EL-FINANCE
ActiveSummary
EL-FINANCE has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87,336 and a net result of €176,828. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 29% of 39,152 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €87,336
- Profit
- €176,828
- VAN OUTRIVE ElkeDirector
- VERHOEVEN Gunther Eugeen ElisabethDirector
Why 95lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €301,751Liquidity: current ratio 1.35, cash €115,184Figures for financial year 2025 (filed 03-07-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 30% on solvency, 51% on liquidity, 84% on profitability and 64% on growth.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 24 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2018 to 2025net €176,828 ▲38.3%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 37% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% 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 497,445 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 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 74.5% 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 5,053 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €388 | €4,425 | €2,123 | €2,721 | €3,018 | €3,489 | €3,897 | €3,818 | ▼ 2.0% |
| Other operating charges640/8 | - | - | - | €1,215 | €816 | €1,161 | €716 | €941 | ▲ 31.3% |
| Gross operating margin9900 | €48,318 | €69,113 | €59,532 | €61,868 | €51,224 | €171,774 | €175,503 | €239,672 | ▲ 36.6% |
| Operating profit (loss)9901 | €46,430 | €62,734 | €56,333 | €57,931 | €47,390 | €167,124 | €170,890 | €234,913 | ▲ 37.5% |
| Financial income75/76B | - | - | - | €481 | €337 | €421 | €1,497 | €3,039 | ▲ 103% |
| Recurring financial income75 | €508 | €501 | €494 | €481 | €337 | €421 | €1,497 | €3,039 | ▲ 103% |
| Financial charges65/66B | - | - | - | €3,316 | €3,442 | €2,980 | €3,587 | €5,357 | ▲ 49.3% |
| Recurring financial charges65 | €2,119 | €1,223 | €1,583 | €3,316 | €3,442 | €2,980 | €3,587 | €5,357 | ▲ 49.3% |
| Profit (loss) for the period before taxes9903 | €44,818 | €62,012 | €55,244 | €55,096 | €44,285 | €164,564 | €168,799 | €232,594 | ▲ 37.8% |
| Income taxes67/77 | €12,678 | €15,427 | €13,869 | €13,320 | €11,131 | €39,635 | €40,980 | €55,766 | ▲ 36.1% |
| Profit (loss) for the period9904 | €32,140 | €46,585 | €41,375 | €41,776 | €33,154 | €124,930 | €127,819 | €176,828 | ▲ 38.3% |
| Profit (loss) for the period to be appropriated9905 | €32,140 | €46,585 | €41,375 | €41,776 | €33,154 | €124,930 | €127,819 | €176,828 | ▲ 38.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €100,950 | €110,141 | €109,961 | €120,226 | €124,649 | €205,409 | €235,359 | €301,751 | ▲ 28.2% |
| Fixed assets21/28 | €775 | €18,322 | €12,120 | €15,375 | €18,265 | €17,389 | €13,491 | €11,704 | ▼ 13.2% |
| Tangible fixed assets22/27 | €775 | €18,322 | €12,120 | €15,375 | €18,265 | €17,389 | €13,491 | €11,704 | ▼ 13.2% |
| Land and buildings22 | - | - | - | €9,860 | €14,339 | €12,339 | €10,340 | €8,341 | ▼ 19.3% |
| Furniture and vehicles24 | - | - | - | €5,515 | €3,927 | €5,049 | €3,151 | €3,364 | ▲ 6.7% |
| Current assets29/58 | €100,175 | €91,819 | €97,841 | €104,852 | €106,384 | €188,021 | €221,868 | €290,047 | ▲ 30.7% |
| Amounts receivable after more than one year29 | - | - | - | €11,500 | €5,500 | €0 | - | - | - |
| Trade receivables290 | - | - | - | €11,500 | €5,500 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €40,410 | €51,452 | €51,052 | €47,060 | €38,813 | €43,518 | €40,728 | €107,750 | ▲ 165% |
| Trade receivables40 | - | - | - | €35,379 | €24,943 | €40,790 | €30,170 | €88,733 | ▲ 194% |
| Other amounts receivable41 | - | - | - | €11,680 | €13,869 | €2,728 | €10,557 | €19,017 | ▲ 80.1% |
| Current investments50/53 | - | - | - | - | €5,177 | €14,777 | €25,577 | €36,377 | ▲ 42.2% |
