Active BE 0872.712.562Private limited company

ELCHAR

Nonnenbos(BRA) 53 ·2880 Bornem, Belgium· 21 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

ELCHAR 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 €403k and a net result of €1k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 70% of 5424 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€403k
Net result	€1k
Better than sector	70%
Active	21 yrs

Financial profile 4 of 5 axes measured · computed by Checked

55 / 100

Mixed profile: strong on stability, weaker on profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 2

Solvency 67

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2005, 21 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health 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.

Financial overview20 NBB filings

Annual accounts filed on 29-12-2025 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 5 fiscal years (±2%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	73.6%	51.8%	better than 70% of 5424 sector peers
Net result	€1k	€53k	better than 21% of 5425 sector peers
Equity	€403k	€622k	better than 40% of 5425 sector peers
Gross operating margin	€1k	€87k	better than 15% of 5421 sector peers
Total assets	€548k	€1.54M	better than 23% of 5425 sector peers

Net profit

€1k

- 21-25

Total assets

€548k

-0.1% 21-25

Equity

€403k

+0.4% 21-25

Income taxes

€0

-100.0% 21-25

Dividends

€0

-100.0% 21-25

Debt

€145k

-1.2% 21-25

Debt ≤ 1y

€145k

-1.2% 21-25

Solvency

73.6%

+0.4% 21-25

ROE

0.4%

- 21-25

ROA

0.3%

- 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	n/a	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a	n/a
Net profit	€1k	€-2k	€30k	€53k	€45k
Cash flow	n/a	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-	-
Income taxes	-	€0	€2k	€102	€375
Dividends	-	€0	€15k	€30k	€35k
Total assets	€548k	€548k	€548k	€549k	€565k
Equity	€403k	€402k	€404k	€389k	€366k
Debt	€145k	€147k	€144k	€160k	€199k
of which ≤ 1y	€145k	€147k	€144k	€160k	€199k
of which > 1y	-	-	-	-	-
Working capital	n/a	n/a	n/a	n/a	n/a
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	n/a	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a	n/a
Solvency	73.6%	73.3%	73.7%	70.8%	64.7%
Debt / equity	n/a	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a	n/a
ROA	0.3%	-0.4%	5.5%	9.7%	8.0%
ROE	0.4%	-0.6%	7.4%	13.7%	12.3%
EBITDA margin	n/a	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a	n/a

Balance-sheet composition 2025

Assets

Fixed assets €547k · 99.9% Current assets €584 · 0.1%

Equity & liabilities

Equity €403k · 73.6% Debt €145k · 26.4%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€548k	€548k	€548k	€549k	€565k
Fixed assets	21/28	€547k	€547k	€547k	€547k	€547k
Financial fixed assets	28	€547k	€547k	€547k	€547k	€547k
Current assets	29/58	€584	€913	€887	€2k	€18k
Amounts receivable within one year	40/41	-	-	€0	€455	€16k
Cash & bank	54/58	€584	€913	€887	€1k	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€548k	€548k	€548k	€549k	€565k
Equity	10/15	€403k	€402k	€404k	€389k	€366k
Contributions / capital	10/11	€125k	€125k	€125k	€125k	-
Reserves	13	€278k	€277k	€279k	€264k	€241k
Accumulated profits (losses)	14	-	€0	€0	€0	-
Amounts payable	17/49	€145k	€147k	€144k	€160k	€199k
Amounts payable within one year	42/48	€145k	€147k	€144k	€160k	€199k
Trade debts payable within one year	44	€821	€350	€350	€350	€350
Income statement
Gross operating margin	9900	€1k	€-2k	€138	€292	€498
Operating result	9901	€779	€-2k	€-311	€-157	€50
Financial income	75	€998	€0	€32k	€54k	€46k
Financial charges	65	€329	€324	€324	€293	€201
Result before taxes	9903	€1k	€-2k	€32k	€53k	€45k
Income taxes	67/77	-	€0	€2k	€102	€375
Net result for the period	9904	€1k	€-2k	€30k	€53k	€45k
Result to be appropriated	9905	€1k	€-2k	€30k	€53k	€45k

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Private limited company(610)
Incorporation	24-03-2005
Status	Active
Postal code	2880

Establishment units 1 location

ELCHAR

Nonnenbos(BRA) 53, 2880 BornemNACE 7012001

since 20052.146.545.761

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12362H0501/00Z000	Flanders	2,616 m²	1 · 296 m²	6.0 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-01-2027

2025

29-12

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

30-06

Financial Back to profitnet €1k

Net result €1k after one loss-making year.

2024

30-12

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

30-06

Financial Weakest financial yearnet €-2k ▼108%

Net result drops to €-2k, the lowest in the series; recovery starts the following year.

2023

21-12

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2022

23-12

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

30-06

Financial Highest result since 2021net €53k ▲18.2%

Net result €53k, the highest in the series.

2021

23-12

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2020

21-12

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

06-01

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

16-01

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2017

19-12

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2016

19-12

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 2 acts read

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.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies64210

Names & trade names

Legal nameNL

ELCHAR

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