ELCO PCB
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Hainaut, Tournai division
- Declared bankrupt
- 20 February 2024
- Supervising judge
- Francis Walcarius
- Official Gazette
- 01-03-2024 (pdf) ↗search the document for 2024/108605
Deadlines
- Provisional date payments stopped
- 20 February 2024A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 16 March 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 21 March 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 11 April 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 20 February 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Olivier MercierRue Des Villas 6, 7700 Mouscronmercier.wagnon@edpnet.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 22-08-2023, 22 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2022
22 d late
2021
19 d late
2020
16 d late
2019
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 19 days after the deadline; the sector median for financial year 2022 is 5 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Manufacture of computer, electronic and optical products sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1.0m▼ 158%
2021 · -€393,928
Working capital
-€853,684▼ 138%
2021 · -€358,176
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Operating result-€549,759--€257,566▲ 53.1%-€386,296▼ 50.0%-€1.0m▼ 160%
Net result-€548,778--€285,651below the sector's middle half▲ 47.9%-€393,928below the sector's middle half▼ 37.9%-€1.0mbelow the sector's middle half▼ 158%
Equity-€448,778--€734,428below the sector's middle half▼ 63.7%-€1.1mbelow the sector's middle half▼ 53.6%-€2.1mbelow the sector's middle half▼ 90.0%
Total assets€901,859-€669,293below the sector's middle half▼ 25.8%€1.2mbelow the sector's middle half▲ 80.5%€938,812below the sector's middle half▼ 22.3%
Debt€1.4m-€1.4m▲ 3.9%€2.3m▲ 66.5%€3.1m▲ 31.9%
Working capital-€442,650--€18,790below the sector's middle half▲ 95.8%-€358,176below the sector's middle half▼ 1,806%-€853,684below the sector's middle half▼ 138%
Solvency-49.8%--109.7%below the sector's middle half▼ 60.0pp-93.4%below the sector's middle half▲ 16.3pp-228.4%below the sector's middle half▼ 135.0pp
Current ratio0.67-0.97below the sector's middle half▲ 0.300.77below the sector's middle half▼ 0.200.52below the sector's middle half▼ 0.25
Return on assets (ROA)-60.8%--42.7%below the sector's middle half▲ 18.2pp-32.6%below the sector's middle half▲ 10.1pp-108.2%below the sector's middle half▼ 75.6pp
Staff (FTE)22.8-24.5within the sector's middle half▲ 7.5%23.3within the sector's middle half▼ 4.9%20.7within the sector's middle half▼ 11.2%
above
within
below
the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.0m in 2022 against €386,296 in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €938,812
Fixed assets
€29,764 ▲ 68.0%
Current assets
€909,049 ▼ 23.6%
Equity and liabilities
Equity-€2.1m
Debt€3.1m
Equity is negative: debt (€3.1m) exceeds the balance-sheet total (€938,812).
Key figures and ratios
EBITDA
-€1.0m▼
2021 · -€382,710
Cash flow
-€1.0m▼
2021 · -€390,342
Quick ratio
0.32▼
2021 · 0.46
Interest coverage
-36.14▼
2021 · -14.10
Debt ≤ 1 year
€1.8m▲
2021 · €1.5m
Debt > 1 year
€1.2m▲
2021 · €726,394
Income taxes
€2,320▲
2021 · €577
Staff costs
€958,099▼
2021 · €995,437
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €995,437 | €958,099 | ▼ 3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,231 | €2,542 | €3,585 | €3,816 | ▲ 6.4% |
| Other operating charges640/8 | - | - | €69,404 | €87,890 | ▲ 26.6% |
| Non-recurring operating charges66A | - | - | €1,500 | €11,421 | ▲ 661% |
| Gross operating margin9900 | €569,491 | €734,583 | €683,630 | €56,982 | ▼ 91.7% |
| Operating profit (loss)9901 | -€549,759 | -€257,566 | -€386,296 | -€1.0m | ▼ 160% |
| Financial income75/76B | - | - | €20,089 | €18,492 | ▼ 8.0% |
| Recurring financial income75 | €8,281 | €11,117 | €20,089 | €18,492 | ▼ 8.0% |
| Financial charges65/66B | - | - | €27,144 | €27,684 | ▲ 2.0% |
| Recurring financial charges65 | €6,703 | €38,799 | €27,144 | €27,684 | ▲ 2.0% |
| Profit (loss) for the period before taxes9903 | -€548,180 | -€285,247 | -€393,351 | -€1.0m | ▼ 158% |
| Income taxes67/77 | €598 | €404 | €577 | €2,320 | ▲ 302% |
| Profit (loss) for the period9904 | -€548,778 | -€285,651 | -€393,928 | -€1.0m | ▼ 158% |
