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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Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ELSIMA from Tienen, company number BE0434265733, closed financial year 2025 with a result of € -44,408 after tax. For that financial year ELSIMA recorded a gross margin of € 101,138 and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 5,911 to € -44,408. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ 1.5 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -44,408
▼ still € 5,911 profit in 2024
Profit after tax over the fiscal year.
€ 99,307
▼ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 218,365.
People and assets in 2025
€ 16,321
▲ 256% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 19,504
▲ 206% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,940
▼ 10% 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 | € 104,605 | € 74,229 | € 208,157 | € 101,138 | ▼ 51% |
| Profit after taxes | € 1,586 | € -20,435 | € 5,911 | € -44,408 | ▼ € 50,319 |
| Equity | € 2,416,764 | € 2,396,329 | € 1,502,240 | € 1,457,833 | ▼ 3% |
| Total debts | € 5,778 | € 11,347 | € 322,649 | € 272,965 | ▼ 15% |
| Cash | € 114,080 | € 110,388 | € 134,256 | € 99,307 | ▼ 26% |
| Land & buildings | € 1,744,510 | € 1,674,168 | € 1,640,941 | € 1,569,135 | ▼ 4% |
| Retained profit | € 277,297 | € 256,862 | € 262,773 | € 218,365 | ▼ 17% |
| Balance sheet total | € 2,422,542 | € 2,407,676 | € 1,824,889 | € 1,730,798 | ▼ 5% |
Key figures of ELSIMA, 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 ELSIMA?
What happened at ELSIMA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 44,408 (▼ € 50,319 vs 2024). Source: NBB ↗
- New establishment in Tienen. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,586 profit in 2022 to € 44,408 loss in 2025.
Paid € 846 in corporate taxes since 2022.
Best year ever: 2024, with € 5,911 profit.
Management
Behind ELSIMA are ELS MOYENS and MAGDALENA ECTOR.
Directors
According to the 2025 annual accounts
ELS MOYENS
Managing director
MAGDALENA ECTOR
Director
Establishments
Establishment units
Physical locations of this company
Leuvenselaan 45
3300 Tienen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0434.265.733
- VAT number
- BE 0434.265.733
- Registered office
- Leuvenselaan 45, 3300 Tienen
- Names & denominations
- ELSIMA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 May 1988
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- [email protected]
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen