Elements

Active

Private limited companyfounded 20214 yrs activeVogelzangdreef 1, 9250 Waasmunster, BelgiumKBO/BCE: BE 0777.875.266

The computed 12-month bankruptcy probability of Elements is 2.0% (moderate). The 2025 annual accounts show equity of €154k and a net result of €1k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 31% of 109 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2025

46 / 100

Fair▼ -9 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability4▼-57

Solvency22▼-24

Growth52=

Stability94

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €7k at 30 days acceptable

Liquidity tight (current ratio 1.08 against 2.67 in 2024), and 86.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

13.8%

Return on assets

0.1%

Age of the figures

14 mo

Filed after the deadline

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 3 filings

Deviation from the deadline

2025

3 d late

2024

5 d late

2023

215 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

30-06-2026 close04-09-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€154k▲ 0.3%

2024 · €153k

2023: €135k 2024: €153k

2023 → 2025

Total assets

€1.11M▲ 38.6%

2024 · €800k

2023: €680k 2024: €800k

2023 → 2025

Net result

€1k▼ 93.1%

2024 · €19k

2023: €134k 2024: €19k

2023 → 2025

Working capital

€46k▼ 89.9%

2024 · €451k

2023: €415k 2024: €451k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€135k-€153k▲ 13.3%€154k▲ 0.3%

Operating result€196k-€92k▼ 53.1%€33k▼ 64.3%

Net result€134k-€19k▼ 86.0%€1k▼ 93.1%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2025 is 64% below 2024 and is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.11M

44.4%

55.6%

Fixed assets €493k▲ 516%

Current assets €617k▼ 14.4%

Equity and liabilities €1.11M

13.8%

86.2%

Equity €154k▲ 0.3%

Debt €956k▲ 47.7%

The debt ratio rises from 80.9% to 86.2%: debt grows faster than equity.

Key figures and ratios

2025 value · change against 2024

EBITDA

€53k▼

2024 · €93k

Cash flow

€21k▲

2024 · €20k

Solvency

13.8%▼

2024 · 19.1%

Current ratio

1.08▼

2024 · 2.67

Quick ratio

0.48▼

2024 · 2.12

Debt / equity

6.22▲

2024 · 4.23

ROE

0.8%▼

2024 · 12.3%

ROA

0.1%▼

2024 · 2.4%

Interest coverage

1.71▲

2024 · 1.38

Debt

€956k▲

2024 · €647k

Debt ≤ 1 year

€571k▲

2024 · €270k

Debt > 1 year

€372k▲

2024 · €350k

Income taxes

€1k▼

2024 · €6k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Total assets 20/58€800k€1.11M▲

Fixed assets 21/28€80k€493k▲

Tangible fixed assets 22/27€80k€493k▲

Current assets 29/58€720k€617k▼

Stocks & contracts in progress 3€150k€341k▲

Amounts receivable within one year 40/41€301k€244k▼

Cash & bank 54/58€314€8k▲

Total equity & liabilities 10/49€800k€1.11M▲

Equity 10/15€153k€154k▲

Contributions / capital 10/11€1k€1k=

Reserves 13€134k€134k=

Accumulated profits (losses) 14€18k€18k▲

Amounts payable 17/49€647k€956k▲

Amounts payable after one year 17€350k€372k▲

Amounts payable within one year 42/48€270k€571k▲

Trade debts payable within one year 44€71k€76k▲

Income statement Code20242025

Gross operating margin 9900€94k€54k▼

Operating result 9901€92k€33k▼

Financial income 75-€375

Financial charges 65€67k€31k▼

Result before taxes 9903€25k€2k▼

Income taxes 67/77€6k€1k▼

Net result for the period 9904€19k€1k▼

Result to be appropriated 9905€19k€1k▼

Timeline · acts, filings and financial milestones

All 10Financial 2Gazette 5Filings 3

Next filing, fiscal year 2026, expected by 31-01-2027

2026

06-05

State Gazette act Open capture

General meeting · Seat change · Notarial deed · Officer appointment

03-02

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 3 days late

2025

30-06

Financial Weakest financial yearnet €1k ▼93.1%

Net result drops to €1k, the lowest in the series.

05-02

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 5 days late

2024

22-11

State Gazette act Registered-office change

v3.2

02-09

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 215 days late

30-06

Financial Equity above €150kEq €153k ▲13.3%

2 profitable years in a row build equity to €153k.

2023

27-11

State Gazette act Registered-office change

v3.2

13-01

State Gazette act Director changes

v3.2

2021

02-12

State Gazette act Incorporation

oprichting

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

5 of 5 acts read

Directors · office · real estate

Directors

no sitting director, no change since 2022

No sitting directors are on record for this company in the CBE. Not every legal form publishes directors; if they appear in the Belgian State Gazette later, they show up here automatically.

03-10-2022 Resigned as Director

Location & real-estate footprint

Registered office, Waasmunster · 1 establishment unit since 2021

exact location from the address register On OpenStreetMap

Ground area

1,509 m²

Building footprint

185 m²

Parcel 42023B0763/00P000, Flanders. Linked by address, not a title deed.

1 establishment unit

Elements BV

Vogelzangdreef 1, 9250 WaasmunsterRemediation activities and other waste management service activities