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D'ELFINO

Active
Private limited company (pre-2019)founded 200521 yrs activeOsseven 52, 2350 Vosselaar, BelgiumKBO/BCE: BE 0873.697.608
Summary

D'ELFINO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €156,955 and a net result of -€12,637. Equity is shrinking by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability17▼-4
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
cash: 13.9% of total assets, and 0% of the assets are financed with debt.
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Signals

Four 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 21 years 0 30 y
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€12,637
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
25 d early
2024
31 d early
2023
28 d early
2022
34 d early
2021
30 d early
2020
40 d early
2019
21 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

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. Usually files around 1 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 9 May 2005, D'ELFINO was incorporated.1 Total assets went from EUR 201,190 in 2018 to EUR 156,955 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€156,955▼ 7.5%
2024 · €169,592
Total assets
€156,955▼ 7.5%
2024 · €169,592
Net result
-€12,637▼ 11.5%
2024 · -€11,331
Working capital
€198,528▲ 1.2%
2019 · €196,201
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€14,965-€15,422▼ 3.1%-€18,324▼ 18.8%-€17,723▲ 3.3%-€18,057▼ 1.9%
Net result€6,208within the sector's middle half▲ 177%-€14,202below the sector's middle half-€9,677below the sector's middle half▲ 31.9%-€11,331below the sector's middle half▼ 17.1%-€12,637below the sector's middle half▼ 11.5%
Equity€204,802within the sector's middle half▲ 3.1%€190,600within the sector's middle half▼ 6.9%€180,923within the sector's middle half▼ 5.1%€169,592within the sector's middle half▼ 6.3%€156,955within the sector's middle half▼ 7.5%
Total assets€204,802below the sector's middle half▲ 3.1%€190,600below the sector's middle half▼ 6.9%€180,923within the sector's middle half▼ 5.1%€169,592within the sector's middle half▼ 6.3%€156,955within the sector's middle half▼ 7.5%
Debt
Working capital
Solvency100.0%above the sector's middle half=100.0%above the sector's middle half=100.0%above the sector's middle half=100.0%above the sector's middle half=100.0%above the sector's middle half=
Return on assets (ROA)3.0%within the sector's middle half▲ 1.9pp-7.5%below the sector's middle half▼ 10.5pp-5.3%below the sector's middle half▲ 2.1pp-6.7%below the sector's middle half▼ 1.3pp-8.1%below the sector's middle half▼ 1.4pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000Operating result 2021: -€14,965-€14,965Net result 2021: €6,208€6,208Operating result 2022: -€15,422-€15,422Net result 2022: -€14,202-€14,202Operating result 2023: -€18,324-€18,324Net result 2023: -€9,677-€9,677Operating result 2024: -€17,723-€17,723Net result 2024: -€11,331-€11,331Operating result 2025: -€18,057-€18,057Net result 2025: -€12,637-€12,63720212022202320242025-€20,000-€15,000-€10,000-€5,000€0Operating result 2023: -€18,324-€18,300Net result 2023: -€9,677-€9,680Operating result 2024: -€17,723-€17,700Net result 2024: -€11,331-€11,300Operating result 2025: -€18,057-€18,100Net result 2025: -€12,637-€12,600202320242025
The operating result stays negative: a loss of €18,057 in 2025 against €17,723 in 2024; the loss grows.
Key figures and ratios
2025 value · change against 2024
ROE
-8.1%▼
2024 · -6.7%
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
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% 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 12,321 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 25 lines
Balance sheet Code20242025
Assets
Total assets20/58€169,592€156,955▼
Current assets29/58€169,592€156,955▼
Amounts receivable within one year40/41€2,425€1,513▼
Other amounts receivable41€2,425€1,513▼
Current investments50/53€166,972€133,593▼
Cash at bank and in hand54/58€195€21,849▲
Equity and liabilities
Total equity and liabilities10/49€169,592€156,955▼
Equity10/15€169,592€156,955▼
Contributions10/11€18,600€18,600=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Profit (loss) carried forward14€149,132€136,495▼
Income statement Code20242025
Other operating charges640/8-€120
Gross operating margin9900-€17,723-€17,937▼
Operating profit (loss)9901-€17,723-€18,057▼
