What does ELSELEEN do?

ELSELEEN is a property company in Aalter. Public Limited, started on 1 July 1993, 1 establishment.

What is the address of ELSELEEN?

The registered office of ELSELEEN is located at Kraenepoelpad 19, 9880 Aalter.

Is ELSELEEN still active?

Yes. According to the CBE (29 October 2026) ELSELEEN is active, legal situation “Normale toestand”, started on 1 July 1993.

Is ELSELEEN registered on Peppol?

Yes, ELSELEEN is registered on the Peppol network with ID 0208:0450478193.

What is the enterprise number of ELSELEEN?

The enterprise number of ELSELEEN is BE0450478193.

When was ELSELEEN founded?

ELSELEEN was founded on 1 July 1993.

Who are the directors of ELSELEEN?

According to the 2025 annual accounts, the directors of ELSELEEN are: Leen VANDENBUSSCHE, Griet VANDERMEERSCH, CELSUS NV.

Is ELSELEEN a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 July 1993; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did ELSELEEN make in 2025?

ELSELEEN posted a profit after taxes of € 595,826 in financial year 2025.

What is the revenue of ELSELEEN?

As a small company, ELSELEEN is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 3,147,951.

How much does an employee at ELSELEEN earn?

The average wage cost per full-time employee at ELSELEEN was € 36,200 in 2025: staff costs of € 173,826 for 4.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does ELSELEEN have?

According to the 2025 annual accounts, ELSELEEN has 4.8 full-time equivalents (FTE).

ELSELEEN (Public Limited) - Aalter - BE0450478193

Dossier ELSELEEN, printed on 29 October 2026 from databakkes.be/en/0450478193/elseleen. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

ELSELEEN from Aalter, company number BE0450478193, closed financial year 2025 with a result of € 595,826 after tax. For that financial year ELSELEEN recorded a gross margin of € 3.1 million and equity of € 6.7 million. Compared with financial year 2024, the result moved from € 622,931 to € 595,826. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 24, 2026.

What it is worth Growing

€ 6.7 million

▲ 6% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 595,826

▼ 4% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 323,694

▼ 4% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 200,000 paid out

34 % of the profit went to the shareholders, mostly to CELSUS NV (100 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

4.8

▼ 0.2 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 173,826

▲ 12% vs 2024

€ 36,200 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.

Vehicles and equipment

€ 70,709

▼ 36% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 7 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 16.2 million

▼ 9% vs 2024

€ 1.7 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.

