ELDERHILL
InactiveELDERHILL was declared bankrupt on 17-09-2024 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 11-08-2025, published in the Belgian State Gazette on 18-08-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline21-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 03-07-2023, 28 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
28 d early
2021
19 d early
2020
25 d early
2019
17 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€27k▲ 19.5%
2021 · €23k
2018: €20k
2019: €20k
2020: €22k
2021: €23k
2018 → 2022
Total assets
€173k▲ 7.3%
2021 · €161k
2018: €295k
2019: €275k
2020: €200k
2021: €161k
2018 → 2022
Net result
€4k▲ 524%
2021 · €714
2018: €1k
2019: €196
2020: €2k
2021: €714
2018 → 2022
Working capital
€23k▲ 25.8%
2021 · €18k
2018: €41k
2019: €23k
2020: €19k
2021: €18k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€20k-€20k▲ 1.0%€22k▲ 10.6%€23k▲ 3.2%€27k▲ 19.5%
Operating result€5k-€6k▲ 22.5%€7k▲ 21.9%€4k▼ 41.4%€8k▲ 102%
Net result€1k-€196▼ 83.5%€2k▲ 985%€714▼ 66.4%€4k▲ 524%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2022; 2022 is 102% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €173k
Fixed assets
€4k▼ 48.6%
Current assets
€168k▲ 10.4%
Equity and liabilities €173k
Equity
€27k▲ 19.5%
Debt
€146k▲ 5.2%
The debt ratio falls from 85.8% to 84.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12k▲
2021 · €8k
Cash flow
€9k▲
2021 · €5k
Solvency
15.8%▲
2021 · 14.2%
Current ratio
1.16▲
2021 · 1.14
Quick ratio
0.17▼
2021 · 0.42
Debt / equity
5.34▼
2021 · 6.06
ROE
16.3%▲
2021 · 3.1%
ROA
2.6%▲
2021 · 0.4%
Interest coverage
3.54▲
2021 · 2.33
Debt
€146k▲
2021 · €138k
Debt ≤ 1 year
€146k▲
2021 · €134k
Income taxes
€311
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€161k€173k▲
Fixed assets21/28€9k€4k▼
Tangible fixed assets22/27€9k€4k▼
Furniture and vehicles24€9k€4k▼
Current assets29/58€153k€168k▲
Stocks and contracts in progress3€96k€144k▲
Stocks30/36€96k€144k▲
Amounts receivable within one year40/41€28k€14k▼
Trade receivables40€28k€7k▼
Other amounts receivable41-€7k
Cash at bank and in hand54/58€28k€10k▼
Equity and liabilities
Total equity and liabilities10/49€161k€173k▲
Equity10/15€23k€27k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€4k€9k▲
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€3k€7k▲
Amounts payable17/49€138k€146k▲
Amounts payable after more than one year17€4k-
Financial debts170/4€4k-
Amounts payable within one year42/48€134k€146k▲
Current portion of amounts payable after more than one year42€100k€125k▲
Financial debts43€5k€4k▼
Credit institutions430/8€5k€4k▼
Trade debts44€20k€12k▼
Suppliers440/4€20k€12k▼
Taxes, remuneration and social security45€9k€5k▼
Taxes450/3€9k€5k▼
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€744€1k▲
Gross operating margin9900€9k€14k▲
Operating profit (loss)9901€4k€8k▲
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€714€5k▲
Income taxes67/77-€311
Profit (loss) for the period9904€714€4k▲
Profit (loss) for the period to be appropriated9905€714€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€714€4k▲
Transfer to equity691/2€714€4k▲
To other reserves6921€714€4k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-08
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · ELDERHILL BV MINDERBROEDERSSTRAAT 39/3, 9100 SINT-NIKLAAS · event 11-08-2025
2024
23-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · ELDERHILL BV MINDERBROE- DERSSTRAAT 39/3, 9100 SINT-NIKLAAS · event 17-09-2024
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €4k ▲524%
Operating result €8k, net result €4k, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €196 ▼83.5%
Net result drops to €196, the lowest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | INGE VANHOUTTE HEIDEBAAN 130E, 9100 SINT-
NIKLAAS |
17-09-2024 → present |