ELAMI
Open bankruptcyFinancials · financial year 2024, full format
2024 annual accounts filed 43 days after the deadline Filed on 12 September 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00491955.
Annual accounts 2024 filed on 12-09-2025 PDF all 33 filings
Turnover
≈ €420,000
Estimated: probably between €150,000 and €1.1m
EBIT margin
Not included in this filing
Net result
-€106,718▼ 218%
2023 · -€33,545
Working capital
€347,332▼ 23.9%
2023 · €456,294
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result for 2024 is a loss of €50,304, larger than the loss of €1,171 in 2023.
Operating result-€0.05m
2024
Net result-€0.1m
2024
Total assets€1.2m
2024
Equity€0.3m
2024
Debt€0.8m
2024
Working capital€0.3m
2024
Return on assets (ROA)-9.1%
2024
Solvency29.6%
2024
Current ratio1.42
2024
Staff (FTE)3
2024
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result-€0.04m-€0.02m€0.6m▲ 31×-€0.2m-€0.2m=-€0.001m▲ 99.5%-€0.05m▼ 4,196%
Net result-€0.06m-€16€0.4mabove the sector's middle half▲ 27,774×-€0.2mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 1.4%-€0.03mbelow the sector's middle half▲ 86.0%-€0.1mbelow the sector's middle half▼ 218%
Equity€1.0m-€1.0m=€1.0mwithin the sector's middle half▲ 0.1%€0.7mwithin the sector's middle half▼ 24.5%€0.5mwithin the sector's middle half▼ 32.9%€0.5mwithin the sector's middle half▼ 6.9%€0.3mwithin the sector's middle half▼ 23.5%
Total assets€1.8m-€1.8m▼ 1.5%€1.8mwithin the sector's middle half▼ 0.1%€1.6mwithin the sector's middle half▼ 8.6%€1.6mwithin the sector's middle half▼ 2.8%€1.5mwithin the sector's middle half▼ 7.4%€1.2mwithin the sector's middle half▼ 19.2%
Debt€0.8m-€0.8m▼ 3.3%€0.8m▼ 0.4%€0.9m▲ 10.3%€1.1m▲ 21.8%€1.0m▼ 7.6%€0.8m▼ 17.3%
Working capital€1.4m-€1.3m▼ 6.5%€1.2mwithin the sector's middle half▼ 7.0%€0.9mwithin the sector's middle half▼ 27.5%€0.6mwithin the sector's middle half▼ 27.4%€0.5mwithin the sector's middle half▼ 26.8%€0.3mwithin the sector's middle half▼ 23.9%
Solvency53.4%-54.3%▲ 0.8pp54.4%within the sector's middle half▲ 0.1pp44.9%within the sector's middle half▼ 9.4pp31.0%within the sector's middle half▼ 13.9pp31.2%within the sector's middle half▲ 0.2pp29.6%within the sector's middle half▼ 1.6pp
Current ratio4.21-3.60▼ 0.613.05above the sector's middle half▼ 0.562.13within the sector's middle half▼ 0.911.66within the sector's middle half▼ 0.481.46within the sector's middle half▼ 0.201.42within the sector's middle half▼ 0.04
Return on assets (ROA)-3.4%-0.0%▲ 3.4pp24.8%above the sector's middle half▲ 24.8pp-14.6%below the sector's middle half▼ 39.4pp-15.2%below the sector's middle half▼ 0.6pp-2.3%below the sector's middle half▲ 12.9pp-9.1%below the sector's middle half▼ 6.8pp
Staff (FTE)3.3-4▲ 21.2%4.3within the sector's middle half▲ 7.5%4within the sector's middle half▼ 7.0%3below the sector's middle half▼ 25.0%3below the sector's middle half=3below the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets
€2,976 ▼ 20.3%
Current assets
€1.2m ▼ 19.2%
Equity and liabilities €1.2m
Equity
€348,308 ▼ 23.5%
Debt
€830,133 ▼ 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
-€49,548▼
2023 · -€1,123
Cash flow
-€105,962▼
2023 · -€33,497
