ELBITRUST
ActiveSummary
ELBITRUST has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.0m and a net result of -€1,110. Equity has been stable since 2018 (±0% per year). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 30-09-2002 Normal situation
- Activity
- “Het verwerven,door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van…” (deed in French)From the articles, 7 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.115.588.212 3200 Aarschot, since 31-10-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Board and ownership
- Heidi BillionDirector · since 20-12-2023
- Helga BillionDirector · since 20-12-2023
- Leo BillionDirector · since 20-12-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- -€88
- ▲ 57.2%
- Loss
- €1,110
- ▼ 7.2%
- Equity
- €8.0m
- =
- Total assets
- €8.0m
- =
- 2025 accounts filed 29 days after the deadline
Score breakdownraises riskLiquidity: current ratio 0.32, cash €4,236Last filed accounts filed 29 days late; 1 of the last 3 accounts latelowers riskSize: total assets €8.0mEquity €8.0m (99.8% of total assets)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small). It does better than 82% of them on solvency, 46% on liquidity, 37% on profitability and 44% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 2 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
2025 annual accounts filed 29 days after the deadline Filed on 29 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00451377.
Annual accounts 2025 filed on 29-08-2026 at the NBB all 23 filings
Every figure per financial year
The operating result for 2025 is a loss of €1,086, smaller than the loss of €1,173 in 2024.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €868 | €868 | €960 | €968 | €998 | ▲ 3.2% |
| Gross operating margin9900 | -€70 | -€39 | -€55 | -€57 | -€57 | -€1,861 | -€205 | -€88 | ▲ 57.2% |
| Operating profit (loss)9901 | -€938 | -€907 | -€923 | -€925 | -€925 | -€2,822 | -€1,173 | -€1,086 | ▲ 7.4% |
| Financial charges65/66B | - | - | - | €50 | €51 | €51 | €24 | €24 | = |
| Recurring financial charges65 | €24 | €33 | €50 | €50 | €51 | €51 | €24 | €24 | = |
| Profit (loss) for the period before taxes9903 | -€962 | -€939 | -€973 | -€975 | -€976 | -€2,872 | -€1,197 | -€1,110 | ▲ 7.2% |
| Profit (loss) for the period9904 | -€962 | -€939 | -€973 | -€975 | -€976 | -€2,872 | -€1,197 | -€1,110 | ▲ 7.2% |
| Profit (loss) for the period to be appropriated9905 | -€962 | -€939 | -€973 | -€975 | -€976 | -€2,872 | -€1,197 | -€1,110 | ▲ 7.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | = |
| Formation expenses20 | - | - | - | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | = |
| Financial fixed assets28 | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | = |
| Current assets29/58 | €0.005m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | ▼ 0.6% |
| Cash at bank and in hand54/58 | €0.005m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | ▼ 0.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | = |
| Equity10/15 | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | = |
| Contributions10/11 | €7.8m | €7.8m | €7.8m | €7.8m | €7.8m | €7.8m | €7.8m | €7.8m | = |
| Capital10 | - | - | - | €7.8m | €7.8m | €7.8m | €7.8m | €7.8m | = |
| Issued capital100 | - | - | - | €7.8m | €7.8m | €7.8m | €7.8m | €7.8m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 0.5% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 0.6% |
| Amounts payable17/49 | €0.004m | €0.005m | €0.006m | €0.007m | €0.008m | €0.01m | €0.01m | €0.01m | ▲ 9.0% |
| Amounts payable within one year42/48 | €0.004m | €0.005m | €0.006m | €0.007m | €0.008m | €0.01m | €0.01m | €0.01m | ▲ 9.1% |
| Other amounts payable47/48 | - | - | - | €0.007m | €0.008m | €0.01m | €0.01m | €0.01m | ▲ 9.1% |
| Accrued charges and deferred income492/3 | - | - | - | €57 | €57 | €57 | €57 | €57 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€962 | -€939 | -€973 | -€975 | -€976 | -€2,872 | -€1,197 | -€1,110 | ▲ 7.2% |
