Summary
ELCEGO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2,000 and a net result of €96,268. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 8094 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 8094 sector peers (2025).
NBB · sector comparisonPosition among 8094 sector peers
Solvency
better than 10%
← weakest
strongest →
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 23-02-2026, 158 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
158 d early
2024
31 d early
2023
15 d early
2022
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 54 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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. Usually files around 9 July (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money What changed in the latest annual accounts?What changed
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
Equity
€2,000▼ 98.9%
2024 · €187,504
Net result
€96,268▲ 12.9%
2024 · €85,280
Total assets
€116,372▼ 51.0%
2024 · €237,300
Solvency
1.7%▼ 77.3pp
2024 · 79.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€67,388-€63,407▼ 5.9%€108,588▲ 71.3%€117,651▲ 8.3%
Net result€52,953within the sector's middle half-€47,270within the sector's middle half▼ 10.7%€85,280above the sector's middle half▲ 80.4%€96,268above the sector's middle half▲ 12.9%
Equity€54,953within the sector's middle half-€102,223within the sector's middle half▲ 86.0%€187,504within the sector's middle half▲ 83.4%€2,000below the sector's middle half▼ 98.9%
Total assets€81,269below the sector's middle half-€130,220within the sector's middle half▲ 60.2%€237,300within the sector's middle half▲ 82.2%€116,372below the sector's middle half▼ 51.0%
Debt€26,316-€27,997▲ 6.4%€49,796▲ 77.9%€114,372▲ 130%
Working capital€45,836within the sector's middle half-€86,115within the sector's middle half▲ 87.9%€176,942above the sector's middle half▲ 105%-€73,081below the sector's middle half
Solvency67.6%within the sector's middle half-78.5%above the sector's middle half▲ 10.9pp79.0%above the sector's middle half▲ 0.5pp1.7%below the sector's middle half▼ 77.3pp
Current ratio2.74within the sector's middle half-4.08within the sector's middle half▲ 1.334.55above the sector's middle half▲ 0.480.36below the sector's middle half▼ 4.19
Return on assets (ROA)65.2%above the sector's middle half-36.3%above the sector's middle half▼ 28.9pp35.9%above the sector's middle half▼ 0.4pp82.7%above the sector's middle half▲ 46.8pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €116,372
Fixed assets
€75,322 ▲ 613%
Current assets
€41,049 ▼ 81.9%
Equity and liabilities €116,372
Equity
€2,000 ▼ 98.9%
Debt
€114,372 ▲ 130%
Debt's share of the balance-sheet total rises from 21.0% to 98.3%. Equity is lower and debt is higher.
Key figures and ratios
Debt ≤ 1 year
€114,130▲
2024 · €49,796
Income taxes
€26,712▲
2024 · €23,953
A ratio outside any meaningful range has been withheld (balance sheet total €116,372, equity €2,000).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €712 | €3,751 | €5,546 | €7,317 | ▲ 31.9% |
| Other operating charges640/8 | €291 | €173 | €182 | €585 | ▲ 222% |
| Gross operating margin9900 | €68,391 | €67,330 | €114,317 | €125,553 | ▲ 9.8% |
| Operating profit (loss)9901 | €67,388 | €63,407 | €108,588 | €117,651 | ▲ 8.3% |
| Financial income75/76B | - | - | €1,629 | €5,992 | ▲ 268% |
| Recurring financial income75 | - | - | €1,629 | €5,992 | ▲ 268% |
| Financial charges65/66B | €667 | €956 | €984 | €662 | ▼ 32.8% |
| Recurring financial charges65 | €667 | €956 | €984 | €662 | ▼ 32.8% |
| Profit (loss) for the period before taxes9903 | €66,721 | €62,451 | €109,233 | €122,981 | ▲ 12.6% |
| Income taxes67/77 | €13,768 | €15,180 | €23,953 | €26,712 | ▲ 11.5% |
| Profit (loss) for the period9904 | €52,953 | €47,270 | €85,280 | €96,268 | ▲ 12.9% |
| Profit (loss) for the period to be appropriated9905 | €52,953 | €47,270 | €85,280 | €96,268 | ▲ 12.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €81,269 | €130,220 | €237,300 | €116,372 | ▼ 51.0% |
