ELEMENTARY
ActiveSummary
ELEMENTARY has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €423,939 and a net result of €81,093. Equity is growing by about 24% per year across the filed financial years. Its solvency ranks better than 95% of 11,715 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €423,939
- Profit
- €81,093
- BOISDEQUIN GuillaumeManaging director
- BOISDEQUIN BernardDirector
Why 97lowers riskLiquidity: current ratio 18.41, cash €390,228Equity €423,939 (94.7% of total assets)Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Size: total assets €447,718Show the evidence
Checked score
Fewer than 1 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 71, micro): better than 87% on solvency, 97% on liquidity, 66% on profitability and 59% on growth.
The bankruptcy probability was computed on 24-10-2026 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 12 days before the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
- Resignation: BOISDEQUIN Bernard (manager)Reappointment: BOISDEQUIN Bernard (director) ·…
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2019 to 2025net €81,093 ▲18.2%
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 21% above 2024 and is the highest result in the available series.
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.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: 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).
Peer companies
Historical observationOf the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 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 34,695 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,844 | €9,844 | €10,915 | €9,882 | €11,206 | €2,467 | €2,467 | = |
| Other operating charges640/8 | - | - | - | €787 | €940 | €3,510 | €786 | ▼ 77.6% |
| Non-recurring operating charges66A | - | - | - | €274 | €405 | €631 | €174 | ▼ 72.4% |
| Gross operating margin9900 | €74,059 | €107,888 | €87,991 | €48,999 | €96,117 | €98,151 | €113,978 | ▲ 16.1% |
| Operating profit (loss)9901 | €63,975 | €95,530 | €76,275 | €38,056 | €83,566 | €91,543 | €110,551 | ▲ 20.8% |
| Financial income75/76B | - | - | - | €435 | €395 | €355 | €316 | ▼ 11.2% |
| Recurring financial income75 | - | - | - | €435 | €395 | €355 | €316 | ▼ 11.2% |
| Financial charges65/66B | - | - | - | €188 | €271 | €273 | €96 | ▼ 64.9% |
| Recurring financial charges65 | €169 | €2,174 | €7 | €188 | €271 | €273 | €96 | ▼ 64.9% |
| Profit (loss) for the period before taxes9903 | €63,807 | €93,356 | €76,268 | €38,303 | €83,690 | €91,625 | €110,771 | ▲ 20.9% |
| Income taxes67/77 | €24,954 | €28,609 | €15,914 | €11,974 | €21,638 | €23,024 | €29,678 | ▲ 28.9% |
| Profit (loss) for the period9904 | €38,852 | €64,747 | €60,354 | €26,329 | €62,052 | €68,602 | €81,093 | ▲ 18.2% |
| Profit (loss) for the period to be appropriated9905 | €38,852 | €64,747 | €60,354 | €26,329 | €62,052 | €68,602 | €81,093 | ▲ 18.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €132,581 | €180,169 | €239,525 | €266,380 | €325,672 | €426,558 | €447,718 | ▲ 5.0% |
| Fixed assets21/28 | €36,701 | €26,858 | €19,157 | €10,489 | €14,885 | €12,418 | €9,951 | ▼ 19.9% |
| Tangible fixed assets22/27 | €36,701 | €26,858 | €19,157 | €10,489 | €14,885 | €12,418 | €9,951 | ▼ 19.9% |
| Furniture and vehicles24 | - | - | - | €10,489 | €13,419 | €11,272 | €9,126 | ▼ 19.0% |
| Other tangible fixed assets26 | - | - | - | - | €1,466 | €1,145 | €825 | ▼ 28.0% |
| Current assets29/58 | €95,880 | €153,311 | €220,367 | €255,891 | €310,787 | €414,140 | €437,768 | ▲ 5.7% |
| Amounts receivable after more than one year29 | - | - | - | €27,766 | €24,649 | €21,532 | €18,415 | ▼ 14.5% |
| Other amounts receivable291 | - | - | - | €27,766 | €24,649 | €21,532 | €18,415 | ▼ 14.5% |
| Amounts receivable within one year40/41 | €28,266 | €14,133 | €18,549 | €20,622 | €23,114 | €26,009 | €26,455 | ▲ 1.7% |
| Trade receivables40 | - | - | - | €17,040 | €17,997 | €20,892 | €21,338 | ▲ 2.1% |
| Other amounts receivable41 | - | - | - | €3,582 | €5,117 | €5,117 | €5,117 | = |
| Cash at bank and in hand54/58 | €33,614 | €105,178 | €167,818 | €205,308 | €263,024 | €361,761 | €390,228 | ▲ 7.9% |
| Deferred charges and accrued income490/1 | - | - | - | €2,195 | - | €4,838 | €2,669 | ▼ 44.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €132,581 | €180,169 | €239,525 | €266,380 | €325,672 | €426,558 | €447,718 | ▲ 5.0% |