| Cash at bank and in hand54/58 | €33,438 | €16,076 | €27,237 | €44,165 | €54,752 | €127,258 | €141,281 | €115,184 | ▼ 18.5% |
| Deferred charges and accrued income490/1 | - | - | - | €2,127 | €2,142 | €2,468 | €14,282 | €30,736 | ▲ 115% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €100,950 | €110,141 | €109,961 | €120,226 | €124,649 | €205,409 | €235,359 | €301,751 | ▲ 28.2% |
| Equity10/15 | €35,473 | €36,058 | €47,432 | €49,208 | €42,362 | €67,292 | €75,111 | €87,336 | ▲ 16.3% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €15,094 | €15,094 | €15,094 | €15,094 | €15,094 | €15,094 | €15,094 | €15,094 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €13,234 | €13,234 | €13,234 | €13,234 | €13,234 | = |
| Profit (loss) carried forward14 | €1,779 | €2,364 | €13,738 | €15,514 | €8,669 | €33,598 | €41,417 | €53,642 | ▲ 29.5% |
| Amounts payable17/49 | €65,477 | €74,083 | €62,529 | €71,018 | €82,287 | €138,117 | €160,248 | €214,416 | ▲ 33.8% |
| Amounts payable after more than one year17 | - | - | - | €940 | €0 | - | - | - | - |
| Financial debts170/4 | - | - | - | €940 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €65,477 | €74,083 | €62,529 | €69,779 | €82,287 | €138,117 | €160,248 | €214,416 | ▲ 33.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,819 | €940 | €0 | - | - | - |
| Financial debts43 | - | - | - | €6,324 | €8,434 | €11,979 | €17,117 | €16,968 | ▼ 0.9% |
| Credit institutions430/8 | - | - | - | €6,324 | €8,434 | €11,979 | €17,117 | €16,968 | ▼ 0.9% |
| Trade debts44 | €1,344 | €1,555 | €4,846 | €4,565 | €3,534 | €8,990 | €4,336 | €36,811 | ▲ 749% |
| Suppliers440/4 | - | - | - | €4,565 | €3,534 | €8,990 | €4,336 | €36,811 | ▲ 749% |
| Taxes, remuneration and social security45 | - | - | - | €9,902 | €8,679 | €17,149 | €18,795 | €26,395 | ▲ 40.4% |
| Taxes450/3 | - | - | - | €7,242 | €5,895 | €14,363 | €15,971 | €23,611 | ▲ 47.8% |
| Remuneration and social security454/9 | - | - | - | €2,660 | €2,784 | €2,786 | €2,824 | €2,784 | ▼ 1.4% |
| Other amounts payable47/48 | - | - | - | €46,169 | €60,701 | €100,000 | €120,000 | €134,242 | ▲ 11.9% |
| Accrued charges and deferred income492/3 | - | - | - | €300 | €0 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,140 | €46,585 | €41,375 | €41,776 | €33,154 | €124,930 | €127,819 | €176,828 | ▲ 38.3% |
| + Depreciation and write-downs630 | €388 | €4,425 | €2,123 | €2,721 | €3,018 | €3,489 | €3,897 | €3,818 | ▼ 2.0% |
| Operating cash flow (approximation) | €32,528 | €51,009 | €43,498 | €44,497 | €36,172 | €128,419 | €131,716 | €180,646 | ▲ 37.1% |
| Investment in fixed assets (approximation) | - | -€21,971 | €4,079 | -€5,977 | -€5,908 | -€2,612 | €0 | -€2,031 | - |
| Change in cash | - | -€17,361 | €11,161 | €16,928 | €10,587 | €72,506 | €14,023 | -€26,097 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 03-07-2026 | 2026-00248343 |
| 31-12-2024 | micro format | 07-08-2025 | 2025-00365395 |
| 31-12-2023 | micro format | 12-07-2024 | 2024-00239509 |
| 31-12-2022 | micro format | 20-06-2023 | 2023-00140180 |
| 31-12-2021 | micro format | 21-06-2022 | 2022-20077299 |
| 31-12-2020 | micro format | 02-07-2021 | 2021-30500266 |
| 31-12-2019 | micro format | 13-07-2020 | 2020-29400250 |
| 31-12-2018 | micro format | 29-07-2019 | 2019-40000548 |
| 31-12-2017 | micro format | 28-06-2018 | 2018-25300082 |
| 31-12-2016 | abbreviated format | 28-08-2017 | 2017-51200524 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2025 · 1 entry · €659 awarded · €659 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VAN OUTRIVE Elke |
|
| VERHOEVEN Gunther Eugeen Elisabeth |
|
Owners and capital
Capital and shareholders
- 12-01-2024 Converted to available equity
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
11-02
Gazette deed
Resignations & appointmentsGeneral meeting3 facts ▸
- General meeting, 03-01-2025
