ELVIR1
ActiveThe file of ELVIR1 contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The annual accounts of ELVIR1 for fiscal year 2025 show a net loss of 81% of the equity at the start of that year. The computed 12-month bankruptcy probability is 4.4% (elevated). The 2025 annual accounts show equity of €16k and a net result of €-71k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 13305 sector peers (fiscal year 2025).
Checked score
Score 2025
34
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency36▼-22
Growth32=
Track record85
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.16 against 1.41 in 2024; short-term debt: 41.9% of total assets), and 89.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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 2025Solvency, return and age of the figures
Solvency
10.8%
Return on assets
-47.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year €-71k
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 11-05-2026, 81 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
81 d early
2024
90 d early
2023
86 d early
2022
87 d early
2021
74 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€16k▼ 81.4%
2024 · €87k
2021: €89k
2022: €134k
2023: €157k
2024: €87k
2021 → 2025
Total assets
€149k▼ 44.0%
2024 · €266k
2021: €124k
2022: €259k
2023: €317k
2024: €266k
2021 → 2025
Net result
€-71k▼ 1.2%
2024 · €-70k
2021: €84k
2022: €45k
2023: €23k
2024: €-70k
2021 → 2025
Working capital
€-53k
2024 · €35k
2021: €30k
2022: €43k
2023: €61k
2024: €35k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€89k-€134k▲ 50.5%€157k▲ 17.4%€87k▼ 44.6%€16k▼ 81.4%
Operating result€84k-€49k▼ 42.3%€63k▲ 29.7%€-52k€-44k▲ 15.5%
Net result€84k-€45k▼ 46.5%€23k▼ 48.2%€-70k€-71k▼ 1.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €44k in 2025 against €52k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €149k
Fixed assets
€139k ▼ 5.4%
Current assets
€10k ▼ 91.8%
Equity and liabilities €149k
Equity
€16k ▼ 81.4%
Debt
€133k ▼ 25.9%
Debt's share of the balance-sheet total rises from 67.4% to 89.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-36k▲
2024 · €-47k
Cash flow
€-63k▲
2024 · €-65k
Current ratio
0.16▼
2024 · 1.41
Debt to equity
8.24▲
2024 · 2.07
ROE
-438.8%▼
2024 · -80.5%
ROA
-47.5%▼
2024 · -26.2%
Interest coverage
-4.58▲
2024 · -7.07
Debt ≤ 1 year
€62k▼
2024 · €85k
Debt > 1 year
€70k▼
2024 · €95k
Income taxes
€20k▲
2024 · €12k
Staff costs
€6k▼
2024 · €8k
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 · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€266k€149k▼
Fixed assets21/28€147k€139k▼
Tangible fixed assets22/27€147k€139k▼
Land and buildings22€112k€112k=
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€32k€25k▼
Current assets29/58€119k€10k▼
Amounts receivable within one year40/41€40k€10k▼
Trade receivables40€16k€3k▼
Other amounts receivable41€24k€7k▼
Cash at bank and in hand54/58€79k-
Equity and liabilities
Total equity and liabilities10/49€266k€149k▼
Equity10/15€87k€16k▼
Contributions10/11€5k€5k=
Capital10€5k€5k=
Issued capital100€5k€5k=
Reserves13€82k€11k▼
Distributable reserves133€82k€11k▼
Amounts payable17/49€180k€133k▼
Amounts payable after more than one year17€95k€70k▼
Financial debts170/4€95k€70k▼
Amounts payable within one year42/48€85k€62k▼
Current portion of amounts payable after more than one year42€26k€25k▼
Trade debts44€58k-
Suppliers440/4€58k-
Other amounts payable47/48-€38k
Income statement
Code20242025
Remuneration, social security and pensions62€8k€6k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€8k▲
Other operating charges640/8€520€172▼
Gross operating margin9900€-38k€-30k▲
Operating profit (loss)9901€-52k€-44k▲
Financial income75/76B€226€173▼
Recurring financial income75€226€173▼
Non-recurring financial income76B€226€173▼
Financial charges65/66B€7k€8k▲
Recurring financial charges65€7k€8k▲
Non-recurring financial charges66B€7k€8k▲
Profit (loss) for the period before taxes9903€-58k€-51k▲
Income taxes67/77€12k€20k▲
Profit (loss) for the period9904€-70k€-71k▼
Profit (loss) for the period to be appropriated9905€-70k€-71k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-70k€-71k▼
Transfer from equity791/2€70k€71k▲
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
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
14-01
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Brussel · ELVIR1 BV GROOT-BIJGAARDENSTRAAT 14, 1082 SINT-AGATHA-BERCHEM · event 01-01-2026
2025
31-12
Financial
Weakest financial yearnet €-71k
Net result drops to €-71k, the lowest in the series.
19-11
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · ELVIR1 BV GROOT-BIJGAAR- DENSTRAAT 14, 1082 SINT-AGATHA-BERCHEM · event 13-11-2025
02-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €157k ▲17.4%
3 profitable years in a row build equity to €157k.
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €134k ▲50.5%
2 profitable years in a row build equity to €134k.
18-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
SignalFinancial 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, Heusden-Zolder · 1 establishment unit since 2020
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.
Stationsstraat 693550 Heusden-ZolderGround area
93 m²
Building footprint
114 m²
Volume, LiDAR
724 m³
Parcel 71065A0451/00T000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELVIR1
since 20202.305.635.758
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065A0451/00T000 | Flanders | 93 m² | 1 · 114 m² | 8.1 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PATRICK SCHRUERS LUCHTHAVENLAAN 27 BUS 38,
1800 VILVOORDE |
13-11-2025 → 01-01-2026 |
Similar companies · same sector, comparable size
ABM-LLN
BE 0810.855.662
Ottignies-Louvain-la-Neuve · Eq €16,128
l'Y.C.
BE 0669.953.858
Olne · Eq €16,146
NIAKMS
BE 0765.527.166
Sint-Jans-Molenbeek · Eq €16,146
ALMA INVEST IMMO
BE 0799.352.848
Quévy · Eq €16,147
Yinco
BE 0714.939.488
Antwerpen · Eq €16,162
Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 7,796 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
Founded25-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56220Contract catering and other food service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.