ELCAS
ActiveSummary
ELCAS has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €329k and a net result of €24k. Equity is growing by ~54.1% per year across the filed fiscal years. Its solvency ranks better than 83% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+5
Solvency100=
Growth78=
Track record82
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days only on tighter terms
Liquidity ample (current ratio 1.95 against 1.07 in 2024; short-term debt: 5% and cash: 8.6% of total assets), and 14.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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 2025Solvency, return and age of the figures
Solvency
85.4%
Return on assets
6.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
24 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€329k▲ 8.0%
2024 · €304k
2023: €-819lowest in 3 years
2024: €304k▲ +37238% vs 2023
2025: €329k▲ +8.0% vs 2024highest in 3 years
2023 → 2025
Total assets
€385k▲ 6.2%
2024 · €362k
2023: €43klowest in 3 years
2024: €362k▲ +742% vs 2023
2025: €385k▲ +6.2% vs 2024highest in 3 years
2023 → 2025
Net result
€24k▲ 132%
2024 · €10k
2023: €-3klowest in 3 years
2024: €10k▲ +472% vs 2023
2025: €24k▲ +132% vs 2024highest in 3 years
2023 → 2025
Working capital
€18k▲ 1,624%
2024 · €1k
2023: €-763lowest in 3 years
2024: €1k▲ +239% vs 2023
2025: €18k▲ +1624% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€-819-€304k€329k▲ 8.0%
2023: €-819lowest in 3 years
2024: €304k▲ +37238% vs 2023
2025: €329k▲ +8.0% vs 2024highest in 3 years
Operating result€-3k-€16k€38k▲ 131%
2023: €-3klowest in 3 years
2024: €16k▲ +691% vs 2023
2025: €38k▲ +131% vs 2024highest in 3 years
Net result€-3k-€10k€24k▲ 132%
2023: €-3klowest in 3 years
2024: €10k▲ +472% vs 2023
2025: €24k▲ +132% vs 2024highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 131% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €385k
Fixed assets
€347k ▲ 0.6%
Current assets
€38k ▲ 119%
Equity and liabilities €385k
Equity
€329k ▲ 8.0%
Debt
€56k ▼ 3.0%
Debt's share of the balance-sheet total falls from 16.0% to 14.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43k▲
2024 · €20k
Cash flow
€29k▲
2024 · €15k
Current ratio
1.95▲
2024 · 1.07
Debt to equity
0.17▼
2024 · 0.19
ROE
7.4%▲
2024 · 3.4%
ROA
6.3%▲
2024 · 2.9%
Interest coverage
21.58▲
2024 · 9.67
Debt ≤ 1 year
€19k▲
2024 · €16k
Debt > 1 year
€37k▼
2024 · €42k
Income taxes
€11k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€362k€385k▲
Fixed assets21/28€345k€347k▲
Tangible fixed assets22/27€51k€53k▲
Land and buildings22€47k€43k▼
Plant, machinery and equipment23€3k€7k▲
Furniture and vehicles24€768€2k▲
Financial fixed assets28€295k€295k=
Current assets29/58€17k€38k▲
Amounts receivable within one year40/41-€1k
Other amounts receivable41-€1k
Current investments50/53€749€3k▲
Cash at bank and in hand54/58€16k€33k▲
Deferred charges and accrued income490/1-€489
Equity and liabilities
Total equity and liabilities10/49€362k€385k▲
Equity10/15€304k€329k▲
Contributions10/11€297k€297k=
Reserves13€8k€32k▲
Distributable reserves133€8k€32k▲
Amounts payable17/49€58k€56k▼
Amounts payable after more than one year17€42k€37k▼
Financial debts170/4€42k€37k▼
Amounts payable within one year42/48€16k€19k▲
Current portion of amounts payable after more than one year42€4k€4k▲
Trade debts44€174€4k▲
Suppliers440/4€174€4k▲
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€4k€5k▲
Other amounts payable47/48€8k€5k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€101€682▲
Gross operating margin9900€21k€43k▲
Operating profit (loss)9901€16k€38k▲
Financial income75/76B€1€115▲
Recurring financial income75€1€110▲
Non-recurring financial income76B-€5
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Non-recurring financial charges66B€0€8▲
Profit (loss) for the period before taxes9903€14k€36k▲
Income taxes67/77€4k€11k▲
Profit (loss) for the period9904€10k€24k▲
Profit (loss) for the period to be appropriated9905€10k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€24k▲
Profit (loss) brought forward from the previous period14P€-3k€0▲
