ELB CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of ELB CONSTRUCT is 11.1% (high). For ELB CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €82,715 and a net result of €67,625. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 8,815 sector peers (NACE 41, financial year 2023). The company has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
General construction of residential buildings
NACE 41001
2 sites
Size
€416,164total assets 2023
- Equity
- €82,715
- Profit
- €67,625
Turnover not published (micro format)
Financial health
- Bankruptcy probabilitywithin 12 months
- 11.1%
2023 figures too old to score
Structure
2024 accounts not filed, 451 days past the deadline1 of 5 deeds summarised
Signalsraises risk2 financial years not filed after the legal deadline; last filed accounts filed 174 days late; 1 of the last 3 lateFigures for financial year 2023 (filed 22-01-2025)Size: total assets €416,164Two or more financial years not filed2023 accounts filed 174 days latelowers riskFounded in 2007Show the evidence
Bankruptcy probability
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Average
Solvency
45-46
equity 19.9% of total assets
Liquidity
12-30
short-term debt 80.1% · cash 4.9%
Profitability
89-11
return on assets 16.2%
Bankruptcy probability, 12 months
11.1%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 9 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 5.9%
12-2024: 6.6%▲ +0.7 percentage points vs 11-2024
01-2025: 8.3%▲ +1.7 percentage points vs 12-2024
02-2025: 5.5%▼ -2.8 percentage points vs 01-2025
03-2025: 5.5%● unchanged vs 02-2025
04-2025: 5.9%▲ +0.4 percentage points vs 03-2025
05-2025: 6.5%▲ +0.6 percentage points vs 04-2025
06-2025: 6.2%▼ -0.3 percentage points vs 05-2025
07-2025: 6.2%● unchanged vs 06-2025
08-2025: 6.9%▲ +0.7 percentage points vs 07-2025
09-2025: 8.5%▲ +1.6 percentage points vs 08-2025
10-2025: 10.8%▲ +2.3 percentage points vs 09-2025
11-2025: 5.2%▼ -5.6 percentage points vs 10-2025lowest value
12-2025: 5.8%▲ +0.6 percentage points vs 11-2025
01-2026: 9.4%▲ +3.6 percentage points vs 12-2025
02-2026: 9.4%● unchanged vs 01-2026
03-2026: 9.6%▲ +0.2 percentage points vs 02-2026
04-2026: 8.9%▼ -0.7 percentage points vs 03-2026
05-2026: 8.9%● unchanged vs 04-2026
06-2026: 8.9%● unchanged vs 05-2026
07-2026: 9.0%▲ +0.1 percentage points vs 06-2026
08-2026: 11.1%▲ +2.1 percentage points vs 07-2026highest value
09-2026: 11.1%● unchanged vs 08-2026highest value
10-2026: 11.1%● unchanged vs 09-2026highest value
Credit check for your own amount and term
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Signals
Six signals.
lowers riskraises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 year end31-07-2025 deadline25-10-2026 today
raises risk · 2023 accounts filed 174 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 21-01-2025, 174 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
174 days late
2022
83 days early
2021
27 days late
2020
5 days early
2019
193 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 61 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2023 · micro…
- Highest result from 2018 to 2023net €67,625 ▲9.9%
- Registered office · Legal-form change ·…Name change · Registered-office move…
Financials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 Financial year closed on 31 December 2024; filing due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 25 October 2026.
