ELARMEC
ActiveSummary
ELARMEC has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €234,742. Equity is growing by ~7.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+4
Solvency100▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 5.11 against 2.23 in 2024; short-term debt: 11.7% and cash: 26.9% of total assets), and 17% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
83%
Return on assets
13.6%
Age of the figures
9 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
59 d late
2023
60 d late
2022
on the day
2021
78 d late
2020
4 d late
2019
88 d late
← 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€234,742▲ 30.1%
2024 · €180,380
Working capital
€833,150▲ 59.5%
2024 · €522,214
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€235,512▼ 63.7%€276,927▲ 17.6%€728,288▲ 163%€225,572▼ 69.0%€327,184▲ 45.0%
Net result€167,584▼ 63.6%€193,202▲ 15.3%€554,713▲ 187%€180,380▼ 67.5%€234,742▲ 30.1%
Equity€1.4m▲ 13.3%€1.5m▲ 3.0%€1.0m▼ 30.3%€1.2m▲ 17.6%€1.4m▲ 19.5%
Total assets€1.8m▲ 1.0%€2.0m▲ 14.4%€2.4m▲ 20.0%€1.7m▼ 30.4%€1.7m▲ 2.9%
Debt€335,049▼ 30.9%€546,027▲ 63.0%€1.4m▲ 155%€479,565▼ 65.6%€293,934▼ 38.7%
Working capital-€171,434▲ 63.0%-€542,582▼ 216%€246,939€522,214▲ 111%€833,150▲ 59.5%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 45% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€695,428 ▼ 5.4%
Current assets
€1.0m ▲ 9.4%
Equity and liabilities €1.7m
Equity
€1.4m ▲ 19.5%
Debt
€293,934 ▼ 38.7%
Debt's share of the balance-sheet total falls from 28.5% to 17.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€367,184▲
2024 · €265,572
Cash flow
€274,742▲
2024 · €220,380
Current ratio
5.11▲
2024 · 2.23
Debt to equity
0.20▼
2024 · 0.40
ROE
16.3%▲
2024 · 15.0%
ROA
13.6%▲
2024 · 10.7%
Interest coverage
113.82▼
2024 · 286.46
Debt ≤ 1 year
€202,846▼
2024 · €424,671
Income taxes
€89,216▲
2024 · €44,264
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,354 | €65,354 | €20,000 | €40,000 | €40,000 | = |
| Other operating charges640/8 | €27,746 | €27,456 | €23,775 | €32,708 | €25,729 | ▼ 21.3% |
| Gross operating margin9900 | €308,613 | €369,738 | €772,063 | €298,280 | €392,913 | ▲ 31.7% |
| Operating profit (loss)9901 | €235,512 | €276,927 | €728,288 | €225,572 | €327,184 | ▲ 45.0% |
| Financial charges65/66B | €7,108 | €1,423 | €1,083 | €927 | €3,226 | ▲ 248% |
| Recurring financial charges65 | €7,108 | €1,423 | €1,083 | €927 | €3,226 | ▲ 248% |
| Profit (loss) for the period before taxes9903 | €228,404 | €275,504 | €727,205 | €224,645 | €323,958 | ▲ 44.2% |
| Income taxes67/77 | €60,820 | €82,302 | €172,492 | €44,264 | €89,216 | ▲ 102% |
| Profit (loss) for the period9904 | €167,584 | €193,202 | €554,713 | €180,380 | €234,742 | ▲ 30.1% |
| Profit (loss) for the period to be appropriated9905 | €167,584 | €193,202 | €554,713 | €180,380 | €234,742 | ▲ 30.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €2.0m | €2.4m | €1.7m | €1.7m | ▲ 2.9% |
| Fixed assets21/28 | €1.7m | €2.0m | €775,428 | €735,428 | €695,428 | ▼ 5.4% |
| Tangible fixed assets22/27 | €1.7m | €2.0m | €775,428 | €735,428 | €695,428 | ▼ 5.4% |
| Land and buildings22 | €1.7m | €2.0m | €775,428 | €735,428 | €695,428 | ▼ 5.4% |
| Current assets29/58 | €81,807 | €1,343 | €1.6m | €946,884 | €1.0m | ▲ 9.4% |
| Amounts receivable within one year40/41 | - | - | €1.3m | €891,893 | €569,648 | ▼ 36.1% |
| Other amounts receivable41 | - | - | €1.3m | €891,893 | €569,648 | ▼ 36.1% |
| Cash at bank and in hand54/58 | €81,807 | €1,343 | €291,552 | €54,992 | €466,347 | ▲ 748% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €2.0m | €2.4m | €1.7m | €1.7m | ▲ 2.9% |
