Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Busy address KBO
20 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
ELEMENTAL from Gent, company number BE0718890754, closed financial year 2024 with a result of € -636,838 after tax. For that financial year ELEMENTAL recorded a gross margin of € -516,360 and equity of € -657,858. Compared with financial year 2023, the result moved from € -615,658 to € -636,838. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 28, 2025.
€ -657,858
▼ € 636,838 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -636,838
▼ 3 % more loss than in 2023
Profit after tax over the fiscal year.
€ 1,714
▼ 96% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.4 million.
People and assets in 2024
€ 11,158
▼ 30% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 1.7 million
▲ € 1.4 million vs 2023
Loans from banks and other lenders, long and short.
€ 564,201
▼ 9% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 3,504
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -217,383 | € -420,227 | € -520,300 | € -516,360 | ▲ € 3,940 |
| Profit after taxes | € -251,924 | € -488,219 | € -615,658 | € -636,838 | ▼ € 21,180 |
| Equity | € 599,781 | € 111,562 | € -21,020 | € -657,858 | ▼ € 636,838 |
| Total debts | € 474,145 | € 1,678,778 | € 1,825,313 | € 2,281,692 | ▲ 25% |
| Cash | € 5,390 | € 96,443 | € 42,533 | € 1,714 | ▼ 96% |
| Retained profit | € -650,219 | € -1,138,438 | € -1,754,095 | € -2,390,933 | ▼ € 636,838 |
| Bank debt | € 290,285 | € 290,285 | € 290,285 | € 1,713,987 | ▲ € 1.4 million |
| Balance sheet total | € 1,073,927 | € 1,790,340 | € 1,804,292 | € 1,623,833 | ▼ 10% |
Key figures of ELEMENTAL, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to ELEMENTAL?
What happened at ELEMENTAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 636,838. filed late Source: NBB ↗
- GB Investment became a director. NBB
- New establishment in Gent. KBO
- Patrick Braun became a director. NBB
- Shane De Vreese became a director. NBB
- Robert Anciaux became a director. NBB
- Lausha NV became a director. NBB
- Parx Materials NV became a director. NBB
In short
From € 251,924 loss in 2021 to € 636,838 loss in 2024.
Management
Behind ELEMENTAL are Patrick Braun, GB Investment, Shane De Vreese, Robert Anciaux, Lausha NV and Parx Materials NV. Robert Anciaux is also behind Condor Technologies, SHOPALLY, HEAVENTECH and MUSELAB.
Directors
According to the 2024 annual accounts
Patrick Braun
Director
since 2019
GB Investment
Director · represented by Gilles Briquet
since 2021
Shane De Vreese
Managing director
since 2019
since 2019
since 2019
Director · represented by Michael van der Jagt
since 2019
Establishments
Establishment units
Physical locations of this company
Zuiderlaan 1-3 box 8
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 20 companies are registered at this address.
All companies at this address →PAEPSEM
€ 788,648 revenue · 2025
DE COLVENAER
€ 126,511 revenue · 2025
remedent
€ 62,168 revenue · 2025
Condor Technologies same network
€ 2,092 revenue · 2025
Pexip Belgium
€ 1.4 million gross margin · 2025
+15 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0718.890.754
- VAT number
- BE 0718.890.754
- Registered office
- Zuiderlaan 1-3 bus 8, 9000 Gent
- Names & denominations
- ELEMENTAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 January 2019
- Peppol
- Active · Active since 2 Feb 2026
- Contact
- [email protected]
- Activities · NACE
Vervaardiging van medische en tandheelkundige instrumenten en benodigdheden
Overige vormen van onderwijs