ELANDIR
ActiveSummary
ELANDIR has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €568k and a net result of €20k. Equity is growing by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 94% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+72
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 5.94 against 2.45 in 2024; short-term debt: 7.3% and cash: 0% of total assets), and 9.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
90.4%
Return on assets
3.1%
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
1 d early
2023
6 d early
2022
30 d late
2021
11 d late
2020
31 d late
2019
21 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€568k▲ 3.6%
2024 · €549k
Total assets
€629k▼ 4.8%
2024 · €660k
Net result
€20k
2024 · €-129k
Working capital
€227k▲ 39.5%
2024 · €163k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€146k▼ 35.6%€150k▲ 3.2%€431k▲ 187%€-120k€36k
Net result€78k▼ 38.7%€83k▲ 6.5%€268k▲ 222%€-129k€20k
Equity€326k▲ 31.5%€410k▲ 25.5%€678k▲ 65.5%€549k▼ 19.1%€568k▲ 3.6%
Total assets€781k▲ 0.6%€857k▲ 9.6%€917k▲ 7.1%€660k▼ 28.0%€629k▼ 4.8%
Debt€455k▼ 13.9%€447k▼ 1.8%€240k▼ 46.4%€112k▼ 53.3%€61k▼ 45.9%
Working capital€-40k▲ 42.5%€3k€184k▲ 6,348%€163k▼ 11.4%€227k▲ 39.5%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €36k after a loss of €120k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €629k
Fixed assets
€356k ▼ 7.7%
Current assets
€273k ▼ 0.6%
Equity and liabilities €629k
Equity
€568k ▲ 3.6%
Debt
€61k ▼ 45.9%
Debt's share of the balance-sheet total falls from 16.9% to 9.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€96k▲
2024 · €-8k
Cash flow
€80k▲
2024 · €-16k
Current ratio
5.94▲
2024 · 2.45
Quick ratio
0.96▼
2024 · 1.17
Debt to equity
0.11▼
2024 · 0.20
ROE
3.5%▲
2024 · -23.6%
ROA
3.1%▲
2024 · -19.6%
Interest coverage
5.93▲
2024 · -0.86
Debt ≤ 1 year
€46k▼
2024 · €112k
Debt > 1 year
€15k
Income taxes
€329▼
2024 · €349
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €87k | €105k | €123k | €113k | €60k | ▼ 47.0% |
| Other operating charges640/8 | €6k | €3k | €4k | €4k | €4k | ▼ 11.7% |
| Non-recurring operating charges66A | €762 | €0 | - | - | €25k | - |
| Gross operating margin9900 | €239k | €258k | €558k | €-3k | €125k | ▲ 4,043% |
| Operating profit (loss)9901 | €146k | €150k | €431k | €-120k | €36k | ▲ 130% |
| Financial income75/76B | €5k | €115 | €0 | €354 | €0 | ▼ 100% |
| Recurring financial income75 | €5k | €115 | €0 | €354 | €0 | ▼ 100% |
| Financial charges65/66B | €30k | €26k | €22k | €9k | €16k | ▲ 83.4% |
| Recurring financial charges65 | €30k | €26k | €22k | €9k | €16k | ▲ 83.4% |
| Profit (loss) for the period before taxes9903 | €121k | €125k | €409k | €-129k | €20k | ▲ 116% |
| Income taxes67/77 | €43k | €41k | €141k | €349 | €329 | ▼ 5.6% |
| Profit (loss) for the period9904 | €78k | €83k | €268k | €-129k | €20k | ▲ 115% |
| Profit (loss) for the period to be appropriated9905 | €78k | €83k | €268k | €-129k | €20k | ▲ 115% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €781k | €857k | €917k | €660k | €629k | ▼ 4.8% |
| Fixed assets21/28 | €531k | €527k | €494k | €386k | €356k | ▼ 7.7% |
| Tangible fixed assets22/27 | €530k | €526k | €493k | €385k | €355k | ▼ 7.8% |
| Land and buildings22 | €449k | €452k | €415k | €339k | €306k | ▼ 9.5% |
| Plant, machinery and equipment23 | €4k | €3k | €9k | €7k | €5k | ▼ 28.9% |
| Furniture and vehicles24 | €77k | €71k | €69k | €39k | €11k | ▼ 71.3% |
| Leasing and similar rights25 | - | - | - | - | €32k | - |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €250k | €330k | €423k | €274k | €273k | ▼ 0.6% |
| Stocks and contracts in progress3 | €104k | €143k | €167k | €143k | €229k | ▲ 59.7% |
| Stocks30/36 | €104k | €143k | €167k | €143k | €229k | ▲ 59.7% |
| Amounts receivable within one year40/41 | €45k | €122k | €162k | €127k | €40k | ▼ 68.8% |
| Trade receivables40 | €45k | €103k | €141k | €118k | €40k | ▼ 66.5% |
| Other amounts receivable41 | €68 | €19k | €21k | €8k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €101k | €55k | €92k | €0 | €0 | - |
| Deferred charges and accrued income490/1 | - | €10k | €2k | €4k | €4k | ▼ 3.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €781k | €857k | €917k | €660k | €629k | ▼ 4.8% |
| Equity10/15 | €326k | €410k | €678k | €549k | €568k | ▲ 3.6% |
| Contributions10/11 | €15k | €15k | €15k | €15k | €15k | = |
| Reserves13 | €311k | €394k | €662k | €662k | €662k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €0 | ▼ 100% |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Other1319 | - | - | - | €2k | €0 | ▼ 100% |
| Distributable reserves133 | €309k | €392k | €660k | €660k | €662k | ▲ 0.3% |
| Profit (loss) carried forward14 | - | - | - | €-129k | €-109k | ▲ 15.3% |
| Amounts payable17/49 | €455k | €447k | €240k | €112k | €61k | ▼ 45.9% |
| Amounts payable after more than one year17 | €164k | €120k | €0 | - | €15k | - |
| Financial debts170/4 | €164k | €120k | €0 | - | €15k | - |
| Amounts payable within one year42/48 | €290k | €327k | €239k | €112k | €46k | ▼ 58.9% |
| Current portion of amounts payable after more than one year42 | €43k | €44k | €0 | - | €13k | - |
| Financial debts43 | €75k | €50k | €50k | €77k | €7k | ▼ 90.3% |
| Credit institutions430/8 | €75k | €50k | €50k | €77k | €7k | ▼ 90.3% |
| Trade debts44 | €32k | €15k | €92k | €24k | €13k | ▼ 45.7% |
| Suppliers440/4 | €32k | €15k | €92k | €24k | €13k | ▼ 45.7% |
| Advances received on contracts in progress46 | - | €160k | €0 | - | - | - |
| Taxes, remuneration and social security45 | €115k | €58k | €97k | €12k | €11k | ▼ 4.6% |
| Taxes450/3 | €115k | €58k | €97k | €12k | €11k | ▼ 4.6% |
| Other amounts payable47/48 | €25k | €85 | €0 | - | €2k | - |
| Accrued charges and deferred income492/3 | €1k | €0 | €187 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €78k | €83k | €268k | €-129k | €20k | ▲ 115% |
| + Depreciation and write-downs630 | €87k | €105k | €123k | €113k | €60k | ▼ 47.0% |
| Operating cash flow (approximation) | €165k | €188k | €392k | €-16k | €80k | ▲ 585% |
| Investment in fixed assets (approximation) | - | €-101k | €-91k | €-4k | €-30k | ▼ 590% |
| Change in cash | - | €-46k | €37k | €-92k | €0 | ▲ 100% |
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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 5.94
Current ratio from 2.45 to 5.94; short-term debt falls from €112k to €46k.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-129k
Net result drops to €-129k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €268k ▲222%
Operating result €431k, net result €268k, both a record.
31-12
Financial
Equity above €500kEq €678k ▲65.5%
6 profitable years in a row build equity to €678k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €200kEq €248k ▲361%
3 profitable years in a row build equity to €248k.
Show earlier events
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, De Haan · 1 establishment unit since 2008
Ground area
712 m²
Building footprint
166 m²
Volume, LiDAR
448 m³
Parcel 35007D0270/00T026, Flanders · tallest building 3.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ELANDIR
since 20082.173.080.706
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35007D0270/00T026 | Flanders | 712 m² | 1 · 166 m² | 3.6 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.
Recognitions · licences · registrations
Legal Entity Identifier
699400KANF7HVQ0C1Z18
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Of 1,070 companies in sector 47741 we hold annual accounts for 643. 433 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
Founded09-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
14210Manufacture of outerwear
46140Agents in the wholesale of industrial machinery, ships and aircraft
Scores and ratios are computed by Checked and are not a credit decision.