ELBOTECH
ActiveSummary
ELBOTECH has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.3m and a net result of €240,829. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 57% of 8101 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▼-17
Solvency86▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity tight (current ratio 1.06 against 2.06 in 2023; short-term debt: 19.3% and cash: 2.6% of total assets), and 38.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
61.5%
Return on assets
11.2%
Age of the figures
21 mo
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 05-06-2025, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
51 d early
2022
55 d early
2021
53 d early
2020
53 d early
2019
22 d early
← 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 48 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#5 company by total assets in Merksplas, Professional and technical services sector#9 company by equity in Merksplas, Professional and technical services sector
Equity
€1.3m▲ 19.6%
2023 · €1.1m
Total assets
€2.2m▲ 10.7%
2023 · €1.9m
Net result
€240,829▼ 61.9%
2023 · €632,437
Working capital
€24,386▼ 93.8%
2023 · €394,329
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€113,741€77,470▼ 31.9%€83,307▲ 7.5%€874,007▲ 949%€355,216▼ 59.4%
Net result€69,431€45,499▼ 34.5%€52,226▲ 14.8%€632,437▲ 1,111%€240,829▼ 61.9%
Equity€876,339▼ 1.2%€706,902▼ 19.3%€759,128▲ 7.4%€1.1m▲ 46.0%€1.3m▲ 19.6%
Total assets€1.8m▲ 35.6%€1.8m▲ 2.4%€1.9m▲ 2.6%€1.9m▲ 4.8%€2.2m▲ 10.7%
Debt€857,044▲ 125%€1.1m▲ 24.9%€1.1m▼ 0.4%€762,656▼ 28.5%€755,537▼ 0.9%
Working capital€347,256▲ 33.7%-€177,757-€125,484▲ 29.4%€394,329€24,386▼ 93.8%
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 59% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.2m
Fixed assets
€1.7m ▲ 45.1%
Current assets
€439,505 ▼ 42.5%
Equity and liabilities €2.2m
Equity
€1.3m ▲ 19.6%
Provisions
€75,296 ▼ 1.9%
Debt
€755,537 ▼ 0.9%
Debt's share of the balance-sheet total falls from 39.2% to 35.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€478,946▼
2023 · €995,900
Cash flow
€364,559▼
2023 · €754,330
Current ratio
1.06▼
2023 · 2.06
Debt to equity
0.57▼
2023 · 0.69
ROE
18.2%▼
2023 · 57.1%
ROA
11.2%▼
2023 · 32.5%
Interest coverage
30.07▼
2023 · 64.23
Debt ≤ 1 year
€415,119▲
2023 · €370,490
Debt > 1 year
€340,419▼
2023 · €392,167
Income taxes
€111,606▼
2023 · €194,520
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 20,082 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €35,000 | €387,756 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,996 | €106,919 | €69,859 | €121,893 | €123,730 | ▲ 1.5% |
| Other operating charges640/8 | - | €5,877 | €11,268 | €11,425 | €9,126 | ▼ 20.1% |
| Gross operating margin9900 | €168,328 | €190,266 | €164,434 | €1.0m | €488,072 | ▼ 51.5% |
| Operating profit (loss)9901 | €113,741 | €77,470 | €83,307 | €874,007 | €355,216 | ▼ 59.4% |
| Financial income75/76B | - | €8,832 | €10,852 | €13,483 | €11,654 | ▼ 13.6% |
| Recurring financial income75 | €3,691 | €8,832 | €10,852 | €13,483 | €11,654 | ▼ 13.6% |
| Financial charges65/66B | - | €18,239 | €22,465 | €15,506 | €15,925 | ▲ 2.7% |
| Recurring financial charges65 | €14,086 | €18,239 | €22,465 | €15,506 | €15,925 | ▲ 2.7% |
| Profit (loss) for the period before taxes9903 | €103,346 | €68,064 | €71,693 | €871,983 | €350,944 | ▼ 59.8% |
| Transfer from deferred taxes780 | - | €1,195 | €499 | €32,525 | €1,491 | ▼ 95.4% |
| Transfer to deferred taxes680 | - | - | - | €77,551 | €0 | ▼ 100% |
| Income taxes67/77 | €35,110 | €23,760 | €19,966 | €194,520 | €111,606 | ▼ 42.6% |
| Profit (loss) for the period9904 | €69,431 | €45,499 | €52,226 | €632,437 | €240,829 | ▼ 61.9% |
