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ELAR HOLDING

Active
Private limited companyfounded 20232 years activeOttergemsesteenweg 417, 9000 Gent, BelgiumKBO/BCE: BE 1001.034.060
Summary

The computed 12-month bankruptcy probability of ELAR HOLDING is 2.7% (moderate). The 2024 annual accounts show equity of €43.9m and a net result of €6.3m. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Activity not known
Size
€81.5mtotal assets 2024
Equity
€43.9m
Profit
€6.3m
Turnover not published (abridged schema)
Financial health
52 Fair Checked score 2024
Bankruptcy probability, 12 months
2.7%
Structure
Holdings
1
Accounts filed 130 days late0 of 2 deeds read
Why 52- 1 financial year not filed after the legal deadline; latest accounts 130 days late; 1 of the last 3 late- Figures for FY 2024 (filed 11-12-2025)- Liquidity: current ratio 209.41, cash €176,143+ Size: total assets €81.5mShow the evidence

Checked score

Score 2024
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 55% of its sector peers (no NACE code, large)
Financial strength
Strong
Solvency 79
equity 53.8% of total assets
Liquidity 50
short-term debt 0.0% · cash 0.2%
Profitability 57
return on assets 7.7%
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 4.0% 12-2024: 4.1%▲ +0.1 percentage points vs 11-2024 01-2025: 4.2%▲ +0.1 percentage points vs 12-2024 02-2025: 5.1%▲ +0.9 percentage points vs 01-2025 03-2025: 5.1%● unchanged vs 02-2025 04-2025: 5.6%▲ +0.5 percentage points vs 03-2025 05-2025: 5.9%▲ +0.3 percentage points vs 04-2025 06-2025: 5.9%● unchanged vs 05-2025 07-2025: 5.8%▼ -0.1 percentage points vs 06-2025 08-2025: 5.8%● unchanged vs 07-2025 09-2025: 6.4%▲ +0.6 percentage points vs 08-2025 10-2025: 6.4%● unchanged vs 09-2025 11-2025: 7.5%▲ +1.1 percentage points vs 10-2025highest value 12-2025: 7.5%● unchanged vs 11-2025highest value 01-2026: 1.2%▼ -6.3 percentage points vs 12-2025 02-2026: 1.2%● unchanged vs 01-2026 03-2026: 1.2%● unchanged vs 02-2026 04-2026: 1.1%▼ -0.1 percentage points vs 03-2026lowest value 05-2026: 1.2%▲ +0.1 percentage points vs 04-2026 06-2026: 1.2%● unchanged vs 05-2026 07-2026: 1.2%● unchanged vs 06-2026 08-2026: 1.6%▲ +0.4 percentage points vs 07-2026 09-2026: 1.8%▲ +0.2 percentage points vs 08-2026 10-2026: 2.7%▲ +0.9 percentage points vs 09-2026
Credit up to €2,250,000 at 30 days only on tighter terms
short-term debt: 0% and cash: 0.2% of total assets, and 46.2% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, large): better than 24% on solvency, 57% on liquidity and 85% on profitability.

The bankruptcy probability was computed on 06-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk
lowers risk · Size: total assets €81.5m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 130 days late; 1 of the last 3 late
NBB · filings
raises risk · Figures for FY 2024 (filed 11-12-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 209.41, cash €176,143
NBB · annual accounts
raises risk · Young company
Founded in 2023, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-12-2025, 130 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 1 filing
Deviation from the deadline
2024
130 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2024 accounts 130 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Caution: Latest accounts filed lateafter the legal deadline 130 days View
  • Total assets 2024first fiscal year filed €81.5m View
  • Active since 2023founded 11-10-2023 2 years View

By topic

Financials

Fiscal year
2024
Total assets
€81.5m
Profit
€6.3m
Solvency
53.8%
Go to Financials

Company details

Legal form
Private limited company
Founded
11-10-2023
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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