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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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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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
ELP from Koksijde, company number BE0475452527, closed financial year 2025 with a result of € -53,690 after tax. For that financial year ELP recorded a gross margin of € 287,589 and equity of € 584,140. Compared with financial year 2024, the result moved from € -96,071 to € -53,690. 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 July 3, 2026.
€ 584,140
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -53,690
▲ 44 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2,155
▼ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 464,140.
People and assets in 2025
€ 26,338
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 6.7 million
▲ 8% vs 2024
€ 304,819 is repaid this year. At this pace the long-term loan is gone in ≈ 22 years.
€ 246,376
▲ € 231,499 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 422,384 | € 305,700 | € 197,645 | € 287,589 | ▲ 46% |
| Profit after taxes | € 190,048 | € 2,598 | € -96,071 | € -53,690 | ▲ € 42,381 |
| Equity | € 731,303 | € 733,901 | € 637,830 | € 584,140 | ▼ 8% |
| Total debts | € 2,983,138 | € 5,086,855 | € 6,253,247 | € 6,989,361 | ▲ 12% |
| Cash | € 10,393 | € 23,218 | € 5,689 | € 2,155 | ▼ 62% |
| Land & buildings | € 3,568,648 | € 5,647,688 | € 6,778,716 | € 7,488,979 | ▲ 10% |
| Retained profit | € 611,303 | € 613,901 | € 517,830 | € 464,140 | ▼ 10% |
| Bank debt | € 2,952,031 | € 5,036,613 | € 6,236,470 | € 6,741,085 | ▲ 8% |
| Balance sheet total | € 3,739,417 | € 5,844,930 | € 6,891,077 | € 7,573,501 | ▲ 10% |
Key figures of ELP, 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 ELP?
What happened at ELP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 53,690. Source: NBB ↗
- 2XU Group BV became a director. NBB
- Ballegeer Louis stepped down as director. NBB
- Ballegeer Louis became a director. NBB
- New establishment in Koksijde. KBO
- Start of the company according to the CBE. KBO
In short
From € 190,048 profit in 2022 to € 53,690 loss in 2025.
Paid € 68,470 in corporate taxes since 2022.
Best year ever: 2022, with € 190,048 profit.
Management
The stake of 2XU GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ELPBehind ELP is 2XU Group BV. The shares are held by 2XU GROUP (100%).
Directors
According to the 2025 annual accounts
Director · represented by Van Noten Johan
Also active at: SIVAC, J. & F. DE LAET, INTELLIGENT NUTRITION, DILITO, STIMMER, Transformics, CONCEPTZ, IZIKO +4 more
since 2026
since 2010 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Witte Burg(Odk) 26
8670 Koksijde
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
- 0475.452.527
- VAT number
- BE 0475.452.527
- Registered office
- Witte Burg(Odk) 26, 8670 Koksijde
- Names & denominations
- ELP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 August 2001
- Peppol
- Active · Active since 31 Oct 2023