ELBAJA
ActiveSummary
For the legal form of ELBAJA, Checked does not compute a bankruptcy probability. The 2025 annual accounts show equity of €58k and a net result of €-5k. Equity is shrinking by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 44% of 4522 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability25▼-28
Solvency60▼-2
Growth32=
Track record100
Credit verdict
Credit up to €2k at 30 days only on tighter terms
Liquidity short (current ratio 0.36 against 0.33 in 2024; short-term debt: 65.3% and cash: 12.1% of total assets), and 65.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
34 d early
2023
69 d early
2022
26 d early
2021
24 d late
2020
20 d late
2019
20 d late
← 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
€58k▼ 8.5%
2024 · €63k
2018: €124k
2019: €125k▲ +0.8% vs 2018highest in 8 years
2020: €123k▼ -2.0% vs 2019
2021: €82k▼ -33.2% vs 2020
2022: €41k▼ -50.4% vs 2021lowest in 8 years
2023: €51k▲ +25.8% vs 2022
2024: €63k▲ +23.1% vs 2023
2025: €58k▼ -8.5% vs 2024
2018 → 2025
Total assets
€166k▼ 2.2%
2024 · €170k
2018: €290khighest in 8 years
2019: €283k▼ -2.2% vs 2018
2020: €219k▼ -22.7% vs 2019
2021: €177k▼ -19.4% vs 2020
2022: €136k▼ -22.9% vs 2021lowest in 8 years
2023: €151k▲ +10.7% vs 2022
2024: €170k▲ +12.6% vs 2023
2025: €166k▼ -2.2% vs 2024
2018 → 2025
Net result
€-5k
2024 · €12k
2018: €52khighest in 8 years
2019: €18k▼ -65.2% vs 2018
2020: €-2k▼ -114% vs 2019
2021: €-41k▼ -1533% vs 2020
2022: €-41k▼ -1.2% vs 2021lowest in 8 years
2023: €10k▲ +125% vs 2022
2024: €12k▲ +13.0% vs 2023
2025: €-5k▼ -145% vs 2024
2018 → 2025
Working capital
€-69k▲ 3.5%
2024 · €-72k
2018: €10khighest in 8 years
2019: €3k▼ -69.0% vs 2018
2020: €-7k▼ -327% vs 2019
2021: €-42k▼ -506% vs 2020
2022: €-77k▼ -84.6% vs 2021lowest in 8 years
2023: €-60k▲ +21.7% vs 2022
2024: €-72k▼ -19.8% vs 2023
2025: €-69k▲ +3.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€82k-€41k▼ 50.4%€51k▲ 25.8%€63k▲ 23.1%€58k▼ 8.5%
2021: €82khighest in 5 years
2022: €41k▼ -50.4% vs 2021lowest in 5 years
2023: €51k▲ +25.8% vs 2022
2024: €63k▲ +23.1% vs 2023
2025: €58k▼ -8.5% vs 2024
Operating result€-34k-€-34k▼ 1.0%€17k€21k▲ 22.2%€4k▼ 78.4%
2021: €-34k
2022: €-34k▼ -1.0% vs 2021lowest in 5 years
2023: €17k▲ +149% vs 2022
2024: €21k▲ +22.2% vs 2023highest in 5 years
2025: €4k▼ -78.4% vs 2024
Net result€-41k-€-41k▼ 1.2%€10k€12k▲ 13.0%€-5k
2021: €-41k
2022: €-41k▼ -1.2% vs 2021lowest in 5 years
2023: €10k▲ +125% vs 2022
2024: €12k▲ +13.0% vs 2023highest in 5 years
2025: €-5k▼ -145% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 78% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €166k
Fixed assets
€127k ▼ 5.9%
Current assets
€39k ▲ 11.9%
Equity and liabilities €166k
Equity
€58k ▼ 8.5%
Debt
€108k ▲ 1.5%
Debt's share of the balance-sheet total rises from 62.9% to 65.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€12k▼
2024 · €27k
Cash flow
€3k▼
2024 · €18k
Current ratio
0.36▲
2024 · 0.33
Debt to equity
1.88▲
2024 · 1.70
ROE
-9.3%▼
2024 · 18.8%
ROA
-3.2%▼
2024 · 7.0%
Interest coverage
1.28▼
2024 · 3.08
Debt ≤ 1 year
€108k▲
2024 · €107k
Income taxes
€185▼
2024 · €207
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 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€170k€166k▼
Fixed assets21/28€135k€127k▼
Tangible fixed assets22/27€135k€127k▼
Land and buildings22€106k€101k▼
Plant, machinery and equipment23€29k€26k▼
Current assets29/58€35k€39k▲
Amounts receivable within one year40/41-€9k
Other amounts receivable41-€9k
Cash at bank and in hand54/58€25k€20k▼
Deferred charges and accrued income490/1€10k€10k=
Equity and liabilities
Total equity and liabilities10/49€170k€166k▼
Equity10/15€63k€58k▼
Contributions10/11€94k€94k=
Capital10€94k€94k=
Issued capital100€94k€94k=
Reserves13€9k€9k=
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Profit (loss) carried forward14€-40k€-46k▼
Amounts payable17/49€107k€108k▲
Amounts payable within one year42/48€107k€108k▲
Trade debts44€387-
Suppliers440/4€387-
Taxes, remuneration and social security45€6k€4k▼
Taxes450/3€6k€4k▼
Other amounts payable47/48€101k€104k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€8k▲
Other operating charges640/8€13k€13k▲
Gross operating margin9900€40k€26k▼
Operating profit (loss)9901€21k€4k▼
Financial charges65/66B€9k€10k▲
Recurring financial charges65€9k€10k▲
Profit (loss) for the period before taxes9903€12k€-5k▼
Income taxes67/77€207€185▼
Profit (loss) for the period9904€12k€-5k▼
