Active BE 0744.542.207Private limited company

ELEM CONCEPT

Neerstalse Steenweg 184 ·1190 Vorst, Belgium· 6 yrs active

Sector: Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden (56112)

Conclusion Checked

The computed 12-month bankruptcy probability of ELEM CONCEPT is 21.9% (high). The 2023 annual accounts show negative equity (€-13k) and a net result of €-4k. Equity is shrinking by ~87.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 310 sector peers (fiscal year 2023). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€-13k
Net result	€-4k
Better than sector	5%
Active	6 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

53 / 100

Mixed profile: strong on stability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 25

Profitability 50

Solvency 33

Growth 55

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

21.9% High

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +Higher-failure-rate sector +Young company +

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

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

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.

Health barometer FY 2023 · computed

25 / 100 Weak

050100

Computed from 4 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 2023. Indicative, not credit advice.

Financial overview4 NBB filings

Annual accounts filed on 15-07-2024 with the NBB · fiscal year 2023 · volledig

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~87.2%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2023 · NACE 56, Food & beverage service · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	-8425.8%	13.1%	better than 5% of 310 sector peers
Net result	€-4k	€2k	better than 39% of 311 sector peers
Equity	€-13k	€16k	better than 28% of 312 sector peers
Gross operating margin	€-4k	€133k	better than 9% of 299 sector peers
Total assets	€155	€219k	better than 5% of 311 sector peers

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

Revenue

€28k

+503.2% 20-23

Net profit

€-4k

+47.0% 20-23

Total assets

€155

-87.5% 20-23

Equity

€-13k

-44.0% 20-23

Working capital

€-13k

-44.0% 20-23

Debt

€13k

+28.2% 20-23

Debt ≤ 1y

€13k

+28.2% 20-23

Current ratio

0.01

-90.3% 20-23

Quick ratio

0.01

-90.3% 20-23

Solvency

-8425.8%

-1054.2% 20-23

Debt / equity

-1.01

+11.0% 20-23

ROE

30.6%

-63.2% 20-23

ROA

-2576.1%

-325.0% 20-23

Net margin

-14.4%

+91.2% 20-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	volledig
Revenue	€28k
EBITDA	-
Net profit	€-4k
Cash flow	-
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€155
Equity	€-13k
Debt	€13k
of which ≤ 1y	€13k
of which > 1y	-
Working capital	€-13k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	0.01
Quick ratio	0.01
Working capital ratio	-8425.8%
Solvency	-8425.8%
Debt / equity	-1.01
Long-term debt ratio	-
Interest coverage	-
Gross margin	-13.2%
Net margin	-14.4%
ROA	-2576.1%
ROE	30.6%
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	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€155
Current assets	29/58	€155
Cash & bank	54/58	€155
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€155
Equity	10/15	€-13k
Contributions / capital	10/11	€2k
Accumulated profits (losses)	14	€-15k
Amounts payable	17/49	€13k
Amounts payable within one year	42/48	€13k
Income statement
Turnover	70	€28k
Gross operating margin	9900	€-4k
Operating result	9901	€-4k
Financial charges	65	€342
Result before taxes	9903	€-4k
Net result for the period	9904	€-4k
Result to be appropriated	9905	€-4k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 3 directors

Current directors & mandates

AHLOUMOU Ilias
Director
State Gazette act 21129170 (29-10-2021)

Current
16-08-2021 → present

Former directors (2)

BILAL BOUTSAKOURIN
Director
State Gazette act 22116901 (03-10-2022)

Former
31-08-2022 → 30-12-2024
3 events
- 30-12-2024 Resigned· Director
- 31-08-2022 Appointed· Director
- 16-08-2021 Resigned· Director
BARKHANE Issam
Director
State Gazette act 21129170 (29-10-2021)

Former
16-08-2021 → 31-08-2022
2 events
- 31-08-2022 Resigned· Director
- 16-08-2021 Appointed· Director

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Legal Structure

NACE primary	Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden(56112)
Legal form	Private limited company(610)
Incorporation	27-02-2020
Status	Active
Postal code	1190

Establishment units 1 location

ELEM CONCEPT

Vlaanderenstraat 66, 1800 VilvoordeSorteren van ongevaarlijk afval

since 20202.300.269.381

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

Real-estate footprint Source: CBE × cadastre

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 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21384D0305/00G000	Brussels	4,674 m²	1 · 2,957 m²	11.9 m · 2 fl.
23642D0402/00F000	Flanders	67 m²	1 · 70 m²	9.9 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 8 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

