ELEMENT
ActiveSummary
ELEMENT has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €200,623 and a net result of -€18,627. Equity remains stable across the filed financial years (±2% per year). Its solvency ranks better than 67% of 2,028 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Financials · financial year 2025, abbreviated format
Equity
€200,623▼ 8.5%
2024 · €219,249
Total assets
€318,926▼ 16.3%
2024 · €381,179
Net result
-€18,627
2024 · €3,982
Working capital
-€49,051▼ 85.5%
2024 · -€26,445
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €15,067 after €9,791 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€15,067
2025
Net result-€18,627
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€318,926
2025
Equity€200,623
2025
Debt€118,303
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€49,051
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-5.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency62.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.35
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0.5
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€6,197--€3,632-€5,773▼ 59.0%-€1,573▲ 72.8%-€1,183▲ 24.8%-€9,339▼ 690%€9,791-€15,067
Net result-€2,660--€6,059▼ 128%-€8,664below the sector's middle half▼ 43.0%-€3,230below the sector's middle half▲ 62.7%-€428within the sector's middle half▲ 86.7%-€5,484below the sector's middle half▼ 1,180%€3,982within the sector's middle half-€18,627below the sector's middle half
Equity€239,132-€233,073▼ 2.5%€224,409within the sector's middle half▼ 3.7%€221,180within the sector's middle half▼ 1.4%€220,751within the sector's middle half▼ 0.2%€215,268within the sector's middle half▼ 2.5%€219,249within the sector's middle half▲ 1.8%€200,623within the sector's middle half▼ 8.5%
Total assets€386,170-€348,001▼ 9.9%€299,100within the sector's middle half▼ 14.1%€279,610within the sector's middle half▼ 6.5%€269,810within the sector's middle half▼ 3.5%€270,273within the sector's middle half▲ 0.2%€381,179within the sector's middle half▲ 41.0%€318,926within the sector's middle half▼ 16.3%
Debt€147,039-€114,928▼ 21.8%€74,691▼ 35.0%€58,431▼ 21.8%€49,059▼ 16.0%€55,006▲ 12.1%€161,929▲ 194%€118,303▼ 26.9%
Working capital-€22,547--€34,089▼ 51.2%-€18,801within the sector's middle half▲ 44.8%-€19,578within the sector's middle half▼ 4.1%-€14,912within the sector's middle half▲ 23.8%-€16,066below the sector's middle half▼ 7.7%-€26,445below the sector's middle half▼ 64.6%-€49,051below the sector's middle half▼ 85.5%
Solvency61.9%-67.0%▲ 5.1pp75.0%above the sector's middle half▲ 8.1pp79.1%above the sector's middle half▲ 4.1pp81.8%above the sector's middle half▲ 2.7pp79.6%above the sector's middle half▼ 2.2pp57.5%within the sector's middle half▼ 22.1pp62.9%within the sector's middle half▲ 5.4pp
Current ratio0.73-0.63▼ 0.100.75below the sector's middle half▲ 0.120.66below the sector's middle half▼ 0.080.70below the sector's middle half▲ 0.030.71below the sector's middle half▲ 0.010.72below the sector's middle half▲ 0.010.35below the sector's middle half▼ 0.37
Return on assets (ROA)-0.7%--1.7%▼ 1.1pp-2.9%below the sector's middle half▼ 1.2pp-1.2%below the sector's middle half▲ 1.7pp-0.2%below the sector's middle half▲ 1.0pp-2.0%below the sector's middle half▼ 1.9pp1.0%within the sector's middle half▲ 3.1pp-5.8%below the sector's middle half▼ 6.9pp
