Turnover
≈ €43,000 estimated
The accounts state no turnover.
Elar
Lifetime
3 annual accounts with figures on one time axispeak €73,012 (2023)
€3,982▼ 89.6%
lowest -€7,276 (2025)
-€7,276▼ €24,563
peak €26,570 (2023)
€13,079▼ 35.7%
€17,940▼ 60.5%
Board9 names since 2018
2 directorsAkkiran Yusuf and 1 other
Documentsfilings and deeds
22-06-202639 days before the deadline
2025abbreviated format
Gross margin from €38,247 to €3,982Loss of €7,276Resignation: Çetinkaya Murat (director) 05-03Equity from €20,356 to €13,079Debts from €45,449 to €17,940Cash from €13,485 to €7,292
Key points
from the 2025 annual accountsFilings
3 annual accounts since 2023
The last three annual accounts were filed 36 to 39 days before the end of the period.
Checked score
63
Healthy
Financially stronger than 38% of micro companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%
01-2025: 1.2%● unchanged vs 12-2024
02-2025: 1.2%● unchanged vs 01-2025
03-2025: 1.0%▼ -0.2 percentage points vs 02-2025lowest value
04-2025: 1.2%▲ +0.2 percentage points vs 03-2025
05-2025: 1.2%● unchanged vs 04-2025
06-2025: 1.2%● unchanged vs 05-2025
07-2025: 1.6%▲ +0.4 percentage points vs 06-2025
08-2025: 1.6%● unchanged vs 07-2025
09-2025: 1.6%● unchanged vs 08-2025
10-2025: 1.6%● unchanged vs 09-2025
11-2025: 1.6%● unchanged vs 10-2025
12-2025: 1.6%● unchanged vs 11-2025
01-2026: 1.6%● unchanged vs 12-2025
02-2026: 1.6%● unchanged vs 01-2026
03-2026: 1.6%● unchanged vs 02-2026
04-2026: 1.7%▲ +0.1 percentage points vs 03-2026
05-2026: 1.8%▲ +0.1 percentage points vs 04-2026highest value
06-2026: 1.7%▼ -0.1 percentage points vs 05-2026
07-2026: 1.6%▼ -0.1 percentage points vs 06-2026
08-2026: 1.4%▼ -0.2 percentage points vs 07-2026
09-2026: 1.4%● unchanged vs 08-2026
10-2026: 1.4%● unchanged vs 09-2026
11-2026: 1.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Size: total assets €31,019
Founded in 2018
lowers risk
Liquidity: current ratio 0.75, cash €7,292
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 61% of them on solvency, 46% on liquidity, 25% on profitability and 18% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,591 companies had the same profile as Elar has now. Each dot stands for 9 companies, two years later.
87.3%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Elar itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,591 companies, not a prediction for Elar. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.75 (0.94 in 2024), below 1. Short-term debt is 57.8% and cash 23.5% of total assets. 57.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 22-06-2026, 39 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
39 days early
2024
38 days early
2023
36 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 38 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 June (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0715535049
Resignation: Çetinkaya Murat (director)
General meeting of 06-02-2025 · Gazette deed
Appointment: Panev Evgeniy (director)
General meeting of 24-09-2024 · Gazette deed
Appointments: Akkiran Yusuf (director) and Çetinkaya Murat (director)
General meeting of 26-10-2023 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as Elar: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €28,000 and €38,300, founded between 2016 and 2020.
Official details
Source: KBO- Status
- Active since 06-12-2018Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Establishment unit
- 2.282.561.4383940 Hechtel-Eksel, since 06-12-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 04-11-2025
Annual accounts 2025
- €31,019▼ 52.9%
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on Elar
Elar files the abbreviated format. That format states no turnover. The gross margin fell from €73,012 in 2023 to €3,982 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Elar
- What is the company number of Elar?
- The company number of Elar is 0715.535.049. The VAT number is the same number with BE in front: BE 0715.535.049.
- Where is Elar based?
- The registered office is at Kamperbaan 49, 3940 Hechtel-Eksel.Company details
- What does Elar do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of Elar?
- Elar is a private limited company (BV).
- When was Elar founded?
- Elar was founded on 06-12-2018.
- Is Elar still active?
- Yes, Elar is an active enterprise in the KBO register.
- How many employees does Elar have?
- Elar had an average of 2 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of Elar?
- The turnover in financial year 2025 is ≈ €43,000. This figure is estimated from the gross margin of €3,982 and 36 comparable companies (NACE 56112). It probably lies between €25,000 and €80,000. It is a rough estimate.
- Is Elar profitable?
- In financial year 2025, Elar made a loss of €7,276.
- Where can I find the annual accounts of Elar?
- Elar filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Elar due?
- Elar must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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