Financials
- Fiscal year
- 2025
- Total assets
- €20.3m
- Profit
- €169,641
- Solvency
- 55.1%
Total assets▲ 48.0%
Net result
20182025
Elegast
ActiveSummary
Elegast has been active since 1956 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.2m and a net result of €169,641. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 55% of 509 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
What they do
Residential care activities
NACE 87991Education NACE 85313NACE 87901
#7 oldest company in the province of Antwerp, Residential care sector11 sites
How big
€20.3mtotal assets 2025
- Staff
- 191.6 FTE
- Equity
- €11.2m
- Profit
- €169,641
Turnover not published (abridged schema)
Who decides
- Board
- 7 members
Auditor: Moore AuditAccounts 52 d early
Why 95+ Legal form Non-profit association+ Liquidity: current ratio 3.34, cash €7.5m+ Sector Residential care activities (NACE 87)+ Founded in 1956Show the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Better than 58% of its sector peers (NACE 87, medium-sized)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
80-20
equity 55.1% of total assets
Liquidity
93-3
short-term debt 15.1% · cash 37.2%
Profitability
48-24
return on assets 0.8%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%highest value
12-2024: 0.1%● 0.0% vs 11-2024highest value
01-2025: 0.1%● 0.0% vs 12-2024highest value
02-2025: 0.1%● 0.0% vs 01-2025highest value
03-2025: 0.1%● 0.0% vs 02-2025highest value
04-2025: 0.1%● 0.0% vs 03-2025highest value
05-2025: 0.1%● 0.0% vs 04-2025highest value
06-2025: 0.1%● 0.0% vs 05-2025highest value
07-2025: 0.1%● 0.0% vs 06-2025highest value
08-2025: 0.1%● 0.0% vs 07-2025highest value
09-2025: 0.1%● 0.0% vs 08-2025highest value
10-2025: 0.1%● 0.0% vs 09-2025highest value
11-2025: 0.1%● 0.0% vs 10-2025highest value
12-2025: 0.1%● 0.0% vs 11-2025highest value
01-2026: 0.1%● 0.0% vs 12-2025highest value
02-2026: 0.1%● 0.0% vs 01-2026highest value
03-2026: 0.1%● 0.0% vs 02-2026highest value
04-2026: 0.1%● 0.0% vs 03-2026highest value
05-2026: 0.1%● 0.0% vs 04-2026highest value
06-2026: 0.1%● 0.0% vs 05-2026highest value
07-2026: 0.1%● 0.0% vs 06-2026highest value
08-2026: 0.1%● 0.0% vs 07-2026highest value
09-2026: 0.1%● 0.0% vs 08-2026highest value
10-2026: 0.1%● 0.0% vs 09-2026highest value
- Legal form Non-profit association lowers the probability
- Liquidity: current ratio 3.34, cash €7.5m lowers the probability
- Sector Residential care activities (NACE 87) lowers the probability
- Founded in 1956 lowers the probability for this profile
Credit up to €1,050,000 at 30 days acceptable
Liquidity ample (current ratio 3.34 against 4.56 in 2024; short-term debt: 15.1% and cash: 37.2% of total assets), and 44.9% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 87, medium-sized). Better than this share of them on solvency 61%, liquidity 98%, profitability 25%, growth against the median 48%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
30 d early
2023
35 d early
2022
39 d early
2021
34 d early
2020
37 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 27 days before the deadline, and 25% of the sector filed late.
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. Usually files around 27 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Resignations: Raphael Vaasen (director) and Marc…Appointments: Marc de Lint (director)…
- Permanent representative: Ellen TindemansState Gazette act
Key points
- Caution: Result fell in 2025from €370,051 to €169,641 ▼ 54.2% View
- Positive: Oldest company in the province of Antwerp, Residential…in the Checked rankings #7 View
- Flemish supportawarded 2022 - 2025 €53.2m View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Directors leftlatest change 08-12-2025 · 7 in office 2 left View
- Active since 1956founded 12-05-1956 70 years View
By topic
Board & ownership
- Board
- 7 members
- Auditor
- Moore Audit
Go to Board & ownership
Network & group
- Connected companies
- 28
- Mergers and contributions
- 1
Timeline
- Events
- 34
- Since
- 2007
- Next accounts
- by 31-07-2027
- 09-06-2026Annual accounts filed
- 03-03-2026Resignations: Raphael Vaasen (director) and Marc Parmentier…
- 03-11-2025Permanent representative: Ellen Tindemans
Company details
- Sites
- 11
- Legal form
- Non-profit association
- Activity
- Residential care activitiesNACE 87991
- Founded
- 12-05-1956
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- De VZW heeft tot doel maximale ontplooiing te bieden aan kinderen, jongeren en…
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