Quick ratio
1.05▼
2023 · 1.05
Debt to equity
2.38▲
2023 · 2.21
ROE
-30.6%▼
2023 · -7.4%
Interest coverage
-0.84▼
2023 · -0.03
Debt ≤ 1 year
€828,133▼
2023 · €998,898
Staff costs
€112,307▲
2023 · €110,581
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 3 | 3 | 3 |
| full-time | 3 | 3 | 3 | 3 |
| in full-time equivalents | 3 | 3 | 3 | 3 |
| Average over the year, in full-time equivalents | 4 | 3 | 3 | 3 |
| On a permanent contract | 3 | 3 | 3 | 3 |
| Joined | 0 | 0 | - | - |
| Left | 2 | 1 | - | - |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €3,779 | - |
| Depreciation and write-downs of the year | €4,300 | €4,300 | €48 | €756 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €187,466 | €103,526 | €110,581 | €112,307 | ▲ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,300 | €4,300 | €4,300 | €4,300 | €4,300 | €48 | €756 | ▲ 16× |
| Other operating charges640/8 | - | - | - | €7,926 | €8,192 | €8,468 | €9,630 | ▲ 13.7% |
| Gross operating margin9900 | €103,901 | €199,246 | €772,533 | -€18,325 | -€102,006 | €117,925 | €72,389 | ▼ 38.6% |
| Operating profit (loss)9901 | -€35,162 | €18,442 | €574,423 | -€218,017 | -€218,025 | -€1,171 | -€50,304 | ▼ 4,196% |
| Financial income75/76B | - | - | - | - | - | €5,011 | €2,503 | ▼ 50.0% |
| Recurring financial income75 | €34 | - | - | - | - | €5,011 | €2,503 | ▼ 50.0% |
| Financial charges65/66B | - | - | - | €17,988 | €21,385 | €37,385 | €58,918 | ▲ 57.6% |
| Recurring financial charges65 | €25,123 | €18,100 | €20,925 | €17,988 | €21,385 | €37,385 | €58,918 | ▲ 57.6% |
| Profit (loss) for the period before taxes9903 | -€60,252 | €342 | €575,196 | -€236,005 | -€239,410 | -€33,545 | -€106,718 | ▼ 218% |
| Income taxes67/77 | €712 | €326 | €134,700 | €3 | - | - | - | - |
| Profit (loss) for the period9904 | -€60,964 | €16 | €440,496 | -€236,008 | -€239,410 | -€33,545 | -€106,718 | ▼ 218% |
| Profit (loss) for the period to be appropriated9905 | -€60,964 | €16 | €440,496 | -€236,008 | -€239,410 | -€33,545 | -€106,718 | ▼ 218% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.8m | €1.8m | €1.8m | €1.6m | €1.6m | €1.5m | €1.2m | ▼ 19.2% |
| Fixed assets21/28 | €0.02m | €0.01m | €0.009m | €0.004m | - | €0.004m | €0.003m | ▼ 20.3% |
| Tangible fixed assets22/27 | €0.02m | €0.01m | €0.009m | €0.004m | - | €0.004m | €0.003m | ▼ 20.3% |
| Plant, machinery and equipment23 | - | - | - | €0.004m | - | €0.004m | €0.003m | ▼ 20.3% |
| Other tangible fixed assets26 | - | - | - | €0.001m | - | - | - | - |
| Current assets29/58 | €1.8m | €1.8m | €1.8m | €1.6m | €1.6m | €1.5m | €1.2m | ▼ 19.2% |
| Stocks and contracts in progress3 | €0.6m | €0.6m | €0.7m | €0.6m | €0.5m | €0.4m | €0.3m | ▼ 24.0% |
| Stocks30/36 | - | - | - | €0.6m | €0.5m | €0.4m | €0.3m | ▼ 24.0% |
| Amounts receivable within one year40/41 | €1.1m | €1.1m | €0.9m | €0.9m | €1.0m | €1.0m | €0.8m | ▼ 16.0% |
| Trade receivables40 | - | - | - | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 60.4% |
| Other amounts receivable41 | - | - | - | €0.8m | €0.8m | €0.8m | €0.7m | ▼ 1.7% |
