EL7IRA
Open bankruptcyA bankruptcy procedure is open for EL7IRA according to publications in the Belgian State Gazette. The 2025 annual accounts show negative equity (€-159k) and a net result of €-96k.
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-159k
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 20-07-2026, 11 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
11 d early
2024
151 d late
2023
91 d late
2022
60 d late
2021
31 d late
2020
122 d late
2019
152 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-159k▼ 149%
2024 · €-64k
2019: €34k
2020: €56k
2021: €71k
2022: €80k
2023: €85k
2024: €-64k
2019 → 2025
Total assets
€128k▼ 22.1%
2024 · €164k
2019: €291k
2020: €346k
2021: €396k
2022: €410k
2023: €410k
2024: €164k
2019 → 2025
Net result
€-96k▲ 35.8%
2024 · €-149k
2019: €24k
2020: €22k
2021: €15k
2022: €9k
2023: €5k
2024: €-149k
2019 → 2025
Working capital
€-119k▼ 111%
2024 · €-56k
2019: €31k
2020: €42k
2021: €54k
2022: €66k
2023: €82k
2024: €-56k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€71k-€80k▲ 12.5%€85k▲ 6.0%€-64k€-159k▼ 149%
Operating result€20k-€14k▼ 29.1%€9k▼ 36.2%€-148k€-95k▲ 35.8%
Net result€15k-€9k▼ 40.1%€5k▼ 45.9%€-149k€-96k▲ 35.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €95k in 2025 against €148k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €128k
Fixed assets
€5k▼ 65.4%
Current assets
€122k▼ 17.5%
Key figures and ratios
EBITDA
€-92k▲
2024 · €-137k
Cash flow
€-93k▲
2024 · €-138k
Solvency
-124.8%▼
2024 · -39.0%
Current ratio
0.51▼
2024 · 0.73
Quick ratio
0.39▲
2024 · 0.34
Debt / equity
-1.80▲
2024 · -3.56
ROA
-74.8%▲
2024 · -90.8%
Interest coverage
-151.81▼
2024 · -139.98
Debt
€287k▲
2024 · €228k
Debt ≤ 1 year
€241k▲
2024 · €205k
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€164k€128k▼
Fixed assets21/28€15k€5k▼
Tangible fixed assets22/27€11k€848▼
Furniture and vehicles24€11k€848▼
Financial fixed assets28€5k€5k=
Current assets29/58€148k€122k▼
Stocks and contracts in progress3€79k€29k▼
Stocks30/36€79k€29k▼
Amounts receivable within one year40/41€59k€94k▲
Trade receivables40€59k€94k▲
Cash at bank and in hand54/58€10k€146▼
Equity and liabilities
Total equity and liabilities10/49€164k€128k▼
Equity10/15€-64k€-159k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-84k€-179k▼
Amounts payable17/49€228k€287k▲
Amounts payable within one year42/48€205k€241k▲
Trade debts44€40k€70k▲
Suppliers440/4€40k€70k▲
Advances received on contracts in progress46€15k€15k=
Taxes, remuneration and social security45€82k€111k▲
Taxes450/3€82k€111k▲
Other amounts payable47/48€68k€45k▼
Accrued charges and deferred income492/3€23k€46k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€3k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€124k€49k▼
Other operating charges640/8€132€3k▲
Gross operating margin9900€-13k€-40k▼
Operating profit (loss)9901€-148k€-95k▲
Financial charges65/66B€979€606▼
Recurring financial charges65€979€606▼
Profit (loss) for the period before taxes9903€-149k€-96k▲
Profit (loss) for the period9904€-149k€-96k▲
Profit (loss) for the period to be appropriated9905€-149k€-96k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-84k€-179k▼
Profit (loss) brought forward from the previous period14P€65k€-84k▼
The notes to these accounts (9 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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
28-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · EL7IRA BV JACHTLAAN 133, 1040 ETTERBEEK · event 19-05-2026
09-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL EL7IRA AVENUE DE LA CHASSE 133, 1040 ETTERBEEK · event 02-04-2026
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 151 days late
2024
31-12
Financial
Weakest financial yearnet €-149k ▼3198%
Net result drops to €-149k, the lowest in the series.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 152 days late
SignalFinancial 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
1 establishment unit since 2018
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.
Ground area
3,270 m²
Building footprint
202 m²
Volume, LiDAR
2,439 m³
2 parcels, Brussels, Flanders · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
EL7IRA
since 20182.286.055.715
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22005A0526/00Z000 | Flanders | 3,195 m² | 1 · 138 m² | 17.0 m · 4 fl. |
| 21364B0183/00H003 | Brussels | 75 m² | 1 · 63 m² | 17.8 m · 5 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTINE DE RIDDER ZAVELSTRAAT 13,
1000 BRUSSEL 1 |
19-05-2026 → present |
| Curator | Catherine HERINCKX AVENUE DU CONGO 1,
1050 IXELLES |
02-04-2026 → present |
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Of 1,276 companies in sector 46160 we hold annual accounts for 686. 538 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-11-2018
Fiscal year end31-12
Activities, NACEBEL
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.