| Profit (loss) for the period to be appropriated9905 | -€548,778 | -€285,651 | -€393,928 | -€1.0m | ▼ 158% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €901,859 | €669,293 | €1.2m | €938,812 | ▼ 22.3% |
| Fixed assets21/28 | €10,270 | €21,302 | €17,717 | €29,764 | ▲ 68.0% |
| Tangible fixed assets22/27 | €9,975 | €21,008 | €17,422 | €29,469 | ▲ 69.1% |
| Plant, machinery and equipment23 | - | - | - | €15,632 | - |
| Furniture and vehicles24 | - | - | €6,495 | €4,280 | ▼ 34.1% |
| Other tangible fixed assets26 | - | - | €10,928 | €9,557 | ▼ 12.5% |
| Financial fixed assets28 | €295 | €295 | €295 | €295 | = |
| Current assets29/58 | €891,589 | €647,991 | €1.2m | €909,049 | ▼ 23.6% |
| Stocks and contracts in progress3 | €246,553 | €236,868 | €472,333 | €339,950 | ▼ 28.0% |
| Stocks30/36 | - | - | €372,586 | €278,908 | ▼ 25.1% |
| Contracts in progress37 | - | - | €99,747 | €61,042 | ▼ 38.8% |
| Amounts receivable within one year40/41 | €502,593 | €285,388 | €594,001 | €470,395 | ▼ 20.8% |
| Trade receivables40 | - | - | €584,056 | €427,839 | ▼ 26.7% |
| Other amounts receivable41 | - | - | €9,944 | €42,556 | ▲ 328% |
| Cash at bank and in hand54/58 | €26,370 | €77,403 | €105,188 | €87,488 | ▼ 16.8% |
| Deferred charges and accrued income490/1 | - | - | €18,912 | €11,216 | ▼ 40.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €901,859 | €669,293 | €1.2m | €938,812 | ▼ 22.3% |
| Equity10/15 | -€448,778 | -€734,428 | -€1.1m | -€2.1m | ▼ 90.0% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | - | €100,000 | €100,000 | = |
| Issued capital100 | - | - | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | -€548,778 | -€834,428 | -€1.2m | -€2.2m | ▼ 82.7% |
| Amounts payable17/49 | €1.4m | €1.4m | €2.3m | €3.1m | ▲ 31.9% |
| Amounts payable after more than one year17 | - | €720,545 | €726,394 | €1.2m | ▲ 64.2% |
| Financial debts170/4 | - | - | €726,394 | €1.2m | ▲ 64.2% |
| Amounts payable within one year42/48 | €1.3m | €666,781 | €1.5m | €1.8m | ▲ 13.8% |
| Trade debts44 | €501,612 | €536,952 | €1.4m | €1.5m | ▲ 6.6% |
| Suppliers440/4 | - | - | €1.4m | €1.5m | ▲ 6.6% |
| Taxes, remuneration and social security45 | - | - | €157,268 | €278,993 | ▲ 77.4% |
| Taxes450/3 | - | - | €27,260 | €49,148 | ▲ 80.3% |
| Remuneration and social security454/9 | - | - | €130,009 | €229,845 | ▲ 76.8% |
| Other amounts payable47/48 | - | - | - | €323 | - |
| Accrued charges and deferred income492/3 | - | - | €61,503 | €127,615 | ▲ 107% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€548,778 | -€285,651 | -€393,928 | -€1.0m | ▼ 158% |
| + Depreciation and write-downs630 | €1,231 | €2,542 | €3,585 | €3,816 | ▲ 6.4% |
| Operating cash flow (approximation) | -€547,547 | -€283,109 | -€390,342 | -€1.0m | ▼ 159% |
| Investment in fixed assets (approximation) | - | -€13,574 | €0 | -€15,863 | - |
| Change in cash | - | €51,032 | €27,785 | -€17,700 | ▼ 164% |
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
2024
01-03
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Tournai · event 20-02-2024
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 22 days late
2022
31-12
Financial
Weakest financial yearnet -€1.0m
Net result drops to -€1.0m, the lowest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 16 days late
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 18 days late
SignalFinancial milestoneNBB 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Mouscron · 1 establishment unit since 2019
Ground area
1.8 ha
Building footprint
6,560 m²
Parcel 54007B0666/00F000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Elco PCB
since 20192.298.966.118
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54007B0666/00F000 | Wallonia | 1.8 ha | 1 · 6,560 m² | - |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | OLIVIER MERCIER Rue Des Villas 6, 7700 Mouscron |
20-02-2024 → present |
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Of 248 companies in this sector we hold annual accounts for 182. 85 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded25-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
26110Manufacture of computer, electronic and optical products
70200Business and other management consultancy
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.