Summary
ELAQ is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.0m and a net result of €692,863. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 64% of 8091 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.0m
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-04-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
64 d early
2023
28 d early
2022
33 d early
2021
19 d early
2020
18 d early
2019
2 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 27 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.0m▲ 74.2%
2024 · €583,509
Net result
€692,863▲ 726%
2024 · €83,896
Total assets
€1.5m▲ 1.2%
2024 · €1.5m
Solvency
67.4%▲ 28.3pp
2024 · 39.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€124,803▲ 35.5%€115,708▼ 7.3%€132,128▲ 14.2%€151,490▲ 14.7%€1.0m▲ 574%
Net result€68,885within the sector's middle half▲ 137%€64,741within the sector's middle half▼ 6.0%€68,472within the sector's middle half▲ 5.8%€83,896above the sector's middle half▲ 22.5%€692,863above the sector's middle half▲ 726%
Equity€624,305above the sector's middle half▲ 12.4%€431,141above the sector's middle half▼ 30.9%€499,613above the sector's middle half▲ 15.9%€583,509above the sector's middle half▲ 16.8%€1.0mabove the sector's middle half▲ 74.2%
Total assets€1.6mabove the sector's middle half▼ 2.0%€1.5mabove the sector's middle half▼ 4.6%€1.4mabove the sector's middle half▼ 2.5%€1.5mabove the sector's middle half▲ 3.0%€1.5mabove the sector's middle half▲ 1.2%
Debt€931,058▼ 12.2%€1.1m▲ 13.1%€947,651▼ 10.0%€906,881▼ 4.3%€491,113▼ 45.8%
Working capital-€171,489below the sector's middle half▲ 73.8%-€433,755below the sector's middle half▼ 153%-€416,767below the sector's middle half▲ 3.9%-€369,344below the sector's middle half▲ 11.4%€788,644above the sector's middle half
Solvency40.1%within the sector's middle half▲ 5.1pp29.0%within the sector's middle half▼ 11.1pp34.5%within the sector's middle half▲ 5.5pp39.2%within the sector's middle half▲ 4.6pp67.4%within the sector's middle half▲ 28.3pp
Current ratio0.34below the sector's middle half▲ 0.260.13below the sector's middle half▼ 0.210.15below the sector's middle half▲ 0.020.31below the sector's middle half▲ 0.154.73above the sector's middle half▲ 4.43
Return on assets (ROA)4.4%within the sector's middle half▲ 2.6pp4.4%within the sector's middle half▼ 0.1pp4.7%within the sector's middle half▲ 0.4pp5.6%within the sector's middle half▲ 0.9pp46.0%above the sector's middle half▲ 40.3pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 574% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€507,924 ▼ 61.7%
Current assets
€999,938 ▲ 513%
Equity and liabilities €1.5m
Equity
€1.0m ▲ 74.2%
Debt
€491,113 ▼ 45.8%
Debt's share of the balance-sheet total falls from 60.8% to 32.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
68.1%▲
2024 · 14.4%
Debt ≤ 1 year
€211,294▼
2024 · €532,408
Debt > 1 year
€279,819▼
2024 · €350,829
Income taxes
€327,390▲
2024 · €37,559
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 | €852 | - | €67 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €70,063 | €50,035 | €48,493 | €48,666 | €25,504 | ▼ 47.6% |
| Other operating charges640/8 | €6,457 | €6,340 | €6,862 | €8,452 | €5,567 | ▼ 34.1% |
| Non-recurring operating charges66A | - | €852 | - | - | - | - |
| Gross operating margin9900 | €201,324 | €172,935 | €187,484 | €208,608 | €1.1m | ▲ 404% |
| Operating profit (loss)9901 | €124,803 | €115,708 | €132,128 | €151,490 | €1.0m | ▲ 574% |
| Financial income75/76B | - | €1 | - | €28 | €12,411 | ▲ 44,771% |
| Recurring financial income75 | - | €1 | - | €28 | €12,411 | ▲ 44,771% |
| Financial charges65/66B | €27,566 | €21,756 | €30,015 | €30,063 | €13,492 | ▼ 55.1% |
| Recurring financial charges65 | €27,566 | €21,756 | €30,015 | €30,063 | €13,492 | ▼ 55.1% |
| Profit (loss) for the period before taxes9903 | €97,237 | €93,953 | €102,113 | €121,455 | €1.0m | ▲ 740% |
| Income taxes67/77 | €28,351 | €29,211 | €33,641 | €37,559 | €327,390 | ▲ 772% |
| Profit (loss) for the period9904 | €68,885 | €64,741 | €68,472 | €83,896 | €692,863 | ▲ 726% |
| Profit (loss) for the period to be appropriated9905 | €68,885 | €64,741 | €68,472 | €83,896 | €692,863 | ▲ 726% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.5m | €1.4m | €1.5m | €1.5m | ▲ 1.2% |
| Fixed assets21/28 | €1.5m | €1.4m | €1.4m | €1.3m | €507,924 | ▼ 61.7% |
| Tangible fixed assets22/27 | €1.5m | €1.4m | €1.4m | €1.3m | €507,924 | ▼ 61.7% |
| Land and buildings22 | €1.5m | €1.4m | €1.4m | €1.3m | €504,156 | ▼ 61.9% |
| Furniture and vehicles24 | €2,752 | €2,431 | €1,305 | €4,326 | €3,169 | ▼ 26.8% |
| Other tangible fixed assets26 | €7,135 | €4,943 | €2,871 | €799 | €600 | ▼ 24.9% |
| Current assets29/58 | €87,119 | €64,868 | €76,162 | €163,064 | €999,938 | ▲ 513% |
| Amounts receivable within one year40/41 | €40,055 | €36,782 | €65,130 | €32,642 | €218,041 | ▲ 568% |
