ELEFIN
ActiveSummary
ELEFIN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €149k and a net result of €53k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 93% of 1304 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
94
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+32
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 7.75 against 1.82 in 2024; short-term debt: 12.9% and cash: 100% of total assets), and 12.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
87.1%
Return on assets
31%
Age of the figures
12 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €149k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-03-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
44 d early
2023
43 d early
2022
54 d early
2021
52 d early
2020
38 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€149k▲ 55.3%
2024 · €96k
2018: €110k
2019: €102k
2020: €95k
2021: €87k
2022: €80k
2023: €82k
2024: €96k
2018 → 2025
Total assets
€171k▲ 58.4%
2024 · €108k
2018: €175k
2019: €162k
2020: €153k
2021: €143k
2022: €134k
2023: €125k
2024: €108k
2018 → 2025
Net result
€53k▲ 302%
2024 · €13k
2018: €1k
2019: €-8k
2020: €-7k
2021: €-8k
2022: €-7k
2023: €2k
2024: €13k
2018 → 2025
Working capital
€149k▲ 1,411%
2024 · €10k
2018: €-38k
2019: €-35k
2020: €-32k
2021: €-30k
2022: €-26k
2023: €-14k
2024: €10k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€87k-€80k▼ 8.2%€82k▲ 2.7%€96k▲ 16.0%€149k▲ 55.3%
Operating result€-10k-€-10k▲ 4.0%€3k€20k▲ 579%€82k▲ 316%
Net result€-8k-€-7k▲ 4.0%€2k€13k▲ 505%€53k▲ 302%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 316% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €171k
Equity
€149k ▲ 55.3%
Debt
€22k ▲ 82.9%
Debt's share of the balance-sheet total rises from 11.2% to 12.9%. Equity and debt are higher.
Key figures and ratios
Current ratio
7.75▲
2024 · 1.82
Debt to equity
0.15▲
2024 · 0.13
ROE
35.6%▲
2024 · 13.8%
ROA
31.0%▲
2024 · 12.2%
Debt ≤ 1 year
€22k▲
2024 · €12k
Income taxes
€29k▲
2024 · €7k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€108k€171k▲
Fixed assets21/28€86k-
Tangible fixed assets22/27€86k-
Land and buildings22€86k-
Current assets29/58€22k€171k▲
Amounts receivable within one year40/41€8k€55▼
Trade receivables40-€15
Other amounts receivable41€8k€40▼
Cash at bank and in hand54/58€14k€171k▲
Equity and liabilities
Total equity and liabilities10/49€108k€171k▲
Equity10/15€96k€149k▲
Contributions10/11€6k€6k=
Reserves13€89k€142k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311-€2k
Other1319€2k-
Distributable reserves133€88k€141k▲
Amounts payable17/49€12k€22k▲
Amounts payable within one year42/48€12k€22k▲
Trade debts44€76€601▲
Suppliers440/4€76€601▲
Taxes, remuneration and social security45€344€21k▲
Taxes450/3€344€21k▲
Other amounts payable47/48€12k-
Income statement
Code20242025
Non-recurring operating income76A-€65k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k-
Other operating charges640/8€806€751▼
Gross operating margin9900€31k€83k▲
Operating profit (loss)9901€20k€82k▲
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B-€0
Recurring financial charges65-€0
Profit (loss) for the period before taxes9903€20k€82k▲
Income taxes67/77€7k€29k▲
Profit (loss) for the period9904€13k€53k▲
Profit (loss) for the period to be appropriated9905€13k€53k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€53k▲
Transfer to equity691/2€13k€53k▲
To other reserves6921€13k€53k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €53k ▲302%
Operating result €82k, net result €53k, both a record.
30-09
Financial
Liquidity quadruplescurrent ratio 7.75
Current ratio from 1.82 to 7.75.
30-09
Financial
Equity above €100kEq €149k ▲55.3%
3 profitable years in a row build equity to €149k.
17-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity triplescurrent ratio 1.82
Current ratio from 0.68 to 1.82; short-term debt falls from €43k to €12k.
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €2k
Net result €2k after 4 loss-making years.
07-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
30-09
Financial
Weakest financial yearnet €-8k ▼655%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
13-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Dendermonde · 1 establishment unit since 2007
Ground area
689 m²
Building footprint
119 m²
Volume, LiDAR
554 m³
Parcel 42016C0593/00V000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hof ten Bos (OUD) 111, 9200 Dendermonde
since 20072.168.446.183
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42016C0593/00V000 | Flanders | 689 m² | 1 · 119 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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MEDISSEY
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Of 1,856 companies in sector 55204 we hold annual accounts for 450. 353 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded07-01-2008
Fiscal year end30-09
Activities, NACEBEL 2025
55204Guest rooms (bed and breakfast)
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.