Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ELNOR HOLDING from Haacht, company number BE0662930266, closed financial year 2025 with a result of € -123,301 after tax. For that financial year ELNOR HOLDING recorded a gross margin of € 240,317 and equity of € 2.7 million. Compared with financial year 2024, the result moved from € 147,132 to € -123,301. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ 2.7 million
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -123,301
▼ still € 147,132 profit in 2024
Profit after tax over the fiscal year.
€ 70,554
▲ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.4 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 3.7 million
▲ 75% vs 2024
€ 270,878 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 32,811
▼ 94% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 503
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 | € 149,660 | € 192,555 | € 225,712 | € 240,317 | ▲ 6% |
| Profit after taxes | € 193,931 | € 296,890 | € 147,132 | € -123,301 | ▼ € 270,433 |
| Equity | € 2,374,107 | € 2,670,997 | € 2,818,129 | € 2,694,828 | ▼ 4% |
| Total debts | € 2,463,874 | € 2,200,214 | € 2,638,991 | € 3,736,781 | ▲ 42% |
| Cash | € 18,968 | € 101,142 | € 46,089 | € 70,554 | ▲ 53% |
| Land & buildings | € 3,393,648 | € 3,338,420 | € 3,969,397 | € 4,953,080 | ▲ 25% |
| Retained profit | € 1,124,106 | € 1,420,997 | € 1,568,129 | € 1,444,827 | ▼ 8% |
| Bank debt | € 2,411,317 | € 2,163,361 | € 2,114,502 | € 3,703,467 | ▲ 75% |
| Balance sheet total | € 4,837,981 | € 4,871,211 | € 5,457,120 | € 6,431,608 | ▲ 18% |
Key figures of ELNOR HOLDING, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to ELNOR HOLDING?
What happened at ELNOR HOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bart Demarsin stepped down as director. NBB
- ROS@LIA BV stepped down as director. NBB
- Invale NV stepped down as director. NBB
- Waypoint Consulting BVBA stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 123,301 (▼ € 270,433 vs 2024). Source: NBB ↗
- Bart Demarsin became a director. NBB
- ROS@LIA BV became a director. NBB
- Invale NV became a director. NBB
In short
From € 193,931 profit in 2022 to € 123,301 loss in 2025.
Best year ever: 2023, with € 296,890 profit.
Management
The stake of INVALE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ELNOR HOLDINGThe shares are held by INVALE (72.9%). It owns 100% of Elnor Motors NV itself.
Directors
According to the 2025 annual accounts
since 2025 · until 2031
since 2022 · until 2028
Director · represented by Bart Deckers
Also active at: Etablissementen Armand Op De Beeck Boomkwekerijen, ELNOR MOTORS, UNICUM TRADE BOTANICALS, STOFFELS TRADING, APS Holding, Epacco Holding, PETRAEA, EPACCO +1 more
since 2023 · until 2029
Director · represented by Alexandra Mannaerts
Also active at: Etablissementen Armand Op De Beeck Boomkwekerijen, ATHENA GRAPHICS, ELNOR MOTORS, APS Holding, Epacco Holding, PETRAEA, Nutraceutical & Orthomolecular Consulting, EPACCO
since 2025 · until 2031
Shareholders
72.9%
Participations
100%
Establishments
Establishment units
Physical locations of this company
De Costerstraat(WSP) 45
3150 Haacht
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Google Workspace
Hosting
GOOGLE-CLOUD-PLATFORM - Google LLC, US
Website info
Features
Security
Details
- Company number
- 0662.930.266
- VAT number
- BE 0662.930.266
- Registered office
- De Costerstraat(WSP) 45, 3150 Haacht
- Names & denominations
- ELNOR HOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 September 2016
- Peppol
- Active · Active since 19 Nov 2025
- Contact
- elnor.be
- Activities · NACE
Vervaardiging van elektromotoren en van elektrische generatoren en transformatoren