Equity
€82,715▲ 136%
2022 · €35,090
Total assets
€416,164▲ 682%
2022 · €53,193
Net result
€67,625▲ 9.9%
2022 · €61,540
Working capital
€51,791▲ 67.3%
2022 · €30,965
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 28% above 2022 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€86,201
2023
Net result€67,625
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€416,164
2023
Equity€82,715
2023
Debt€333,449
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€51,791
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)16.2%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency19.9%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.16
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€7,872--€6,772▲ 14.0%€8,994-€228€67,089€86,201▲ 28.5%
Net result-€7,921--€6,829▲ 13.8%€8,945within the sector's middle half-€275below the sector's middle half€61,540above the sector's middle half€67,625above the sector's middle half▲ 9.9%
Equity-€28,291--€35,119▼ 24.1%-€26,175below the sector's middle half▲ 25.5%-€26,450below the sector's middle half▼ 1.1%€35,090within the sector's middle half€82,715within the sector's middle half▲ 136%
Total assets€9,458-€9,325▼ 1.4%€328below the sector's middle half▼ 96.5%€54below the sector's middle half▼ 83.6%€53,193below the sector's middle half▲ 991×€416,164above the sector's middle half▲ 682%
Debt€37,749-€44,444▲ 17.7%€26,502▼ 40.4%€26,504=€18,103▼ 31.7%€333,449▲ 18×
Working capital-€29,906--€36,734▼ 22.8%-€26,175below the sector's middle half▲ 28.7%-€26,450below the sector's middle half▼ 1.1%€30,965within the sector's middle half€51,791within the sector's middle half▲ 67.3%
Solvency-299.1%--376.6%▼ 77.5pp66.0%above the sector's middle half19.9%within the sector's middle half▼ 46.1pp
Current ratio0.21-0.17▼ 0.032.71within the sector's middle half1.16within the sector's middle half▼ 1.56
Return on assets (ROA)-83.7%--73.2%▲ 10.5pp115.7%above the sector's middle half16.2%within the sector's middle half▼ 99.4pp
above
within
below
the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €416,164
Fixed assets
€30,924 ▲ 650%
Current assets
€385,240 ▲ 685%
Equity and liabilities €416,164
Equity
€82,715 ▲ 136%
Debt
€333,449 ▲ 18×
Debt's share of the balance-sheet total rises from 34.0% to 80.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€100,653▲
2022 · €68,464
Cash flow
€82,077▲
2022 · €62,915
Quick ratio
1.12▼
2022 · 1.94
Debt to equity
4.03▲
2022 · 0.52
ROE
81.8%▼
2022 · 175.4%
Interest coverage
over 100
2022 · over 100
Debt ≤ 1 year
€333,449▲
2022 · €18,103
Income taxes
€17,421▲
2022 · €5,497
Staff costs
€63
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | €63 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €975 | - | - | - | €1,375 | €14,452 | ▲ 951% |
| Other operating charges640/8 | - | - | - | - | - | €867 | - |
| Gross operating margin9900 | -€4,851 | -€6,522 | €8,994 | -€228 | €68,464 | €101,583 | ▲ 48.4% |
| Operating profit (loss)9901 | -€7,872 | -€6,772 | €8,994 | -€228 | €67,089 | €86,201 | ▲ 28.5% |
| Financial charges65/66B | - | - | - | €47 | €52 | €1,155 | ▲ 22× |
| Recurring financial charges65 | €49 | €56 | €50 | €47 | €52 | €60 | ▲ 15.3% |
| Non-recurring financial charges66B | - | - | - | - | - | €1,095 | - |
| Profit (loss) for the period before taxes9903 | -€7,921 | -€6,829 | €8,945 | -€275 | €67,036 | €85,046 | ▲ 26.9% |
| Income taxes67/77 | - | - | - | - | €5,497 | €17,421 | ▲ 217% |
| Profit (loss) for the period9904 | -€7,921 | -€6,829 | €8,945 | -€275 | €61,540 | €67,625 | ▲ 9.9% |
| Profit (loss) for the period to be appropriated9905 | -€7,921 | -€6,829 | €8,945 | -€275 | €61,540 | €67,625 | ▲ 9.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €9,458 | €9,325 | €328 | €54 | €53,193 | €416,164 | ▲ 682% |
| Fixed assets21/28 | €1,615 | €1,615 | - | - | €4,125 | €30,924 | ▲ 650% |
