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 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
TEN ELZAS from Oudenaarde, company number BE0439479581, closed financial year 2025 with a result of € -983 after tax. For that financial year TEN ELZAS recorded a gross margin of € 154 and equity of € 15,127. Compared with financial year 2024, the result moved from € -1,037 to € -983. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ 15,127
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -983
▲ 5 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2,393
▲ 91% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3,465.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 865
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,242 | € 1,344 | € 64 | € 154 | ▲ 139% |
| Profit after taxes | € 252 | € 274 | € -1,037 | € -983 | ▲ € 54 |
| Equity | € 16,874 | € 17,147 | € 16,110 | € 15,127 | ▼ 6% |
| Total debts | € 64,117 | € 64,002 | € 66,040 | € 68,162 | ▲ 3% |
| Cash | € 95 | € 254 | € 1,255 | € 2,393 | ▲ 91% |
| Land & buildings | € 80,896 | € 80,896 | € 80,896 | € 80,896 | |
| Retained profit | € -1,718 | € -1,445 | € -2,482 | € -3,465 | ▼ € 983 |
| Balance sheet total | € 80,991 | € 81,150 | € 82,150 | € 83,289 | ▲ 1% |
Key figures of TEN ELZAS, 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 March 2027.
What happened to TEN ELZAS?
What happened at TEN ELZAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 983. filed late Source: NBB ↗
- New establishment in Maarkedal. KBO
- Start of the company according to the CBE. KBO
In short
From € 252 profit in 2022 to € 983 loss in 2025.
Best year ever: 2023, with € 274 profit.
Management
Behind TEN ELZAS is Alex Van Malleghem. Alex Van Malleghem is also behind Belgian Feed Association, MOLENS VAN MALLEGHEM, SLUISCORPORATION, ALNATRA and FRANSON.
Directors
According to the 2025 annual accounts
Alex Van Malleghem
Director
Also active at: Belgian Feed Association, MOLENS VAN MALLEGHEM, SLUISCORPORATION, ALNATRA, FRANSON
Establishments
Establishment units
Physical locations of this company
Meersbloem-Melden 36
9700 Oudenaarde
Kleistraat 4
9680 Maarkedal
Active since 12 April 1990
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
- 0439.479.581
- VAT number
- BE 0439.479.581
- Registered office
- Meersbloem-Melden 36, 9700 Oudenaarde
- Names & denominations
- TEN ELZAS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 December 1989
- Peppol
- Not registered