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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Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ELSIM from Denderleeuw, company number BE0546681310, closed financial year 2025 with a result of € 163,356 after tax. For that financial year ELSIM recorded a gross margin of € 135,448 and equity of € 20,460. Compared with financial year 2024, the result moved from € 91,907 to € 163,356. Profitable, and profit is growing. The buffer shrank hard: equity is 97 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.
€ 20,460
▼ 97% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 163,356
▲ 78% vs 2024
Profit after tax over the fiscal year.
€ 153,405
▼ 21% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 874,137 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 64,492
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 832
▼ 63% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,140
▲ 6% 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 | € 111,649 | € 115,104 | € 131,927 | € 135,448 | ▲ 3% |
| Profit after taxes | € 74,296 | € 86,483 | € 91,907 | € 163,356 | ▲ 78% |
| Equity | € 552,850 | € 639,333 | € 731,241 | € 20,460 | ▼ 97% |
| Total debts | € 24,168 | € 30,982 | € 52,050 | € 414,343 | ▲ € 362,293 |
| Cash | € 175,283 | € 257,844 | € 193,993 | € 153,405 | ▼ 21% |
| Retained profit | € 534,250 | € 620,733 | € 712,641 | € 1,860 | ▼ € 710,781 |
| Dividend | € 0 | € 0 | € 0 | € 874,137 | |
| Balance sheet total | € 577,017 | € 670,315 | € 783,291 | € 434,803 | ▼ 44% |
Key figures of ELSIM, 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 ELSIM?
What happened at ELSIM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 163,356 (▲ 78% vs 2024). Source: NBB ↗
- Geert De Smet became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Denderleeuw. KBO
In short
From € 74,296 profit in 2022 to € 163,356 profit in 2025.
Paid € 91,708 in corporate taxes since 2022.
Best year ever: 2025, with € 163,356 profit.
Paid out € 874,137 in dividends to the owners in total.
Management
Behind ELSIM is Geert De Smet.
Directors
According to the 2025 annual accounts
Geert De Smet
Director
since 2017
Establishments
Establishment units
Physical locations of this company
Drieselken 62
9473 Denderleeuw
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0546.681.310
- VAT number
- BE 0546.681.310
- Registered office
- Drieselken 62, 9473 Denderleeuw
- Names & denominations
- ELSIM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 February 2014
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van holdings
Holdings
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Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
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Verhuur en exploitatie van terreinen
Handel in eigen onroerend goed
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