Summary
ELAS 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 €100,544 and a net result of €11,078. Equity is shrinking by about 14% per year across the filed financial years. Its solvency ranks better than 22% of 6,648 sector peers (NACE 64, financial year 2025). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.
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