EL - RAN
ActiveSummary
EL - RAN has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.99M and a net result of €-515k. Equity is growing by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 52% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▲+4
Solvency71▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 4.15 against 2.43 in 2024; short-term debt: 23.4% and cash: 0.2% of total assets), but 53.8% 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
46.2%
Return on assets
-12%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-515k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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
24 d late
2024
8 d early
2023
26 d late
2022
19 d early
2021
20 d early
2020
8 d early
2019
21 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.99M▼ 20.5%
2024 · €2.50M
2018: €1.17M
2019: €1.46M
2020: €1.78M
2021: €2.29M
2022: €3.04M
2023: €4.55M
2024: €2.50M
2018 → 2025
Total assets
€4.31M▼ 15.6%
2024 · €5.10M
2018: €3.34M
2019: €3.88M
2020: €3.83M
2021: €3.91M
2022: €9.46M
2023: €12.42M
2024: €5.10M
2018 → 2025
Net result
€-515k▲ 74.8%
2024 · €-2.05M
2018: €19k
2019: €285k
2020: €320k
2021: €515k
2022: €753k
2023: €1.51M
2024: €-2.05M
2018 → 2025
Working capital
€3.17M▲ 9.8%
2024 · €2.89M
2018: €1.24M
2019: €1.51M
2020: €1.85M
2021: €2.36M
2022: €2.98M
2023: €4.52M
2024: €2.89M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.29M-€3.04M▲ 32.9%€4.55M▲ 49.5%€2.50M▼ 45.0%€1.99M▼ 20.5%
Operating result€689k-€928k▲ 34.8%€1.72M▲ 85.4%€-1.97M€-618k▲ 68.6%
Net result€515k-€753k▲ 46.1%€1.51M▲ 100%€-2.05M€-515k▲ 74.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €618k in 2025 against €1.97M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.31M
Fixed assets
€127k ▼ 35.1%
Current assets
€4.18M ▼ 14.8%
Equity and liabilities €4.31M
Equity
€1.99M ▼ 20.5%
Debt
€2.32M ▼ 10.8%
Debt's share of the balance-sheet total rises from 50.9% to 53.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-573k▲
2024 · €-1.92M
Cash flow
€-470k▲
2024 · €-2.00M
Current ratio
4.15▲
2024 · 2.43
Quick ratio
3.51▲
2024 · 1.56
Debt to equity
1.16▲
2024 · 1.04
ROE
-25.9%▲
2024 · -81.7%
ROA
-12.0%▲
2024 · -40.1%
Interest coverage
-82.98▼
2024 · -13.80
Debt ≤ 1 year
€1.01M▼
2024 · €2.02M
Debt > 1 year
€1.31M▲
2024 · €578k
Income taxes
€52k▼
2024 · €57k
Staff costs
€84k▼
2024 · €417k
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 · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.10M€4.31M▼
Fixed assets21/28€196k€127k▼
Intangible fixed assets21€22k€14k▼
Tangible fixed assets22/27€150k€113k▼
Plant, machinery and equipment23€144k€108k▼
Furniture and vehicles24€6k€5k▼
Financial fixed assets28€24k€74▼
Current assets29/58€4.90M€4.18M▼
Amounts receivable after more than one year29€189k€171k▼
Other amounts receivable291€189k€171k▼
Stocks and contracts in progress3€1.75M€638k▼
Stocks30/36€1.75M€638k▼
Amounts receivable within one year40/41€2.94M€3.36M▲
Trade receivables40€38k€274k▲
Other amounts receivable41€2.91M€3.09M▲
Cash at bank and in hand54/58€8k€8k▲
Deferred charges and accrued income490/1€12k-
Equity and liabilities
Total equity and liabilities10/49€5.10M€4.31M▼
Equity10/15€2.50M€1.99M▼
Contributions10/11€19k€19k=
Reserves13€4.53M€4.53M=
Tax-exempt reserves132€9k€9k=
Distributable reserves133€4.52M€4.52M=
Profit (loss) carried forward14€-2.05M€-2.56M▼
Amounts payable17/49€2.59M€2.32M▼
Amounts payable after more than one year17€578k€1.31M▲
Other amounts payable178/9€578k€1.31M▲
Amounts payable within one year42/48€2.02M€1.01M▼
Trade debts44€1.86M€928k▼
Suppliers440/4€1.86M€928k▼
Taxes, remuneration and social security45€137k€79k▼
Taxes450/3€86k€79k▼
Remuneration and social security454/9€52k-
Other amounts payable47/48€19k-
Accrued charges and deferred income492/3€129-
Income statement
Code20242025
Remuneration, social security and pensions62€417k€84k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€45k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€-1.50M€-487k▲
Operating profit (loss)9901€-1.97M€-618k▲
Financial income75/76B€118k€162k▲
Recurring financial income75€118k€162k▲
Financial charges65/66B€139k€7k▼
Recurring financial charges65€139k€7k▼
Profit (loss) for the period before taxes9903€-1.99M€-463k▲
Income taxes67/77€57k€52k▼
Profit (loss) for the period9904€-2.05M€-515k▲
Profit (loss) for the period to be appropriated9905€-2.05M€-515k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.05M€-2.56M▼
Profit (loss) brought forward from the previous period14P-€-2.05M
Social balance
Average headcount (FTE)90875.70.3▼
The notes to these accounts (11 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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-2.05M ▼236%
Net result drops to €-2.05M, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-12
Financial
Highest result since 2018net €1.51M ▲100%
Operating result €1.72M, net result €1.51M, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €2MEq €2.29M ▲29%
4 profitable years in a row build equity to €2.29M.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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 1989
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.
Hoveniersstraat 532018 AntwerpenGround area
1,776 m²
Building footprint
2,191 m²
Volume, LiDAR
69,494 m³
Parcel 11808H1183/00Z002, Flanders · tallest building 48.3 m, ±14 floors. Linked by address, not a title deed.
1 establishment unit
EL-RAN BVBA
since 19892.045.265.586
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1183/00Z002 | Flanders | 1,776 m² | 1 · 2,191 m² | 48.3 m · 14 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
IDAN DIAM
BE 0834.525.147
Antwerpen · Eq €1,989,068
ETERNITY DIAMONDS
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Antwerpen · Eq €2,021,777
KALP DIAMONDS
BE 0828.631.903
Antwerpen · Eq €2,024,943
DIAGEM
BE 0427.517.996
Antwerpen · Eq €2,029,105
JAY DIMON
BE 0479.202.962
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Of 1,229 companies in sector 46861 we hold annual accounts for 678. 450 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 formPrivate limited company
Founded25-09-1989
Fiscal year end31-12
Legal name NL
Novaris LGD
Activities, NACEBEL 2025
46861Wholesale of diamonds and other precious stones
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.