ELANDD
ActiveSummary
ELANDD has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49,201 and a net result of €61,428. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 31% of 526 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency62▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.18 in 2024; short-term debt: 62.1% and cash: 39.5% of total assets), and 63.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three 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 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 31-03-2025 was due by 31-10-2025 and was filed on 19-09-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 d early
2024
36 d early
2023
32 d early
2022
48 d early
2021
40 d early
2020
39 d early
2019
44 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 21 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€49,201=
2024 · €49,201
Total assets
€133,792▼ 4.3%
2024 · €139,833
Net result
€61,428▲ 1.8%
2024 · €60,322
Working capital
€17,596▲ 8.9%
2024 · €16,158
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 72, Scientific research and development, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€43,758▲ 46.8%€81,787▲ 86.9%€69,454▼ 15.1%€78,088▲ 12.4%€77,290▼ 1.0%
Net result€33,719within the sector's middle half▲ 47.1%€63,232within the sector's middle half▲ 87.5%€52,450within the sector's middle half▼ 17.1%€60,322within the sector's middle half▲ 15.0%€61,428within the sector's middle half▲ 1.8%
Equity€49,201within the sector's middle half▼ 0.7%€49,201within the sector's middle half=€49,201within the sector's middle half=€49,201within the sector's middle half=€49,201within the sector's middle half=
Total assets€105,356below the sector's middle half▲ 31.6%€145,313within the sector's middle half▲ 37.9%€128,709within the sector's middle half▼ 11.4%€139,833within the sector's middle half▲ 8.6%€133,792within the sector's middle half▼ 4.3%
Debt€56,155▲ 84.0%€96,112▲ 71.2%€79,508▼ 17.3%€90,631▲ 14.0%€84,590▼ 6.7%
Working capital€30,406within the sector's middle half▲ 14.4%€27,629within the sector's middle half▼ 9.1%€20,599within the sector's middle half▼ 25.4%€16,158within the sector's middle half▼ 21.6%€17,596within the sector's middle half▲ 8.9%
Solvency46.7%within the sector's middle half▼ 15.2pp33.9%within the sector's middle half▼ 12.8pp38.2%within the sector's middle half▲ 4.4pp35.2%within the sector's middle half▼ 3.0pp36.8%within the sector's middle half▲ 1.6pp
Current ratio1.54within the sector's middle half▼ 0.331.29within the sector's middle half▼ 0.251.26within the sector's middle half▼ 0.031.18within the sector's middle half▼ 0.081.21below the sector's middle half▲ 0.03
Return on assets (ROA)32.0%above the sector's middle half▲ 3.4pp43.5%above the sector's middle half▲ 11.5pp40.8%above the sector's middle half▼ 2.8pp43.1%above the sector's middle half▲ 2.4pp45.9%above the sector's middle half▲ 2.8pp
above
within
below
the middle half (P25 to P75) of NACE 72, Scientific research and development, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €133,792
Fixed assets
€33,096 ▼ 3.0%
Current assets
€100,696 ▼ 4.7%
Equity and liabilities €133,792
Equity
€49,201 =
Debt
€84,590 ▼ 6.7%
Debt's share of the balance-sheet total falls from 64.8% to 63.2%. Debt is lower.
Key figures and ratios
EBITDA
€84,806▲
2024 · €84,346
Cash flow
€68,944▲
2024 · €66,580
Debt to equity
1.72▼
2024 · 1.84
ROE
124.9%▲
2024 · 122.6%
Interest coverage
18.07▼
2024 · 32.62
Debt ≤ 1 year
€83,100▼
2024 · €89,544
Income taxes
€16,218▲
2024 · €15,356
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,051 | €4,246 | €5,584 | €6,258 | €7,516 | ▲ 20.1% |
| Other operating charges640/8 | - | €356 | €226 | €276 | €230 | ▼ 16.7% |
| Gross operating margin9900 | €51,398 | €86,389 | €75,264 | €84,622 | €85,036 | ▲ 0.5% |
| Operating profit (loss)9901 | €43,758 | €81,787 | €69,454 | €78,088 | €77,290 | ▼ 1.0% |
| Financial income75/76B | - | €330 | €125 | €175 | €5,049 | ▲ 2,780% |
| Recurring financial income75 | - | €330 | €125 | €175 | €5,049 | ▲ 2,780% |
| Financial charges65/66B | - | €3,237 | €3,715 | €2,586 | €4,694 | ▲ 81.5% |
| Recurring financial charges65 | €378 | €3,237 | €3,715 | €2,586 | €4,694 | ▲ 81.5% |
| Profit (loss) for the period before taxes9903 | €43,380 | €78,881 | €65,865 | €75,678 | €77,646 | ▲ 2.6% |
| Income taxes67/77 | €9,661 | €15,649 | €13,415 | €15,356 | €16,218 | ▲ 5.6% |
| Profit (loss) for the period9904 | €33,719 | €63,232 | €52,450 | €60,322 | €61,428 | ▲ 1.8% |
| Profit (loss) for the period to be appropriated9905 | €34,065 | €63,232 | €52,450 | €60,322 | €61,428 | ▲ 1.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105,356 | €145,313 | €128,709 | €139,833 | €133,792 | ▼ 4.3% |
