E.L.B.
ActiveE.L.B. has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €232k and a net result of €40k. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 94% of 18938 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
100
/ 100
Excellent▲ +14 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability86▲+64
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 4.69 against 4.55 in 2023), and 14.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-06-2025, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
59 d early
2023
54 d early
2022
62 d early
2021
62 d early
2020
60 d early
2019
59 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€232k▲ 20.7%
2023 · €193k
2018: €117k
2019: €126k
2020: €120k
2021: €160k
2022: €184k
2023: €193k
2018 → 2024
Total assets
€273k▲ 23.6%
2023 · €221k
2018: €161k
2019: €147k
2020: €149k
2021: €196k
2022: €211k
2023: €221k
2018 → 2024
Net result
€40k▲ 360%
2023 · €9k
2018: €5k
2019: €9k
2020: €-6k
2021: €40k
2022: €24k
2023: €9k
2018 → 2024
Working capital
€149k▲ 51.9%
2023 · €98k
2018: €96k
2019: €108k
2020: €97k
2021: €125k
2022: €107k
2023: €98k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€120k-€160k▲ 33.3%€184k▲ 15.0%€193k▲ 4.7%€232k▲ 20.7%
Operating result€-4k-€44k€35k▼ 19.9%€16k▼ 53.7%€62k▲ 282%
Net result€-6k-€40k€24k▼ 39.8%€9k▼ 64.0%€40k▲ 360%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 282% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €273k
Fixed assets
€84k▼ 12.0%
Current assets
€189k▲ 50.6%
Equity and liabilities €273k
Equity
€232k▲ 20.7%
Debt
€40k▲ 43.3%
The debt ratio rises from 12.7% to 14.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€82k▲
2023 · €31k
Cash flow
€59k▲
2023 · €23k
Solvency
85.2%▼
2023 · 87.3%
Current ratio
4.69▲
2023 · 4.55
Quick ratio
4.56▲
2023 · 4.34
Debt / equity
0.17▲
2023 · 0.15
ROE
17.1%▲
2023 · 4.5%
ROA
14.6%▲
2023 · 3.9%
Interest coverage
16.21▲
2023 · 7.66
Debt
€40k▲
2023 · €28k
Debt ≤ 1 year
€40k▲
2023 · €28k
Income taxes
€18k▲
2023 · €4k
Staff costs
€34k▲
2023 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€221k€273k▲
Fixed assets21/28€95k€84k▼
Tangible fixed assets22/27€95k€84k▼
Land and buildings22€44k€37k▼
Plant, machinery and equipment23€34k€30k▼
Furniture and vehicles24€17k€17k▲
Current assets29/58€125k€189k▲
Stocks and contracts in progress3€6k€5k▼
Stocks30/36€6k€5k▼
Amounts receivable within one year40/41€6k€1k▼
Other amounts receivable41€6k€1k▼
Cash at bank and in hand54/58€76k€161k▲
Deferred charges and accrued income490/1€38k€22k▼
Equity and liabilities
Total equity and liabilities10/49€221k€273k▲
Equity10/15€193k€232k▲
Contributions10/11€7k€7k=
Reserves13€174k€213k▲
Distributable reserves133€174k€213k▲
Profit (loss) carried forward14€12k€12k▲
Amounts payable17/49€28k€40k▲
Amounts payable after more than one year17€535-
Financial debts170/4€535-
Amounts payable within one year42/48€28k€40k▲
Current portion of amounts payable after more than one year42€6k€535▼
Financial debts43€3k€5k▲
Credit institutions430/8€3k€5k▲
Trade debts44€8k€14k▲
Suppliers440/4€8k€14k▲
Taxes, remuneration and social security45€11k€20k▲
Taxes450/3€5k€14k▲
Remuneration and social security454/9€5k€6k▲
Other amounts payable47/48€81€2k▲
Income statement
Code20232024
Remuneration, social security and pensions62€25k€34k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€20k▲
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€4k-
Gross operating margin9900€62k€118k▲
Operating profit (loss)9901€16k€62k▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€12k€57k▲
Income taxes67/77€4k€18k▲
Profit (loss) for the period9904€9k€40k▲
Profit (loss) for the period to be appropriated9905€9k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€20k€51k▲
Profit (loss) brought forward from the previous period14P€11k€12k▲
Transfer to equity691/2€9k€40k▲
To other reserves6921€9k€40k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €232k ▲20.7%
4 profitable years in a row build equity to €232k.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
31-12
Financial
Equity above €150kEq €160k ▲33.3%
Equity rises from €120k to €160k.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-6k ▼166%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Merchtem · 1 establishment unit since 1993
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.
Brusselsesteenweg 2771785 MerchtemGround area
399 m²
Building footprint
89 m²
Volume, LiDAR
594 m³
Parcel 23012B0014/00Y000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Brusselsesteenweg 277, 1785 Merchtem
since 19932.060.529.626
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23012B0014/00Y000 | Flanders | 399 m² | 1 · 89 m² | 9.8 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.
Similar companies · same sector, comparable size
BOLIVER
BE 0870.151.861
Merelbeke-Melle · Eq €232k
NEA GENIA
BE 0866.463.287
Elsene · Eq €233k
En Petit Comité
BE 0801.805.958
Merelbeke-Melle · Eq €232k
LIJN 58
BE 0835.931.746
Lievegem · Eq €232k
NEW SQUARE
BE 0473.418.990
Putte · Eq €233k
Of 20,234 companies in sector 56111 we hold annual accounts for 11,309. 8,125 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-01-1993
Fiscal year end31-12
Activities, NACEBEL
55401
56101Full-service restaurants
56111Full-service restaurants
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.