Transfer to equity691/2€8k€24k▲
To other reserves6921€8k€24k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56 | €4k | €5k | ▲ 15.8% |
| Other operating charges640/8 | - | €101 | €682 | ▲ 575% |
| Gross operating margin9900 | €-3k | €21k | €43k | ▲ 110% |
| Operating profit (loss)9901 | €-3k | €16k | €38k | ▲ 131% |
| Financial income75/76B | - | €1 | €115 | ▲ 7,742% |
| Recurring financial income75 | - | €1 | €110 | ▲ 7,400% |
| Non-recurring financial income76B | - | - | €5 | - |
| Financial charges65/66B | €24 | €2k | €2k | ▼ 6.6% |
| Recurring financial charges65 | €24 | €2k | €2k | ▼ 7.0% |
| Non-recurring financial charges66B | - | €0 | €8 | ▲ 8,360% |
| Profit (loss) for the period before taxes9903 | €-3k | €14k | €36k | ▲ 152% |
| Income taxes67/77 | €34 | €4k | €11k | ▲ 209% |
| Profit (loss) for the period9904 | €-3k | €10k | €24k | ▲ 132% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €10k | €24k | ▲ 132% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €43k | €362k | €385k | ▲ 6.2% |
| Fixed assets21/28 | €25k | €345k | €347k | ▲ 0.6% |
| Tangible fixed assets22/27 | €25k | €51k | €53k | ▲ 4.2% |
| Land and buildings22 | €25k | €47k | €43k | ▼ 7.1% |
| Plant, machinery and equipment23 | - | €3k | €7k | ▲ 130% |
| Furniture and vehicles24 | - | €768 | €2k | ▲ 184% |
| Financial fixed assets28 | - | €295k | €295k | = |
| Current assets29/58 | €18k | €17k | €38k | ▲ 119% |
| Amounts receivable within one year40/41 | - | - | €1k | - |
| Other amounts receivable41 | - | - | €1k | - |
| Current investments50/53 | - | €749 | €3k | ▲ 259% |
| Cash at bank and in hand54/58 | €4k | €16k | €33k | ▲ 101% |
| Deferred charges and accrued income490/1 | €14k | - | €489 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €43k | €362k | €385k | ▲ 6.2% |
| Equity10/15 | €-819 | €304k | €329k | ▲ 8.0% |
| Contributions10/11 | €2k | €297k | €297k | = |
| Reserves13 | - | €8k | €32k | ▲ 318% |
| Distributable reserves133 | - | €8k | €32k | ▲ 318% |
| Profit (loss) carried forward14 | €-3k | - | - | - |
| Amounts payable17/49 | €44k | €58k | €56k | ▼ 3.0% |
| Amounts payable after more than one year17 | €25k | €42k | €37k | ▼ 11.8% |
| Financial debts170/4 | €25k | €42k | €37k | ▼ 11.8% |
| Amounts payable within one year42/48 | €19k | €16k | €19k | ▲ 20.0% |
| Current portion of amounts payable after more than one year42 | - | €4k | €4k | ▲ 4.3% |
| Trade debts44 | €2k | €174 | €4k | ▲ 2,065% |
| Suppliers440/4 | €2k | €174 | €4k | ▲ 2,065% |
| Advances received on contracts in progress46 | - | - | €1k | - |
| Taxes, remuneration and social security45 | €34 | €4k | €5k | ▲ 22.8% |
| Taxes450/3 | €34 | €4k | €5k | ▲ 22.8% |
| Other amounts payable47/48 | €17k | €8k | €5k | ▼ 34.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €10k | €24k | ▲ 132% |
| + Depreciation and write-downs630 | €56 | €4k | €5k | ▲ 15.8% |
| Operating cash flow (approximation) | €-3k | €15k | €29k | ▲ 99.2% |
| Investment in fixed assets (approximation) | - | €-324k | €-7k | ▲ 97.9% |
| Change in cash | - | €12k | €17k | ▲ 35.1% |
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
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €24k ▲132%
Operating result €38k, net result €24k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
31-12
Financial
Equity above €200kEq €304k
Equity rises from €-819 to €304k.
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
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, Kampenhout · 1 establishment unit since 2023
Ground area
1,212 m²
Building footprint
143 m²
Volume, LiDAR
934 m³
Parcel 23055C0493/00L000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELCAS
since 20232.350.645.639
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23055C0493/00L000 | Flanders | 1,212 m² | 1 · 143 m² | 9.3 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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 37,595 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
Founded04-10-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.