| Cash at bank and in hand54/58 | €0.03m | €0.08m | €0.2m | €0.1m | €0.04m | €0.05m | €0.03m | ▼ 43.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | - | €0.001m | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.8m | €1.8m | €1.8m | €1.6m | €1.6m | €1.5m | €1.2m | ▼ 19.2% |
| Equity10/15 | €1.0m | €1.0m | €1.0m | €0.7m | €0.5m | €0.5m | €0.3m | ▼ 23.5% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Contributions outside capital11 | - | - | - | €0.02m | €0.02m | €0.02m | - | - |
| Other1109/19 | - | - | - | €0.02m | €0.02m | €0.02m | - | - |
| Reserves13 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Legal reserve130 | - | - | - | €0.002m | €0.002m | €0.002m | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | - | €0.002m | - |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Profit (loss) carried forward14 | €0.004m | €0.004m | €0.005m | -€0.2m | -€0.5m | -€0.5m | -€0.6m | ▼ 21.2% |
| Amounts payable17/49 | €0.8m | €0.8m | €0.8m | €0.9m | €1.1m | €1.0m | €0.8m | ▼ 17.3% |
| Amounts payable after more than one year17 | €0.4m | €0.3m | €0.2m | €0.1m | €0.1m | - | - | - |
| Financial debts170/4 | - | - | - | €0.1m | €0.1m | - | - | - |
| Amounts payable within one year42/48 | €0.4m | €0.5m | €0.6m | €0.8m | €1.0m | €1.0m | €0.8m | ▼ 17.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.09m | - | €0.04m | - | - |
| Financial debts43 | - | - | - | €0.4m | €0.5m | €0.5m | €0.5m | = |
| Credit institutions430/8 | - | - | - | €0.4m | €0.5m | €0.5m | €0.5m | = |
| Trade debts44 | €0.07m | €0.08m | €0.05m | €0.2m | €0.4m | €0.4m | €0.3m | ▼ 14.3% |
| Suppliers440/4 | - | - | - | €0.2m | €0.4m | €0.4m | €0.3m | ▼ 14.3% |
| Advances received on contracts in progress46 | - | - | - | - | - | €0.06m | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.03m | €0.01m | €0.01m | ▼ 4.3% |
| Taxes450/3 | - | - | - | - | - | €0.001m | €0.001m | ▲ 4.0% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.03m | €0.01m | €0.01m | ▼ 5.2% |
| Other amounts payable47/48 | - | - | - | €0.05m | €0.05m | €0.07m | €0.05m | ▼ 28.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.005m | €0.002m | ▼ 60.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€60,964 | €16 | €440,496 | -€236,008 | -€239,410 | -€33,545 | -€106,718 | ▼ 218% |
| + Depreciation and write-downs630 | €4,300 | €4,300 | €4,300 | €4,300 | €4,300 | €48 | €756 | ▲ 16× |
| Operating cash flow (approximation) | -€56,664 | €4,316 | €444,796 | -€231,708 | -€235,110 | -€33,497 | -€105,962 | ▼ 216% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - | €0 | - |
| Change in cash | - | €54,074 | €90,534 | -€43,425 | -€83,631 | €5,236 | -€21,149 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 12-09-2025 | 2025-00491955 | |
| 31-12-2023 | full format | 04-06-2024 | 2024-00113472 | |
| 31-12-2022 | full format | 27-08-2023 | 2023-00360190 | |
| 31-12-2021 | full format | 29-08-2022 | 2022-20358149 | |
| 31-12-2020 | full format | 14-06-2021 | 2021-19900306 | |
| 31-12-2019 | full format | 30-06-2020 | 2020-23200409 | |
| 31-12-2018 | full format | 26-07-2019 | 2019-39400545 | |
| 31-12-2017 | full format | 25-06-2018 | 2018-22600208 | |
| 31-12-2016 | full format | 27-07-2017 | 2017-36500495 | |
| 31-12-2015 | full format | 29-08-2016 | 2016-48200020 |