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 1.3 to 0.3.
-
Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ELSTER WATER METERING from Machelen (Brab.), company number BE0538729387, closed financial year 2025 with a result of € 31,827 after tax. For that financial year ELSTER WATER METERING recorded revenue of € 209,499 and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 43,336 to € 31,827. 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 July 10, 2026.
€ 1.5 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 31,827
▼ 27% vs 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -6.9 million.
People and assets in 2025
0.3
▼ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 62,530
▼ 15% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 100,938
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 159 days on average.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,489,861 | € 261,435 | € 253,076 | € 209,499 | ▼ 17% |
| Profit after taxes | € -9,928 | € 43,102 | € 43,336 | € 31,827 | ▼ 27% |
| Equity | € 1,338,246 | € 1,381,348 | € 1,424,684 | € 1,456,510 | ▲ 2% |
| Total debts | € 189,243 | € 113,903 | € 107,477 | € 100,938 | ▼ 6% |
| Retained profit | € -7,019,550 | € -6,976,448 | € -6,933,112 | € -6,901,286 | |
| Balance sheet total | € 1,527,489 | € 1,495,251 | € 1,532,160 | € 1,557,449 | ▲ 2% |
| Employees (FTE) | 2 | 1.3 | 1 | 0.3 | ▼ 0.7 |
Key figures of ELSTER WATER METERING, 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 ELSTER WATER METERING?
What happened at ELSTER WATER METERING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Xavier Wanty stepped down as director. NBB
- Verhamme Ignace stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 31,827 (▼ 27% vs 2024). Source: NBB ↗
- Xavier Wanty became a director. NBB
- Verhamme Ignace became a director. NBB
- New establishment in Machelen (Brab.). KBO
- Start of the company according to the CBE. KBO
In short
From € 9,928 loss in 2022 to € 31,827 profit in 2025.
Paid € 428 in corporate taxes since 2022.
Best year ever: 2024, with € 43,336 profit.
Pays suppliers within 159 days on average.
A new publication or filing at ELSTER WATER METERING? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Elster Water Metering Holdings (100%) and Elster Water Metering (0%).
Directors
According to the 2025 annual accounts
Shareholders
Elster Water Metering Holdings
100%
Elster Water Metering
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hermeslaan 1H
1831 Machelen (Brab.)
Hermeslaan 1 box H
1831 Machelen (Brab.)
Active since 18 September 2013
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0538.729.387
- VAT number
- BE 0538.729.387
- Registered office
- Hermeslaan 1H, 1831 Machelen (Brab.)
- Names & denominations
- ELSTER WATER METERING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 September 2013
- Peppol
- Active · Active since 11 Nov 2025
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