Elcoval
ActiveSummary
Elcoval has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.8m and a net result of €356,926. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 7625 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
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Signals
This company filed its last 7 accounts on average 5 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €4,850 | €9,300 | €14,000 | €0 | €47,484 | - |
| Remuneration, social security and pensions62 | €386,421 | €343,645 | €474,667 | €446,399 | €425,862 | ▼ 4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €112,175 | €107,953 | €103,843 | €127,372 | €142,227 | ▲ 11.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €3,055 | €0 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€41,938 | -€19,374 | €0 | - | - |
| Other operating charges640/8 | €11,690 | €9,371 | €14,508 | €9,720 | €12,194 | ▲ 25.5% |
| Non-recurring operating charges66A | €3,634 | - | €8,308 | €0 | - | - |
| Gross operating margin9900 | €915,334 | €802,128 | €907,337 | €1.0m | €1.0m | ▲ 2.4% |
| Operating profit (loss)9901 | €401,414 | €383,097 | €322,330 | €417,603 | €445,101 | ▲ 6.6% |
| Financial income75/76B | €5,445 | €1,355 | €6,687 | €26,832 | €31,170 | ▲ 16.2% |
| Recurring financial income75 | €5,445 | €1,355 | €6,687 | €26,832 | €31,170 | ▲ 16.2% |
| Financial charges65/66B | €5,445 | €1,563 | €2,128 | €3,630 | €611 | ▼ 83.2% |
| Recurring financial charges65 | €445 | €1,563 | €2,128 | €3,630 | €611 | ▼ 83.2% |
| Non-recurring financial charges66B | €5,000 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €401,414 | €382,889 | €326,889 | €440,805 | €475,660 | ▲ 7.9% |
| Income taxes67/77 | €58,883 | €72,572 | €79,054 | €104,157 | €118,735 | ▲ 14.0% |
| Profit (loss) for the period9904 | €342,531 | €310,317 | €247,835 | €336,647 | €356,926 | ▲ 6.0% |
| Profit (loss) for the period to be appropriated9905 | €342,531 | €310,317 | €247,835 | €336,647 | €356,926 | ▲ 6.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €2.9m | €2.6m | €2.9m | €2.9m | ▲ 1.9% |
| Fixed assets21/28 | €384,048 | €286,101 | €329,603 | €455,656 | €356,265 | ▼ 21.8% |
| Tangible fixed assets22/27 | €381,793 | €283,847 | €327,349 | €453,401 | €354,010 | ▼ 21.9% |
| Land and buildings22 | €25,146 | €24,784 | €24,436 | €24,081 | €23,977 | ▼ 0.4% |
| Plant, machinery and equipment23 | €150,324 | €109,266 | €120,221 | €168,645 | €112,319 | ▼ 33.4% |
| Furniture and vehicles24 | €206,322 | €149,796 | €182,692 | €260,675 | €217,714 | ▼ 16.5% |
| Financial fixed assets28 | €2,255 | €2,255 | €2,255 | €2,255 | €2,255 | = |
| Current assets29/58 | €2.5m | €2.6m | €2.3m | €2.4m | €2.6m | ▲ 6.4% |
| Stocks and contracts in progress3 | €149,300 | €159,700 | €170,250 | €210,250 | €167,400 | ▼ 20.4% |
| Stocks30/36 | €9,000 | €10,000 | €9,000 | €8,500 | €8,500 | = |
| Contracts in progress37 | €140,300 | €149,700 | €161,250 | €201,750 | €158,900 | ▼ 21.2% |
| Amounts receivable within one year40/41 | €375,800 | €294,214 | €308,340 | €249,463 | €114,549 | ▼ 54.1% |
| Trade receivables40 | €285,019 | €236,212 | €235,418 | €198,409 | €99,094 | ▼ 50.1% |
| Other amounts receivable41 | €90,780 | €58,001 | €72,922 | €51,054 | €15,455 | ▼ 69.7% |
| Current investments50/53 | €130,946 | €130,946 | €1.4m | €1.7m | €1.2m | ▼ 27.0% |
| Cash at bank and in hand54/58 | €1.8m | €2.0m | €447,456 | €305,903 | €1.1m | ▲ 258% |
| Deferred charges and accrued income490/1 | €8,007 | €8,649 | €5,455 | €17,491 | €6,256 | ▼ 64.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €2.9m | €2.6m | €2.9m | €2.9m | ▲ 1.9% |
| Equity10/15 | €2.4m | €2.6m | €2.3m | €2.5m | €2.8m | ▲ 14.5% |
| Contributions10/11 | €450,241 | €450,241 | €90,265 | €90,265 | €90,265 | = |
| Reserves13 | €254,856 | €254,856 | €209,832 | €209,832 | €209,832 | = |
| Non-distributable reserves130/1 | €45,024 | €45,024 | €0 | - | - | - |
| Reserves not available under the articles1311 | €45,024 | €45,024 | €0 | - | - | - |
| Tax-exempt reserves132 | €23,912 | €23,912 | €23,912 | €23,912 | €23,912 | = |
| Distributable reserves133 | €185,920 | €185,920 | €185,920 | €185,920 | €185,920 | = |
| Profit (loss) carried forward14 | €1.7m | €1.9m | €2.0m | €2.2m | €2.5m | ▲ 16.6% |
| Provisions and deferred taxes16 | €91,500 | €49,562 | €30,188 | €30,188 | €30,188 | = |
| Provisions for liabilities and charges160/5 | €91,500 | €49,562 | €30,188 | €30,188 | €30,188 | = |
| Major repairs and maintenance162 | €91,500 | €49,562 | €30,188 | €30,188 | €30,188 | = |
