ELCAGO
ActiveSummary
ELCAGO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120,847 and a net result of €49,151. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 52% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 6 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
History
Go further with this company
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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%.
| 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 31,370 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €39,889 | €57,854 | €50,345 | €61,496 | €22,292 | ▼ 63.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,791 | €41,022 | €27,053 | €27,536 | €27,474 | ▼ 0.2% |
| Other operating charges640/8 | €2,121 | €3,298 | €2,833 | €2,630 | €2,335 | ▼ 11.2% |
| Gross operating margin9900 | €98,766 | €99,633 | €73,645 | €112,624 | €122,009 | ▲ 8.3% |
| Operating profit (loss)9901 | €14,964 | -€2,541 | -€6,586 | €20,963 | €69,908 | ▲ 233% |
| Financial income75/76B | €2,853 | €2,607 | €2,863 | €3,323 | €2,813 | ▼ 15.4% |
| Recurring financial income75 | €2,853 | €2,607 | €2,863 | €3,323 | €2,813 | ▼ 15.4% |
| Financial charges65/66B | €7,809 | €4,014 | €3,491 | €3,010 | €3,135 | ▲ 4.2% |
| Recurring financial charges65 | €7,809 | €4,014 | €3,491 | €3,010 | €3,135 | ▲ 4.2% |
| Profit (loss) for the period before taxes9903 | €10,008 | -€3,948 | -€7,213 | €21,276 | €69,586 | ▲ 227% |
| Income taxes67/77 | €3,526 | €4,000 | €80 | €4,594 | €20,435 | ▲ 345% |
| Profit (loss) for the period9904 | €6,482 | -€7,948 | -€7,294 | €16,682 | €49,151 | ▲ 195% |
| Profit (loss) for the period to be appropriated9905 | €6,482 | -€7,948 | -€7,294 | €16,682 | €49,151 | ▲ 195% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €355,137 | €321,742 | €292,391 | €304,153 | €327,426 | ▲ 7.7% |
| Fixed assets21/28 | €140,926 | €110,175 | €92,336 | €64,800 | €37,326 | ▼ 42.4% |
| Tangible fixed assets22/27 | €140,601 | €109,851 | €92,011 | €64,475 | €37,001 | ▼ 42.6% |
| Land and buildings22 | €122,353 | €104,808 | €87,134 | €61,701 | €36,267 | ▼ 41.2% |
| Plant, machinery and equipment23 | €14,889 | €1,283 | €982 | €681 | €380 | ▼ 44.2% |
| Furniture and vehicles24 | €3,360 | €3,759 | €3,895 | €2,093 | €353 | ▼ 83.1% |
| Financial fixed assets28 | €325 | €325 | €325 | €325 | €325 | = |
| Current assets29/58 | €214,211 | €211,567 | €200,055 | €239,353 | €290,100 | ▲ 21.2% |
| Stocks and contracts in progress3 | €92,454 | €83,776 | €90,147 | €98,639 | €90,378 | ▼ 8.4% |
| Stocks30/36 | €92,454 | €83,776 | €90,147 | €98,639 | €90,378 | ▼ 8.4% |
| Amounts receivable within one year40/41 | €29,092 | €14,459 | €13,941 | €8,971 | €5,423 | ▼ 39.6% |
| Trade receivables40 | €479 | €3,190 | - | €5,309 | €2,408 | ▼ 54.6% |
| Other amounts receivable41 | €28,613 | €11,269 | €13,941 | €3,662 | €3,015 | ▼ 17.7% |
| Cash at bank and in hand54/58 | €92,666 | €113,332 | €95,967 | €131,743 | €194,300 | ▲ 47.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €355,137 | €321,742 | €292,391 | €304,153 | €327,426 | ▲ 7.7% |
| Equity10/15 | €144,520 | €136,572 | €129,278 | €94,948 | €120,847 | ▲ 27.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €125,920 | €117,972 | €110,678 | €76,348 | €102,247 | ▲ 33.9% |
| Non-distributable reserves130/1 | €82,605 | €82,605 | €82,605 | €48,275 | €74,174 | ▲ 53.6% |
| Reserves not available under the articles1311 | €1,860 | €82,605 | €82,605 | €48,275 | €74,174 | ▲ 53.6% |
| Other1319 | €80,745 | - | - | - | - | - |
| Distributable reserves133 | €43,315 | €35,367 | €28,073 | €28,073 | €28,073 | = |
| Amounts payable17/49 | €210,617 | €185,170 | €163,113 | €209,204 | €206,579 | ▼ 1.3% |
| Amounts payable after more than one year17 | €158,147 | €128,429 | €108,614 | €92,562 | €76,277 | ▼ 17.6% |
| Financial debts170/4 | €158,147 | €128,429 | €108,614 | €92,562 | €76,277 | ▼ 17.6% |
| Amounts payable within one year42/48 | €52,470 | €56,741 | €54,499 | €116,642 | €130,302 | ▲ 11.7% |
| Current portion of amounts payable after more than one year42 | €29,128 | €29,718 | €19,815 | €16,052 | €16,286 | ▲ 1.5% |
| Trade debts44 | €9,294 | €14,358 | €16,019 | €28,198 | €19,841 | ▼ 29.6% |
| Suppliers440/4 | €9,294 | €14,358 | €16,019 | €28,198 | €19,841 | ▼ 29.6% |
| Taxes, remuneration and social security45 | €14,048 | €12,665 | €18,665 | €29,247 | €41,941 | ▲ 43.4% |
| Taxes450/3 | €14,019 | €4,774 | €18,665 | €17,909 | €34,051 | ▲ 90.1% |
| Remuneration and social security454/9 | €29 | €7,891 | - | €11,339 | €7,890 | ▼ 30.4% |
