ELAGO
ActiveELAGO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €199k and a net result of €125k. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 91% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
98
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 13.71 against 17.14 in 2024; short-term debt: 7.3% and cash: 48.9% of total assets), and 7.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
92.7%
Return on assets
58.2%
Age of the figures
9 mo
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
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 06-06-2026, 55 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
55 d early
2024
29 d early
2023
25 d late
2022
29 d late
2021
30 d late
2020
61 d late
2019
89 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€199k▼ 29.1%
2024 · €281k
2018: €148k
2019: €181k
2020: €216k
2021: €269k
2022: €311k
2023: €234k
2024: €281k
2018 → 2025
Total assets
€215k▼ 28.0%
2024 · €299k
2018: €162k
2019: €191k
2020: €232k
2021: €291k
2022: €338k
2023: €248k
2024: €299k
2018 → 2025
Net result
€125k▲ 55.5%
2024 · €80k
2018: €34k
2019: €33k
2020: €35k
2021: €53k
2022: €43k
2023: €12k
2024: €80k
2018 → 2025
Working capital
€199k▼ 28.5%
2024 · €278k
2018: €123k
2019: €170k
2020: €205k
2021: €210k
2022: €255k
2023: €229k
2024: €278k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€269k-€311k▲ 15.9%€234k▼ 24.8%€281k▲ 20.3%€199k▼ 29.1%
Operating result€69k-€59k▼ 14.5%€26k▼ 55.4%€98k▲ 273%€122k▲ 23.6%
Net result€53k-€43k▼ 19.3%€12k▼ 71.5%€80k▲ 562%€125k▲ 55.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 24% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €215k
Fixed assets
€749▼ 77.7%
Current assets
€214k▼ 27.4%
Equity and liabilities €215k
Equity
€199k▼ 29.1%
Debt
€16k▼ 9.2%
The debt ratio rises from 5.8% to 7.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€124k▲
2024 · €100k
Cash flow
€127k▲
2024 · €82k
Solvency
92.7%▼
2024 · 94.2%
Current ratio
13.71▼
2024 · 17.14
Quick ratio
13.71▼
2024 · 17.14
Debt / equity
0.08▲
2024 · 0.06
ROE
62.7%▲
2024 · 28.6%
ROA
58.2%▲
2024 · 26.9%
Interest coverage
90.11▼
2024 · 124.24
Debt
€16k▼
2024 · €17k
Debt ≤ 1 year
€16k▼
2024 · €17k
Income taxes
€19k▼
2024 · €23k
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€299k€215k▼
Fixed assets21/28€3k€749▼
Tangible fixed assets22/27€3k€749▼
Other tangible fixed assets26€3k€749▼
Financial fixed assets28€700€0▼
Current assets29/58€295k€214k▼
Amounts receivable within one year40/41€14k€32k▲
Trade receivables40€14k€32k▲
Current investments50/53€38k€77k▲
Cash at bank and in hand54/58€244k€105k▼
Equity and liabilities
Total equity and liabilities10/49€299k€215k▼
Equity10/15€281k€199k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€263k€181k▼
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€261k€179k▼
Amounts payable17/49€17k€16k▼
Amounts payable within one year42/48€17k€16k▼
Trade debts44€481€36▼
Suppliers440/4€481€36▼
Taxes, remuneration and social security45€17k€16k▼
Taxes450/3€17k€16k▼
Other amounts payable47/48€24-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€845€975▲
Non-recurring operating charges66A€0€700▲
Gross operating margin9900€101k€125k▲
Operating profit (loss)9901€98k€122k▲
Financial income75/76B€6k€29k▲
Recurring financial income75€6k€1k▼
Non-recurring financial income76B-€28k
Financial charges65/66B€808€7k▲
Recurring financial charges65€808€1k▲
Non-recurring financial charges66B-€6k
Profit (loss) for the period before taxes9903€104k€144k▲
Income taxes67/77€23k€19k▼
Profit (loss) for the period9904€80k€125k▲
Profit (loss) for the period to be appropriated9905€80k€125k▲
Appropriation of the result
Profit (loss) to be appropriated9906€80k€125k▲
Transfer from equity791/2-€50k
Transfer to equity691/2€80k-
To other reserves6921€80k-
Profit to be distributed694/7-€175k
Return on contributions (dividend)694-€175k
The notes to these accounts (7 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
06-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €125k ▲55.5%
Operating result €122k, net result €125k, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 25 days late
2023
31-12
Financial
Weakest financial yearnet €12k ▼71.5%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Equity above €200kEq €216k ▲19.1%
3 profitable years in a row build equity to €216k.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Equity above €150kEq €181k ▲22.2%
2 profitable years in a row build equity to €181k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
15-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 46 days late
2017
19-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 50 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2015
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.
Rozemarijnstraat 419000 GentGround area
149 m²
Building footprint
92 m²
Volume, LiDAR
787 m³
Parcel 44806F0556/00L000, Flanders · tallest building 14.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ELAGO
since 20152.238.880.061
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44806F0556/00L000 | Flanders | 149 m² | 1 · 92 m² | 14.5 m · 3 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 139 EUR awarded · 139 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 65 EUR | 65 EUR |
| 2023 | 1 | 74 EUR | 74 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
894500MOIHD2FDSPSE94
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 40,069 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-01-2015
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.