Summary
ELEMENTAL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €63,034 and a net result of €34,494. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 54% of 9251 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2025, micro schema
Equity
€63,034▲ 3.7%
2024 · €60,757
Net result
€34,494▲ 346%
2024 · €7,740
Total assets
€111,833▲ 37.9%
2024 · €81,076
Solvency
56.4%▼ 18.6pp
2024 · 74.9%
Trend over the years
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result recovers in 2025; 2025 is 280% above 2024.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result€49,351
2025
Net result€34,494
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€111,833
2025
Equity€63,034
2025
Debt€48,799
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€8,684
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)30.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency56.4%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.21
2025
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€3,578-€10,069▲ 181%€8,692▼ 13.7%€17,578▲ 102%€32,685▲ 85.9%€58,740▲ 79.7%€12,977▼ 77.9%€49,351▲ 280%
Net result€1,351-€6,480▲ 379%€4,820within the sector's middle half▼ 25.6%€11,273within the sector's middle half▲ 134%€23,603within the sector's middle half▲ 109%€44,400within the sector's middle half▲ 88.1%€7,740within the sector's middle half▼ 82.6%€34,494within the sector's middle half▲ 346%
Equity€46,064-€46,544▲ 1.0%€44,364within the sector's middle half▼ 4.7%€44,637within the sector's middle half▲ 0.6%€51,097within the sector's middle half▲ 14.5%€59,497within the sector's middle half▲ 16.4%€60,757within the sector's middle half▲ 2.1%€63,034within the sector's middle half▲ 3.7%
Total assets€50,989-€57,924▲ 13.6%€58,970below the sector's middle half▲ 1.8%€52,197below the sector's middle half▼ 11.5%€73,729below the sector's middle half▲ 41.3%€112,134below the sector's middle half▲ 52.1%€81,076below the sector's middle half▼ 27.7%€111,833below the sector's middle half▲ 37.9%
Debt€4,925-€11,380▲ 131%€14,606▲ 28.4%€7,561▼ 48.2%€22,632▲ 199%€52,637▲ 133%€20,318▼ 61.4%€48,799▲ 140%
Working capital€44,884-€50,574▲ 12.7%€41,940within the sector's middle half▼ 17.1%€43,141within the sector's middle half▲ 2.9%€50,508within the sector's middle half▲ 17.1%€56,465within the sector's middle half▲ 11.8%€44,950within the sector's middle half▼ 20.4%€8,684within the sector's middle half▼ 80.7%
Solvency90.3%-80.4%▼ 10.0pp75.2%within the sector's middle half▼ 5.1pp85.5%above the sector's middle half▲ 10.3pp69.3%within the sector's middle half▼ 16.2pp53.1%within the sector's middle half▼ 16.2pp74.9%within the sector's middle half▲ 21.9pp56.4%within the sector's middle half▼ 18.6pp
Current ratio10.11-8.05▼ 2.063.87above the sector's middle half▼ 4.186.71above the sector's middle half▲ 2.833.23within the sector's middle half▼ 3.472.11within the sector's middle half▼ 1.123.24within the sector's middle half▲ 1.131.21within the sector's middle half▼ 2.03
Return on assets (ROA)2.7%-11.2%▲ 8.5pp8.2%within the sector's middle half▼ 3.0pp21.6%within the sector's middle half▲ 13.4pp32.0%above the sector's middle half▲ 10.4pp39.6%above the sector's middle half▲ 7.6pp9.5%within the sector's middle half▼ 30.0pp30.8%above the sector's middle half▲ 21.3pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €111,833
Fixed assets
€61,368 ▲ 282%
Current assets
€50,465 ▼ 22.4%
Equity and liabilities €111,833
Equity
€63,034 ▲ 3.7%
Debt
€48,799 ▲ 140%
Debt's share of the balance-sheet total rises from 25.1% to 43.6%. Equity and debt are higher.
