Elastoflex 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 €108k and a net result of €10k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 8% of 5498 sector peers (fiscal year 2025). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 5498 sector peers (2025).
NBB · sector comparisonPosition among 5498 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
31 d early
2023
16 d early
2022
45 d early
2021
34 d early
2020
39 d early
2019
18 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€108k▲ 10.1%
2024 · €98k
2018: €106k
2019: €103k
2020: €102k
2021: €108k
2022: €94k
2023: €108k
2024: €98k
2018 → 2025
Net result
€10k
2024 · €-10k
2018: €11k
2019: €-2k
2020: €-2k
2021: €6k
2022: €-14k
2023: €14k
2024: €-10k
2018 → 2025
Total assets
€2.56M▼ 4.6%
2024 · €2.68M
2018: €967k
2019: €989k
2020: €957k
2021: €3.00M
2022: €2.80M
2023: €2.85M
2024: €2.68M
2018 → 2025
Solvency
4.2%▲ 0.6pp
2024 · 3.7%
2018: 10.9%
2019: 10.4%
2020: 10.6%
2021: 3.6%
2022: 3.3%
2023: 3.8%
2024: 3.7%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€108k-€94k▼ 13.1%€108k▲ 15.0%€98k▼ 9.0%€108k▲ 10.1%
Operating result€23k-€19k▼ 19.8%€49k▲ 161%€19k▼ 61.6%€44k▲ 135%
Net result€6k-€-14k€14k€-10k€10k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 135% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.56M
Fixed assets
€2.38M▼ 5.7%
Current assets
€176k▲ 13.9%
Equity and liabilities €2.56M
Equity
€108k▲ 10.1%
Debt
€2.45M▼ 5.2%
The debt ratio falls from 96.3% to 95.8%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
4.2%▲
2024 · 3.7%
ROE
9.2%▲
2024 · -9.9%
ROA
0.4%▲
2024 · -0.4%
Debt
€2.45M▼
2024 · €2.58M
Debt ≤ 1 year
€760k▲
2024 · €752k
Debt > 1 year
€1.69M▼
2024 · €1.83M
Income taxes
€5k▲
2024 · €653
Staff costs
€343k=
2024 · €342k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.68M€2.56M▼
Fixed assets21/28€2.52M€2.38M▼
Intangible fixed assets21€8k€4k▼
Tangible fixed assets22/27€2.52M€2.38M▼
Land and buildings22€2.44M€2.32M▼
Plant, machinery and equipment23€79k€56k▼
Furniture and vehicles24€908€341▼
Financial fixed assets28€62€62=
Current assets29/58€155k€176k▲
Stocks and contracts in progress3€5k€3k▼
Stocks30/36€5k€3k▼
Amounts receivable within one year40/41€112k€111k▼
Trade receivables40€101k€103k▲
Other amounts receivable41€11k€8k▼
Cash at bank and in hand54/58€17k€57k▲
Deferred charges and accrued income490/1€21k€5k▼
Equity and liabilities
Total equity and liabilities10/49€2.68M€2.56M▼
Equity10/15€98k€108k▲
Contributions10/11€19k€19k=
Reserves13€80k€90k▲
Tax-exempt reserves132€90€90=
Distributable reserves133€80k€90k▲
Amounts payable17/49€2.58M€2.45M▼
Amounts payable after more than one year17€1.83M€1.69M▼
Financial debts170/4€1.83M€1.69M▼
Amounts payable within one year42/48€752k€760k▲
Current portion of amounts payable after more than one year42€167k€159k▼
Financial debts43€100k€100k=
Credit institutions430/8€100k€100k=
Trade debts44€49k€66k▲
Suppliers440/4€49k€66k▲
Taxes, remuneration and social security45€29k€45k▲
Taxes450/3-€3k
Remuneration and social security454/9€29k€42k▲
Other amounts payable47/48€406k€389k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€579€0▼
Remuneration, social security and pensions62€342k€343k=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€151k€149k▼
Other operating charges640/8€23k€56k▲
Gross operating margin9900€535k€591k▲
Operating profit (loss)9901€19k€44k▲
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€29k€31k▲
Recurring financial charges65€29k€31k▲
Profit (loss) for the period before taxes9903€-9k€15k▲
Income taxes67/77€653€5k▲
Profit (loss) for the period9904€-10k€10k▲
Profit (loss) for the period to be appropriated9905€-10k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€10k▲
Transfer from equity791/2€10k€0▼
Transfer to equity691/2€0€10k▲
To other reserves6921€0€10k▲
Social balance
Average headcount (FTE)90874.64.4▼
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
31-12
Financial
Equity above €100kEq €108k ▲10.1%
Equity rises from €98k to €108k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
31-12
Financial
Equity above €100kEq €108k ▲15%
Equity rises from €94k to €108k.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-14k ▼330%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hasselt · 2 establishment units since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kuringersteenweg 5253511 HasseltGround area
1,001 m²
Building footprint
650 m²
Volume, LiDAR
3,242 m³
2 parcels, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
ELASTOFLEX BVBA
since 19922.057.409.986
Stoemp Deluxe
since 20212.315.150.171
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71483D0007/00A006 | Flanders | 514 m² | 1 · 204 m² | 9.2 m · 1 fl. |
| 71028B0578/00B002 | Flanders | 487 m² | 1 · 446 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 21,617 EUR awarded · 16,599 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 0 EUR |
| 2024 | 2 | 3,870 EUR | 9,270 EUR |
| 2023 | 3 | 13,800 EUR | 4,134 EUR |
| 2022 | 2 | 3,947 EUR | 3,195 EUR |
Schemes
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Aanwervingsincentive voor langdurig werkzoekenden (AWI) - Stopgezet
Recognitions · licences · registrations
Food safety, FASFC
1 siteHasselt2.315.150.171
Dual-learning approval
3 endedSimilar companies · same sector, comparable size
Gemoedelijk
BE 1007.658.863
Bilzen-Hoeselt · Eq €108k
DEJACO
BE 0762.531.846
Deinze · Eq €108k
TECHNORAMA INVEST
BE 0480.255.908
Herstal · Eq €108k
Special Renting Management
BE 0770.955.406
Zele · Eq €108k
Rialto Holding
BE 0675.544.028
Antwerpen · Eq €108k
Of 24,726 companies in sector 64210 we hold annual accounts for 19,748. 12,494 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-04-1992
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:julie@elastoflex.be
Phone:0478300315