ELCAS · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of ELCAS is 0.4% (very low). The 2024 annual accounts show equity of €304k and a net result of €10k. Its solvency ranks better than 86% of 12487 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 2 annual accounts.

Signals

1 signal · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 86% of 12487 peers (2024). A comfortable equity buffer.

View the sector comparison

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

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 16 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 2 filed financial years, each closing on 31-12. 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
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	31-07-2025	on the day	2025-00352818
31-12-2023	31-07-2024	24-08-2024	24 d late	2024-00380435

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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.4% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Annual accounts: healthy financial profile −

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

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€10k

Working capital€1k

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 31-07-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 70, Head offices & management consulting · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	84.0%	60.5%	better than 86% of 12487 sector peers
Net result	€10k	€31k	better than 29% of 12489 sector peers
Equity	€304k	€63k	better than 91% of 12495 sector peers
Gross operating margin	€21k	€52k	better than 26% of 12474 sector peers
Total assets	€362k	€124k	better than 83% of 12488 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€20k

- 23-24

Net profit

€10k

- 23-24

Cash flow

€15k

- 23-24

Total assets

€362k

+742.5% 23-24

Equity

€304k

- 23-24

Working capital

€1k

- 23-24

Income taxes

€4k

+10945.4% 23-24

Debt

€58k

+32.5% 23-24

Show 9 other metrics

Debt ≤ 1y

€16k

-14.4% 23-24

Debt > 1y

€42k

+67.9% 23-24

Current ratio

1.07

+11.1% 23-24

Quick ratio

1.07

+11.1% 23-24

Solvency

84.0%

- 23-24

Debt / equity

0.19

- 23-24

ROE

3.4%

-99.0% 23-24

ROA

2.9%

- 23-24

Interest coverage

9.67

- 23-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€20k
Net profit	€10k
Cash flow	€15k
Staff costs	-
Income taxes	€4k
Dividends	-
Total assets	€362k
Equity	€304k
Debt	€58k
of which ≤ 1y	€16k
of which > 1y	€42k
Working capital	€1k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	1.07
Quick ratio	1.07
Working capital ratio	0.3%
Solvency	84.0%
Debt / equity	0.19
Long-term debt ratio	0.14
Interest coverage	9.67
Gross margin	-
Net margin	-
ROA	2.9%
ROE	3.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €345k · 95.3% Current assets €17k · 4.8%

Equity & liabilities

Equity €304k · 84.0% Debt €58k · 16.0%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€362k
Fixed assets	21/28	€345k
Tangible fixed assets	22/27	€51k
Financial fixed assets	28	€295k
Current assets	29/58	€17k
Investments	50/53	€749
Cash & bank	54/58	€16k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€362k
Equity	10/15	€304k
Contributions / capital	10/11	€297k
Reserves	13	€8k
Amounts payable	17/49	€58k
Amounts payable after one year	17	€42k
Amounts payable within one year	42/48	€16k
Trade debts payable within one year	44	€174
Income statement
Gross operating margin	9900	€21k
Operating result	9901	€16k
Financial income	75	€1
Financial charges	65	€2k
Result before taxes	9903	€14k
Income taxes	67/77	€4k
Net result for the period	9904	€10k
Result to be appropriated	9905	€10k

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

89 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

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

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

ELCAS

Sint-Stefaanstraat 17, 1910 KampenhoutDeposito- en Consignatiekas

since 20232.350.645.639

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1,212 m²

Buildings1

Building footprint143 m²

Volume (LiDAR)934 m³

Tallest building9.3 m · ±2 fl.

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.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23055C0493/00L000	Flanders	1,212 m²	1 · 143 m²	9.3 m · 2 fl.

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

Belgian State Gazette · acts

0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.