ELEMENT
ActiveSummary
ELEMENT has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,985 and a net result of €786. Equity remains stable across the filed financial years (±0.9% per year). Its solvency ranks better than 8% of 9,844 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €20,985
- Profit
- €786
- Parent
- ALIV GROUP · 100%
- Holdings
- 1
- ALIV GROUPDirector · permanent representative Piet LABEEUW
- EMICHLEODirector · permanent representative Henk COTTENIE
- ARLINOMADirector
Why 84raises riskEquity €20,985 (0.5% of total assets)Sector: Specialised construction activities (NACE 43)lowers riskSize: total assets €4.5mFigures for financial year 2025 (filed 03-06-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small): better than 4% on solvency, 10% on liquidity, 14% on profitability and 45% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 31 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Back to profitnet €786
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 69% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction 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).
Peer companies
Historical observationOf the 1,217 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96.0% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,217 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | €1,585 | €47,620 | €31,035 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €6,088 | €10,093 | €4,259 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,609 | €32,839 | €43,827 | €61,912 | €56,920 | €62,354 | €91,602 | €95,786 | ▲ 4.6% |
| Other operating charges640/8 | - | - | - | €10,537 | €9,639 | €31,018 | €88,272 | €107,536 | ▲ 21.8% |
| Gross operating margin9900 | €45,851 | €61,473 | €107,834 | €121,550 | €173,279 | €153,448 | €468,167 | €293,973 | ▼ 37.2% |
| Operating profit (loss)9901 | €15,905 | €15,735 | €27,375 | €43,014 | €96,627 | €55,817 | €288,293 | €90,651 | ▼ 68.6% |
| Financial income75/76B | - | - | - | €272 | €1,517 | €4,646 | €1,055 | €1,660 | ▲ 57.4% |
| Recurring financial income75 | €2,247 | €1,962 | €2,615 | €272 | €1,517 | €4,646 | €1,055 | €1,660 | ▲ 57.4% |
| Financial charges65/66B | - | - | - | €23,063 | €69,524 | €35,832 | €63,070 | €85,469 | ▲ 35.5% |
| Recurring financial charges65 | €692 | €704 | €1,228 | €23,063 | €69,524 | €35,832 | €63,070 | €85,469 | ▲ 35.5% |
| Profit (loss) for the period before taxes9903 | €17,460 | €16,993 | €28,762 | €20,223 | €28,620 | €24,631 | €226,277 | €6,841 | ▼ 97.0% |
| Income taxes67/77 | €17,087 | €16,794 | €27,250 | €18,953 | €22,000 | €18,996 | €328,106 | €6,055 | ▼ 98.2% |
| Profit (loss) for the period9904 | €373 | €199 | €1,511 | €1,270 | €6,620 | €5,635 | -€101,829 | €786 | - |
| Profit (loss) for the period to be appropriated9905 | €373 | €159 | €1,511 | €1,270 | €6,620 | €5,635 | -€101,829 | €786 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.1m | €1.9m | €1.8m | €2.7m | €4.9m | €4.5m | €5.6m | €4.5m | ▼ 20.1% |
| Fixed assets21/28 | €0.1m | €0.4m | €0.3m | €0.3m | €0.2m | €0.5m | €0.5m | €0.4m | ▼ 18.2% |
| Intangible fixed assets21 | - | - | - | - | - | €0.04m | €0.03m | €0.02m | ▼ 28.7% |
| Tangible fixed assets22/27 | €0.1m | €0.2m | €0.1m | €0.1m | €0.07m | €0.3m | €0.3m | €0.2m | ▼ 27.3% |
| Plant, machinery and equipment23 | - | - | - | €0.01m | €0.008m | €0.004m | €0.003m | €0.001m | ▼ 70.6% |
| Furniture and vehicles24 | - | - | - | €0.08m | €0.06m | €0.3m | €0.3m | €0.2m | ▼ 26.9% |
| Financial fixed assets28 | €0.003m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 0.6% |
| Current assets29/58 | €2.0m | €1.4m | €1.5m | €2.4m | €4.7m | €4.1m | €5.1m | €4.1m | ▼ 20.3% |
| Stocks and contracts in progress3 | €0.6m | €0.6m | €0.7m | €1.5m | €1.9m | €1.8m | €1.4m | €1.7m | ▲ 17.8% |
| Stocks30/36 | - | - | - | €1.5m | €1.9m | €1.8m | €1.4m | €1.7m | ▲ 17.8% |
| Amounts receivable within one year40/41 | €1.2m | €0.7m | €0.7m | €0.8m | €2.5m | €2.1m | €3.6m | €2.2m | ▼ 39.4% |
| Trade receivables40 | - | - | - | €0.7m | €2.4m | €2.0m | €3.4m | €2.0m | ▼ 40.1% |
| Other amounts receivable41 | - | - | - | €0.09m | €0.1m | €0.1m | €0.2m | €0.1m | ▼ 26.8% |
| Cash at bank and in hand54/58 | €0.2m | €0.06m | €0.2m | €0.1m | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 96.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.006m | €0.08m | €0.007m | €0.01m | €0.02m | ▲ 44.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.1m | €1.9m | €1.8m | €2.7m | €4.9m | €4.5m | €5.6m | €4.5m | ▼ 20.1% |
| Equity10/15 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.02m | €0.02m | ▲ 3.9% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.09m | €0.09m | €0.09m | €0.09m | €0.1m | €0.1m | €0.002m | €0.002m | ▲ 49.2% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €40 | €40 | €40 | €40 | €40 | = |
| Distributable reserves133 | - | - | - | €0.09m | €0.1m | €0.1m | €0.002m | €0.002m | ▲ 50.4% |
| Amounts payable17/49 | €2.0m | €1.7m | €1.7m | €2.6m | €4.8m | €4.4m | €5.6m | €4.5m | ▼ 20.2% |
