ELSIF
ActiveELSIF has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6k and a net result of €2k. Equity is growing by ~34% per year across the filed fiscal years. Its solvency ranks better than 25% of 20787 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
86
/ 100
Excellent▲ +38 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+26
Solvency53▲+36
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.05 against 0.89 in 2023), and 67% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
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 2024Solvency, return and age of the figures
Solvency
33%
Return on assets
10.1%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 20787 sector peers (2024).
NBB · sector comparisonPosition among 20787 sector peers
Solvency
better than 25%
← weakest
strongest →
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 02-06-2025, 59 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
59 d early
2023
28 d early
2022
34 d early
2021
95 d early
2020
60 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€6k▲ 44.2%
2023 · €4k
2020: €2k
2021: €3k
2022: €4k
2023: €4k
2020 → 2024
Total assets
€18k▼ 43.3%
2023 · €33k
2020: €7k
2021: €31k
2022: €34k
2023: €33k
2020 → 2024
Net result
€2k▲ 198%
2023 · €627
2020: €825
2021: €773
2022: €1k
2023: €627
2020 → 2024
Working capital
€595
2023 · €-3k
2020: €-328
2021: €-5k
2022: €-1k
2023: €-3k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2k-€3k▲ 42.3%€4k▲ 38.6%€4k▲ 17.4%€6k▲ 44.2%
Operating result€1k-€2k▲ 54.3%€3k▲ 45.3%€2k▼ 33.3%€4k▲ 107%
Net result€825-€773▼ 6.3%€1k▲ 29.9%€627▼ 37.6%€2k▲ 198%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 107% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €18k
Fixed assets
€6k▼ 22.5%
Current assets
€13k▼ 48.7%
Equity and liabilities €18k
Equity
€6k▲ 44.2%
Debt
€12k▼ 56.3%
The debt ratio falls from 87.0% to 67.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€7k▲
2023 · €5k
Cash flow
€6k▲
2023 · €4k
Solvency
33.0%▲
2023 · 13.0%
Current ratio
1.05▲
2023 · 0.89
Quick ratio
1.05▲
2023 · 0.89
Debt / equity
2.03▼
2023 · 6.70
ROE
30.6%▲
2023 · 14.8%
ROA
10.1%▲
2023 · 1.9%
Interest coverage
68.52▲
2023 · 35.41
Debt
€12k▼
2023 · €28k
Debt ≤ 1 year
€12k▼
2023 · €28k
Income taxes
€2k▲
2023 · €964
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€33k€18k▼
Formation expenses20€179€0▼
Fixed assets21/28€7k€6k▼
Tangible fixed assets22/27€7k€5k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€7k€3k▼
Financial fixed assets28€55€55=
Current assets29/58€25k€13k▼
Amounts receivable within one year40/41€22k€7k▼
Trade receivables40€22k€7k▼
Other amounts receivable41€336€0▼
Cash at bank and in hand54/58€911€5k▲
Deferred charges and accrued income490/1€2k€778▼
Equity and liabilities
Total equity and liabilities10/49€33k€18k▼
Equity10/15€4k€6k▲
Contributions10/11€1k€1k=
Reserves13€3k€5k▲
Distributable reserves133€3k€5k▲
Amounts payable17/49€28k€12k▼
Amounts payable within one year42/48€28k€12k▼
Trade debts44€17k€2k▼
Suppliers440/4€17k€2k▼
Taxes, remuneration and social security45€1k€4k▲
Taxes450/3€474€4k▲
Remuneration and social security454/9€973€0▼
Other amounts payable47/48€10k€6k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€499€513▲
Gross operating margin9900€5k€8k▲
Operating profit (loss)9901€2k€4k▲
Financial income75/76B€0€5▲
Recurring financial income75€0€5▲
Financial charges65/66B€135€108▼
Recurring financial charges65€135€108▼
Profit (loss) for the period before taxes9903€2k€3k▲
Income taxes67/77€964€2k▲
Profit (loss) for the period9904€627€2k▲
Profit (loss) for the period to be appropriated9905€627€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€627€2k▲
Transfer to equity691/2€627€2k▲
To other reserves6921€627€2k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €2k ▲198%
Operating result €4k, net result €2k, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €627 ▼37.6%
Net result drops to €627, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Brugge · 1 establishment unit since 2019
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.
Karel de Stoutelaan 998000 BruggeGround area
413 m²
Building footprint
112 m²
Volume, LiDAR
760 m³
Parcel 31808M0466/00T004, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ELSIF
since 20192.295.736.414
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31808M0466/00T004 | Flanders | 412 m² | 1 · 111 m² | 10.7 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.
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Of 29,884 companies in sector 62200 we hold annual accounts for 18,321. 6,966 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-11-2019
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
62010Computer programming, consultancy and related activities
62100Computer programming
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.