Summary
ELEMOS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €58,057 and a net result of €16,554. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 38% of 6,658 sector peers (NACE 64, financial year 2025). The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00495512.
Equity
€58,057▲ 20.8%
2024 · €48,050
Net result
€16,554▲ 72.8%
2024 · €9,581
Total assets
€157,331▼ 9.0%
2024 · €172,818
Solvency
36.9%▲ 9.1pp
2024 · 27.8%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 51% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€26,643
2025
Net result€16,554
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€157,331
2025
Equity€58,057
2025
Debt€99,274
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€32,870
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)10.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency36.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.12
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€20,847-€31,556▲ 51.4%€12,005▼ 62.0%€13,404▲ 11.7%€14,315▲ 6.8%€22,768▲ 59.0%€17,699▼ 22.3%€26,643▲ 50.5%
Net result€9,434-€15,616▲ 65.5%€2,010below the sector's middle half▼ 87.1%€4,537within the sector's middle half▲ 126%€4,068below the sector's middle half▼ 10.3%€13,594within the sector's middle half▲ 234%€9,581within the sector's middle half▼ 29.5%€16,554within the sector's middle half▲ 72.8%
Equity€18,194-€33,809▲ 85.8%€29,619below the sector's middle half▼ 12.4%€34,156below the sector's middle half▲ 15.3%€38,224below the sector's middle half▲ 11.9%€51,818within the sector's middle half▲ 35.6%€48,050within the sector's middle half▼ 7.3%€58,057below the sector's middle half▲ 20.8%
Total assets€219,660-€241,823▲ 10.1%€222,671within the sector's middle half▼ 7.9%€206,562within the sector's middle half▼ 7.2%€196,811within the sector's middle half▼ 4.7%€201,613within the sector's middle half▲ 2.4%€172,818within the sector's middle half▼ 14.3%€157,331below the sector's middle half▼ 9.0%
Debt€201,467-€208,013▲ 3.2%€193,053▼ 7.2%€172,406▼ 10.7%€158,587▼ 8.0%€149,795▼ 5.5%€124,767▼ 16.7%€99,274▼ 20.4%
Working capital€21,792-€36,959▲ 69.6%€27,012within the sector's middle half▼ 26.9%€29,295within the sector's middle half▲ 8.5%€28,888within the sector's middle half▼ 1.4%€40,956within the sector's middle half▲ 41.8%€27,119within the sector's middle half▼ 33.8%€32,870within the sector's middle half▲ 21.2%
Solvency8.3%-14.0%▲ 5.7pp13.3%below the sector's middle half▼ 0.7pp16.5%below the sector's middle half▲ 3.2pp19.4%below the sector's middle half▲ 2.9pp25.7%within the sector's middle half▲ 6.3pp27.8%within the sector's middle half▲ 2.1pp36.9%within the sector's middle half▲ 9.1pp
Current ratio1.94-1.97▲ 0.041.66within the sector's middle half▼ 0.311.77within the sector's middle half▲ 0.111.83within the sector's middle half▲ 0.061.93within the sector's middle half▲ 0.101.76within the sector's middle half▼ 0.172.12within the sector's middle half▲ 0.36
Return on assets (ROA)4.3%-6.5%▲ 2.2pp0.9%within the sector's middle half▼ 5.6pp2.2%within the sector's middle half▲ 1.3pp2.1%within the sector's middle half▼ 0.1pp6.7%within the sector's middle half▲ 4.7pp5.5%within the sector's middle half▼ 1.2pp10.5%within the sector's middle half▲ 5.0pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €157,331
Fixed assets
€95,150 ▼ 13.5%
Current assets
€62,181 ▼ 1.0%
Equity and liabilities €157,331
Equity
€58,057 ▲ 20.8%
Debt
€99,274 ▼ 20.4%
Debt's share of the balance-sheet total falls from 72.2% to 63.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
28.5%▲
2024 · 19.9%
Debt ≤ 1 year
€29,311▼
2024 · €35,676
Debt > 1 year
€69,962▼
2024 · €89,091
Income taxes
€7,959▲
2024 · €5,786
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €86,249 | €97,537 | €95,592 | €104,618 | €106,399 | ▲ 1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,479 | €16,456 | €16,699 | €16,807 | €17,595 | €18,158 | €18,371 | €19,491 | ▲ 6.1% |
