ELBACO
ActiveSummary
ELBACO has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €248k and a net result of €16k. Equity is shrinking by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 85% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-8
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 7.4 against 5.5 in 2024; short-term debt: 12.4% and cash: 74.2% of total assets), and 12.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
87.6%
Return on assets
5.7%
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 14-08-2026, 14 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
14 d late
2024
28 d late
2023
61 d late
2022
59 d late
2021
91 d late
2020
93 d early
2019
11 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€248k▲ 6.9%
2024 · €231k
2018: €505k
2019: €554k▲ +9.8% vs 2018highest in 8 years
2020: €476k▼ -14.0% vs 2019
2021: €458k▼ -3.8% vs 2020
2022: €311k▼ -32.2% vs 2021
2023: €321k▲ +3.2% vs 2022
2024: €231k▼ -27.8% vs 2023lowest in 8 years
2025: €248k▲ +6.9% vs 2024
2018 → 2025
Total assets
€283k▲ 2.8%
2024 · €275k
2018: €718k
2019: €649k▼ -9.6% vs 2018
2020: €1.31M▲ +101% vs 2019highest in 8 years
2021: €1.30M▼ -0.9% vs 2020
2022: €315k▼ -75.7% vs 2021
2023: €339k▲ +7.5% vs 2022
2024: €275k▼ -18.8% vs 2023lowest in 8 years
2025: €283k▲ +2.8% vs 2024
2018 → 2025
Net result
€16k▼ 53.2%
2024 · €34k
2018: €88khighest in 8 years
2019: €49k▼ -43.7% vs 2018
2020: €-77k▼ -257% vs 2019lowest in 8 years
2021: €-18k▲ +76.9% vs 2020
2022: €-3k▲ +83.5% vs 2021
2023: €10k▲ +438% vs 2022
2024: €34k▲ +245% vs 2023
2025: €16k▼ -53.2% vs 2024
2018 → 2025
Working capital
€224k▲ 14.6%
2024 · €195k
2018: €361k
2019: €416k▲ +15.4% vs 2018
2020: €428k▲ +2.8% vs 2019highest in 8 years
2021: €414k▼ -3.2% vs 2020
2022: €270k▼ -34.9% vs 2021
2023: €282k▲ +4.7% vs 2022
2024: €195k▼ -30.8% vs 2023lowest in 8 years
2025: €224k▲ +14.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€458k-€311k▼ 32.2%€321k▲ 3.2%€231k▼ 27.8%€248k▲ 6.9%
2021: €458khighest in 5 years
2022: €311k▼ -32.2% vs 2021
2023: €321k▲ +3.2% vs 2022
2024: €231k▼ -27.8% vs 2023lowest in 5 years
2025: €248k▲ +6.9% vs 2024
Operating result€-8k-€-2k▲ 79.7%€16k€49k▲ 198%€23k▼ 53.4%
2021: €-8klowest in 5 years
2022: €-2k▲ +79.7% vs 2021
2023: €16k▲ +1074% vs 2022
2024: €49k▲ +198% vs 2023highest in 5 years
2025: €23k▼ -53.4% vs 2024
Net result€-18k-€-3k▲ 83.5%€10k€34k▲ 245%€16k▼ 53.2%
2021: €-18klowest in 5 years
2022: €-3k▲ +83.5% vs 2021
2023: €10k▲ +438% vs 2022
2024: €34k▲ +245% vs 2023highest in 5 years
2025: €16k▼ -53.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 53% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €283k
Fixed assets
€24k ▼ 34.3%
Current assets
€259k ▲ 8.3%
Equity and liabilities €283k
Equity
€248k ▲ 6.9%
Debt
€35k ▼ 19.5%
Debt's share of the balance-sheet total falls from 15.8% to 12.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25k▼
2024 · €51k
Cash flow
€19k▼
2024 · €37k
Current ratio
7.40▲
2024 · 5.50
Debt to equity
0.14▼
2024 · 0.19
ROE
6.5%▼
2024 · 14.8%
ROA
5.7%▼
2024 · 12.5%
Interest coverage
54.58▼
2024 · 88.58
Debt ≤ 1 year
€35k▼
2024 · €43k
Income taxes
€8k▼
2024 · €18k
Staff costs
€779▲
2024 · €76
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€275k€283k▲
Fixed assets21/28€36k€24k▼
Tangible fixed assets22/27€26k€24k▼
Land and buildings22€23k€22k▼
Plant, machinery and equipment23€4k€2k▼