| Other amounts payable47/48 | - | - | - | €43,145 | €52,234 | ▲ 21.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,482 | -€7,948 | -€7,294 | €16,682 | €49,151 | ▲ 195% |
| + Depreciation and write-downs630 | €41,791 | €41,022 | €27,053 | €27,536 | €27,474 | ▼ 0.2% |
| Operating cash flow (approximation) | €48,273 | €33,074 | €19,759 | €44,218 | €76,625 | ▲ 73.3% |
| Investment in fixed assets (approximation) | - | -€10,271 | -€9,213 | €0 | €0 | - |
| Change in cash | - | €20,666 | -€17,365 | €35,776 | €62,556 | ▲ 74.9% |
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
28-09
State Gazette act
Appointments: Carine Goormachtigh (statutory director) and Eline Goormachtigh (statutory director)Name change · Statutes amendment · Power of attorney10 facts ▸
- General meeting, 21-09-2026
- Name change, ELCAGO
- Director appointment, Carine Goormachtigh (statutory director)
- Director appointment, Eline Goormachtigh (statutory director)
- Statutes amendment
- Director in office, Carine Goormachtigh (statutory director)
- Director in office, Eline Goormachtigh (statutory director)
- Power of attorney
- Power of attorney, Hilde Hellemans
- Other statement, voorzitter, officer resignation
Show earlier events
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11005B0431/00A000 | Flanders | 95 m² | 1 · 95 m² | 13.5 m · 3 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Carine Goormachtigh |
|
| Eline Goormachtigh |
|
Articles of association
Full purpose (8 activities)
- Het uitbaten van een optiekzaak, kleinhandel in optische artikelen en alle aanverwante producten en in het algemeen alle verrichtingen, die rechtstreeks of onrechtstreeks met het voorwerp van de vennootschap verband houden, en/of nodig of dienstig zijn tot het verwezenlijken van haar voorwerp.
- De vennootschap mag managementactiviteiten verrichten en advies verlenen, alsook interne opdrachten uitvoeren, opleiding geven en administratieve en ondersteunende activiteiten uitvoeren, alsook diensten gerelateerd aan haar doel en voorwerp.
- Zij mag overal en op alle manieren en volgens de modaliteiten die haar het meest geschikt lijken haar doel en voorwerp verwezenlijken.
- Zij mag deelnemen, op gelijk welke wijze, aan alle bestaande of te richten vennootschappen, ondernemingen en groeperingen van welke rechtsvorm ook, zo in binnen- als in buitenland en waarvan het voorwerp gelijkaardig of gelijklopend is, voor zover deze verrichtingen rechtstreeks of onrechtstreeks verband houden met het voorwerp of de uitbreiding ervan kunnen bevorderen.
- De vennootschap mag alle roerende en onroerende goederen, materialen en benodigdheden beheren, verwerven, huren, leasen of verhuren, vervaardigen, overdragen of ruilen, en in het algemeen, alle industriële, financiële, commerciële of burgerlijke handelingen verrichten, welke rechtstreeks of onrechtstreeks in verband staan met haar voorwerp, met inbegrip van de onderaanneming in het algemeen, en de uitbating van alle intellectuele rechten en industriële of commerciële eigendommen die er betrekking op hebben. Zij mag alle roerende en onroerende goederen als investering verwerven, zelfs als deze noch rechtstreeks noch onrechtstreeks verband houden met het voorwerp van de vennootschap.
- De vennootschap mag het bestuur waarnemen en toezicht en controle uitoefenen over alle verbonden vennootschappen, met dewelke een of andere band van deelneming bestaat en mag alle leningen, van gelijk welke vorm en voor gelijk welke duur, aan deze laatsten toestaan. Zij mag bij wijze van inbreng in speciën of in natura, van fusie, inschrijving, deelneming, financiële tussenkomst of op een andere wijze, een aandeel nemen in alle bestaande of op te richten vennootschappen of bedrijven, in België of het buitenland, waarvan het voorwerp identiek, gelijkaardig of verwant is met het hare, of van aard is de uitoefening van haar voorwerp te bevorderen.
- De vennootschap mag alle roerende en onroerende verhandelingen doen die rechtstreeks of onrechtstreeks bij het voorwerp aansluiten, agentschappen en vertegenwoordigingen aannemen en waarnemen.
- De vennootschap kan functies van bestuurder of vereffenaar van andere vennootschappen uitoefenen.
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 247 EUR awarded · 247 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 247 EUR | 247 EUR |
Similar companies · same sector, comparable size
Identification & contact
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.