Equity
ELEMENT61 has made a profit in every financial year since 2007.
ELEMENT61 has made a profit in every financial year since 2007.
The result rose in 2025: merger with WEQAN.
ELEMENT61 pays its suppliers 61 days earlier than in 2024. Customers pay 13 days earlier.
Short-term debts fell from €7.5m to €4.8m.
The last five annual accounts were filed 33 to 95 days before the end of the period.
The dashed line is the sector median: 0.1% across 802 companies (NACE 70, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 70, medium-sized). It does better than 46% of them on solvency, 26% on liquidity, 92% on profitability and 76% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 546 companies had the same profile as ELEMENT61 has now. Each dot stands for 2 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ELEMENT61 itself: 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 546 companies, not a prediction for ELEMENT61. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 3.15 (1.84 in 2024), above the usual 1.5. Short-term debt is 25.9% and cash 0.3% of total assets. 44.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 68 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ELEMENT61 Brussels | €27.6m | 16.2% | 55.6% | 98.7 |
| ECORYS BRUSSELS Brussels | €30.8m | 5.7% | 13.6% | 111.7 |
| CATALAY Antwerp | €18.3m | 7.2% | 18.8% | 104.2 |
| Ernst & Young Advisory Services Machelen (Brab.) | €36.6m | 2.8% | 30.4% | 114.2 |
| MONDELEZ BELGIUM SERVICES Mechelen | €48.4m | 2.1% | 21.5% | 142.5 |
| ENGIE MANAGEMENT COMPANY BELGIUM Brussels | €45.2m | 0.8% | 0.6% | 67.2 |
| EPAM SYSTEMS.BE Watermael-Boitsfort | €21.0m | -9.5% | 22.8% | 91.1 |
Grey: the largest companies of the sector (head offices and management consultancy (NACE 70)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as ELEMENT61: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €13m and €24m, founded between 1998 and 2010.
ELEMENT61 has existed since 2007. Turnover grew from €4.1m in 2012 to €27.6m in 2025 and staff from 10.6 to 98.7 full-time equivalents.
Turnover has grown every year since 2016. Solvency rose in 2025 from 40.9% to 55.6% because of the retained profit and lower debts.
In December 2025, the Official Gazette published the appointment of oberon mgmt as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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