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El'D & CO SOCIETE EN COMMANDITE SIMPLE

Active
Limited partnershipfounded 200620 yrs activeKarel Vande Woestijnestraat 24, 1070 Anderlecht, BelgiumKBO/BCE: BE 0883.396.222
Summary

The latest annual accounts of El'D & CO SOCIETE EN COMMANDITE SIMPLE were filed more than 90 days after the deadline. The 2020 annual accounts show equity of €10k and a net result of €-8k. Equity is shrinking by ~62.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2022. Its solvency ranks better than 59% of 4204 sector peers (fiscal year 2020). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

No current score
Figures too old
The available figures for FY 2020 are too old to assess current financial health.
Filing: Filed more than 90 days late
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2020 · tick = 2019
Profitability0=
Solvency66▲+21
Growth22=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 2020
Solvency, return and age of the figures
Solvency
41.3%
Return on assets
-32.9%
Age of the figures
69 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 20 years 0 30 y
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filings
Position against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 29-11-2021, 121 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
121 d late
2019
202 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2020, full schema

Turnover
€30k▼ 66.5%
2019 · €90k
2018: €113k 2019: €90k
2018 → 2020
EBIT margin
-26.1%▼ 6.8pp
2019 · -19.3%
2018: -2.3% 2019: -19.3%
2018 → 2020
Net result
€-8k▲ 54.1%
2019 · €-17k
2018: €-3k 2019: €-17k
2018 → 2020
Working capital
€18k▲ 136%
2019 · €8k
2018: €23k 2019: €8k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line201820192020Trend
Turnover€113k-€90k▼ 20.0%€30k▼ 66.5%
Equity€23k-€5k▼ 77.5%€10k▲ 97.6%
Operating result€-3k-€-17k▼ 573%€-8k▲ 54.7%
Net result€-3k-€-17k▼ 425%€-8k▲ 54.1%
Result per fiscal year
Operating resultNet result
€-20k€-15k€-10k€-5k€0Operating result 2018: €-3k€-3kNet result 2018: €-3k€-3kOperating result 2019: €-17k€-17kNet result 2019: €-17k€-17kOperating result 2020: €-8k€-8kNet result 2020: €-8k€-8k201820192020€-20k€-15k€-10k€-5k€0Operating result 2018: €-3k€-2.6kNet result 2018: €-3k€-3.3kOperating result 2019: €-17k€-17kNet result 2019: €-17k€-17kOperating result 2020: €-8k€-7.9kNet result 2020: €-8k€-8k201820192020
The operating result stays negative: a loss of €8k in 2020 against €17k in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €24k
Fixed assets €2k ▲ 5,331%
Current assets €22k ▼ 11.5%
Equity and liabilities €24k
Equity €10k ▲ 97.6%
Debt €14k ▼ 28.7%
Debt's share of the balance-sheet total falls from 79.8% to 58.7%. Equity is higher and debt is lower.
Key figures and ratios
2020 value · change against 2019
EBITDA
€-7k
Cash flow
€-8k
Current ratio
5.00
2019 · 1.43
ROE
-79.8%
2019 · -343.6%
ROA
-32.9%
2019 · -69.4%
Debt ≤ 1 year
€4k
2019 · €18k
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 · 2020 against 2019 · 24 lines
Balance sheet Code20192020
Assets
Total assets20/58€25k€24k
Fixed assets21/28€39€2k
Tangible fixed assets22/27€0€2k
Financial fixed assets28€39€39=
Current assets29/58€25k€22k
Amounts receivable within one year40/41€16k€9k
Cash at bank and in hand54/58€9k€7k
Equity and liabilities
Total equity and liabilities10/49€25k€24k
Equity10/15€5k€10k
Contributions10/11€500€500=
Reserves13€50€13k
Profit (loss) carried forward14€5k€-3k
Amounts payable17/49€20k€14k
Amounts payable within one year42/48€18k€4k
Trade debts44€12k€2k
Income statement Code20192020
Turnover70€90k€30k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€522
Gross operating margin9900€-17k€-7k
Operating profit (loss)9901€-17k€-8k
Recurring financial charges65€161€177
Profit (loss) for the period before taxes9903€-17k€-8k
Income taxes67/77€-5-
Profit (loss) for the period9904€-17k€-8k
Profit (loss) for the period to be appropriated9905€-17k€-8k

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Timeline · acts, filings and financial milestones

2021
29-11
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 121 days late
18-02
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 202 days late
2020
31-12
Financial Liquidity triplescurrent ratio 5.00
Current ratio from 1.43 to 5.00; short-term debt falls from €18k to €4k.
2019
31-12
Financial Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
30-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
27-07
NBB filing Annual accounts filed
fiscal year 2015 · full schema
2015
27-07
NBB filing Annual accounts filed
fiscal year 2014 · full schema
2014
30-07
NBB filing Annual accounts filed
fiscal year 2013 · full schema
2013
22-07
NBB filing Annual accounts filed
fiscal year 2012 · full schema
2012
26-07
NBB filing Annual accounts filed
fiscal year 2011 · full schema
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, Anderlecht · 1 establishment unit since 2014
establishment The establishment unit on the map
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.

Karel Vande Woestijnestraat 241070 Anderlecht
Ground area
134 m²
Building footprint
77 m²
Volume, LiDAR
656 m³
Parcel 21001A0361/02S002, Brussels · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Karel Vande Woestijnestraat 24, 1070 Anderlecht
Advertising agencies
since 20142.228.623.696
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21001A0361/02S002 Brussels 134 m² 1 · 77 m² 12.3 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

Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 2,962 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 formLimited partnership
Founded08-09-2006
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
18130Pre-press and pre-media services
68122Development of non-residential building projects
68321Property management for co-owned buildings (syndics)
73110Advertising agencies
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
74112Other professional, scientific and technical activities
74120Graphic design and visual communication
74130Interior design
74140Other specialised design activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.