Turnover
≈ €120,000 estimated
The accounts state no turnover.
ELAB
Lifetime
6 annual accounts with figures on one time axisGross marginpeak €86,806 (2020)
€60,278▲ 4.9%
Resultlowest -€7,306 (2023)
€20,072▲ €25,993
Equitypeak €109,612 (2025)
€109,612▲ 22.4%
Debts
€335,467▲ 770%
Staffpeak 1.4 FTE (2024)
0.8 FTE▼ 42.9%
Board1 name since 2021
1 directorEL BOUZAKHI Abdelrahman
Documentsfilings and deeds
29-06-202632 days before the deadline
2025financial year
Back to profit: €20,072Staff from 1.4 FTE to 0.8 FTEEquity from €89,540 to €109,612Debts from €38,539 to €335,467Cash from €790 to €6,048
Key points
from the 2025 annual accountsDebts
€335,467 ▲ 770%
Debts rose by €296,928 in 2025.
Staff
1 employees on 31-12-2025
In 2025, 1 person joined and 1 left.
Liquidity
1.33 was 3.32 in 2024
Short-term debts rose from €38,539 to €335,467.
At the same address
330 companies
Position in the sector
€109,612
Less equity than 80% of companies in head offices and management consultancy. Sector median €1.1m · 3,867 companies.
Checked score
82
Excellent
Financially stronger than 31% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,544 companies (NACE 70, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.2%▲ +0.1 percentage points vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.5%▲ +0.2 percentage points vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.4%▼ -0.1 percentage points vs 02-2026
04-2026: 0.5%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.6%▲ +0.1 percentage points vs 07-2026
09-2026: 0.8%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 0.4%▼ -0.4 percentage points vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.33, cash €6,048
Founded in 2019
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Figures for financial year 2025 (filed on 29-06-2026)
Calculation
The band follows from the bankruptcy probability. 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). It does better than 27% of them on solvency, 5% on liquidity, 23% on profitability and 68% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,274 companies had the same profile as ELAB has now. Each dot stands for 9 companies, two years later.
94.7%
were still trading
2.5%
stopped another way
2.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ELAB itself is lower: 0.4% within 12 months. It rests on far more data about ELAB than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,274 companies, not a prediction for ELAB. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.33 (3.32 in 2024), below the usual 1.5. Short-term debt is 75.4% and cash 1.4% of total assets. 75.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €109,612
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 29-06-2026, 32 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
32 days early
2024
28 days late
2023
69 days early
2022
3 days early
2021
2 days early
2020
16 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 16 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0739719426
Registered office moved within Brussels
New registered office: Rue Abbé Cuypers 3 à 1040 Bruxelles · Previous registered office: Rue de Heembeek 163 à 1120 Bruxelles · General meeting of 23-11-2021 · Gazette deed
Incorporation
published on 19-12-2019 · Gazette deed
First establishment
Heembeeksestraat 163, Brussels
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| ELAB Etterbeek | €445,079 | €60,278 | 24.6% | 0.8 |
| Twelve Angry Men Brussels | €427,890 | €59,855 | 44.6% | 0.1 |
| SPACEID Anderlecht | €386,681 | €58,611 | 28.4% | 0.2 |
| Cruver Bilzen-Hoeselt | €357,683 | €78,316 | 53.5% | 0.8 |
| Your Partner in Consulting & Management Waasmunster | €486,298 | €58,393 | 42.4% | 0.8 |
| Meatpack International Deinze | €366,726 | €62,969 | 23.7% | 1 |
| FREKS Tervuren | €329,978 | €54,172 | 1.6% | 0.5 |
These companies have the same main activity as ELAB: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €330,000 and €486,000, founded between 2017 and 2021.
Official details
Source: KBO- Status
- Active since 17-12-2019Normal situation
- Registered office
- 331 active companies are registered at this address19 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.303.613.9031120 Brussels, since 17-12-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 06-01-2026
Annual accounts 2025
- Total assets
- €445,079▲ 248%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on ELAB
ELAB has existed since 2019. The gross margin fell from €86,806 in 2020 to €60,278 in 2025.
The gross margin has grown every year since 2021. Solvency fell in 2025 from 69.9% to 24.6%.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ELAB
- What is the company number of ELAB?
- The company number of ELAB is 0739.719.426. The VAT number is the same number with BE in front: BE 0739.719.426.
- Where is ELAB based?
- The registered office is at Priester Cuypersstraat 3, 1040 Etterbeek.Company details
- What does ELAB do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of ELAB?
- ELAB is a private limited company (BV).
- When was ELAB founded?
- ELAB was founded on 17-12-2019.
- Is ELAB still active?
- Yes, ELAB is an active enterprise in the KBO register.
- How many employees does ELAB have?
- ELAB had an average of 0.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of ELAB?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €60,278 and 64 comparable companies (NACE 70200). It probably lies between €86,000 and €180,000.
- Is ELAB profitable?
- In financial year 2025, ELAB made a profit of €20,072.
- Where can I find the annual accounts of ELAB?
- ELAB filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ELAB due?
- ELAB must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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