Equity
-€277,745
Debts exceed assets in financial year 2025.
Elements Projects
Lifetime
11 annual accounts with figures on one time axispeak €19,304 (2015)
-€1,267▲ €6,682
lowest -€64,669 (2024)
-€43,577▲ €21,092
peak €22,701 (2017)
-€277,745▼ €43,577
€10.4m▼ 6.9%
Board5 names since 2014
2 directorsEvi Meylaerts and 1 other
Documentsfilings and deeds
17-04-202613 days before the deadline
2025financial year
Gross margin from -€7,949 to -€1,267Loss of €43,577Equity from -€234,168 to -€277,745Cash from €173,782 to €116,734
Key points
from the 2025 annual accountsChecked score
53
Fair
Financially stronger than 10% of medium-sized companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 209 companies (NACE 41, medium-sized).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%
01-2025: 1.4%● unchanged vs 12-2024
02-2025: 1.5%▲ +0.1 percentage points vs 01-2025highest value
03-2025: 1.3%▼ -0.2 percentage points vs 02-2025
04-2025: 0.6%▼ -0.7 percentage points vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.6%● unchanged vs 07-2025
09-2025: 0.5%▼ -0.1 percentage points vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.6%▲ +0.1 percentage points vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.7%▲ +0.1 percentage points vs 02-2026
04-2026: 0.8%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%▼ -0.3 percentage points vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026lowest value
08-2026: 0.5%● unchanged vs 07-2026lowest value
09-2026: 0.5%● unchanged vs 08-2026lowest value
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€277,745
Sector: Construction of residential and non-residential buildings (NACE 41)
Liquidity: current ratio 0.87, cash €116,734
lowers risk
Size: total assets €10.1m
Calculation
The band follows from the bankruptcy probability. 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 41, medium-sized). It does better than 7% of them on solvency, 5% on liquidity, 12% on profitability and 14% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 129 companies had the same profile as Elements Projects has now. Each dot is one company, two years later.
95.3%
were still trading
2.3%
stopped another way
1.6%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Elements Projects itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 129 companies, not a prediction for Elements Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.87 (0.89 in 2024), below 1. Short-term debt is 102.7% and cash 1.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€277,745
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-04-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 days early
2024
30 days early
2023
on the day
2022
5 days early
2021
9 days early
2020
36 days early
2019
10 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 15 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 21 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end11-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0561997808
Registered office moved from Koksijde to Hotton
New registered office: Rue des Vergers 13, bus 1, 6990 Hotton · Previous registered office: Albert I Laan 84, 8670 Koksijde · General meeting of 13-07-2021 · Gazette deed
Company renamed from J&E Concept to ELEMENTS PROJECTS
Resignations: Evi Meylaerts (director) and Grooten Bertrand (director) · Reappointments: Evi Meylaerts (director) and Grooten Bertrand (director) · General meeting of 26-06-2020 · Gazette deed
Company renamed from J & E CONCEPT to ELEMENTS PROJECTS
Resignations: Olivier Verack, Evi Meylaerts and Grooten Bertrand · Reappointments: Olivier Verack, Evi Meylaerts and Grooten Bertrand · Appointment: Joan Bremers (director) · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Elements Projects Hotton | €10.1m | -€1,267 | -2.7% | - |
| WOLFE Geel | €12.8m | -€383,569 | 16.2% | 22.4 |
| BAOBAB REAL ESTATE Brussels | €8.3m | -€19,081 | 2.7% | 5.2 |
| MDECO INVEST Zedelgem | €12.7m | -€158,476 | 58.6% | - |
| KUB Waregem | €7.1m | -€360,763 | 0.3% | 1.8 |
| DWH Knokke-Heist | €13.1m | -€57,197 | 1.5% | 1 |
| COMMUNITY BUILDING VASTGOED Aalter | €7.5m | -€372,634 | -6.4% | - |
These companies have the same main activity as Elements Projects: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €7.1m and €13m, founded between 2010 and 2018.
Official details
Source: KBO- Status
- Active since 16-09-2014Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 1 other
- Establishment unit
- 2.292.209.4736990 Hotton, since 01-07-2019
- Financial year end
- 30 September
- Peppol
- Reachable since 31-10-2023
Annual accounts to 30-09-2025
- €10.1m▼ 7.4%
- Filing
- Filed on 17-04-2026, 13 days before the end of the filing period
Insights on Elements Projects
Elements Projects has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€277,745) and a net result of -€43,577.
Equity has been shrinking by about 41% per year since 2019. Its solvency ranks better than 9% of 1,037 sector peers (NACE 41, financial year 2025).
The computed 12-month bankruptcy probability is 0.5% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Elements Projects
- What is the company number of Elements Projects?
- The company number of Elements Projects is 0561.997.808. The VAT number is the same number with BE in front: BE 0561.997.808.
- Where is Elements Projects based?
- The registered office is at Rue des Vergers 13, 6990 Hotton.Company details
- What does Elements Projects do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of Elements Projects?
- Elements Projects is a private limited company (BV).
- When was Elements Projects founded?
- Elements Projects was founded on 16-09-2014.
- Is Elements Projects still active?
- Yes, Elements Projects is an active enterprise in the KBO register.
- What is the turnover of Elements Projects?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is Elements Projects profitable?
- In financial year 2025, Elements Projects made a loss of €43,577.
- Where can I find the annual accounts of Elements Projects?
- Elements Projects filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Elements Projects due?
- Elements Projects must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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