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ELBOR

Active
Private limited companyfounded 20215 yrs activeZuiderlaan 49, 1731 Asse, BelgiumKBO/BCE: BE 0764.376.925
Summary

The computed 12-month bankruptcy probability of ELBOR is 1.6% (moderate). The 2024 annual accounts show equity of €6,571 and a net result of €8,942. Equity is growing by ~100.6% per year across the filed fiscal years. Its solvency ranks better than 41% of 6161 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability90▲+11
Solvency38▲+18
Growth78=
Track record94
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
12.7%
Return on assets
17.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-09-2025, 36 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 · 3 filings
Deviation from the deadline
2025
not confirmed
2024
36 d late
2023
30 d late
2022
83 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 6 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% 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

History

ELBOR was incorporated on 25 February 2021 as a Private limited company.1 Total assets went from EUR 52,793 in 2022 to EUR 51,576 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€6,571
2023 · -€2,371
Total assets
€51,576▲ 6.6%
2023 · €48,398
Net result
€8,942▲ 117%
2023 · €4,116
Working capital
-€17,256▼ 120%
2023 · -€7,858
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result-€16,086-€4,556€11,294▲ 148%
Net result-€16,487below the sector's middle half-€4,116within the sector's middle half€8,942within the sector's middle half▲ 117%
Equity-€6,487within the sector's middle half--€2,371within the sector's middle half▲ 63.4%€6,571within the sector's middle half
Total assets€52,793within the sector's middle half-€48,398within the sector's middle half▼ 8.3%€51,576within the sector's middle half▲ 6.6%
Debt€59,280-€50,769▼ 14.4%€45,006▼ 11.4%
Working capital-€58,119below the sector's middle half--€7,858within the sector's middle half▲ 86.5%-€17,256within the sector's middle half▼ 120%
Solvency-12.3%within the sector's middle half--4.9%within the sector's middle half▲ 7.4pp12.7%within the sector's middle half▲ 17.6pp
Current ratio0.02below the sector's middle half-0.15below the sector's middle half▲ 0.130.39below the sector's middle half▲ 0.23
Return on assets (ROA)-31.2%below the sector's middle half-8.5%within the sector's middle half▲ 39.7pp17.3%above the sector's middle half▲ 8.8pp
Staff (FTE)0.5
above within below the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000Operating result 2022: -€16,086-€16,086Net result 2022: -€16,487-€16,487Operating result 2023: €4,556€4,556Net result 2023: €4,116€4,116Operating result 2024: €11,294€11,294Net result 2024: €8,942€8,942202220232024-€20,000-€10,000€0€10,000Operating result 2022: -€16,086-€16,100Net result 2022: -€16,487-€16,500Operating result 2023: €4,556€4,560Net result 2023: €4,116€4,120Operating result 2024: €11,294€11,300Net result 2024: €8,942€8,940202220232024
The operating result has risen two years in a row; 2024 is 148% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €51,576
Fixed assets €40,693 ▼ 13.4%
Current assets €10,884 ▲ 661%
Equity and liabilities €51,576
Equity €6,571
Debt €45,006
Debt finances 87.3% of the balance-sheet total.
Key figures and ratios
2024 value · change against 2023
EBITDA
€17,569▲
2023 · €10,732
Cash flow
€15,217▲
2023 · €10,292
Quick ratio
0.18▲
2023 · 0.15
Debt to equity
6.85▲
2023 · -21.41
ROE
136.1%
Interest coverage
18.01▼
2023 · 22.20
Debt ≤ 1 year
€28,139▲
2023 · €9,289
Debt > 1 year
€16,866▼
2023 · €41,480
Income taxes
€1,382
Staff costs
€837▼
2023 · €3,696
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 6,713 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet Code20232024
Assets
Total assets20/58€48,398€51,576▲
Fixed assets21/28€46,968€40,693▼
Tangible fixed assets22/27€41,963€35,688▼
Furniture and vehicles24€1,115€526▼
Other tangible fixed assets26€40,847€35,162▼
Financial fixed assets28€5,005€5,005=
Current assets29/58€1,430€10,884▲
Stocks and contracts in progress3-€5,839
Stocks30/36-€5,839
Amounts receivable within one year40/41-€1,417
Trade receivables40-€1,416
Other amounts receivable41-€2
Cash at bank and in hand54/58€1,430€3,627▲
Equity and liabilities
Total equity and liabilities10/49€48,398€51,576▲
Equity10/15-€2,371€6,571▲
Contributions10/11€10,000€10,000=
Profit (loss) carried forward14-€12,371-€3,429▲
Amounts payable17/49€50,769€45,006▼
Amounts payable after more than one year17€41,480€16,866▼
Financial debts170/4€41,480€16,866▼
