Summary
ELASTIK has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2021 annual accounts show equity of €1,874 and a net result of -€9,105. Its solvency ranks better than 31% of 1,758 sector peers (NACE 85, financial year 2021). The computed 12-month bankruptcy probability is below 0.1% (very low).
Financials · financial year 2021, micro format
Equity
€1,874
Total assets
€9,405
Net result
-€9,105
Working capital
-€2,092
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
Assets €9,405
Fixed assets
€3,966
Current assets
€5,439
Equity and liabilities €9,405
Equity
€1,874
Debt
€7,531
Debt finances 80.1% of the balance-sheet total.
Key figures and ratios
EBITDA
-€8,348
Cash flow
-€8,384
Current ratio
0.72
Debt to equity
4.02
ROE
-485.8%
ROA
-96.8%
Interest coverage
-227.15
Debt ≤ 1 year
€7,531
Staff costs
€34,184
Annual accounts
| Line | 2021 |
|---|---|
| Remuneration, social security and pensions62 | €34,184 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €721 |
| Gross operating margin9900 | €25,837 |
| Operating profit (loss)9901 | -€9,069 |
| Financial charges65/66B | €37 |
| Recurring financial charges65 | €37 |
| Profit (loss) for the period before taxes9903 | -€9,105 |
| Profit (loss) for the period9904 | -€9,105 |
| Profit (loss) for the period to be appropriated9905 | -€9,105 |
| Line | 2021 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €9,405 | |
| Fixed assets21/28 | €3,966 | |
| Tangible fixed assets22/27 | €3,966 | |
| Plant, machinery and equipment23 | €3,677 | |
| Other tangible fixed assets26 | €289 | |
| Current assets29/58 | €5,439 | |
| Amounts receivable within one year40/41 | €820 | |
| Trade receivables40 | €820 | |
| Cash at bank and in hand54/58 | €4,619 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €9,405 | |
| Equity10/15 | €1,874 | |
| Profit (loss) carried forward14 | €1,874 | |
| Amounts payable17/49 | €7,531 | |
| Amounts payable within one year42/48 | €7,531 | |
| Line | 2021 |
|---|---|
| Profit (loss) for the period9904 | -€9,105 |
| + Depreciation and write-downs630 | €721 |
| Operating cash flow (approximation) | -€8,384 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | micro format | 28-07-2022 | 2022-20256883 |
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Of the 11,653 active companies whose main activity is other education (NACE 85599), figures are known for 1,340. 337 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.