ELCA
ActiveSummary
The computed 12-month bankruptcy probability of ELCA is 5.9% (elevated). For ELCA, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show negative equity (-€43,864) and a net result of -€22,137. Equity is shrinking by ~10.7% per year across the filed fiscal years. The company has been active since 2000 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2020
Profitability13▼-37
Solvency17▼-4
Growth32▼-46
Track record92
Bankruptcy probability, 12 months
5.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2021Solvency, return and age of the figures
Solvency
-8.5%
Return on assets
-4.3%
Age of the figures
57 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 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
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
18 d early
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 35 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Late accounts filing
History
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Financials · fiscal year 2021, abbreviated schema
Equity
-€43,864▼ 102%
2020 · -€21,727
Total assets
€516,812▼ 0.9%
2020 · €521,602
Net result
-€22,137
2020 · €25,590
Working capital
-€52,359▲ 83.5%
2020 · -€317,757
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
Line2018201920202021
Operating result€1,076--€23,928€25,610-€183,683
Net result-€504--€25,173▼ 4,891%€25,590-€22,137
Equity-€22,144--€47,317▼ 114%-€21,727▲ 54.1%-€43,864▼ 102%
Total assets€555,152-€536,787▼ 3.3%€521,602▼ 2.8%€516,812▼ 0.9%
Debt€577,296-€584,104▲ 1.2%€543,329▼ 7.0%€560,675▲ 3.2%
Working capital-€298,928--€333,211▼ 11.5%-€317,757▲ 4.6%-€52,359▲ 83.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €183,683 after €25,610 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €516,812
Fixed assets
€8,495 ▼ 97.2%
Current assets
€508,316 ▲ 137%
Key figures and ratios
EBITDA
-€179,156▼
2020 · €29,423
Cash flow
-€17,610▼
2020 · €29,403
Solvency
-8.5%▼
2020 · -4.2%
Current ratio
0.91▲
2020 · 0.40
Debt to equity
-12.78▼
2020 · -0.52
ROA
-4.3%▼
2020 · 4.9%
Interest coverage
-148.26
Debt ≤ 1 year
€560,675▲
2020 · €531,970
Staff costs
€58
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €58 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,491 | €4,153 | €3,812 | €4,527 | ▲ 18.7% |
| Other operating charges640/8 | - | - | - | €142,418 | - |
| Gross operating margin9900 | €7,380 | -€16,068 | €31,723 | -€36,680 | ▼ 216% |
| Operating profit (loss)9901 | €1,076 | -€23,928 | €25,610 | -€183,683 | ▼ 817% |
| Financial income75/76B | - | - | - | €162,755 | - |
| Recurring financial income75 | €11 | - | €2,081 | €2,096 | ▲ 0.7% |
| Non-recurring financial income76B | - | - | - | €160,659 | - |
| Financial charges65/66B | - | - | - | €1,208 | - |
| Recurring financial charges65 | €1,454 | €1,106 | €932 | €1,208 | ▲ 29.6% |
| Profit (loss) for the period before taxes9903 | -€368 | -€25,033 | €26,760 | -€22,137 | ▼ 183% |
| Income taxes67/77 | €137 | €140 | €1,169 | - | - |
| Profit (loss) for the period9904 | -€504 | -€25,173 | €25,590 | -€22,137 | ▼ 187% |
| Profit (loss) for the period to be appropriated9905 | -€504 | -€25,173 | €25,590 | -€22,137 | ▼ 187% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €555,152 | €536,787 | €521,602 | €516,812 | ▼ 0.9% |
| Fixed assets21/28 | €302,727 | €304,623 | €307,388 | €8,495 | ▼ 97.2% |
| Tangible fixed assets22/27 | €302,727 | €304,623 | €307,388 | €8,495 | ▼ 97.2% |
| Plant, machinery and equipment23 | - | - | - | €645 | - |
| Furniture and vehicles24 | - | - | - | €7,850 | - |
| Current assets29/58 | €252,425 | €232,163 | €214,214 | €508,316 | ▲ 137% |
| Stocks and contracts in progress3 | €17,000 | €6,500 | €2,250 | - | - |
| Amounts receivable within one year40/41 | €181,006 | €193,089 | €190,347 | €500,527 | ▲ 163% |
| Trade receivables40 | - | - | - | €58,817 | - |
| Other amounts receivable41 | - | - | - | €441,709 | - |
| Cash at bank and in hand54/58 | €54,419 | €32,574 | €21,530 | €7,790 | ▼ 63.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €555,152 | €536,787 | €521,602 | €516,812 | ▼ 0.9% |
| Equity10/15 | -€22,144 | -€47,317 | -€21,727 | -€43,864 | ▼ 102% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | - |
| Issued capital100 | - | - | - | €62,000 | - |
| Profit (loss) carried forward14 | -€84,144 | -€109,317 | -€83,727 | -€105,864 | ▼ 26.4% |
| Amounts payable17/49 | €577,296 | €584,104 | €543,329 | €560,675 | ▲ 3.2% |
| Amounts payable after more than one year17 | €25,943 | €18,730 | €11,358 | - | - |
| Amounts payable within one year42/48 | €551,353 | €565,375 | €531,970 | €560,675 | ▲ 5.4% |
| Financial debts43 | - | - | - | €7 | - |
| Credit institutions430/8 | - | - | - | €7 | - |
| Trade debts44 | €106,365 | €83,758 | €20,271 | €42,244 | ▲ 108% |
| Suppliers440/4 | - | - | - | €42,244 | - |
| Taxes, remuneration and social security45 | - | - | - | €2,392 | - |
| Taxes450/3 | - | - | - | €2,392 | - |
| Other amounts payable47/48 | - | - | - | €516,033 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€504 | -€25,173 | €25,590 | -€22,137 | ▼ 187% |
| + Depreciation and write-downs630 | €4,491 | €4,153 | €3,812 | €4,527 | ▲ 18.7% |
| Operating cash flow (approximation) | €3,987 | -€21,020 | €29,403 | -€17,610 | ▼ 160% |
| Investment in fixed assets (approximation) | - | -€6,050 | -€6,577 | €294,366 | ▲ 4,576% |
| Change in cash | - | -€21,845 | -€11,044 | -€13,741 | ▼ 24.4% |
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
28-08
KBO administration
Late accounts filing
event 18-08-2026
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €25,590
Net result €25,590 after 2 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet -€25,173
Net result drops to -€25,173, the lowest in the series; recovery starts the following year.
27-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 88 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
08-02
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 192 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
20-05
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 294 days late
2014
07-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 68 days late
25-09
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 421 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Ravels · 1 establishment unit since 2000
Ground area
1,239 m²
Building footprint
223 m²
Volume, LiDAR
1,284 m³
2 parcels, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Zandkuilstraat 16, 2382 Ravels
since 20002.100.797.492
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13033B0680/00A000 | Flanders | 721 m² | 1 · 128 m² | 7.4 m · 2 fl. |
| 13033B0469/00G000indicative | Flanders | 518 m² | 1 · 95 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded05-04-2000
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.