| Amounts payable17/49 | €317,903 | €203,295 | €288,029 | €404,485 | €103,798 | ▼ 74.3% |
| Amounts payable within one year42/48 | €317,903 | €203,295 | €288,029 | €401,570 | €103,798 | ▼ 74.2% |
| Trade debts44 | €142,374 | €32,296 | €75,509 | €116,739 | €49,562 | ▼ 57.5% |
| Suppliers440/4 | €142,374 | €32,296 | €75,509 | €116,739 | €49,562 | ▼ 57.5% |
| Advances received on contracts in progress46 | €888 | €888 | €6,888 | €888 | €888 | = |
| Taxes, remuneration and social security45 | €34,642 | €30,111 | €107,632 | €143,048 | €52,353 | ▼ 63.4% |
| Taxes450/3 | €921 | €949 | €55,793 | €96,377 | €4,552 | ▼ 95.3% |
| Remuneration and social security454/9 | €33,721 | €29,162 | €51,840 | €46,671 | €47,801 | ▲ 2.4% |
| Other amounts payable47/48 | €140,000 | €140,000 | €98,000 | €140,896 | €994 | ▼ 99.3% |
| Accrued charges and deferred income492/3 | - | - | - | €2,915 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €342,531 | €310,317 | €247,835 | €336,647 | €356,926 | ▲ 6.0% |
| + Depreciation and write-downs630 | €112,175 | €107,953 | €103,843 | €127,372 | €142,227 | ▲ 11.7% |
| Operating cash flow (approximation) | €454,706 | €418,270 | €351,678 | €464,019 | €499,153 | ▲ 7.6% |
| Investment in fixed assets (approximation) | - | -€10,007 | -€147,345 | -€253,424 | -€42,836 | ▲ 83.1% |
| Change in cash | - | €182,261 | -€1.5m | -€141,553 | €789,862 | ▲ 658% |
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
09-06
State Gazette act
Resignation: Valentijn VERBIEST (director)Appointments: BV VENU (director) and BV Step2Work (director) · Permanent representatives: Nicolas NULENS and Kathleen SIMILON · Board rule8 facts ▸
- Director resignation, Valentijn VERBIEST (director)
- Board rule, 2
- Director appointment, BV VENU (director)
- Permanent representative, Nicolas NULENS (permanent representative)
- Director appointment, BV Step2Work (director)
- Permanent representative, Kathleen SIMILON (permanent representative)
- Power of attorney, NV VAN HAVERMAET
- Shareholding, 22-05-2026, artikelen 2:8 § 4 en 2:12 WVV
Show earlier events
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Board 3
Permanent representatives 2
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73086C0045/00L000 | Flanders | 216 m² | 1 · 286 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Step2Work |
|
| VENU |
|
| BV Step2Workfrom an act |
|
| VERBIEST Valentijn |
|
Articles of association
Full text
• BV Step2Work, met zetel te 3500 Genk, Troisdorflaan 8 en met als ondernemingsnummer 0835.774.764, vertegenwoordigd door mevrouw Kathleen SIMILON, vaste vertegenwoordiger. Deze mandaten zijn onbezoldigd. - erop gewezen dat ingevolge artikel 11 van de Statuten, zoals voor het laatst gewijzigd bij akte statutenwijziging d.d. 2 oktober 2023 gepubliceerd in de Bijlagen bij het Belgisch Staatsblad d.d. 13 oktober 2023, onder nummer 23407613, 1. iedere bestuurder, alleen optredend, alle handelingen mag stellen die nodig of nuttig zijn voor de verwezenlijking van het voorwerp van de Vennootschap, behalve deze die de wet of de statuten aan de algemene vergadering voorbehouden; Il. iedere bestuurder de Vennootschap jegens derden en in rechte als eiser of als verweerder vertegenwoordigt. Blijkens de kennisgeving van het bestuursorgaan d.d. 22 mei 2026 werd: - verklaard dat alle aandelen van de Vennootschap, sedert 22 mei 2026, in één hand zijn verenigd en de identiteit van de enige aandeelhouder meegedeeld, overeenkomstig de bepalingen van de artikelen 2:8 § 4 en 2:12 van het Wetboek van vennootschappen en verenigingen ("WVV"). - beslist om, zonder enige beperking, een mandaat te verlenen aan NV VAN HAVERMAET, met zetel te 3500 Hasselt, Diepenbekerweg 65, gekend onder het ondernemingsnummer 0428.179.774, vertegenwoordigd door mevrouw Stephanie CASADO, mevrouw Dagmar WILLEMS.
Structure & network
Owners and holdings
1 ownerChain of control
Highest known parent: Van Havermaet Holding. The sources do not say who stands above it.
Owners 1
- VAN HAVERMAETparentSourceact 09-06-2026100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Capital and shareholders
- NV VAN HAVERMAET (BE 0428.179.774) all shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 2,215 EUR awarded · 2,215 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 704 EUR | 704 EUR |
| 2024 | 1 | 1,511 EUR | 1,511 EUR |
Recognitions · licences · registrations
Recognised contractor
10 categoriesSimilar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.