Financial income75/76B€8,084€5,534▼
Recurring financial income75€8,084€5,534▼
Financial charges65/66B€1,692€114▼
Recurring financial charges65€1,692€114▼
Profit (loss) for the period before taxes9903-€11,331-€12,637▼
Profit (loss) for the period9904-€11,331-€12,637▼
Profit (loss) for the period to be appropriated9905-€11,331-€12,637▼
Appropriation of the result
Profit (loss) to be appropriated9906€149,132€136,495▼
Profit (loss) brought forward from the previous period14P€160,463€149,132▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66-----
Other operating charges640/8€177€102€199-€120-
Gross operating margin9900-€14,721-€15,320-€18,125-€17,723-€17,937▼ 1.2%
Operating profit (loss)9901-€14,965-€15,422-€18,324-€17,723-€18,057▼ 1.9%
Financial income75/76B€21,434€1,379€8,784€8,084€5,534▼ 31.6%
Recurring financial income75€984€1,379€8,784€8,084€5,534▼ 31.6%
Non-recurring financial income76B€20,450-----
Financial charges65/66B€262€159€137€1,692€114▼ 93.3%
Recurring financial charges65€262€159€137€1,692€114▼ 93.3%
Profit (loss) for the period before taxes9903€6,208-€14,202-€9,677-€11,331-€12,637▼ 11.5%
Profit (loss) for the period9904€6,208-€14,202-€9,677-€11,331-€12,637▼ 11.5%
Profit (loss) for the period to be appropriated9905€6,208-€14,202-€9,677-€11,331-€12,637▼ 11.5%
Line20212022202320242025Change
Assets
Total assets20/58€204,802€190,600€180,923€169,592€156,955▼ 7.5%
Current assets29/58€204,802€190,600€180,923€169,592€156,955▼ 7.5%
Amounts receivable within one year40/41€10,220€399€647€2,425€1,513▼ 37.6%
Other amounts receivable41€10,220€399€647€2,425€1,513▼ 37.6%
Current investments50/53€31,829€116,384€173,064€166,972€133,593▼ 20.0%
Cash at bank and in hand54/58€162,753€73,817€7,212€195€21,849▲ 11,089%
Equity and liabilities
Total equity and liabilities10/49€204,802€190,600€180,923€169,592€156,955▼ 7.5%
Equity10/15€204,802€190,600€180,923€169,592€156,955▼ 7.5%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Reserves13€1,860€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860€1,860€1,860€1,860=
Profit (loss) carried forward14€184,342€170,140€160,463€149,132€136,495▼ 8.5%
Line20212022202320242025Change
Profit (loss) for the period9904€6,208-€14,202-€9,677-€11,331-€12,637▼ 11.5%
+ Depreciation and write-downs630€66-----
Operating cash flow (approximation)€6,274-€14,202-€9,677-€11,331-€12,637▼ 11.5%
Change in cash--€88,936-€66,605-€7,017€21,654▲ 409%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
06-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Weakest financial yearnet -€14,202
Net result drops to -€14,202, the lowest in the series; recovery starts the following year.
01-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Highest result since 2018net €6,208 ▲177%
Net result €6,208, the highest in the series.
31-12
Financial Equity above €200,000Eq €204,802 ▲3.1%
2 profitable years in a row build equity to €204,802.
21-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Back to profitnet €2,245
Net result €2,245 after 2 loss-making years.
31-12
Financial Liquidity times 13current ratio 2203.93
Current ratio from 169.64 to 2203.93; short-term debt falls from €1,163 to €90.
10-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
16-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Vosselaar · 1 establishment unit since 2005
seat establishment The establishment unit on the map
Ground area
646 m²
Building footprint
167 m²
Volume, LiDAR
1,626 m³
Parcel 13046A0253/00T019, Flanders · tallest building 17.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
D'ELFINO
Osseven 52, 2350 VosselaarNACE 7414101
since 20052.146.830.823
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13046A0253/00T019 Flanders 646 m² 1 · 167 m² 17.0 m · 3 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.

Recognitions · licences · registrations

Legal Entity Identifier

9676005IIP19XSN5Q242
live in the LEI register

Similar companies · same sector, comparable size

Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 40,793 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded09-05-2005
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
55203Holiday cottages, homes and apartments
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
E-invoicing
Not found in the Peppol register

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Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.