ELEMENT42
Dissolved and wound up on 24-03-2026Financials · financial year 2025, micro format
Annual accounts 2025 filed on 13-03-2026 at the NBB all 3 filings
Equity
-€15,142▼ 95.9%
2024 · -€7,729
Total assets
€984▼ 51.6%
2024 · €2,035
Net result
-€7,413▼ 144%
2024 · -€3,033
Working capital
-€15,155▼ 94.3%
2024 · -€7,802
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
-€7,252
▼ 151%
2025
20232025
Net result
-€7,413
▼ 144%
2025
20232025
Equity
-€15,142
▼ 95.9%
2025
20232025
Total assets
€984
▼ 51.6%
2025
20232025
Debt
€16,126
▲ 65.2%
2025
20232025
Working capital
-€15,155
▼ 94.3%
2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result-€3,561--€2,888▲ 18.9%-€7,252▼ 151%
Net result-€3,683--€3,033▲ 17.6%-€7,413▼ 144%
Equity-€4,696--€7,729▼ 64.6%-€15,142▼ 95.9%
Total assets€1,465-€2,035▲ 38.9%€984▼ 51.6%
Debt€6,161-€9,764▲ 58.5%€16,126▲ 65.2%
Working capital-€4,832--€7,802▼ 61.5%-€15,155▼ 94.3%
The operating result for 2025 is a loss of €7,252, larger than the loss of €2,888 in 2024. It is the lowest result since 2023.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €984
Fixed assets
€13 ▼ 82.0%
Current assets
€971 ▼ 50.5%
Equity and liabilities
Equity-€15,142
Debt€16,126
Equity is negative. Debt (€16,126) exceeds the balance-sheet total (€984).
Key figures and ratios
EBITDA
-€7,192▼
2024 · -€2,824
Cash flow
-€7,354▼
2024 · -€2,970
Interest coverage
-38.83▼
2024 · -19.32
Debt ≤ 1 year
€16,126▲
2024 · €9,764
The ratios are withheld because a balance sheet total of €984 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,150 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €159 | €64 | €59 | ▼ 7.0% |
| Other operating charges640/8 | €132 | €144 | €141 | ▼ 2.5% |
| Gross operating margin9900 | -€3,270 | -€2,680 | -€7,052 | ▼ 163% |
| Operating profit (loss)9901 | -€3,561 | -€2,888 | -€7,252 | ▼ 151% |
| Financial income75/76B | €0 | €1 | €24 | ▲ 30× |
| Recurring financial income75 | €0 | €1 | €24 | ▲ 30× |
| Financial charges65/66B | €122 | €146 | €185 | ▲ 26.7% |
| Recurring financial charges65 | €122 | €146 | €185 | ▲ 26.7% |
| Profit (loss) for the period before taxes9903 | -€3,683 | -€3,033 | -€7,413 | ▼ 144% |
| Profit (loss) for the period9904 | -€3,683 | -€3,033 | -€7,413 | ▼ 144% |
| Profit (loss) for the period to be appropriated9905 | -€3,683 | -€3,033 | -€7,413 | ▼ 144% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1,465 | €2,035 | €984 | ▼ 51.6% |
| Fixed assets21/28 | €136 | €72 | €13 | ▼ 82.0% |
| Tangible fixed assets22/27 | €136 | €72 | €13 | ▼ 82.0% |
| Furniture and vehicles24 | €136 | €72 | €13 | ▼ 82.0% |
| Current assets29/58 | €1,329 | €1,963 | €971 | ▼ 50.5% |
| Amounts receivable within one year40/41 | €522 | €1,565 | €897 | ▼ 42.7% |
| Trade receivables40 | €145 | €1,087 | - | - |
| Other amounts receivable41 | €377 | €478 | €897 | ▲ 87.6% |
| Cash at bank and in hand54/58 | €656 | €398 | €74 | ▼ 81.4% |
| Deferred charges and accrued income490/1 | €152 | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1,465 | €2,035 | €984 | ▼ 51.6% |
| Equity10/15 | -€4,696 | -€7,729 | -€15,142 | ▼ 95.9% |
| Contributions10/11 | €16,000 | €16,000 | €16,000 | = |
| Profit (loss) carried forward14 | -€20,696 | -€23,729 | -€31,142 | ▼ 31.2% |
| Amounts payable17/49 | €6,161 | €9,764 | €16,126 | ▲ 65.2% |
| Amounts payable within one year42/48 | €6,161 | €9,764 | €16,126 | ▲ 65.2% |
| Trade debts44 | €451 | €1,666 | €6,855 | ▲ 312% |
| Suppliers440/4 | €451 | €1,666 | €6,855 | ▲ 312% |
| Taxes, remuneration and social security45 | €5 | - | €11 | - |
| Taxes450/3 | €5 | - | €11 | - |
| Other amounts payable47/48 | €5,705 | €8,099 | €9,261 | ▲ 14.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,683 | -€3,033 | -€7,413 | ▼ 144% |
| + Depreciation and write-downs630 | €159 | €64 | €59 | ▼ 7.0% |
| Operating cash flow (approximation) | -€3,524 | -€2,970 | -€7,354 | ▼ 148% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€258 | -€324 | ▼ 25.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.