EL - ER - ES
ActiveEL - ER - ES has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63k and a net result of €14k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 88% of 643 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
97
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▲+12
Solvency100▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 5.5 against 2.89 in 2024; short-term debt: 14.8% and cash: 38.8% of total assets), and 14.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Sector 32
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
85.2%
Return on assets
18.8%
Age of the figures
9 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
19 d late
2023
23 d early
2022
31 d early
2021
41 d early
2020
36 d early
2019
36 d early
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€63k▲ 28.2%
2024 · €49k
2018: €28k
2019: €33k
2020: €26k
2021: €24k
2022: €34k
2023: €43k
2024: €49k
2018 → 2025
Total assets
€74k▲ 10.8%
2024 · €67k
2018: €34k
2019: €36k
2020: €31k
2021: €33k
2022: €62k
2023: €64k
2024: €67k
2018 → 2025
Net result
€14k▲ 128%
2024 · €6k
2018: €3k
2019: €4k
2020: €-7k
2021: €-2k
2022: €11k
2023: €9k
2024: €6k
2018 → 2025
Working capital
€50k▲ 66.3%
2024 · €30k
2018: €13k
2019: €15k
2020: €9k
2021: €8k
2022: €7k
2023: €20k
2024: €30k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€24k-€34k▲ 45.9%€43k▲ 25.9%€49k▲ 14.1%€63k▲ 28.2%
Operating result€-1k-€12k€15k▲ 19.9%€11k▼ 24.7%€24k▲ 114%
Net result€-2k-€11k€9k▼ 17.7%€6k▼ 31.3%€14k▲ 128%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 114% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74k
Fixed assets
€14k▼ 35.9%
Current assets
€61k▲ 33.0%
Equity and liabilities €74k
Equity
€63k▲ 28.2%
Debt
€11k▼ 37.8%
The debt ratio falls from 26.4% to 14.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31k▲
2024 · €19k
Cash flow
€22k▲
2024 · €14k
Solvency
85.2%▲
2024 · 73.6%
Current ratio
5.50▲
2024 · 2.89
Quick ratio
3.38▲
2024 · 1.69
Debt / equity
0.17▼
2024 · 0.36
ROE
22.0%▲
2024 · 12.4%
ROA
18.8%▲
2024 · 9.1%
Interest coverage
22.14▲
2024 · 15.93
Debt
€11k▼
2024 · €18k
Debt ≤ 1 year
€11k▼
2024 · €16k
Income taxes
€8k▲
2024 · €4k
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€67k€74k▲
Fixed assets21/28€22k€14k▼
Tangible fixed assets22/27€22k€14k▼
Land and buildings22€8k€6k▼
Furniture and vehicles24€13k€8k▼
Current assets29/58€46k€61k▲
Stocks and contracts in progress3€19k€23k▲
Stocks30/36€19k€23k▲
Amounts receivable within one year40/41€8k€8k▲
Trade receivables40€7k€8k▲
Other amounts receivable41€734-
Cash at bank and in hand54/58€18k€29k▲
Deferred charges and accrued income490/1€245€253▲
Equity and liabilities
Total equity and liabilities10/49€67k€74k▲
Equity10/15€49k€63k▲
Contributions10/11€31k€31k=
Reserves13€18k€32k▲
Distributable reserves133€18k€32k▲
Amounts payable17/49€18k€11k▼
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€16k€11k▼
Current portion of amounts payable after more than one year42€4k€2k▼
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€6k€5k▼
Other amounts payable47/48€4k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€3k€3k▼
Gross operating margin9900€22k€34k▲
Operating profit (loss)9901€11k€24k▲
Financial income75/76B-€9
Recurring financial income75-€9
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€10k€22k▲
Income taxes67/77€4k€8k▲
Profit (loss) for the period9904€6k€14k▲
Profit (loss) for the period to be appropriated9905€6k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€14k▲
Transfer to equity691/2€6k€14k▲
To other reserves6921€6k€14k▲
The notes to these accounts (4 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €14k ▲128%
Operating result €24k, net result €14k, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-7k ▼263%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 1988
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.
Appelmansstraat 252018 AntwerpenGround area
4,976 m²
Building footprint
4,653 m²
Volume, LiDAR
102,225 m³
2 parcels, Flanders · tallest building 27.6 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
GOUDSMEDERIJ JUWELIER EL-ER-ES
since 19882.033.460.092
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1172/00K003 | Flanders | 4,638 m² | 1 · 4,457 m² | 27.6 m · 8 fl. |
| 11808H1182/00T017 | Flanders | 338 m² | 1 · 196 m² | 23.7 m · 7 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
PEELAERS FRANCIS
BE 0841.029.986
Kuurne · Eq €65k
J2 MUSIC
BE 0476.722.732
Holsbeek · Eq €61k
JAN IBENS
BE 0821.294.149
Antwerpen · Eq €67k
Toti Equestrian
BE 0789.278.310
Berlaar · Eq €67k
ELO BIJOUX
BE 0712.854.285
Gerpinnes · Eq €68k
Of 1,530 companies in sector 32123 we hold annual accounts for 225. 183 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-01-1988
Fiscal year end31-12
Activities, NACEBEL
32123Manufacture of jewellery
36223
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.