ELEBO
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
Two 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 · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline29-09-2026 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 19-07-2023, 12 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
12 d early
2021
24 d early
2020
1 d early
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 13 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
€1.3m▼ 34.2%
2021 · €1.9m
EBIT margin
60.7%▼ 11.6pp
2021 · 72.3%
Net result
€525,960▼ 43.3%
2021 · €928,025
Working capital
-€312,190▲ 63.6%
2021 · -€856,743
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Turnover€756,000-€756,000=€1.7m▲ 119%€1.9m▲ 15.2%€1.3m▼ 34.2%
Operating result€1.6m-€1.0m▼ 36.5%€1.0m▲ 1.4%€1.4m▲ 34.6%€762,596▼ 44.7%
Net result€1.5m-€978,631▼ 34.8%€643,960▼ 34.2%€928,025▲ 44.1%€525,960▼ 43.3%
EBIT margin210.7%-133.7%▼ 77.0pp61.9%▼ 71.8pp72.3%▲ 10.4pp60.7%▼ 11.6pp
Equity€11.2m-€12.2m▲ 8.7%€12.8m▲ 5.3%€13.7m▲ 7.2%€14.3m▲ 3.8%
Total assets€17.0m-€17.3m▲ 1.9%€18.1m▲ 4.6%€15.5m▼ 14.0%€16.3m▲ 4.7%
Debt€5.8m-€5.1m▼ 11.3%€5.3m▲ 3.0%€1.8m▼ 65.8%€2.0m▲ 11.2%
Working capital-€1.8m--€2.8m▼ 60.2%-€1.1m▲ 60.7%-€856,743▲ 22.7%-€312,190▲ 63.6%
Staff (FTE)4.8-4.4▼ 8.3%3.8▼ 13.6%3.4▼ 10.5%3▼ 11.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 45% below 2021 and is the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €16.3m
Fixed assets
€14.6m ▼ 0.1%
Current assets
€1.7m ▲ 78.9%
Equity and liabilities €16.3m
Equity
€14.3m ▲ 3.8%
Debt
€2.0m ▲ 11.2%
Debt's share of the balance-sheet total rises from 11.6% to 12.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€778,089▼
2021 · €1.4m
Cash flow
€541,453▼
2021 · €945,686
Current ratio
0.84▲
2021 · 0.52
Debt to equity
0.14▲
2021 · 0.13
ROE
3.7%▼
2021 · 6.8%
ROA
3.2%▼
2021 · 6.0%
Interest coverage
11.75▲
2021 · 6.63
Debt ≤ 1 year
€2.0m▲
2021 · €1.8m
Income taxes
€193,954▼
2021 · €314,004
Staff costs
€154,605▼
2021 · €189,430
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €1.9m | €1.3m | ▼ 34.0% |
| Turnover70 | €756,000 | €756,000 | €1.7m | €1.9m | €1.3m | ▼ 34.2% |
| Other operating income74 | - | - | - | €992 | €1,176 | ▲ 18.5% |
| Non-recurring operating income76A | - | - | - | - | €2,203 | - |
| Operating charges60/66A | - | - | - | €529,494 | €496,783 | ▼ 6.2% |
| Services and other goods61 | - | - | - | €319,921 | €323,549 | ▲ 1.1% |
| Remuneration, social security and pensions62 | - | - | - | €189,430 | €154,605 | ▼ 18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,223 | €21,290 | €25,759 | €17,661 | €15,493 | ▼ 12.3% |
| Other operating charges640/8 | - | - | - | €2,483 | €3,136 | ▲ 26.3% |
| Operating profit (loss)9901 | €1.6m | €1.0m | €1.0m | €1.4m | €762,596 | ▼ 44.7% |
| Financial income75/76B | - | - | - | €81,378 | €24,273 | ▼ 70.2% |
| Recurring financial income75 | €536,249 | €408,465 | €73,311 | €81,378 | €24,273 | ▼ 70.2% |
| Income from current assets751 | - | - | - | €81,361 | €23,914 | ▼ 70.6% |
| Other financial income752/9 | - | - | - | €18 | €359 | ▲ 1,949% |
| Financial charges65/66B | - | - | - | €218,797 | €66,955 | ▼ 69.4% |
| Recurring financial charges65 | €182,971 | €165,402 | €231,154 | €218,797 | €66,955 | ▼ 69.4% |
| Debt charges650 | €182,559 | €165,100 | €230,973 | €210,780 | €66,215 | ▼ 68.6% |
| Other financial charges652/9 | - | - | - | €8,017 | €740 | ▼ 90.8% |
| Profit (loss) for the period before taxes9903 | €1.9m | €1.3m | €867,285 | €1.2m | €719,914 | ▼ 42.0% |
| Income taxes67/77 | €444,583 | €275,356 | €223,325 | €314,004 | €193,954 | ▼ 38.2% |
| Taxes670/3 | - | - | - | €314,267 | €193,954 | ▼ 38.3% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €263 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €1.5m | €978,631 | €643,960 | €928,025 | €525,960 | ▼ 43.3% |
