Summary
B.ELS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2011 annual accounts show equity of €9,376 and a net result of -€5,218. Equity is shrinking by ~13.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2011 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2011 · tick = 2010
Profitability8▼-41
Solvency47▼-1
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
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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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 2011Solvency, return and age of the figures
Solvency
21.5%
Return on assets
-12%
Age of the figures
183 mo
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
neutral · No filing for years
The last filed financial year closed on 30-06-2011. Since then, 14 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
30-06-2012 close31-01-2013 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2011 was due by 31-01-2012 and was filed on 29-02-2012, 29 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 · 3 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2011, abbreviated schema
Equity
€9,376▼ 35.8%
2010 · €14,594
Total assets
€43,531▼ 32.7%
2010 · €64,702
Net result
-€5,218
2010 · €2,895
Working capital
€23,310▼ 16.8%
2010 · €28,008
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line200920102011
Operating result€1,536--€2,225-€8,978▼ 304%
Net result€549-€2,895▲ 427%-€5,218
Equity€12,949-€14,594▲ 12.7%€9,376▼ 35.8%
Total assets€92,806-€64,702▼ 30.3%€43,531▼ 32.7%
Debt€65,856-€36,108▼ 45.2%€20,155▼ 44.2%
Working capital€34,802-€28,008▼ 19.5%€23,310▼ 16.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8,978 in 2011 against €2,225 in 2010; the loss grows and 2011 has the lowest result in the available series.
Balance-sheet composition
2011 in colour, 2010 as the grey bar beneath
Assets €43,531
Fixed assets
€6,066 ▼ 63.3%
Current assets
€37,465 ▼ 22.2%
Equity and liabilities €43,531
Equity
€9,376 ▼ 35.8%
Provisions
€14,000 =
Debt
€20,155 ▼ 44.2%
Debt's share of the balance-sheet total falls from 55.8% to 46.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2,178▼
2010 · €8,995
Cash flow
€5,938▼
2010 · €14,115
Current ratio
2.65▲
2010 · 2.39
ROE
-55.7%▼
2010 · 19.8%
ROA
-12.0%▼
2010 · 4.5%
Debt ≤ 1 year
€14,155▼
2010 · €20,157
Income taxes
€1,796▼
2010 · €2,270
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,231 | €11,220 | €11,156 | ▼ 0.6% |
| Gross operating margin9900 | €38,525 | €9,410 | €2,929 | ▼ 68.9% |
| Operating profit (loss)9901 | €1,536 | -€2,225 | -€8,978 | ▼ 304% |
| Recurring financial income75 | €1,703 | €464 | €170 | ▼ 63.4% |
| Recurring financial charges65 | €2,592 | €1,106 | €613 | ▼ 44.6% |
| Profit (loss) for the period before taxes9903 | €647 | €5,165 | -€3,422 | ▼ 166% |
| Income taxes67/77 | €98 | €2,270 | €1,796 | ▼ 20.9% |
| Profit (loss) for the period9904 | €549 | €2,895 | -€5,218 | ▼ 280% |
| Profit (loss) for the period to be appropriated9905 | €549 | €2,895 | -€5,218 | ▼ 280% |
| Line | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €92,806 | €64,702 | €43,531 | ▼ 32.7% |
| Fixed assets21/28 | €26,529 | €16,537 | €6,066 | ▼ 63.3% |
| Tangible fixed assets22/27 | €25,529 | €15,537 | €5,066 | ▼ 67.4% |
| Financial fixed assets28 | €1,000 | €1,000 | €1,000 | = |
| Current assets29/58 | €66,276 | €48,165 | €37,465 | ▼ 22.2% |
| Amounts receivable within one year40/41 | €5,131 | €22,020 | €4,712 | ▼ 78.6% |
| Current investments50/53 | €15,503 | - | - | - |
| Cash at bank and in hand54/58 | €45,642 | €26,145 | €32,753 | ▲ 25.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €92,806 | €64,702 | €43,531 | ▼ 32.7% |
| Equity10/15 | €12,949 | €14,594 | €9,376 | ▼ 35.8% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €549 | €2,194 | €2,194 | = |
| Profit (loss) carried forward14 | - | - | -€5,218 | - |
| Provisions and deferred taxes16 | €14,000 | €14,000 | €14,000 | = |
| Amounts payable17/49 | €65,856 | €36,108 | €20,155 | ▼ 44.2% |
| Amounts payable after more than one year17 | €11,537 | €3,950 | - | - |
| Amounts payable within one year42/48 | €31,474 | €20,157 | €14,155 | ▼ 29.8% |
| Trade debts44 | €14,939 | €4,483 | €2,967 | ▼ 33.8% |
| Line | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €549 | €2,895 | -€5,218 | ▼ 280% |
| + Depreciation and write-downs630 | €20,231 | €11,220 | €11,156 | ▼ 0.6% |
| Operating cash flow (approximation) | €20,780 | €14,115 | €5,938 | ▼ 57.9% |
| Investment in fixed assets (approximation) | - | -€1,227 | -€686 | ▲ 44.1% |
| Change in cash | - | -€19,497 | €6,608 | ▲ 134% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2012
29-02
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 29 days late
2011
30-06
Financial
Weakest financial yearnet -€5,218
Net result drops to -€5,218, the lowest in the series.
28-02
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 28 days late
2010
30-06
Financial
Highest result since 2009net €2,895 ▲427%
Net result €2,895, the highest in the series.
29-01
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Nazareth-De Pinte · 1 establishment unit since 2007
Ground area
1,433 m²
Building footprint
252 m²
Volume, LiDAR
1,436 m³
Parcel 44079B0256/00H000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
B.ELS
since 20072.166.319.014
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44079B0256/00H000 | Flanders | 1,433 m² | 1 · 252 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 · 285 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 285 EUR | 0 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 22,254 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formGeneral partnership
Founded26-10-2007
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0893112751
Also
9925:BE0893112751
Registered
30-08-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.