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 12 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ELM - CONSULT from Dendermonde, company number BE0446590572, closed financial year 2025 with a result of € -162,095 after tax. For that financial year ELM - CONSULT recorded a gross margin of € 48,324 and equity of € 362,122. Compared with financial year 2024, the result moved from € 9,786 to € -162,095. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 362,122
▼ 31% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -162,095
▼ still € 9,786 profit in 2024
Profit after tax over the fiscal year.
€ 7,192
▼ 86% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 272,880.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 46,205
▲ 4% vs 2024
€ 46,200 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.
€ 20,583
▼ 52% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.4 million
▼ 10% vs 2024
€ 55,570 is repaid this year. At this pace the long-term loan is gone in ≈ 43 years.
€ 8,281
▼ 64% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 34,118
▲ 38% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 117,481 | € 106,853 | € 114,400 | € 48,324 | ▼ 58% |
| Profit after taxes | € 125,135 | € 134,317 | € 9,786 | € -162,095 | ▼ € 171,881 |
| Equity | € 391,614 | € 525,931 | € 524,217 | € 362,122 | ▼ 31% |
| Total debts | € 3,332,795 | € 3,124,604 | € 3,238,580 | € 3,137,020 | ▼ 3% |
| Cash | € 148,694 | € 92,413 | € 51,619 | € 7,192 | ▼ 86% |
| Land & buildings | € 527,585 | € 502,619 | € 484,813 | € 459,069 | ▼ 5% |
| Retained profit | € 302,373 | € 436,689 | € 434,976 | € 272,880 | ▼ 37% |
| Bank debt | € 2,428,136 | € 2,506,919 | € 2,651,063 | € 2,387,006 | ▼ 10% |
| Balance sheet total | € 3,748,166 | € 3,672,353 | € 3,782,678 | € 3,517,084 | ▼ 7% |
| Employees (FTE) | 1 | 1 | 1 | 1 |
Key figures of ELM - CONSULT, 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 ELM - CONSULT?
What happened at ELM - CONSULT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 162,095 (▼ € 171,881 vs 2024). filed late Source: NBB ↗
- New establishment in Dendermonde. KBO
- Start of the company according to the CBE. KBO
In short
From € 125,135 profit in 2022 to € 162,095 loss in 2025.
Paid € 21,491 in corporate taxes since 2022.
Best year ever: 2023, with € 134,317 profit.
On average € 48,300 of value added per employee in 2025.
Management
Behind ELM - CONSULT are Sabine Rahe and Andries Busschaert. It owns 50% of Alsolar Invest, 33.3% of LED's Invent light ltd and 18.3% of Voltron itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Cyriel De Baerestraat(BAA) 14
9200 Dendermonde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0446.590.572
- VAT number
- BE 0446.590.572
- Registered office
- Cyriel De Baerestraat(BAA) 14, 9200 Dendermonde
- Names & denominations
- ELM - CONSULT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 February 1992
- Peppol
- Active · Active since 8 Feb 2026
- Activities · NACE
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