E.L.T.
ActiveSummary
E.L.T. has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€935,790) and a net result of -€66,351. Equity is shrinking by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 110 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-16
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14 against 0.32 in 2024; short-term debt: 150.2% and cash: 3.3% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-396.7%
Return on assets
-28.1%
Age of the figures
9 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 11
Relative position
BE, all sectors
reference
Manufacture of beverages (NACE 11)
about 8% fewer bankruptcies
← 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 -€935,790
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
28 d late
2023
49 d early
2022
45 d early
2021
54 d early
2020
31 d late
2019
126 d late
← 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 4 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 43% 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 16 June (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
-€935,790▼ 7.6%
2024 · -€869,438
Total assets
€235,864▼ 29.2%
2024 · €333,202
Net result
-€66,351▼ 70.6%
2024 · -€38,890
Working capital
-€303,829▼ 27.1%
2024 · -€238,963
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 11, Manufacture of beverages, 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-€19,070▲ 69.9%-€56,801▼ 198%-€58,498▼ 3.0%-€37,466▲ 36.0%-€65,358▼ 74.4%
Net result-€20,463below the sector's middle half▲ 67.7%-€59,082below the sector's middle half▼ 189%-€60,341below the sector's middle half▼ 2.1%-€38,890below the sector's middle half▲ 35.5%-€66,351within the sector's middle half▼ 70.6%
Equity-€711,126below the sector's middle half▼ 3.0%-€770,208below the sector's middle half▼ 8.3%-€830,548below the sector's middle half▼ 7.8%-€869,438below the sector's middle half▼ 4.7%-€935,790below the sector's middle half▼ 7.6%
Total assets€565,102above the sector's middle half▲ 151%€478,668above the sector's middle half▼ 15.3%€397,318above the sector's middle half▼ 17.0%€333,202within the sector's middle half▼ 16.1%€235,864below the sector's middle half▼ 29.2%
Debt€1.3m▲ 39.4%€1.2m▼ 2.1%€1.2m▼ 1.7%€1.2m▼ 2.1%€1.2m▼ 2.6%
Working capital-€155,339below the sector's middle half▼ 106%-€175,395below the sector's middle half▼ 12.9%-€205,604below the sector's middle half▼ 17.2%-€238,963below the sector's middle half▼ 16.2%-€303,829below the sector's middle half▼ 27.1%
Solvency-125.8%below the sector's middle half▲ 181.1pp-160.9%below the sector's middle half▼ 35.1pp-209.0%below the sector's middle half▼ 48.1pp-260.9%below the sector's middle half▼ 51.9pp-396.7%below the sector's middle half▼ 135.8pp
Current ratio0.52below the sector's middle half▲ 0.170.47below the sector's middle half▼ 0.050.40below the sector's middle half▼ 0.070.32below the sector's middle half▼ 0.080.14below the sector's middle half▼ 0.18
Return on assets (ROA)-3.6%within the sector's middle half▲ 24.6pp-12.3%within the sector's middle half▼ 8.7pp-15.2%within the sector's middle half▼ 2.8pp-11.7%within the sector's middle half▲ 3.5pp-28.1%below the sector's middle half▼ 16.5pp
above
within
below
the middle half (P25 to P75) of NACE 11, Manufacture of beverages, 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
The operating result stays negative: a loss of €65,358 in 2025 against €37,466 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €235,864
Fixed assets
€185,331 ▼ 16.2%
Current assets
€50,533 ▼ 54.9%
Key figures and ratios
EBITDA
-€29,638▼
2024 · €2,097
Cash flow
-€30,631▼
2024 · €673
Quick ratio
0.05▼
2024 · 0.17
Debt to equity
-1.25▲
2024 · -1.38
Interest coverage
-29.84▼
2024 · 1.47
Debt ≤ 1 year
€354,362▲
2024 · €351,113
Debt > 1 year
€817,292▼
2024 · €851,528
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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%.
