ELEAFIN
ActiveSummary
ELEAFIN has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33k and a net result of €-9k. Equity is shrinking by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 13% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-2
Solvency35▼-1
Growth28▲+2
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.78 against 0.82 in 2024; short-term debt: 49% and cash: 0% of total assets), and 89.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Eight 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 2025Solvency, return and age of the figures
Solvency
10.3%
Return on assets
-3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-9k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 4886 sector peers (2025).
NBB · sector comparisonPosition among 4886 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 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
5 d late
2024
7 d late
2023
on the day
2022
21 d late
2021
15 d late
2020
1 d early
2019
9 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€96k▲ 5.5%
2024 · €91k
2018: €130k
2019: €151k▲ +16.3% vs 2018
2020: €138k▼ -8.6% vs 2019
2021: €166k▲ +20.7% vs 2020
2022: €176k▲ +5.5% vs 2021highest in 8 years
2023: €135k▼ -23.3% vs 2022
2024: €91k▼ -32.4% vs 2023lowest in 8 years
2025: €96k▲ +5.5% vs 2024
2018 → 2025
EBIT margin
-2.9%▼ 9.3pp
2024 · 6.4%
2018: 11.3%
2019: -2.9%▼ -126% vs 2018
2020: -8.3%▼ -188% vs 2019
2021: 14.5%▲ +275% vs 2020highest in 8 years
2022: 7.9%▼ -45.8% vs 2021
2023: -12.6%▼ -260% vs 2022lowest in 8 years
2024: 6.4%▲ +151% vs 2023
2025: -2.9%▼ -146% vs 2024
2018 → 2025
Net result
€-9k▼ 383%
2024 · €-2k
2018: €20khighest in 8 years
2019: €-10k▼ -149% vs 2018
2020: €-16k▼ -68.7% vs 2019
2021: €13k▲ +182% vs 2020
2022: €3k▼ -74.0% vs 2021
2023: €-26k▼ -844% vs 2022lowest in 8 years
2024: €-2k▲ +92.4% vs 2023
2025: €-9k▼ -383% vs 2024
2018 → 2025
Working capital
€-34k▼ 9.4%
2024 · €-31k
2018: €166khighest in 8 years
2019: €119k▼ -28.2% vs 2018
2020: €132k▲ +11.1% vs 2019
2021: €82k▼ -37.8% vs 2020
2022: €29k▼ -64.8% vs 2021
2023: €9k▼ -67.8% vs 2022
2024: €-31k▼ -429% vs 2023
2025: €-34k▼ -9.4% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€166k-€176k▲ 5.5%€135k▼ 23.3%€91k▼ 32.4%€96k▲ 5.5%
2021: €166k
2022: €176k▲ +5.5% vs 2021highest in 5 years
2023: €135k▼ -23.3% vs 2022
2024: €91k▼ -32.4% vs 2023lowest in 5 years
2025: €96k▲ +5.5% vs 2024
Equity€66k-€70k▲ 5.2%€44k▼ 36.8%€42k▼ 4.4%€33k▼ 22.3%
2021: €66k
2022: €70k▲ +5.2% vs 2021highest in 5 years
2023: €44k▼ -36.8% vs 2022
2024: €42k▼ -4.4% vs 2023
2025: €33k▼ -22.3% vs 2024lowest in 5 years
Operating result€24k-€14k▼ 42.8%€-17k€6k€-3k
2021: €24khighest in 5 years
2022: €14k▼ -42.8% vs 2021
2023: €-17k▼ -223% vs 2022lowest in 5 years
2024: €6k▲ +134% vs 2023
2025: €-3k▼ -148% vs 2024
Net result€13k-€3k▼ 74.0%€-26k€-2k▲ 92.4%€-9k▼ 383%
2021: €13khighest in 5 years
2022: €3k▼ -74.0% vs 2021
2023: €-26k▼ -844% vs 2022lowest in 5 years
2024: €-2k▲ +92.4% vs 2023
2025: €-9k▼ -383% vs 2024
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €6k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €317k
Fixed assets
€196k ▼ 19.6%
Current assets
€122k ▼ 15.7%
Equity and liabilities €317k
Equity
€33k ▼ 22.3%
Debt
€285k ▼ 17.6%
Debt's share of the balance-sheet total rises from 89.1% to 89.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€45k▼
2024 · €53k
Cash flow
€38k▼
2024 · €45k
Current ratio
0.78▼
2024 · 0.82
Quick ratio
0.43▼
2024 · 0.44
Debt to equity