| Amounts payable after more than one year17 | €0.2m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Financial debts170/4 | - | - | - | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Amounts payable within one year42/48 | €1.8m | €0.4m | €0.4m | €1.3m | €3.5m | €3.1m | €4.2m | €3.1m | ▼ 26.5% |
| Trade debts44 | €0.8m | €0.4m | €0.4m | €0.5m | €1.8m | €0.8m | €1.0m | €0.5m | ▼ 44.9% |
| Suppliers440/4 | - | - | - | €0.5m | €1.8m | €0.8m | €1.0m | €0.5m | ▼ 44.9% |
| Advances received on contracts in progress46 | - | - | - | €0.2m | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.04m | €0.03m | €0.09m | €0.08m | ▼ 7.9% |
| Taxes450/3 | - | - | - | €0.02m | €0.04m | €0.03m | €0.09m | €0.08m | ▼ 7.9% |
| Remuneration and social security454/9 | - | - | - | - | €265 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.6m | €1.7m | €2.2m | €3.2m | €2.5m | ▼ 21.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.01m | €0.01m | €0.02m | €0.02m | ▼ 9.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €373 | €199 | €1,511 | €1,270 | €6,620 | €5,635 | -€101,829 | €786 | - |
| + Depreciation and write-downs630 | €12,609 | €32,839 | €43,827 | €61,912 | €56,920 | €62,354 | €91,602 | €95,786 | ▲ 4.6% |
| Operating cash flow (approximation) | €12,982 | €33,038 | €45,338 | €63,182 | €63,540 | €67,989 | -€10,227 | €96,573 | - |
| Investment in fixed assets (approximation) | - | -€319,848 | €85,684 | -€25,508 | -€28,608 | -€309,529 | -€88,365 | -€8,936 | ▲ 89.9% |
| Change in cash | - | -€118,412 | €100,708 | -€68,676 | €139,708 | -€97,986 | -€33,454 | €100,007 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 01-06-2026 | 2026-00133476 |
| 31-12-2024 | abbreviated format | 02-06-2025 | 2025-00117068 |
| 31-12-2023 | abbreviated format | 27-05-2024 | 2024-00099882 |
| 31-12-2022 | abbreviated format | 31-05-2023 | 2023-00103547 |
| 31-12-2021 | abbreviated format | 26-08-2022 | 2022-20339156 |
| 31-12-2020 | abbreviated format | 30-06-2021 | 2021-27600148 |
| 31-12-2019 | abbreviated format | 02-09-2020 | 2020-50000230 |
| 31-12-2018 | abbreviated format | 21-06-2019 | 2019-20900194 |
| 31-12-2017 | abbreviated format | 13-06-2018 | 2018-18300089 |
| 31-12-2016 | abbreviated format | 29-05-2017 | 2017-13300312 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Permanent representatives 2
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| EMICHLEO |
|
| ALIV GROUP |
|
| ARLINOMAfrom an act |
|
Owners and capital
Owners
2 ownersChain of control
- Aliv group BV
- ALIV GROUP
- ELEMENT
Highest known parent: Aliv group BV. The sources do not say who stands above it.
Owners 2
- ALIV GROUPparent100%
- Aliv group BVconsolidating parentconsolidates
According to the 2025 annual accounts of ELEMENT and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
34.95%
According to the 2025 annual accounts of ELEMENT and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
7 connected companiesShow 3 more companies with a shared director
History
Acts, filings and financial milestones
24-04
Gazette deed
Resignations: ARLINOMA (manager) and EMICHLEO (manager)Appointment: ARLINOMA (statutory director) · Permanent representative: Piet LABEEUW · Reappointment: EMICHLEO (director)20 facts ▸
- General meeting, 24-03-2023
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “Wet van 23-03-2019 tot invoering van het Wetboek van vennootschappen en verenigingen”, 01-01-2020 (deed in Dutch)
- Capital conversion, “overzetting” (deed in Dutch)
- Capital (2 times)
- Purpose change
- Director resignation, ARLINOMA (manager)
- Director appointment, ARLINOMA (statutory director)
- Permanent representative, Piet LABEEUW
- Director resignation, EMICHLEO (manager)
- Director reappointment, EMICHLEO (director (not named in the articles))
- Other provision, “aanvaarding mandaat en verbodsbepaling” (deed in Dutch)
- +8 further facts in this act
09-09
Gazette deed
Appointment: Emichleo (director)Permanent representative: Henk Cottenie3 facts ▸
- General meeting, 01-06-2022
- Director appointment, Emichleo (director)
- Permanent representative, Henk Cottenie
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0881.054.067
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44809I0556/00Z003 | Flanders | 1,556 m² | 1 · 144 m² | 20.5 m · 3 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ELEMENT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan bevoegd zetel binnen België te verplaatsen voor zover geen wijziging taal statuten vereist krachtens…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “ARTIKEL 14. VERTEGENWOORDIGINGSBEVOEGDHEID De statutaire bestuurder is bevoegd om de vennootschap te vertegenwoordigen in en buiten rechte…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde termijn, één of meer bestuurders” (deed in Dutch)“Gewone meerderheid van stemmen, in principe onbezoldigd” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Saturday of May at 18:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Eerst schuldeisers en kosten vereffening, liquidatiesaldo onder aandeelhouders na betaling of consignatie” (deed in Dutch)