ELBA PROJECT
ActiveELBA PROJECT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €149k and a net result of €61k. Equity is growing by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 64% of 2004 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability99▲+9
Solvency84▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 1.0 in 2024; short-term debt: 34.2% and cash: 10.6% of total assets), and 41.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
58.6%
Return on assets
24%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 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
46 d late
2024
29 d late
2023
31 d late
2022
26 d late
2021
30 d late
2020
31 d late
2019
119 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€61k▲ 70.4%
2024 · €36k
2018: €4k
2019: €23k
2020: €17k
2021: €32k
2022: €23k
2023: €13k
2024: €36k
2018 → 2025
Working capital
€4k▲ 1,718%
2024 · €205
2018: €-7k
2019: €22k
2020: €44k
2021: €56k
2022: €76k
2023: €71k
2024: €205
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€103k-€125k▲ 22.1%€105k▼ 15.9%€88k▼ 16.3%€149k▲ 69.1%
Operating result€43k-€32k▼ 25.0%€18k▼ 45.1%€52k▲ 196%€88k▲ 68.9%
Net result€32k-€23k▼ 29.4%€13k▼ 44.0%€36k▲ 181%€61k▲ 70.4%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 69% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €254k
Fixed assets
€164k▲ 86.1%
Current assets
€91k▼ 27.1%
Equity and liabilities €254k
Equity
€149k▲ 69.1%
Debt
€105k▼ 15.2%
The debt ratio falls from 58.5% to 41.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€117k▲
2024 · €66k
Cash flow
€90k▲
2024 · €50k
Solvency
58.6%▲
2024 · 41.5%
Current ratio
1.04▲
2024 · 1.00
Quick ratio
1.04▲
2024 · 1.00
Debt / equity
0.71▼
2024 · 1.41
ROE
40.9%▲
2024 · 40.5%
ROA
24.0%▲
2024 · 16.8%
Interest coverage
94.29▼
2024 · 333.28
Debt
€105k▼
2024 · €124k
Debt ≤ 1 year
€87k▼
2024 · €124k
Debt > 1 year
€18k
Income taxes
€26k▲
2024 · €16k
Staff costs
€25k▲
2024 · €9k
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€212k€254k▲
Fixed assets21/28€88k€164k▲
Intangible fixed assets21-€6k
Tangible fixed assets22/27€88k€158k▲
Plant, machinery and equipment23€9k€119k▲
Furniture and vehicles24€2k€2k▲
Other tangible fixed assets26€41k€37k▼
Assets under construction and advance payments27€36k-
Current assets29/58€124k€91k▼
Stocks and contracts in progress3-€0
Stocks30/36-€0
Amounts receivable within one year40/41€104k€62k▼
Trade receivables40€101k€61k▼
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€20k€27k▲
Deferred charges and accrued income490/1€647€1k▲
Equity and liabilities
Total equity and liabilities10/49€212k€254k▲
Equity10/15€88k€149k▲
Contributions10/11€19k€19k=
Outside capital11-€19k
Other1109/19-€19k
Reserves13€69k€130k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€68k€128k▲
Profit (loss) carried forward14€265€403▲
Amounts payable17/49€124k€105k▼
Amounts payable after more than one year17-€18k
Financial debts170/4-€18k
Amounts payable within one year42/48€124k€87k▼
Current portion of amounts payable after more than one year42-€13k
Trade debts44€48k€6k▼
Suppliers440/4€48k€6k▼
Taxes, remuneration and social security45€32k€41k▲
Taxes450/3€23k€24k▲
Remuneration and social security454/9€10k€17k▲
Other amounts payable47/48€44k€27k▼
Income statement
Code20242025
Remuneration, social security and pensions62€9k€25k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€29k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k-
Other operating charges640/8€2k€2k▲
Gross operating margin9900€79k€145k▲
Operating profit (loss)9901€52k€88k▲
Financial income75/76B€21-
Recurring financial income75€21-
Financial charges65/66B€198€1k▲
Recurring financial charges65€198€1k▲
Profit (loss) for the period before taxes9903€52k€87k▲
Income taxes67/77€16k€26k▲
Profit (loss) for the period9904€36k€61k▲
Profit (loss) for the period to be appropriated9905€36k€61k▲
Appropriation of the result
Profit (loss) to be appropriated9906€89k€61k▼
Profit (loss) brought forward from the previous period14P€53k€265▼
Transfer to equity691/2€36k€61k▲
To other reserves6921€36k€61k▲
Profit to be distributed694/7€53k-
Return on contributions (dividend)694€53k-
The notes to these accounts (7 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
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 46 days late
2025
31-12
Financial
Highest result since 2018net €61k ▲70.4%
Operating result €88k, net result €61k, both a record.
31-12
Financial
Equity above €100kEq €149k ▲69.1%
8 profitable years in a row build equity to €149k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Equity above €100kEq €103k ▲45.6%
4 profitable years in a row build equity to €103k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 119 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 19 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Vorst · 2 establishment units since 2015
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.
Brits Tweede Legerlaan 26B1190 VorstGround area
203 m²
Building footprint
73 m²
Volume, LiDAR
461 m³
Parcel 23016E0112/00V000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
ELBA PROJECT
since 20152.244.097.473
Rondebosstraat 8, 1700 Dilbeek
since 20192.329.132.227
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23016E0112/00V000 | Flanders | 203 m² | 1 · 73 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,920 companies in sector 71112 we hold annual accounts for 1,295. 1,016 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-07-2015
Fiscal year end31-12
Activities, NACEBEL
31001Manufacture of furniture
71112Activities of interior architects
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.