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 1 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 20 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ELPA from Izegem, company number BE0756489835, closed financial year 2025 with a result of € -85,744 after tax. For that financial year ELPA recorded a gross margin of € -11,165 and equity of € -37,849. Compared with financial year 2024, the result moved from € -16,602 to € -85,744. 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 July 10, 2026.
€ -37,849
▼ € 85,744 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -85,744
▼ 416 % more loss than in 2024
Profit after tax over the fiscal year.
€ 66,299
▲ 229% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -38,849.
People and assets in 2025
€ 1,944
▼ 78% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 420,777
€ 16,022 is repaid this year. At this pace the long-term loan is gone in ≈ 26 years.
€ 1,170
▼ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,558
▼ 39% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 50,689 | € 42,668 | € -4,017 | € -11,165 | ▼ € 7,148 |
| Profit after taxes | € 26,467 | € 20,276 | € -16,602 | € -85,744 | ▼ € 69,142 |
| Equity | € 44,220 | € 64,496 | € 47,894 | € -37,849 | ▼ € 85,744 |
| Total debts | € 29,976 | € 19,103 | € 62,353 | € 802,838 | ▲ € 740,486 |
| Cash | € 30,486 | € 28,414 | € 20,157 | € 66,299 | ▲ 229% |
| Land & buildings | € 1,158 | € 1,033 | € 909 | € 654,546 | ▲ € 653,637 |
| Retained profit | € 43,220 | € 63,496 | € 46,894 | € -38,849 | ▼ € 85,744 |
| Bank debt | € 22,843 | € 15,453 | € 0 | € 420,777 | |
| Balance sheet total | € 74,196 | € 83,599 | € 110,247 | € 764,989 | ▲ € 654,742 |
Key figures of ELPA, 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 ELPA?
What happened at ELPA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 85,744. Source: NBB ↗
- Tristan Huyvaert became a director. NBB
- New establishment in Izegem. KBO
- Start of the company according to the CBE. KBO
- Els Pattijn became a director. NBB
In short
From € 26,467 profit in 2022 to € 85,744 loss in 2025.
Paid € 19,500 in corporate taxes since 2022.
Best year ever: 2022, with € 26,467 profit.
A new publication or filing at ELPA? 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
Behind ELPA are Els Pattijn and Tristan Huyvaert. Tristan Huyvaert is also behind Garage JFT.
Directors
According to the 2025 annual accounts
Els Pattijn
Director
since 2020
since 2024
Establishments
Establishment units
Physical locations of this company
Ten Bosstraat 15
8870 Izegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0756.489.835
- VAT number
- BE 0756.489.835
- Registered office
- Ten Bosstraat 15, 8870 Izegem
- Names & denominations
- ELPA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 October 2020
- Peppol
- Active · Active since 1 May 2025
- Activities · NACE
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Holdings
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