VAN ELSACKER
ActiveSummary
VAN ELSACKER has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €76k and a net result of €-33k. Equity is shrinking by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 13% of 9038 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability33▼-19
Solvency32▼-1
Growth34▼-19
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity short (current ratio 0.61 against 0.82 in 2023; short-term debt: 24.6% and cash: 1.2% of total assets), and 93.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
6.6%
Return on assets
-2.9%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 9038 sector peers (2024).
NBB · sector comparisonPosition among 9038 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-09-2025, 48 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
48 d late
2023
29 d early
2022
31 d early
2021
33 d late
2020
20 d late
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€1.20M▼ 7.9%
2023 · €1.30M
2018: €1.13M
2019: €983k
2020: €1.15M
2021: €1.10M
2022: €1.07M
2023: €1.30M
2018 → 2024
EBIT margin
-1.5%▼ 3.3pp
2023 · 1.8%
2018: 0.2%
2019: 2.6%
2020: -3.3%
2021: -0.3%
2022: 0.6%
2023: 1.8%
2018 → 2024
Net result
€-33k
2023 · €9k
2018: €8k
2019: €30k
2020: €-32k
2021: €-21k
2022: €-3k
2023: €9k
2018 → 2024
Working capital
€-110k▼ 74.7%
2023 · €-63k
2018: €108k
2019: €141k
2020: €45k
2021: €-51k
2022: €-92k
2023: €-63k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.15M-€1.10M▼ 4.3%€1.07M▼ 2.7%€1.30M▲ 21.5%€1.20M▼ 7.9%
Equity€123k-€102k▼ 16.9%€100k▼ 2.6%€108k▲ 8.6%€76k▼ 30.1%
Operating result€-38k-€-3k▲ 91.0%€7k€24k▲ 251%€-18k
Net result€-32k-€-21k▲ 35.4%€-3k▲ 87.3%€9k€-33k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €18k after €24k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.15M
Fixed assets
€974k ▼ 5.0%
Current assets
€172k ▼ 38.5%
Equity and liabilities €1.15M
Equity
€76k ▼ 30.1%
Provisions
€5k ▲ 48.8%
Debt
€1.07M ▼ 10.7%
Debt's share of the balance-sheet total rises from 91.4% to 92.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€33k▼
2023 · €75k
Cash flow
€18k▼
2023 · €60k
Current ratio
0.61▼
2023 · 0.82
Quick ratio
0.32▼
2023 · 0.36
Debt to equity
14.07▲
2023 · 11.01
ROE
-43.2%▼
2023 · 8.0%
ROA
-2.9%▼
2023 · 0.7%
Interest coverage
2.29▼
2023 · 4.47
Debt ≤ 1 year
€282k▼
2023 · €343k
Debt > 1 year
€783k▼
2023 · €850k
Income taxes
€2k
Staff costs
€147k▲
2023 · €139k
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 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.31M€1.15M▼
Fixed assets21/28€1.03M€974k▼
Tangible fixed assets22/27€1.03M€974k▼
Land and buildings22€1.03M€974k▼
Current assets29/58€280k€172k▼
Stocks and contracts in progress3€155k€82k▼
Stocks30/36€155k€82k▼
Amounts receivable within one year40/41€90k€74k▼
Trade receivables40€90k€74k▼
Other amounts receivable41-€507
Cash at bank and in hand54/58€32k€14k▼
Deferred charges and accrued income490/1€3k€3k=
Equity and liabilities
Total equity and liabilities10/49€1.31M€1.15M▼
Equity10/15€108k€76k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€9k€9k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€81k€48k▼
Provisions and deferred taxes16€4k€5k▲
Provisions for liabilities and charges160/5€4k€5k▲
Other liabilities and charges164/5€4k€5k▲
Amounts payable17/49€1.19M€1.07M▼
Amounts payable after more than one year17€850k€783k▼
Financial debts170/4€850k€783k▼
Amounts payable within one year42/48€343k€282k▼
Current portion of amounts payable after more than one year42€66k€66k=
Trade debts44€100k€61k▼
Suppliers440/4€100k€61k▼
Taxes, remuneration and social security45€31k€11k▼
Taxes450/3€31k€11k▼
Other amounts payable47/48€146k€145k▼
Income statement
Code20232024
Turnover70€1.30M€1.20M▼
Remuneration, social security and pensions62€139k€147k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€51k=
Provisions for liabilities and charges: additions (uses and reversals)635/8€511€5k▲
Other operating charges640/8€100k€119k▲
Gross operating margin9900€315k€305k▼
Operating profit (loss)9901€24k€-18k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€17k€14k▼
Recurring financial charges65€17k€14k▼
Profit (loss) for the period before taxes9903€9k€-31k▼
Income taxes67/77-€2k
Profit (loss) for the period9904€9k€-33k▼
Profit (loss) for the period to be appropriated9905€9k€-33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€81k€48k▼
Profit (loss) brought forward from the previous period14P€72k€81k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 48 days late
2024
31-12
Financial
Weakest financial yearnet €-33k ▼479%
Net result drops to €-33k, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €9k
Net result €9k after 3 loss-making years.
31-12
Financial
Equity above €100kEq €108k ▲8.6%
Equity rises from €100k to €108k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
02-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 33 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 20 days late
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €30k ▲272%
Operating result €26k, net result €30k, both a record.
31-12
Financial
Equity above €150kEq €155k ▲23.8%
2 profitable years in a row build equity to €155k.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
Show earlier events
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 13 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
2016
13-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Westerlo · 1 establishment unit since 1978
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.
Lossing 152260 WesterloGround area
4,239 m²
Building footprint
1,898 m²
Volume, LiDAR
10,153 m³
Parcel 13049D1101/00N000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lossing 15, 2260 Westerlo
since 19782.014.733.847
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13049D1101/00N000 | Flanders | 4,239 m² | 1 · 1,898 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 353 EUR awarded · 353 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 353 EUR | 353 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 806 companies in sector 46610 we hold annual accounts for 566. 312 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
Founded13-01-1978
Fiscal year end31-12
Activities, NACEBEL 2025
46610Wholesale trade
47761Retail sale of flowers, plants, seeds and fertilisers
33120Repair and maintenance of machinery
47525Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.