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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Tight liquidity NBB
Cash and receivables cover 48 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ELLIMAC DEVELOPMENT from Waterloo, company number BE0871308735, closed financial year 2025 with a result of € -31,855 after tax. For that financial year ELLIMAC DEVELOPMENT recorded a gross margin of € -20,293 and equity of € 41,987. Compared with financial year 2024, the result moved from € 14,607 to € -31,855. The company made a loss. The buffer shrank hard: equity is 60 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on February 2, 2026.
€ 41,987
▼ 60% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -31,855
▼ still € 14,607 profit in 2024
Profit after tax over the fiscal year.
€ 15,243
▼ 48% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 35,787.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 631
▼ 71% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 23,301
€ 4,334 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 23,939
▼ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,088
▲ € 9,016 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 21,080 | € -15,592 | € 24,347 | € -20,293 | ▼ € 44,640 |
| Profit after taxes | € 6,130 | € 23,335 | € 14,607 | € -31,855 | ▼ € 46,462 |
| Equity | € 67,540 | € 90,068 | € 103,842 | € 41,987 | ▼ 60% |
| Total debts | € 242,219 | € 200,387 | € 58,104 | € 103,218 | ▲ 78% |
| Cash | € 89,454 | € 60,398 | € 29,281 | € 15,243 | ▼ 48% |
| Retained profit | € 61,340 | € 83,868 | € 97,642 | € 35,787 | ▼ 63% |
| Dividend | € 808 | € 808 | € 833 | € 30,000 | ▲ € 29,167 |
| Bank debt | € 10,511 | € 2,179 | € 0 | € 23,301 | |
| Balance sheet total | € 309,759 | € 290,454 | € 161,946 | € 145,205 | ▼ 10% |
Key figures of ELLIMAC DEVELOPMENT, fiscal years 2022 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 ELLIMAC DEVELOPMENT?
What happened at ELLIMAC DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 31,855 (▼ € 46,462 vs 2024). filed late Source: NBB ↗
- Yves VERSTEGEN became a director. NBB
- New establishment in Braine-l'Alleud. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,130 profit in 2022 to € 31,855 loss in 2025.
Paid € 4,662 in corporate taxes since 2022.
Best year ever: 2023, with € 23,335 profit.
Paid out € 32,449 in dividends to the owners in total.
Management
Behind ELLIMAC DEVELOPMENT is Yves VERSTEGEN. Yves VERSTEGEN is also behind CAPITAL DEVELOPPEMENT IMMOBILIER.
Directors
According to the 2025 annual accounts
since 2016
Establishments
Establishment units
Physical locations of this company
Rue de la Station 150 box A
1410 Waterloo
Rue Schépers 5
1420 Braine-l'Alleud
Active since 30 March 2005
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0871.308.735
- VAT number
- BE 0871.308.735
- Registered office
- Rue de la Station 150 bus A, 1410 Waterloo
- Names & denominations
- ELLIMAC DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 January 2005
- Peppol
- Active · Active since 16 Feb 2026
- Activities · NACE
Algemene bouw van residentiële gebouwen
Overige detailhandel in voedingsmiddelen, neg
Overige detailhandel in voedings- en genotmiddelen in gespecialiseerde winkels, n.e.g.
Overige detailhandel in voedingsmiddelen in gespecialiseerde winkels, n.e.g.
Installatie van isolatie
Overige werkzaamheden in verband met de afwerking van gebouwen
Vervaardiging van ander schrijn- en timmerwerk
Bouwrijp maken van terreinen
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