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ELASTO PROXY EUROPE

Active
Private limited companyfounded 20178 years activeHeimolenstraat 127A, 9100 Sint-Niklaas, BelgiumKBO/BCE: BE 0686.735.254
Summary

The computed 12-month bankruptcy probability of ELASTO PROXY EUROPE is 6.0% (elevated). The 2025 annual accounts show negative equity (-€974,345) and a net result of -€66,329. Equity is shrinking by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 9,663 sector peers (NACE 46, fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Wholesale trade
NACE 46869Manufacture of rubber and plastic products NACE 22120
1 site
Size
€382,672total assets 2025
Staff
1.7 FTE
Equity
-€974,345
Loss
-€66,329
Turnover not published (abridged schema)
Financial health
33 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
6.0%
Structure
Parent
MBX Holdings Inc. / Gestions MBX Inc.
Accounts 38 days overdue1 of 3 deeds read
Why 33- 1 financial year not filed after the legal deadline; latest accounts 43 days late; 2 of the last 3 late- Loss of €66,329, the second in a row (FY 2025)- Negative equity -€974,345- Founded in 2017Show the evidence

Checked score

Score 2025
33 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 12% of its sector peers (NACE 46, micro)
Financial strength · tick = 2024
Weak
Solvency 0=
equity -254.6% of total assets
Liquidity 5-17
short-term debt 97.5% · cash 4.4%
Profitability 0-5
return on assets -17.3%
Bankruptcy probability, 12 months
6.0% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,860 companies)
Last 24 months 11-2024: 3.0% 12-2024: 3.0%● unchanged vs 11-2024 01-2025: 3.0%● unchanged vs 12-2024 02-2025: 3.0%● unchanged vs 01-2025 03-2025: 3.0%● unchanged vs 02-2025 04-2025: 2.9%▼ -0.1 percentage points vs 03-2025 05-2025: 2.9%● unchanged vs 04-2025 06-2025: 3.0%▲ +0.1 percentage points vs 05-2025 07-2025: 2.9%▼ -0.1 percentage points vs 06-2025lowest value 08-2025: 3.0%▲ +0.1 percentage points vs 07-2025 09-2025: 3.4%▲ +0.4 percentage points vs 08-2025 10-2025: 3.8%▲ +0.4 percentage points vs 09-2025 11-2025: 5.1%▲ +1.3 percentage points vs 10-2025 12-2025: 5.1%● unchanged vs 11-2025 01-2026: 5.2%▲ +0.1 percentage points vs 12-2025 02-2026: 5.6%▲ +0.4 percentage points vs 01-2026 03-2026: 5.6%● unchanged vs 02-2026 04-2026: 5.4%▼ -0.2 percentage points vs 03-2026 05-2026: 5.5%▲ +0.1 percentage points vs 04-2026 06-2026: 5.6%▲ +0.1 percentage points vs 05-2026 07-2026: 5.3%▼ -0.3 percentage points vs 06-2026 08-2026: 5.4%▲ +0.1 percentage points vs 07-2026 09-2026: 5.9%▲ +0.5 percentage points vs 08-2026 10-2026: 6.0%▲ +0.1 percentage points vs 09-2026highest value
No credit on open account
Liquidity short (current ratio 0.9 against 0.95 in 2024; short-term debt: 97.5% and cash: 4.4% of total assets), and equity is negative.
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 46, micro): better than 6% on solvency, 8% on liquidity, 6% on profitability and 28% on growth.

The bankruptcy probability was computed on 07-10-2026 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

Six signals.
+raises risk○neutral
raises risk · 1 financial year not filed after the legal deadline; latest accounts 43 days late; 2 of the last 3 late
NBB · filings
raises risk · Loss of €66,329, the second in a row (FY 2025)
NBB · annual accounts
raises risk · Negative equity -€974,345
NBB · annual accounts
raises risk · Founded in 2017
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€974,345
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 13-10-2025, 43 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filings
Deviation from the deadline
2026
not confirmed
2025
43 days late
2024
1 day early
2023
36 days late
2022
35 days early
2021
27 days early
2020
40 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Statutes amendment · Legal-form change ·…Capital conversion
  2. Annual accounts filedfiscal year 2025 · abbreviated…
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€974,345 View
  • Risk: 7 loss-making years in a rowloss fiscal year 2025 -€66,329 View
  • Caution: Among the weakest 5% on solvencysector median 43.5% · 9,663 companies -254.6% View
  • Caution: Accounts not fileddeadline was 31-08-2026 38 days late View
  • Controlled by MBX Holdings Inc. /… parent View

By topic

Financials

Fiscal year
2025
Total assets
€382,672
Loss
-€66,329
Solvency
-254.6%
Total assets▼ 22.5%
Net result
20192025
Go to Financials

Timeline

Events
9
Since
2019
  1. 06-10-2023Annual accounts filed
  2. 27-07-2022Annual accounts filed
  3. 04-08-2021Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Wholesale tradeNACE 46869
Founded
21-12-2017
Year ends
31-01
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
17
Purpose
De productie en de distributie van producten van afdichtingen in rubber; De vennootschap…
Go to Articles of association

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