- Other provision, “bestuurder, mandaat bestuurder” (deed in Dutch)
- Other provision, “back-page form caption, Achtorkant” (deed in Dutch)
12-01
Gazette deed
Appointments: VAN OUTRIVE Elke (statutory director) and VERHOEVEN Gunther Eugeen Elisabeth (director)Resignation: VERHOEVEN Gunther Eugeen Elisabeth (manager) · Amendment of the articles · Legal form clause12 facts ▸
- General meeting, 21-12-2023
- Amendment of the articles (2 times)
- Legal form clause, “besloten vennootschap (afgekort BV)” (deed in Dutch)
- Capital conversion, “beschikbaar voor uitkering” (deed in Dutch)
- Registered office clause, “2560 Nijlen, Jozef Simonshof 2” (deed in Dutch)
- Purpose change
- Capital
- Director appointment, VAN OUTRIVE Elke (statutory director)
- Power of attorney, VERELST Nathalie
- Power of attorney, Carla Janssens
- Director resignation, VERHOEVEN Gunther Eugeen Elisabeth (manager (not named in the articles))
- Director appointment, VERHOEVEN Gunther Eugeen Elisabeth (director (not named in the articles))
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12026B0307/00E000 | Flanders | 1,222 m² | 1 · 185 m² | 6.3 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verlenen van advies en het verstrekken van diensten op het gebied van financiën, verzekeringen, human resource management, logistiek en…” (deed in Dutch)
8 activities (deed in Dutch)
- Het verlenen van advies en het verstrekken van diensten op het gebied van financiën, verzekeringen, human resource management, logistiek en informatie, ontwikkelen, aan en verkoop van software en hardware producten in de ruimste zin van het woord.
- Het plannen, leiden en coördineren van bouw- en renovatieprojecten in de ruimste zin van het woord.
- Het verrichten van alle studies, en het uitwerken van alle ontwerpen ook voor rekening van derden, en het verlenen van alle adviezen in verband met bovenvermelde activiteiten.
- Het in eigendom behouden en uitbaten van alle bebouwde en onbebouwde onroerende goederen, het verhuren, huren, onderverhuren of onderhuren, beheren voor eigen rekening of voor rekening van derden van alle bebouwde of onbebouwde onroerende goederen.
- Dit alles in binnen- en buitenland, zowel rechtstreeks voor eigen rekening als hoofdhandelaar en als agent.
- De vennootschap kan voor de verwezenlijking van haar voorwerp, alle eigendommen, zowel roerend als onroerend, alle industriële, inrichtingen en installaties aankopen, overnemen, uitbaten, afstaan, opbouwen, huren, verkopen, en omwisselen.
- Zij kan er zich door middel van inbreng, samensmelting, inschrijving of op welke ,andere wijze interesseren in alle ondernemingen, vennootschappen of deelnemingen en associaties, waarvan het voorwerp, hetzelfde, gelijkaardig of aanverwant, of enkele nuttig kan zijn voor de algehele of gedeeltelijke verwezenlijking van haar voorwerp.
- In het algemeen kan zij alle handelsverrichtingen doen, zowel financiële als industriële, roerende of onroerende, die rechtstreeks of onrechtstreeks, geheel of ten dele betrekking hebben op haar voorwerp, of die van die aard zijn dat ze de verwezenlijking ervan vergemakkelijken of bevorderen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- EL-FINANCE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “§2. Externe vertegenwoordiging Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. De…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, 1” (deed in Dutch)“Ad nutum, wettige reden” (deed in Dutch)“Vaste vertegenwoordiger, hoofdelijk met de rechtspersoon” (deed in Dutch)“Handelingen waarvoor alleen algemene vergadering bevoegd is, geheel van de bevoegdheden” (deed in Dutch)
Capital, shares and profit
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 19 June at 15:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one.
- No statutory auditor