EL'
ActiveEL' has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108k and a net result of €4k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 74% of 18040 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▼-40
Solvency88▲+15
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.5 against 1.8 in 2024; short-term debt: 36.5% and cash: 38.8% of total assets), and 36.5% 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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
4 d early
2022
4 d early
2021
2 d late
2020
44 d late
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close17-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€108k▲ 3.4%
2024 · €104k
2019: €114k
2020: €34k
2021: €89k
2022: €107k
2023: €74k
2024: €104k
2019 → 2025
Total assets
€170k▼ 21.9%
2024 · €217k
2019: €152k
2020: €153k
2021: €212k
2022: €237k
2023: €190k
2024: €217k
2019 → 2025
Net result
€4k▼ 88.2%
2024 · €30k
2019: €54k
2020: €-80k
2021: €55k
2022: €31k
2023: €-33k
2024: €30k
2019 → 2025
Working capital
€93k▲ 3.0%
2024 · €90k
2019: €49k
2020: €-19k
2021: €48k
2022: €67k
2023: €54k
2024: €90k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€89k-€107k▲ 19.9%€74k▼ 30.6%€104k▲ 40.9%€108k▲ 3.4%
Operating result€61k-€41k▼ 32.3%€-29k€33k€-2k
Net result€55k-€31k▼ 44.0%€-33k€30k€4k▼ 88.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €33k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €170k
Fixed assets
€15k▲ 6.1%
Current assets
€155k▼ 23.8%
Equity and liabilities €170k
Equity
€108k▲ 3.4%
Debt
€62k▼ 45.2%
The debt ratio falls from 52.0% to 36.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4k▼
2024 · €39k
Cash flow
€9k▼
2024 · €36k
Solvency
63.5%▲
2024 · 48.0%
Current ratio
2.50▲
2024 · 1.80
Quick ratio
1.91▲
2024 · 1.40
Debt / equity
0.57▼
2024 · 1.09
ROE
3.3%▼
2024 · 29.0%
ROA
2.1%▼
2024 · 13.9%
Interest coverage
2.94▼
2024 · 27.62
Debt
€62k▼
2024 · €113k
Debt ≤ 1 year
€62k▼
2024 · €113k
Income taxes
€2k▲
2024 · €2k
Staff costs
€47k▼
2024 · €83k
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€217k€170k▼
Fixed assets21/28€14k€15k▲
Tangible fixed assets22/27€14k€15k▲
Plant, machinery and equipment23€14k€11k▼
Furniture and vehicles24€213€5k▲
Current assets29/58€203k€155k▼
Stocks and contracts in progress3€45k€36k▼
Stocks30/36€45k€36k▼
Amounts receivable within one year40/41€63k€46k▼
Trade receivables40€61k€45k▼
Other amounts receivable41€2k€1k▼
Cash at bank and in hand54/58€91k€66k▼
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€217k€170k▼
Equity10/15€104k€108k▲
Contributions10/11€19k€19k=
Reserves13€88k€89k▲
Tax-exempt reserves132€577€577=
Distributable reserves133€87k€89k▲
Profit (loss) carried forward14€-2k-
Amounts payable17/49€113k€62k▼
Amounts payable within one year42/48€113k€62k▼
Trade debts44€92k€46k▼
Suppliers440/4€92k€46k▼
Taxes, remuneration and social security45€18k€10k▼
Taxes450/3€13k€4k▼
Remuneration and social security454/9€5k€6k▲
Other amounts payable47/48€3k€6k▲
Accrued charges and deferred income492/3€17-
Income statement
Code20242025
Remuneration, social security and pensions62€83k€47k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€125k€55k▼
Operating profit (loss)9901€33k€-2k▼
Financial income75/76B€758€9k▲
Recurring financial income75€758€5k▲
Non-recurring financial income76B-€4k
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€32k€6k▼
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€30k€4k▼
Profit (loss) for the period to be appropriated9905€30k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€1k▲
Profit (loss) brought forward from the previous period14P€-33k€-2k▲
Transfer from equity791/2-€2k
Transfer to equity691/2-€3k
To other reserves6921-€3k
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
Next filing, fiscal year 2026, expected by
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
31-03
Financial
Equity above €100kEq €104k ▲40.9%
Equity rises from €74k to €104k.
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Equity above €100kEq €107k ▲19.9%
2 profitable years in a row build equity to €107k.
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
31-03
Financial
Back to profitnet €55k
Net result €55k after one loss-making year.
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 44 days late
31-03
Financial
Weakest financial yearnet €-80k ▼248%
Net result drops to €-80k, the lowest in the series; recovery starts the following year.
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
28-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
31-10
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.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Kampenhout · 1 establishment unit since 1996
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.
Haachtsesteenweg 3311910 KampenhoutGround area
3,517 m²
Building footprint
1,036 m²
Volume, LiDAR
6,307 m³
2 parcels, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EL' BVBA
since 19962.076.323.701
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23038D0679/00E005 | Flanders | 2,793 m² | 1 · 786 m² | 7.6 m · 2 fl. |
| 23038D0667/00N007 | Flanders | 724 m² | 1 · 251 m² | 6.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
Lovalumen
BE 0844.465.469
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Z-TECH
BE 0534.782.873
Zaventem · Eq €107k
BELGIAN BUTTON COMPANY
BE 0882.217.770
Antwerpen · Eq €110k
Electriciteitswerken Boon
BE 0808.701.668
Lokeren · Eq €110k
EcoBeam
BE 1003.068.684
Malle · Eq €104k
Of 766 companies in sector 47552 we hold annual accounts for 444. 366 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-03-1996
Fiscal year end31-03
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
47552Retail sale of lighting equipment
47592Retail trade
52442
Sources
Crossroads Bank for EnterprisesNational Bank · 29 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.