Summary
ELCOFIN 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 €12.2m and a net result of €440,747. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 72% of 2445 sector peers (fiscal year 2025). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
27 d early
2023
99 d early
2022
80 d early
2021
30 d early
2020
32 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 48 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 July (4 of the last 5 filed years within 50 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#9 oldest company in Wevelgem, Finance and insurance sector
Equity
€12.2m▲ 1.2%
2024 · €12.0m
Net result
€440,747▼ 14.0%
2024 · €512,480
Total assets
€14.5m▲ 9.1%
2024 · €13.3m
Solvency
83.7%▼ 6.6pp
2024 · 90.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€438,445▼ 4.4%€447,819▲ 2.1%€435,998▼ 2.6%€449,325▲ 3.1%€452,483▲ 0.7%
Net result€617,161above the sector's middle half▲ 7.2%€653,527above the sector's middle half▲ 5.9%€601,802above the sector's middle half▼ 7.9%€512,480above the sector's middle half▼ 14.8%€440,747within the sector's middle half▼ 14.0%
Equity€11.1mabove the sector's middle half▲ 5.9%€11.7mabove the sector's middle half▲ 5.9%€11.9mabove the sector's middle half▲ 1.7%€12.0mabove the sector's middle half▲ 0.9%€12.2mwithin the sector's middle half▲ 1.2%
Total assets€13.2mabove the sector's middle half▼ 1.9%€13.5mabove the sector's middle half▲ 2.2%€13.3mabove the sector's middle half▼ 1.5%€13.3mabove the sector's middle half=€14.5mwithin the sector's middle half▲ 9.1%
Debt€2.2m▼ 28.8%€1.8m▼ 16.5%€1.4m▼ 22.2%€1.3m▼ 8.0%€2.4m▲ 83.3%
Working capital-€1.7mbelow the sector's middle half▲ 24.5%-€1.1mbelow the sector's middle half▲ 33.3%-€989,879below the sector's middle half▲ 12.6%-€910,210below the sector's middle half▲ 8.0%-€752,560below the sector's middle half▲ 17.3%
Solvency83.6%above the sector's middle half▲ 6.2pp86.6%above the sector's middle half▲ 3.0pp89.4%above the sector's middle half▲ 2.8pp90.3%above the sector's middle half▲ 0.8pp83.7%within the sector's middle half▼ 6.6pp
Current ratio0.14below the sector's middle half▼ 0.050.34below the sector's middle half▲ 0.200.28below the sector's middle half▼ 0.060.30below the sector's middle half▲ 0.020.40within the sector's middle half▲ 0.10
Return on assets (ROA)4.7%within the sector's middle half▲ 0.4pp4.8%within the sector's middle half▲ 0.2pp4.5%within the sector's middle half▼ 0.3pp3.8%within the sector's middle half▼ 0.7pp3.0%within the sector's middle half▼ 0.8pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.5m
Fixed assets
€14.0m ▲ 8.5%
Current assets
€499,094 ▲ 30.6%
Equity and liabilities €14.5m
Equity
€12.2m ▲ 1.2%
Debt
€2.4m ▲ 83.3%
Debt's share of the balance-sheet total rises from 9.7% to 16.3%. Equity and debt are higher.
Key figures and ratios
ROE
3.6%▼
2024 · 4.3%
Debt ≤ 1 year
€1.3m▼
2024 · €1.3m
Debt > 1 year
€1.1m▲
2024 · €0
Income taxes
€106,255▼
2024 · €107,502
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €730 | €366 | €0 | - | - | - |
| Other operating charges640/8 | €1,113 | €868 | €1,072 | €1,359 | €1,276 | ▼ 6.0% |
| Gross operating margin9900 | €440,288 | €449,053 | €437,070 | €450,683 | €453,760 | ▲ 0.7% |
| Operating profit (loss)9901 | €438,445 | €447,819 | €435,998 | €449,325 | €452,483 | ▲ 0.7% |
| Financial income75/76B | €340,594 | €354,060 | €306,273 | €196,274 | €131,135 | ▼ 33.2% |
| Recurring financial income75 | €340,594 | €354,060 | €306,273 | €196,274 | €131,135 | ▼ 33.2% |
| Financial charges65/66B | €68,885 | €46,478 | €39,753 | €25,617 | €36,616 | ▲ 42.9% |
| Recurring financial charges65 | €68,885 | €46,478 | €39,753 | €25,617 | €36,616 | ▲ 42.9% |
| Profit (loss) for the period before taxes9903 | €710,154 | €755,401 | €702,518 | €619,983 | €547,002 | ▼ 11.8% |
| Income taxes67/77 | €92,992 | €101,874 | €100,716 | €107,502 | €106,255 | ▼ 1.2% |
| Profit (loss) for the period9904 | €617,161 | €653,527 | €601,802 | €512,480 | €440,747 | ▼ 14.0% |
| Profit (loss) for the period to be appropriated9905 | €617,161 | €653,527 | €601,802 | €512,480 | €440,747 | ▼ 14.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.2m | €13.5m | €13.3m | €13.3m | €14.5m | ▲ 9.1% |
| Fixed assets21/28 | €12.9m | €12.9m | €12.9m | €12.9m | €14.0m | ▲ 8.5% |
| Tangible fixed assets22/27 | €366 | €0 | - | - | - | - |
| Furniture and vehicles24 | €366 | €0 | - | - | - | - |
| Financial fixed assets28 | €12.9m | €12.9m | €12.9m | €12.9m | €14.0m | ▲ 8.5% |
| Current assets29/58 | €285,174 | €582,941 | €382,656 | €382,169 | €499,094 | ▲ 30.6% |
| Amounts receivable within one year40/41 | €258,741 | €260,728 | €304,980 | €304,881 | €380,168 | ▲ 24.7% |
| Trade receivables40 | €45,927 | €47,893 | €84,723 | €84,623 | €120,168 | ▲ 42.0% |
| Other amounts receivable41 | €212,814 | €212,834 | €220,258 | €220,258 | €260,000 | ▲ 18.0% |