| Trade receivables40 | €39,867 | €36,034 | €65,090 | €30,660 | €36,823 | ▲ 20.1% |
| Other amounts receivable41 | €188 | €748 | €40 | €1,981 | €181,218 | ▲ 9,046% |
| Current investments50/53 | - | - | - | - | €475,000 | - |
| Cash at bank and in hand54/58 | €35,710 | €25,011 | €6,075 | €125,257 | €305,031 | ▲ 144% |
| Deferred charges and accrued income490/1 | €11,354 | €3,074 | €4,957 | €5,165 | €1,866 | ▼ 63.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.5m | €1.4m | €1.5m | €1.5m | ▲ 1.2% |
| Equity10/15 | €624,305 | €431,141 | €499,613 | €583,509 | €1.0m | ▲ 74.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €605,705 | €412,541 | €481,013 | €564,909 | €998,149 | ▲ 76.7% |
| Non-distributable reserves130/1 | €22,000 | €22,000 | - | - | - | - |
| Reserves not available under the articles1311 | €22,000 | €22,000 | - | - | - | - |
| Distributable reserves133 | €583,705 | €390,541 | €481,013 | €564,909 | €998,149 | ▲ 76.7% |
| Amounts payable17/49 | €931,058 | €1.1m | €947,651 | €906,881 | €491,113 | ▼ 45.8% |
| Amounts payable after more than one year17 | €672,450 | €554,699 | €453,427 | €350,829 | €279,819 | ▼ 20.2% |
| Financial debts170/4 | €672,450 | €554,699 | €453,427 | €350,829 | €279,819 | ▼ 20.2% |
| Amounts payable within one year42/48 | €258,608 | €498,623 | €492,928 | €532,408 | €211,294 | ▼ 60.3% |
| Current portion of amounts payable after more than one year42 | €141,610 | €117,750 | €101,272 | €102,598 | €71,010 | ▼ 30.8% |
| Trade debts44 | €16,582 | €10,968 | €11,442 | €21,441 | €5,193 | ▼ 75.8% |
| Suppliers440/4 | €16,582 | €10,968 | €11,442 | €21,441 | €5,193 | ▼ 75.8% |
| Taxes, remuneration and social security45 | €8,893 | €5,754 | €24,120 | €4,130 | €135,090 | ▲ 3,171% |
| Taxes450/3 | €8,893 | €5,754 | €24,120 | €4,130 | €135,090 | ▲ 3,171% |
| Other amounts payable47/48 | €91,524 | €364,151 | €356,094 | €404,239 | - | - |
| Accrued charges and deferred income492/3 | - | - | €1,296 | €23,644 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68,885 | €64,741 | €68,472 | €83,896 | €692,863 | ▲ 726% |
| + Depreciation and write-downs630 | €70,063 | €50,035 | €48,493 | €48,666 | €25,504 | ▼ 47.6% |
| Operating cash flow (approximation) | €138,949 | €114,776 | €116,965 | €132,562 | €718,367 | ▲ 442% |
| Investment in fixed assets (approximation) | - | -€1,388 | €0 | -€4,889 | €793,898 | ▲ 16,339% |
| Change in cash | - | -€10,699 | -€18,936 | €119,182 | €179,774 | ▲ 50.8% |
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
15-09
State Gazette act
Registered-office move · Power of attorney2 facts ▸
State Gazette act
Registered-office move · Power of attorney
2 facts ▸
- Registered-office move, 2970 Schilde, Mastendreef 10
- Power of attorney, FIDUCIAIRE ANTWERPEN
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €692,863 ▲726%
Operating result €1.0m, net result €692,863, both a record.
30-09
Financial
Liquidity times 15current ratio 4.73
Current ratio from 0.31 to 4.73; short-term debt falls from €532,408 to €211,294.
30-09
Financial
Equity above €1mEq €1.0m ▲74.2%
8 profitable years in a row build equity to €1.0m.
25-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €500,000Eq €583,509 ▲16.8%
7 profitable years in a row build equity to €583,509.
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €29,110 ▼42.7%
Net result drops to €29,110, the lowest in the series; recovery starts the following year.
Show earlier events
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-04
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.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schilde · 1 establishment unit since 2008
Ground area
211 m²
Parcel 11922C0380/00M000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Mastendreef 10, 2970 Schilde
since 20082.174.680.315
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11922C0380/00M000 | Flanders | 211 m² | - | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 858 EUR awarded · 907 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 319 EUR | 319 EUR |
| 2024 | 1 | 167 EUR | 215 EUR |
| 2023 | 1 | 105 EUR | 197 EUR |
| 2022 | 1 | 267 EUR | 176 EUR |
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WPMI
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 12,642 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
Founded26-11-2008
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
46190Agents in non-specialised wholesale trade
64999Other financial services
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68202Real estate activities
68203Renting and operating of own or leased non-residential real estate, excluding land
70100Activities of head offices
70200Business and other management consultancy
82990Other business support services
Contact
E-mail
moorees.kris@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0808067210
Also
9925:BE0808067210
Registered
08-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.