Elite Projects
ActiveSummary
Elite Projects has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €578k and a net result of €139k. Equity is growing by ~54.8% per year across the filed fiscal years. Its solvency ranks better than 88% of 9716 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability90▲+13
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 8.65 against 5.46 in 2023; short-term debt: 11.6% and cash: 3% of total assets), and 13.2% 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
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 2024Solvency, return and age of the figures
Solvency
86.8%
Return on assets
20.9%
Age of the figures
21 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
33 d early
2022
31 d early
2021
5 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€578k▲ 31.8%
2023 · €439k
2019: €8k
2020: €4k
2021: €156k
2022: €353k
2023: €439k
2019 → 2024
Total assets
€666k▲ 24.0%
2023 · €537k
2019: €2.41M
2020: €4.54M
2021: €2.88M
2022: €529k
2023: €537k
2019 → 2024
Net result
€139k▲ 62.3%
2023 · €86k
2019: €-3k
2020: €-4k
2021: €152k
2022: €197k
2023: €86k
2019 → 2024
Working capital
€589k▲ 34.3%
2023 · €439k
2019: €8k
2020: €4k
2021: €-2.22M
2022: €353k
2023: €439k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€4k-€156k▲ 3,835%€353k▲ 126%€439k▲ 24.3%€578k▲ 31.8%
Operating result€-3k-€297k€287k▼ 3.7%€107k▼ 62.6%€170k▲ 58.8%
Net result€-4k-€152k€197k▲ 29.4%€86k▼ 56.4%€139k▲ 62.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 59% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €666k
Equity
€578k ▲ 31.8%
Debt
€88k ▼ 10.5%
Debt's share of the balance-sheet total falls from 18.3% to 13.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
8.65▲
2023 · 5.46
Debt to equity
0.15▼
2023 · 0.22
ROE
24.1%▲
2023 · 19.6%
ROA
20.9%▲
2023 · 16.0%
Debt ≤ 1 year
€77k▼
2023 · €98k
Income taxes
€46k▲
2023 · €29k
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 · 2024 against 2023 · 34 lines
Balance sheet
Code20232024
Assets
Total assets20/58€537k€666k▲
Current assets29/58€537k€666k▲
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€332k€604k▲
Trade receivables40€52k€787▼
Other amounts receivable41€280k€603k▲
Cash at bank and in hand54/58€163k€20k▼
Deferred charges and accrued income490/1€42k€42k▼
Equity and liabilities
Total equity and liabilities10/49€537k€666k▲
Equity10/15€439k€578k▲
Contributions10/11€11k€11k=
Profit (loss) carried forward14€428k€567k▲
Amounts payable17/49€98k€88k▼
Amounts payable within one year42/48€98k€77k▼
Trade debts44€57k€54k▼
Suppliers440/4€57k€54k▼
Taxes, remuneration and social security45€0€6k▲
Taxes450/3€0€6k▲
Other amounts payable47/48€42k€16k▼
Accrued charges and deferred income492/3-€11k
Income statement
Code20232024
Other operating charges640/8€4k€3k▼
Gross operating margin9900€111k€173k▲
Operating profit (loss)9901€107k€170k▲
Financial income75/76B€11k€16k▲
Recurring financial income75€11k€16k▲
Financial charges65/66B€4k€428▼
Recurring financial charges65€4k€428▼
Profit (loss) for the period before taxes9903€115k€186k▲
Income taxes67/77€29k€46k▲
Profit (loss) for the period9904€86k€139k▲
Profit (loss) for the period to be appropriated9905€86k€139k▲
Appropriation of the result
Profit (loss) to be appropriated9906€428k€567k▲
Profit (loss) brought forward from the previous period14P€342k€428k▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €578k ▲31.8%
4 profitable years in a row build equity to €578k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2019net €197k ▲29.4%
Net result €197k, the highest in the series.
31-12
Financial
Liquidity times 16current ratio 3.00
Current ratio from 0.19 to 3.00; short-term debt falls from €2.72M to €177k.
31-12
Financial
Equity above €200kEq €353k ▲126%
2 profitable years in a row build equity to €353k.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €152k
Net result €152k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €156k ▲3835%
Equity rises from €4k to €156k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are 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, Hasselt · 1 establishment unit since 2018
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.
Thonissenlaan 73500 HasseltGround area
869 m²
Building footprint
409 m²
Volume, LiDAR
4,730 m³
Parcel 71022H1182/00F000, Flanders · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Elite Projects
since 20182.278.220.093
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H1182/00F000 | Flanders | 869 m² | 1 · 409 m² | 15.3 m · 4 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
AMBITOYS
BE 0449.239.464
Hasselt · Eq €578,415
ALPHA
BE 0442.290.108
Juprelle · Eq €578,553
BC INVEST
BE 0450.302.902
Middelkerke · Eq €578,623
SEALD
BE 0785.295.370
Hoogstraten · Eq €577,837
PRO/VEN
BE 0743.432.942
Zandhoven · Eq €578,960
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 4,569 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
Founded13-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.