Financials
- Fiscal year
- 2024
- Total assets
- €1.0m
- Profit
- €19,726
- Solvency
- 46.4%
Total assets▼ 0.6%
Net result
20182024
Elft
ActiveSummary
Elft has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €471,230 and a net result of €19,726. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 61% of 482 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Activity
Repair, maintenance and installation of machinery and equipment
NACE 33150Production of electricity from non-renewable sources NACE 35110Joinery installation NACE 43320
1 site
Size
€1.0mtotal assets 2024
- Staff
- 10.5 FTE
- Equity
- €471,230
- Profit
- €19,726
Turnover not published (abridged schema)
Structure
Accounts 66 d overdue0 of 3 deeds read
Why 71- Figures for FY 2024 (filed 27-08-2025)- 1 financial year not filed after the legal deadline; latest accounts 27 days late; 2 of the last 3 late+ Liquidity: current ratio 2.84, cash €198,388+ Founded in 1992Show the evidence
Checked score
Score 2024
71
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 54% of its sector peers (NACE 33, small)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
71=
equity 46.4% of total assets
Liquidity
67+1
short-term debt 22.0% · cash 19.5%
Profitability
71+1
return on assets 1.9%
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.8%
12-2024: 1.1%▲ +35.3% vs 11-2024
01-2025: 2.7%▲ +156% vs 12-2024highest value
02-2025: 0.5%▼ -82.5% vs 01-2025
03-2025: 0.5%▼ -3.0% vs 02-2025
04-2025: 0.4%▼ -4.4% vs 03-2025
05-2025: 0.4%▼ -1.1% vs 04-2025
06-2025: 0.4%▼ -12.9% vs 05-2025
07-2025: 0.4%▲ +5.8% vs 06-2025
08-2025: 0.6%▲ +49.4% vs 07-2025
09-2025: 0.2%▼ -60.6% vs 08-2025
10-2025: 0.2%▼ -2.6% vs 09-2025
11-2025: 0.2%● 0.0% vs 10-2025
12-2025: 0.2%● 0.0% vs 11-2025
01-2026: 0.2%▼ -0.9% vs 12-2025
02-2026: 0.2%● 0.0% vs 01-2026
03-2026: 0.2%▼ -0.9% vs 02-2026
04-2026: 0.2%▼ -8.9% vs 03-2026
05-2026: 0.2%▼ -1.5% vs 04-2026
06-2026: 0.2%▼ -7.9% vs 05-2026lowest value
07-2026: 0.2%▲ +1.6% vs 06-2026
08-2026: 0.4%▲ +97.4% vs 07-2026
09-2026: 0.4%▲ +14.7% vs 08-2026
10-2026: 0.6%▲ +36.2% vs 09-2026
- Figures for FY 2024 (filed 27-08-2025) raises the probability
- Liquidity: current ratio 2.84, cash €198,388 lowers the probability
- Founded in 1992 lowers the probability for this profile
- 1 financial year not filed after the legal deadline; latest accounts 27 days late; 2 of the last 3 late raises the probability
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.84 against 3.9 in 2023; short-term debt: 22% and cash: 19.5% of total assets), but 53.6% 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 33, small). Better than this share of them on solvency 61%, liquidity 84%, profitability 43%, growth against the median 26%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
153 d late
2022
70 d late
2021
7 d late
2020
163 d late
2019
73 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 82 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 (1)
- Annual accounts filedfiscal year 2024 · abbreviated…
- Annual accounts filedfiscal year 2023 · abbreviated…
- Annual accounts filedfiscal year 2022 · micro…
Key points
By topic
Timeline
- Events
- 12
- Since
- 2016
- 27-08-2025Annual accounts filed
- 31-12-2024Annual accounts filed
- 09-10-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Repair, maintenance and installation of machinery and equipmentNACE 33150
- Founded
- 04-03-1992
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
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