Elements Projects
ActiveSummary
Elements Projects has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€277,745) and a net result of -€43,577. Equity is shrinking by ~49.3% per year across the filed fiscal years. Its solvency ranks better than 9% of 839 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18=
Solvency22▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.87 against 0.89 in 2024; short-term debt: 102.7% and cash: 1.2% of total assets), and equity is negative.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-2.7%
Return on assets
-0.4%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 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 d early
2024
30 d early
2023
on the day
2022
5 d early
2021
9 d early
2020
36 d early
2019
10 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#1 company by total assets in Hotton, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€43,577▲ 32.6%
2024 · -€64,669
Working capital
-€1.3m▼ 3.5%
2024 · -€1.3m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€20,383▲ 25.2%-€15,426▲ 24.3%-€24,762▼ 60.5%-€9,877▲ 60.1%-€2,300▲ 76.7%
Net result-€52,931▼ 62.2%-€52,748▲ 0.3%-€54,712▼ 3.7%-€64,669▼ 18.2%-€43,577▲ 32.6%
Equity-€72,139▼ 276%-€124,887▼ 73.1%-€169,499▼ 35.7%-€234,168▼ 38.2%-€277,745▼ 18.6%
Total assets€2.4m▲ 481%€5.1m▲ 115%€7.4m▲ 46.1%€10.9m▲ 47.2%€10.1m▼ 7.4%
Debt€2.4m▲ 472%€5.2m▲ 114%€7.6m▲ 45.9%€11.2m▲ 47.0%€10.4m▼ 6.9%
Working capital-€1.1m▼ 4,596%-€1.2m▼ 4.6%-€1.2m▼ 3.7%-€1.3m▼ 5.3%-€1.3m▼ 3.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,300 in 2025 against €9,877 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.1m
Fixed assets
€1.0m =
Current assets
€9.1m ▼ 8.2%
Key figures and ratios
EBITDA
-€2,300▲
2024 · -€8,983
Cash flow
-€43,577▲
2024 · -€63,775
Solvency
-2.7%▼
2024 · -2.1%
Current ratio
0.87▼
2024 · 0.89
Quick ratio
0.02▼
2024 · 0.18
Debt to equity
-37.38▲
2024 · -47.62
ROA
-0.4%▲
2024 · -0.6%
Interest coverage
-0.06▲
2024 · -0.16
Debt ≤ 1 year
€10.4m▼
2024 · €11.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,368 | €1,898 | €1,898 | €894 | €0 | ▼ 100% |
| Other operating charges640/8 | €1,311 | €270 | €411 | €1,034 | €1,033 | = |
| Gross operating margin9900 | -€17,704 | -€13,257 | -€22,452 | -€7,949 | -€1,267 | ▲ 84.1% |
| Operating profit (loss)9901 | -€20,383 | -€15,426 | -€24,762 | -€9,877 | -€2,300 | ▲ 76.7% |
| Financial income75/76B | €102 | €102 | €222 | €2,131 | €368 | ▼ 82.7% |
| Recurring financial income75 | €102 | €102 | €222 | €2,131 | €368 | ▼ 82.7% |
| Financial charges65/66B | €32,650 | €37,424 | €30,172 | €56,923 | €41,645 | ▼ 26.8% |
| Recurring financial charges65 | €32,650 | €37,424 | €30,172 | €56,923 | €41,645 | ▼ 26.8% |
| Non-recurring financial charges66B | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€52,931 | -€52,748 | -€54,712 | -€64,669 | -€43,577 | ▲ 32.6% |
| Profit (loss) for the period9904 | -€52,931 | -€52,748 | -€54,712 | -€64,669 | -€43,577 | ▲ 32.6% |
| Profit (loss) for the period to be appropriated9905 | -€52,931 | -€52,748 | -€54,712 | -€64,669 | -€43,577 | ▲ 32.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €5.1m | €7.4m | €10.9m | €10.1m | ▼ 7.4% |
| Fixed assets21/28 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Tangible fixed assets22/27 | €4,691 | €2,793 | €894 | €0 | - | - |
| Plant, machinery and equipment23 | €1,092 | €728 | €364 | €0 | - | - |
| Furniture and vehicles24 | €3,599 | €2,065 | €530 | €0 | - | - |
| Financial fixed assets28 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Current assets29/58 | €1.3m | €4.0m | €6.4m | €9.9m | €9.1m | ▼ 8.2% |
