Overdue debts
€94,696 on 31-12-2025
The annual accounts state €94,696 of overdue tax debts on 31-12-2025.
Elcee Belux
Lifetime
11 annual accounts with figures on one time axispeak €10.7m (2022)
€8.1m▼ 6.8%
lowest -€163,087 (2015)
€60,435▼ 26.8%
peak €2.3m (2025)
€2.3m▲ 2.7%
€4.7m▲ 2.5%
peak 20.3 FTE (2021)
12.7 FTE▼ 11.2%
Board5 names since 2015
2 directorsLenaerts Management & Consulting and 1 other
Owners3 names in the annual accounts
100%Elcee Group BV and 1 other
Documentsfilings and deeds
22-07-20269 days before the deadline
2025financial year
Result from €82,534 to €60,435Staff from 14.3 FTE to 12.7 FTE1 statutory auditor reappointed 22-01Investments €192,000
Key points
from the 2025 annual accountsEquity
€2.3m ▲ 2.7%
Elcee Belux has made a profit without a break since 2019.
Investments
€192,000 2.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 750.0% higher than in 2024.
Staff
12.7 FTE from 20.3 in 2021
Between 2021 and 2025, 37% of the full-time equivalents disappeared.
Payment terms
224 days to suppliers
Elcee Belux pays its suppliers 53 days later than in 2024. Customers pay 18 days earlier.
At the same address
70 companies
Checked score
65
Healthy
Financially stronger than 35% of small companies in wholesale trade (NACE 46)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025lowest value
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.9%▲ +0.4 percentage points vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.8%▼ -0.1 percentage points vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 1.6%▲ +0.8 percentage points vs 05-2026
07-2026: 1.8%▲ +0.2 percentage points vs 06-2026highest value
08-2026: 1.2%▼ -0.6 percentage points vs 07-2026
09-2026: 1.2%● unchanged vs 08-2026
10-2026: 1.2%● unchanged vs 09-2026
11-2026: 1.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.51, cash €299,114
1 change of registered office in 24 months
1 of the last 3 accounts late
lowers risk
Figures for financial year 2025 (filed on 22-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 39% of them on solvency, 20% on liquidity, 45% on profitability and 35% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,049 companies had the same profile as Elcee Belux has now. Each dot stands for 16 companies, two years later.
95.9%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
The bankruptcy probability of Elcee Belux itself is higher: 1.2% within 12 months. It rests on far more data about Elcee Belux than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,049 companies, not a prediction for Elcee Belux. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €150,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.51 (1.6 in 2024), above the usual 1.5. Short-term debt is 61.6% and cash 4.3% of total assets. However, 66.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 days early
2024
28 days early
2023
118 days late
2022
114 days late
2021
207 days late
2020
17 days early
2019
55 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 63 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 November (4 of the last 5 accounts filed within 123 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Elcee Group BV 100%annual accounts 2025
- Elcee Acquisition BV consolidatesannual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0598836923
New statutory auditor
BDO BEDRIJFSREVISOREN - BDO REVISEURS D'ENTREPRISES appointed, Ernst & Young Bedrijfsrevisoren resigned · Permanent representative: David LENAERTS · General meeting of 14-07-2026 · Gazette deed
Registered office moved within Turnhout
New registered office: Parklaan 46 / 212, 2300 Turnhout · Previous registered office: Tieblokkenlaan 8, 2300 Turnhout · Permanent representative: Bert LENAERTS · Board meeting of 22-04-2026 · Gazette deed
1 statutory auditor reappointed
Ernst & Young Bedrijfsrevisoren (statutory auditor) · Permanent representatives: Paul EELEN, Line VIVEY and Bert LENAERTS · General meeting of 25-11-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Elcee Belux Turnhout | €8.1m | 3.9% | 33.3% | 12.7 |
| ABRASERVICE BELGIUM SA Engis | €6.5m | 1.8% | 49.3% | 16.8 |
| FeNiXS STEEL Antwerp | €18.3m | 0.0% | 41.8% | 6.5 |
| FERREUM Antwerp | €21.1m | 1.5% | 29.3% | 7.4 |
| HELAXA Essen | €14.0m | 3.2% | 24.4% | 6.1 |
| HENGELHOEF CONCRETE JOINTS Genk | €13.9m | 15.0% | 28.0% | 20 |
| PFF Belgium Antwerp | €5.3m | 2.2% | 67.5% | 5.6 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Elcee Belux: wholesale trade (NACE 46820). They are comparable in size and age: total assets between €2.3m and €13m, founded between 2005 and 2012.
Official details
Source: KBO- Status
- Active since 20-02-2015Normal situation
- Registered office
- 71 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Wholesale tradeNACE 46820and 5 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 149.04Metal trade · annual accounts 2025
- Establishment units
- 2.239.823.4362300 Turnhout, since 20-02-2015
- 2.320.815.0708870 Izegem, since 01-08-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €7.0m▲ 2.6%
- Employeeson 31-12-2025
- 13▼ 13.3%
- Filing
- Filed on 22-07-2026, 9 days before the end of the filing period
Insights on Elcee Belux
Elcee Belux has existed since 2015. In 2021 turnover rose from €2.7m to €9.2m and staff from 4.7 to 20.3 full-time equivalents. On 1 August 2021 a site was added.
Turnover has fallen every year since 2022.
Elcee Group BV holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Elcee Belux
- What is the company number of Elcee Belux?
- The company number of Elcee Belux is 0598.836.923. The VAT number is the same number with BE in front: BE 0598.836.923.
- Where is Elcee Belux based?
- The registered office is at Parklaan 46, 2300 Turnhout.Company details
- What does Elcee Belux do?
- According to the KBO register, the main activity is wholesale trade (NACE 46820).
- What is the legal form of Elcee Belux?
- Elcee Belux is a private limited company (BV).
- When was Elcee Belux founded?
- Elcee Belux was founded on 20-02-2015.
- Is Elcee Belux still active?
- Yes, Elcee Belux is an active enterprise in the KBO register.
- How many employees does Elcee Belux have?
- Elcee Belux had an average of 12.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Elcee Belux fall under?
- In its 2025 annual accounts, Elcee Belux states joint committees 200 (Auxiliary committee for white-collar workers) and 149.04 (Metal trade).
- What is the turnover of Elcee Belux?
- The turnover of Elcee Belux was €8.1m in financial year 2025, according to the filed annual accounts.
- Is Elcee Belux profitable?
- In financial year 2025, Elcee Belux made a profit of €60,435.
- Where can I find the annual accounts of Elcee Belux?
- Elcee Belux filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Elcee Belux due?
- Elcee Belux must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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