Skip to content

ELEMENTAL

Active
Public limited companyfounded 2019active for 7 yearsZuiderlaan 1-3, 9000 Gent, BelgiumKBO/BCE: BE 0718.890.754
Summary

The computed 12-month bankruptcy probability of ELEMENTAL is 6.5% (elevated). The 2024 annual accounts show negative equity (-€657,858) and a net result of -€636,838. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 215 sector peers (NACE 32, financial year 2024). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Manufacture of medical and dental instruments and supplies
NACE 32500
1 site
Size
€1.6mtotal assets 2024
Equity
-€657,858
Loss
-€636,838
Turnover not published (abbreviated format)
Financial health
33 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
6.5%
Structure
Parent
Lausha NV
Accounts 71 days overdue0 of 6 deeds read
Why 33raises risk1 financial year not filed after the legal deadline; latest accounts 120 days late; 3 of the last 3 lateFigures for financial year 2024 (filed 04-12-2025)Liquidity: current ratio 0.85, cash €1,714, halvedlowers riskSize: total assets €1.6mShow the evidence

Checked score

Score 2024
33 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 9% of its sector peers (NACE 32, micro)
Financial strength · tick = 2023
Weak
Solvency 0-24
equity -40.5% of total assets
Liquidity 35+29
short-term debt 35.0% · cash 0.1%
Profitability 0=
return on assets -39.2%
Bankruptcy probability, 12 months
6.5% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (1,138 companies, NACE 32, micro)
Last 24 months 11-2024: 5.8% 12-2024: 6.3%▲ +0.5 percentage points vs 11-2024 01-2025: 2.5%▼ -3.8 percentage points vs 12-2024lowest value 02-2025: 2.5%● unchanged vs 01-2025lowest value 03-2025: 2.5%● unchanged vs 02-2025 04-2025: 2.6%▲ +0.1 percentage points vs 03-2025 05-2025: 2.5%▼ -0.1 percentage points vs 04-2025 06-2025: 2.5%● unchanged vs 05-2025 07-2025: 2.6%▲ +0.1 percentage points vs 06-2025 08-2025: 2.9%▲ +0.3 percentage points vs 07-2025 09-2025: 3.3%▲ +0.4 percentage points vs 08-2025 10-2025: 4.8%▲ +1.5 percentage points vs 09-2025 11-2025: 4.9%▲ +0.1 percentage points vs 10-2025 12-2025: 5.3%▲ +0.4 percentage points vs 11-2025 01-2026: 4.4%▼ -0.9 percentage points vs 12-2025 02-2026: 4.5%▲ +0.1 percentage points vs 01-2026 03-2026: 4.4%▼ -0.1 percentage points vs 02-2026 04-2026: 4.3%▼ -0.1 percentage points vs 03-2026 05-2026: 4.3%● unchanged vs 04-2026 06-2026: 4.1%▼ -0.2 percentage points vs 05-2026 07-2026: 3.8%▼ -0.3 percentage points vs 06-2026 08-2026: 4.2%▲ +0.4 percentage points vs 07-2026 09-2026: 4.8%▲ +0.6 percentage points vs 08-2026 10-2026: 6.5%▲ +1.7 percentage points vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.85, compared with 0.46 in 2023; short-term debt: 35% and cash: 0.1% of total assets), and equity is negative.
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 32, micro): better than 6% on solvency, 25% on liquidity, 6% on profitability and 1% on growth.

The bankruptcy probability was computed on 09-10-2026 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).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.
−lowers risk+raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 120 days late; 3 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2024 (filed 04-12-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.85, cash €1,714, halved
NBB · annual accounts
lowers risk · Size: total assets €1.6m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
192021222324
2019 to 2024 · latest year -€657,858
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-11-2025, 120 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers.
NBB · 6 filings
Deviation from the deadline
2025
not confirmed
2024
120 days late
2023
138 days late
2022
172 days late
2021
145 days late
2020
1 day early
2019
90 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 111 days after the deadline; the sector median (NACE 32) for financial year 2024 is 2 days before the deadline, and 40% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · abbreviated…
  2. Weakest financial yearnet -€636,838
  3. Annual accounts filedfinancial year 2023 · abbreviated…

Key points

  • Risk: Negative equityfinancial year 2024: debts exceed assets -€657,858 View
  • Risk: 6 loss-making years in a rowloss financial year 2024 -€636,838 View
  • Caution: Equity fell in 2024from -€21,020 to -€657,858 ▼ 3,030% View
  • Caution: Among the weakest 5% on net resultsector median €46,459 · 215 companies -€636,838 View
  • Caution: Accounts not fileddeadline was 31-07-2026 71 days late View
  • Controlled by Lausha NV parent View

By topic

Financials

Financial year
2024
Total assets
€1.6m
Loss
-€636,838
Solvency
-40.5%
Total assets▼ 10.0%
Net result
20192024
Go to Financials

Timeline

Events
9
Since
2020
  1. 19-01-2024Annual accounts filed
  2. 23-12-2022Annual accounts filed
  3. 31-12-2021Liquidity more than 7 times
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of medical and dental instruments and suppliesNACE 32500
Founded
18-01-2019
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

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.