Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 61 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ELEM from Montigny-le-Tilleul, company number BE0420994450, closed financial year 2025 with a result of € -376,239 after tax. For that financial year ELEM recorded revenue of € 16.9 million and equity of € 4.2 million. Compared with financial year 2024, the result moved from € 245,169 to € -376,239. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on February 18, 2026.
€ 4.2 million
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -376,239
▼ still € 245,169 profit in 2024
Profit after tax over the fiscal year.
€ 851,198
▼ 56% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3.6 million.
People and assets in 2025
39.8
▲ 2.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2 million
▼ 25% vs 2024
€ 50,800 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.
€ 188,271
▼ 10% vs 2024
Of which on lease € 111,176.
Debts at end 2025
€ 5.9 million
▲ 1% vs 2024
€ 123,008 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.1 million
▼ 68% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 26 days on average.
€ 577,500
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 15,882,834 | € 20,237,231 | € 27,411,264 | € 16,887,036 | ▼ 38% |
| Profit after taxes | € -57,375 | € 220,475 | € 245,169 | € -376,239 | ▼ € 621,408 |
| Equity | € 4,526,735 | € 4,532,850 | € 4,537,143 | € 4,160,904 | ▼ 8% |
| Total debts | € 10,892,656 | € 9,880,831 | € 10,161,601 | € 7,815,394 | ▼ 23% |
| Cash | € 702,737 | € 1,637,467 | € 1,919,173 | € 851,198 | ▼ 56% |
| Land & buildings | € 144,653 | € 161,864 | € 156,817 | € 172,727 | ▲ 10% |
| Retained profit | € 3,956,580 | € 3,962,695 | € 3,966,988 | € 3,590,749 | ▼ 9% |
| Dividend | € 0 | € 189,360 | € 199,880 | € 0 | ▼ 100% |
| Bank debt | € 8,504,687 | € 5,993,422 | € 5,913,804 | € 5,947,974 | ▲ 1% |
| Balance sheet total | € 15,470,562 | € 14,470,949 | € 14,770,167 | € 12,042,699 | ▼ 18% |
| Employees (FTE) | 38.1 | 36.8 | 37.4 | 39.8 | ▲ 2.4 |
Key figures of ELEM, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to ELEM?
What happened at ELEM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 376,239 (▼ € 621,408 vs 2024). filed late Source: NBB ↗
- New establishment in Charleroi. KBO
- New establishment in Montigny-le-Tilleul. KBO
- Start of the company according to the CBE. KBO
In short
From € 57,375 loss in 2021 to € 376,239 loss in 2025.
Paid € 207,595 in corporate taxes since 2021.
Best year ever: 2024, with € 245,169 profit.
Paid out € 389,240 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of FINANCES ET TECHNIQUES Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ELEMBehind ELEM are Pierre Joostens, Mathieu Joostens and Frédéric Philippe. The shares are held by FINANCES ET TECHNIQUES Holding (88.6%).
Directors
According to the 2025 annual accounts
Pierre Joostens
Director
Also active at: FINANCES ET TECHNIQUES Holding, FINANCES ET TECHNIQUES Gestion
Mathieu Joostens
Managing director
Frédéric Philippe
Director
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Gozée 81
6110 Montigny-le-Tilleul
Zone Lumat - Port autonome -
6061 Charleroi
Active since 1 March 2007
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Details
- Company number
- 0420.994.450
- VAT number
- BE 0420.994.450
- Registered office
- Rue de Gozée 81, 6110 Montigny-le-Tilleul
- Names & denominations
- ELEM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 November 1980
- Peppol
- Active · Active since 29 Dec 2025
- Activities · NACE
Vervaardiging van hydraulische en pneumatische apparatuur
Vervaardiging van pompen en compressoren
Handelsbemiddeling in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen
Niet-gespecialiseerde groothandel
Handelsbemiddeling in de groothandel in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen