ELEMENTAS
Dissolved and wound up on 17-04-2026Financials · financial year 2025, micro format
Annual accounts 2025 filed on 16-02-2026 PDF all 15 filings
Equity
-€14,320▼ 65.4%
2024 · -€8,656
Total assets
€2,742▲ 94.7%
2024 · €1,408
Net result
-€5,664
2024 · €19,515
Working capital
-€15,376▼ 79.6%
2024 · -€8,562
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€5,609
2025
20192025
Net result
-€5,664
2025
20192025
Equity
-€14,320
▼ 65.4%
2025
20192025
Total assets
€2,742
▲ 94.7%
2025
20192025
Debt
€17,062
▲ 69.5%
2025
20192025
Working capital
-€15,376
▼ 79.6%
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€13,314--€17,113€164-€6,858-€3,544▲ 48.3%€15,773-€5,609
Net result€5,462--€17,599-€140▲ 99.2%-€6,899▼ 4,813%-€48,914▼ 609%€19,515-€5,664
Equity€45,381-€27,782▼ 38.8%€27,642▼ 0.5%€20,743▼ 25.0%-€28,171-€8,656▲ 69.3%-€14,320▼ 65.4%
Total assets€98,927-€104,879▲ 6.0%€84,692▼ 19.2%€65,886▼ 22.2%€11,407▼ 82.7%€1,408▼ 87.7%€2,742▲ 94.7%
Debt€53,546-€77,097▲ 44.0%€57,050▼ 26.0%€45,142▼ 20.9%€39,578▼ 12.3%€10,064▼ 74.6%€17,062▲ 69.5%
Working capital-€5,715--€22,403▼ 292%-€22,525▼ 0.5%-€29,423▼ 30.6%-€33,084▼ 12.4%-€8,562▲ 74.1%-€15,376▼ 79.6%
The operating result for 2025 is a loss of €5,609, after a profit of €15,773 in 2024. It is the lowest result since 2022.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
Assets €2,742
Fixed assets
€1,152
Current assets
€1,590
Equity and liabilities
Equity-€14,320
Debt€17,062
Equity is negative. Debt (€17,062) exceeds the balance-sheet total (€2,742).
Key figures and ratios
EBITDA
-€5,447
Cash flow
-€5,502
Interest coverage
-99.80
Debt ≤ 1 year
€16,966▲
2024 · €9,969
The ratios are withheld because a balance sheet total of €2,742 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.
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €1,314 |
| Depreciation and write-downs of the year | - | - | - | €162 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,038 | €423 | €423 | - | - | - | €162 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€2,934 | -€22,555 | €0 | - |
| Other operating charges640/8 | - | - | - | €112 | €114 | €123 | €285 | ▲ 131% |
| Gross operating margin9900 | €15,888 | €13,645 | €807 | -€6,746 | -€6,363 | -€6,659 | -€5,162 | ▲ 22.5% |
| Operating profit (loss)9901 | €13,314 | -€17,113 | €164 | -€6,858 | -€3,544 | €15,773 | -€5,609 | - |
| Financial income75/76B | - | - | - | - | €1 | €8,820 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | - | - | - | €1 | €8,820 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €40 | €45,371 | €5,079 | €55 | ▼ 98.9% |
| Recurring financial charges65 | €3,292 | €90 | €79 | €40 | €121 | €79 | €55 | ▼ 30.5% |
| Non-recurring financial charges66B | - | - | - | - | €45,250 | €5,000 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €10,022 | -€17,204 | €85 | -€6,899 | -€48,914 | €19,515 | -€5,664 | - |
| Income taxes67/77 | €4,559 | €395 | €226 | - | - | - | - | - |
| Profit (loss) for the period9904 | €5,462 | -€17,599 | -€140 | -€6,899 | -€48,914 | €19,515 | -€5,664 | - |
| Profit (loss) for the period to be appropriated9905 | €5,462 | -€17,599 | -€140 | -€6,899 | -€48,914 | €19,515 | -€5,664 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €98,927 | €104,879 | €84,692 | €65,886 | €11,407 | €1,408 | €2,742 | ▲ 94.7% |
