Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 5.7 to 4.3.
Financials
Financial year 2024
E.L.C-S.V.C from Tielt-Winge, company number BE0448515924, closed financial year 2024 with a result of € 25,826 after tax. For that financial year E.L.C-S.V.C recorded a gross margin of € 327,829 and equity of € 1 million. Compared with financial year 2023, the result moved from € 43,553 to € 25,826. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2025.
€ 1 million
▲ 3% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 25,826
▼ 41% vs 2023
Profit after tax over the fiscal year.
€ 48,771
▼ 43% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 763,084.
People and assets in 2024
4.3
▼ 0.8 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 222,785
▼ 13% vs 2023
€ 51,800 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.
€ 57,451
▼ 6% vs 2023
Of which on lease € 28,773.
Debts at end 2024
€ 476,560
▲ 4% vs 2023
€ 45,378 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 389,293
▼ 26% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 56,080
▼ 4% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 307,335 | € 383,508 | € 380,306 | € 327,829 | ▼ 14% |
| Profit after taxes | € 50,095 | € 52,224 | € 43,553 | € 25,826 | ▼ 41% |
| Equity | € 882,981 | € 935,204 | € 978,758 | € 1,004,584 | ▲ 3% |
| Total debts | € 593,561 | € 1,129,737 | € 1,055,379 | € 934,905 | ▼ 11% |
| Cash | € 68,707 | € 287,163 | € 85,853 | € 48,771 | ▼ 43% |
| Retained profit | € 641,481 | € 693,704 | € 737,258 | € 763,084 | ▲ 4% |
| Bank debt | € 52,808 | € 349,157 | € 456,851 | € 476,560 | ▲ 4% |
| Balance sheet total | € 1,476,542 | € 2,064,942 | € 2,034,137 | € 1,939,489 | ▼ 5% |
| Employees (FTE) | 5.2 | 5.7 | 5.1 | 4.3 | ▼ 0.8 |
Key figures of E.L.C-S.V.C, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to E.L.C-S.V.C?
What happened at E.L.C-S.V.C in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- DENISE PIOT stepped down as director. NBB
- BART WILLEMS stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 25,826 (▼ 41% vs 2023). filed late Source: NBB ↗
- DENISE PIOT became a director. NBB
- BART WILLEMS became a director. NBB
- New establishment in Tielt-Winge. KBO
- Start of the company according to the CBE. KBO
In short
From € 50,095 profit in 2021 to € 25,826 profit in 2024.
Paid € 65,680 in corporate taxes since 2021.
Best year ever: 2022, with € 52,224 profit.
On average € 76,200 of value added per employee in 2024.
Management
It owns 94.7% of E.L.C itself.
Directors
According to the 2024 annual accounts
DENISE PIOT
Director
since 2023 · until 2029
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Leuvensesteenweg 4
3390 Tielt-Winge
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
- 0448.515.924
- VAT number
- BE 0448.515.924
- Registered office
- Leuvensesteenweg 4, 3390 Tielt-Winge
- Names & denominations
- E.L.C-S.V.C
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 November 1992
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- [email protected] 0476534729
- Activities · NACE
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Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2
Groothandel in installatiemateriaal voor loodgieterswerk en verwarming
Groothandel in loodgietersmateriaal en verwarmingsinstallaties
Landschapsverzorging
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde werkzaamheden in de bouw
Diensten in verband met de landbouw; aanleg en onderhoud van tuinen en parken
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