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 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
ELMEC from Gent, company number BE0424019959, closed financial year 2024 with a result of € -4,431 after tax. For that financial year ELMEC recorded a gross margin of € 5,351 and equity of € -2,345. Compared with financial year 2023, the result moved from € -3,847 to € -4,431. 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 August 29, 2025.
€ -2,345
▼ € 4,431 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,431
▼ 15 % more loss than in 2023
Profit after tax over the fiscal year.
€ 27
▼ 97% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -20,937.
Debts at end 2024
€ 56,423
▼ 12% vs 2023
€ 7,661 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 1,587
▲ € 1,241 vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 5,657 | € 5,554 | € 5,392 | € 5,351 | ▼ 1% |
| Profit after taxes | € -4,556 | € -5,100 | € -3,847 | € -4,431 | ▼ € 584 |
| Equity | € 11,033 | € 5,933 | € 2,086 | € -2,345 | ▼ € 4,431 |
| Total debts | € 135,742 | € 135,729 | € 134,676 | € 133,162 | ▼ 1% |
| Cash | € 985 | € 872 | € 972 | € 27 | ▼ 97% |
| Land & buildings | € 140,000 | € 135,000 | € 130,000 | € 125,000 | ▼ 4% |
| Retained profit | € -7,559 | € -12,659 | € -16,506 | € -20,937 | ▼ € 4,431 |
| Bank debt | € 77,765 | € 70,977 | € 64,430 | € 56,423 | ▼ 12% |
| Balance sheet total | € 146,775 | € 141,662 | € 136,762 | € 130,817 | ▼ 4% |
Key figures of ELMEC, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to ELMEC?
What happened at ELMEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 4,431. filed late Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,556 loss in 2021 to € 4,431 loss in 2024.
Management
Behind ELMEC are FRANK VAN HECKE, ETIENNE VAN HECKE and LUCRECE DE SCHOENMACKER. ETIENNE VAN HECKE is also behind Frank Van Hecke. LUCRECE DE SCHOENMACKER is also behind Frank Van Hecke.
Directors
According to the 2024 annual accounts
FRANK VAN HECKE
Director
Establishments
Establishment units
Physical locations of this company
Drieselstraat 53
9041 Gent
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
- 0424.019.959
- VAT number
- BE 0424.019.959
- Registered office
- Drieselstraat 53, 9041 Gent
- Names & denominations
- ELMEC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 February 1983
- Peppol
- Active · Active since 18 Sept 2026
- Activities · NACE
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