Summary
ELCLA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €207k and a net result of €71k. Equity is growing by ~21.2% per year across the filed fiscal years. Its solvency ranks better than 31% of 9863 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
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. That is why we show no financial axes either.
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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 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
29 d late
2022
66 d early
2021
37 d early
2020
36 d early
2019
11 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€207k▲ 14.4%
2023 · €181k
Net result
€71k▼ 24.3%
2023 · €94k
Total assets
€648k▲ 3.4%
2023 · €627k
Solvency
31.9%▲ 3.1pp
2023 · 28.8%
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€64k▼ 10.7%€59k▼ 8.1%€68k▲ 15.0%€139k▲ 106%€118k▼ 15.4%
Net result€49k▼ 11.6%€47k▼ 3.4%€47k▲ 0.9%€94k▲ 97.9%€71k▼ 24.3%
Equity€116k▲ 72.1%€119k▲ 2.8%€127k▲ 6.3%€181k▲ 42.5%€207k▲ 14.4%
Total assets€195k▲ 30.2%€213k▲ 9.2%€351k▲ 65.1%€627k▲ 78.4%€648k▲ 3.4%
Debt€79k▼ 4.1%€94k▲ 18.8%€225k▲ 140%€446k▲ 98.6%€441k▼ 1.1%
Working capital€100k▲ 85.4%€52k▼ 47.7%€-40k€-51k▼ 28.9%€-36k▲ 30.1%
Solvency59.6%▲ 14.5pp56.1%▼ 3.5pp36.1%▼ 20.0pp28.8%▼ 7.3pp31.9%▲ 3.1pp
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 15% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €648k
Fixed assets
€572k ▲ 3.0%
Current assets
€76k ▲ 6.9%
Equity and liabilities €648k
Equity
€207k ▲ 14.4%
Debt
€441k ▼ 1.1%
Debt's share of the balance-sheet total falls from 71.2% to 68.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
34.4%▼
2023 · 52.0%
ROA
11.0%▼
2023 · 15.0%
Debt ≤ 1 year
€112k▼
2023 · €123k
Debt > 1 year
€318k=
2023 · €318k
Income taxes
€26k▼
2023 · €32k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €12k | €24k | €24k | €32k | ▲ 35.9% |
| Other operating charges640/8 | - | €2k | €2k | €1k | €2k | ▲ 44.6% |
| Gross operating margin9900 | €75k | €73k | €93k | €164k | €152k | ▼ 7.5% |
| Operating profit (loss)9901 | €64k | €59k | €68k | €139k | €118k | ▼ 15.4% |
| Financial income75/76B | - | €260 | €1 | €0 | - | - |
| Recurring financial income75 | - | €260 | €1 | €0 | - | - |
| Financial charges65/66B | - | €721 | €601 | €13k | €20k | ▲ 53.0% |
| Recurring financial charges65 | €790 | €721 | €601 | €13k | €20k | ▲ 53.0% |
| Profit (loss) for the period before taxes9903 | €63k | €58k | €67k | €126k | €97k | ▼ 22.6% |
| Income taxes67/77 | €14k | €11k | €19k | €32k | €26k | ▼ 17.5% |
| Profit (loss) for the period9904 | €49k | €47k | €47k | €94k | €71k | ▼ 24.3% |
| Profit (loss) for the period to be appropriated9905 | €49k | €47k | €47k | €94k | €71k | ▼ 24.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €195k | €213k | €351k | €627k | €648k | ▲ 3.4% |
| Fixed assets21/28 | €31k | €70k | €281k | €556k | €572k | ▲ 3.0% |
| Tangible fixed assets22/27 | €31k | €70k | €62k | €122k | €90k | ▼ 26.5% |
| Plant, machinery and equipment23 | - | - | - | €1k | €793 | ▼ 23.6% |
| Furniture and vehicles24 | - | €21k | €10k | €82k | €64k | ▼ 22.7% |
| Other tangible fixed assets26 | - | €50k | €52k | €39k | €25k | ▼ 34.6% |
| Financial fixed assets28 | - | - | €219k | €434k | €482k | ▲ 11.2% |
| Current assets29/58 | €164k | €143k | €71k | €71k | €76k | ▲ 6.9% |
| Amounts receivable within one year40/41 | €68k | €60k | €43k | €56k | €56k | ▼ 0.9% |
| Trade receivables40 | - | €58k | €43k | €56k | €56k | ▼ 0.9% |
