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ELEM

Active
Public limited companyfounded 198045 yrs activeRue de Gozée 81, 6110 Montigny-le-Tilleul, BelgiumKBO/BCE: BE 0420.994.450
Summary

ELEM has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.16M and a net result of €-376k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 38% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability26▼-19
Solvency60▲+4
Growth34▼-27
Track record100
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.43 in 2024; short-term debt: 62.3% and cash: 7.1% of total assets), and 65.4% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 45 years 0 50 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
34.6%
Return on assets
-3.1%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-02-2026, 18 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.
NBB · 10 filings
Deviation from the deadline
2025
18 d late
2024
31 d late
2022
31 d late
2021
2 d early
2020
1 d early
2019
61 d late
2018
7 d early
← before the deadline after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover
€16.89M▼ 38.4%
2024 · €27.41M
2018: €16.03M 2019: €14.36M▼ -10.4% vs 2018lowest value 2020: €16.15M▲ +12.5% vs 2019 2021: €15.88M▼ -1.7% vs 2020 2022: €20.24M▲ +27.4% vs 2021 2024: €27.41Mhighest value 2025: €16.89M▼ -38.4% vs 2024
2018 → 2025
EBIT margin
0.4%▼ 3.0pp
2024 · 3.4%
2018: 2.4% 2019: 0.5%▼ -80.7% vs 2018 2020: 2.4%▲ +409% vs 2019 2021: -0.2%▼ -108% vs 2020lowest value 2022: 2.7%▲ +1591% vs 2021 2024: 3.4%highest value 2025: 0.4%▼ -88.7% vs 2024
2018 → 2025
Net result
€-376k
2024 · €245k
2018: €198k 2019: €-81k▼ -141% vs 2018 2020: €36k▲ +144% vs 2019 2021: €-57k▼ -260% vs 2020 2022: €220k▲ +484% vs 2021 2024: €245khighest value 2025: €-376k▼ -253% vs 2024lowest value
2018 → 2025
Working capital
€3.57M▼ 14.2%
2024 · €4.16M
2018: €4.40Mhighest value 2019: €4.32M▼ -1.7% vs 2018 2020: €4.28M▼ -0.9% vs 2019 2021: €4.28M▼ -0.1% vs 2020 2022: €4.12M▼ -3.7% vs 2021 2024: €4.16M 2025: €3.57M▼ -14.2% vs 2024lowest value
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220242025Trend
Turnover€16.15M-€15.88M▼ 1.7%€20.24M▲ 27.4%€27.41M▲ 35.4%€16.89M▼ 38.4% 2020: €16.15M 2021: €15.88M▼ -1.7% vs 2020lowest value 2022: €20.24M▲ +27.4% vs 2021 2024: €27.41Mhighest value 2025: €16.89M▼ -38.4% vs 2024
Equity€4.58M-€4.53M▼ 1.3%€4.53M▲ 0.1%€4.54M▲ 0.1%€4.16M▼ 8.3% 2020: €4.58Mhighest value 2021: €4.53M▼ -1.3% vs 2020 2022: €4.53M▲ +0.1% vs 2021 2024: €4.54M 2025: €4.16M▼ -8.3% vs 2024lowest value
Operating result€383k-€-29k€551k€921k▲ 67.2%€64k▼ 93.0% 2020: €383k 2021: €-29k▼ -108% vs 2020lowest value 2022: €551k▲ +2000% vs 2021 2024: €921khighest value 2025: €64k▼ -93.0% vs 2024
Net result€36k-€-57k€220k€245k▲ 11.2%€-376k 2020: €36k 2021: €-57k▼ -260% vs 2020 2022: €220k▲ +484% vs 2021 2024: €245khighest value 2025: €-376k▼ -253% vs 2024lowest value
Result per fiscal year
Operating resultNet result
€-500k€0€500k€1.00MOperating result 2020: €383k€383kNet result 2020: €36k€36kOperating result 2021: €-29k€-29kNet result 2021: €-57k€-57kOperating result 2022: €551k€551kNet result 2022: €220k€220kOperating result 2024: €921k€921kNet result 2024: €245k€245kOperating result 2025: €64k€64kNet result 2025: €-376k€-376k20202021202220242025€-500k€0€500k€1MOperating result 2022: €551k€551kNet result 2022: €220k€220kOperating result 2024: €921k€921kNet result 2024: €245k€245kOperating result 2025: €64k€64kNet result 2025: €-376k€-376k202220242025
The operating result falls in 2025; 2025 is 93% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.04M
Fixed assets €972k ▲ 12.8%
Current assets €11.07M ▼ 20.4%
Equity and liabilities €12.04M
Equity €4.16M ▼ 8.3%
Provisions €66k ▼ 7.0%
Debt €7.82M ▼ 23.1%
Debt's share of the balance-sheet total falls from 68.8% to 64.9%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€242k▼
2024 · €1.16M
Cash flow
€-198k▼
2024 · €483k
Current ratio
1.48▲
2024 · 1.43
Quick ratio
0.63▼
2024 · 0.85
Debt to equity
