Financials
Financial year 2025
Elkapi from Kortrijk, company number BE0795119193, closed financial year 2025 with a result of € 45,567 after tax. For that financial year Elkapi recorded a gross margin of € 61,266 and equity of € 107,663. Compared with financial year 2024, the result moved from € 33,823 to € 45,567. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 26, 2026.
€ 107,663
▲ 73% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 45,567
▲ 35% vs 2024
Profit after tax over the fiscal year.
€ 51,476
▲ 119% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 93,663.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 61,137
▼ 41% vs 2024
Loans from banks and other lenders, long and short.
€ 1,000
▲ 192% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20,139
▲ 27% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 20,111 | € 48,811 | € 61,266 | ▲ 26% |
| Profit after taxes | € 14,273 | € 33,823 | € 45,567 | ▲ 35% |
| Equity | € 28,273 | € 62,096 | € 107,663 | ▲ 73% |
| Total debts | € 135,940 | € 120,624 | € 106,626 | ▼ 12% |
| Cash | € 7,353 | € 23,472 | € 51,476 | ▲ 119% |
| Retained profit | € 14,273 | € 48,096 | € 93,663 | ▲ 95% |
| Bank debt | € 124,324 | € 103,889 | € 61,137 | ▼ 41% |
| Balance sheet total | € 164,213 | € 182,720 | € 214,289 | ▲ 17% |
Key figures of Elkapi, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to Elkapi?
What happened at Elkapi in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 45,567 (▲ 35% vs 2024). Source: NBB ↗
- New establishment in Kortrijk. KBO
- Pieter Saelens became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 14,273 profit in 2023 to € 45,567 profit in 2025.
Paid € 25,023 in corporate taxes since 2023.
Best year ever: 2025, with € 45,567 profit.
Management
Behind Elkapi is Pieter Saelens. It owns 50% of CoreTwo itself.
Directors
According to the 2025 annual accounts
since 2022
Establishments
Establishment units
Physical locations of this company
Baaistraat(Kor) 31
8500 Kortrijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0795.119.193
- VAT number
- BE 0795.119.193
- Registered office
- Baaistraat(Kor) 31, 8500 Kortrijk
- Names & denominations
- Elkapi
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 December 2022
- Peppol
- Active · Active since 1 Jul 2026
- Activities · NACE
Activiteiten van hoofdkantoren
Activiteiten van holdings
Overige zakelijke dienstverlening, neg
Holdings