| Equity10/15 | €97,164 | €161,911 | €222,264 | €248,593 | €310,645 | €379,246 | €423,939 | ▲ 11.8% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €38,400 | €74,764 | €111,127 | €135,673 | €172,073 | €208,473 | €208,473 | = |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | - | - | €133,673 | €170,073 | €206,473 | €206,473 | = |
| Profit (loss) carried forward14 | €38,764 | €67,147 | €91,137 | €92,920 | €118,572 | €150,774 | €195,467 | ▲ 29.6% |
| Amounts payable17/49 | €35,417 | €18,258 | €17,260 | €17,787 | €15,027 | €47,311 | €23,779 | ▼ 49.7% |
| Amounts payable within one year42/48 | €35,417 | €18,258 | €17,260 | €17,787 | €15,027 | €47,311 | €23,779 | ▼ 49.7% |
| Trade debts44 | €1,755 | €3,092 | €10 | €3,721 | €1,360 | €14,033 | €7,807 | ▼ 44.4% |
| Suppliers440/4 | - | - | - | €3,721 | €1,360 | €14,033 | €7,807 | ▼ 44.4% |
| Taxes, remuneration and social security45 | - | - | - | €13,649 | €13,668 | €32,713 | €13,241 | ▼ 59.5% |
| Taxes450/3 | - | - | - | €13,649 | €13,668 | €32,713 | €13,241 | ▼ 59.5% |
| Other amounts payable47/48 | - | - | - | €417 | - | €565 | €2,731 | ▲ 383% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,852 | €64,747 | €60,354 | €26,329 | €62,052 | €68,602 | €81,093 | ▲ 18.2% |
| + Depreciation and write-downs630 | €9,844 | €9,844 | €10,915 | €9,882 | €11,206 | €2,467 | €2,467 | = |
| Operating cash flow (approximation) | €48,696 | €74,590 | €71,269 | €36,211 | €73,258 | €71,069 | €83,560 | ▲ 17.6% |
| Investment in fixed assets (approximation) | - | €0 | -€3,215 | -€1,214 | -€15,602 | €0 | €0 | - |
| Change in cash | - | €71,564 | €62,640 | €37,490 | €57,715 | €98,737 | €28,467 | ▼ 71.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00036409 |
| 30-06-2024 | micro format | 07-02-2025 | 2025-00033351 |
| 30-06-2023 | micro format | 22-02-2024 | 2024-00033823 |
| 30-06-2022 | micro format | 27-01-2023 | 2023-00010454 |
| 30-06-2021 | micro format | 23-02-2022 | 2022-06500022 |
| 30-06-2020 | micro format | 09-12-2020 | 2020-75000347 |
| 30-06-2019 | micro format | 12-11-2019 | 2019-73500552 |
| 30-06-2018 | micro format | 15-11-2018 | 2018-72400083 |
| 30-06-2017 | micro format | 11-10-2017 | 2017-66900307 |
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 2
Day-to-day management 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| BOISDEQUIN Bernard |
|
| BOISDEQUIN Guillaume |
|
Owners and capital
Capital and shareholders
- 09-07-2026 Converted to unavailable equity · €22,000
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
09-07
Gazette deed
Resignation: BOISDEQUIN Bernard (manager)Reappointment: BOISDEQUIN Bernard (director) · Appointment: BOISDEQUIN Guillaume (director) · Power of attorney16 facts ▸
- Power of attorney, Marie-Julie DELFORGE
- Director resignation, BOISDEQUIN Bernard (manager)
- Director reappointment, BOISDEQUIN Bernard (director (not named in the articles))
- Director appointment, BOISDEQUIN Guillaume (director)
- Director discharge, BOISDEQUIN Bernard
- Board meeting, “nomination de l'administrateur délégué, organe d'administration constitué,conseil” (deed in French)
- Director appointment, BOISDEQUIN Guillaume (managing director)
- Registered office clause, “6041 Charleroi (Gosselies), rue Clément Ader 1” (deed in French)
- General meeting, 01-07-2026
- Other provision, “adaptation statuts Code sociétés associations maintien forme, adapter statuts” (deed in French)
- Other provision, “rapport modification objet, administrateur” (deed in French)
- Purpose change
- +4 further facts in this act
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has 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 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52028B0295/00L002 | Wallonia | 7,221 m² | 1 · 516 m² | 11.2 m · 2 |
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.
- ELEMENTARY
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs,agences,ateliers,dépôts,succursales en Belgique et étranger par simple décision organe administration” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 13. Pouvoir de représentation Chaque administrateur représente la société à l'égard des tiers et en justice, soit en demandant, soit…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Un ou plusieurs, avec ou sans limitation” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of October at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “À tout temps par décision de l'assemblée générale délibérant dans les formes prévues pour les modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed