ELEGA CONSTRUCTION
ActiveThe computed 12-month bankruptcy probability of ELEGA CONSTRUCTION is 2.3% (moderate). The 2025 annual accounts show equity of €13k and a net result of €21k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 20% of 27407 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency19▼-81
Growth58▼-20
Stability94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.78 against 3.18 in 2024), and 81.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
18.4%
Return on assets
29.4%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 27407 sector peers (2025).
NBB · sector comparisonPosition among 27407 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
26 d late
2024
3 d early
2023
27 d early
2022
39 d early
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€13k▼ 60.1%
2024 · €32k
2022: €16k
2023: €18k
2024: €32k
2022 → 2025
Total assets
€70k▲ 56.4%
2024 · €45k
2022: €22k
2023: €21k
2024: €45k
2022 → 2025
Net result
€21k▲ 32.9%
2024 · €15k
2022: €14k
2023: €2k
2024: €15k
2022 → 2025
Working capital
€-13k
2024 · €27k
2022: €16k
2023: €9k
2024: €27k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€16k-€18k▲ 7.6%€32k▲ 83.3%€13k▼ 60.1%
Operating result€19k-€3k▼ 85.6%€21k▲ 676%€27k▲ 30.1%
Net result€14k-€2k▼ 85.6%€15k▲ 657%€21k▲ 32.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 30% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70k
Fixed assets
€26k▲ 392%
Current assets
€44k▲ 12.3%
Equity and liabilities €70k
Equity
€13k▼ 60.1%
Debt
€57k▲ 359%
The debt ratio rises from 27.8% to 81.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€33k▲
2024 · €25k
Cash flow
€27k▲
2024 · €19k
Solvency
18.4%▼
2024 · 72.2%
Current ratio
0.78▼
2024 · 3.18
Quick ratio
0.78▼
2024 · 3.15
Debt / equity
4.43▲
2024 · 0.38
ROE
159.8%▲
2024 · 47.9%
ROA
29.4%▼
2024 · 34.6%
Interest coverage
720.70▲
2024 · 704.43
Debt
€57k▲
2024 · €12k
Debt ≤ 1 year
€57k▲
2024 · €12k
Income taxes
€7k▲
2024 · €6k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€45k€70k▲
Fixed assets21/28€5k€26k▲
Tangible fixed assets22/27€5k€26k▲
Furniture and vehicles24€5k€7k▲
Other tangible fixed assets26-€19k
Current assets29/58€40k€44k▲
Stocks and contracts in progress3€439-
Stocks30/36€439-
Amounts receivable within one year40/41€4k€11k▲
Trade receivables40€4k€11k▲
Cash at bank and in hand54/58€34k€33k▼
Deferred charges and accrued income490/1€515€495▼
Equity and liabilities
Total equity and liabilities10/49€45k€70k▲
Equity10/15€32k€13k▼
Contributions10/11€3k€3k=
Reserves13€29k€10k▼
Distributable reserves133€29k€10k▼
Amounts payable17/49€12k€57k▲
Amounts payable within one year42/48€12k€57k▲
Trade debts44€3k€5k▲
Suppliers440/4€3k€5k▲
Taxes, remuneration and social security45€8k€18k▲
Taxes450/3€8k€18k▲
Other amounts payable47/48€1k€35k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€6k▲
Other operating charges640/8€487€979▲
Gross operating margin9900€25k€34k▲
Operating profit (loss)9901€21k€27k▲
Financial income75/76B€97€159▲
Recurring financial income75€97€159▲
Financial charges65/66B€35€46▲
Recurring financial charges65€35€46▲
Profit (loss) for the period before taxes9903€21k€28k▲
Income taxes67/77€6k€7k▲
Profit (loss) for the period9904€15k€21k▲
Profit (loss) for the period to be appropriated9905€15k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€21k▲
Transfer from equity791/2-€19k
Transfer to equity691/2€15k-
To other reserves6921€15k-
Profit to be distributed694/7€800€40k▲
Return on contributions (dividend)694€800€40k▲
The notes to these accounts (5 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Highest result since 2022net €21k ▲32.9%
Operating result €27k, net result €21k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €2k ▼85.6%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Sint-Niklaas · 1 establishment unit since 2022
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.
Kemzekestraat 1029111 Sint-NiklaasGround area
1,244 m²
Building footprint
195 m²
Volume, LiDAR
908 m³
Parcel 46002A0057/00F000, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELEGA CONSTRUCTION
since 20222.328.061.762
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002A0057/00F000 | Flanders | 1,243 m² | 1 · 195 m² | 6.4 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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Of 7,247 companies in sector 43350 we hold annual accounts for 2,333. 1,529 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-02-2022
Fiscal year end31-12
Activities, NACEBEL
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:+32494676382