| Stocks and contracts in progress3 | €1.1m | €3.1m | €6.0m | €7.9m | €8.8m | ▲ 11.8% |
| Stocks30/36 | €1.1m | €3.1m | €6.0m | €7.9m | €8.8m | ▲ 11.8% |
| Amounts receivable within one year40/41 | €7,808 | €737,974 | €384,401 | €1.8m | €136,114 | ▼ 92.5% |
| Trade receivables40 | - | €736,511 | €364,609 | €1.7m | €124,360 | ▼ 92.9% |
| Other amounts receivable41 | €7,808 | €1,463 | €19,792 | €76,817 | €11,753 | ▼ 84.7% |
| Cash at bank and in hand54/58 | €226,710 | €170,796 | €10,037 | €173,782 | €116,734 | ▼ 32.8% |
| Deferred charges and accrued income490/1 | €6,622 | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €5.1m | €7.4m | €10.9m | €10.1m | ▼ 7.4% |
| Equity10/15 | -€72,139 | -€124,887 | -€169,499 | -€234,168 | -€277,745 | ▼ 18.6% |
| Contributions10/11 | €8,500 | €8,500 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €14,201 | €14,201 | €14,201 | €14,201 | €14,201 | = |
| Non-distributable reserves130/1 | €1,910 | €1,910 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,910 | €1,910 | €0 | - | - | - |
| Distributable reserves133 | €12,291 | €12,291 | €14,201 | €14,201 | €14,201 | = |
| Profit (loss) carried forward14 | -€94,840 | -€147,588 | -€202,300 | -€266,969 | -€310,546 | ▼ 16.3% |
| Amounts payable17/49 | €2.4m | €5.2m | €7.6m | €11.2m | €10.4m | ▼ 6.9% |
| Amounts payable within one year42/48 | €2.4m | €5.2m | €7.6m | €11.2m | €10.4m | ▼ 6.9% |
| Financial debts43 | €170,846 | €0 | - | €750,000 | €700,000 | ▼ 6.7% |
| Credit institutions430/8 | €170,846 | €0 | - | - | - | - |
| Other loans439 | - | - | - | €750,000 | €700,000 | ▼ 6.7% |
| Trade debts44 | €211,044 | €193,436 | €718,627 | €2.5m | €33,571 | ▼ 98.6% |
| Suppliers440/4 | €211,044 | €193,436 | €718,627 | €2.5m | €33,571 | ▼ 98.6% |
| Advances received on contracts in progress46 | €368,167 | €2.9m | €4.7m | €5.8m | €7.4m | ▲ 28.5% |
| Taxes, remuneration and social security45 | €1,056 | €256,721 | €0 | - | - | - |
| Taxes450/3 | €1,056 | €256,721 | €0 | - | - | - |
| Other amounts payable47/48 | €1.7m | €1.8m | €2.2m | €2.1m | €2.2m | ▲ 3.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€52,931 | -€52,748 | -€54,712 | -€64,669 | -€43,577 | ▲ 32.6% |
| + Depreciation and write-downs630 | €1,368 | €1,898 | €1,898 | €894 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€51,563 | -€50,849 | -€52,814 | -€63,775 | -€43,577 | ▲ 31.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€55,913 | -€160,759 | €163,745 | -€57,048 | ▼ 135% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Weakest financial yearnet -€64,669
Net result drops to -€64,669, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hotton · 1 establishment unit since 2019
Ground area
423 m²
Building footprint
111 m²
Parcel 83028B0283/00Y000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Elements Projects
since 20192.292.209.473
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83028B0283/00Y000 | Wallonia | 422 m² | 1 · 110 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GVM Renovatiewerken
BE 0781.475.847
Heist-op-den-Berg · Eq €13,429
ALTITUDE
BE 0735.988.884
Floreffe · Eq €13,417
ENTREPRISES DE CONSTRUCTION BOURLARD DIDIER
BE 0479.525.735
Honnelles · Eq €13,411
RUNOVATIE
BE 1019.389.430
Poperinge · Eq €13,456
Debouver Gilles
BE 0762.989.924
Kruisem · Eq €13,456
Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 10,337 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-09-2014
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
70100Activities of head offices
Contact
Website
www.elementsprojects.be
E-mail
info@elementsprojects.be
Scores and ratios are computed by Checked and are not a credit decision.