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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 €4.2m and a net result of -€376,239. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 38% of 5730 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Risk analysisWatch ReportCompare
ELEMActiveChecked score 79/100
Risk analysis ReportCompare

Overview

Activity
Non-specialised wholesale trade
NACE 46900Manufacture of machinery and equipment not elsewhere classified NACE 28120NACE 29120
#1 company by total assets in Montigny-le-Tilleul, Wholesale and retail trade sector2 sites
Size
€16.9mturnover 2025
Staff
39.8 FTE
Equity
€4.2m
Loss
-€376,239
Financial health
79 Excellent Checked score 2025
Bankruptcy chance 12 m
0.5%
Structure
Parent
FINANCES ET TECHNIQUES Holding · 88.64%
Accounts filed 18 d late0 of 12 deeds read
Why 79- Loss of €376,239 (FY 2025)- Latest accounts 19 days late; 2 of the last 3 late- Liquidity: current ratio 1.48, cash €851,198, halved+ Founded in 1980Show the evidence

Checked score

Score 2025
79 / 100
Excellent
Probability in this band: under 0.55%
Better than 23% of its sector peers (NACE 46, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 60+4
equity 34.6% of total assets
Liquidity 26-5
short-term debt 62.3% · cash 7.1%
Profitability 26-19
return on assets -3.1%
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,366 companies)
Last 24 months 11-2024: 0.9% 12-2024: 1.2%▲ +30.7% vs 11-2024 01-2025: 2.0%▲ +69.8% vs 12-2024highest value 02-2025: 2.0%● 0.0% vs 01-2025highest value 03-2025: 2.0%● 0.0% vs 02-2025highest value 04-2025: 0.2%▼ -89.7% vs 03-2025 05-2025: 0.2%● 0.0% vs 04-2025 06-2025: 0.2%● 0.0% vs 05-2025 07-2025: 0.2%● 0.0% vs 06-2025 08-2025: 0.2%▼ -3.8% vs 07-2025 09-2025: 0.2%▼ -3.0% vs 08-2025 10-2025: 0.2%▼ -3.1% vs 09-2025 11-2025: 0.2%▲ +3.2% vs 10-2025 12-2025: 0.2%▼ -4.6% vs 11-2025lowest value 01-2026: 0.3%▲ +35.3% vs 12-2025 02-2026: 0.5%▲ +81.4% vs 01-2026 03-2026: 0.5%▲ +14.2% vs 02-2026 04-2026: 0.5%● 0.0% vs 03-2026 05-2026: 0.5%● 0.0% vs 04-2026 06-2026: 0.5%● 0.0% vs 05-2026 07-2026: 0.5%● 0.0% vs 06-2026 08-2026: 0.5%▼ -3.6% vs 07-2026 09-2026: 0.5%▼ -3.0% vs 08-2026 10-2026: 0.5%▲ +0.8% vs 09-2026
  • Loss of €376,239 (FY 2025) raises the probability
  • Founded in 1980 lowers the probability for this profile
  • Latest accounts 19 days late; 2 of the last 3 late raises the probability
  • Liquidity: current ratio 1.48, cash €851,198, halved raises the probability
Credit up to €320,000 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.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, small). Better than this share of them on solvency 40%, liquidity 24%, profitability 16%, growth against the median 11%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Loss of €376,239 (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1980
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Latest accounts 19 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Liquidity: current ratio 1.48, cash €851,198, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
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 →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

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 close03-10-2026 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
  1. Annual accounts filedfiscal year 2025 · full…
  2. Weakest financial yearnet -€376,239
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Caution: From profit to loss in 2025after €245,169 in 2024 -€376,239 View
  • Caution: Among the weakest 8% on net resultsector median €116,013 · 5,674 companies -€376,239 View
  • Controlled by FINANCES ET TECHNIQUES Holding 88.64% View
  • Active since 1980founded 13-11-1980 45 years View

By topic

Financials

Fiscal year
2025
Turnover
€16.9m
Loss
-€376,239
Solvency
34.6%
Turnover▼ 38.4%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2016
Next accounts
by 31-01-2027
  1. 18-02-2026Annual accounts filed
  2. 30-06-2025Weakest financial year
  3. 03-03-2025Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Non-specialised wholesale tradeNACE 46900
Founded
13-11-1980
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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