Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Mitchel Elsen Associates from Beringen, company number BE0828905877, closed financial year 2025 with a result of € -537 after tax. For that financial year Mitchel Elsen Associates recorded a gross margin of € -2,026 and equity of € 24,662. Compared with financial year 2024, the result moved from € -366 to € -537. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2025.
€ 24,662
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -537
▼ 47 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € 18,462.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,600 | € -1,558 | € -1,655 | € -2,026 | ▼ € 371 |
| Profit after taxes | € -32 | € 81 | € -366 | € -537 | ▼ € 171 |
| Equity | € 25,483 | € 25,564 | € 25,198 | € 24,662 | ▼ 2% |
| Retained profit | € 19,283 | € 19,364 | € 18,998 | € 18,462 | ▼ 3% |
| Balance sheet total | € 25,483 | € 25,564 | € 25,198 | € 24,662 | ▼ 2% |
Key figures of Mitchel Elsen Associates, 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 October 2026.
What happened to Mitchel Elsen Associates?
What happened at Mitchel Elsen Associates in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 537. Source: NBB ↗
- Fiona Mandos became a director. NBB
- New establishment in Beringen. KBO
- MITCHEL ELSEN became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 32 loss in 2022 to € 537 loss in 2025.
Best year ever: 2023, with € 81 profit.
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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 Mitchel Elsen Associates are MITCHEL ELSEN and Fiona Mandos.
Directors
According to the 2025 annual accounts
MITCHEL ELSEN
Director
since 2010
Fiona Mandos
Director
since 2013
Establishments
Establishment units
Physical locations of this company
Nieuwendijk 14
3582 Beringen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0828.905.877
- VAT number
- BE 0828.905.877
- Registered office
- Nieuwendijk 14, 3582 Beringen
- Names & denominations
- Mitchel Elsen Associates
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 September 2010
- Peppol
- Not registered