4Elements
ActiveSummary
4Elements has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.1m and a net result of €133,794. Equity is growing by about 4.2% per year across the filed financial years. Its solvency ranks better than 95% of 10,771 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 1 FTE
- Equity
- €3.1m
- Profit
- €133,794
- Parent
- GELDOF INVESTMENT · 100%
Why 91raises riskLiquidity: current ratio 7.33, cash €7,775, halvedlowers riskFigures for financial year 2025 (filed 03-07-2026)Equity €3.1m (98.2% of total assets)Founded in 2010Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 86% on solvency, 36% on liquidity, 22% on profitability and 50% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 15 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Permanent representatives: Peter GELDOF and VANDEKERCKHOVE…Amendment of the articles ·…
- Highest result from 2018 to 2025net €133,794 ▲2.8%
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 10,904 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.2% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,904 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €29,229 | €60,028 | €65,611 | €63,606 | €67,730 | ▲ 6.5% |
| Other operating charges640/8 | - | - | - | €1,254 | €1,055 | €1,225 | €1,169 | €1,201 | ▲ 2.8% |
| Gross operating margin9900 | €268,414 | €265,230 | €181,931 | €182,268 | €207,571 | €242,922 | €244,367 | €252,557 | ▲ 3.4% |
| Operating profit (loss)9901 | €145,935 | €137,240 | €138,679 | €151,785 | €146,487 | €176,085 | €179,593 | €183,626 | ▲ 2.2% |
| Financial income75/76B | - | - | - | €5 | €0 | - | - | €1 | - |
| Recurring financial income75 | €176 | €263 | €0 | €5 | €0 | - | - | €1 | - |
| Financial charges65/66B | - | - | - | €12,535 | €9,911 | €7,168 | €4,394 | €1,752 | ▼ 60.1% |
| Recurring financial charges65 | €20,479 | €17,707 | €15,033 | €12,535 | €9,911 | €7,168 | €4,394 | €1,752 | ▼ 60.1% |
| Profit (loss) for the period before taxes9903 | €125,632 | €119,796 | €123,646 | €139,255 | €136,577 | €168,918 | €175,200 | €181,875 | ▲ 3.8% |
| Income taxes67/77 | €8,210 | €7,307 | €32,733 | €34,647 | €34,644 | €45,371 | €45,030 | €48,081 | ▲ 6.8% |
| Profit (loss) for the period9904 | €117,422 | €112,489 | €90,914 | €104,607 | €101,932 | €123,546 | €130,170 | €133,794 | ▲ 2.8% |
| Profit (loss) for the period to be appropriated9905 | €117,422 | €112,489 | €90,914 | €104,607 | €101,932 | €123,546 | €130,170 | €133,794 | ▲ 2.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.0m | €3.1m | €3.1m | €3.2m | €3.1m | €3.1m | €3.1m | €3.2m | ▲ 3.1% |
| Fixed assets21/28 | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Tangible fixed assets22/27 | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Land and buildings22 | - | - | - | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Current assets29/58 | €0.3m | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 28.4% |
| Amounts receivable within one year40/41 | €0.04m | €0.1m | €0.2m | €0.03m | €0.1m | €0.2m | €0.1m | €0.08m | ▼ 39.6% |
| Trade receivables40 | - | - | - | €0.03m | €0.09m | €0.1m | €0.1m | €0.05m | ▼ 61.9% |
| Other amounts receivable41 | - | - | - | €0 | €0.03m | €0.03m | €0 | €0.03m | - |
| Current investments50/53 | €0.09m | €0 | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.1m | €0.3m | €0.2m | €0.1m | €0.02m | €0.008m | ▼ 53.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.1m | €0 | €0.04m | €0.2m | €0.3m | ▲ 85.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.0m | €3.1m | €3.1m | €3.2m | €3.1m | €3.1m | €3.1m | €3.2m | ▲ 3.1% |
| Equity10/15 | €2.4m | €2.4m | €2.5m | €2.6m | €2.7m | €2.9m | €3.0m | €3.1m | ▲ 4.5% |
| Contributions10/11 | €2.0m | €2.0m | - | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves not available under the articles1311 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Profit (loss) carried forward14 | €0.4m | €0.4m | €0.5m | €0.6m | €0.7m | €0.8m | €0.9m | €1.1m | ▲ 14.6% |
| Amounts payable17/49 | €0.6m | €0.7m | €0.6m | €0.5m | €0.3m | €0.2m | €0.1m | €0.06m | ▼ 40.0% |
| Amounts payable after more than one year17 | €0.4m | €0.3m | €0.3m | €0.2m | €0.1m | €0.06m | €0.005m | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €0.2m | €0.1m | €0.06m | €0.005m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €0.2m | €0.3m | €0.3m | €0.4m | €0.2m | €0.2m | €0.09m | €0.06m | ▼ 36.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.07m | €0.07m | €0.07m | €0.05m | €0.005m | ▼ 90.5% |
| Financial debts43 | - | - | - | - | - | - | €31 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | - | - | €31 | €0 | ▼ 100% |
| Trade debts44 | €0.002m | €0.1m | €0.2m | €0.3m | €0.1m | €0.008m | €0.005m | €0.002m | ▼ 67.1% |