| Intangible fixed assets21 | - | - | - | - | - | €1,592 | - |
| Tangible fixed assets22/27 | - | - | - | - | €4,125 | €27,312 | ▲ 562% |
| Plant, machinery and equipment23 | - | - | - | - | - | €4,566 | - |
| Furniture and vehicles24 | - | - | - | - | €4,125 | €22,746 | ▲ 451% |
| Financial fixed assets28 | €1,615 | €1,615 | - | - | - | €2,020 | - |
| Current assets29/58 | €7,843 | €7,710 | €328 | €54 | €49,068 | €385,240 | ▲ 685% |
| Stocks and contracts in progress3 | €1,750 | €3,901 | - | - | €13,901 | €12,230 | ▼ 12.0% |
| Stocks30/36 | - | - | - | - | €3,451 | - | - |
| Contracts in progress37 | - | - | - | - | €10,450 | €12,230 | ▲ 17.0% |
| Amounts receivable within one year40/41 | €3,323 | €3,670 | - | - | €32,144 | €352,051 | ▲ 995% |
| Trade receivables40 | - | - | - | - | €25,792 | €321,649 | ▲ 12× |
| Other amounts receivable41 | - | - | - | - | €6,351 | €30,401 | ▲ 379% |
| Cash at bank and in hand54/58 | €2,770 | €140 | €328 | €54 | €3,024 | €20,469 | ▲ 577% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €490 | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €9,458 | €9,325 | €328 | €54 | €53,193 | €416,164 | ▲ 682% |
| Equity10/15 | -€28,291 | -€35,119 | -€26,175 | -€26,450 | €35,090 | €82,715 | ▲ 136% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | - | - | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€46,891 | -€53,719 | -€44,775 | -€45,050 | €16,490 | €64,115 | ▲ 289% |
| Amounts payable17/49 | €37,749 | €44,444 | €26,502 | €26,504 | €18,103 | €333,449 | ▲ 18× |
| Amounts payable within one year42/48 | €37,749 | €44,444 | €26,502 | €26,504 | €18,103 | €333,449 | ▲ 18× |
| Financial debts43 | - | - | - | - | €36 | €36 | = |
| Credit institutions430/8 | - | - | - | - | €36 | €36 | = |
| Trade debts44 | €3,013 | €5,532 | €1,177 | €1,177 | €11,774 | €278,246 | ▲ 24× |
| Suppliers440/4 | - | - | - | €1,177 | €11,774 | €278,246 | ▲ 24× |
| Advances received on contracts in progress46 | - | - | - | - | - | €12,250 | - |
| Taxes, remuneration and social security45 | - | - | - | €441 | €5,497 | €22,918 | ▲ 317% |
| Taxes450/3 | - | - | - | €441 | €5,497 | €22,918 | ▲ 317% |
| Other amounts payable47/48 | - | - | - | €24,886 | €796 | €20,000 | ▲ 25× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,921 | -€6,829 | €8,945 | -€275 | €61,540 | €67,625 | ▲ 9.9% |
| + Depreciation and write-downs630 | €975 | - | - | - | €1,375 | €14,452 | ▲ 951% |
| Operating cash flow (approximation) | -€6,945 | -€6,829 | €8,945 | -€275 | €62,915 | €82,077 | ▲ 30.5% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | -€41,251 | - |
| Change in cash | - | -€2,631 | €188 | -€274 | €2,970 | €17,446 | ▲ 487% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 21-01-2025 | 2025-00008310 |
| 31-12-2022 | micro format | 09-05-2023 | 2023-00084606 |
| 31-12-2021 | micro format | 27-08-2022 | 2022-20355739 |
| 31-12-2020 | micro format | 26-07-2021 | 2021-39800527 |
| 31-12-2019 | micro format | 09-02-2021 | 2021-05300440 |
| 31-12-2018 | micro format | 18-07-2019 | 2019-34400210 |
| 31-12-2017 | micro format | 29-08-2018 | 2018-57100115 |
| 31-12-2016 | micro format | 28-10-2017 | 2017-68800173 |
| 31-12-2015 | full format | 30-08-2016 | 2016-54800113 |
| 31-12-2014 | full format | 30-08-2015 | 2015-56100305 |
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Of the 29,229 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,269. 13,359 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.
Directors
Directors
No directors read yet: 1 of 5 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2025
21-01
NBB filing
Annual accounts filed
financial year 2023 · micro format · 174 days late
2023
31-12
Financial
Highest result from 2018 to 2023net €67,625 ▲9.9%
Operating result €86,201, net result €67,625, both a record.
