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Generated 13-08-2026
Active BE 0680.888.530Private limited company (pre-2019)

ELCO GROUP MULTISERVICES

Alsembergsesteenweg 897 ·1180 Ukkel, Belgium· 8 yrs active
Sector: Algemene bouw van residentiële gebouwen (41001)
Conclusion Checked

The KBO register records legal situation 050 for ELCO GROUP MULTISERVICES (Register: 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.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €70k
Net result €20k
Better than sector 67%
Active 8 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health24Profitability100Solvency77Growth78Stability0
56 / 100

Mixed profile: strong on profitability, weaker on stability.

All 5 axes are computed from data Checked has read.

Health 24
Profitability 100
Solvency 77
Growth 78
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
0 / 100
Low riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Trust signals 1 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Administrative Flags 0 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.
Health barometer FY 2022 · computed
24 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2022 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview5 NBB filings
Annual accounts filed on 03-07-2023 with the NBB · fiscal year 2022 · micro
€-20k€-10k€0€10k€20kOperating result 2020: €16k€16kNet result 2020: €15k€15kOperating result 2021: €-3k€-3kNet result 2021: €-12k€-12kOperating result 2022: €20k€20kNet result 2022: €20k€20k202020212022
Operating resultNet result
Sector comparison
Fiscal year 2022 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 50.5% 35.6%
better than 67% of 2230 sector peers
Net result €20k €10k
better than 67% of 2224 sector peers
Equity €70k €22k
better than 83% of 2235 sector peers
Gross operating margin €73k €25k
better than 80% of 2218 sector peers
Total assets €138k €73k
better than 72% of 2232 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€38k
+173.4% 20-22
Net profit
€20k
- 20-22
Cash flow
€38k
+621.1% 20-22
Total assets
€138k
-4.8% 20-22
Equity
€70k
+40.4% 20-22
Working capital
€12k
-66.3% 20-22
Income taxes
€7k
- 20-22
Debt
€68k
-28.3% 20-22
Debt ≤ 1y
€59k
-17.8% 20-22
Debt > 1y
€9k
-61.5% 20-22
Current ratio
1.19
-19.0% 20-22
Quick ratio
1.19
-19.0% 20-22
Solvency
50.5%
+47.5% 20-22
Debt / equity
0.98
-49.0% 20-22
ROE
28.8%
- 20-22
ROA
14.5%
- 20-22
Interest coverage
7.73
-76.8% 20-22
Figures by fiscal year
Fiscal year2022
Depositmicro
Revenue-
EBITDA€38k
Net profit€20k
Cash flow€38k
Staff costs-
Income taxes-
Dividends-
Total assets€138k
Equity€70k
Debt€68k
of which ≤ 1y€59k
of which > 1y€9k
Working capital€12k
Employees (FTE)-
Ratios (computed)
2022
Current ratio1.19
Quick ratio1.19
Working capital ratio8.3%
Solvency50.5%
Debt / equity0.98
Long-term debt ratio0.13
Interest coverage-
Gross margin-
Net margin-
ROA14.5%
ROE28.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€138k
Fixed assets 21/28€67k
Tangible fixed assets 22/27€37k
Financial fixed assets 28€30k
Current assets 29/58€71k
Amounts receivable within one year 40/41€71k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€138k
Equity 10/15€70k
Contributions / capital 10/11€18k
Reserves 13€2k
Accumulated profits (losses) 14€50k
Amounts payable 17/49€68k
Amounts payable after one year 17€9k
Amounts payable within one year 42/48€59k
Income statement
Gross operating margin 9900€73k
Operating result 9901€20k
Result before taxes 9903€20k
Net result for the period 9904€20k
Result to be appropriated 9905€20k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 4 directors
Current directors & mandates
  • JACEK KOWALCZYK
    Director (executive)
    State Gazette act 24032230 (22-02-2024)
    Current
    22-02-2024 → present
  • KAYA ISMAYIL
    Manager
    State Gazette act 24032230 (22-02-2024)
    Current
    02-01-2024 → present
Former directors (2)
  • ESMERALDA KOTORRI NEE LE
    Manager
    State Gazette act 25043402 (02-04-2025)
    Former
    - → 02-04-2025
  • KAYA MECIT
    Manager
    State Gazette act 24032230 (22-02-2024)
    Former
    - → 01-05-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Algemene bouw van residentiële gebouwen(41001)
Legal form Private limited company (pre-2019)(015)
Incorporation11-09-2017
StatusActive
Postal code1180
Establishment units 1 location
Elco Group Multiservices
Eugène Plaskylaan 144, 1030 SchaarbeekOptrekken van de ruwbouw van individuele huizen
since 20172.271.690.411
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

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.
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.
Updates 8 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
02-04-2025
State Gazette act Capital & shares
2024
14-03-2024
State Gazette act Miscellaneous
other
22-02-2024
State Gazette act Capital & shares
2023
03-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
14-10-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
16-05-2022
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
09-08-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
12-02-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
Belgisch Staatsblad, acts 3 acts
Capital history · 2
02-04-2025
Capital change
22-02-2024
Capital change
All acts · 3 updated 1 year ago
2025
02-04-2025 Transaction in capital or shares Capital & shares
Technical details 
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2024
14-03-2024 Publication in the Belgian Official Gazette, Miscellaneous Miscellaneous
Summary: other
Technical details 
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  "co_filed_documents": [],
  "detected_real_type": "other",
  "referenced_correction": {
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    "prior_pub_number": null
  },
  "should_reroute_to_category": "director_changes"
}
22-02-2024 All shares are now held by a single shareholder Capital & shares
Technical details 
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201
Primary activity highlighted.
Names & trade names
Legal nameFR ELCO GROUP MULTISERVICES
Registered office
Alsembergsesteenweg 897
1180 Ukkel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative