Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
ELCEMA from Sint-Katelijne-Waver, company number BE0419817285, closed financial year 2026 with a result of € 19,433 after tax. For that financial year ELCEMA recorded a gross margin of € 40,374 and equity of € 246,369. Compared with financial year 2025, the result moved from € 23,649 to € 19,433. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 1, 2026.
€ 246,369
▲ 9% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 19,433
▼ 18% vs 2025
Profit after tax over the fiscal year.
€ 31,522
▼ 5% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 184,369.
People and assets in 2026
€ 959
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 150,000
▼ 40% vs 2025
Loans from banks and other lenders, long and short.
€ 2,681
▼ 31% vs 2025
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € -29,473 | € 10,454 | € 46,340 | € 40,374 | ▼ 13% |
| Profit after taxes | € -38,519 | € 14,887 | € 23,649 | € 19,433 | ▼ 18% |
| Equity | € 571,200 | € 203,287 | € 226,936 | € 246,369 | ▲ 9% |
| Total debts | € 187,860 | € 543,655 | € 514,005 | € 484,943 | ▼ 6% |
| Cash | € 45,347 | € 64,201 | € 33,046 | € 31,522 | ▼ 5% |
| Retained profit | € 509,200 | € 141,287 | € 164,936 | € 184,369 | ▲ 12% |
| Bank debt | € 0 | € 287,800 | € 250,000 | € 150,000 | ▼ 40% |
| Balance sheet total | € 759,059 | € 746,942 | € 740,941 | € 731,312 | ▼ 1% |
Key figures of ELCEMA, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to ELCEMA?
What happened at ELCEMA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Cedric Maldoy stepped down as director. NBB
- Eline Maldoy stepped down as director. NBB
- Martine Agnes Verworst stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 19,433 (▼ 18% vs 2025). Source: NBB ↗
- Cedric Maldoy became a director. NBB
- Eline Maldoy became a director. NBB
- Martine Agnes Verworst became a director. NBB
- New establishment in Sint-Katelijne-Waver. KBO
In short
From € 38,519 loss in 2023 to € 19,433 profit in 2026.
Best year ever: 2025, with € 23,649 profit.
Management
It owns 100% of Maldoy itself.
Directors
According to the 2026 annual accounts
Cedric Maldoy
Director
since 2023 · until 2029
Eline Maldoy
Director
since 2023 · until 2029
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Dreefvelden 15
2860 Sint-Katelijne-Waver
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
TELENET-AS, BE
Domain
Domain
maldoy.com
Registered
2004-04-26
Registrar
One.com A/S
Expires
2026-04-26
Website info
Features
Security
Details
- Company number
- 0419.817.285
- VAT number
- BE 0419.817.285
- Registered office
- Dreefvelden 15, 2860 Sint-Katelijne-Waver
- Names & denominations
- ELCEMA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 September 1979
- Peppol
- Active · Active since 30 Oct 2025
- Contact
- maldoy.com
- Activities · NACE
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