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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Two loss years in a row NBB
Negative result in 2025 and 2026.
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Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2026; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 16.3 to 14.2.
Financials
Financial year 2026
EUROPEAN LASER APPLICATIONS SYSTEMS from Mouscron, company number BE0436952732, closed financial year 2026 with a result of € -1.2 million after tax. For that financial year EUROPEAN LASER APPLICATIONS SYSTEMS recorded revenue of € 11.1 million and equity of € 649,573. Compared with financial year 2025, the result moved from € -609,602 to € -1.2 million. The company made a loss. The buffer shrank hard: equity is 65 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 9, 2026.
€ 649,573
▼ 65% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.2 million
▼ 95 % more loss than in 2025
Profit after tax over the fiscal year.
€ 134,468
▼ 59% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2 million.
People and assets in 2026
14.2
▼ 0.5 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 9% vs 2025
€ 78,700 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.
€ 26,291
▼ 30% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 1.5 million
▲ 9% vs 2025
Loans from banks and other lenders, long and short.
€ 2.7 million
▼ 19% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 91 days on average.
€ 196,379
▼ 6% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 24,741,038 | € 21,082,284 | € 13,238,606 | € 11,061,382 | ▼ 16% |
| Profit after taxes | € -2,617 | € -259,034 | € -609,602 | € -1,188,882 | ▼ € 579,280 |
| Equity | € 2,707,091 | € 2,448,057 | € 1,838,455 | € 649,573 | ▼ 65% |
| Total debts | € 11,100,344 | € 10,502,638 | € 8,394,414 | € 8,894,584 | ▲ 6% |
| Cash | € 492,945 | € 317,576 | € 329,421 | € 134,468 | ▼ 59% |
| Land & buildings | € 366,912 | € 306,396 | € 303,800 | € 301,205 | ▼ 1% |
| Retained profit | € 60,408 | € -198,626 | € -808,229 | € -1,997,110 | ▼ € 1.2 million |
| Bank debt | € 1,191,708 | € 1,245,587 | € 1,374,243 | € 1,500,648 | ▲ 9% |
| Balance sheet total | € 13,807,435 | € 12,950,695 | € 10,232,868 | € 9,544,157 | ▼ 7% |
| Employees (FTE) | 46.9 | 16.3 | 14.7 | 14.2 | ▼ 0.5 |
Key figures of EUROPEAN LASER APPLICATIONS SYSTEMS, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to EUROPEAN LASER APPLICATIONS SYSTEMS?
What happened at EUROPEAN LASER APPLICATIONS SYSTEMS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- F.M.K. NV stepped down as director. NBB
- Haco NV stepped down as director. NBB
- New annual accounts for financial year 2026: loss of € 1.2 million. Source: NBB ↗
- F.M.K. NV became a director. NBB
- Haco NV became a director. NBB
- New establishment in Mouscron. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,617 loss in 2023 to € 1.2 million loss in 2026.
Paid € 4,657 in corporate taxes since 2023.
Pays suppliers within 91 days on average.
Management
The stake of Haco comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EUROPEAN LASER APPLICATIONS SYSTEMSThe shares are held by Haco (100%).
Directors
According to the 2026 annual accounts
Director · represented by Francky Havegeer
Also active at: Haco, HACO SERVICE COMPANY, PROMA
since 2025 · until 2031
Managing director · represented by Kurt Havegeer
Also active at: HACO TRADING COMPANY, ROBOSOFT
since 2025 · until 2031
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Slachthuisstraat 53-59
7700 Mouscron
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
- 0436.952.732
- VAT number
- BE 0436.952.732
- Registered office
- Slachthuisstraat 53-59, 7700 Mouscron
- Names & denominations
- EUROPEAN LASER APPLICATIONS SYSTEMS · ELAS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 March 1989
- Peppol
- Active · Active since 7 Dec 2025
- Activities · NACE
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Vervaardiging van niet-verspanende machines voor de metaalbewerking en van gereedschapswerktuigen voor metaalbewerking
Vervaardiging van metalen constructiewerken en delen daarvan
Vervaardiging van metalen constructiewerken en onderdelen daarvan