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 25 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ELGECE from Deinze, company number BE0431186972, closed financial year 2025 with a result of € -20,040 after tax. For that financial year ELGECE recorded a gross margin of € 4,240 and equity of € -50,440. Compared with financial year 2024, the result moved from € -25,177 to € -20,040. 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 July 30, 2026.
€ -50,440
▼ € 20,040 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -20,040
▲ 20 % less loss than in 2024
Profit after tax over the fiscal year.
€ 15,543
▼ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -112,440.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 479
▼ 63% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 300,000
Loans from banks and other lenders, long and short.
€ 1,303
▲ 30% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 16,845 | € 21,182 | € -449 | € 4,240 | ▲ € 4,689 |
| Profit after taxes | € -23,395 | € -3,192 | € -25,177 | € -20,040 | ▲ € 5,137 |
| Equity | € -2,031 | € -5,223 | € -30,400 | € -50,440 | ▼ € 20,040 |
| Total debts | € 377,879 | € 360,783 | € 370,608 | € 370,963 | |
| Cash | € 11,088 | € 5,510 | € 16,507 | € 15,543 | ▼ 6% |
| Land & buildings | € 95,574 | € 95,574 | € 95,574 | € 95,574 | |
| Retained profit | € -64,031 | € -67,223 | € -92,400 | € -112,440 | ▼ € 20,040 |
| Bank debt | € 0 | € 200,000 | € 300,000 | € 300,000 | |
| Balance sheet total | € 408,768 | € 383,340 | € 362,848 | € 338,024 | ▼ 7% |
Key figures of ELGECE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ELGECE?
What happened at ELGECE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 20,040. Source: NBB ↗
- New establishment in Deinze. KBO
- Start of the company according to the CBE. KBO
In short
From € 23,395 loss in 2022 to € 20,040 loss in 2025.
Management
Behind ELGECE is Martin De Vos.
Directors
According to the 2025 annual accounts
Martin De Vos
Director
Establishments
Establishment units
Physical locations of this company
Emiel Clauslaan 123
9800 Deinze
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0431.186.972
- VAT number
- BE 0431.186.972
- Registered office
- Emiel Clauslaan 123, 9800 Deinze
- Names & denominations
- ELGECE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 May 1987
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
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