Financial fixed assets28€10k€0▼
Current assets29/58€239k€259k▲
Amounts receivable within one year40/41€13k€26k▲
Trade receivables40€7k€1k▼
Other amounts receivable41€6k€24k▲
Current investments50/53€154k€24k▼
Cash at bank and in hand54/58€72k€210k▲
Equity and liabilities
Total equity and liabilities10/49€275k€283k▲
Equity10/15€231k€248k▲
Contributions10/11€21k€21k=
Outside capital11€21k-
Other1109/19€21k-
Reserves13€309k€325k▲
Non-distributable reserves130/1€44k-
Reserves not available under the articles1311€44k-
Tax-exempt reserves132€19k€19k=
Distributable reserves133€246k€306k▲
Profit (loss) carried forward14€-98k€-98k=
Amounts payable17/49€43k€35k▼
Amounts payable within one year42/48€43k€35k▼
Trade debts44€15k€6k▼
Suppliers440/4€15k€6k▼
Taxes, remuneration and social security45€24k€18k▼
Taxes450/3€24k€18k▼
Other amounts payable47/48€4k€12k▲
Income statement
Code20242025
Remuneration, social security and pensions62€76€779▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€655€463▼
Gross operating margin9900€52k€26k▼
Operating profit (loss)9901€49k€23k▼
Financial income75/76B€4k€2k▼
Recurring financial income75€4k€2k▼
Financial charges65/66B€578€461▼
Recurring financial charges65€578€461▼
Profit (loss) for the period before taxes9903€52k€24k▼
Income taxes67/77€18k€8k▼
Profit (loss) for the period9904€34k€16k▼
Profit (loss) for the period to be appropriated9905€34k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-64k€-82k▼
Profit (loss) brought forward from the previous period14P€-98k€-98k=
Transfer from equity791/2€124k-
Transfer to equity691/2€34k€16k▼
To other reserves6921€34k€16k▼
Profit to be distributed694/7€124k-
Return on contributions (dividend)694€124k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €486 | €369 | - | €76 | €779 | ▲ 919% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €3k | €3k | €2k | €2k | = |
| Other operating charges640/8 | €531 | €935 | €1k | €655 | €463 | ▼ 29.3% |
| Gross operating margin9900 | €-3k | €2k | €20k | €52k | €26k | ▼ 49.2% |
| Operating profit (loss)9901 | €-8k | €-2k | €16k | €49k | €23k | ▼ 53.4% |
| Financial income75/76B | €4 | €276 | €244 | €4k | €2k | ▼ 47.4% |
| Recurring financial income75 | €4 | €276 | €244 | €4k | €2k | ▼ 47.4% |
| Financial charges65/66B | €1k | €868 | €699 | €578 | €461 | ▼ 20.2% |
| Recurring financial charges65 | €1k | €868 | €699 | €578 | €461 | ▼ 20.2% |
| Profit (loss) for the period before taxes9903 | €-9k | €-2k | €16k | €52k | €24k | ▼ 53.4% |
| Income taxes67/77 | €9k | €677 | €6k | €18k | €8k | ▼ 53.7% |
| Profit (loss) for the period9904 | €-18k | €-3k | €10k | €34k | €16k | ▼ 53.2% |
| Profit (loss) for the period to be appropriated9905 | €-18k | €-3k | €10k | €34k | €16k | ▼ 53.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.30M | €315k | €339k | €275k | €283k | ▲ 2.8% |
| Fixed assets21/28 | €44k | €41k | €39k | €36k | €24k | ▼ 34.3% |
| Tangible fixed assets22/27 | €34k | €31k | €29k | €26k | €24k | ▼ 9.4% |
| Land and buildings22 | €25k | €24k | €23k | €23k | €22k | ▼ 3.9% |
| Plant, machinery and equipment23 | €8k | €7k | €5k | €4k | €2k | ▼ 43.2% |
| Furniture and vehicles24 | €616 | €261 | - | - | - | - |
| Financial fixed assets28 | €10k | €10k | €10k | €10k | €0 | ▼ 100% |
| Current assets29/58 | €1.25M | €274k | €300k | €239k | €259k | ▲ 8.3% |