| Transfer from tax-exempt reserves789 | - | €3,465 | €1,446 | €95,160 | €5,964 | ▼ 93.7% |
| Transfer to tax-exempt reserves689 | - | - | - | €310,205 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €72,895 | €48,963 | €53,672 | €417,392 | €246,793 | ▼ 40.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.8m | €1.9m | €1.9m | €2.2m | ▲ 10.7% |
| Fixed assets21/28 | €1.2m | €1.5m | €1.4m | €1.2m | €1.7m | ▲ 45.1% |
| Tangible fixed assets22/27 | €1.1m | €1.3m | €1.2m | €988,800 | €1.5m | ▲ 54.0% |
| Land and buildings22 | - | €1.1m | €1.1m | €973,843 | €1.4m | ▲ 48.7% |
| Plant, machinery and equipment23 | - | €214,373 | €195,302 | €1,421 | €2,932 | ▲ 106% |
| Furniture and vehicles24 | - | €18,968 | €1,158 | €12,088 | €70,214 | ▲ 481% |
| Other tangible fixed assets26 | - | €2,897 | €2,173 | €1,448 | €724 | ▼ 50.0% |
| Financial fixed assets28 | €168,800 | €193,800 | €193,800 | €193,800 | €193,800 | = |
| Current assets29/58 | €543,171 | €298,723 | €414,691 | €764,819 | €439,505 | ▼ 42.5% |
| Amounts receivable after more than one year29 | - | €5,639 | €5,780 | €5,924 | €6,073 | ▲ 2.5% |
| Other amounts receivable291 | - | €5,639 | €5,780 | €5,924 | €6,073 | ▲ 2.5% |
| Amounts receivable within one year40/41 | €200,832 | €208,280 | €322,236 | €405,549 | €329,531 | ▼ 18.7% |
| Trade receivables40 | - | - | €35,000 | €122,849 | €33,328 | ▼ 72.9% |
| Other amounts receivable41 | - | €208,280 | €287,236 | €282,700 | €296,203 | ▲ 4.8% |
| Current investments50/53 | €56,581 | €46,775 | €47,094 | €47,192 | €47,192 | = |
| Cash at bank and in hand54/58 | €277,793 | €35,576 | €38,252 | €306,154 | €56,709 | ▼ 81.5% |
| Deferred charges and accrued income490/1 | - | €2,452 | €1,330 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.8m | €1.9m | €1.9m | €2.2m | ▲ 10.7% |
| Equity10/15 | €876,339 | €706,902 | €759,128 | €1.1m | €1.3m | ▲ 19.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €857,739 | €688,302 | €740,528 | €1.1m | €1.3m | ▲ 19.9% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €93,548 | €92,102 | €307,147 | €301,183 | ▼ 1.9% |
| Distributable reserves133 | - | €592,894 | €646,566 | €780,369 | €1.0m | ▲ 28.5% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €33,454 | €32,260 | €31,761 | €76,787 | €75,296 | ▼ 1.9% |
| Deferred taxes168 | - | €32,260 | €31,761 | €76,787 | €75,296 | ▼ 1.9% |
| Amounts payable17/49 | €857,044 | €1.1m | €1.1m | €762,656 | €755,537 | ▼ 0.9% |
| Amounts payable after more than one year17 | €656,720 | €588,715 | €519,565 | €392,167 | €340,419 | ▼ 13.2% |
| Financial debts170/4 | - | €588,715 | €519,565 | €392,167 | €340,419 | ▼ 13.2% |
| Amounts payable within one year42/48 | €195,915 | €476,480 | €540,175 | €370,490 | €415,119 | ▲ 12.0% |
| Current portion of amounts payable after more than one year42 | - | €68,006 | €69,149 | €51,214 | €51,748 | ▲ 1.0% |
| Trade debts44 | €13,088 | €2,837 | €3,513 | €2,278 | €12,956 | ▲ 469% |
| Suppliers440/4 | - | €2,837 | €3,513 | €2,278 | €12,956 | ▲ 469% |
| Taxes, remuneration and social security45 | - | €41,083 | €13,518 | €111,342 | €59,457 | ▼ 46.6% |
| Taxes450/3 | - | €41,083 | €13,518 | €107,084 | €53,431 | ▼ 50.1% |
| Remuneration and social security454/9 | - | - | - | €4,258 | €6,026 | ▲ 41.5% |
| Other amounts payable47/48 | - | €364,554 | €453,995 | €205,655 | €290,957 | ▲ 41.5% |
| Accrued charges and deferred income492/3 | - | €5,677 | €6,833 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69,431 | €45,499 | €52,226 | €632,437 | €240,829 | ▼ 61.9% |
| + Depreciation and write-downs630 | €42,996 | €106,919 | €69,859 | €121,893 | €123,730 | ▲ 1.5% |
| Operating cash flow (approximation) | €112,427 | €152,418 | €122,085 | €754,330 | €364,559 | ▼ 51.7% |