Key figures and ratios
ROE
54.7%▲
2024 · 12.7%
Debt ≤ 1 year
€41,781▲
2024 · €20,047
Debt > 1 year
€7,018▲
2024 · €272
Income taxes
€14,370▲
2024 · €4,789
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 |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,222 | €1,003 | €461 | €942 | €907 | €1,991 | €3,909 | €7,793 | ▲ 99.4% |
| Other operating charges640/8 | - | - | - | €1,810 | €709 | €927 | €645 | €616 | ▼ 4.5% |
| Gross operating margin9900 | €9,592 | €11,143 | €10,122 | €20,330 | €34,301 | €61,658 | €17,530 | €57,760 | ▲ 229% |
| Operating profit (loss)9901 | €3,578 | €10,069 | €8,692 | €17,578 | €32,685 | €58,740 | €12,977 | €49,351 | ▲ 280% |
| Financial income75/76B | - | - | - | €1 | €0 | €147 | €76 | €144 | ▲ 89.6% |
| Recurring financial income75 | €151 | €2 | €0 | €1 | €0 | €147 | €76 | €144 | ▲ 89.6% |
| Financial charges65/66B | - | - | - | €356 | €687 | €718 | €524 | €632 | ▲ 20.7% |
| Recurring financial charges65 | €160 | €107 | €174 | €356 | €687 | €718 | €524 | €632 | ▲ 20.7% |
| Profit (loss) for the period before taxes9903 | €3,569 | €9,963 | €8,517 | €17,223 | €31,998 | €58,168 | €12,529 | €48,864 | ▲ 290% |
| Income taxes67/77 | €2,217 | €3,484 | €3,697 | €5,951 | €8,395 | €13,768 | €4,789 | €14,370 | ▲ 200% |
| Profit (loss) for the period9904 | €1,351 | €6,480 | €4,820 | €11,273 | €23,603 | €44,400 | €7,740 | €34,494 | ▲ 346% |
| Profit (loss) for the period to be appropriated9905 | €1,351 | €6,480 | €4,820 | €11,273 | €23,603 | €44,400 | €7,740 | €34,494 | ▲ 346% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €50,989 | €57,924 | €58,970 | €52,197 | €73,729 | €112,134 | €81,076 | €111,833 | ▲ 37.9% |
| Fixed assets21/28 | €1,180 | €177 | €2,438 | €1,495 | €588 | €4,889 | €16,079 | €61,368 | ▲ 282% |
| Tangible fixed assets22/27 | €1,180 | €177 | €2,438 | €1,495 | €588 | €4,889 | €16,079 | €61,368 | ▲ 282% |
| Furniture and vehicles24 | - | - | - | €1,495 | €588 | €4,889 | €16,079 | €61,368 | ▲ 282% |
| Current assets29/58 | €49,809 | €57,747 | €56,533 | €50,702 | €73,141 | €107,245 | €64,997 | €50,465 | ▼ 22.4% |
| Stocks and contracts in progress3 | €7,844 | €6,641 | €6,456 | €4,781 | €3,174 | €3,029 | €3,029 | €1,529 | ▼ 49.5% |
| Stocks30/36 | - | - | - | €4,781 | €3,174 | €3,029 | €3,029 | €1,529 | ▼ 49.5% |
| Amounts receivable within one year40/41 | €18,678 | €15,311 | €11,451 | €9,989 | €0 | €34,847 | €34,403 | €43,734 | ▲ 27.1% |
| Trade receivables40 | - | - | - | €9,939 | €0 | €34,847 | €34,130 | €35,569 | ▲ 4.2% |
| Other amounts receivable41 | - | - | - | €49 | €0 | - | €273 | €8,165 | ▲ 2,894% |
| Cash at bank and in hand54/58 | €23,287 | €35,795 | €30,496 | €28,416 | €63,901 | €67,363 | €22,714 | €659 | ▼ 97.1% |
| Deferred charges and accrued income490/1 | - | - | - | €7,517 | €6,066 | €2,005 | €4,851 | €4,544 | ▼ 6.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €50,989 | €57,924 | €58,970 | €52,197 | €73,729 | €112,134 | €81,076 | €111,833 | ▲ 37.9% |
| Equity10/15 | €46,064 | €46,544 | €44,364 | €44,637 | €51,097 | €59,497 | €60,757 | €63,034 | ▲ 3.7% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €34,144 | €31,964 | €32,237 | €38,697 | €47,097 | €48,357 | €50,634 | ▲ 4.7% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €30,377 | €38,697 | €47,097 | €48,357 | €50,634 | ▲ 4.7% |
| Profit (loss) carried forward14 | €31,804 | €30,453 | €31,804 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €4,925 | €11,380 | €14,606 | €7,561 | €22,632 | €52,637 | €20,318 | €48,799 | ▲ 140% |
| Amounts payable after more than one year17 | - | - | - | - | - | €1,858 | €272 | €7,018 | ▲ 2,482% |
| Financial debts170/4 | - | - | - | - | - | €1,858 | €272 | €7,018 | ▲ 2,482% |
| Amounts payable within one year42/48 | €4,925 | €7,173 | €14,593 | €7,561 | €22,632 | €50,780 | €20,047 | €41,781 | ▲ 108% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €1,512 | €1,586 | €2,667 | ▲ 68.1% |
| Trade debts44 | €2,287 | €434 | €445 | €208 | €4,892 | €163 | €74 | €915 | ▲ 1,129% |
| Suppliers440/4 | - | - | - | €208 | €4,892 | €163 | €74 | €915 | ▲ 1,129% |
| Taxes, remuneration and social security45 | - | - | - | €6,822 | €5,451 | €10,256 | €9,299 | €5,981 | ▼ 35.7% |
| Taxes450/3 | - | - | - | €6,822 | €2,619 | €10,256 | €9,299 | €5,981 | ▼ 35.7% |
| Remuneration and social security454/9 | - | - | - | - | €2,832 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €531 | €12,289 | €38,849 | €9,087 | €32,217 | ▲ 255% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,351 | €6,480 | €4,820 | €11,273 | €23,603 | €44,400 | €7,740 | €34,494 | ▲ 346% |
| + Depreciation and write-downs630 | €1,222 | €1,003 | €461 | €942 | €907 | €1,991 | €3,909 | €7,793 | ▲ 99.4% |
| Operating cash flow (approximation) | €2,574 | €7,483 | €5,281 | €12,215 | €24,510 | €46,391 | €11,649 | €42,287 | ▲ 263% |
| Investment in fixed assets (approximation) | - | €0 | -€2,722 | €0 | €0 | -€6,292 | -€15,099 | -€53,082 | ▼ 252% |
| Change in cash | - | €12,508 | -€5,299 | -€2,080 | €35,486 | €3,462 | -€44,650 | -€22,055 | ▲ 50.6% |
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 24,723 companies in this sector we hold annual accounts for 20,012. 11,207 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2025 · 1 entry · €509 awarded · €509 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | €509 | €509 |