Owed to suppliers

€ 153,592

▼ 67% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 35,652

▲ 17% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 2,716,448 Gross margin 2022: € 2,716,448 First fiscal year in the series	€ 2,859,727 Gross margin 2023: € 2,859,727 ▲ 5% vs 2022 (€ 2,716,448) Favourable step	€ 3,177,568 Gross margin 2024: € 3,177,568 ▲ 11% vs 2023 (€ 2,859,727) Favourable step	€ 3,147,951 Gross margin 2025: € 3,147,951 ▼ 1% vs 2024 (€ 3,177,568) Unfavourable step	▼ 1%
Profit after taxes	€ 223,106 Profit after taxes 2022: € 223,106 First fiscal year in the series	€ 466,676 Profit after taxes 2023: € 466,676 ▲ 109% vs 2022 (€ 223,106) Favourable step	€ 622,931 Profit after taxes 2024: € 622,931 ▲ 33% vs 2023 (€ 466,676) Favourable step	€ 595,826 Profit after taxes 2025: € 595,826 ▼ 4% vs 2024 (€ 622,931) Unfavourable step	▼ 4%
Equity	€ 5,654,272 Equity 2022: € 5,654,272 First fiscal year in the series	€ 5,920,947 Equity 2023: € 5,920,947 ▲ 5% vs 2022 (€ 5,654,272) Favourable step	€ 6,343,878 Equity 2024: € 6,343,878 ▲ 7% vs 2023 (€ 5,920,947) Favourable step	€ 6,739,704 Equity 2025: € 6,739,704 ▲ 6% vs 2024 (€ 6,343,878) Favourable step	▲ 6%
Total debts	€ 27,169,180 Total debts 2022: € 27,169,180 First fiscal year in the series	€ 26,728,403 Total debts 2023: € 26,728,403 ▼ 2% vs 2022 (€ 27,169,180) Favourable step	€ 26,584,350 Total debts 2024: € 26,584,350 ▼ 1% vs 2023 (€ 26,728,403) Favourable step	€ 25,328,102 Total debts 2025: € 25,328,102 ▼ 5% vs 2024 (€ 26,584,350) Favourable step	▼ 5%
Cash	€ 597,152 Cash 2022: € 597,152 First fiscal year in the series	€ 407,486 Cash 2023: € 407,486 ▼ 32% vs 2022 (€ 597,152) Unfavourable step	€ 337,358 Cash 2024: € 337,358 ▼ 17% vs 2023 (€ 407,486) Unfavourable step	€ 323,694 Cash 2025: € 323,694 ▼ 4% vs 2024 (€ 337,358) Unfavourable step	▼ 4%
Land & buildings	€ 31,941,740 Land & buildings 2022: € 31,941,740 First fiscal year in the series	€ 32,126,566 Land & buildings 2023: € 32,126,566 ▲ 1% vs 2022 (€ 31,941,740) Unchanged	€ 32,494,265 Land & buildings 2024: € 32,494,265 ▲ 1% vs 2023 (€ 32,126,566) Unchanged	€ 31,494,976 Land & buildings 2025: € 31,494,976 ▼ 3% vs 2024 (€ 32,494,265) Unchanged	▼ 3%
Retained profit	€ 3,997,562 Retained profit 2022: € 3,997,562 First fiscal year in the series	€ 4,264,237 Retained profit 2023: € 4,264,237 ▲ 7% vs 2022 (€ 3,997,562) Favourable step	€ 4,687,168 Retained profit 2024: € 4,687,168 ▲ 10% vs 2023 (€ 4,264,237) Favourable step	€ 5,082,994 Retained profit 2025: € 5,082,994 ▲ 8% vs 2024 (€ 4,687,168) Favourable step	▲ 8%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 200,000 Dividend 2023: € 200,000 Unchanged (€ 0) Unchanged	€ 200,000 Dividend 2024: € 200,000 Unchanged (€ 200,000) Unchanged	€ 200,000 Dividend 2025: € 200,000 Unchanged (€ 200,000) Unchanged
Bank debt	€ 15,568,758 Bank debt 2022: € 15,568,758 First fiscal year in the series	€ 14,268,759 Bank debt 2023: € 14,268,759 ▼ 8% vs 2022 (€ 15,568,758) Favourable step	€ 17,835,129 Bank debt 2024: € 17,835,129 ▲ 25% vs 2023 (€ 14,268,759) Unfavourable step	€ 16,174,773 Bank debt 2025: € 16,174,773 ▼ 9% vs 2024 (€ 17,835,129) Favourable step	▼ 9%
Balance sheet total	€ 33,128,845 Balance sheet total 2022: € 33,128,845 First fiscal year in the series	€ 32,934,836 Balance sheet total 2023: € 32,934,836 ▼ 1% vs 2022 (€ 33,128,845) Unchanged	€ 33,193,808 Balance sheet total 2024: € 33,193,808 ▲ 1% vs 2023 (€ 32,934,836) Unchanged	€ 32,313,479 Balance sheet total 2025: € 32,313,479 ▼ 3% vs 2024 (€ 33,193,808) Unchanged	▼ 3%
Employees (FTE)	4.2 Employees (FTE) 2022: 4.2 First fiscal year in the series	5.1 Employees (FTE) 2023: 5.1 ▲ 0.9 vs 2022 (4.2) Unchanged	5 Employees (FTE) 2024: 5 ▼ 0.1 vs 2023 (5.1) Unchanged	4.8 Employees (FTE) 2025: 4.8 ▼ 0.2 vs 2024 (5) Unchanged	▼ 0.2

Key figures of ELSELEEN, 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 ELSELEEN?

What happened at ELSELEEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2029 Leen VANDENBUSSCHE stepped down as director. NBB
2029 Griet VANDERMEERSCH became a director. NBB
2029 Griet VANDERMEERSCH stepped down as director. NBB
2029 CELSUS NV stepped down as director. NBB
Aug 24, 2026 New annual accounts for financial year 2025: profit of € 595,826 (▼ 4% vs 2024). filed late Source: NBB ↗
2023 Leen VANDENBUSSCHE became a director. NBB
2023 CELSUS NV became a director. NBB
Sep 14, 1993 New establishment in Aalter. KBO

In short

From € 223,106 profit in 2022 to € 595,826 profit in 2025.

Paid € 488,401 in corporate taxes since 2022.

Best year ever: 2024, with € 622,931 profit.

On average € 655,800 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

CELSUS NV 100%

ELSELEEN

The shares are held by CELSUS NV (100%).

Directors

According to the 2025 annual accounts

Leen VANDENBUSSCHE

Director

Also active at: Vandenbussche, VECOFAM

since 2023 · until 2029

Griet VANDERMEERSCH

Director

Also active at: Vandenbussche, De Vierklaver, QUBUS, CORABO, CONSCIUS

since 2029 · until 2029

CELSUS NV

Director · represented by Dirk VANDENBUSSCHE

Also active at: Vandenbussche, QUBUS, CORABO, Immo Kronenhoek, RIVUS PROJECTS

since 2023 · until 2029

Shareholders

CELSUS NV

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Kraenepoelpad 19

9880 Aalter

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.

All companies at this address →

EMMA

MARTHA

CONSCIUS same network

€ 39,000 revenue · 2025

CELSUS same network

€ 2.5 million revenue · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0450.478.193

VAT number

BE 0450.478.193

Registered office

Kraenepoelpad 19, 9880 Aalter

Names & denominations

ELSELEEN

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

1 July 1993

Peppol

Active · Active since 10 Sept 2025

Activities · NACE

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

Verhuur van niet-residentiële gebouwen

Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

Algemene reiniging van gebouwen

View on CBE Public ↗ Annual accounts (NBB) ↗

ELSELEEN

Warning lights

Financials

What happened to ELSELEEN?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions