ELCO GROUP MULTISERVICES
BankruptcySummary
The KBO register records for ELCO GROUP MULTISERVICES the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2022 annual accounts show equity of €70k and a net result of €20k.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 03-07-2023, 28 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
28 d early
2021
75 d late
2020
289 d late
2019
9 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€70k▲ 40.4%
2021 · €50k
2020: €62k
2021: €50k
2020 → 2022
Total assets
€138k▼ 4.8%
2021 · €145k
2020: €162k
2021: €145k
2020 → 2022
Net result
€20k
2021 · €-12k
2020: €15k
2021: €-12k
2020 → 2022
Working capital
€12k▼ 66.3%
2021 · €34k
2020: €43k
2021: €34k
2020 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202020212022Trend
Equity€62k-€50k▼ 19.4%€70k▲ 40.4%
Operating result€16k-€-3k€20k
Net result€15k-€-12k€20k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €20k after a loss of €3k in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €138k
Fixed assets
€67k ▲ 74.5%
Current assets
€71k ▼ 33.4%
Equity and liabilities €138k
Equity
€70k ▲ 40.4%
Debt
€68k ▼ 28.3%
Debt's share of the balance-sheet total falls from 65.7% to 49.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38k▲
2021 · €14k
Cash flow
€38k▲
2021 · €5k
Current ratio
1.19▼
2021 · 1.47
Debt to equity
0.98▼
2021 · 1.92
ROE
28.8%▲
2021 · -24.1%
ROA
14.5%▲
2021 · -8.2%
Debt ≤ 1 year
€59k▼
2021 · €72k
Debt > 1 year
€9k▼
2021 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 42 lines
Balance sheet
Code20212022
Assets
Total assets20/58€145k€138k▼
Fixed assets21/28€38k€67k▲
Tangible fixed assets22/27€38k€37k▼
Furniture and vehicles24€38k€37k▼
Financial fixed assets28-€30k
Current assets29/58€107k€71k▼
Amounts receivable within one year40/41€107k€71k▼
Trade receivables40€107k€71k▼
Equity and liabilities
Total equity and liabilities10/49€145k€138k▼
Equity10/15€50k€70k▲
Contributions10/11€18k€18k=
Capital10€18k€18k=
Issued capital100€19k€19k=
Uncalled capital101€761€761=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€30k€50k▲
Amounts payable17/49€95k€68k▼
Amounts payable after more than one year17€23k€9k▼
Financial debts170/4€23k€9k▼
Amounts payable within one year42/48€72k€59k▼
Current portion of amounts payable after more than one year42€12k€3k▼
Financial debts43€14k€14k=
Credit institutions430/8€14k€14k=
Trade debts44€176-
Suppliers440/4€176-
Taxes, remuneration and social security45€44k€42k▼
Taxes450/3€44k€42k▼
Other amounts payable47/48€2k-
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€18k▲
Non-recurring operating charges66A-€36k
Gross operating margin9900€14k€73k▲
Operating profit (loss)9901€-3k€20k▲
Financial charges65/66B€2k-
Recurring financial charges65€2k-
Profit (loss) for the period before taxes9903€-5k€20k▲
Income taxes67/77€7k-
Profit (loss) for the period9904€-12k€20k▲
Profit (loss) for the period to be appropriated9905€-12k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€30k€50k▲
Profit (loss) brought forward from the previous period14P€42k€30k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
16-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 289 days late
2021
31-12
Financial
Weakest financial yearnet €-12k ▼181%
Net result drops to €-12k, the lowest in the series.
2020
09-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 9 days late
2019
12-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Ukkel · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Alsembergsesteenweg 8971180 UkkelGround area
1,355 m²
Building footprint
831 m²
Volume, LiDAR
16,076 m³
2 parcels, Brussels · tallest building 29.5 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Elco Group Multiservices
since 20172.271.690.411
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21905C0090/02V013 | Brussels | 1,008 m² | 1 · 502 m² | 29.5 m · 9 fl. |
| 21616A0121/00Y002 | Brussels | 347 m² | 1 · 329 m² | 17.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 13,230 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded11-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@elcogroup.be