ELEMGA
ActiveSummary
ELEMGA has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €113,347 and a net result of €34,052. Equity is growing by ~60.9% per year across the filed fiscal years. Its solvency ranks better than 13% of 8101 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▼-11
Solvency35▼-17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 0.89 in 2023; short-term debt: 89.8% and cash: 2% of total assets), and 89.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 8101 sector peers (2024).
NBB · sector comparisonPosition among 8101 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
23 d early
2022
19 d early
2021
17 d early
2020
18 d early
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€113,347▲ 42.9%
2023 · €79,294
Total assets
€1.1m▲ 275%
2023 · €295,532
Net result
€34,052▼ 3.4%
2023 · €35,241
Working capital
€27,703
2023 · -€23,139
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
Line20202021202220232024
Operating result-€18,936-€2,318▲ 87.8%€48,883€55,444▲ 13.4%€39,406▼ 28.9%
Net result-€22,060-€4,727▲ 78.6%€35,096€35,241▲ 0.4%€34,052▼ 3.4%
Equity€13,392▼ 62.2%€8,666▼ 35.3%€43,761▲ 405%€79,294▲ 81.2%€113,347▲ 42.9%
Total assets€176,758▼ 22.2%€176,082▼ 0.4%€255,264▲ 45.0%€295,532▲ 15.8%€1.1m▲ 275%
Debt€163,365▼ 14.7%€167,416▲ 2.5%€211,503▲ 26.3%€216,237▲ 2.2%€993,850▲ 360%
Working capital-€141,608▼ 1.5%-€131,647▲ 7.0%-€69,405▲ 47.3%-€23,139▲ 66.7%€27,703
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 29% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.1m
Fixed assets
€85,644 ▼ 16.4%
Current assets
€1.0m ▲ 429%
Equity and liabilities €1.1m
Equity
€113,347 ▲ 42.9%
Debt
€993,850 ▲ 360%
Debt's share of the balance-sheet total rises from 73.2% to 89.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€58,479▼
2023 · €75,880
Cash flow
€53,125▼
2023 · €55,677
Current ratio
1.03▲
2023 · 0.89
Debt to equity
8.77▲
2023 · 2.73
ROE
30.0%▼
2023 · 44.4%
ROA
3.1%▼
2023 · 11.9%
Interest coverage
59.14▲
2023 · 46.60
Debt ≤ 1 year
€993,850▲
2023 · €216,237
Income taxes
€17,768▼
2023 · €19,574
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,365 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.7%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,365 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,000 | €20,164 | €20,164 | €20,436 | €19,073 | ▼ 6.7% |
| Other operating charges640/8 | - | €560 | €811 | €617 | €502 | ▼ 18.6% |
| Gross operating margin9900 | €1,697 | €18,406 | €69,858 | €76,497 | €58,981 | ▼ 22.9% |
| Operating profit (loss)9901 | -€18,936 | -€2,318 | €48,883 | €55,444 | €39,406 | ▼ 28.9% |
| Financial income75/76B | - | - | €0 | €999 | €13,403 | ▲ 1,241% |
| Recurring financial income75 | €907 | - | €0 | €999 | €13,403 | ▲ 1,241% |
| Financial charges65/66B | - | €2,182 | €8,705 | €1,628 | €989 | ▼ 39.3% |
| Recurring financial charges65 | €3,571 | €2,182 | €8,705 | €1,628 | €989 | ▼ 39.3% |
| Profit (loss) for the period before taxes9903 | -€21,600 | -€4,500 | €40,178 | €54,815 | €51,820 | ▼ 5.5% |
| Income taxes67/77 | €461 | €226 | €5,083 | €19,574 | €17,768 | ▼ 9.2% |
| Profit (loss) for the period9904 | -€22,060 | -€4,727 | €35,096 | €35,241 | €34,052 | ▼ 3.4% |
| Profit (loss) for the period to be appropriated9905 | -€22,060 | -€4,727 | €35,096 | €35,241 | €34,052 | ▼ 3.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €176,758 | €176,082 | €255,264 | €295,532 | €1.1m | ▲ 275% |
| Fixed assets21/28 | €155,000 | €140,312 | €120,148 | €102,433 | €85,644 | ▼ 16.4% |
| Intangible fixed assets21 | €144,500 | €127,500 | €110,500 | €93,500 | €76,500 | ▼ 18.2% |
| Tangible fixed assets22/27 | €10,500 | €12,812 | €9,648 | €8,933 | €9,144 | ▲ 2.4% |
| Land and buildings22 | - | €5,312 | €5,148 | €4,984 | €4,820 | ▼ 3.3% |
| Furniture and vehicles24 | - | €7,500 | €4,500 | €1,500 | - | - |
| Other tangible fixed assets26 | - | - | - | €2,449 | €4,324 | ▲ 76.5% |
| Current assets29/58 | €21,758 | €35,770 | €135,116 | €193,098 | €1.0m | ▲ 429% |
| Amounts receivable after more than one year29 | - | - | - | €27,596 | €946,070 | ▲ 3,328% |
| Other amounts receivable291 | - | - | - | €27,596 | €946,070 | ▲ 3,328% |
| Amounts receivable within one year40/41 | €15,603 | €20,284 | €28,228 | €91,756 | €51,937 | ▼ 43.4% |
| Trade receivables40 | - | €20,284 | €28,228 | €25,384 | €22,834 | ▼ 10.0% |
| Other amounts receivable41 | - | - | - | €66,372 | €29,103 | ▼ 56.2% |
| Current investments50/53 | - | - | - | €50,000 | - | - |
| Cash at bank and in hand54/58 | €6,155 | €15,486 | €106,888 | €22,187 | €21,675 | ▼ 2.3% |
| Deferred charges and accrued income490/1 | - | - | - | €1,560 | €1,872 | ▲ 20.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €176,758 | €176,082 | €255,264 | €295,532 | €1.1m | ▲ 275% |
| Equity10/15 | €13,392 | €8,666 | €43,761 | €79,294 | €113,347 | ▲ 42.9% |
| Contributions10/11 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €3,392 | - | €33,761 | €69,294 | €103,347 | ▲ 49.1% |
| Distributable reserves133 | - | - | €33,761 | €69,294 | €103,347 | ▲ 49.1% |
| Profit (loss) carried forward14 | - | -€1,334 | - | - | - | - |
| Amounts payable17/49 | €163,365 | €167,416 | €211,503 | €216,237 | €993,850 | ▲ 360% |
| Amounts payable within one year42/48 | €163,365 | €167,416 | €204,522 | €216,237 | €993,850 | ▲ 360% |
| Trade debts44 | - | - | €1,736 | €9,209 | €1,871 | ▼ 79.7% |
| Suppliers440/4 | - | - | €1,736 | €9,209 | €1,871 | ▼ 79.7% |
| Taxes, remuneration and social security45 | - | €4,946 | €15,610 | €25,362 | €30,400 | ▲ 19.9% |
| Taxes450/3 | - | €4,946 | €15,610 | €25,362 | €30,400 | ▲ 19.9% |
| Other amounts payable47/48 | - | €162,471 | €187,176 | €181,666 | €961,579 | ▲ 429% |
| Accrued charges and deferred income492/3 | - | - | €6,981 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,060 | -€4,727 | €35,096 | €35,241 | €34,052 | ▼ 3.4% |
| + Depreciation and write-downs630 | €20,000 | €20,164 | €20,164 | €20,436 | €19,073 | ▼ 6.7% |
| Operating cash flow (approximation) | -€2,060 | €15,438 | €55,260 | €55,677 | €53,125 | ▼ 4.6% |
| Investment in fixed assets (approximation) | - | -€5,477 | €0 | -€2,721 | -€2,284 | ▲ 16.1% |
| Change in cash | - | €9,331 | €91,402 | -€84,701 | -€512 | ▲ 99.4% |
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
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €100,000Eq €113,347 ▲42.9%
3 profitable years in a row build equity to €113,347.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2019net €35,241 ▲0.4%
Operating result €55,444, net result €35,241, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
26-06
State Gazette act
General meeting · Director resignation
Permanent representative · Director reappointment
2022
31-12
Financial
Back to profitnet €35,096
Net result €35,096 after 2 loss-making years.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
24-03
State Gazette act
General meeting · Director resignation
Auditor appointment · Permanent representative
2020
31-12
Financial
Weakest financial yearnet -€22,060
Net result drops to -€22,060, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brugge · 1 establishment unit since 2019
Ground area
3,200 m²
Building footprint
263 m²
Volume, LiDAR
1,400 m³
Parcel 31030A0309/00R002, Flanders · tallest building 9.4 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ELEMGA
since 20192.291.465.246
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0309/00R002 | Flanders | 3,200 m² | 1 · 263 m² | 9.3 m · 1 fl. |
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.
Structure & network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
GEERT ROELENS
Shared director
→
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 40,792 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
Founded11-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0730610037
Also
9925:BE0730610037
Registered
14-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.