E.L.M.
ActiveSummary
E.L.M. has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €177k and a net result of €-15k. Equity is growing by ~59.3% per year across the filed fiscal years. Its solvency ranks better than 69% of 9518 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability45▼-38
Solvency95▲+15
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 3.21 against 2.08 in 2023; short-term debt: 25.1% and cash: 21.6% of total assets), and 29.7% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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 2024Solvency, return and age of the figures
Solvency
70.3%
Return on assets
-5.8%
Age of the figures
21 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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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
28 d late
2023
61 d late
2022
30 d late
2021
5 d late
2020
9 d early
2019
63 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-15k
2023 · €39k
2018: €-394
2019: €25k
2020: €18k
2021: €20k
2022: €86k
2023: €39k
2018 → 2024
Working capital
€140k▼ 4.2%
2023 · €146k
2018: €5k
2019: €17k
2020: €32k
2021: €56k
2022: €122k
2023: €146k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€47k-€67k▲ 41.2%€152k▲ 128%€191k▲ 25.7%€177k▼ 7.6%
Operating result€25k-€29k▲ 15.6%€117k▲ 308%€60k▼ 48.4%€-13k
Net result€18k-€20k▲ 11.4%€86k▲ 338%€39k▼ 54.3%€-15k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €13k after €60k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €252k
Fixed assets
€48k ▼ 27.9%
Current assets
€203k ▼ 27.7%
Equity and liabilities €252k
Equity
€177k ▼ 7.6%
Debt
€75k ▼ 52.3%
Debt's share of the balance-sheet total falls from 45.0% to 29.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5k▼
2023 · €79k
Cash flow
€4k▼
2023 · €58k
Current ratio
3.21▲
2023 · 2.08
Quick ratio
2.85▲
2023 · 1.91
Debt to equity
0.42▼
2023 · 0.82
ROE
-8.3%▼
2023 · 20.4%
ROA
-5.8%▼
2023 · 11.2%
Interest coverage
4.00▼
2023 · 37.63
Debt ≤ 1 year
€63k▼
2023 · €135k
Debt > 1 year
€11k▼
2023 · €22k
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 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€348k€252k▼
Fixed assets21/28€67k€48k▼
Tangible fixed assets22/27€67k€48k▼
Plant, machinery and equipment23€12k€8k▼
Furniture and vehicles24€54k€40k▼
Other tangible fixed assets26€1k€526▼
Current assets29/58€281k€203k▼
Stocks and contracts in progress3€23k€23k=
Stocks30/36€23k€23k=
Amounts receivable within one year40/41€176k€126k▼
Trade receivables40€157k€106k▼
Other amounts receivable41€19k€20k▲
Cash at bank and in hand54/58€82k€54k▼
Equity and liabilities
Total equity and liabilities10/49€348k€252k▼
Equity10/15€191k€177k▼
Contributions10/11€6k€6k=
Reserves13€93k€93k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€91k€91k=
Profit (loss) carried forward14€92k€78k▼
Amounts payable17/49€157k€75k▼
Amounts payable after more than one year17€22k€11k▼
Financial debts170/4€22k€11k▼
Amounts payable within one year42/48€135k€63k▼
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€60k€4k▼
Suppliers440/4€60k€4k▼
Taxes, remuneration and social security45€54k€35k▼
Taxes450/3€54k€35k▼
Other amounts payable47/48€12k€14k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k▲
Other operating charges640/8€50€344▲
Gross operating margin9900€79k€6k▼
Operating profit (loss)9901€60k€-13k▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€58k€-15k▼
Income taxes67/77€19k-
Profit (loss) for the period9904€39k€-15k▼
Profit (loss) for the period to be appropriated9905€39k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€131k€78k▼
Profit (loss) brought forward from the previous period14P€92k€92k=
Transfer to equity691/2€39k-
To other reserves6921€39k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-15k ▼137%
Net result drops to €-15k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €86k ▲338%
Operating result €117k, net result €86k, both a record.
31-12
Financial
Equity above €150kEq €152k ▲128%
4 profitable years in a row build equity to €152k.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 5 days late
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Faimes · 1 establishment unit since 2011
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.
Rue Remikette 194317 FaimesGround area
2,632 m²
Building footprint
79 m²
Volume, LiDAR
652 m³
Parcel 61037B0148/00D000, Wallonia · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ELM
since 20112.199.832.118
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61037B0148/00D000 | Wallonia | 2,632 m² | 1 · 79 m² | 9.4 m · 3 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
UNLIMITED INVESTMENTS
BE 0501.540.082
Sint-Gillis (bij-Brussel) · Eq €176,807
L'ESPACE DES POSSIBLES
BE 0729.753.269
Verviers · Eq €176,915
DEMAVAS
BE 0797.153.126
Wetteren · Eq €176,798
BIESRENT
BE 0455.992.347
Bilzen-Hoeselt · Eq €176,787
OCM MANAGEMENT
BE 1020.541.057
Jemeppe-sur-Sambre · Eq €176,706
Of 24,500 companies in sector 82990 we hold annual accounts for 9,404. 7,053 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
Founded08-06-2011
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.