ELEA
Open bankruptcyA bankruptcy procedure is open for ELEA according to publications in the Belgian State Gazette; curator: WERENFRIED SCHWAGTEN.
Summary
The 2022 annual accounts show negative equity (€-74k) and a net result of €-94k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 28-04-2023, 2 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
2 d early
2021
2 d early
2020
36 d early
2019
29 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€-74k
2021 · €8k
2019: €2k
2020: €6k▲ +152% vs 2019
2021: €8k▲ +37.2% vs 2020highest in 4 years
2022: €-74k▼ -1037% vs 2021lowest in 4 years
2019 → 2022
Total assets
€177k▲ 18.9%
2021 · €149k
2019: €126klowest in 4 years
2020: €133k▲ +5.9% vs 2019
2021: €149k▲ +11.7% vs 2020
2022: €177k▲ +18.9% vs 2021highest in 4 years
2019 → 2022
Net result
€-94k
2021 · €2k
2019: €-4k
2020: €3k▲ +189% vs 2019highest in 4 years
2021: €2k▼ -38.4% vs 2020
2022: €-94k▼ -4502% vs 2021lowest in 4 years
2019 → 2022
Working capital
€-36k
2021 · €25k
2019: €-28k
2020: €-19k▲ +33.2% vs 2019
2021: €25k▲ +236% vs 2020highest in 4 years
2022: €-36k▼ -240% vs 2021lowest in 4 years
2019 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€2k-€6k▲ 152%€8k▲ 37.2%€-74k
2019: €2k
2020: €6k▲ +152% vs 2019
2021: €8k▲ +37.2% vs 2020highest in 4 years
2022: €-74k▼ -1037% vs 2021lowest in 4 years
Operating result€-438-€7k€6k▼ 15.5%€-86k
2019: €-438
2020: €7k▲ +1714% vs 2019highest in 4 years
2021: €6k▼ -15.5% vs 2020
2022: €-86k▼ -1543% vs 2021lowest in 4 years
Net result€-4k-€3k€2k▼ 38.4%€-94k
2019: €-4k
2020: €3k▲ +189% vs 2019highest in 4 years
2021: €2k▼ -38.4% vs 2020
2022: €-94k▼ -4502% vs 2021lowest in 4 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €86k after €6k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €177k
Fixed assets
€48k ▲ 115%
Current assets
€128k ▲ 1.8%
Key figures and ratios
EBITDA
€-76k▼
2021 · €15k
Cash flow
€-84k▼
2021 · €11k
Solvency
-41.8%▼
2021 · 5.3%
Current ratio
0.78▼
2021 · 1.25
Quick ratio
0.76▼
2021 · 1.18
Debt to equity
-3.39▼
2021 · 17.85
ROA
-53.3%▼
2021 · 1.4%
Interest coverage
-8.56▼
2021 · 2.69
Debt
€251k▲
2021 · €141k
Debt ≤ 1 year
€164k▲
2021 · €101k
Debt > 1 year
€87k▲
2021 · €40k
Staff costs
€14k▼
2021 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 55 lines
Balance sheet
Code20212022
Assets
Total assets20/58€149k€177k▲
Fixed assets21/28€23k€48k▲
Tangible fixed assets22/27€20k€48k▲
Plant, machinery and equipment23€7k€4k▼
Furniture and vehicles24€5k€3k▼
Leasing and similar rights25€6k€41k▲
Other tangible fixed assets26€1k€783▼
Financial fixed assets28€3k€0▼
Current assets29/58€126k€128k▲
Amounts receivable after more than one year29€60k€60k=
Other amounts receivable291€60k€60k=
Stocks and contracts in progress3€7k€4k▼
Stocks30/36€7k€4k▼
Amounts receivable within one year40/41€34k€61k▲
Trade receivables40€12k€27▼
Other amounts receivable41€22k€61k▲
Cash at bank and in hand54/58€23k€2k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€149k€177k▲
Equity10/15€8k€-74k▼
Contributions10/11€6k€19k▲
Profit (loss) carried forward14€2k€-93k▼
Amounts payable17/49€141k€251k▲
Amounts payable after more than one year17€40k€87k▲
Financial debts170/4€40k€87k▲
Amounts payable within one year42/48€101k€164k▲
Current portion of amounts payable after more than one year42€7k€38k▲
Financial debts43€37k€19k▼
Credit institutions430/8€3k€3k▲
Other loans439€34k€16k▼
Trade debts44€40k€102k▲
Suppliers440/4€40k€102k▲
Taxes, remuneration and social security45€8k€4k▼
Taxes450/3€2k€2k▼
Remuneration and social security454/9€5k€3k▼
Other amounts payable47/48€9k€0▼
Accrued charges and deferred income492/3€328€0▼
Income statement
Code20212022
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62€15k€14k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€395€177▼
Gross operating margin9900€33k€-61k▼
Operating profit (loss)9901€6k€-86k▼
Financial income75/76B€2k€988▼
Recurring financial income75€2k€988▼
Financial charges65/66B€6k€9k▲
Recurring financial charges65€6k€9k▲
Profit (loss) for the period before taxes9903€2k€-94k▼
Income taxes67/77€0-
Profit (loss) for the period9904€2k€-94k▼
Profit (loss) for the period to be appropriated9905€2k€-94k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-93k▼
Profit (loss) brought forward from the previous period14P€-447€2k▲
Transfer from equity791/2€0-
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4k | - |
| Remuneration, social security and pensions62 | - | - | €15k | €14k | ▼ 11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €7k | €9k | €10k | ▲ 12.1% |
| Other operating charges640/8 | - | - | €2k | €2k | ▼ 4.3% |