1.88▼
2024 · 2.24
ROE
-9.0%▼
2024 · 5.4%
ROA
-3.1%▼
2024 · 1.7%
Interest coverage
1.40▼
2024 · 3.44
Debt ≤ 1 year
€7.50M▼
2024 · €9.75M
Debt > 1 year
€299k▼
2024 · €400k
Income taxes
€-608▼
2024 · €121k
Staff costs
€2.02M▼
2024 · €2.69M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 88 lines
Balance sheet Code20242025
Assets
Total assets20/58€14.77M€12.04M▼
Fixed assets21/28€862k€972k▲
Intangible fixed assets21€425k€520k▲
Tangible fixed assets22/27€414k€430k▲
Land and buildings22€157k€173k▲
Plant, machinery and equipment23€48k€69k▲
Furniture and vehicles24€76k€77k▲
Leasing and similar rights25€133k€111k▼
Other tangible fixed assets26€1k€381▼
Financial fixed assets28€23k€23k=
Other financial fixed assets284/8€23k€23k=
Amounts receivable and cash guarantees285/8€23k€23k=
Current assets29/58€13.91M€11.07M▼
Stocks and contracts in progress3€5.59M€6.33M▲
Stocks30/36€5.59M€6.33M▲
Goods purchased for resale34€5.59M€6.33M▲
Amounts receivable within one year40/41€6.28M€3.73M▼
Trade receivables40€6.25M€3.70M▼
Other amounts receivable41€29k€26k▼
Cash at bank and in hand54/58€1.92M€851k▼
Deferred charges and accrued income490/1€126k€166k▲
Equity and liabilities
Total equity and liabilities10/49€14.77M€12.04M▼
Equity10/15€4.54M€4.16M▼
Contributions10/11€570k€570k=
Capital10€570k€570k=
Issued capital100€570k€570k=
Reserves13€652k€652k=
Non-distributable reserves130/1€57k€57k=
Legal reserve130€57k€57k=
Tax-exempt reserves132€4k€4k=
Distributable reserves133€591k€591k=
Profit (loss) carried forward14€3.31M€2.94M▼
Provisions and deferred taxes16€71k€66k▼
Provisions for liabilities and charges160/5€71k€66k▼
Major repairs and maintenance162€0-
Environmental obligations163-€66k
Other liabilities and charges164/5€71k-
Amounts payable17/49€10.16M€7.82M▼
Amounts payable after more than one year17€400k€299k▼
Financial debts170/4€400k€299k▼
Leasing and similar obligations172€100k€72k▼
Credit institutions173€300k€227k▼
Amounts payable within one year42/48€9.75M€7.50M▼
Current portion of amounts payable after more than one year42€114k€123k▲
Financial debts43€5.40M€5.53M▲
Credit institutions430/8€5.40M€5.53M▲
Trade debts44€3.38M€1.10M▼
Suppliers440/4€3.38M€1.10M▼
Taxes, remuneration and social security45€612k€578k▼
Taxes450/3€414k€376k▼
Remuneration and social security454/9€198k€202k▲
Other amounts payable47/48€242k€180k▼
Accrued charges and deferred income492/3€14k€14k▼
Income statement Code20242025
Operating income70/76A€27.60M€17.53M▼
Turnover70€27.41M€16.89M▼
Other operating income74€188k€646k▲
Non-recurring operating income76A€3k€0▼
Operating charges60/66A€26.68M€17.47M▼
Goods for resale, raw materials and consumables60€17.86M€11.29M▼
Purchases600/8€15.34M€12.04M▼
Change in stocks: decrease (increase)609€2.51M€-741k▼
Services and other goods61€5.73M€3.87M▼
Remuneration, social security and pensions62€2.69M€2.02M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€238k€178k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€42k€8k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€17k€-5k▼
Other operating charges640/8€117k€105k▼
Operating profit (loss)9901€921k€64k▼
Financial income75/76B€13k€49k▲
Recurring financial income75€13k€49k▲
Income from current assets751€2k€894▼
Other financial income752/9€11k€48k▲
Financial charges65/66B€569k€490k▼
Recurring financial charges65€569k€490k▼
Debt charges650€337k€173k▼
Other financial charges652/9€232k€317k▲
Profit (loss) for the period before taxes9903€366k€-377k▼
Income taxes67/77€121k€-608▼
Taxes670/3€121k€3k▼
Tax adjustments and reversals of tax provisions77€27€3k▲
Profit (loss) for the period9904€245k€-376k▼
Profit (loss) for the period to be appropriated9905€245k€-376k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.56M€2.94M▼
Profit (loss) brought forward from the previous period14P€3.31M€3.31M▲
Profit to be distributed694/7€241k€0▼
Return on contributions (dividend)694€200k€0▼
Employees696€41k€0▼
Social balance
Average headcount (FTE)908737.439.8▲

