Summary
ELEMCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €18,550 and a net result of €17,664. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 20% of 8102 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 8102 sector peers (2025).
NBB · sector comparisonPosition among 8102 sector peers
Solvency
better than 20%
← weakest
strongest →
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 28-04-2026, 94 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
94 d early
2024
1 d late
2023
1 d early
2022
16 d late
2021
20 d early
2020
11 d early
2019
25 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 19 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 31 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€18,550▼ 83.6%
2024 · €112,862
Net result
€17,664▼ 58.4%
2024 · €42,498
Total assets
€129,855▼ 18.8%
2024 · €159,939
Solvency
14.3%▼ 56.3pp
2024 · 70.6%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€42,978▲ 156%€55,997▲ 30.3%€63,983▲ 14.3%€59,194▼ 7.5%€31,187▼ 47.3%
Net result€30,772within the sector's middle half▲ 188%€40,914within the sector's middle half▲ 33.0%€46,364within the sector's middle half▲ 13.3%€42,498within the sector's middle half▼ 8.3%€17,664within the sector's middle half▼ 58.4%
Equity€104,085within the sector's middle half▲ 70.7%€144,999within the sector's middle half▲ 39.3%€160,364within the sector's middle half▲ 10.6%€112,862within the sector's middle half▼ 29.6%€18,550below the sector's middle half▼ 83.6%
Total assets€142,858within the sector's middle half▼ 4.1%€183,811within the sector's middle half▲ 28.7%€297,149within the sector's middle half▲ 61.7%€159,939within the sector's middle half▼ 46.2%€129,855within the sector's middle half▼ 18.8%
Debt€38,773▼ 55.9%€38,811▲ 0.1%€136,786▲ 252%€47,077▼ 65.6%€111,305▲ 136%
Working capital€55,441within the sector's middle half▼ 3.6%€100,835within the sector's middle half▲ 81.9%€115,550within the sector's middle half▲ 14.6%€103,553within the sector's middle half▼ 10.4%€60,944within the sector's middle half▼ 41.1%
Solvency72.9%within the sector's middle half▲ 31.9pp78.9%above the sector's middle half▲ 6.0pp54.0%within the sector's middle half▼ 24.9pp70.6%within the sector's middle half▲ 16.6pp14.3%below the sector's middle half▼ 56.3pp
Current ratio2.43within the sector's middle half▲ 0.683.60within the sector's middle half▲ 1.171.85within the sector's middle half▼ 1.757.75above the sector's middle half▲ 5.913.41within the sector's middle half▼ 4.35
Return on assets (ROA)21.5%within the sector's middle half▲ 14.4pp22.3%within the sector's middle half▲ 0.7pp15.6%within the sector's middle half▼ 6.7pp26.6%above the sector's middle half▲ 11.0pp13.6%within the sector's middle half▼ 13.0pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 47% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €129,855
Fixed assets
€43,574 ▲ 6.1%
Current assets
€86,281 ▼ 27.4%
Equity and liabilities €129,855
Equity
€18,550 ▼ 83.6%
Debt
€111,305 ▲ 136%
Debt's share of the balance-sheet total rises from 29.4% to 85.7%. Equity is lower and debt is higher.
Key figures and ratios
ROE
95.2%▲
2024 · 37.7%
Debt ≤ 1 year
€25,337▲
2024 · €15,335
Debt > 1 year
€85,968▲
2024 · €31,742
Income taxes
€9,656▼
2024 · €14,221
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,246 | €9,246 | €9,306 | €9,536 | €10,450 | ▲ 9.6% |
| Other operating charges640/8 | €1,193 | €1,408 | €1,360 | €1,900 | €2,490 | ▲ 31.1% |
| Gross operating margin9900 | €50,417 | €66,651 | €74,648 | €70,630 | €44,127 | ▼ 37.5% |
| Operating profit (loss)9901 | €42,978 | €55,997 | €63,983 | €59,194 | €31,187 | ▼ 47.3% |
| Financial income75/76B | €307 | €0 | - | €6 | €38 | ▲ 514% |
| Recurring financial income75 | €307 | €0 | - | €6 | €38 | ▲ 514% |
| Financial charges65/66B | €1,071 | €1,215 | €841 | €2,482 | €3,906 | ▲ 57.4% |
| Recurring financial charges65 | €1,071 | €1,215 | €841 | €2,482 | €3,906 | ▲ 57.4% |
| Profit (loss) for the period before taxes9903 | €42,214 | €54,782 | €63,142 | €56,719 | €27,320 | ▼ 51.8% |
| Income taxes67/77 | €11,442 | €13,868 | €16,778 | €14,221 | €9,656 | ▼ 32.1% |
| Profit (loss) for the period9904 | €30,772 | €40,914 | €46,364 | €42,498 | €17,664 | ▼ 58.4% |
| Profit (loss) for the period to be appropriated9905 | €30,772 | €40,914 | €46,364 | €42,498 | €17,664 | ▼ 58.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €142,858 | €183,811 | €297,149 | €159,939 | €129,855 | ▼ 18.8% |
| Fixed assets21/28 | €48,644 | €44,164 | €45,056 | €41,051 | €43,574 | ▲ 6.1% |
