ELSA EMOI
ActiveELSA EMOI has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8k and a net result of €-10k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 28% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency28▼-34
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.24 against 1.65 in 2024), and 81.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18.2%
Return on assets
-24.6%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€10k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
15 d early
2024
11 d late
2023
on the day
2022
19 d early
2021
2 d early
2020
38 d early
2019
4 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€8k▼ 57.4%
2024 · €18k
2018: €8k
2019: €9k
2020: €19k
2021: €14k
2022: €24k
2023: €27k
2024: €18k
2018 → 2025
Total assets
€41k▼ 28.6%
2024 · €58k
2018: €79k
2019: €77k
2020: €84k
2021: €84k
2022: €88k
2023: €76k
2024: €58k
2018 → 2025
Net result
€-10k▼ 10.0%
2024 · €-9k
2018: €-2k
2019: €1k
2020: €9k
2021: €-5k
2022: €10k
2023: €3k
2024: €-9k
2018 → 2025
Working capital
€8k▼ 65.6%
2024 · €22k
2018: €-2k
2019: €3k
2020: €15k
2021: €12k
2022: €37k
2023: €35k
2024: €22k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€24k▲ 73.8%€27k▲ 10.6%€18k▼ 34.3%€8k▼ 57.4%
Operating result€-7k-€11k€4k▼ 64.6%€-9k€-10k▼ 13.5%
Net result€-5k-€10k€3k▼ 75.1%€-9k€-10k▼ 10.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2025 against €9k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41k
Fixed assets
€2k=
Current assets
€39k▼ 29.8%
Equity and liabilities €41k
Equity
€8k▼ 57.4%
Debt
€34k▼ 16.0%
The debt ratio rises from 69.5% to 81.8%: equity shrinks faster than debt is paid down.
Key figures and ratios
Solvency
18.2%▼
2024 · 30.5%
Current ratio
1.24▼
2024 · 1.65
Quick ratio
0.44▼
2024 · 0.61
Debt / equity
4.48▲
2024 · 2.27
ROE
-134.6%▼
2024 · -52.1%
ROA
-24.6%▼
2024 · -15.9%
Debt
€34k▼
2024 · €40k
Debt ≤ 1 year
€32k▼
2024 · €34k
Debt > 1 year
€2k▼
2024 · €6k
Staff costs
€7k▼
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€58k€41k▼
Fixed assets21/28€2k€2k=
Tangible fixed assets22/27€0€0=
Furniture and vehicles24€0€0=
Financial fixed assets28€2k€2k=
Current assets29/58€56k€39k▼
Stocks and contracts in progress3€35k€25k▼
Stocks30/36€35k€25k▼
Amounts receivable within one year40/41€0€304▲
Trade receivables40€0€0=
Other amounts receivable41€0€304▲
Cash at bank and in hand54/58€21k€14k▼
Equity and liabilities
Total equity and liabilities10/49€58k€41k▼
Equity10/15€18k€8k▼
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€11k€11k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€10k€10k=
Profit (loss) carried forward14-€-10k
Amounts payable17/49€40k€34k▼
Amounts payable after more than one year17€6k€2k▼
Financial debts170/4€6k€2k▼
Amounts payable within one year42/48€34k€32k▼
Current portion of amounts payable after more than one year42€4k€4k▲
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Advances received on contracts in progress46-€368
Taxes, remuneration and social security45€6k€8k▲
Taxes450/3€6k€5k▼
Remuneration and social security454/9€331€2k▲
Other amounts payable47/48€18k€18k▼
Income statement
Code20242025
Remuneration, social security and pensions62€7k€7k▼
Other operating charges640/8€481€525▲
Gross operating margin9900€-1k€-3k▼
Operating profit (loss)9901€-9k€-10k▼
Financial charges65/66B€568€417▼
Recurring financial charges65€568€417▼
Profit (loss) for the period before taxes9903€-9k€-10k▼
Income taxes67/77€78-
Profit (loss) for the period9904€-9k€-10k▼
Profit (loss) for the period to be appropriated9905€-9k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-10k▼
Transfer from equity791/2€9k-
The notes to these accounts (4 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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Incourt · 1 establishment unit since 2016
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.
Chaussée de Jodoigne 11315 IncourtGround area
3,304 m²
Building footprint
117 m²
Volume, LiDAR
835 m³
2 parcels, Wallonia · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ELSA EMOI
since 20162.254.514.679
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25085D0192/00G000 | Wallonia | 3,170 m² | 1 · 97 m² | 10.1 m · 3 fl. |
| 25035B0007/00R000 | Wallonia | 134 m² | 1 · 19 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
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.
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SSTC
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KITCHEN AGENCY
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EASYDESIGN
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Of 2,588 companies in sector 47551 we hold annual accounts for 1,701. 554 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-06-2016
Fiscal year end31-12
Activities, NACEBEL
47551Retail sale of household furniture
47559Retail sale of other household articles
47591Retail trade
47599Retail trade
47784Retail sale of souvenirs and religious articles
47786Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.