The notes to these accounts (85 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20202021202220242025Change
Operating income70/76A-€16.04M€20.35M€27.60M€17.53M▼ 36.5%
Turnover70€16.15M€15.88M€20.24M€27.41M€16.89M▼ 38.4%
Other operating income74-€160k€112k€188k€646k▲ 244%
Non-recurring operating income76A-€0€4k€3k€0▼ 100%
Operating charges60/66A-€16.07M€19.80M€26.68M€17.47M▼ 34.5%
Goods for resale, raw materials and consumables60-€10.99M€14.14M€17.86M€11.29M▼ 36.7%
Purchases600/8-€15.86M€13.02M€15.34M€12.04M▼ 21.6%
Change in stocks: decrease (increase)609-€-4.87M€1.12M€2.51M€-741k▼ 129%
Services and other goods61-€3.41M€3.75M€5.73M€3.87M▼ 32.5%
Remuneration, social security and pensions62-€1.56M€1.68M€2.69M€2.02M▼ 24.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€124k€136k€126k€238k€178k▼ 25.2%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-33k€-40k€42k€8k▼ 81.4%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-55k€6k€17k€-5k▼ 129%
Other operating charges640/8-€77k€140k€117k€105k▼ 10.5%
Non-recurring operating charges66A-€0----
Operating profit (loss)9901€383k€-29k€551k€921k€64k▼ 93.0%
Financial income75/76B-€30k€28k€13k€49k▲ 262%
Recurring financial income75€11k€30k€28k€13k€49k▲ 262%
Income from current assets751-€0€1k€2k€894▼ 62.5%
Other financial income752/9-€30k€27k€11k€48k▲ 331%
Financial charges65/66B-€54k€275k€569k€490k▼ 13.9%
Recurring financial charges65€342k€54k€275k€569k€490k▼ 13.9%
Debt charges650€38k€53k€89k€337k€173k▼ 48.6%
Other financial charges652/9-€1k€186k€232k€317k▲ 36.5%
Profit (loss) for the period before taxes9903€52k€-53k€303k€366k€-377k▼ 203%
Income taxes67/77€16k€4k€83k€121k€-608▼ 101%
Taxes670/3-€4k€84k€121k€3k▼ 97.9%
Tax adjustments and reversals of tax provisions77-€0€1k€27€3k▲ 11,398%
Profit (loss) for the period9904€36k€-57k€220k€245k€-376k▼ 253%
Profit (loss) for the period to be appropriated9905€36k€-57k€220k€245k€-376k▼ 253%
Line20202021202220242025Change
Assets
Total assets20/58€10.13M€15.47M€14.47M€14.77M€12.04M▼ 18.5%
Fixed assets21/28€492k€471k€587k€862k€972k▲ 12.8%
Intangible fixed assets21€100k€113k€269k€425k€520k▲ 22.2%
Tangible fixed assets22/27€386k€354k€312k€414k€430k▲ 3.9%
Land and buildings22-€145k€162k€157k€173k▲ 10.1%
Plant, machinery and equipment23-€70k€55k€48k€69k▲ 45.3%
Furniture and vehicles24-€135k€93k€76k€77k▲ 1.6%
Leasing and similar rights25---€133k€111k▼ 16.4%
Other tangible fixed assets26-€4k€3k€1k€381▼ 71.2%
Financial fixed assets28€5k€5k€5k€23k€23k=
Other financial fixed assets284/8-€5k€5k€23k€23k=
Amounts receivable and cash guarantees285/8-€5k€5k€23k€23k=
Current assets29/58€9.63M€15.00M€13.88M€13.91M€11.07M▼ 20.4%
Stocks and contracts in progress3€4.35M€9.22M€8.10M€5.59M€6.33M▲ 13.3%
Stocks30/36-€9.22M€8.10M€5.59M€6.33M▲ 13.3%
Goods purchased for resale34-€9.22M€8.10M€5.59M€6.33M▲ 13.3%
Amounts receivable within one year40/41€3.76M€4.95M€4.09M€6.28M€3.73M▼ 40.6%
Trade receivables40-€4.93M€3.96M€6.25M€3.70M▼ 40.8%
Other amounts receivable41-€18k€127k€29k€26k▼ 8.4%
Cash at bank and in hand54/58€1.41M€703k€1.64M€1.92M€851k▼ 55.6%
Deferred charges and accrued income490/1-€129k€59k€126k€166k▲ 32.0%
Equity and liabilities
Total equity and liabilities10/49€10.13M€15.47M€14.47M€14.77M€12.04M▼ 18.5%
Equity10/15€4.58M€4.53M€4.53M€4.54M€4.16M▼ 8.3%
Contributions10/11€570k€570k€570k€570k€570k=
Capital10-€570k€570k€570k€570k=
Issued capital100-€570k€570k€570k€570k=
Reserves13€652k€652k€652k€652k€652k=
Non-distributable reserves130/1-€57k€57k€57k€57k=
Legal reserve130-€57k€57k€57k€57k=
Tax-exempt reserves132-€4k€4k€4k€4k=
Distributable reserves133-€591k€591k€591k€591k=
Profit (loss) carried forward14€3.36M€3.30M€3.31M€3.31M€2.94M▼ 11.3%
Provisions and deferred taxes16€107k€51k€57k€71k€66k▼ 7.0%
Provisions for liabilities and charges160/5-€51k€57k€71k€66k▼ 7.0%
Major repairs and maintenance162-€3k€3k€0--
