Skip to content

EL-CO +

Active
Private limited company·Ontwikkeling van residentiële bouwprojecten· 2 yrs active
Lenclos 74 ·6740 Etalle, Belgium
KBO/BCE: BE 0805.399.512
Watch Print / PDF
Age2 yrs
Real estate1 parcel · 2,228 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of EL-CO + is 1.4% (low). The 2024 annual accounts show negative equity (€-31k) and a net result of €-31k. Its solvency ranks better than 9% of 776 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
1.4% Low
0%0,5%1,5%4%10%≥25%
Young company +Lower-failure-rate sector −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2024 31-07-2025 27-08-2025 27 d late 2025-00445200

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Young company
Founded in 2023, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-31k
Working capital€109k

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 27-08-2025 with the NBB · fiscal year 2024 · volledig
Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency -15.5% 16.5%
better than 9% of 776 sector peers
Net result €-31k €-2k
better than 30% of 774 sector peers
Equity €-31k €136k
better than 17% of 776 sector peers
Gross operating margin €-21k €45k
better than 10% of 609 sector peers
Total assets €203k €1.72M
better than 14% of 776 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2024
Depositvolledig
Revenue-
EBITDA-
Net profit€-31k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€203k
Equity€-31k
Debt€234k
of which ≤ 1y€94k
of which > 1y€140k
Working capital€109k
Employees (FTE)-
Ratios (computed)
2024
Current ratio2.15
Quick ratio0.03
Working capital ratio53.6%
Solvency-15.5%
Debt / equity-7.46
Long-term debt ratio-4.46
Interest coverage-
Gross margin-
Net margin-
ROA-15.5%
ROE100.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€203k
Current assets 29/58€203k
Stocks & contracts in progress 3€200k
Amounts receivable within one year 40/41€2k
Cash & bank 54/58€800
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€203k
Equity 10/15€-31k
Accumulated profits (losses) 14€-31k
Amounts payable 17/49€234k
Amounts payable after one year 17€140k
Amounts payable within one year 42/48€94k
Trade debts payable within one year 44€652
Income statement
Gross operating margin 9900€-21k
Operating result 9901€-22k
Financial charges 65€9k
Result before taxes 9903€-31k
Net result for the period 9904€-31k
Result to be appropriated 9905€-31k
Ratios computed by Checked.

Health barometer

FY 2024 · computed
40 / 100 Weak
050100
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Establishment units

1 location
EL-CO+
Lenclos 74, 6740 EtalleOntwikkeling van residentiële bouwprojecten
since 20232.350.727.692
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area2,228 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
85009C2582/00A000 Wallonia 2,228 m² - -
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts
All acts · 1 updated 1 year ago
2024
24-10-2024 Articles of association amended, translation of the articles, coordination of the articles and amendment of specific articles Statutes amendment·Florence SCHMIT
Summary: De voorwerp van de vennootschap is uitgebreid met een gedetailleerde lijst van activiteiten gerelateerd aan onroerend goed, waaronder transacties, investeringen, verhuur, projectmanagement en financie…Notary: Florence SCHMIT · Etalle

Analysis

Snowflake analysis

financial profile on 5 axes
Health40Profitability100Solvency67Growth-Stability67
68 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 40
Profitability 100
Solvency 67
Growth -
Stability 67

Ask AI about this company

Checked AI

Soon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.

TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soon

AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Same sector, nearest first

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121Ontwikkeling van niet-residentiële bouwprojecten41102Ontwikkeling van niet-residentiële bouwprojecten68122
Primary activity highlighted.
Names & trade names
Legal nameFR EL-CO +
Registered office
Lenclos 74 bus A
6740 Etalle, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.