| Fixed assets21/28 | €19,132 | €23,861 | €29,498 | €34,131 | €33,096 | ▼ 3.0% |
| Tangible fixed assets22/27 | €19,132 | €23,861 | €29,478 | €34,111 | €33,076 | ▼ 3.0% |
| Plant, machinery and equipment23 | - | - | €2,170 | €3,717 | €2,696 | ▼ 27.5% |
| Furniture and vehicles24 | - | €1,006 | €350 | €5,760 | €4,191 | ▼ 27.2% |
| Other tangible fixed assets26 | - | €22,855 | €26,958 | €24,634 | €26,188 | ▲ 6.3% |
| Financial fixed assets28 | - | - | €20 | €20 | €20 | = |
| Current assets29/58 | €86,224 | €121,452 | €99,212 | €105,702 | €100,696 | ▼ 4.7% |
| Amounts receivable within one year40/41 | €19,360 | €21,780 | €21,405 | €27,554 | €21,470 | ▼ 22.1% |
| Trade receivables40 | - | €21,780 | €14,820 | €21,296 | €21,296 | = |
| Other amounts receivable41 | - | - | €6,585 | €6,258 | €174 | ▼ 97.2% |
| Current investments50/53 | - | €11,818 | €23,311 | €19,898 | €22,821 | ▲ 14.7% |
| Cash at bank and in hand54/58 | €61,668 | €86,837 | €53,401 | €55,198 | €52,839 | ▼ 4.3% |
| Deferred charges and accrued income490/1 | - | €1,018 | €1,095 | €3,053 | €3,566 | ▲ 16.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105,356 | €145,313 | €128,709 | €139,833 | €133,792 | ▼ 4.3% |
| Equity10/15 | €49,201 | €49,201 | €49,201 | €49,201 | €49,201 | = |
| Contributions10/11 | - | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €30,651 | €30,651 | €30,651 | €30,651 | €30,651 | = |
| Non-distributable reserves130/1 | - | €1,855 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,855 | - | - | - | - |
| Tax-exempt reserves132 | - | €68 | €68 | €68 | €68 | = |
| Distributable reserves133 | - | €28,729 | €30,584 | €30,584 | €30,584 | = |
| Amounts payable17/49 | €56,155 | €96,112 | €79,508 | €90,631 | €84,590 | ▼ 6.7% |
| Amounts payable within one year42/48 | €55,818 | €93,823 | €78,612 | €89,544 | €83,100 | ▼ 7.2% |
| Current portion of amounts payable after more than one year42 | - | €5,029 | €6,746 | €5,123 | €3,409 | ▼ 33.5% |
| Trade debts44 | €2,284 | €1,512 | €1,536 | €3,728 | €5,732 | ▲ 53.8% |
| Suppliers440/4 | - | €1,512 | €1,536 | €3,728 | €5,732 | ▲ 53.8% |
| Taxes, remuneration and social security45 | - | €4,967 | €602 | €1,119 | €3,096 | ▲ 177% |
| Taxes450/3 | - | €4,967 | €602 | €1,119 | €3,096 | ▲ 177% |
| Other amounts payable47/48 | - | €82,315 | €69,729 | €79,575 | €70,863 | ▼ 10.9% |
| Accrued charges and deferred income492/3 | - | €2,289 | €896 | €1,087 | €1,490 | ▲ 37.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,719 | €63,232 | €52,450 | €60,322 | €61,428 | ▲ 1.8% |
| + Depreciation and write-downs630 | €7,051 | €4,246 | €5,584 | €6,258 | €7,516 | ▲ 20.1% |
| Operating cash flow (approximation) | €40,770 | €67,477 | €58,034 | €66,580 | €68,944 | ▲ 3.6% |
| Investment in fixed assets (approximation) | - | -€8,975 | -€11,220 | -€10,891 | -€6,481 | ▲ 40.5% |
| Change in cash | - | €25,169 | -€33,435 | €1,796 | -€2,359 | ▼ 231% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
20-07
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
2025
19-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
13-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2019net €63,232 ▲87.5%
Operating result €81,787, net result €63,232, both a record.
2021
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
10-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Bonheiden · 1 establishment unit since 2014
Ground area
1,108 m²
Building footprint
178 m²
Volume, LiDAR
791 m³
Parcel 12005D0200/00S004, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ELANDD
since 20142.227.136.133
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12005D0200/00S004 | Flanders | 1,108 m² | 1 · 178 m² | 7.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
1 location
Similar companies · same sector, comparable size
BIO INX
BE 0784.459.685
Gent · Eq €49,332
Aquature Technologies
BE 0797.486.488
Antwerpen · Eq €48,036
LIPOFABRIK BELGIUM
BE 0604.979.201
Gembloux · Eq €47,972
ORINEO
BE 0821.371.353
Kortenberg · Eq €47,066
Huysse MedConsult
BE 0778.801.122
Boutersem · Eq €51,601
Of 762 companies in sector 72101 we hold annual accounts for 484. 240 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-02-2014
Fiscal year end31-03
Activities, NACEBEL 2025
72101Research and development on biotechnology
62200Computer consultancy and computer facilities management
71209Other technical testing and analysis
74120Graphic design and visual communication
74999Other professional, scientific and technical activities
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0546800381
Also
9925:BE0546800381
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.