| Tangible fixed assets22/27 | €48,644 | €44,164 | €45,056 | €41,051 | €43,574 | ▲ 6.1% |
| Plant, machinery and equipment23 | €1,034 | €777 | €4,830 | €3,538 | €2,246 | ▼ 36.5% |
| Furniture and vehicles24 | €11,876 | €7,611 | €5,748 | €3,086 | €8,259 | ▲ 168% |
| Other tangible fixed assets26 | €35,735 | €35,776 | €34,478 | €34,427 | €33,069 | ▼ 3.9% |
| Current assets29/58 | €94,214 | €139,647 | €252,093 | €118,888 | €86,281 | ▼ 27.4% |
| Amounts receivable within one year40/41 | €58,982 | €73,370 | €71,546 | €44,246 | €19,243 | ▼ 56.5% |
| Trade receivables40 | €46,426 | €58,608 | €71,546 | €43,467 | €16,342 | ▼ 62.4% |
| Other amounts receivable41 | €12,556 | €14,762 | €0 | €779 | €2,902 | ▲ 272% |
| Cash at bank and in hand54/58 | €30,917 | €62,569 | €177,604 | €71,402 | €62,971 | ▼ 11.8% |
| Deferred charges and accrued income490/1 | €4,315 | €3,708 | €2,943 | €3,240 | €4,067 | ▲ 25.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €142,858 | €183,811 | €297,149 | €159,939 | €129,855 | ▼ 18.8% |
| Equity10/15 | €104,085 | €144,999 | €160,364 | €112,862 | €18,550 | ▼ 83.6% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €85,535 | €126,449 | €141,814 | €94,312 | €0 | ▼ 100% |
| Distributable reserves133 | €85,535 | €126,449 | €141,814 | €94,312 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €38,773 | €38,811 | €136,786 | €47,077 | €111,305 | ▲ 136% |
| Amounts payable after more than one year17 | €0 | - | €243 | €31,742 | €85,968 | ▲ 171% |
| Other amounts payable178/9 | €0 | - | €243 | €31,742 | €85,968 | ▲ 171% |
| Amounts payable within one year42/48 | €38,773 | €38,811 | €136,543 | €15,335 | €25,337 | ▲ 65.2% |
| Financial debts43 | - | - | - | - | €1,157 | - |
| Credit institutions430/8 | - | - | - | - | €1,157 | - |
| Trade debts44 | €23,059 | €7,624 | €14,887 | €1,524 | €1,984 | ▲ 30.1% |
| Suppliers440/4 | €23,059 | €7,624 | €14,887 | €1,524 | €1,984 | ▲ 30.1% |
| Advances received on contracts in progress46 | - | - | €96,000 | €0 | - | - |
| Taxes, remuneration and social security45 | €15,714 | €31,187 | €25,656 | €13,810 | €22,196 | ▲ 60.7% |
| Taxes450/3 | €15,714 | €31,187 | €25,656 | €13,810 | €22,196 | ▲ 60.7% |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,772 | €40,914 | €46,364 | €42,498 | €17,664 | ▼ 58.4% |
| + Depreciation and write-downs630 | €6,246 | €9,246 | €9,306 | €9,536 | €10,450 | ▲ 9.6% |
| Operating cash flow (approximation) | €37,018 | €50,161 | €55,670 | €52,034 | €28,113 | ▼ 46.0% |
| Investment in fixed assets (approximation) | - | -€4,766 | -€10,198 | -€5,531 | -€12,973 | ▼ 135% |
| Change in cash | - | €31,652 | €115,035 | -€106,202 | -€8,432 | ▲ 92.1% |
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
Next filing, fiscal year 2026, expected by
2026
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
31-12
Financial
Liquidity quadruplescurrent ratio 7.75
Current ratio from 1.85 to 7.75; short-term debt falls from €136,543 to €15,335.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €46,364 ▲13.3%
Operating result €63,983, net result €46,364, both a record.
31-12
Financial
Equity above €150,000Eq €160,364 ▲10.6%
5 profitable years in a row build equity to €160,364.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €104,085 ▲70.7%
3 profitable years in a row build equity to €104,085.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €10,688 ▼75.8%
Net result drops to €10,688, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Maasmechelen · 1 establishment unit since 2018
Ground area
1,091 m²
Building footprint
213 m²
Volume, LiDAR
1,780 m³
Parcel 73048E0430/00F000, Flanders · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ELEMCO
since 20182.275.172.909
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73048E0430/00F000 | Flanders | 1,091 m² | 1 · 213 m² | 13.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
LAELA
BE 0553.575.733
Hove · Eq €18,550
CIBUS Consult
BE 0612.970.021
Wingene · Eq €18,550
FELICITAS
BE 0628.907.319
Nazareth-De Pinte · Eq €18,550
BELIXA
BE 0632.633.307
Zulte · Eq €18,550
IVES VAN WINGENE
BE 0656.604.381
Geetbets · Eq €18,550
Of 24,721 companies in this sector we hold annual accounts for 19,804. 7,169 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded16-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
62200Computer consultancy and computer facilities management
63920Other information service activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0694777742
Also
9925:BE0694777742
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.