Environmental obligations163----€66k-
Other liabilities and charges164/5-€48k€54k€71k--
Amounts payable17/49€5.43M€10.89M€9.88M€10.16M€7.82M▼ 23.1%
Amounts payable after more than one year17€69k€33k€7k€400k€299k▼ 25.2%
Financial debts170/4-€33k€7k€400k€299k▼ 25.2%
Leasing and similar obligations172---€100k€72k▼ 27.7%
Credit institutions173-€33k€7k€300k€227k▼ 24.4%
Amounts payable within one year42/48€5.35M€10.72M€9.77M€9.75M€7.50M▼ 23.0%
Current portion of amounts payable after more than one year42-€37k€26k€114k€123k▲ 8.1%
Financial debts43-€8.44M€5.96M€5.40M€5.53M▲ 2.3%
Credit institutions430/8-€8.44M€5.96M€5.40M€5.53M▲ 2.3%
Trade debts44€1.66M€1.83M€3.10M€3.38M€1.10M▼ 67.6%
Suppliers440/4-€1.83M€3.10M€3.38M€1.10M▼ 67.6%
Taxes, remuneration and social security45-€385k€466k€612k€578k▼ 5.7%
Taxes450/3-€198k€214k€414k€376k▼ 9.3%
Remuneration and social security454/9-€187k€251k€198k€202k▲ 1.9%
Other amounts payable47/48-€41k€215k€242k€180k▼ 25.7%
Accrued charges and deferred income492/3-€137k€107k€14k€14k▼ 0.3%
Line20202021202220242025Change
Profit (loss) for the period9904€36k€-57k€220k€245k€-376k▼ 253%
+ Depreciation and write-downs630€124k€136k€126k€238k€178k▼ 25.2%
Operating cash flow (approximation)€159k€78k€347k€483k€-198k▼ 141%
Investment in fixed assets (approximation)-€-115k€-242k-€-288k-
Change in cash-€-702k€935k-€-1.07M-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
18-02
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 18 days late
2025
30-06
Financial Weakest financial yearnet €-376k
Net result drops to €-376k, the lowest in the series.
03-03
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 31 days late
2024
30-06
Financial Highest result since 2018net €245k ▲11.2%
Operating result €921k, net result €245k, both a record.
2023
31-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial Back to profitnet €220k
Net result €220k after one loss-making year.
29-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
30-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Back to profitnet €36k
Net result €36k after one loss-making year.
30-09
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
24-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
26-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
17-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 17 days late
2016
29-07
NBB filing Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts

We know of 12 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.

Directors · office · real estate

Directors
12 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Montigny-le-Tilleul · 2 establishment units since 1980
seat establishment approximate 1 of 2 establishment units on the map
Ground area
1,429 m²
Parcel 52048B0345/00V000, Wallonia. Linked by address, not a title deed.
2 establishment units
Rue de Gozée 81, 6110 Montigny-le-Tilleul
Manufacture of machinery and equipment not elsewhere classified
since 19802.235.180.896
Zone Lumat - Port autonome -, 6061 Charleroi
Manufacture of machinery and equipment not elsewhere classified
since 20072.018.157.749
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52048B0345/00V000 Wallonia 1,429 m² - -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Legal Entity Identifier

549300JC3HI3K7ZSYU66
live in the LEI register

Similar companies · same sector, comparable size

Of 1,565 companies in sector 46900 we hold annual accounts for 920. 398 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded13-11-1980
Fiscal year end30-06
Activities, NACEBEL 2025
28120Manufacture of machinery and equipment not elsewhere classified
46900Non-specialised wholesale trade
46140Agents in the wholesale of industrial machinery, ships and aircraft
Contact
Phone 071/29.70.70Montigny-le-Tilleul

Scores and ratios are computed by Checked and are not a credit decision.