ELCONNEX
ActiveThe computed 12-month bankruptcy probability of ELCONNEX is 2.0% (moderate). The 2024 annual accounts show equity of €47k and a net result of €7k. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 57% of 3571 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
96
/ 100
Excellent▲ +23 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability45▲+32
Solvency85▲+31
Growth70▲+8
Stability100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.79 against 1.39 in 2023), but 55.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
44.8%
Return on assets
6.9%
Age of the figures
20 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
61 d late
2022
61 d late
2021
78 d late
2020
61 d late
2019
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€277k▼ 26.8%
2023 · €379k
2018: €191k
2019: €258k
2020: €295k
2021: €235k
2022: €201k
2023: €379k
2018 → 2024
EBIT margin
4.0%▲ 3.6pp
2023 · 0.4%
2018: 2.7%
2019: 4.8%
2020: 4.8%
2021: -3.2%
2022: 11.7%
2023: 0.4%
2018 → 2024
Net result
€7k▲ 2,414%
2023 · €284
2018: €4k
2019: €8k
2020: €7k
2021: €-9k
2022: €17k
2023: €284
2018 → 2024
Working capital
€45k▲ 21.0%
2023 · €38k
2018: €15k
2019: €4k
2020: €20k
2021: €21k
2022: €37k
2023: €38k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€295k-€235k▼ 20.5%€201k▼ 14.3%€379k▲ 88.6%€277k▼ 26.8%
Equity€31k-€22k▼ 29.5%€39k▲ 79.5%€39k▲ 0.7%€47k▲ 18.1%
Operating result€14k-€-8k€23k€2k▼ 93.3%€11k▲ 607%
Net result€7k-€-9k€17k€284▼ 98.4%€7k▲ 2,414%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 607% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €104k
Fixed assets
€1k▼ 39.9%
Current assets
€103k▼ 22.8%
Equity and liabilities €104k
Equity
€47k▲ 18.1%
Debt
€57k▼ 40.0%
The debt ratio falls from 70.8% to 55.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€12k▲
2023 · €7k
Cash flow
€8k▲
2023 · €6k
Solvency
44.8%▲
2023 · 29.2%
Current ratio
1.79▲
2023 · 1.39
Quick ratio
1.79▲
2023 · 1.39
Debt / equity
1.23▼
2023 · 2.42
ROE
15.3%▲
2023 · 0.7%
ROA
6.9%▲
2023 · 0.2%
Interest coverage
51.45▲
2023 · 30.06
Debt
€57k▼
2023 · €95k
Debt ≤ 1 year
€57k▼
2023 · €95k
Income taxes
€4k▲
2023 · €1k
Staff costs
€1k▼
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€135k€104k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€133k€103k▼
Amounts receivable within one year40/41€102k€58k▼
Trade receivables40€98k€53k▼
Other amounts receivable41€4k€5k▲
Cash at bank and in hand54/58€30k€14k▼
Deferred charges and accrued income490/1€506€31k▲
Equity and liabilities
Total equity and liabilities10/49€135k€104k▼
Equity10/15€39k€47k▲
Contributions10/11€13k€13k=
Capital10€13k€13k=
Issued capital100€13k€13k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€25k€32k▲
Amounts payable17/49€95k€57k▼
Amounts payable within one year42/48€95k€57k▼
Current portion of amounts payable after more than one year42€3k-
Trade debts44€91k€52k▼
Suppliers440/4€68k€10k▼
Bills of exchange payable441€23k€42k▲
Taxes, remuneration and social security45€2k€5k▲
Taxes450/3€2k€5k▲
Income statement
Code20232024
Turnover70€379k€277k▼
Goods, raw materials, services and sundry goods60/61€375k€270k▼
Remuneration, social security and pensions62€2k€1k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€743▼
Other operating charges640/8€666€715▲
Gross operating margin9900€9k€14k▲
Operating profit (loss)9901€2k€11k▲
Financial income75/76B€142€0▼
Recurring financial income75€142€0▼
Financial charges65/66B€232€230▼
Recurring financial charges65€232€230▼
Profit (loss) for the period before taxes9903€1k€11k▲
Income taxes67/77€1k€4k▲
Profit (loss) for the period9904€284€7k▲
Profit (loss) for the period to be appropriated9905€284€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€32k▲
Profit (loss) brought forward from the previous period14P€25k€25k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 61 days late
2022
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 78 days late
2021
31-12
Financial
Weakest financial yearnet €-9k ▼229%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
22-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 53 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brussel · 1 establishment unit since 2014
Ground area
570 m²
Building footprint
111 m²
Volume, LiDAR
960 m³
Parcel 21816G0043/00P007, Brussels · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ELCONNEX
since 20142.235.557.416
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816G0043/00P007 | Brussels | 570 m² | 1 · 111 m² | 10.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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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FAG CONSTRUCT
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AANNEMINGEN NOYENS
BE 0887.333.135
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Conciergerie KGF
BE 0787.288.028
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Of 15,441 companies in sector 43990 we hold annual accounts for 7,356. 5,992 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-2014
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
43120Site preparation
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.