Staff (FTE)0.8-0.8=0.8below the sector's middle half=0.8below the sector's middle half=0.8below the sector's middle half=0.8within the sector's middle half=0.8within the sector's middle half=0.5within the sector's middle half▼ 37.5%
above
within
below
the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €318,926
Fixed assets
€292,105 ▼ 6.8%
Current assets
€26,821 ▼ 60.4%
Equity and liabilities €318,926
Equity
€200,623 ▼ 8.5%
Debt
€118,303 ▼ 26.9%
Debt's share of the balance-sheet total falls from 42.5% to 37.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6,320▼
2024 · €27,468
Cash flow
€2,760▼
2024 · €21,658
Debt to equity
0.59▼
2024 · 0.74
ROE
-9.3%▼
2024 · 1.8%
Interest coverage
1.94▼
2024 · 8.19
Debt ≤ 1 year
€75,872▼
2024 · €94,132
Debt > 1 year
€42,231▼
2024 · €60,195
Income taxes
€297▼
2024 · €2,454
Staff costs
€40,255▼
2024 · €57,234
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €38,000 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €28,554 | €44,018 | €57,847 | €57,234 | €40,255 | ▼ 29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,865 | €48,186 | €47,754 | €5,549 | €5,095 | €4,330 | €17,676 | €21,387 | ▲ 21.0% |
| Other operating charges640/8 | - | - | - | €2,042 | €2,192 | €2,783 | €5,005 | €4,669 | ▼ 6.7% |
| Gross operating margin9900 | €107,279 | €97,140 | €68,979 | €34,572 | €50,122 | €55,620 | €89,707 | €51,244 | ▼ 42.9% |
| Operating profit (loss)9901 | €6,197 | -€3,632 | -€5,773 | -€1,573 | -€1,183 | -€9,339 | €9,791 | -€15,067 | ▼ 254% |
| Financial income75/76B | - | - | - | €60 | €4,502 | €6,000 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | €60 | €149 | €60 | €4,502 | €6,000 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €1,432 | €1,263 | €1,466 | €3,356 | €3,263 | ▼ 2.8% |
| Recurring financial charges65 | €2,691 | €1,869 | €1,522 | €1,432 | €1,263 | €1,466 | €3,356 | €3,263 | ▼ 2.8% |
| Profit (loss) for the period before taxes9903 | €3,506 | -€5,441 | -€7,146 | -€2,945 | €2,056 | -€4,806 | €6,436 | -€18,330 | ▼ 385% |
| Income taxes67/77 | €6,166 | €618 | €1,518 | €285 | €2,484 | €678 | €2,454 | €297 | ▼ 87.9% |
| Profit (loss) for the period9904 | -€2,660 | -€6,059 | -€8,664 | -€3,230 | -€428 | -€5,484 | €3,982 | -€18,627 | ▼ 568% |
| Profit (loss) for the period to be appropriated9905 | -€2,660 | -€6,059 | -€8,664 | -€3,230 | -€428 | -€5,484 | €3,982 | -€18,627 | ▼ 568% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €386,170 | €348,001 | €299,100 | €279,610 | €269,810 | €270,273 | €381,179 | €318,926 | ▼ 16.3% |
| Fixed assets21/28 | €325,016 | €290,964 | €243,210 | €240,758 | €235,663 | €231,333 | €313,492 | €292,105 | ▼ 6.8% |
| Tangible fixed assets22/27 | €105,690 | €71,638 | €23,884 | €21,432 | €16,337 | €12,007 | €94,166 | €72,779 | ▼ 22.7% |
| Furniture and vehicles24 | - | - | - | €4,612 | €3,493 | €2,375 | €2,065 | €1,755 | ▼ 15.0% |
| Leasing and similar rights25 | - | - | - | - | - | - | €83,579 | €63,612 | ▼ 23.9% |
| Other tangible fixed assets26 | - | - | - | €16,820 | €12,844 | €9,633 | €8,522 | €7,412 | ▼ 13.0% |
| Financial fixed assets28 | €219,326 | €219,326 | €219,326 | €219,326 | €219,326 | €219,326 | €219,326 | €219,326 | = |
| Current assets29/58 | €61,154 | €57,037 | €55,890 | €38,852 | €34,147 | €38,940 | €67,687 | €26,821 | ▼ 60.4% |
| Amounts receivable within one year40/41 | €205 | €2,030 | €1,788 | €12,838 | €0 | €18,150 | €39,505 | €19,303 | ▼ 51.1% |
| Trade receivables40 | - | - | - | €12,625 | €0 | €18,150 | €34,427 | €12,100 | ▼ 64.9% |