| Equity10/15 | €1.4m | €1.5m | €1.0m | €1.2m | €1.4m | ▲ 19.5% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €1.4m | €1.4m | €954,167 | €1.1m | €1.4m | ▲ 20.7% |
| Amounts payable17/49 | €335,049 | €546,027 | €1.4m | €479,565 | €293,934 | ▼ 38.7% |
| Amounts payable after more than one year17 | €2,103 | €2,103 | - | - | - | - |
| Other amounts payable178/9 | €2,103 | €2,103 | - | - | - | - |
| Amounts payable within one year42/48 | €253,242 | €543,925 | €1.4m | €424,671 | €202,846 | ▼ 52.2% |
| Current portion of amounts payable after more than one year42 | - | €60,000 | - | - | - | - |
| Trade debts44 | €81,464 | €307,500 | €199,239 | €102,603 | €770 | ▼ 99.2% |
| Suppliers440/4 | €81,464 | €307,500 | €199,239 | €102,603 | €770 | ▼ 99.2% |
| Taxes, remuneration and social security45 | €60,955 | €83,257 | €194,073 | €254,200 | €149,751 | ▼ 41.1% |
| Taxes450/3 | €60,955 | €83,257 | €194,073 | €254,200 | €149,751 | ▼ 41.1% |
| Other amounts payable47/48 | €110,822 | €93,167 | €1.0m | €67,867 | €52,324 | ▼ 22.9% |
| Accrued charges and deferred income492/3 | €79,704 | - | - | €54,894 | €91,088 | ▲ 65.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €167,584 | €193,202 | €554,713 | €180,380 | €234,742 | ▲ 30.1% |
| + Depreciation and write-downs630 | €45,354 | €65,354 | €20,000 | €40,000 | €40,000 | = |
| Operating cash flow (approximation) | €212,939 | €258,557 | €574,713 | €220,380 | €274,742 | ▲ 24.7% |
| Investment in fixed assets (approximation) | - | -€400,000 | €1.2m | €0 | €0 | - |
| Change in cash | - | -€80,465 | €290,209 | -€236,560 | €411,356 | ▲ 274% |
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
28-07
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 29/05/2026
- Registered-office move, Avenue Louise, 143/4, B-1050 Ixelles
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity doublescurrent ratio 5.11
Current ratio from 2.23 to 5.11; short-term debt falls from €424,671 to €202,846.
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 59 days late
2024
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 60 days late
2023
31-12
Financial
Highest result since 2018net €554,713 ▲187%
Operating result €728,288, net result €554,713, both a record.
31-12
Financial
Liquidity times 477current ratio 1.18
Current ratio from 0.00 to 1.18.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 78 days late
2021
31-12
Financial
Weakest financial yearnet €167,584 ▼63.6%
Net result drops to €167,584, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 4 days late
2020
31-12
Financial
Equity above €1mEq €1.3m ▲57.7%
3 profitable years in a row build equity to €1.3m.
Show earlier events
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 88 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 9 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 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, Elsene · 1 establishment unit since 1977
Ground area
6,758 m²
Building footprint
4,505 m²
Volume, LiDAR
51,621 m³
2 parcels, Brussels, Flanders · tallest building 32.0 m, ±3 floors. Linked by address, not a title deed.
227
companies at this address
See who is registered here
1 establishment unit
Leuvensesteenweg 641, 1930 Zaventem
since 19772.014.292.201
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23057B0007/00P002 | Flanders | 4,851 m² | 1 · 2,716 m² | 15.4 m · 3 fl. |
| 21807G0089/00A007 | Brussels | 1,907 m² | 1 · 1,788 m² | 32.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded14-12-1977
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.