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 63 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Elthium from Kortenberg, company number BE0768404306, closed financial year 2025 with a result of € 16,045 after tax. For that financial year Elthium recorded a gross margin of € 102,838 and equity of € 45,556. Compared with financial year 2024, the result moved from € 16,002 to € 16,045. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ 45,556
▼ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 16,045
Profit after tax over the fiscal year.
€ 26,966
Cash and bank balances on the last day of the fiscal year.
€ 30,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 57,638
▲ 143% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 56,628
▲ 191% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 58,997
▲ 49% vs 2024
€ 14,692 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 91,750
▲ 115% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,815
▲ 221% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 43,122 | € 42,655 | € 64,484 | € 102,838 | ▲ 59% |
| Profit after taxes | € 27,962 | € 17,078 | € 16,002 | € 16,045 | |
| Equity | € 26,430 | € 43,508 | € 59,511 | € 45,556 | ▼ 23% |
| Total debts | € 59,998 | € 61,579 | € 90,598 | € 202,333 | ▲ 123% |
| Cash | € 12,089 | € 27,296 | € 0 | € 26,966 | |
| Land & buildings | € 11,783 | € 11,183 | € 10,583 | € 9,983 | ▼ 6% |
| Retained profit | € 21,430 | € 38,508 | € 54,511 | € 40,556 | ▼ 26% |
| Dividend | € 0 | € 0 | € 0 | € 30,000 | |
| Bank debt | € 787 | € 13,268 | € 39,670 | € 58,997 | ▲ 49% |
| Balance sheet total | € 86,428 | € 105,087 | € 150,109 | € 247,889 | ▲ 65% |
Key figures of Elthium, 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 Elthium?
What happened at Elthium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 16,045. Source: NBB ↗
- New establishment in Kortenberg. KBO
- Frédéric Engelen became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 27,962 profit in 2022 to € 16,045 profit in 2025.
Paid € 20,337 in corporate taxes since 2022.
Best year ever: 2022, with € 27,962 profit.
Paid out € 30,000 in dividends to the owners in total.
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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
Directors
According to the 2025 annual accounts
Frédéric Engelen
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Leuvensesteenweg 21/O
3070 Kortenberg
Leuvensesteenweg 21 box /O
3070 Kortenberg
Active since 15 May 2021
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
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0768.404.306
- VAT number
- BE 0768.404.306
- Registered office
- Leuvensesteenweg 21/O, 3070 Kortenberg
- Names & denominations
- Elthium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 May 2021
- Peppol
- Active · Active since 12 May 2025
- Contact
- elthium.be
- Activities · NACE
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