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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Elgi from Lokeren, company number BE0422233872, closed financial year 2025 with a result of € -888 after tax. For that financial year Elgi recorded a gross margin of € 303 and equity of € -53,618. Compared with financial year 2024, the result moved from € -7,170 to € -888. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 5, 2026.
€ -53,618
▼ € 888 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -888
▲ 88 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1,891
▼ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -72,210.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 957
▲ € 759 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,058
▲ 20% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -7,394 | € -4,094 | € -5,704 | € 303 | ▲ € 6,007 |
| Profit after taxes | € -8,462 | € -5,083 | € -7,170 | € -888 | ▲ € 6,283 |
| Equity | € -40,477 | € -45,560 | € -52,731 | € -53,618 | ▼ € 888 |
| Total debts | € 52,907 | € 56,655 | € 62,613 | € 59,590 | ▼ 5% |
| Cash | € 4,104 | € 2,950 | € 2,545 | € 1,891 | ▼ 26% |
| Retained profit | € -59,069 | € -64,152 | € -71,323 | € -72,210 | ▼ € 888 |
| Balance sheet total | € 12,430 | € 11,095 | € 9,882 | € 5,971 | ▼ 40% |
Key figures of Elgi, fiscal years 2022 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 Elgi?
What happened at Elgi in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 888. filed late Source: NBB ↗
- Bob Maes became a director. NBB
- Gino Van Kerschaver stepped down as director. NBB
- New establishment in Hamme (Vl.). KBO
- Start of the company according to the CBE. KBO
In short
From € 8,462 loss in 2022 to € 888 loss in 2025.
Management
Behind Elgi is Bob Maes.
Directors
According to the 2025 annual accounts
Bob Maes
Director
since 2025
Gino Van Kerschaver
Director
· until 2025
Establishments
Establishment units
Physical locations of this company
Brielmolenstraat 54
9160 Lokeren
Geemstraat 18
9220 Hamme (Vl.)
Active since 1 January 1982
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0422.233.872
- VAT number
- BE 0422.233.872
- Registered office
- Brielmolenstraat 54, 9160 Lokeren
- Names & denominations
- Elgi
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 1981
- Peppol
- Active · Active since 5 Feb 2026
- Activities · NACE
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