ELBO
ActiveELBO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32k and a net result of €-27k. Equity is growing by ~27.3% per year across the filed fiscal years. Its solvency ranks better than 16% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability28▼-21
Solvency38▼-13
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity short (current ratio 0.15 against 0.25 in 2024; short-term debt: 83.2% and cash: 1.2% of total assets), and 86.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.4%
Return on assets
-11.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-27k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 27711 sector peers (2025).
NBB · sector comparisonPosition among 27711 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 d late
2024
1 d late
2023
2 d early
2022
24 d early
2021
9 d late
2020
15 d early
2019
87 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, micro schema
Equity
€32k▼ 45.5%
2024 · €59k
2018: €-15k
2019: €-7k
2020: €8k
2021: €51k
2022: €55k
2023: €67k
2024: €59k
2018 → 2025
Total assets
€238k▲ 5.9%
2024 · €225k
2018: €47k
2019: €81k
2020: €79k
2021: €85k
2022: €109k
2023: €163k
2024: €225k
2018 → 2025
Net result
€-27k▼ 232%
2024 · €-8k
2018: €1k
2019: €7k
2020: €15k
2021: €44k
2022: €4k
2023: €12k
2024: €-8k
2018 → 2025
Working capital
€-169k▼ 59.0%
2024 · €-107k
2018: €-24k
2019: €-22k
2020: €-37k
2021: €-2k
2022: €-12k
2023: €-10k
2024: €-107k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€51k-€55k▲ 7.1%€67k▲ 21.0%€59k▼ 12.0%€32k▼ 45.5%
Operating result€46k-€7k▼ 85.4%€21k▲ 212%€-4k€-23k▼ 533%
Net result€44k-€4k▼ 91.6%€12k▲ 215%€-8k€-27k▼ 232%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23k in 2025 against €4k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €238k
Fixed assets
€210k▲ 10.2%
Current assets
€29k▼ 17.2%
Equity and liabilities €238k
Equity
€32k▼ 45.5%
Debt
€206k▲ 24.1%
The debt ratio rises from 73.9% to 86.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€10k▼
2024 · €18k
Cash flow
€6k▼
2024 · €13k
Solvency
13.4%▼
2024 · 26.1%
Current ratio
0.15▼
2024 · 0.25
Quick ratio
0.15▼
2024 · 0.25
Debt / equity
6.46▲
2024 · 2.84
ROE
-83.6%▼
2024 · -13.7%
ROA
-11.2%▼
2024 · -3.6%
Interest coverage
2.80▼
2024 · 4.16
Debt
€206k▲
2024 · €166k
Debt ≤ 1 year
€198k▲
2024 · €141k
Debt > 1 year
€7k▼
2024 · €25k
Income taxes
€165▲
2024 · €128
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€225k€238k▲
Fixed assets21/28€190k€210k▲
Tangible fixed assets22/27€190k€209k▲
Plant, machinery and equipment23€30k€27k▼
Furniture and vehicles24€159k€182k▲
Financial fixed assets28€427€427=
Current assets29/58€35k€29k▼
Amounts receivable within one year40/41€29k€24k▼
Trade receivables40€26k€18k▼
Other amounts receivable41€3k€6k▲
Cash at bank and in hand54/58€4k€3k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€225k€238k▲
Equity10/15€59k€32k▼
Contributions10/11€19k€19k=
Reserves13€17k€17k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€23k€-4k▼
Amounts payable17/49€166k€206k▲
Amounts payable after more than one year17€25k€7k▼
Financial debts170/4€25k€7k▼
Amounts payable within one year42/48€141k€198k▲
Current portion of amounts payable after more than one year42€38k€43k▲
Financial debts43€145€229▲
Credit institutions430/8€145€229▲
Trade debts44€5k€12k▲
Suppliers440/4€5k€12k▲
Taxes, remuneration and social security45€12k€15k▲
Taxes450/3€8k€0▼
Remuneration and social security454/9€4k€15k▲
Other amounts payable47/48€86k€129k▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€33k▲
Other operating charges640/8€9k€1k▼
Gross operating margin9900€27k€11k▼
Operating profit (loss)9901€-4k€-23k▼
Financial income75/76B€16€0▼
Recurring financial income75€16€0▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€-8k€-27k▼
Income taxes67/77€128€165▲
Profit (loss) for the period9904€-8k€-27k▼
Profit (loss) for the period to be appropriated9905€-8k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€-4k▼
Profit (loss) brought forward from the previous period14P€31k€23k▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (11 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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
31-12
Financial
Highest result since 2018net €44k ▲185%
Operating result €46k, net result €44k, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Asse · 1 establishment unit since 2001
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.
Mollemseweg 421730 AsseGround area
2,731 m²
Building footprint
953 m²
Volume, LiDAR
3,274 m³
Parcel 23322B0136/00H000, Flanders · tallest building 10.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ELBO
since 20012.097.725.364
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322B0136/00H000 | Flanders | 2,731 m² | 1 · 953 m² | 10.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 470 EUR awarded · 470 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 470 EUR | 470 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,054 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2000
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
43320Joinery installation
43350Other building finishing work
45421
45422
Sources
Crossroads Bank for EnterprisesNational Bank · 25 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.