ELEGANT CARS
ActiveSummary
The computed 12-month bankruptcy probability of ELEGANT CARS is 1.9% (moderate). The 2025 annual accounts show equity of €99k and a net result of €-53k. Equity is growing by ~32.2% per year across the filed fiscal years. Its solvency ranks better than 38% of 18280 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
34
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▼-66
Solvency45▼-12
Growth68▼-17
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity tight (current ratio 1.36 against 1.89 in 2024; short-term debt: 73.2% and cash: 1.8% of total assets), and 79.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
20.3%
Return on assets
-10.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-05-2026, 62 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
62 d early
2024
50 d early
2023
48 d early
2022
24 d early
2021
24 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€3.10M▼ 12.2%
2024 · €3.53M
2021: €237k
2022: €1.75M
2023: €2.10M
2024: €3.53M
2021 → 2025
EBIT margin
-1.5%▼ 5.5pp
2024 · 4.0%
2021: 0.3%
2022: 2.0%
2023: 0.1%
2024: 4.0%
2021 → 2025
Net result
€-53k
2024 · €94k
2021: €250
2022: €28k
2023: €583
2024: €94k
2021 → 2025
Working capital
€131k▼ 42.4%
2024 · €227k
2021: €30k
2022: €57k
2023: €79k
2024: €227k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€237k-€1.75M▲ 641%€2.10M▲ 19.6%€3.53M▲ 68.4%€3.10M▼ 12.2%
Equity€30k-€58k▲ 91.3%€58k▲ 1.0%€152k▲ 161%€99k▼ 34.9%
Operating result€700-€36k▲ 5,029%€3k▼ 91.9%€141k▲ 4,773%€-47k
Net result€250-€28k▲ 10,928%€583▼ 97.9%€94k▲ 16,014%€-53k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €47k after €141k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €489k
Fixed assets
€341 ▼ 57.1%
Current assets
€489k ▲ 1.8%
Equity and liabilities €489k
Equity
€99k ▼ 34.9%
Debt
€390k ▲ 18.7%
Debt's share of the balance-sheet total rises from 68.3% to 79.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-47k▼
2024 · €142k
Cash flow
€-53k▼
2024 · €95k
Current ratio
1.36▼
2024 · 1.89
Quick ratio
0.34▲
2024 · 0.27
Debt to equity
3.93▲
2024 · 2.15
ROE
-53.6%▼
2024 · 61.6%
ROA
-10.9%▼
2024 · 19.5%
Interest coverage
-5.10▼
2024 · 9.62
Debt ≤ 1 year
€358k▲
2024 · €253k
Debt > 1 year
€32k▼
2024 · €75k
Income taxes
€-3k▼
2024 · €32k
Staff costs
€34k▲
2024 · €31k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€481k€489k▲
Fixed assets21/28€795€341▼
Tangible fixed assets22/27€795€341▼
Furniture and vehicles24€795€341▼
Current assets29/58€480k€489k▲
Stocks and contracts in progress3€413k€365k▼
Stocks30/36€413k€365k▼
Amounts receivable within one year40/41€67k€115k▲
Trade receivables40€54k€77k▲
Other amounts receivable41€13k€38k▲
Cash at bank and in hand54/58€312€9k▲
Deferred charges and accrued income490/1€325-
Equity and liabilities
Total equity and liabilities10/49€481k€489k▲
Equity10/15€152k€99k▼
Contributions10/11€30k€30k=
Profit (loss) carried forward14€122k€69k▼
Amounts payable17/49€328k€390k▲
Amounts payable after more than one year17€75k€32k▼
Financial debts170/4€75k€32k▼
Amounts payable within one year42/48€253k€358k▲
Current portion of amounts payable after more than one year42€94k€243k▲
Trade debts44€57k€51k▼
Suppliers440/4€57k€51k▼
Taxes, remuneration and social security45€59k€41k▼
Taxes450/3€55k€35k▼
Remuneration and social security454/9€4k€6k▲
Other amounts payable47/48€43k€23k▼
Income statement
Code20242025
Turnover70€3.53M€3.10M▼
Goods, raw materials, services and sundry goods60/61€3.35M€3.11M▼
Remuneration, social security and pensions62€31k€34k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€657€453▼
Other operating charges640/8€4k€2k▼
Non-recurring operating charges66A€149-
Gross operating margin9900€177k€-11k▼
Operating profit (loss)9901€141k€-47k▼
Financial income75/76B€12€413▲
Recurring financial income75€12€413▲
Financial charges65/66B€15k€9k▼
Recurring financial charges65€15k€9k▼
Profit (loss) for the period before taxes9903€126k€-56k▼
Income taxes67/77€32k€-3k▼
Profit (loss) for the period9904€94k€-53k▼
Profit (loss) for the period to be appropriated9905€94k€-53k▼
Appropriation of the result
Profit (loss) to be appropriated9906€122k€69k▼
Profit (loss) brought forward from the previous period14P€28k€122k▲
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
30-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-53k ▼157%
Net result drops to €-53k, the lowest in the series.
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €94k ▲16014%
Operating result €141k, net result €94k, both a record.
31-12
Financial
Equity above €150kEq €152k ▲161%
4 profitable years in a row build equity to €152k.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Putte · 1 establishment unit since 2021
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.
Kapelstraat 842580 PutteGround area
2,610 m²
Building footprint
441 m²
Volume, LiDAR
1,714 m³
2 parcels, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ELEGANT CARS
since 20212.311.784.073
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12029A0295/02E000 | Flanders | 1,972 m² | 1 · 290 m² | 6.5 m · 1 fl. |
| 12001C0217/00B003 | Flanders | 638 m² | 1 · 151 m² | 5.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Garage Philippin-Pirard
BE 0892.855.997
Comblain-au-Pont · Eq €99,208
Auto-Bart
BE 0770.931.848
Mortsel · Eq €99,267
carselect.be
BE 0477.984.029
Sint-Truiden · Eq €99,284
DDP4X4
BE 0478.445.867
Comines-Warneton · Eq €99,047
TRUST DEAL MOTORS
BE 0737.927.005
Beersel · Eq €99,035
Of 10,671 companies in sector 47811 we hold annual accounts for 5,222. 3,638 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
Founded18-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.