| Cash at bank and in hand54/58 | €26,433 | €322,213 | €77,676 | €77,288 | €116,123 | ▲ 50.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,803 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.2m | €13.5m | €13.3m | €13.3m | €14.5m | ▲ 9.1% |
| Equity10/15 | €11.1m | €11.7m | €11.9m | €12.0m | €12.2m | ▲ 1.2% |
| Contributions10/11 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Capital10 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Issued capital100 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Reserves13 | €9.1m | €9.7m | €9.9m | €10.0m | €10.2m | ▲ 1.4% |
| Non-distributable reserves130/1 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Legal reserve130 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Distributable reserves133 | €8.9m | €9.5m | €9.7m | €9.8m | €10.0m | ▲ 1.4% |
| Profit (loss) carried forward14 | €145 | €72 | €9,974 | €454 | €202 | ▼ 55.6% |
| Amounts payable17/49 | €2.2m | €1.8m | €1.4m | €1.3m | €2.4m | ▲ 83.3% |
| Amounts payable after more than one year17 | €142,857 | €85,714 | €28,572 | €0 | €1.1m | - |
| Financial debts170/4 | €142,857 | €85,714 | €28,572 | €0 | - | - |
| Other amounts payable178/9 | - | - | - | - | €1.1m | - |
| Amounts payable within one year42/48 | €2.0m | €1.7m | €1.4m | €1.3m | €1.3m | ▼ 3.2% |
| Current portion of amounts payable after more than one year42 | €57,143 | €57,143 | €57,143 | €28,572 | €0 | ▼ 100% |
| Trade debts44 | €5,041 | €9,111 | €6,805 | €6,049 | €992 | ▼ 83.6% |
| Suppliers440/4 | €5,041 | €9,111 | €6,805 | €6,049 | €992 | ▼ 83.6% |
| Taxes, remuneration and social security45 | €37,134 | €38,276 | €38,053 | €42,984 | €145,888 | ▲ 239% |
| Taxes450/3 | €37,134 | €38,276 | €38,053 | €42,984 | €145,888 | ▲ 239% |
| Other amounts payable47/48 | €1.9m | €1.6m | €1.3m | €1.2m | €1.1m | ▼ 9.1% |
| Accrued charges and deferred income492/3 | €37,322 | €6,210 | €4,240 | €0 | €16,903 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €617,161 | €653,527 | €601,802 | €512,480 | €440,747 | ▼ 14.0% |
| + Depreciation and write-downs630 | €730 | €366 | €0 | - | - | - |
| Operating cash flow (approximation) | €617,891 | €653,893 | €601,802 | €512,480 | €440,747 | ▼ 14.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€1.1m | - |
| Change in cash | - | €295,780 | -€244,537 | -€388 | €38,835 | ▲ 10,114% |
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
Next filing, fiscal year 2026, expected by
2026
17-07
State Gazette act
Reappointments: Luc Clinckemaillie (director) and Elsje POTTEAU (director)Power of attorney7 facts ▸
State Gazette act
Reappointments: Luc Clinckemaillie (director) and Elsje POTTEAU (director)
Power of attorney7 facts ▸
- General meeting, 26-06-2026
- Director reappointment, Luc Clinckemaillie (director)
- Director reappointment, Elsje POTTEAU (director)
- Board meeting, 26-06-2026
- Director reappointment, Luc Clinckemaillie (managing director)
- Director reappointment, Elsje POTTEAU (chair)
- Power of attorney, Luminad
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €10mEq €10.4m ▲5.8%
3 profitable years in a row build equity to €10.4m.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €208,045 ▼96.9%
Net result drops to €208,045, the lowest in the series; recovery starts the following year.
13-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, 1 in day-to-day management, last change in 2026
Board 2
Elsje POTTEAU
CurrentChair · since 26-06-2026 · Director · since 26-06-2026
Luc Clinckemaillie
CurrentDirector · since 26-06-2026
Day-to-day management 1
Luc Clinckemaillie
CurrentManaging director · since 26-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Wevelgem · 1 establishment unit since 1992
Ground area
1,132 m²
Building footprint
287 m²
Volume, LiDAR
1,239 m³
Parcel 34012C0340/00P000, Flanders · tallest building 7.5 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ELCOFIN
since 19922.058.025.937
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34012C0340/00P000 | Flanders | 1,132 m² | 1 · 287 m² | 7.5 m · 1 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.
Mandate history
2 people since 2026, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Elsje POTTEAU |
|
| Luc Clinckemaillie |
|
Structure & network
Owners and holdings
5 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 5
-
100%
-
100%
-
100%
-
99.99%
-
99.97%
According to the 2025 annual accounts of ELCOFIN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 current directorsThe group is listed under Ownership & control below; here you explore it as a network.
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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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Identification & contact
Identification
Legal formPublic limited company
Founded07-05-1992
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
70100Activities of head offices
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447380727
Also
9925:BE0447380727
Registered
13-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.