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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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
ELRO from Pelt, company number BE0459421296, closed financial year 2025 with a result of € 975,346 after tax. For that financial year ELRO recorded a gross margin of € 155,218 and equity of € 25.9 million. Compared with financial year 2024, the result moved from € 1.9 million to € 975,346. 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 June 16, 2026.
€ 25.9 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 975,346
▼ 48% vs 2024
Profit after tax over the fiscal year.
€ 415,914
▼ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 16.9 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 2.2 million
▲ € 1.7 million vs 2024
€ 148,222 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 17,810
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 86,618 | € 128,241 | € 143,504 | € 155,218 | ▲ 8% |
| Profit after taxes | € 3,733,848 | € 1,028,423 | € 1,892,523 | € 975,346 | ▼ 48% |
| Equity | € 23,262,523 | € 22,998,946 | € 24,891,469 | € 25,866,815 | ▲ 4% |
| Total debts | € 1,784,581 | € 1,517,379 | € 903,432 | € 2,472,729 | ▲ 174% |
| Cash | € 1,101,201 | € 1,261,516 | € 563,060 | € 415,914 | ▼ 26% |
| Land & buildings | € 2,686,780 | € 3,639,294 | € 3,549,235 | € 6,556,012 | ▲ 85% |
| Retained profit | € 14,287,462 | € 14,023,885 | € 15,916,408 | € 16,891,754 | ▲ 6% |
| Dividend | € 0 | € 1,292,000 | € 0 | € 0 | |
| Bank debt | € 637,898 | € 538,052 | € 476,819 | € 2,150,069 | ▲ € 1.7 million |
| Balance sheet total | € 25,047,103 | € 24,516,325 | € 25,794,901 | € 28,339,544 | ▲ 10% |
Key figures of ELRO, 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 ELRO?
What happened at ELRO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 975,346 (▼ 48% vs 2024). Source: NBB ↗
- New establishment in Pelt. KBO
- Start of the company according to the CBE. KBO
- Ronny Hendrikx became a director. NBB
In short
From € 3.7 million profit in 2022 to € 975,346 profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2022, with € 3.7 million profit.
Paid out € 1.3 million in dividends to the owners in total.
Management
Behind ELRO is Ronny Hendrikx. It owns 100% of HR Coating and 100% of HR Vliegenramen- & deuren itself.
Directors
According to the 2025 annual accounts
since 1996
Establishments
Establishment units
Physical locations of this company
Tisselrietweg 2
3910 Pelt
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
- 0459.421.296
- VAT number
- BE 0459.421.296
- Registered office
- Tisselrietweg 2, 3910 Pelt
- Names & denominations
- ELRO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 December 1996
- Peppol
- Not registered