| Profit (loss) for the period to be appropriated9905 | €2.2m | €978,554 | €643,960 | €928,025 | €525,960 | ▼ 43.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17.0m | €17.3m | €18.1m | €15.5m | €16.3m | ▲ 4.7% |
| Fixed assets21/28 | €14.6m | €15.7m | €14.6m | €14.6m | €14.6m | ▼ 0.1% |
| Tangible fixed assets22/27 | €64,745 | €77,367 | €51,608 | €33,947 | €18,454 | ▼ 45.6% |
| Furniture and vehicles24 | - | - | - | €33,947 | €18,454 | ▼ 45.6% |
| Financial fixed assets28 | €14.5m | €15.6m | €14.6m | €14.6m | €14.6m | = |
| Affiliated companies280/1 | - | - | - | €14.6m | €14.6m | = |
| Participating interests280 | - | - | - | €14.6m | €14.6m | = |
| Current assets29/58 | €2.3m | €1.6m | €3.5m | €941,772 | €1.7m | ▲ 78.9% |
| Stocks and contracts in progress3 | - | - | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €2.1m | €636,045 | €1.9m | €366,855 | €1.2m | ▲ 220% |
| Trade receivables40 | - | - | - | €136,315 | €126,000 | ▼ 7.6% |
| Other amounts receivable41 | - | - | - | €230,541 | €1.0m | ▲ 355% |
| Cash at bank and in hand54/58 | €270,748 | €981,770 | €1.5m | €570,668 | €506,487 | ▼ 11.2% |
| Deferred charges and accrued income490/1 | - | - | - | €4,249 | €2,617 | ▼ 38.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17.0m | €17.3m | €18.1m | €15.5m | €16.3m | ▲ 4.7% |
| Equity10/15 | €11.2m | €12.2m | €12.8m | €13.7m | €14.3m | ▲ 3.8% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | = |
| Reserves13 | €11.2m | €12.2m | €12.8m | €13.7m | €14.3m | ▲ 3.8% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | €143 | €143 | = |
| Distributable reserves133 | - | - | - | €13.7m | €14.2m | ▲ 3.8% |
| Amounts payable17/49 | €5.8m | €5.1m | €5.3m | €1.8m | €2.0m | ▲ 11.2% |
| Amounts payable after more than one year17 | €1.7m | €666,433 | €693,490 | €0 | - | - |
| Other amounts payable178/9 | - | - | - | €0 | - | - |
| Amounts payable within one year42/48 | €4.1m | €4.4m | €4.6m | €1.8m | €2.0m | ▲ 11.0% |
| Trade debts44 | €99,864 | €35,278 | €35,632 | €61,968 | €63,897 | ▲ 3.1% |
| Suppliers440/4 | - | - | - | €61,968 | €63,897 | ▲ 3.1% |
| Taxes, remuneration and social security45 | - | - | - | €57,561 | €193,218 | ▲ 236% |
| Taxes450/3 | - | - | - | €29,051 | €171,802 | ▲ 491% |
| Remuneration and social security454/9 | - | - | - | €28,510 | €21,416 | ▼ 24.9% |
| Other amounts payable47/48 | - | - | - | €1.7m | €1.7m | ▲ 3.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | €3,100 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.5m | €978,631 | €643,960 | €928,025 | €525,960 | ▼ 43.3% |
| + Depreciation and write-downs630 | €13,223 | €21,290 | €25,759 | €17,661 | €15,493 | ▼ 12.3% |
| Operating cash flow (approximation) | €1.5m | €999,921 | €669,719 | €945,686 | €541,453 | ▼ 42.7% |
| Investment in fixed assets (approximation) | - | -€1.1m | €1.0m | €0 | €0 | - |
| Change in cash | - | €711,023 | €563,430 | -€974,532 | -€64,180 | ▲ 93.4% |
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
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €525,960 ▼43.3%
Net result drops to €525,960, the lowest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 119 days late
2018
26-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 118 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
02-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 63 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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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Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2022 list no shareholders, and no other source names one.
Holdings 3
-
100%
-
99.9%
-
96.81%
According to the 2022 annual accounts of ELEBO and those 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
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
549300ECMQZ5MFZ6RP40