| Amounts receivable within one year40/41 | €10k | €13k | €6k | €13k | €26k | ▲ 98.3% |
| Trade receivables40 | €3k | €7k | - | €7k | €1k | ▼ 84.4% |
| Other amounts receivable41 | €6k | €7k | €6k | €6k | €24k | ▲ 339% |
| Current investments50/53 | €24k | €24k | €154k | €154k | €24k | ▼ 84.6% |
| Cash at bank and in hand54/58 | €1.22M | €139k | €40k | €72k | €210k | ▲ 190% |
| Deferred charges and accrued income490/1 | - | €97k | €101k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.30M | €315k | €339k | €275k | €283k | ▲ 2.8% |
| Equity10/15 | €458k | €311k | €321k | €231k | €248k | ▲ 6.9% |
| Contributions10/11 | €19k | €19k | €19k | €21k | €21k | = |
| Capital10 | €19k | €19k | €19k | - | - | - |
| Issued capital100 | €19k | €19k | €19k | - | - | - |
| Outside capital11 | - | - | - | €21k | - | - |
| Other1109/19 | - | - | - | €21k | - | - |
| Reserves13 | €535k | €390k | €400k | €309k | €325k | ▲ 5.2% |
| Non-distributable reserves130/1 | €270k | €126k | €136k | €44k | - | - |
| Legal reserve130 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €268k | €124k | €134k | €44k | - | - |
| Tax-exempt reserves132 | €19k | €19k | €19k | €19k | €19k | = |
| Distributable reserves133 | €246k | €246k | €246k | €246k | €306k | ▲ 24.6% |
| Profit (loss) carried forward14 | €-95k | €-98k | €-98k | €-98k | €-98k | = |
| Amounts payable17/49 | €838k | €4k | €18k | €43k | €35k | ▼ 19.5% |
| Amounts payable within one year42/48 | €838k | €4k | €18k | €43k | €35k | ▼ 19.5% |
| Trade debts44 | €8k | €4k | €12k | €15k | €6k | ▼ 63.7% |
| Suppliers440/4 | €8k | €4k | €12k | €15k | €6k | ▼ 63.7% |
| Taxes, remuneration and social security45 | - | - | €6k | €24k | €18k | ▼ 25.2% |
| Taxes450/3 | - | - | €6k | €24k | €18k | ▼ 25.2% |
| Other amounts payable47/48 | €830k | - | - | €4k | €12k | ▲ 166% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-18k | €-3k | €10k | €34k | €16k | ▼ 53.2% |
| + Depreciation and write-downs630 | €4k | €3k | €3k | €2k | €2k | = |
| Operating cash flow (approximation) | €-14k | €-140 | €13k | €37k | €19k | ▼ 49.6% |
| Investment in fixed assets (approximation) | - | €0 | €9 | €0 | €10k | - |
| Change in cash | - | €-1.08M | €-100k | €32k | €137k | ▲ 324% |
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
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after 3 loss-making years.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Liquidity times 43current ratio 64.64
Current ratio from 1.49 to 64.64; short-term debt falls from €838k to €4k.
30-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 91 days late
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-77k
Net result drops to €-77k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Overijse · 1 establishment unit since 1994
Ground area
3,421 m²
Building footprint
1,092 m²
Volume, LiDAR
5,508 m³
2 parcels, Flanders · tallest building 13.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
P.I. Taymansstraat 4214, 3090 Overijse
since 19942.069.426.704
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23544D0401/00C002 | Flanders | 1,842 m² | 1 · 136 m² | 11.7 m · 2 fl. |
| 23544D0439/00P000 | Flanders | 1,579 m² | 1 · 956 m² | 13.5 m · 2 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 38,966 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
Founded26-10-1994
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.