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ELIET

Active
Public limited companyfounded 1988active for 38 yearsZwevegemstraat(O) 136, 8553 Zwevegem, BelgiumKBO/BCE: BE 0434.780.526
Summary

ELIET has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.5m and a net result of €1.2m. Equity has been growing by about 8.7% per year since 2018. Its solvency ranks better than 84% of 384 sector peers (NACE 28, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 13-07-1988 Normal situation
Activity
Manufacture of machinery and equipment not elsewhere classified NACE 28300and 2 others
Joint committees
111 Paritair Comité voor de metaal-, machine- en elektrische bouw
209 Paritair Comité voor de bedienden der metaalfabrikatennijverheid · annual accounts 30-06-2025
Establishment unit
2.039.506.063 8553 Zwevegem, since 04-08-1988
Financial year end
30 June
Peppol
Reachable since 15-01-2026

Board and ownership

Board
  • FELTRONDirector · since 30-06-2025
Shareholders
  • FELTRON· score 8630-06-2025 annual accounts of FELTRON

Financial position

97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts to 30-06-2025
Turnover
€7.1m
▼ 33.2%
Profit
€1.2m
▲ 111%
Equity
€13.5m
▲ 1.8%
Total assets
€19.8m
▲ 27.2%
Employees on 30-06-2025
38
▲ 2.7%
Net result +111%: 6-month year
Score breakdownlowers riskLiquidity: current ratio 3.26, cash €3.7mFounded in 1988Equity €13.5m (68.1% of total assets)Size: turnover €7.1m, 36.1 FTE, total assets €19.8mShow the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 80% of small companies in fabricated metal products (NACE 25)
Financial strength · tick: 2024
Strong
Solvency 93-7
equity 68.1% of total assets
Liquidity 63-19
short-term debt 27.2% · cash 18.9%
Profitability 84+11
return on assets 6.1%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.3% (748 companies, NACE 25, small)
Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025lowest value 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: 0.1%▲ +0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025highest value 10-2025: < 0.1%▼ -0.1 percentage points vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €700,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.26 (9.54 in 2024), above the usual 1.5. Short-term debt is 27.2% and cash 18.9% of total assets. 31.9% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, small). It does better than 80% of them on solvency, 77% on liquidity and 82% on profitability.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 3.26, cash €3.7m
NBB · annual accounts
lowers risk · Founded in 1988
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €13.5m (68.1% of total assets)
NBB · annual accounts
lowers risk · Size: turnover €7.1m, 36.1 FTE, total assets €19.8m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 day early
2024
29 days late
2023
33 days early
2022
31 days early
2021
18 days early
2020
33 days early
2019
17 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 15 days before the deadline. In the sector (NACE 28), the median for financial year 2024 was 11 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Result rose in 20256-month financial year ▲ 111% View
  • Positive: 3rd largest company by equity in Zwevegem, Manufacturing sectorin the Checked rankings No. 3 View
  • Positive: 8 profitable years in a rowprofit 2025: €1.2m 8 years View

Recent changes

  1. · Gazette deed 1 director appointed, 2 directors resigningPermanent representatives: LIETAER Emiel and LIETAER Frederic · Change of role: FELTRON, from director to sole director · Resignation: LIETAER Frederic (director)
  2. · Gazette deed Incorporation
All 14 events

Comparable companies

These companies have the same main activity as ELIET: manufacture of machinery and equipment not elsewhere classified (NACE 28300). They are comparable in size and age: total assets between €4.1m and €21m, founded between 1969 and 2010.

CompanyTotal assetsTurnover
ELIET Zwevegem€19.8m€7.1m
DEPREZ CONSTRUCT Kortemark€21.2m€20.3m
Meyland Maldegem€9.7m€15.7m
DEZEURE Diksmuide€16.5m€25.5m
PoletDePypere Company Ardooie€8.7m€12.7m
PACKO Zedelgem€15.1m€27.8m
Key Technology Hasselt€4.1m€9.5m
Full comparison

Key facts about ELIET

What is the company number of ELIET?
The company number of ELIET is 0434.780.526. The VAT number is the same number with BE in front: BE 0434.780.526.
Where is ELIET based?
The registered office is at Zwevegemstraat(O) 136, 8553 Zwevegem.Company details
What does ELIET do?
According to the KBO register, the main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28300).
What is the legal form of ELIET?
The legal form of ELIET is Public limited company (NV).
When was ELIET founded?
ELIET was founded on 13-07-1988.
Is ELIET still active?
Yes, ELIET is an active enterprise in the KBO register.
How many employees does ELIET have?
ELIET had an average of 36.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does ELIET fall under?
In its 30-06-2025 annual accounts, ELIET states joint committees 111 (Paritair Comité voor de metaal-, machine- en elektrische bouw) and 209 (Paritair Comité voor de bedienden der metaalfabrikatennijverheid).
What is the turnover of ELIET?
The turnover of ELIET was €7.1m in financial year 2025, according to the filed annual accounts.
Is ELIET profitable?
In financial year 2025, ELIET made a profit of €1.2m.
Where can I find the annual accounts of ELIET?
ELIET filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.

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