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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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 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IMMO ELCOVA from Kortenberg, company number BE0867486836, closed financial year 2025 with a result of € -9,247 after tax. For that financial year IMMO ELCOVA recorded a gross margin of € 24,148 and equity of € -268,230. Compared with financial year 2024, the result moved from € -39,077 to € -9,247. 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 June 30, 2026.
€ -268,230
▼ € 9,247 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,247
▲ 76 % less loss than in 2024
Profit after tax over the fiscal year.
€ 27,031
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -518,230.
Debts at end 2025
€ 150,000
Loans from banks and other lenders, long and short.
€ 27
▼ 91% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 12,411 | € 18,679 | € 19,870 | € 24,148 | ▲ 22% |
| Profit after taxes | € -46,451 | € -40,282 | € -39,077 | € -9,247 | ▲ € 29,830 |
| Equity | € -179,623 | € -219,905 | € -258,983 | € -268,230 | ▼ € 9,247 |
| Total debts | € 658,465 | € 649,328 | € 639,609 | € 627,048 | ▼ 2% |
| Cash | € 53,301 | € 43,644 | € 34,598 | € 27,031 | ▼ 22% |
| Land & buildings | € 421,901 | € 383,392 | € 344,883 | € 331,163 | ▼ 4% |
| Retained profit | € -429,623 | € -469,905 | € -508,983 | € -518,230 | ▼ € 9,247 |
| Bank debt | € 150,000 | € 150,000 | € 150,000 | € 150,000 | |
| Balance sheet total | € 478,842 | € 429,422 | € 380,627 | € 358,818 | ▼ 6% |
Key figures of IMMO ELCOVA, 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 IMMO ELCOVA?
What happened at IMMO ELCOVA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Yves Vandendriessche stepped down as director. NBB
- Tim Vandendriessche stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 9,247. Source: NBB ↗
- Henri Vandendriessche stepped down as director. NBB
- Yves Vandendriessche became a director. NBB
- Tim Vandendriessche became a director. NBB
- Start of the company according to the CBE. KBO
- Henri Vandendriessche became a director. NBB
In short
From € 46,451 loss in 2022 to € 9,247 loss in 2025.
Management
Directors
According to the 2025 annual accounts
Henri Vandendriessche
Director
since 2004 · until 2025
since 2025 · until 2031
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Elisabethlaan 26
3070 Kortenberg
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0867.486.836
- VAT number
- BE 0867.486.836
- Registered office
- Elisabethlaan 26, 3070 Kortenberg
- Names & denominations
- IMMO ELCOVA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 September 2004
- Peppol
- Active · Active since 12 Jan 2026