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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Shrinking team NBB
FTE fell two years in a row, from 52.4 to 45.5.
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Figures corrected NBB
Corrected annual account filed for 2025.
Financials
Financial year 2025
ELNOR MOTORS from Haacht, company number BE0429096029, closed financial year 2025 with a result of € 630,823 after tax. For that financial year ELNOR MOTORS recorded a gross margin of € 3.9 million and equity of € 4.6 million. Compared with financial year 2024, the result moved from € -201,384 to € 630,823. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 29, 2026.
€ 4.6 million
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 630,823
▲ still € 201,384 loss in 2024
Profit after tax over the fiscal year.
€ 532,165
▲ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 100,000 paid out
16 % of the profit went to the shareholders, mostly to ELNOR HOLDING (100 % of the shares). That is where the money ends up.
People and assets in 2025
45.5
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.8 million
▲ 3% vs 2024
€ 61,400 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.
€ 11,645
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 145,916
▼ 9% vs 2024
€ 61,815 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 664,100
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 424,192
▲ 7% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 7,753,645 | - | |
| Gross margin | € 4,049,484 | € 3,610,704 | - | € 3,860,055 | |
| Profit after taxes | € 889,625 | € 395,786 | € -201,384 | € 630,823 | ▲ € 832,208 |
| Equity | € 4,078,626 | € 4,274,412 | € 4,073,027 | € 4,603,850 | ▲ 13% |
| Total debts | € 2,093,672 | € 1,777,701 | € 1,401,678 | € 1,349,819 | ▼ 4% |
| Cash | € 423,636 | € 1,166,591 | € 465,256 | € 532,165 | ▲ 14% |
| Retained profit | € 3,934,486 | € 4,130,272 | € 3,928,887 | € 4,459,711 | ▲ 14% |
| Dividend | € 349,650 | € 200,000 | € 0 | € 100,000 | |
| Bank debt | € 580,354 | € 465,721 | € 160,866 | € 145,916 | ▼ 9% |
| Balance sheet total | € 6,252,298 | € 6,102,113 | € 5,479,376 | € 5,953,670 | ▲ 9% |
| Employees (FTE) | 48.2 | 52.4 | 46.4 | 45.5 | ▼ 0.9 |
Key figures of ELNOR MOTORS, 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 April 2027.
What happened to ELNOR MOTORS?
What happened at ELNOR MOTORS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bart Demarsin stepped down as director. NBB
- ROS@LIA BV stepped down as director. NBB
- Waypoint Consulting BVBA stepped down as director. NBB
- Invale NV stepped down as director. NBB
- Josephus Kevelaers stepped down as director. NBB
- Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
- Bart Demarsin became a director. NBB
- ROS@LIA BV became a director. NBB
In short
From € 889,625 profit in 2022 to € 630,823 profit in 2025.
Paid € 572,974 in corporate taxes since 2022.
Best year ever: 2022, with € 889,625 profit.
On average € 84,800 of value added per employee in 2025.
Management
The stake of ELNOR HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ELNOR MOTORSThe shares are held by ELNOR HOLDING (100%).
Directors
According to the 2025 annual accounts
since 2025 · until 2031
Managing director · represented by Tom Paesmans
Also active at: ELNOR HOLDING
since 2012 · until 2028
Director · represented by Bart Deckers
Also active at: Etablissementen Armand Op De Beeck Boomkwekerijen, UNICUM TRADE BOTANICALS, STOFFELS TRADING, APS Holding, ELNOR HOLDING, Epacco Holding, PETRAEA, EPACCO +1 more
since 2022 · until 2028
Josephus Kevelaers
Director
since 2003 · until 2028
Director · represented by Alexandra Mannaerts
Also active at: Etablissementen Armand Op De Beeck Boomkwekerijen, ATHENA GRAPHICS, APS Holding, ELNOR HOLDING, Epacco Holding, PETRAEA, Nutraceutical & Orthomolecular Consulting, EPACCO
since 2025 · until 2031
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
De Costerstraat(WSP) 45
3150 Haacht
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.
Details
- Company number
- 0429.096.029
- VAT number
- BE 0429.096.029
- Registered office
- De Costerstraat(WSP) 45, 3150 Haacht
- Names & denominations
- ELNOR MOTORS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 May 1986
- Peppol
- Active · Active since 12 Nov 2025
- Activities · NACE
Vervaardiging van elektromotoren en van elektrische generatoren en transformatoren