Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ELSA CONSTRUCT from Waterloo, company number BE1008690132, closed financial year 2025 with a result of € -38,105 after tax. For that financial year ELSA CONSTRUCT recorded a gross margin of € -17,176 and equity of € 408,026. Compared with financial year 2024, the result moved from € -18,869 to € -38,105. 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 August 26, 2026.
€ 408,026
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -38,105
▼ 102 % more loss than in 2024
Profit after tax over the fiscal year.
€ 39,716
▲ € 30,813 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -56,974.
People and assets in 2025
€ 1,734
▲ 59% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,873
▲ 199% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 818
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -11,971 | € -17,176 | ▼ € 5,205 |
| Profit after taxes | € -18,869 | € -38,105 | ▼ € 19,236 |
| Equity | € 446,131 | € 408,026 | ▼ 9% |
| Total debts | € 8,981 | € 322,976 | ▲ € 313,995 |
| Cash | € 8,903 | € 39,716 | ▲ € 30,813 |
| Land & buildings | € 425,692 | € 686,487 | ▲ 61% |
| Retained profit | € -18,869 | € -56,974 | ▼ € 38,105 |
| Balance sheet total | € 455,112 | € 731,002 | ▲ 61% |
Key figures of ELSA CONSTRUCT, fiscal years 2024 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 ELSA CONSTRUCT?
What happened at ELSA CONSTRUCT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 38,105. filed late Source: NBB ↗
- New establishment in Couvin. KBO
- Olivier Malengreaux became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 18,869 loss in 2024 to € 38,105 loss in 2025.
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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 ELSA CONSTRUCT is Olivier Malengreaux.
Directors
According to the 2025 annual accounts
Olivier Malengreaux
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Avenue Claire 31
1410 Waterloo
Rue du Fourneau, Gon. 8
5660 Couvin
Active since 23 April 2024
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1008.690.132
- VAT number
- BE 1008.690.132
- Registered office
- Avenue Claire 31, 1410 Waterloo
- Names & denominations
- ELSA CONSTRUCT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 April 2024
- Peppol
- Active · Active since 22 Nov 2025
- Activities · NACE
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