ELCEE
ActiveSummary
ELCEE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €64,724 and a net result of €33,883. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 88% of 2023 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 5.17 against 7.44 in 2023; short-term debt: 18.4% and cash: 95.1% of total assets), and 18.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more 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
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 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
on the day
2022
on the day
2021
3 d early
2020
30 d late
2019
42 d late
← 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 8 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€64,724▲ 38.4%
2023 · €46,774
Total assets
€79,340▲ 49.9%
2023 · €52,912
Net result
€33,883▲ 88.2%
2023 · €18,000
Working capital
€61,020▲ 54.4%
2023 · €39,518
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€34,739▲ 127%-€26,071-€1,074▲ 95.9%€18,802€43,442▲ 131%
Net result€22,838▲ 30.7%-€26,149-€1,617▲ 93.8%€18,000€33,883▲ 88.2%
Equity€56,541▲ 67.8%€30,392▼ 46.2%€28,775▼ 5.3%€46,774▲ 62.6%€64,724▲ 38.4%
Total assets€67,556▲ 88.5%€43,291▼ 35.9%€52,948▲ 22.3%€52,912▼ 0.1%€79,340▲ 49.9%
Debt€11,014▲ 417%€12,899▲ 17.1%€24,173▲ 87.4%€6,138▼ 74.6%€14,616▲ 138%
Working capital€48,588▲ 56.3%€19,829▼ 59.2%€15,053▼ 24.1%€39,518▲ 163%€61,020▲ 54.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 131% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €79,340
Fixed assets
€3,703 ▼ 49.0%
Current assets
€75,637 ▲ 65.7%
Equity and liabilities €79,340
Equity
€64,724 ▲ 38.4%
Debt
€14,616 ▲ 138%
Debt's share of the balance-sheet total rises from 11.6% to 18.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46,995▲
2023 · €27,251
Cash flow
€37,436▲
2023 · €26,449
Current ratio
5.17▼
2023 · 7.44
Debt to equity
0.23▲
2023 · 0.13
ROE
52.4%▲
2023 · 38.5%
ROA
42.7%▲
2023 · 34.0%
Interest coverage
614.31▲
2023 · 345.03
Debt ≤ 1 year
€14,616▲
2023 · €6,138
Income taxes
€9,635▲
2023 · €789
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €413 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,533 | €3,454 | €8,414 | €8,449 | €3,553 | ▼ 57.9% |
| Other operating charges640/8 | - | €1,090 | €1,133 | €1,561 | €1,053 | ▼ 32.5% |
| Gross operating margin9900 | €38,317 | -€21,526 | €8,474 | €28,812 | €48,048 | ▲ 66.8% |
| Operating profit (loss)9901 | €34,739 | -€26,071 | -€1,074 | €18,802 | €43,442 | ▲ 131% |
| Financial income75/76B | - | €221 | €1 | €66 | €153 | ▲ 133% |
| Recurring financial income75 | €239 | €221 | €1 | €66 | €153 | ▲ 133% |
| Financial charges65/66B | - | €0 | €145 | €79 | €77 | ▼ 3.1% |
| Recurring financial charges65 | €116 | €0 | €145 | €79 | €77 | ▼ 3.1% |
| Profit (loss) for the period before taxes9903 | €34,861 | -€25,850 | -€1,218 | €18,788 | €43,518 | ▲ 132% |
| Income taxes67/77 | €12,023 | €299 | €399 | €789 | €9,635 | ▲ 1,122% |
| Profit (loss) for the period9904 | €22,838 | -€26,149 | -€1,617 | €18,000 | €33,883 | ▲ 88.2% |
| Profit (loss) for the period to be appropriated9905 | €22,838 | -€26,149 | -€1,617 | €18,000 | €33,883 | ▲ 88.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67,556 | €43,291 | €52,948 | €52,912 | €79,340 | ▲ 49.9% |
| Fixed assets21/28 | €8,290 | €10,563 | €13,722 | €7,256 | €3,703 | ▼ 49.0% |
| Tangible fixed assets22/27 | €8,240 | €10,513 | €13,672 | €7,206 | €3,653 | ▼ 49.3% |
| Land and buildings22 | - | €8,640 | €6,325 | €4,117 | €1,910 | ▼ 53.6% |
| Plant, machinery and equipment23 | - | €1,292 | €469 | €2,202 | €1,743 | ▼ 20.8% |
| Furniture and vehicles24 | - | €581 | €6,877 | €887 | - | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €59,266 | €32,728 | €39,226 | €45,656 | €75,637 | ▲ 65.7% |