12-02-2026

State Gazette act Director changes

v3.2

2024

15-07-2024

NBB filing Annual accounts filed

fiscal year 2023 · volledig

2023

07-09-2023

NBB filing Annual accounts filed

fiscal year 2022 · volledig

2022

03-10-2022

State Gazette act Director changes

v3.2

01-09-2022

NBB filing Annual accounts filed

fiscal year 2021 · micro

2021

27-12-2021

NBB filing Annual accounts filed

fiscal year 2020 · micro

29-10-2021

State Gazette act Director changes

v3.2

2020

02-03-2020

State Gazette act Incorporation

oprichting

Belgisch Staatsblad, acts 4 acts

All acts · 4 updated 6 months ago

2026

12-02-2026 BILAL BOUTSAKOURIN resigns as director Director changes

BILAL BOUTSAKOURIN, Bestuurder

Summary: v3.2

Original publication ↗

Technical details

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  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
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        "name": "BILAL BOUTSAKOURIN",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2024-12-30",
      "evidence_quote": "M. Boutsakourin Bilal n\u0027est plus administrateur \u00E0 partir du 30/12/2024."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0744.542.207",
    "name_full": "ELEM CONCEPT",
    "legal_form": "SRL"
  }
}

2022

03-10-2022 1 director appointed, 1 resigning Director changes

BOUTSAKOURIN Bilal, Bestuurder
BARKHANE Issam, Bestuurder

Summary: v3.2

Original publication ↗

Technical details

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  "events": [
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      "kind": "director_out",
      "role": "bestuurder",
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      },
      "effective_date": "2022-08-31",
      "evidence_quote": "L\u0027assembl\u00E9e accepte la d\u00E9mission, en date du 31/08/2022, de M. BARKHANE Issam en tant qu\u0027administrateur."
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
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        "name": "BOUTSAKOURIN Bilal",
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      },
      "effective_date": "2022-08-31",
      "evidence_quote": "L\u0027assembl\u00E9e accepte la Nomination, en date du 31/08/2022, de M. BOUTSAKOURIN Bilal en tant qu\u0027administrateur,"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
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  "subject_company": {
    "kbo": "0744.542.207",
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2021

29-10-2021 2 directors appointed, 1 resigning Director changes

AHLOUMOU Ilias, Bestuurder
BARKHANE Issam, Bestuurder
BOUTSAKOURIN Bilal, Bestuurder

Summary: v3.2

Original publication ↗

Technical details

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  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "BOUTSAKOURIN Bilal",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2021-08-16",
      "evidence_quote": "L\u0027assembl\u00E9e accepte la d\u00E9mission de M. BOUTSAKOURIN Bilal en tant qu\u0027administrateur \u00E0 partir du 16/08/2021"
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "AHLOUMOU Ilias",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2021-08-16",
      "evidence_quote": "L\u0027assembl\u00E9e accepte la nomination de M. AHLOUMOU llias en tant qu\u0027administrateur \u00E0 partir du 16/08/2021"
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "BARKHANE Issam",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2021-08-16",
      "evidence_quote": "L\u0027assembl\u00E9e accepte la nomination de M. BARKHANE Issam en tant qu\u0027administrateur \u00E0 partir. 16/08/2021"
    }
  ],
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  "act_meta": {
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  },
  "subject_company": {
    "kbo": "0744.542.207",
    "name_full": "ELEM CONCEPT",
    "legal_form": "SRL"
  }
}

2020

02-03-2020 Incorporation of a new SRL Incorporation

Summary: oprichting

Original publication ↗

Technical details

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  "kind": "oprichting",
  "seat": "1190 Forest, Chauss\u00E9e de Neerstalle 184",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": null,
        "name": "BOUTSAKOURIN Bilal",
        "niss": null,
        "address": "7880 Flobecq, rue Ren\u00E9 Dubreucq 16"
      },
      "share_class": "Ordinary",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 2000,
      "holder_person_name": "BOUTSAKOURIN Bilal",
      "is_subscriber_only": false,
      "n_shares_subscribed": 100,
      "amount_subscribed_eur": 25000,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 25000,
  "subject_company": {
    "kbo": "0744.542.207",
    "name_full": "ELEM CONCEPT",
    "legal_form": "SRL"
  },
  "initial_directors": [],
  "incorporation_date": "2020-02-20",
  "post_incorporation_mandates": []
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112Handelsbemiddeling in goederen, algemeen assortiment46190Handelsbemiddeling in de niet-gespecialiseerde groothandel46190Opslag in koelpakhuizen en overige opslag52100Opslag52100

Primary activity highlighted.

Names & trade names

Legal nameFR

ELEM CONCEPT

Registered office

Neerstalse Steenweg 184

1190 Vorst, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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