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 1 % 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
ELB - HOLDING from Westerlo, company number BE0446222170, closed financial year 2025 with a result of € -4,571 after tax. For that financial year ELB - HOLDING recorded a gross margin of € -3,994 and equity of € -457,672. Compared with financial year 2024, the result moved from € -803 to € -4,571. 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 January 27, 2026.
€ -457,672
▼ € 4,571 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,571
▼ 469 % more loss than in 2024
Profit after tax over the fiscal year.
€ 4,474
▼ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.4 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -2,921 | € -558 | € -177 | € -3,994 | ▼ € 3,817 |
| Profit after taxes | € -3,369 | € -1,027 | € -803 | € -4,571 | ▼ € 3,767 |
| Equity | € -451,271 | € -452,298 | € -453,102 | € -457,672 | ▼ € 4,571 |
| Total debts | € 457,473 | € 458,169 | € 458,997 | € 462,146 | ▲ 1% |
| Cash | € 6,201 | € 5,871 | € 5,895 | € 4,474 | ▼ 24% |
| Retained profit | € -1,349,885 | € -1,350,912 | € -1,351,716 | € -1,356,286 | |
| Balance sheet total | € 6,201 | € 5,871 | € 5,895 | € 4,474 | ▼ 24% |
Key figures of ELB - HOLDING, 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 January 2027.
What happened to ELB - HOLDING?
What happened at ELB - HOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4,571. Source: NBB ↗
- Stefaan HERMAN stepped down as director. NBB
- Beatrijs OCKIER stepped down as director. NBB
- New establishment in Westerlo. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,369 loss in 2022 to € 4,571 loss in 2025.
Management
Directors
According to the 2025 annual accounts
Stefaan HERMAN
Managing director
· until 2025
Beatrijs OCKIER
Managing director
· until 2025
Establishments
Establishment units
Physical locations of this company
Pappotstraat 43
2260 Westerlo
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0446.222.170
- VAT number
- BE 0446.222.170
- Registered office
- Pappotstraat 43, 2260 Westerlo
- Names & denominations
- ELB - HOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 December 1991
- Peppol
- Not registered