| 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 6,906 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,474 | €73,576 | €63,481 | €39,563 | €35,721 | ▼ 9.7% |
| Other operating charges640/8 | €529 | €329 | €212 | €149 | €149 | = |
| Gross operating margin9900 | €42,933 | €17,104 | €5,195 | €2,246 | -€29,489 | ▼ 1,413% |
| Operating profit (loss)9901 | -€19,070 | -€56,801 | -€58,498 | -€37,466 | -€65,358 | ▼ 74.4% |
| Financial income75/76B | €0 | €2 | €0 | - | €0 | - |
| Recurring financial income75 | €0 | €2 | €0 | - | €0 | - |
| Financial charges65/66B | €1,393 | €2,283 | €1,842 | €1,424 | €993 | ▼ 30.3% |
| Recurring financial charges65 | €1,393 | €2,283 | €1,842 | €1,424 | €993 | ▼ 30.3% |
| Profit (loss) for the period before taxes9903 | -€20,463 | -€59,082 | -€60,341 | -€38,890 | -€66,351 | ▼ 70.6% |
| Profit (loss) for the period9904 | -€20,463 | -€59,082 | -€60,341 | -€38,890 | -€66,351 | ▼ 70.6% |
| Profit (loss) for the period to be appropriated9905 | -€20,463 | -€59,082 | -€60,341 | -€38,890 | -€66,351 | ▼ 70.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €565,102 | €478,668 | €397,318 | €333,202 | €235,864 | ▼ 29.2% |
| Fixed assets21/28 | €395,720 | €323,817 | €260,361 | €221,052 | €185,331 | ▼ 16.2% |
| Tangible fixed assets22/27 | €394,120 | €322,217 | €258,761 | €219,452 | €183,731 | ▼ 16.3% |
| Plant, machinery and equipment23 | €336,805 | €289,511 | €242,443 | €210,329 | €178,912 | ▼ 14.9% |
| Furniture and vehicles24 | €218 | - | - | - | - | - |
| Other tangible fixed assets26 | €57,097 | €32,705 | €16,318 | €9,123 | €4,820 | ▼ 47.2% |
| Financial fixed assets28 | €1,600 | €1,600 | €1,600 | €1,600 | €1,600 | = |
| Current assets29/58 | €169,382 | €154,851 | €136,957 | €112,150 | €50,533 | ▼ 54.9% |
| Stocks and contracts in progress3 | €45,090 | €47,154 | €44,321 | €52,653 | €34,248 | ▼ 35.0% |
| Stocks30/36 | €45,090 | €47,154 | €44,321 | €52,653 | €34,248 | ▼ 35.0% |
| Amounts receivable within one year40/41 | €15,542 | €2,288 | €7,938 | €12,584 | €8,490 | ▼ 32.5% |
| Trade receivables40 | €15,503 | €2,288 | €7,938 | €12,508 | €7,756 | ▼ 38.0% |
| Other amounts receivable41 | €39 | - | - | €76 | €734 | ▲ 863% |
| Cash at bank and in hand54/58 | €108,749 | €100,418 | €84,698 | €41,535 | €7,794 | ▼ 81.2% |
| Deferred charges and accrued income490/1 | - | €4,991 | - | €5,378 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €565,102 | €478,668 | €397,318 | €333,202 | €235,864 | ▼ 29.2% |
| Equity10/15 | -€711,126 | -€770,208 | -€830,548 | -€869,438 | -€935,790 | ▼ 7.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€729,726 | -€788,808 | -€849,148 | -€888,038 | -€954,390 | ▼ 7.5% |
| Amounts payable17/49 | €1.3m | €1.2m | €1.2m | €1.2m | €1.2m | ▼ 2.6% |
| Amounts payable after more than one year17 | €951,507 | €918,630 | €885,305 | €851,528 | €817,292 | ▼ 4.0% |
| Financial debts170/4 | €151,507 | €118,630 | €85,305 | €51,528 | €17,292 | ▼ 66.4% |
| Other amounts payable178/9 | €800,000 | €800,000 | €800,000 | €800,000 | €800,000 | = |
| Amounts payable within one year42/48 | €324,720 | €330,246 | €342,561 | €351,113 | €354,362 | ▲ 0.9% |
| Current portion of amounts payable after more than one year42 | €32,437 | €32,878 | €33,325 | €33,777 | €34,236 | ▲ 1.4% |
| Trade debts44 | €18,266 | €32,156 | €20,433 | €27,501 | €23,946 | ▼ 12.9% |
| Suppliers440/4 | €18,266 | €32,156 | €20,433 | €27,501 | €23,946 | ▼ 12.9% |
| Advances received on contracts in progress46 | - | - | €430 | €150 | €461 | ▲ 207% |
| Taxes, remuneration and social security45 | €1,652 | €562 | €774 | €431 | €457 | ▲ 6.0% |
| Taxes450/3 | €1,652 | €562 | €774 | €431 | €457 | ▲ 6.0% |
| Other amounts payable47/48 | €272,365 | €264,651 | €287,599 | €289,254 | €295,262 | ▲ 2.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,463 | -€59,082 | -€60,341 | -€38,890 | -€66,351 | ▼ 70.6% |
| + Depreciation and write-downs630 | €61,474 | €73,576 | €63,481 | €39,563 | €35,721 | ▼ 9.7% |
| Operating cash flow (approximation) | €41,011 | €14,494 | €3,141 | €673 | -€30,631 | ▼ 4,651% |
| Investment in fixed assets (approximation) | - | -€1,672 | -€25 | -€255 | €0 | ▲ 100% |
| Change in cash | - | -€8,331 | -€15,720 | -€43,163 | -€33,741 | ▲ 21.8% |
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
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€66,351
Net result drops to -€66,351, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 126 days late
2019
21-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Thuin · 1 establishment unit since 2009
Ground area
2,691 m²
Building footprint
174 m²
Volume, LiDAR
1,166 m³
Parcel 56077C0275/00L000, Wallonia · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
E.L.T.
since 20092.175.906.473
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56077C0275/00L000 ProtectedSite or landscape |
Wallonia | 2,691 m² | 1 · 174 m² | 9.8 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteThuin2.175.906.473
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 729 companies in sector 11050 we hold annual accounts for 352. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
11050Manufacture of beer
E-invoicing
Reachable via Peppol
Peppol ID
0208:0809590902
Also
9925:BE0809590902
Registered
24-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.