Profit (loss) for the period to be appropriated9905€12k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-40k€-46k▼
Profit (loss) brought forward from the previous period14P€-52k€-40k▲
The notes to these accounts (3 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €6k | €6k | €6k | €8k | ▲ 28.3% |
| Other operating charges640/8 | €11k | €11k | €12k | €13k | €13k | ▲ 4.6% |
| Gross operating margin9900 | €-17k | €-17k | €36k | €40k | €26k | ▼ 35.3% |
| Operating profit (loss)9901 | €-34k | €-34k | €17k | €21k | €4k | ▼ 78.4% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | €0 | - | - | - |
| Financial charges65/66B | €7k | €7k | €6k | €9k | €10k | ▲ 10.5% |
| Recurring financial charges65 | €7k | €7k | €6k | €9k | €10k | ▲ 10.5% |
| Profit (loss) for the period before taxes9903 | €-41k | €-41k | €11k | €12k | €-5k | ▼ 143% |
| Income taxes67/77 | €138 | €233 | €218 | €207 | €185 | ▼ 10.9% |
| Profit (loss) for the period9904 | €-41k | €-41k | €10k | €12k | €-5k | ▼ 145% |
| Profit (loss) for the period to be appropriated9905 | €-41k | €-41k | €10k | €12k | €-5k | ▼ 145% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €177k | €136k | €151k | €170k | €166k | ▼ 2.2% |
| Fixed assets21/28 | €123k | €117k | €111k | €135k | €127k | ▼ 5.9% |
| Tangible fixed assets22/27 | €123k | €117k | €111k | €135k | €127k | ▼ 5.9% |
| Land and buildings22 | €121k | €116k | €111k | €106k | €101k | ▼ 4.6% |
| Plant, machinery and equipment23 | €2k | €1k | - | €29k | €26k | ▼ 10.4% |
| Current assets29/58 | €53k | €19k | €40k | €35k | €39k | ▲ 11.9% |
| Amounts receivable within one year40/41 | €194 | €160 | €2 | - | €9k | - |
| Other amounts receivable41 | €194 | €160 | €2 | - | €9k | - |
| Cash at bank and in hand54/58 | €53k | €19k | €40k | €25k | €20k | ▼ 20.1% |
| Deferred charges and accrued income490/1 | - | - | - | €10k | €10k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €177k | €136k | €151k | €170k | €166k | ▼ 2.2% |
| Equity10/15 | €82k | €41k | €51k | €63k | €58k | ▼ 8.5% |
| Contributions10/11 | €94k | €94k | €94k | €94k | €94k | = |
| Capital10 | €94k | €94k | €94k | €94k | €94k | = |
| Issued capital100 | €94k | €94k | €94k | €94k | €94k | = |
| Reserves13 | €9k | €9k | €9k | €9k | €9k | = |
| Non-distributable reserves130/1 | €9k | €9k | €9k | €9k | €9k | = |
| Legal reserve130 | €9k | €9k | €9k | €9k | €9k | = |
| Profit (loss) carried forward14 | €-21k | €-62k | €-52k | €-40k | €-46k | ▼ 13.4% |
| Amounts payable17/49 | €95k | €96k | €100k | €107k | €108k | ▲ 1.5% |
| Amounts payable within one year42/48 | €95k | €96k | €100k | €107k | €108k | ▲ 1.5% |
| Trade debts44 | - | - | - | €387 | - | - |
| Suppliers440/4 | - | - | - | €387 | - | - |
| Taxes, remuneration and social security45 | €4k | €2k | €3k | €6k | €4k | ▼ 31.2% |
| Taxes450/3 | €4k | €2k | €3k | €6k | €4k | ▼ 31.2% |
| Other amounts payable47/48 | €91k | €94k | €96k | €101k | €104k | ▲ 3.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-41k | €-41k | €10k | €12k | €-5k | ▼ 145% |
| + Depreciation and write-downs630 | €6k | €6k | €6k | €6k | €8k | ▲ 28.3% |
| Operating cash flow (approximation) | €-35k | €-35k | €17k | €18k | €3k | ▼ 85.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-30k | €0 | ▲ 100% |
| Change in cash | - | €-34k | €21k | €-14k | €-5k | ▲ 64.7% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after 3 loss-making years.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-41k
Net result drops to €-41k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 20 days late
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Herent · 1 establishment unit since 1997
Ground area
4,900 m²
Building footprint
1,503 m²
Volume, LiDAR
86 m³
2 parcels, Flanders · tallest building 18.1 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ELBAJA CVA
since 19972.080.608.824
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24422F0368/00F000 | Flanders | 3,536 m² | 1 · 1,289 m² | - |
| 24127D0035/00L004 | Flanders | 1,364 m² | 1 · 214 m² | 18.1 m · 1 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.
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Of 1,281 companies in sector 81100 we hold annual accounts for 678. 392 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPartnership limited by shares
Founded21-01-1997
Fiscal year end31-12
Activities, NACEBEL 2025
81100Combined facilities support activities
Scores and ratios are computed by Checked and are not a credit decision.