| Suppliers440/4 | - | - | - | €0.3m | €0.1m | €0.008m | €0.005m | €0.002m | ▼ 67.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.02m | €0.07m | €0.03m | €0.05m | ▲ 55.1% |
| Taxes450/3 | - | - | - | €0.03m | €0.01m | €0.05m | €0.02m | €0.04m | ▲ 89.8% |
| Remuneration and social security454/9 | - | - | - | €0.007m | €0.01m | €0.01m | €0.01m | €0.01m | ▲ 1.6% |
| Other amounts payable47/48 | - | - | - | - | - | €0.01m | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €117,422 | €112,489 | €90,914 | €104,607 | €101,932 | €123,546 | €130,170 | €133,794 | ▲ 2.8% |
| Operating cash flow (approximation) | €117,422 | €112,489 | €90,914 | €104,607 | €101,932 | €123,546 | €130,170 | €133,794 | ▲ 2.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€39,257 | €43,158 | €128,435 | -€73,963 | -€68,448 | -€110,402 | -€8,983 | ▲ 91.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 03-07-2026 | 2026-00259725 |
| 31-12-2024 | abbreviated format | 09-07-2025 | 2025-00250133 |
| 31-12-2023 | abbreviated format | 18-07-2024 | 2024-00260229 |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00303424 |
| 31-12-2021 | abbreviated format | 18-07-2022 | 2022-20208312 |
| 31-12-2020 | abbreviated format | 23-07-2021 | 2021-39500532 |
| 31-12-2019 | abbreviated format | 16-07-2020 | 2020-30600387 |
| 31-12-2018 | abbreviated format | 26-06-2019 | 2019-23500387 |
| 31-12-2017 | abbreviated format | 16-07-2018 | 2018-34100184 |
| 31-12-2016 | abbreviated format | 14-07-2017 | 2017-31700054 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2024 · 4 entries · €4,435 awarded · €4,435 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €1,129 | €1,129 |
| 2023 | 2 | €2,796 | €2,796 |
| 2022 | 1 | €510 | €510 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
1 ownerChain of control
- GELDOF INVESTMENT
- 4Elements
Highest known parent: GELDOF INVESTMENT. The sources do not say who stands above it.
Owners 1
-
100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- enige aandeelhouder all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 17-03-2026 Converted to available equity · €2,063,000
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
17-03
Gazette deed
Permanent representatives: Peter GELDOF and VANDEKERCKHOVE SéverineAmendment of the articles · Capital conversion · Registered office clause10 facts ▸
- General meeting, 09-02-2026
- Amendment of the articles (2 times)
- Capital conversion, “beschikbaar” (deed in Dutch)
- Registered office clause, “Vlaamse Gewest, 8560 Wevelgem, Vlamingstraat 8” (deed in Dutch)
- Board composition, GELDOF INVESTMENT (director)
- Board composition, 7 P’s (director)
- Permanent representative, Peter GELDOF
- Permanent representative, VANDEKERCKHOVE Séverine
- Capital
- Shareholding, “artikel 2:14,4° Wetboek vennootschappen en verenigingen, in vennootschapsdossier” (deed in Dutch)
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34041C0792/00H000 | Flanders | 228 m² | 1 · 337 m² | 5.7 m · 1 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- 4Elements
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- The sole director“De vennootschap mag haar voorwerp verwezenlijken zo in België als in het buitenland, op alle wijzen en manieren die zij het best geschikt…”
Full text
De vennootschap mag haar voorwerp verwezenlijken zo in België als in het buitenland, op alle wijzen en manieren die zij het best geschikt zal achten. Het voorwerp kan gewijzigd worden bij besluit van de buitengewone algemene vergadering gehouden ten overstaan van een notaris en met inachtneming van de voorschriften voorzien door het Wetboek van Vennootschappen en Verenigingen. De vennootschap is verbonden door de rechtshandelingen verricht door haar organen van vertegenwoordiging, zelfs indien die handelingen buiten haar voorwerp liggen, tenzij zij bewijst dat de derde daarvan op de hoogte was of er, gezien de omstandigheden, niet onkundig van kon zijn; openbaarmaking van de statuten alleen is echter geen voldoende bewijs. Bovenvermelde opsomming is niet beperkend zodat de vennootschap alle handelingen kan stellen die op welke wijze ook kunnen bijdragen tot de verwezenlijking van haar voorwerp.
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, natuurlijke personen of rechtspersonen” (deed in Dutch)“Alle handelingen nodig of nuttig voor verwezenlijking voorwerp, handelingen die wet of statuten aan algemene vergadering voorbehouden” (deed in Dutch)“Wet of statuten aan algemene vergadering voorbehouden, behoudens inrichting door algemene vergadering van collegiaal bestuursorgaan” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Saturday of June at 11:00