8.69▲
2024 · 8.20
ROE
-28.6%▼
2024 · -4.6%
ROA
-3.0%▼
2024 · -0.5%
Interest coverage
6.80▼
2024 · 6.87
Debt ≤ 1 year
€155k▼
2024 · €175k
Debt > 1 year
€129k▼
2024 · €170k
Staff costs
€400▲
2024 · €274
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 · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€388k€317k▼
Fixed assets21/28€243k€196k▼
Tangible fixed assets22/27€243k€196k▼
Plant, machinery and equipment23€243k€196k▼
Current assets29/58€144k€122k▼
Stocks and contracts in progress3€67k€54k▼
Stocks30/36€67k€54k▼
Amounts receivable within one year40/41€68k€67k▼
Trade receivables40€67k€67k=
Other amounts receivable41€1k-
Cash at bank and in hand54/58€9k€80▼
Equity and liabilities
Total equity and liabilities10/49€388k€317k▼
Equity10/15€42k€33k▼
Contributions10/11€84k€84k=
Capital10€84k€84k=
Issued capital100€84k€84k=
Profit (loss) carried forward14€-42k€-51k▼
Amounts payable17/49€345k€285k▼
Amounts payable after more than one year17€170k€129k▼
Financial debts170/4€121k€85k▼
Other amounts payable178/9€49k€45k▼
Amounts payable within one year42/48€175k€155k▼
Financial debts43-€1k
Credit institutions430/8-€1k
Trade debts44€33k€31k▼
Suppliers440/4€33k€31k▼
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48€142k€121k▼
Income statement
Code20242025
Turnover70€91k€96k▲
Goods, raw materials, services and sundry goods60/61€36k€50k▲
Remuneration, social security and pensions62€274€400▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€48k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€55k€46k▼
Operating profit (loss)9901€6k€-3k▼
Financial charges65/66B€8k€7k▼
Recurring financial charges65€8k€7k▼
Profit (loss) for the period before taxes9903€-2k€-9k▼
Profit (loss) for the period9904€-2k€-9k▼
Profit (loss) for the period to be appropriated9905€-2k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-42k€-51k▼
Profit (loss) brought forward from the previous period14P€-40k€-42k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €166k | €176k | €135k | €91k | €96k | ▲ 5.5% |
| Goods, raw materials, services and sundry goods60/61 | €62k | €65k | €56k | €36k | €50k | ▲ 38.3% |
| Remuneration, social security and pensions62 | €46k | €53k | €50k | €274 | €400 | ▲ 45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32k | €41k | €44k | €47k | €48k | ▲ 0.5% |
| Other operating charges640/8 | €3k | €3k | €3k | €2k | €1k | ▼ 29.2% |
| Non-recurring operating charges66A | - | - | €25 | - | - | - |
| Gross operating margin9900 | €104k | €111k | €79k | €55k | €46k | ▼ 15.8% |
| Operating profit (loss)9901 | €24k | €14k | €-17k | €6k | €-3k | ▼ 148% |
| Financial charges65/66B | €11k | €10k | €9k | €8k | €7k | ▼ 14.9% |
| Recurring financial charges65 | €11k | €10k | €9k | €8k | €7k | ▼ 14.9% |
| Non-recurring financial charges66B | - | €166 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €13k | €3k | €-26k | €-2k | €-9k | ▼ 383% |
| Transfer from deferred taxes780 | €1 | - | - | - | - | - |
| Profit (loss) for the period9904 | €13k | €3k | €-26k | €-2k | €-9k | ▼ 383% |
| Profit (loss) for the period to be appropriated9905 | €13k | €3k | €-26k | €-2k | €-9k | ▼ 383% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €381k | €427k | €349k | €388k | €317k | ▼ 18.1% |
| Fixed assets21/28 | €269k | €288k | €245k | €243k | €196k | ▼ 19.6% |
| Tangible fixed assets22/27 | €269k | €288k | €245k | €243k | €196k | ▼ 19.6% |
| Plant, machinery and equipment23 | €269k | €288k | €245k | €243k | €196k | ▼ 19.6% |