| Fixed assets21/28 | €9,117 | €16,108 | €10,562 | €75,322 | ▲ 613% |
| Tangible fixed assets22/27 | €9,117 | €16,108 | €10,562 | €75,322 | ▲ 613% |
| Furniture and vehicles24 | €9,117 | €16,108 | €10,562 | €75,322 | ▲ 613% |
| Current assets29/58 | €72,152 | €114,112 | €226,738 | €41,049 | ▼ 81.9% |
| Amounts receivable within one year40/41 | €18,406 | €24,619 | €20,570 | €39,066 | ▲ 89.9% |
| Trade receivables40 | €18,406 | €24,619 | €20,570 | €39,066 | ▲ 89.9% |
| Current investments50/53 | - | €42,500 | €73,007 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €51,732 | €46,123 | €131,732 | €936 | ▼ 99.3% |
| Deferred charges and accrued income490/1 | €2,014 | €871 | €1,430 | €1,047 | ▼ 26.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €81,269 | €130,220 | €237,300 | €116,372 | ▼ 51.0% |
| Equity10/15 | €54,953 | €102,223 | €187,504 | €2,000 | ▼ 98.9% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €52,953 | €100,223 | €185,504 | €0 | ▼ 100% |
| Distributable reserves133 | €52,953 | €100,223 | €185,504 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | - | €0 | - |
| Amounts payable17/49 | €26,316 | €27,997 | €49,796 | €114,372 | ▲ 130% |
| Amounts payable within one year42/48 | €26,316 | €27,997 | €49,796 | €114,130 | ▲ 129% |
| Trade debts44 | €378 | €4,401 | €839 | €2,993 | ▲ 257% |
| Suppliers440/4 | €378 | €4,401 | €839 | €2,993 | ▲ 257% |
| Taxes, remuneration and social security45 | €25,938 | €23,517 | €48,775 | €27,664 | ▼ 43.3% |
| Taxes450/3 | €25,938 | €23,517 | €48,775 | €27,664 | ▼ 43.3% |
| Other amounts payable47/48 | - | €79 | €183 | €83,473 | ▲ 45,586% |
| Accrued charges and deferred income492/3 | - | - | - | €241 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,953 | €47,270 | €85,280 | €96,268 | ▲ 12.9% |
| + Depreciation and write-downs630 | €712 | €3,751 | €5,546 | €7,317 | ▲ 31.9% |
| Operating cash flow (approximation) | €53,664 | €51,021 | €90,827 | €103,585 | ▲ 14.0% |
| Investment in fixed assets (approximation) | - | -€10,742 | €0 | -€72,078 | - |
| Change in cash | - | -€5,609 | €85,609 | -€130,796 | ▼ 253% |
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
23-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €96,268 ▲12.9%
Operating result €117,651, net result €96,268, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €187,504 ▲83.4%
3 profitable years in a row build equity to €187,504.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €47,270 ▼10.7%
Net result drops to €47,270, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100,000Eq €102,223 ▲86%
2 profitable years in a row build equity to €102,223.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Mortsel · 1 establishment unit since 2022
Ground area
404 m²
Building footprint
96 m²
Volume, LiDAR
622 m³
Parcel 11513C0236/00K003, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ELCEGO
since 20222.329.607.032
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0236/00K003 | Flanders | 404 m² | 1 · 96 m² | 11.1 m · 3 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 227 EUR awarded · 227 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 227 EUR | 227 EUR |
Similar companies · same sector, comparable size
Make It So
BE 0627.723.820
Sint-Katelijne-Waver · Eq €2,000
PYCK CONSULT
BE 0727.410.423
Antwerpen · Eq €2,000
SERAPH CONSULTING
BE 0730.828.583
Kapellen · Eq €2,000
BB-Construct
BE 0731.881.628
Herentals · Eq €2,000
K. KERSTENS
BE 0740.650.230
Wuustwezel · Eq €2,000
Of 24,728 companies in sector 64210 we hold annual accounts for 19,800. 1,682 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
Founded29-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
63920Other information service activities
70200Business and other management consultancy
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0783944991
Also
9925:BE0783944991
Registered
09-09-2025
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.