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ELASTA IND

Active
Public limited companyfounded 1989active for 37 yearsTextielstraat 15, 8790 Waregem, BelgiumKBO/BCE: BE 0436.742.894
Summary

ELASTA IND has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €262,578 and a net result of -€47,341. Equity is shrinking by about 9.4% per year across the filed financial years. Its solvency ranks better than 24% of 319 sector peers (NACE 20, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Activity
Manufacture of chemicals and chemical products
NACE 20600Manufacture of textiles NACE 13960
1 site
Size
€900,363total assets 2025
Staff
8.7 FTE
Equity
€262,578
Loss
-€47,341
Financial health
69 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
Accounts filed 5 days late0 of 6 deeds read
Why 69raises riskSize: 8.7 FTE, total assets €900,363Loss of €47,341, the second in a row (financial year 2025)Liquidity: current ratio 1.05, cash €64,308lowers riskFounded in 1989Show the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 30% of its sector peers (NACE 20, micro)
Financial strength · tick = 2024
Weak
Solvency 54-3
equity 29.2% of total assets
Liquidity 21+4
short-term debt 70.1% · cash 7.1%
Profitability 12-18
return on assets -5.3%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (355 companies, NACE 20, micro)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024lowest value 02-2025: 0.3%● unchanged vs 01-2025lowest value 03-2025: 0.3%● unchanged vs 02-2025lowest value 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025 08-2025: 0.7%▲ +0.3 percentage points vs 07-2025 09-2025: 0.9%▲ +0.2 percentage points vs 08-2025 10-2025: 0.9%● unchanged vs 09-2025 11-2025: 0.9%● unchanged vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.8%▼ -0.1 percentage points vs 02-2026 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026 06-2026: 0.9%▲ +0.1 percentage points vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 1.5%▲ +0.6 percentage points vs 07-2026highest value 09-2026: 0.6%▼ -0.9 percentage points vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026
Credit of up to €18,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.05, compared with 1.05 in 2024; short-term debt: 70.1% and cash: 7.1% of total assets), and 70.8% 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 (NACE 20, micro): better than 44% on solvency, 20% on liquidity, 29% on profitability and 27% on growth.

The bankruptcy probability was computed on 08-10-2026 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

Seven signals.
−lowers risk+raises risk○neutral
lowers risk · Founded in 1989
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Size: 8.7 FTE, total assets €900,363
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €47,341, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.05, cash €64,308
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€47,341
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 319 sector peers (2025).
NBB · sector comparison
Position among 319 sector peers
Solvency
better than 24%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
5 days late
2024
27 days late
2023
28 days late
2022
31 days late
2021
2 days late
2020
17 days early
2019
31 days late
← 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 15 days after the deadline; the sector median (NACE 20) for financial year 2024 is 22 days before the deadline, and 27% 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 27 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Annual accounts filedfinancial year 2023 · abbreviated…

Key points

  • Risk: 4 loss-making years in a rowloss financial year 2025 -€47,341 View
  • Caution: Among the weakest 11% on equitysector median €7.2m · 318 companies €262,578 View
  • Active since 1989founded 10-02-1989 37 years View

By topic

Financials

Financial year
2025
Total assets
€900,363
Loss
-€47,341
Solvency
29.2%
Total assets▼ 7.1%
Net result
20182025
Go to Financials

Timeline

Events
38
Since
1991
Next accounts
by 31-07-2027
  1. 31-08-2023Annual accounts filed
  2. 31-12-2022Weakest financial year
  3. 02-08-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of chemicals and chemical productsNACE 20600
Founded
10-02-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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