| Furniture and vehicles24 | €480 | €240 | - | - | - | - |
| Current assets29/58 | €111k | €139k | €104k | €144k | €122k | ▼ 15.7% |
| Stocks and contracts in progress3 | - | - | €57k | €67k | €54k | ▼ 19.1% |
| Stocks30/36 | - | - | €57k | €67k | €54k | ▼ 19.1% |
| Amounts receivable within one year40/41 | €111k | €109k | €46k | €68k | €67k | ▼ 1.5% |
| Trade receivables40 | €111k | €109k | €44k | €67k | €67k | = |
| Other amounts receivable41 | - | - | €2k | €1k | - | - |
| Cash at bank and in hand54/58 | - | €30k | €105 | €9k | €80 | ▼ 99.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €381k | €427k | €349k | €388k | €317k | ▼ 18.1% |
| Equity10/15 | €66k | €70k | €44k | €42k | €33k | ▼ 22.3% |
| Contributions10/11 | €84k | €84k | €84k | €84k | €84k | = |
| Capital10 | €84k | €84k | €84k | €84k | €84k | = |
| Issued capital100 | €84k | €84k | €84k | €84k | €84k | = |
| Profit (loss) carried forward14 | €-18k | €-14k | €-40k | €-42k | €-51k | ▼ 22.4% |
| Amounts payable17/49 | €314k | €357k | €305k | €345k | €285k | ▼ 17.6% |
| Amounts payable after more than one year17 | €285k | €248k | €210k | €170k | €129k | ▼ 24.1% |
| Financial debts170/4 | €224k | €190k | €157k | €121k | €85k | ▼ 30.1% |
| Other amounts payable178/9 | €61k | €57k | €53k | €49k | €45k | ▼ 9.4% |
| Amounts payable within one year42/48 | €29k | €110k | €95k | €175k | €155k | ▼ 11.3% |
| Financial debts43 | - | - | - | - | €1k | - |
| Credit institutions430/8 | - | - | - | - | €1k | - |
| Trade debts44 | €18k | €88k | €85k | €33k | €31k | ▼ 6.0% |
| Suppliers440/4 | €18k | €88k | €85k | €33k | €31k | ▼ 6.0% |
| Taxes, remuneration and social security45 | €9k | €11k | - | - | €2k | - |
| Taxes450/3 | €9k | €11k | - | - | €2k | - |
| Other amounts payable47/48 | €2k | €10k | €10k | €142k | €121k | ▼ 15.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €3k | €-26k | €-2k | €-9k | ▼ 383% |
| + Depreciation and write-downs630 | €32k | €41k | €44k | €47k | €48k | ▲ 0.5% |
| Operating cash flow (approximation) | €45k | €45k | €18k | €45k | €38k | ▼ 15.9% |
| Investment in fixed assets (approximation) | - | €-60k | €0 | €-46k | €0 | ▲ 100% |
| Change in cash | - | - | €-30k | €9k | €-9k | ▼ 200% |
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
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 5 days late
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 7 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 21 days late
2022
15-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 15 days late
2021
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
09-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 9 days late
2019
10-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 10 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 21 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Rixensart · 1 establishment unit since 2013
Ground area
2,829 m²
Building footprint
252 m²
Volume, LiDAR
2,406 m³
Parcel 25092B0490/00P000, Wallonia · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
ELEAFIN
since 20132.215.379.436
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25092B0490/00P000 | Wallonia | 2,829 m² | 1 · 252 m² | 12.0 m · 3 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.
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,571. 1,815 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
64999Other financial services
Scores and ratios are computed by Checked and are not a credit decision.