Financials
Financial year 2025
ELSEC from Jabbeke, company number BE0508697395, closed financial year 2025 with a result of € 126,138 after tax. For that financial year ELSEC recorded a gross margin of € 178,795 and equity of € 523,759. Compared with financial year 2024, the result moved from € 117,220 to € 126,138. Profitable, and profit is growing. 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 August 28, 2026.
€ 523,759
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 126,138
▲ 8% vs 2024
Profit after tax over the fiscal year.
€ 284,868
▲ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 67,500 paid out
54 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 23,686
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4,045
▼ 57% vs 2024
Loans from banks and other lenders, long and short.
€ 5,450
▲ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 28,939
▼ 12% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 119,305 | € 146,781 | € 180,936 | € 178,795 | ▼ 1% |
| Profit after taxes | € 73,976 | € 92,845 | € 117,220 | € 126,138 | ▲ 8% |
| Equity | € 429,455 | € 414,900 | € 465,120 | € 523,759 | ▲ 13% |
| Total debts | € 79,959 | € 84,276 | € 115,104 | € 106,789 | ▼ 7% |
| Cash | € 260,890 | € 41,773 | € 251,124 | € 284,868 | ▲ 13% |
| Land & buildings | € 37,614 | € 32,700 | € 28,195 | € 23,690 | ▼ 16% |
| Retained profit | € 357,055 | € 404,900 | € 455,120 | € 513,759 | ▲ 13% |
| Dividend | € 30,000 | € 45,000 | € 67,000 | € 67,500 | ▲ 1% |
| Bank debt | € 19,729 | € 14,587 | € 9,360 | € 4,045 | ▼ 57% |
| Balance sheet total | € 509,413 | € 499,176 | € 580,224 | € 630,548 | ▲ 9% |
Key figures of ELSEC, 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 ELSEC?
What happened at ELSEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 126,138 (▲ 8% vs 2024). filed late Source: NBB ↗
- New establishment in Jabbeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 73,976 profit in 2022 to € 126,138 profit in 2025.
Paid € 168,094 in corporate taxes since 2022.
Best year ever: 2025, with € 126,138 profit.
Paid out € 209,500 in dividends to the owners in total.
Management
Behind ELSEC is Stefaan Fevery.
Directors
According to the 2025 annual accounts
Stefaan Fevery
Manager
Establishments
Establishment units
Physical locations of this company
Groenwalle 14
8490 Jabbeke
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0508.697.395
- VAT number
- BE 0508.697.395
- Registered office
- Groenwalle 14, 8490 Jabbeke
- Names & denominations
- ELSEC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 2012
- Peppol
- Active · Active since 2 Aug 2025
- Activities · NACE
Algemene elektrotechnische installatiewerken
Installatie van isolatie
Overige bouwinstallatie
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Overige bouwinstallatie, n.e.g.
Isolatiewerkzaamheden