E.L.S.
ActiveThe file of E.L.S. contains 2 judicial reorganisations, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 7.9% (elevated). The 2025 annual accounts show negative equity (€-62k) and a net result of €-53k. Equity is shrinking by ~28.8% per year across the filed fiscal years. Its solvency ranks better than 9% of 7931 sector peers (fiscal year 2025).
Checked score
Score 2025
12
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▲+6
Solvency13▼-10
Growth58▲+26
Track record60
Bankruptcy probability, 12 months
7.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.14 against 1.54 in 2024; short-term debt: 83.8% and cash: 3.7% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 2025Solvency, return and age of the figures
Solvency
-12%
Return on assets
-10.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-62k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
31 d late
2023
21 d late
2022
31 d late
2021
19 d late
2020
61 d late
2019
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-62k▼ 530%
2024 · €-10k
2018: €113k
2019: €86k
2020: €89k
2021: €107k
2022: €-12k
2023: €70k
2024: €-10k
2018 → 2025
Total assets
€521k▲ 0.6%
2024 · €519k
2018: €616k
2019: €573k
2020: €596k
2021: €744k
2022: €635k
2023: €562k
2024: €519k
2018 → 2025
Net result
€-53k▲ 34.3%
2024 · €-80k
2018: €-64k
2019: €-26k
2020: €2k
2021: €19k
2022: €-120k
2023: €82k
2024: €-80k
2018 → 2025
Working capital
€60k▼ 66.0%
2024 · €177k
2018: €165k
2019: €119k
2020: €105k
2021: €103k
2022: €-38k
2023: €290k
2024: €177k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€107k-€-12k€70k€-10k€-62k▼ 530%
Operating result€40k-€-97k€-131k▼ 35.4%€-66k▲ 49.9%€-26k▲ 60.3%
Net result€19k-€-120k€82k€-80k€-53k▲ 34.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €26k in 2025 against €66k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €521k
Fixed assets
€24k▲ 45.6%
Current assets
€497k▼ 0.9%
Key figures and ratios
EBITDA
€-23k▲
2024 · €-62k
Cash flow
€-49k▲
2024 · €-76k
Solvency
-12.0%▼
2024 · -1.9%
Current ratio
1.14▼
2024 · 1.54
Quick ratio
0.41▼
2024 · 0.68
Debt / equity
-9.34▲
2024 · -53.30
ROA
-10.1%▲
2024 · -15.4%
Interest coverage
-0.75▲
2024 · -4.40
Debt
€584k▲
2024 · €529k
Debt ≤ 1 year
€437k▲
2024 · €325k
Debt > 1 year
€145k▼
2024 · €201k
Income taxes
€337▲
2024 · €243
Staff costs
€165k▲
2024 · €140k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€519k€521k▲
Fixed assets21/28€17k€24k▲
Intangible fixed assets21-€10k
Tangible fixed assets22/27€15k€12k▼
Plant, machinery and equipment23€2k€951▼
Furniture and vehicles24€1k€832▼
Other tangible fixed assets26€12k€10k▼
Financial fixed assets28€2k€2k=
Current assets29/58€502k€497k▼
Stocks and contracts in progress3€280k€319k▲
Stocks30/36€280k€319k▲
Amounts receivable within one year40/41€202k€159k▼
Trade receivables40€202k€159k▼
Cash at bank and in hand54/58€19k€19k▲
Deferred charges and accrued income490/1€786-
Equity and liabilities
Total equity and liabilities10/49€519k€521k▲
Equity10/15€-10k€-62k▼
Contributions10/11€20k€20k=
Reserves13€313k€313k=
Tax-exempt reserves132€228k€228k=
Distributable reserves133€85k€85k=
Profit (loss) carried forward14€-343k€-395k▼
Amounts payable17/49€529k€584k▲
Amounts payable after more than one year17€201k€145k▼
Trade debts175€201k€145k▼
Amounts payable within one year42/48€325k€437k▲
Financial debts43€150k€150k=
Credit institutions430/8€150k€150k=
Trade debts44€95k€149k▲
Suppliers440/4€95k€149k▲
Taxes, remuneration and social security45€68k€123k▲
Taxes450/3€33k€69k▲
Remuneration and social security454/9€35k€54k▲
Other amounts payable47/48€11k€15k▲
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20242025
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62€140k€165k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€10k€4k▼
Gross operating margin9900€88k€147k▲
Operating profit (loss)9901€-66k€-26k▲
Financial income75/76B€131€4k▲
Recurring financial income75€131€4k▲
Financial charges65/66B€14k€31k▲
Recurring financial charges65€14k€31k▲
Profit (loss) for the period before taxes9903€-80k€-52k▲
Income taxes67/77€243€337▲
Profit (loss) for the period9904€-80k€-53k▲
Profit (loss) for the period to be appropriated9905€-80k€-53k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-343k€-395k▼
Profit (loss) brought forward from the previous period14P€-263k€-343k▼
Social balance
Average headcount (FTE)90872.6-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
20-02
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Antwerpen · 20230022 · event 09-02-2024
2023
31-12
Financial
Back to profitnet €82k
Net result €82k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.16
Current ratio from 0.94 to 2.16; short-term debt falls from €645k to €250k.
05-09
Judicial reorganisation
Opening
Ondernemingsrechtbank Antwerpen · collectif · event 30-08-2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-120k ▼738%
Net result drops to €-120k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
31-12
Financial
Equity above €100kEq €107k ▲21.2%
2 profitable years in a row build equity to €107k.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
16-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 77 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial 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, Hasselt · 1 establishment unit since 2005
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.
Veldstraat 99.13500 HasseltGround area
1.0 ha
Building footprint
3,905 m²
Volume, LiDAR
23,772 m³
Parcel 71326F0025/00H000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
E.L.S.
since 20052.179.198.832
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71326F0025/00H000 | Flanders | 1.0 ha | 1 · 3,905 m² | 9.1 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
BRICS TRADE
BE 1003.391.061
Brussel · Eq €70k
PADEL CLUB BELGIUM
BE 0568.697.142
Saint-Ghislain · Eq €70k
SCANDERIMEX
BE 0782.222.450
Schaarbeek · Eq €70k
SWALTY FOOD
BE 1011.688.719
Ternat · Eq €70k
BLUE TRADING
BE 0846.391.514
Tournai · Eq €70k
Of 6,157 companies in sector 46190 we hold annual accounts for 2,567. 1,966 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-01-2005
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
51475
46492Wholesale trade
47620Retail trade
47621Retail sale of newspapers and periodicals
52470
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.