| Other amounts receivable41 | - | €2k | €0 | - | - | - |
| Cash at bank and in hand54/58 | €96k | €81k | €28k | €15k | €20k | ▲ 34.1% |
| Deferred charges and accrued income490/1 | - | €2k | €0 | €135 | €448 | ▲ 231% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €195k | €213k | €351k | €627k | €648k | ▲ 3.4% |
| Equity10/15 | €116k | €119k | €127k | €181k | €207k | ▲ 14.4% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €104k | €97k | €104k | €154k | €180k | ▲ 16.9% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | - | - |
| Other1319 | - | - | - | - | €0 | - |
| Distributable reserves133 | - | €95k | €102k | €152k | €180k | ▲ 18.4% |
| Profit (loss) carried forward14 | - | €4k | €4k | €8k | €8k | = |
| Amounts payable17/49 | €79k | €94k | €225k | €446k | €441k | ▼ 1.1% |
| Amounts payable after more than one year17 | €15k | €3k | €114k | €318k | €318k | = |
| Financial debts170/4 | - | €3k | €114k | €318k | €318k | = |
| Amounts payable within one year42/48 | €64k | €91k | €111k | €123k | €112k | ▼ 8.6% |
| Current portion of amounts payable after more than one year42 | - | €12k | €12k | €42k | €44k | ▲ 3.9% |
| Trade debts44 | €2k | €20k | €2k | €9k | €2k | ▼ 73.2% |
| Suppliers440/4 | - | €20k | €2k | €9k | €2k | ▼ 73.2% |
| Taxes, remuneration and social security45 | - | €9k | €25k | €24k | €10k | ▼ 60.4% |
| Taxes450/3 | - | €9k | €24k | €23k | €9k | ▼ 63.0% |
| Remuneration and social security454/9 | - | - | €1k | €1k | €1k | = |
| Other amounts payable47/48 | - | €50k | €72k | €48k | €57k | ▲ 18.8% |
| Accrued charges and deferred income492/3 | - | - | - | €6k | €11k | ▲ 102% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49k | €47k | €47k | €94k | €71k | ▼ 24.3% |
| + Depreciation and write-downs630 | €10k | €12k | €24k | €24k | €32k | ▲ 35.9% |
| Operating cash flow (approximation) | €59k | €59k | €71k | €118k | €103k | ▼ 12.2% |
| Investment in fixed assets (approximation) | - | €-51k | €-234k | €-298k | €-49k | ▲ 83.7% |
| Change in cash | - | €-15k | €-53k | €-13k | €5k | ▲ 139% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2026
28-07
State Gazette act
General meeting · Director appointment
Permanent representative · Board meeting
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €207k ▲14.4%
6 profitable years in a row build equity to €207k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2019net €94k ▲97.9%
Operating result €139k, net result €94k, both a record.
31-12
Financial
Equity above €150kEq €181k ▲42.5%
5 profitable years in a row build equity to €181k.
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €47k ▼3.4%
Net result drops to €47k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €116k ▲72.1%
2 profitable years in a row build equity to €116k.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Damme · 1 establishment unit since 2018
Ground area
992 m²
Building footprint
287 m²
Volume, LiDAR
1,527 m³
Parcel 31026C0698/00R000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ELCLA
since 20182.282.372.584
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31026C0698/00R000 | Flanders | 992 m² | 1 · 287 m² | 9.2 m · 2 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.
Structure & network
Connections & network
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This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 13,526 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
Founded04-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.