| Operating cash flow (approximation) | -€962 | -€939 | -€973 | -€975 | -€976 | -€2,872 | -€1,197 | -€1,110 | ▲ 7.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€33 | -€50 | -€50 | -€51 | -€51 | -€24 | -€24 | = |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 29-08-2026 | 2026-00451377 | |
| 31-12-2024 | abbreviated format | 29-06-2025 | 2025-00192865 | |
| 31-12-2023 | abbreviated format | 07-09-2024 | 2024-00455310 | |
| 31-12-2022 | micro format | 24-09-2023 | 2023-00452210 | |
| 31-12-2021 | micro format | 18-07-2022 | 2022-20194532 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-28600447 | |
| 31-12-2019 | micro format | 30-05-2020 | 2020-15100402 | |
| 31-12-2018 | micro format | 08-06-2019 | 2019-18000252 | |
| 31-12-2017 | abbreviated format | 05-07-2018 | 2018-28900549 | |
| 31-12-2016 | abbreviated format | 20-06-2017 | 2017-18900008 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 28-12-2023 Capital stated in the deed · €7,779,712.90 · 264,733 shares
Mandate history
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Heidi Billion |
|
| Helga Billion |
|
| Leo Billion |
|
| Rita Smedts |
|
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Op naam, iedere aandeelhouder kan kennis nemen”
Articles of association, deed of 28-12-2023 (in French)
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- SOFTWARE HOLDING & FINANCEsubsidiarySourceown accounts 2025Equity €12.9m Profit of €245,677 in 2025 (profit of €421,200 in 2024) Checked score 9499.99%
Holdings through the years 2006 to 2025
| Name | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SOFTWARE HOLDING & FINANCE | 99.99% | |||||||||||||||||||
Source: list of holdings in its own accounts
Connections & network
4 current directorsThe network starts from the directors of ELBITRUST. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
28-12
Gazette deed
4 directors appointed, 2 managers resigningChanges of role: Leo Billion (director) and Rita Smedts (director) · Appointments: Heidi Billion (director) and Helga Billion (director) · Legal-form conversion: from partnership limited by shares to public limited company10 points ▸
- General meeting, 20-12-2023
- Legal-form conversion, from partnership limited by shares to public limited company
- Capital, €7,779,712.90, 264,733 shares
- Director resignation, Leo Billion (statutory manager)
- Director resignation, Rita Smedts (statutory manager)
- Director appointment, Leo Billion
- Director appointment, Rita Smedts
- Director appointment, Heidi Billion
- Director appointment, Helga Billion
- Registered office clause, Jagersdreef 14, 3210 Linden
- The deed holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
7 activities
- Het verwerven,door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten vennootschappen;
- Het bevorderen van de oprichting van vennootschappen door inbreng,participatie of investering;
- Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren,onder om het even welke vorm;in dit kader kan zij zich ook borg stellen of haar aval verlenen,in de meest ruime zin,alle handels- of financiële operaties verrichten behalve die welke wettelijk voorbehouden zijn aan depositobanken,houders van deposito’s op korte termijn,spaarkassen,hypotheekmaatschappijen,kapitalisatieondernemingen,ondernemingen voor vermogensbeheer en beleggingsadvies;
- Het optreden als tussenpersoon bij onderhandelingen door gehele of gedeeltelijke overname van aandelen,in de meest ruime betekenis,het deelnemen aan emissieverrichtingen van aandelen en vastrentende waarden door intekening,waarborgplaatsing,verhandeling of anderszins,alsmede het verwezenlijken van om het even welke verrichtingen inzake portefeuille- of kapitaalbestuur;
- Het waarnemen van alle bestuursopdrachten,het uitoefenen van mandaten en functies in andere vennootschappen of ondernemingen;
- Het verhuren of huren,aan- en verkoop van onroerende goederen voor eigen beheer;alsmede alle activiteiten die betrekking hebben op onroerende leasing;
- Het ontwikkelen,kopen,verkopen,in licentie nemen of geven van octrooien,knowhow en aanverwante immateriële duurzame activa;
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24063A0038/00T000 | Flanders | 2,274 m² | 1 · 244 m² | 21.0 m · 2 |