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ELBICON INDUSTRIES

Active
Public limited companyfounded 198640 yrs activeGaston Geenslaan 10 - 12, 3200 Aarschot, BelgiumKBO/BCE: BE 0428.293.404
Summary

ELBICON INDUSTRIES has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.7m and a net result of -€12,233. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 29% of 4913 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Risk analysisWatch ReportCompare
ELBICON INDUSTRIESActiveChecked score 64/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of cars and light vans (up to 3.5 tonnes)
NACE 47811NACE 45113
#7 company by total assets in Aarschot, Wholesale and retail trade sector7 sites
Size
€7.4mturnover 2024
Equity
€1.7m
Loss
-€12,233
Financial health
64 Healthy Checked score 2024
Bankruptcy chance 12 m
1.3%
Structure
Parent
PASHUYSEN
Board
3 members
Holdings
3
Accounts 67 d overdue1 of 14 deeds read
Why 64- Figures for FY 2024 (filed 23-07-2025)- Liquidity: current ratio 0.61, cash €390,717- Sector Retail trade (NACE 47)+ Size: turnover €7.4m, total assets €10.9mShow the evidence

Checked score

Score 2024
64 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 34% of its sector peers (NACE 47, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 40+2
equity 15.3% of total assets
Liquidity 17-1
short-term debt 69.8% · cash 3.6%
Profitability 44-22
return on assets -0.1%
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (388 companies)
Last 24 months 11-2024: 0.9% 12-2024: 0.9%● 0.0% vs 11-2024 01-2025: 0.9%● 0.0% vs 12-2024 02-2025: 0.9%▼ -3.5% vs 01-2025 03-2025: 0.9%▼ -0.7% vs 02-2025 04-2025: 0.9%▼ -0.2% vs 03-2025 05-2025: 0.9%▲ +0.3% vs 04-2025 06-2025: 0.9%▲ +4.7% vs 05-2025 07-2025: 1.3%▲ +34.9% vs 06-2025 08-2025: 0.2%▼ -82.2% vs 07-2025 09-2025: 0.2%● 0.0% vs 08-2025 10-2025: 0.2%● 0.0% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.2%▼ -3.1% vs 01-2026lowest value 03-2026: 0.2%▲ +5.0% vs 02-2026 04-2026: 0.2%▲ +2.2% vs 03-2026 05-2026: 0.2%▲ +0.4% vs 04-2026 06-2026: 0.3%▲ +7.2% vs 05-2026 07-2026: 0.3%▲ +15.5% vs 06-2026 08-2026: 0.7%▲ +135% vs 07-2026 09-2026: 0.9%▲ +26.4% vs 08-2026 10-2026: 1.3%▲ +51.3% vs 09-2026highest value
  • Figures for FY 2024 (filed 23-07-2025) raises the probability
  • Size: turnover €7.4m, total assets €10.9m lowers the probability for this profile
  • Liquidity: current ratio 0.61, cash €390,717 raises the probability
  • Sector Retail trade (NACE 47) raises the probability
Credit up to €100,000 at 30 days acceptable
Liquidity short (current ratio 0.61 against 0.74 in 2023; short-term debt: 69.8% and cash: 3.6% of total assets), and 84.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, medium-sized). Better than this share of them on solvency 35%, liquidity 22%, profitability 35%, growth against the median 45%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 23-07-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: turnover €7.4m, total assets €10.9m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.61, cash €390,717
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Retail trade (NACE 47)
In the bankruptcy model this factor raises the probability.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
14 d early
2023
12 d early
2022
3 d early
2021
3 d early
2020
2 d early
2019
88 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 9 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Reappointments: Ludovicus Gijsemans, Davy Gijsemans and…State Gazette act
  2. Annual accounts filedfiscal year 2024 · full…
  3. Weakest financial yearnet -€12,233

Key points

  • Caution: From profit to loss in 2024after €282,451 in 2023 -€12,233 View
  • Caution: Accounts not fileddeadline was 31-07-2026 67 d late View
  • Positive: Company by total assets in Aarschot, Wholesale and…in the Checked rankings #7 View
  • Controlled by PASHUYSENitself parent of 5 companies parent View

By topic

Financials

Fiscal year
2024
Turnover
€7.4m
Loss
-€12,233
Solvency
15.3%
Turnover▲ 5.0%
Net result
20182024
Go to Financials

Timeline

Events
13
Since
2016
  1. 08-09-2026Reappointments: Ludovicus Gijsemans, Davy Gijsemans and Jacqueline…
  2. 17-07-2025Annual accounts filed
  3. 31-12-2024Weakest financial year
Go to Timeline

Company details

Sites
7
Legal form
Public limited company
Activity
Retail sale of cars and light vans (up…NACE 47811
Founded
15-01-1986
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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