EL & KA
ActiveThe computed 12-month bankruptcy probability of EL & KA is 1.5% (moderate). The 2025 annual accounts show equity of €45k and a net result of €-2k. Equity is growing by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 65% of 640 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▲+10
Solvency76=
Growth50▼-17
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.95 against 2.02 in 2024; short-term debt: 49.3% and cash: 9.4% of total assets), and 49.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← 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 dateAge against the risk zone
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
50.7%
Return on assets
-1.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
1 d early
2023
48 d late
2022
15 d late
2021
29 d late
2020
23 d late
2018
6 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€462k▲ 2.8%
2024 · €449k
2018: €358k
2020: €383k
2021: €383k
2022: €425k
2023: €486k
2024: €449k
2018 → 2025
EBIT margin
0.3%▼ 1.9pp
2024 · 2.2%
2018: 0.7%
2020: 4.3%
2021: 1.1%
2022: 1.7%
2023: 3.7%
2024: 2.2%
2018 → 2025
Net result
€-2k
2024 · €5k
2018: €2k
2020: €16k
2021: €3k
2022: €5k
2023: €16k
2024: €5k
2018 → 2025
Working capital
€41k▼ 7.7%
2024 · €45k
2018: €-225
2020: €1k
2021: €8k
2022: €15k
2023: €36k
2024: €45k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€383k-€425k▲ 11.0%€486k▲ 14.3%€449k▼ 7.5%€462k▲ 2.8%
Equity€20k-€25k▲ 27.0%€42k▲ 64.1%€46k▲ 11.2%€45k▼ 3.2%
Operating result€4k-€7k▲ 74.0%€18k▲ 141%€10k▼ 44.1%€1k▼ 85.5%
Net result€3k-€5k▲ 94.1%€16k▲ 201%€5k▼ 71.4%€-2k
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 85% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €89k
Fixed assets
€4k▲ 117%
Current assets
€85k▼ 4.3%
Equity and liabilities €89k
Equity
€45k▼ 3.2%
Debt
€44k▼ 0.8%
The debt ratio rises from 48.7% to 49.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2k▼
2024 · €14k
Cash flow
€-1k▼
2024 · €9k
Solvency
50.7%▼
2024 · 51.3%
Current ratio
1.95▼
2024 · 2.02
Quick ratio
0.19▼
2024 · 0.28
Debt / equity
0.97▲
2024 · 0.95
ROE
-3.4%▼
2024 · 10.1%
ROA
-1.7%▼
2024 · 5.2%
Interest coverage
29.56
Debt
€44k▼
2024 · €44k
Debt ≤ 1 year
€44k▼
2024 · €44k
Income taxes
€3k▼
2024 · €5k
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€91k€89k▼
Fixed assets21/28€2k€4k▲
Tangible fixed assets22/27€2k€4k▲
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24-€2k
Current assets29/58€89k€85k▼
Stocks and contracts in progress3€77k€77k=
Stocks30/36€77k€77k=
Amounts receivable within one year40/41€47-
Other amounts receivable41€47-
Cash at bank and in hand54/58€12k€8k▼
Equity and liabilities
Total equity and liabilities10/49€91k€89k▼
Equity10/15€46k€45k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Profit (loss) carried forward14€28k€26k▼
Amounts payable17/49€44k€44k▼
Amounts payable within one year42/48€44k€44k▼
Trade debts44€44k€43k▼
Suppliers440/4€44k€43k▼
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Income statement
Code20242025
Turnover70€449k€462k▲
Goods, raw materials, services and sundry goods60/61€432k€457k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€241▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€17k€5k▼
Operating profit (loss)9901€10k€1k▼
Financial charges65/66B-€57
Recurring financial charges65-€57
Profit (loss) for the period before taxes9903€10k€1k▼
Income taxes67/77€5k€3k▼
Profit (loss) for the period9904€5k€-2k▼
Profit (loss) for the period to be appropriated9905€5k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€26k▼
Profit (loss) brought forward from the previous period14P€23k€28k▲
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 29 days late
2025
31-12
Financial
Weakest financial yearnet €-2k ▼132%
Net result drops to €-2k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 48 days late
2023
15-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 15 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 23 days late
2020
31-12
Financial
Highest result since 2018net €16k ▲611%
Net result €16k, the highest in the series.
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 60 days late
2017
19-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 19 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
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, Brussel · 1 establishment unit since 2009
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.
Fransmanstraat 531020 BrusselGround area
117 m²
Building footprint
107 m²
Volume, LiDAR
1,281 m³
Parcel 21816C0131/02V002, Brussels · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
EL & KA
since 20092.189.117.873
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816C0131/02V002 | Brussels | 117 m² | 1 · 107 m² | 15.7 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.189.117.873
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Nijs Wim
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Quality
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Of 599 companies in sector 10111 we hold annual accounts for 329. 212 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-08-2009
Fiscal year end31-12
Activities, NACEBEL
10110Manufacture of food products
10111Manufacture of food products
Sources
Crossroads Bank for EnterprisesNational Bank · 15 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.