Amounts payable within one year42/48€9,289€28,139▲
Trade debts44€5,008€25,754▲
Suppliers440/4€5,008€25,754▲
Taxes, remuneration and social security45€4,281€2,386▼
Taxes450/3€3,741€2,386▼
Remuneration and social security454/9€540-
Income statement Code20232024
Remuneration, social security and pensions62€3,696€837▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,176€6,275▲
Other operating charges640/8€439€55▼
Gross operating margin9900€14,868€18,461▲
Operating profit (loss)9901€4,556€11,294▲
Financial income75/76B€44€5▼
Recurring financial income75€44€5▼
Financial charges65/66B€484€975▲
Recurring financial charges65€484€975▲
Profit (loss) for the period before taxes9903€4,116€10,324▲
Income taxes67/77-€1,382
Profit (loss) for the period9904€4,116€8,942▲
Profit (loss) for the period to be appropriated9905€4,116€8,942▲
Appropriation of the result
Profit (loss) to be appropriated9906-€12,371-€3,429▲
Profit (loss) brought forward from the previous period14P-€16,487-€12,371▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Remuneration, social security and pensions62-€3,696€837▼ 77.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,901€6,176€6,275▲ 1.6%
Other operating charges640/8€757€439€55▼ 87.5%
Gross operating margin9900-€5,428€14,868€18,461▲ 24.2%
Operating profit (loss)9901-€16,086€4,556€11,294▲ 148%
Financial income75/76B-€44€5▼ 88.5%
Recurring financial income75-€44€5▼ 88.5%
Financial charges65/66B€401€484€975▲ 102%
Recurring financial charges65€401€484€975▲ 102%
Profit (loss) for the period before taxes9903-€16,487€4,116€10,324▲ 151%
Income taxes67/77--€1,382-
Profit (loss) for the period9904-€16,487€4,116€8,942▲ 117%
Profit (loss) for the period to be appropriated9905-€16,487€4,116€8,942▲ 117%
Line202220232024Change
Assets
Total assets20/58€52,793€48,398€51,576▲ 6.6%
Fixed assets21/28€51,632€46,968€40,693▼ 13.4%
Tangible fixed assets22/27€46,832€41,963€35,688▼ 15.0%
Furniture and vehicles24€952€1,115€526▼ 52.9%
Other tangible fixed assets26€45,880€40,847€35,162▼ 13.9%
Financial fixed assets28€4,800€5,005€5,005=
Current assets29/58€1,161€1,430€10,884▲ 661%
Stocks and contracts in progress3--€5,839-
Stocks30/36--€5,839-
Amounts receivable within one year40/41--€1,417-
Trade receivables40--€1,416-
Other amounts receivable41--€2-
Cash at bank and in hand54/58€1,161€1,430€3,627▲ 154%
Equity and liabilities
Total equity and liabilities10/49€52,793€48,398€51,576▲ 6.6%
Equity10/15-€6,487-€2,371€6,571▲ 377%
Contributions10/11€10,000€10,000€10,000=
Profit (loss) carried forward14-€16,487-€12,371-€3,429▲ 72.3%
Amounts payable17/49€59,280€50,769€45,006▼ 11.4%
Amounts payable after more than one year17-€41,480€16,866▼ 59.3%
Financial debts170/4-€41,480€16,866▼ 59.3%
Amounts payable within one year42/48€59,280€9,289€28,139▲ 203%
Trade debts44€5,377€5,008€25,754▲ 414%
Suppliers440/4€5,377€5,008€25,754▲ 414%
Taxes, remuneration and social security45€2,562€4,281€2,386▼ 44.3%
Taxes450/3€2,562€3,741€2,386▼ 36.2%
Remuneration and social security454/9-€540--
Other amounts payable47/48€51,341---
Line202220232024Change
Profit (loss) for the period9904-€16,487€4,116€8,942▲ 117%
+ Depreciation and write-downs630€9,901€6,176€6,275▲ 1.6%
Operating cash flow (approximation)-€6,586€10,292€15,217▲ 47.8%
Investment in fixed assets (approximation)--€1,512€0▲ 100%
Change in cash-€269€2,197▲ 717%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
05-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 36 days late
2024
31-12
Financial Highest result since 2022net €8,942 ▲117%
Operating result €11,294, net result €8,942, both a record.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial Back to profitnet €4,116
Net result €4,116 after one loss-making year.
09-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
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, Asse · 1 establishment unit since 2021
seat establishment approximate The establishment unit on the map
Ground area
346 m²
Building footprint
275 m²
Volume, LiDAR
2,430 m³
Parcel 23095C0073/00X040, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Zuiderlaan 49, 1731 Asse
Hairdressing
since 20212.314.051.301
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23095C0073/00X040 Flanders 346 m² 1 · 275 m² 10.5 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 21,732 companies in sector 96210 we hold annual accounts for 2,835. 2,104 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
Founded25-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0764376925
Registered 17-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.