| Fixed assets21/28 | €51,096 | €50,673 | €50,250 | €50,250 | €5,000 | €0 | €1,152 | - |
| Tangible fixed assets22/27 | €846 | €423 | - | - | - | - | €1,152 | - |
| Furniture and vehicles24 | - | - | - | - | - | - | €1,152 | - |
| Financial fixed assets28 | €50,250 | €50,250 | €50,250 | €50,250 | €5,000 | €0 | - | - |
| Current assets29/58 | €47,831 | €54,206 | €34,442 | €15,636 | €6,407 | €1,408 | €1,590 | ▲ 12.9% |
| Amounts receivable within one year40/41 | €40,215 | €50,917 | €33,056 | €15,354 | €5,996 | €1,266 | €383 | ▼ 69.8% |
| Trade receivables40 | - | - | - | €15,250 | €5,684 | €0 | €281 | - |
| Other amounts receivable41 | - | - | - | €104 | €312 | €1,266 | €102 | ▼ 92.0% |
| Cash at bank and in hand54/58 | €7,161 | €2,834 | €1,299 | €282 | €412 | €142 | €1,207 | ▲ 752% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €98,927 | €104,879 | €84,692 | €65,886 | €11,407 | €1,408 | €2,742 | ▲ 94.7% |
| Equity10/15 | €45,381 | €27,782 | €27,642 | €20,743 | -€28,171 | -€8,656 | -€14,320 | ▼ 65.4% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €39,181 | €38,953 | €38,953 | €38,953 | €38,953 | €38,953 | €38,953 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €37,093 | €37,093 | €37,093 | €37,093 | = |
| Profit (loss) carried forward14 | - | -€17,371 | -€17,512 | -€24,410 | -€73,324 | -€53,809 | -€59,473 | ▼ 10.5% |
| Amounts payable17/49 | €53,546 | €77,097 | €57,050 | €45,142 | €39,578 | €10,064 | €17,062 | ▲ 69.5% |
| Amounts payable within one year42/48 | €53,546 | €76,609 | €56,966 | €45,058 | €39,492 | €9,969 | €16,966 | ▲ 70.2% |
| Trade debts44 | €1,117 | €3,498 | €1,477 | €1,155 | €403 | €223 | €218 | ▼ 2.3% |
| Suppliers440/4 | - | - | - | €1,155 | €403 | €223 | €218 | ▼ 2.3% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €157 | - |
| Taxes450/3 | - | - | - | - | - | - | €157 | - |
| Other amounts payable47/48 | - | - | - | €43,903 | €39,089 | €9,747 | €16,591 | ▲ 70.2% |
| Accrued charges and deferred income492/3 | - | - | - | €84 | €86 | €95 | €96 | ▲ 1.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,462 | -€17,599 | -€140 | -€6,899 | -€48,914 | €19,515 | -€5,664 | - |
| + Depreciation and write-downs630 | €2,038 | €423 | €423 | - | - | - | €162 | - |
| Operating cash flow (approximation) | €7,500 | -€17,176 | €283 | -€6,899 | -€48,914 | €19,515 | -€5,502 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €45,250 | €5,000 | -€1,314 | - |
| Change in cash | - | -€4,327 | -€1,535 | -€1,017 | €130 | -€270 | €1,065 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 16-02-2026 | 2026-00039022 | |
| 30-09-2024 | micro format | 23-05-2025 | 2025-00114181 | |
| 30-09-2023 | micro format | 06-03-2024 | 2024-00043058 | |
| 30-09-2022 | micro format | 27-04-2023 | 2023-00078798 | |
| 30-09-2021 | micro format | 24-03-2022 | 2022-09100149 | |
| 30-09-2020 | micro format | 25-03-2021 | 2021-08400548 | |
| 30-09-2019 | micro format | 21-04-2020 | 2020-09600087 | |
| 30-09-2018 | micro format | 07-03-2019 | 2019-06600167 | |
| 30-09-2017 | micro format | 21-03-2018 | 2018-07300518 | |
| 30-09-2016 | abbreviated format | 22-02-2017 | 2017-05000088 |