Summary
ELCEY 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 €416,737 and a net result of €27,819. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 88% of 2464 sector peers (fiscal year 2025). The company has been active since 2004 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
1 signal. The signal on the left, the evidence on the right.
○neutral
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 · 10 filingsDeviation from the deadline
2025
1 d early
2024
28 d late
2023
29 d late
2022
31 d late
2021
29 d late
2020
27 d late
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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 29 August (5 of the last 5 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
€416,737▲ 7.2%
2024 · €388,918
Net result
€27,819▼ 1.2%
2024 · €28,153
Total assets
€465,839▲ 4.2%
2024 · €446,874
Solvency
89.5%▲ 2.4pp
2024 · 87.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, 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
Line20212022202320242025
Operating result€152,831▲ 6,768%€19,062▼ 87.5%-€17,778€45,304€45,726▲ 0.9%
Net result€104,675above the sector's middle half€8,511within the sector's middle half▼ 91.9%-€23,538below the sector's middle half€28,153within the sector's middle half€27,819within the sector's middle half▼ 1.2%
Equity€375,793above the sector's middle half▲ 38.6%€384,304above the sector's middle half▲ 2.3%€360,766above the sector's middle half▼ 6.1%€388,918above the sector's middle half▲ 7.8%€416,737above the sector's middle half▲ 7.2%
Total assets€479,603within the sector's middle half▲ 25.8%€525,312within the sector's middle half▲ 9.5%€447,026within the sector's middle half▼ 14.9%€446,874within the sector's middle half=€465,839within the sector's middle half▲ 4.2%
Debt€103,810▼ 5.8%€141,008▲ 35.8%€86,261▼ 38.8%€57,956▼ 32.8%€49,102▼ 15.3%
Working capital€327,989above the sector's middle half▲ 45.5%€321,871above the sector's middle half▼ 1.9%€303,126above the sector's middle half▼ 5.8%€345,195above the sector's middle half▲ 13.9%€392,777above the sector's middle half▲ 13.8%
Solvency78.4%above the sector's middle half▲ 7.2pp73.2%within the sector's middle half▼ 5.2pp80.7%above the sector's middle half▲ 7.5pp87.0%above the sector's middle half▲ 6.3pp89.5%above the sector's middle half▲ 2.4pp
Current ratio6.84above the sector's middle half▲ 1.634.05above the sector's middle half▼ 2.786.21above the sector's middle half▲ 2.169.06above the sector's middle half▲ 2.859.00above the sector's middle half▼ 0.06
Return on assets (ROA)21.8%above the sector's middle half▲ 22.2pp1.6%within the sector's middle half▼ 20.2pp-5.3%below the sector's middle half▼ 6.9pp6.3%within the sector's middle half▲ 11.6pp6.0%within the sector's middle half▼ 0.3pp
Staff (FTE)2.6▼ 7.1%2.1▼ 19.2%2.3▲ 9.5%3.1▲ 34.8%3▼ 3.2%
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, 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 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €465,839
Fixed assets
€23,960 ▼ 59.3%
Current assets
€441,879 ▲ 13.9%
Equity and liabilities €465,839
Equity
€416,737 ▲ 7.2%
Debt
€49,102 ▼ 15.3%
Debt's share of the balance-sheet total falls from 13.0% to 10.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
6.7%▼
2024 · 7.2%
Debt ≤ 1 year
€49,102▲
2024 · €42,810
Debt > 1 year
€0▼
2024 · €14,460
Income taxes
€14,887▲
2024 · €11,744
Staff costs
€199,825▲
2024 · €171,552
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2,000 | €21,500 | €37,240 | €0 | €10,778 | - |
| Remuneration, social security and pensions62 | €140,864 | €128,931 | €149,520 | €171,552 | €199,825 | ▲ 16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,559 | €24,194 | €22,137 | €26,904 | €22,816 | ▼ 15.2% |
| Other operating charges640/8 | €2,562 | €4,300 | €999 | €1,106 | €1,557 | ▲ 40.8% |
| Non-recurring operating charges66A | - | - | €4,749 | €0 | €6,213 | - |
| Gross operating margin9900 | €316,816 | €176,487 | €159,628 | €244,867 | €276,138 | ▲ 12.8% |
| Operating profit (loss)9901 | €152,831 | €19,062 | -€17,778 | €45,304 | €45,726 | ▲ 0.9% |
| Financial income75/76B | €500 | €32 | €868 | €1,075 | €2,111 | ▲ 96.4% |
| Recurring financial income75 | €500 | €32 | €868 | €1,075 | €2,111 | ▲ 96.4% |
| Financial charges65/66B | €4,874 | €3,100 | €6,079 | €6,482 | €5,131 | ▼ 20.8% |
| Recurring financial charges65 | €4,874 | €3,100 | €6,079 | €6,482 | €5,131 | ▼ 20.8% |
| Profit (loss) for the period before taxes9903 | €148,457 | €15,994 | -€22,989 | €39,897 | €42,706 | ▲ 7.0% |
| Income taxes67/77 | €43,782 | €7,483 | €549 | €11,744 | €14,887 | ▲ 26.8% |
| Profit (loss) for the period9904 | €104,675 | €8,511 | -€23,538 | €28,153 | €27,819 | ▼ 1.2% |
| Profit (loss) for the period to be appropriated9905 | €104,675 | €8,511 | -€23,538 | €28,153 | €27,819 | ▼ 1.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €479,603 | €525,312 | €447,026 | €446,874 | €465,839 | ▲ 4.2% |