| Other amounts receivable41 | - | - | - | €213 | €0 | - | €5,078 | €7,203 | ▲ 41.8% |
| Current investments50/53 | €2,336 | €2,336 | €2,336 | €2,336 | €2,336 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €56,861 | €50,154 | €49,175 | €20,099 | €28,073 | €20,072 | €28,181 | €5,179 | ▼ 81.6% |
| Deferred charges and accrued income490/1 | - | - | - | €3,580 | €3,739 | €718 | €0 | €2,339 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €386,170 | €348,001 | €299,100 | €279,610 | €269,810 | €270,273 | €381,179 | €318,926 | ▼ 16.3% |
| Equity10/15 | €239,132 | €233,073 | €224,409 | €221,180 | €220,751 | €215,268 | €219,249 | €200,623 | ▼ 8.5% |
| Contributions10/11 | €173,500 | €173,500 | - | €173,500 | €173,500 | €173,500 | €173,500 | €173,500 | = |
| Reserves13 | €10,750 | €10,750 | €10,750 | €10,750 | €10,750 | €10,750 | €10,750 | €10,750 | = |
| Non-distributable reserves130/1 | - | - | - | €10,492 | €10,492 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €10,492 | €10,492 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €258 | €258 | €10,750 | €10,750 | €10,750 | = |
| Profit (loss) carried forward14 | €54,882 | €48,824 | €40,160 | €36,930 | €36,501 | €31,018 | €35,000 | €16,373 | ▼ 53.2% |
| Amounts payable17/49 | €147,039 | €114,928 | €74,691 | €58,431 | €49,059 | €55,006 | €161,929 | €118,303 | ▼ 26.9% |
| Amounts payable after more than one year17 | €63,337 | €23,801 | €0 | - | - | - | €60,195 | €42,231 | ▼ 29.8% |
| Financial debts170/4 | - | - | - | - | - | - | €60,195 | €42,231 | ▼ 29.8% |
| Amounts payable within one year42/48 | €83,701 | €91,127 | €74,691 | €58,431 | €49,059 | €55,006 | €94,132 | €75,872 | ▼ 19.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | - | - | €17,324 | €17,964 | ▲ 3.7% |
| Financial debts43 | - | - | - | - | €203 | €0 | - | - | - |
| Credit institutions430/8 | - | - | - | - | €203 | €0 | - | - | - |
| Trade debts44 | €5,948 | €1,749 | €991 | €2,677 | €2,731 | €685 | €26,504 | €6,262 | ▼ 76.4% |
| Suppliers440/4 | - | - | - | €2,677 | €2,731 | €685 | €26,504 | €6,262 | ▼ 76.4% |
| Taxes, remuneration and social security45 | - | - | - | €14,444 | €16,015 | €17,713 | €12,631 | €4,846 | ▼ 61.6% |
| Taxes450/3 | - | - | - | €12,035 | €11,877 | €11,652 | €6,637 | €4,846 | ▼ 27.0% |
| Remuneration and social security454/9 | - | - | - | €2,409 | €4,138 | €6,061 | €5,994 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €41,309 | €30,110 | €36,607 | €37,673 | €46,800 | ▲ 24.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €7,602 | €201 | ▼ 97.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,660 | -€6,059 | -€8,664 | -€3,230 | -€428 | -€5,484 | €3,982 | -€18,627 | ▼ 568% |
| + Depreciation and write-downs630 | €46,865 | €48,186 | €47,754 | €5,549 | €5,095 | €4,330 | €17,676 | €21,387 | ▲ 21.0% |
| Operating cash flow (approximation) | €44,205 | €42,128 | €39,090 | €2,320 | €4,667 | -€1,154 | €21,658 | €2,760 | ▼ 87.3% |
| Investment in fixed assets (approximation) | - | -€14,134 | €0 | -€3,098 | €0 | €0 | -€99,835 | €0 | ▲ 100% |
| Change in cash | - | -€6,707 | -€979 | -€29,075 | €7,973 | -€8,001 | €8,109 | -€23,002 | ▼ 384% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of the 9,754 companies in this sector, figures are known for 3,773. 2,818 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: not fully processed yet. The notices from April 2023 to September 2026 are still being read.