Turnover
The micro format states no turnover.
The micro format states no turnover.
Of this, €39,131 falls due within a year.
The last four annual accounts were filed 25 to 107 days before the end of the period.
Lower net result than 86% of companies in head offices and management consultancy. Sector median €27,138 · 39,380 companies.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 70, micro). It does better than 24% of them on solvency, 7% on liquidity, 11% on profitability and 18% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,548 companies had the same profile as ELASTIK LAB has now. Each dot stands for 4 companies, two years later.
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ELASTIK LAB itself is lower: 0.8% within 12 months. It rests on far more data about ELASTIK LAB than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,548 companies, not a prediction for ELASTIK LAB. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.2 (1.26 in 2024), below the usual 1.5. Short-term debt is 72% and cash 3.6% of total assets. 79.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 54 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ELASTIK LAB Liège | €54,324 | €3,100 | 20.1% | - |
| Hugues Binet Management Projects & Partner Thimister-Clermont | €54,045 | €2,711 | 79.0% | - |
| MCC FINCONSULT Wasseiges | €54,402 | €3,045 | -121.6% | - |
| DESIGN ENTREPRISE INNOVATION Rebecq | €63,078 | €3,030 | 30.1% | - |
| BATCHA Brussels | €61,827 | €2,819 | 14.3% | - |
| TS Agency Wavre | €63,947 | €3,370 | 38.0% | - |
| DATKAN BE Zoersel | €57,459 | €3,822 | -27.3% | - |
These companies have the same main activity as ELASTIK LAB: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €54,000 and €63,900, founded in 2021.
ELASTIK LAB files the micro format. That format states no turnover. The gross margin fell from €13,742 in 2022 to €3,100 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €14,000. Estimated: probably between €6,700 and €29,000.
Higher than 23% of 39,364 companies in 2025.
Higher than 32% of 38,048 companies in 2025.
Higher than 10% of 38,520 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
54,324 | 52,310 | 36,104 | 26,497 | |
20 |
161 | 394 | 627 | 860 | |
21/28 |
7,071 | 5,692 | 3,710 | 1,989 | |
22/27 |
3,860 | 2,837 | 3,710 | 1,989 | |
24 |
3,860 | 2,837 | 3,710 | 1,989 | |
28 |
3,211 | 2,854 | - | - | |
29/58 |
47,092 | 46,225 | 31,768 | 23,648 | |
40/41 |
38,810 | 36,526 | 28,206 | 6,061 | |
40 |
22,650 | 13,230 | 22,826 | 4,494 | |
41 |
16,159 | 23,296 | 5,380 | 1,566 | |
54/58 |
1,973 | - | 0 | 6,239 | |
490/1 |
6,309 | 9,699 | 3,562 | 11,349 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
54,324 | 52,310 | 36,104 | 26,497 | |
10/15 |
10,943 | 15,617 | 9,663 | 10,009 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | |
14 |
943 | 5,617 | -337 | 9 | |
17/49 |
43,381 | 36,693 | 26,441 | 16,488 | |
42/48 |
39,131 | 36,552 | 22,298 | 16,488 | |
43 |
- | 4,353 | 4,045 | - | |
430/8 |
- | 4,353 | 4,045 | - | |
44 |
22,199 | 24,602 | 8,600 | 6,088 | |
440/4 |
22,199 | 24,602 | 8,600 | 6,088 | |
45 |
16,931 | 7,597 | 9,653 | 5,466 | |
450/3 |
16,931 | 7,597 | 9,590 | 4,729 | |
454/9 |
- | - | 63 | 737 | |
47/48 |
- | - | 0 | 4,934 | |
492/3 |
4,250 | 141 | 4,144 | - | |
| Income statement | |||||
9900 |
3,100 | 16,627 | 5,016 | 13,742 | |
62 |
- | - | 302 | 11,640 | |
630 |
2,192 | 2,096 | 1,262 | 698 | |
640/8 |
714 | 361 | 824 | 348 | |
66A |
- | - | 389 | 23 | |
9901 |
195 | 14,170 | 2,238 | 1,033 | |
75/76B |
953 | 739 | 345 | 1 | |
75 |
953 | 739 | 345 | 1 | |
65/66B |
5,286 | 5,258 | 1,730 | 526 | |
65 |
5,286 | 5,258 | 1,730 | 526 | |
9903 |
-4,139 | 9,650 | 854 | 509 | |
67/77 |
535 | 3,696 | 1,200 | 500 | |
9904 |
-4,674 | 5,954 | -346 | 9 | |
9905 |
-4,674 | 5,954 | -346 | 9 | |
| Appropriation of the result | |||||
9906 |
943 | 5,617 | -337 | 9 | |
14P |
5,617 | -337 | 9 | - | |
| Social balance sheet | |||||
9087 |
- | - | - | 0.3 | |
Hours worked1013 |
- | - | - | 620 | |
| Document | |||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 06-07-2026.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 2,386 | 16,266 | 3,500 | 1,731 | ||
| -2,482 | 8,050 | 916 | 707 | ||
| 3,338 | 3,845 | 2,750 | 2,382 | ||
| - | - | -6,239 | - | ||
| 7,961 | 9,673 | 9,470 | 7,160 | ||
| 20.1% | 29.9% | 26.8% | 37.8% | ||
| 1.20 | 1.26 | 1.42 | 1.43 | ||
| 3.96 | 2.35 | 2.74 | 1.65 | ||
| -42.7% | 38.1% | -3.6% | 0.1% | ||
| -8.6% | 11.4% | -1.0% | 0.0% | ||
| 0.45 | 3.09 | 2.02 | 3.29 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2022 |
|---|---|
| 0.3 | |
| Joined | 2 |
| Left | 2 |
Source: social balance sheet in the 2022 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €2,981 | €991 | €2,750 | €2,382 |
| Financial fixed assets | €357 | €2,854 | - | - |
| €2,192 | €2,096 | €1,262 | €698 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
The operating result for 2025 is 99% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total rises from 70.1% to 79.9%. Equity is lower and debt is higher.
ELASTIK LAB has no parent and no holdings in its annual accounts. ELASTIK LAB shares no director with another company.
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Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 20 September 2021, ELASTIK LAB was incorporated as a private limited company by two natural persons, with a starting capital of €10,000.12 In 2025 the registered office moved to Liège.3 Of the 2 current board members, 2 have served since 2021.4 Total assets went from €26,497 in 2022 to €54,324 in 2025.5
| Establishment | Since | Unit number |
|---|---|---|
| Esplanade Simone VEIL 1 registered office 4000 Liège | 20-09-2021 | 2.322.155.947 |
| Koning Albert II-laan 4 1000 Brussels | 01-09-2025 | 2.383.482.020 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21813A0484/00G000 | Brussels | 9,776 m² | 1 · 3,052 m² | 61.6 m · 9 |
| 62814C0006/00G002 | Wallonia | 6,004 m² | - | - |
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