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 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2025 and 2026.
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Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2026; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 16.2 to 10.2.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2026
ELGI COMPRESSORS EUROPE from Waterloo, company number BE0719813046, closed financial year 2026 with a result of € -2.1 million after tax. For that financial year ELGI COMPRESSORS EUROPE recorded revenue of € 25.6 million and equity of € -35.4 million. Compared with financial year 2025, the result moved from € -3 million to € -2.1 million. 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 September 24, 2026.
€ -35.4 million
▼ € 2.1 million vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.1 million
▲ 28 % less loss than in 2025
Profit after tax over the fiscal year.
€ 362,414
▼ 22% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -35.4 million.
People and assets in 2026
10.2
▼ 2.7 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 2.1 million
▼ 6% vs 2025
€ 206,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 19,948
▼ 29% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 36.2 million
▼ 11% vs 2025
Loans from banks and other lenders, long and short.
€ 15 million
▲ 10% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 209 days on average.
€ 502,314
▼ 34% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 23,296,098 | € 23,639,133 | € 26,789,672 | € 25,646,306 | ▼ 4% |
| Profit after taxes | € -7,366,479 | € -5,784,261 | € -2,980,063 | € -2,144,625 | ▲ € 835,438 |
| Equity | € -24,457,067 | € -30,241,328 | € -33,221,391 | € -35,366,015 | ▼ € 2.1 million |
| Total debts | € 46,071,835 | € 50,000,120 | € 55,869,305 | € 52,673,265 | ▼ 6% |
| Cash | € 430,785 | € 349,132 | € 465,392 | € 362,414 | ▼ 22% |
| Retained profit | € -24,507,067 | € -30,291,328 | € -33,271,391 | € -35,416,015 | ▼ € 2.1 million |
| Bank debt | € 30,115,667 | € 32,546,223 | € 40,518,159 | € 36,227,532 | ▼ 11% |
| Balance sheet total | € 21,619,768 | € 19,763,792 | € 22,654,915 | € 17,314,250 | ▼ 24% |
| Employees (FTE) | 15.6 | 16.2 | 12.9 | 10.2 | ▼ 2.7 |
Key figures of ELGI COMPRESSORS EUROPE, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to ELGI COMPRESSORS EUROPE?
What happened at ELGI COMPRESSORS EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 2.1 million. Source: NBB ↗
- Nilss BLANCHARD became a director. NBB
- Eliska HAUSNEROVA became a director. NBB
- Christopher RINGLSTETTER became a director. NBB
- Nicola PAGLIETTI became a director. NBB
- New establishment in Waterloo. KBO
- Start of the company according to the CBE. KBO
In short
From € 7.4 million loss in 2023 to € 2.1 million loss in 2026.
Paid € 109,745 in corporate taxes since 2023.
Management
Behind ELGI COMPRESSORS EUROPE are Nilss BLANCHARD, Nicola PAGLIETTI, Christopher RINGLSTETTER and Eliska HAUSNEROVA. The shares are held by ELGI EQUIPMENTS LIMITED (100%). It owns 100% of ELGI COMPRESSORS FRANCE, 100% of ELGI COMPRESSORS SOUTHERN EUROPE, 100% of ELGI COMPRESSORS IBERIA S.L., 100% of ELGI COMPRESSORS NORDICS AB, 100% of ELGI COMPRESSORS EASTERN EUROPE SPÓŁKA Z OGRANICZONA ODPOWIEDZIALNOSCIA and 100% of ELGI COMPRESSORS UK AND IRELAND LIMITED itself.
Directors
According to the 2026 annual accounts
Nilss BLANCHARD
Director
since 2026
Nicola PAGLIETTI
Director
since 2019
since 2019
Eliska HAUSNEROVA
Director
since 2026
Shareholders
ELGI EQUIPMENTS LIMITED
100%
Participations
ELGI COMPRESSORS SOUTHERN EUROPE
100%
ELGI COMPRESSORS IBERIA S.L.
100%
ELGI COMPRESSORS NORDICS AB
100%
ELGI COMPRESSORS UK AND IRELAND LIMITED
100%
Establishments
Establishment units
Physical locations of this company
Drève Richelle 167
1410 Waterloo
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
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€ 20.6 million revenue · 2025
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€ 13 million revenue · 2025
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€ 1.3 million gross margin · 2025
CDR Leadership Consulting same network
€ 413,060 revenue · 2025
BELGIUM MOTORS
€ 42,289 gross margin · 2025
+6 more
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
Self-hosted
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
elgi.com
Registered
1997-06-10
Registrar
Network Solutions, LLC
Expires
2030-06-09
Website info
Features
Security
Network
Details
- Company number
- 0719.813.046
- VAT number
- BE 0719.813.046
- Registered office
- Drève Richelle 167, 1410 Waterloo
- Names & denominations
- ELGI COMPRESSORS EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 February 2019
- Peppol
- Active · Active since 17 Dec 2025
- Contact
- elgi.com +9118004253544
- Activities · NACE
Groothandel in pompen en compressoren
Groothandel in gereedschapswerktuigen