| Non-recurring operating charges66A | - | - | €395 | €177 | ▼ 55.4% |
| Gross operating margin9900 | €117k | €52k | €33k | €-61k | ▼ 285% |
| Operating profit (loss)9901 | €-438 | €7k | €6k | €-86k | ▼ 1,543% |
| Financial income75/76B | - | - | €2k | €988 | ▼ 41.0% |
| Recurring financial income75 | €111 | €2k | €2k | €988 | ▼ 41.0% |
| Financial charges65/66B | - | - | €6k | €9k | ▲ 61.8% |
| Recurring financial charges65 | €4k | €5k | €6k | €9k | ▲ 61.8% |
| Profit (loss) for the period before taxes9903 | €-4k | €4k | €2k | €-94k | ▼ 4,502% |
| Income taxes67/77 | - | €131 | €0 | - | - |
| Profit (loss) for the period9904 | €-4k | €3k | €2k | €-94k | ▼ 4,502% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €3k | €2k | €-94k | ▼ 4,502% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €126k | €133k | €149k | €177k | ▲ 18.9% |
| Fixed assets21/28 | €30k | €24k | €23k | €48k | ▲ 115% |
| Tangible fixed assets22/27 | €28k | €22k | €20k | €48k | ▲ 141% |
| Plant, machinery and equipment23 | - | - | €7k | €4k | ▼ 50.1% |
| Furniture and vehicles24 | - | - | €5k | €3k | ▼ 53.4% |
| Leasing and similar rights25 | - | - | €6k | €41k | ▲ 597% |
| Other tangible fixed assets26 | - | - | €1k | €783 | ▼ 32.7% |
| Financial fixed assets28 | €3k | €3k | €3k | €0 | ▼ 100% |
| Current assets29/58 | €96k | €109k | €126k | €128k | ▲ 1.8% |
| Amounts receivable after more than one year29 | - | - | €60k | €60k | = |
| Other amounts receivable291 | - | - | €60k | €60k | = |
| Stocks and contracts in progress3 | €7k | €3k | €7k | €4k | ▼ 47.4% |
| Stocks30/36 | - | - | €7k | €4k | ▼ 47.4% |
| Amounts receivable within one year40/41 | €69k | €27k | €34k | €61k | ▲ 77.8% |
| Trade receivables40 | - | - | €12k | €27 | ▼ 99.8% |
| Other amounts receivable41 | - | - | €22k | €61k | ▲ 176% |
| Cash at bank and in hand54/58 | €20k | €6k | €23k | €2k | ▼ 90.4% |
| Deferred charges and accrued income490/1 | - | - | €2k | €2k | ▼ 10.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €126k | €133k | €149k | €177k | ▲ 18.9% |
| Equity10/15 | €2k | €6k | €8k | €-74k | ▼ 1,037% |
| Contributions10/11 | €6k | - | €6k | €19k | ▲ 200% |
| Profit (loss) carried forward14 | €-4k | €-447 | €2k | €-93k | ▼ 5,563% |
| Amounts payable17/49 | €124k | €127k | €141k | €251k | ▲ 78.0% |
| Amounts payable after more than one year17 | - | - | €40k | €87k | ▲ 118% |
| Financial debts170/4 | - | - | €40k | €87k | ▲ 118% |
| Amounts payable within one year42/48 | €124k | €127k | €101k | €164k | ▲ 62.7% |
| Current portion of amounts payable after more than one year42 | - | - | €7k | €38k | ▲ 428% |
| Financial debts43 | - | - | €37k | €19k | ▼ 48.0% |
| Credit institutions430/8 | - | - | €3k | €3k | ▲ 7.0% |
| Other loans439 | - | - | €34k | €16k | ▼ 53.0% |
| Trade debts44 | €56k | €61k | €40k | €102k | ▲ 157% |
| Suppliers440/4 | - | - | €40k | €102k | ▲ 157% |
| Taxes, remuneration and social security45 | - | - | €8k | €4k | ▼ 41.7% |
| Taxes450/3 | - | - | €2k | €2k | ▼ 12.3% |
| Remuneration and social security454/9 | - | - | €5k | €3k | ▼ 53.0% |
| Other amounts payable47/48 | - | - | €9k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | €328 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €3k | €2k | €-94k | ▼ 4,502% |
| + Depreciation and write-downs630 | €8k | €7k | €9k | €10k | ▲ 12.1% |
| Operating cash flow (approximation) | €4k | €11k | €11k | €-84k | ▼ 867% |
| Investment in fixed assets (approximation) | - | €-1k | €-7k | €-36k | ▼ 410% |
| Change in cash | - | €-14k | €18k | €-21k | ▼ 220% |
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
2023
28-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 21-12-2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €-94k
Net result drops to €-94k, the lowest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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
Registered office, Kontich · 1 establishment unit since 2018
Ground area
122 m²
Building footprint
90 m²
Volume, LiDAR
905 m³
Parcel 11602C0338/00H002, Flanders · tallest building 13.5 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ELEA
since 20182.278.323.924
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602C0338/00H002 | Flanders | 122 m² | 1 · 89 m² | 13.5 m · 4 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WERENFRIED SCHWAGTEN PRINS BOUDEWIJN-
LAAN 177-179, 2610 WILRIJK (ANTWERPEN)- |
21-12-2023 → present |
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 6,352 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded08-08-2018
Fiscal year end30-09
Activities, NACEBEL 2025
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.