26-10
Gazette deed
Registered office · Legal-form change · Name · Resignations & appointmentsName change · Registered-office move · Legal form clause9 facts ▸
Gazette deed
Registered office · Legal-form change · Name · Resignations & appointments
Name change · Registered-office move · Legal form clause9 facts ▸
- Name change, ELB CONSTRUCT
- Registered-office move, 6852 Maissin,Place des Combattants 11-13 en Région wallonne
- Legal form clause, “forme légale du Code des sociétés et des associations qui se rapproche le plus de sa forme actuelle, société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “En dérogation à ce qui précède,décision de l’assemblée générale, limitation du compte de capitaux propres statutairement indisponible” (deed in French)
- Amendment of the articles
- Capital
- Board composition, EL BAOUDI Hamza (director)
- Power of attorney (2 times)
09-05
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
31-12
Financial
Back to profitnet €61,540
Net result €61,540 after one loss-making year.
31-12
Financial
Liquidity more than 1338 timescurrent ratio 2.71
Current ratio from 0.00 to 2.71; short-term debt falls from €26,504 to €18,103.
27-08
NBB filing
Annual accounts filed
financial year 2021 · micro format · 27 days late
2021
26-07
NBB filing
Annual accounts filed
financial year 2020 · micro format
09-02
NBB filing
Annual accounts filed
financial year 2019 · micro format · 193 days late
2020
31-12
Financial
Back to profitnet €8,945
Net result €8,945 after 2 loss-making years.
2019
18-07
NBB filing
Annual accounts filed
financial year 2018 · micro format
2018
29-08
NBB filing
Annual accounts filed
financial year 2017 · micro format · 29 days late
Show earlier events
2017
28-10
NBB filing
Annual accounts filed
financial year 2016 · micro format · 89 days late
2016
30-08
NBB filing
Annual accounts filed
financial year 2015 · full format · 30 days late
2015
30-08
NBB filing
Annual accounts filed
financial year 2014 · full format · 30 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 16 annual accounts filed, the latest 10 are here; all 16 are under Financials.
1 of 5 deeds read
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded13-03-2007
Financial year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002General construction of office buildings
41003General construction of other non-residential buildings
42110Construction of roads and motorways
43211General electrical installation work
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0887928991
Also
9925:BE0887928991
Registered
21-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0887.928.991
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Paliseul · 2 establishment units since 2007
Ground area
345 m²
Building footprint
164 m²
Building volume
1,172 m³
Parcel 84039C0126/00R000, Wallonia · tallest building 10.5 m. Linked by address, not a title deed.
2 establishment units
BE PASS
since 2007unit no. 2.331.137.454
ELB CONSTRUCT SRL
since 2022unit no. 2.339.181.724
1 parcel
Wallonia
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 84039C0126/00R000 | Wallonia | 344 m² | 1 · 164 m² | 10.5 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Les travaux d'urbanisme,la conception d'immeubles,l'étude et la réalisation de travaux d'architecture; La peinture,la…” (deed in French)
7 activities (deed in French)
- Les travaux d'urbanisme,la conception d'immeubles,l'étude et la réalisation de travaux d'architecture;
- La peinture,la maçonnerie,l'électricité,la toiture,la menuiserie,le plafonnage,le cimentage,la plomberie,la charpenterie,la menuiserie-charpenterie;
- La promotion immobilière,les transactions immobilières,les financements de projets;
- Les travaux de construction et de rénovation de bâtiments tant en Belgique qu'à l'étranger;
- L'installation d'appareil électrique,électronique ainsi que de satellite;
- Dessinateur industriel;consultant technique et en engineering;
- Garagiste réparateur,mécanique,carrosserie.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ELB CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, transférable en tout endroit de la Région wallonne ou de la Région de Bruxelles-Capitale par simple décision de l’organe…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- 2 provisions in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Pli recommande, notifie ou expert” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of June at 16:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Décision assemblée générale formes modifications statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et moment, administrateurs en fonction” (deed in French)