| Amounts receivable within one year40/41 | €12,346 | €11,376 | €8,891 | €20,327 | - | - |
| Trade receivables40 | - | €9,649 | €1,569 | €11,931 | - | - |
| Other amounts receivable41 | - | €1,726 | €7,323 | €8,396 | - | - |
| Cash at bank and in hand54/58 | €46,570 | €21,352 | €30,335 | €25,134 | €75,427 | ▲ 200% |
| Deferred charges and accrued income490/1 | - | - | - | €195 | €209 | ▲ 7.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67,556 | €43,291 | €52,948 | €52,912 | €79,340 | ▲ 49.9% |
| Equity10/15 | €56,541 | €30,392 | €28,775 | €46,774 | €64,724 | ▲ 38.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €37,941 | €37,941 | €37,941 | €37,941 | €46,124 | ▲ 21.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €36,081 | €36,081 | €37,941 | €46,124 | ▲ 21.6% |
| Profit (loss) carried forward14 | -€20,159 | -€26,149 | -€27,766 | -€9,767 | - | - |
| Amounts payable17/49 | €11,014 | €12,899 | €24,173 | €6,138 | €14,616 | ▲ 138% |
| Amounts payable within one year42/48 | €10,677 | €12,899 | €24,173 | €6,138 | €14,616 | ▲ 138% |
| Trade debts44 | €665 | €454 | €2,316 | €153 | €634 | ▲ 313% |
| Suppliers440/4 | - | €454 | €2,316 | €153 | €634 | ▲ 313% |
| Taxes, remuneration and social security45 | - | €12,445 | €4,732 | €5,985 | €7,682 | ▲ 28.4% |
| Taxes450/3 | - | €9,883 | €4,732 | €5,985 | €7,682 | ▲ 28.4% |
| Remuneration and social security454/9 | - | €2,562 | - | - | - | - |
| Other amounts payable47/48 | - | - | €17,125 | - | €6,301 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,838 | -€26,149 | -€1,617 | €18,000 | €33,883 | ▲ 88.2% |
| + Depreciation and write-downs630 | €2,533 | €3,454 | €8,414 | €8,449 | €3,553 | ▼ 57.9% |
| Operating cash flow (approximation) | €25,371 | -€22,695 | €6,797 | €26,449 | €37,436 | ▲ 41.5% |
| Investment in fixed assets (approximation) | - | -€5,727 | -€11,573 | -€1,984 | €0 | ▲ 100% |
| Change in cash | - | -€25,217 | €8,982 | -€5,201 | €50,293 | ▲ 1,067% |
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
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €33,883 ▲88.2%
Operating result €43,442, net result €33,883, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €18,000
Net result €18,000 after 2 loss-making years.
31-12
Financial
Liquidity times 5current ratio 7.44
Current ratio from 1.62 to 7.44; short-term debt falls from €24,173 to €6,138.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€26,149
Net result drops to -€26,149, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 42 days late
2019
31-12
Financial
Back to profitnet €17,468
Net result €17,468 after one loss-making year.
31-12
Financial
Liquidity times 16current ratio 18.29
Current ratio from 1.16 to 18.29; short-term debt falls from €14,630 to €1,798.
Show earlier events
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Grobbendonk · 1 establishment unit since 2001
Ground area
709 m²
Building footprint
226 m²
Volume, LiDAR
795 m³
Parcel 13005B0016/00P002, Flanders · tallest building 5.1 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
G. Gezellelaan 4, 2288 Grobbendonk
since 20012.101.417.797
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13005B0016/00P002 | Flanders | 709 m² | 1 · 226 m² | 5.1 m · 1 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 465 companies in sector 77392 we hold annual accounts for 165. 141 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 (pre-2019)
Founded20-07-2001
Fiscal year end31-12
Activities, NACEBEL 2025
77392Rental and leasing activities
56210Event catering
74140Other specialised design activities
74201Photography, excluding press photography
82300Organisation of conventions and trade shows
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475359386
Registered
18-05-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.