ELAMI
Open bankruptcyA bankruptcy procedure is open for ELAMI according to publications in the Belgian State Gazette; curator: CHRISTOPHE BAUDOUX.
Summary
The 2024 annual accounts show equity of €348k and a net result of €-107k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-107k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-09-2025, 43 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
not confirmed
2024
43 d late
2023
57 d early
2022
27 d late
2021
29 d late
2020
47 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-107k▼ 218%
2023 · €-34k
2018: €-61k
2019: €16
2020: €440k
2021: €-236k
2022: €-239k
2023: €-34k
2018 → 2024
Working capital
€347k▼ 23.9%
2023 · €456k
2018: €1.36M
2019: €1.27M
2020: €1.18M
2021: €859k
2022: €624k
2023: €456k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€964k-€728k▼ 24.5%€489k▼ 32.9%€455k▼ 6.9%€348k▼ 23.5%
Operating result€574k-€-218k€-218k=€-1k▲ 99.5%€-50k▼ 4,196%
Net result€440k-€-236k€-239k▼ 1.4%€-34k▲ 86.0%€-107k▼ 218%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €50k in 2024 against €1k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.18M
Fixed assets
€3k ▼ 20.3%
Current assets
€1.18M ▼ 19.2%
Equity and liabilities €1.18M
Equity
€348k ▼ 23.5%
Debt
€830k ▼ 17.3%
Debt's share of the balance-sheet total rises from 68.8% to 70.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-50k▼
2023 · €-1k
Cash flow
€-106k▼
2023 · €-33k
Current ratio
1.42▼
2023 · 1.46
Quick ratio
1.05▼
2023 · 1.05
Debt to equity
2.38▲
2023 · 2.21
ROE
-30.6%▼
2023 · -7.4%
ROA
-9.1%▼
2023 · -2.3%
Interest coverage
-0.84▼
2023 · -0.03
Debt ≤ 1 year
€828k▼
2023 · €999k
Staff costs
€112k▲
2023 · €111k
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 · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.46M€1.18M▼
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€4k€3k▼
Plant, machinery and equipment23€4k€3k▼
Current assets29/58€1.46M€1.18M▼
Stocks and contracts in progress3€402k€306k▼
Stocks30/36€402k€306k▼
Amounts receivable within one year40/41€1.00M€842k▼
Trade receivables40€245k€97k▼
Other amounts receivable41€758k€745k▼
Cash at bank and in hand54/58€49k€28k▼
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€1.46M€1.18M▼
Equity10/15€455k€348k▼
Contributions10/11€19k€19k=
Outside capital11€19k-
Other1109/19€19k-
Reserves13€941k€941k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k-
Reserves not available under the articles1311-€2k
Tax-exempt reserves132€19k€19k=
Distributable reserves133€920k€920k=
Profit (loss) carried forward14€-504k€-611k▼
Amounts payable17/49€1.00M€830k▼
Amounts payable within one year42/48€999k€828k▼
Current portion of amounts payable after more than one year42€40k-
Financial debts43€450k€450k=
Credit institutions430/8€450k€450k=
Trade debts44€368k€315k▼
Suppliers440/4€368k€315k▼
Advances received on contracts in progress46€57k-
Taxes, remuneration and social security45€13k€13k▼
Taxes450/3€1k€1k▲
Remuneration and social security454/9€12k€11k▼
Other amounts payable47/48€70k€50k▼
Accrued charges and deferred income492/3€5k€2k▼
Income statement
Code20232024
Remuneration, social security and pensions62€111k€112k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48€756▲
Other operating charges640/8€8k€10k▲
Gross operating margin9900€118k€72k▼
Operating profit (loss)9901€-1k€-50k▼
Financial income75/76B€5k€3k▼
Recurring financial income75€5k€3k▼
Financial charges65/66B€37k€59k▲
Recurring financial charges65€37k€59k▲
Profit (loss) for the period before taxes9903€-34k€-107k▼
Profit (loss) for the period9904€-34k€-107k▼
Profit (loss) for the period to be appropriated9905€-34k€-107k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-504k€-611k▼
Profit (loss) brought forward from the previous period14P€-471k€-504k▼
Social balance
Average headcount (FTE)90873.03.0=
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
2026
14-01
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · ELAMI SRL CHAUSSEE DE TUBIZE 487, 1420 BRAINE-L’ALLEUD · event 08-01-2026
2025
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 43 days late
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 27 days late
2022
31-12
Financial
Weakest financial yearnet €-239k
Net result drops to €-239k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €440k ▲2777300%
Operating result €574k, net result €440k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €16
Net result €16 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 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
Registered office, Braine-l'Alleud · 1 establishment unit since 2000
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.
Chaussée de Tubize 4871420 Braine-l'AlleudGround area
1.5 ha
Building footprint
3,245 m²
Volume, LiDAR
28,836 m³
Parcel 25743G0175/00M000, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ELAMI
since 20002.057.131.656
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25743G0175/00M000 | Wallonia | 1.5 ha | 1 · 3,245 m² | 10.2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTOPHE BAUDOUX RUE DE CLAIRVAUX 40,
1348 LOUVAIN-LA-NEUVE |
08-01-2026 → present |
Recognitions · licences · registrations
Legal Entity Identifier
549300FW16Z8POJ0TS45
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Of 2,122 companies in sector 46500 we hold annual accounts for 1,403. 1,054 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
Founded19-02-1992
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
46643Wholesale of electrical equipment, including installation materials
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.