| Fixed assets21/28 | €95,413 | €97,999 | €85,774 | €58,869 | €23,960 | ▼ 59.3% |
| Tangible fixed assets22/27 | €95,188 | €97,774 | €85,549 | €58,644 | €23,735 | ▼ 59.5% |
| Plant, machinery and equipment23 | €220 | €0 | - | - | - | - |
| Furniture and vehicles24 | €8,556 | €24,017 | €25,939 | €18,762 | €1,590 | ▼ 91.5% |
| Other tangible fixed assets26 | €86,412 | €73,756 | €59,610 | €39,883 | €22,146 | ▼ 44.5% |
| Financial fixed assets28 | €225 | €225 | €225 | €225 | €225 | = |
| Current assets29/58 | €384,191 | €427,313 | €361,253 | €388,005 | €441,879 | ▲ 13.9% |
| Amounts receivable within one year40/41 | €53,576 | €55,795 | €63,613 | €78,721 | €54,842 | ▼ 30.3% |
| Trade receivables40 | €53,084 | €33,278 | €33,902 | €40,432 | €40,517 | ▲ 0.2% |
| Other amounts receivable41 | €492 | €22,517 | €29,711 | €38,289 | €14,325 | ▼ 62.6% |
| Current investments50/53 | €51,101 | €51,101 | €51,101 | €51,101 | €51,101 | = |
| Cash at bank and in hand54/58 | €276,340 | €285,640 | €241,222 | €256,477 | €333,861 | ▲ 30.2% |
| Deferred charges and accrued income490/1 | €3,175 | €34,778 | €5,317 | €1,706 | €2,075 | ▲ 21.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €479,603 | €525,312 | €447,026 | €446,874 | €465,839 | ▲ 4.2% |
| Equity10/15 | €375,793 | €384,304 | €360,766 | €388,918 | €416,737 | ▲ 7.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €278,215 | €286,726 | €286,726 | €314,878 | €342,697 | ▲ 8.8% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €276,355 | €284,866 | €286,726 | €314,878 | €342,697 | ▲ 8.8% |
| Profit (loss) carried forward14 | €91,378 | €91,378 | €67,840 | €67,840 | €67,840 | = |
| Amounts payable17/49 | €103,810 | €141,008 | €86,261 | €57,956 | €49,102 | ▼ 15.3% |
| Amounts payable after more than one year17 | €45,864 | €35,566 | €25,099 | €14,460 | €0 | ▼ 100% |
| Financial debts170/4 | €45,864 | €35,566 | €25,099 | €14,460 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €56,201 | €105,442 | €58,127 | €42,810 | €49,102 | ▲ 14.7% |
| Current portion of amounts payable after more than one year42 | €10,130 | €10,297 | €10,467 | €11,491 | €15,374 | ▲ 33.8% |
| Trade debts44 | €5,748 | €45,369 | €13,738 | €4,375 | €595 | ▼ 86.4% |
| Suppliers440/4 | €5,748 | €45,369 | €13,738 | €4,375 | €595 | ▼ 86.4% |
| Taxes, remuneration and social security45 | €31,166 | €42,537 | €25,963 | €17,786 | €22,557 | ▲ 26.8% |
| Taxes450/3 | €18,674 | €18,674 | €0 | - | - | - |
| Remuneration and social security454/9 | €12,492 | €23,862 | €25,963 | €17,786 | €22,557 | ▲ 26.8% |
| Other amounts payable47/48 | €9,156 | €7,239 | €7,959 | €9,158 | €10,576 | ▲ 15.5% |
| Accrued charges and deferred income492/3 | €1,746 | €0 | €3,034 | €686 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €104,675 | €8,511 | -€23,538 | €28,153 | €27,819 | ▼ 1.2% |
| + Depreciation and write-downs630 | €20,559 | €24,194 | €22,137 | €26,904 | €22,816 | ▼ 15.2% |
| Operating cash flow (approximation) | €125,234 | €32,705 | -€1,401 | €55,057 | €50,635 | ▼ 8.0% |
| Investment in fixed assets (approximation) | - | -€26,780 | -€9,912 | €0 | €12,093 | - |
| Change in cash | - | €9,300 | -€44,417 | €15,255 | €77,384 | ▲ 407% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €28,153
Net result €28,153 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€23,538
Net result drops to -€23,538, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €104,675
Net result €104,675 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Houthalen-Helchteren · 1 establishment unit since 2004
Ground area
910 m²
Building footprint
166 m²
Volume, LiDAR
942 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ARGENTA
since 20042.139.172.870
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71029B2078/00R004 | Flanders | 540 m² | 1 · 166 m² | 9.3 m · 2 fl. |
| 72015A1082/00H000 | Flanders | 371 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2022 · 1 entry · 135 EUR awarded · 135 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 135 EUR | 135 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
984500EY775CEB9FE517
Similar companies · same sector, comparable size
FinO2
BE 0707.598.271
Lier · Eq €416,804
WITTOUCK IZEGEM
BE 0478.679.558
Izegem · Eq €418,758
Mabeco
BE 0696.921.541
Schilde · Eq €419,912
STABA
BE 0792.274.620
Kalmthout · Eq €420,109
MAXSUR
BE 0548.740.480
Berlaar · Eq €413,215
Of 1,682 companies in sector 66191 we hold annual accounts for 1,230. 1,035 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
Founded14-07-2004
Fiscal year end31-12
Activities, NACEBEL 2025
66191Agents and brokers in banking services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0866358369
Also
9925:BE0866358369
Registered
17-12-2025
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.