) 2022: 18.7 First fiscal year in the series	15.7 Employees (FTE) 2023: 15.7 ▼ 3 vs 2022 (18.7) Unchanged	11.4 Employees (FTE) 2024: 11.4 ▼ 4.3 vs 2023 (15.7) Unchanged	10.7 Employees (FTE) 2025: 10.7 ▼ 0.7 vs 2024 (11.4) Unchanged	▼ 0.7

Key figures of Eltherm, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to Eltherm?

What happened at Eltherm in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2030 Natalie Popleu stepped down as director. NBB
2030 Stroeykens D. BV stepped down as director. NBB
2030 Coose CommV stepped down as director. NBB
2030 Coose & Co stepped down as director. NBB
Jul 10, 2026 New annual accounts for financial year 2025: loss of € 135,411. Source: NBB ↗
2023 Natalie Popleu became a director. NBB
2023 Stroeykens D. BV became a director. NBB
2023 Coose CommV became a director. NBB

In short

From € 84,982 profit in 2022 to € 135,411 loss in 2025.

Paid € 50,501 in corporate taxes since 2022.

Best year ever: 2022, with € 84,982 profit.

On average € 61,800 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

John Coose 50%

Stroeykens D. bvba 49.6%

André Popleu 0.4%

Eltherm

The shares are held by John Coose (50%), Stroeykens D. bvba (49.6%) and André Popleu (0.4%).

Directors

According to the 2025 annual accounts

Natalie Popleu

Director

since 2023 · until 2030

Stroeykens D. BV

Director · represented by André Popleu

since 2023 · until 2030

Coose CommV

Managing director · represented by John Coose

since 2023 · until 2030

Coose & Co

Director · represented by Roel Coose

since 2023 · until 2030

Shareholders

John Coose

50%

Stroeykens D. bvba

49.6%

André Popleu

0.4%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Kerkhoflaan 6-8

1910 Kampenhout

2.009.810.801

Kerkhoflaan 6 8

1910 Kampenhout

Active since 14 February 1974

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0413.930.771

VAT number

BE 0413.930.771

Registered office

Kerkhoflaan 6-8, 1910 Kampenhout

Names & denominations

Eltherm

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

1 February 1974

Peppol

Active · Active since 5 Jan 2026

Activities · NACE

Installatie van isolatie

Isolatiewerkzaamheden

View on CBE Public ↗ Annual accounts (NBB) ↗

Eltherm

Warning lights

Financials

What happened to Eltherm?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Details

Frequently asked questions