ELF
ActiveSummary
ELF has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74k and a net result of €19k. Equity is growing by ~42.1% per year across the filed fiscal years. Its solvency ranks better than 50% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▼-7
Solvency55▲+12
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 7.93 against 2.81 in 2024; short-term debt: 12.3% and cash: 97.8% of total assets), but 70.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.7%
Return on assets
7.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-03-2026, 37 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
37 d early
2024
2 d early
2023
5 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€74k▲ 34.5%
2024 · €55k
2023: €28k
2024: €55k
2023 → 2025
Total assets
€250k▼ 19.5%
2024 · €311k
2023: €1,000k
2024: €311k
2023 → 2025
Net result
€19k▼ 30.4%
2024 · €27k
2023: €18k
2024: €27k
2023 → 2025
Working capital
€214k▲ 6.8%
2024 · €200k
2023: €268k
2024: €200k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€28k-€55k▲ 98.5%€74k▲ 34.5%
Operating result€32k-€72k▲ 127%€40k▼ 45.2%
Net result€18k-€27k▲ 53.6%€19k▼ 30.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 45% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €250k
Fixed assets
€6k
Current assets
€245k
Equity and liabilities €250k
Equity
€74k ▲ 34.5%
Debt
€176k ▼ 31.2%
Debt's share of the balance-sheet total falls from 82.2% to 70.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41k
Cash flow
€20k
Current ratio
7.93▲
2024 · 2.81
Debt to equity
2.36▼
2024 · 4.62
ROE
25.7%▼
2024 · 49.6%
ROA
7.6%▼
2024 · 8.8%
Interest coverage
2.93
Debt ≤ 1 year
€31k▼
2024 · €110k
Debt > 1 year
€145k=
2024 · €145k
Income taxes
€7k▼
2024 · €7k
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€311k€250k▼
Fixed assets21/28-€6k
Tangible fixed assets22/27-€6k
Furniture and vehicles24-€6k
Current assets29/58€311k€245k▼
Stocks and contracts in progress3€165k€0▼
Stocks30/36€165k€0▼
Amounts receivable within one year40/41€35k€0▼
Trade receivables40€35k€0▼
Cash at bank and in hand54/58€111k€245k▲
Equity and liabilities
Total equity and liabilities10/49€311k€250k▼
Equity10/15€55k€74k▲
Contributions10/11€10k€10k=
Reserves13€45k€64k▲
Distributable reserves133€45k€64k▲
Profit (loss) carried forward14€317€426▲
Amounts payable17/49€255k€176k▼
Amounts payable after more than one year17€145k€145k=
Financial debts170/4€145k€145k=
Amounts payable within one year42/48€110k€31k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€446€490▲
Suppliers440/4€446€490▲
Taxes, remuneration and social security45€10k€10k▲
Taxes450/3€10k€10k▲
Other amounts payable47/48€100k€20k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1k
Other operating charges640/8€877€934▲
Gross operating margin9900€73k€42k▼
Operating profit (loss)9901€72k€40k▼
Financial income75/76B-€541
Recurring financial income75-€541
Financial charges65/66B€38k€14k▼
Recurring financial charges65€38k€14k▼
Profit (loss) for the period before taxes9903€35k€26k▼
Income taxes67/77€7k€7k▼
Profit (loss) for the period9904€27k€19k▼
Profit (loss) for the period to be appropriated9905€27k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€45k€19k▼
Profit (loss) brought forward from the previous period14P€18k€317▼
Transfer to equity691/2€45k€19k▼
To other reserves6921€45k€19k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Liquidity triplescurrent ratio 7.93
Current ratio from 2.81 to 7.93; short-term debt falls from €110k to €31k.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2023net €27k ▲53.6%
Operating result €72k, net result €27k, both a record.
30-09
Financial
Liquidity doublescurrent ratio 2.81
Current ratio from 1.37 to 2.81; short-term debt falls from €732k to €110k.
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rudolfstraat 522018 AntwerpenGround area
116 m²
Building footprint
71 m²
Volume, LiDAR
675 m³
Parcel 11810K1697/00K004, Flanders · tallest building 15.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ELF
since 20222.332.736.865
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1697/00K004 | Flanders | 116 m² | 1 · 71 m² | 15.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
WP-Development
BE 0403.679.752
Edegem · Eq €74,444
Axel De Clercq
BE 0464.651.873
Oudenaarde · Eq €74,395
CodeSource
BE 0735.514.673
Heist-op-den-Berg · Eq €74,470
LEVANTO
BE 0557.973.001
Puurs-Sint-Amands · Eq €74,489
Améthyste
BE 0745.928.812
Liège · Eq €74,348
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 5,232 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-06-2022
Fiscal year end30-09
Activities, NACEBEL 2025
68121Development of residential building projects
43350Other building finishing work
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.