ELAZ
ActiveSummary
The computed 12-month bankruptcy probability of ELAZ is 1.9% (moderate). The 2025 annual accounts show equity of €1,581 and a net result of €48,006. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 17% of 4695 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency28▲+28
Growth85▲+7
Track record84
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3%
Return on assets
92%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 4695 sector peers (2025).
NBB · sector comparisonPosition among 4695 sector peers
Solvency
better than 17%
← 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 21-08-2026, 21 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 · 10 filingsDeviation from the deadline
2025
21 d late
2024
118 d late
2023
31 d late
2022
329 d late
2021
694 d late
2020
114 d late
2019
327 d 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 233 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struck×2
Checked, nothing found (1)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€142,403▲ 6,047%
2024 · €2,317
EBIT margin
33.8%▲ 366.4pp
2024 · -332.5%
Net result
€48,006
2024 · -€7,761
Working capital
-€11,805▲ 54.9%
2024 · -€26,176
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€2,317€142,403▲ 6,047%
Operating result€4,801€3,027▼ 36.9%€6,246▲ 106%-€7,704€48,178
Net result€4,752within the sector's middle half€2,970within the sector's middle half▼ 37.5%€6,188within the sector's middle half▲ 108%-€7,761below the sector's middle half€48,006above the sector's middle half
EBIT margin-332.5%33.8%▲ 366.4pp
Equity-€27,365below the sector's middle half▲ 14.8%-€24,395below the sector's middle half▲ 10.9%-€18,207below the sector's middle half▲ 25.4%-€25,968below the sector's middle half▼ 42.6%€1,581below the sector's middle half
Total assets€14,875below the sector's middle half▼ 40.8%€7,402below the sector's middle half▼ 50.2%€1,693below the sector's middle half▼ 77.1%€2,155below the sector's middle half▲ 27.3%€52,174within the sector's middle half▲ 2,321%
Debt€42,240▼ 26.2%€31,797▼ 24.7%€19,900▼ 37.4%€28,123▲ 41.3%€50,594▲ 79.9%
Working capital-€27,573▲ 27.7%-€24,603▲ 10.8%-€18,415▲ 25.2%-€26,176▼ 42.1%-€11,805▲ 54.9%
Solvency-184.0%below the sector's middle half▼ 56.2pp-329.6%below the sector's middle half▼ 145.6pp3.0%below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €48,178 after a loss of €7,704 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €52,174
Fixed assets
€13,385 ▲ 6,328%
Current assets
€38,789 ▲ 1,892%
Equity and liabilities €52,174
Equity
€1,581
Debt
€50,594
Debt finances 97.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€51,376
Cash flow
€51,203
Current ratio
0.77
Debt to equity
32.01
ROA
92.0%
Interest coverage
346.67
Debt ≤ 1 year
€50,594▲
2024 · €28,123
Income taxes
€24
Staff costs
€30,096▲
2024 · €3,505
A ratio outside any meaningful range has been withheld (balance sheet total €52,174, equity €1,581).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 926 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 926 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €2,317 | €142,403 | ▲ 6,047% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €6,128 | €59,715 | ▲ 874% |
| Remuneration, social security and pensions62 | €2,490 | €9,338 | €6,388 | €3,505 | €30,096 | ▲ 759% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,817 | €0 | - | - | €3,198 | - |
| Other operating charges640/8 | €648 | €832 | €1,416 | €387 | €2,216 | ▲ 472% |
| Non-recurring operating charges66A | €0 | - | €0 | - | - | - |
| Gross operating margin9900 | €13,756 | €13,197 | €14,050 | -€3,812 | €83,688 | ▲ 2,296% |
| Operating profit (loss)9901 | €4,801 | €3,027 | €6,246 | -€7,704 | €48,178 | ▲ 725% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | €0 | - | - | - |
| Non-recurring financial income76B | - | - | €0 | - | - | - |
| Financial charges65/66B | €49 | €58 | €57 | €56 | €148 | ▲ 162% |
| Recurring financial charges65 | €49 | €58 | €57 | €56 | €148 | ▲ 162% |
| Non-recurring financial charges66B | - | - | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €4,752 | €2,970 | €6,188 | -€7,761 | €48,030 | ▲ 719% |
| Income taxes67/77 | - | - | - | - | €24 | - |
| Profit (loss) for the period9904 | €4,752 | €2,970 | €6,188 | -€7,761 | €48,006 | ▲ 719% |
| Profit (loss) for the period to be appropriated9905 | €4,752 | €2,970 | €6,188 | -€7,761 | €48,006 | ▲ 719% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,875 | €7,402 | €1,693 | €2,155 | €52,174 | ▲ 2,321% |
| Formation expenses20 | €0 | - | €0 | - | - | - |
| Fixed assets21/28 | €208 | €208 | €208 | €208 | €13,385 | ▲ 6,328% |
| Tangible fixed assets22/27 | €0 | - | €0 | - | €12,877 | - |
| Plant, machinery and equipment23 | - | - | €0 | - | - | - |
| Furniture and vehicles24 | - | - | €0 | - | €12,877 | - |
| Leasing and similar rights25 | €0 | - | €0 | - | - | - |
| Other tangible fixed assets26 | - | - | €0 | - | - | - |
| Assets under construction and advance payments27 | - | - | €0 | - | - | - |
| Financial fixed assets28 | €208 | €208 | €208 | €208 | €508 | ▲ 144% |
| Current assets29/58 | €14,666 | €7,193 | €1,485 | €1,947 | €38,789 | ▲ 1,892% |
| Amounts receivable within one year40/41 | €5,693 | €6,538 | €449 | €1,549 | €29,855 | ▲ 1,828% |
| Trade receivables40 | €0 | - | €0 | - | €29,306 | - |
| Other amounts receivable41 | €5,693 | €6,538 | €449 | €1,549 | €548 | ▼ 64.6% |
| Cash at bank and in hand54/58 | €8,973 | €655 | €1,036 | €399 | €8,934 | ▲ 2,141% |
| Deferred charges and accrued income490/1 | - | - | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,875 | €7,402 | €1,693 | €2,155 | €52,174 | ▲ 2,321% |
| Equity10/15 | -€27,365 | -€24,395 | -€18,207 | -€25,968 | €1,581 | ▲ 106% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | - | - |
| Capital10 | - | - | - | €18,592 | - | - |
| Issued capital100 | - | - | - | €18,592 | - | - |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Other1319 | - | - | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€47,816 | -€44,846 | -€38,658 | -€46,419 | -€278 | ▲ 99.4% |
| Amounts payable17/49 | €42,240 | €31,797 | €19,900 | €28,123 | €50,594 | ▲ 79.9% |
| Amounts payable within one year42/48 | €42,240 | €31,797 | €19,900 | €28,123 | €50,594 | ▲ 79.9% |
| Trade debts44 | €5,863 | €4,734 | €4,734 | €6,555 | €2,464 | ▼ 62.4% |
| Suppliers440/4 | €5,863 | €4,734 | €4,734 | €6,555 | €2,464 | ▼ 62.4% |
| Taxes, remuneration and social security45 | €791 | €6,599 | €4,149 | €7,655 | €14,127 | ▲ 84.6% |
| Taxes450/3 | - | €304 | €304 | €304 | €4,568 | ▲ 1,405% |
| Remuneration and social security454/9 | €791 | €6,295 | €3,846 | €7,351 | €9,559 | ▲ 30.0% |
| Other amounts payable47/48 | €35,585 | €20,464 | €11,017 | €13,914 | €34,002 | ▲ 144% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,752 | €2,970 | €6,188 | -€7,761 | €48,006 | ▲ 719% |
| + Depreciation and write-downs630 | €5,817 | €0 | - | - | €3,198 | - |
| Operating cash flow (approximation) | €10,569 | €2,970 | €6,188 | -€7,761 | €51,203 | ▲ 760% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€16,375 | - |
| Change in cash | - | -€8,317 | €381 | -€638 | €8,536 | ▲ 1,438% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Back to profitnet €48,006
Net result €48,006 after one loss-making year.
26-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 118 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
26-07
KBO administration
Address struck
event 01-07-2023
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 329 days late
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 694 days late
05-06
Bankruptcy
Judicial dissolution and immediate closure
Ondernemingsrechtbank Brussel
24-05
KBO administration
Address struck
event 01-07-2023
2021
31-12
Financial
Back to profitnet €4,752
Net result €4,752 after one loss-making year.
22-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 114 days late
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 327 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €8,306
Net result €8,306 after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 18 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Sint-Agatha-Berchem · 1 establishment unit since 1994
Ground area
2,850 m²
Building footprint
674 m²
Volume, LiDAR
5,268 m³
2 parcels, Brussels · tallest building 19.8 m, ±3 floors. Linked by address, not a title deed.
37
companies at this address
See who is registered here
1 establishment unit
Kolomstraat 1A, 1080 Sint-Jans-Molenbeek
since 19942.068.885.680
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21522B0623/00L000 | Brussels | 2,442 m² | 1 · 406 m² | 19.8 m · 2 fl. |
| 21003A0200/00F003 | Brussels | 407 m² | 1 · 268 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BATI BABEL
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Sint-Jans-Molenbeek · Eq €1,573
Ardeshir
BE 0444.028.089
Ukkel · Eq €1,558
ASALE
BE 0444.258.218
Jette · Eq €1,607
KAWTAR
BE 0456.891.477
Sint-Gillis (bij-Brussel) · Eq €1,625
Of 6,684 companies in sector 49330 we hold annual accounts for 2,299. 925 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-04-1994
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452511631
Also
9925:BE0452511631
Registered
28-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.