| Investment in fixed assets (approximation) | - | -€394,564 | -€1,319 | €138,279 | -€657,263 | ▼ 575% |
| Change in cash | - | -€242,217 | €2,676 | €267,902 | -€249,445 | ▼ 193% |
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
2026
07-08
State Gazette act
General meeting · Shareholding
Other statement · Dissolution
10-03
State Gazette act
General meeting · Director resignation
Director reappointment · Permanent representative
2025
18-06
State Gazette act
Director resignation · Director reappointment
Director appointment · Permanent representative
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-11
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
29-08
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
29-08
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
26-08
State Gazette act
General meeting · Director reappointment
Director appointment · Mandate compensation
22-08
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
30-07
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
19-07
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Show earlier events
21-05
State Gazette act
Board meeting · Director resignation
General meeting · Director appointment
02-04
State Gazette act
Board meeting · Director resignation
General meeting · Director appointment
02-04
State Gazette act
Board meeting · Director resignation
General meeting · Director reappointment
02-04
State Gazette act
Board meeting · General meeting
Director resignation · Director appointment
2023
31-12
Financial
Highest result since 2018net €632,437 ▲1,111%
Operating result €874,007, net result €632,437, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.06
Current ratio from 0.77 to 2.06; short-term debt falls from €540,175 to €370,490.
31-12
Financial
Equity above €1mEq €1.1m ▲46%
4 profitable years in a row build equity to €1.1m.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
21-04
State Gazette act
General meeting · Director resignation
Director reappointment · Mandate compensation
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €69,431
Net result €69,431 after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€6,099
Net result drops to -€6,099, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Merksplas · 1 establishment unit since 2006
Ground area
3,220 m²
Building footprint
195 m²
Volume, LiDAR
1,256 m³
Parcel 13023I0029/00N000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Elbotech
since 20062.155.895.868
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13023I0029/00N000 | Flanders | 3,220 m² | 1 · 195 m² | 7.5 m · 2 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.
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 3
-
99%
-
50%
-
50%
According to the 2024 annual accounts of ELBOTECH and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
4 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
ETION Synergia
Shared director
→
GROEP VAN ROEY
Shared director
→
Stichting Van Roey
Shared director
→
Van Roey Vastgoed
Shared director
→
Ownership & control
11 board mandatesBoard mandates of this companythis company sits on their board11
1 location
1 location
1 location
1 location
1 location
1 location
Show 5 more
1 location
1 location
1 location
1 location
1 location
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 24,755 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
Founded11-08-2006
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
68110Buying and selling of own real estate
68121Development of residential building projects
69109Other legal services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0882983080
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.