| Other operating charges640/8 | - | - | - | €1,922 | €1,583 | €1,515 | €2,698 | €1,886 | ▼ 30.1% |
| Gross operating margin9900 | €38,887 | €50,194 | €29,568 | €32,134 | €33,493 | €42,441 | €38,769 | €48,020 | ▲ 23.9% |
| Operating profit (loss)9901 | €20,847 | €31,556 | €12,005 | €13,404 | €14,315 | €22,768 | €17,699 | €26,643 | ▲ 50.5% |
| Financial income75/76B | - | - | - | €8 | - | €9 | €90 | - | - |
| Recurring financial income75 | €2 | €123 | - | €8 | - | €9 | €90 | - | - |
| Financial charges65/66B | - | - | - | €2,070 | €2,318 | €1,943 | €2,422 | €2,131 | ▼ 12.0% |
| Recurring financial charges65 | €8,903 | €8,869 | €7,820 | €2,070 | €2,318 | €1,943 | €2,422 | €2,131 | ▼ 12.0% |
| Profit (loss) for the period before taxes9903 | €11,946 | €22,811 | €4,185 | €11,343 | €11,997 | €20,834 | €15,367 | €24,512 | ▲ 59.5% |
| Income taxes67/77 | €2,512 | €7,196 | €2,176 | €6,806 | €7,928 | €7,240 | €5,786 | €7,959 | ▲ 37.5% |
| Profit (loss) for the period9904 | €9,434 | €15,616 | €2,010 | €4,537 | €4,068 | €13,594 | €9,581 | €16,554 | ▲ 72.8% |
| Profit (loss) for the period to be appropriated9905 | €9,434 | €15,616 | €2,010 | €4,537 | €4,068 | €13,594 | €9,581 | €16,554 | ▲ 72.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €219,660 | €241,823 | €222,671 | €206,562 | €196,811 | €201,613 | €172,818 | €157,331 | ▼ 9.0% |
| Fixed assets21/28 | €174,571 | €166,849 | €154,608 | €139,151 | €133,198 | €116,482 | €110,022 | €95,150 | ▼ 13.5% |
| Tangible fixed assets22/27 | €174,571 | €166,849 | €154,608 | €139,151 | €133,198 | €116,482 | €110,022 | €95,150 | ▼ 13.5% |
| Land and buildings22 | - | - | - | €6,176 | €13,324 | €12,100 | €21,684 | €20,061 | ▼ 7.5% |
| Furniture and vehicles24 | - | - | - | €2,705 | €4,200 | €3,496 | €2,240 | €2,117 | ▼ 5.5% |
| Other tangible fixed assets26 | - | - | - | €130,270 | €115,674 | €100,886 | €86,099 | €72,972 | ▼ 15.2% |
| Current assets29/58 | €45,089 | €74,974 | €68,064 | €67,411 | €63,613 | €85,131 | €62,795 | €62,181 | ▼ 1.0% |
| Amounts receivable within one year40/41 | €41,917 | €73,158 | €67,819 | €60,080 | €62,268 | €84,466 | €59,336 | €57,511 | ▼ 3.1% |
| Trade receivables40 | - | - | - | €8,000 | €8,910 | €22,010 | €10,000 | €10,800 | ▲ 8.0% |
| Other amounts receivable41 | - | - | - | €52,080 | €53,358 | €62,456 | €49,336 | €46,711 | ▼ 5.3% |
| Cash at bank and in hand54/58 | €2,766 | €1,410 | €245 | €6,919 | €924 | €607 | €3,033 | €3,466 | ▲ 14.3% |
| Deferred charges and accrued income490/1 | - | - | - | €413 | €422 | €59 | €426 | €1,203 | ▲ 182% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €219,660 | €241,823 | €222,671 | €206,562 | €196,811 | €201,613 | €172,818 | €157,331 | ▼ 9.0% |
| Equity10/15 | €18,194 | €33,809 | €29,619 | €34,156 | €38,224 | €51,818 | €48,050 | €58,057 | ▲ 20.8% |
| Contributions10/11 | €18,600 | €18,600 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Contributions outside capital11 | - | - | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Other1109/19 | - | - | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €15,209 | €17,219 | €21,756 | €25,824 | €39,418 | €35,650 | €45,657 | ▲ 28.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €19,896 | €23,964 | €37,558 | €33,790 | €43,797 | ▲ 29.6% |
| Profit (loss) carried forward14 | -€2,266 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €201,467 | €208,013 | €193,053 | €172,406 | €158,587 | €149,795 | €124,767 | €99,274 | ▼ 20.4% |
| Amounts payable after more than one year17 | €178,169 | €169,999 | €152,001 | €134,290 | €123,862 | €105,620 | €89,091 | €69,962 | ▼ 21.5% |
| Financial debts170/4 | - | - | - | €134,290 | €123,862 | €105,620 | €89,091 | €69,962 | ▼ 21.5% |
| Amounts payable within one year42/48 | €23,297 | €38,015 | €41,052 | €38,116 | €34,726 | €44,175 | €35,676 | €29,311 | ▼ 17.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €17,609 | €18,526 | €18,242 | €21,259 | €18,829 | ▼ 11.4% |
| Financial debts43 | - | - | - | - | €2,923 | - | - | - | - |
| Credit institutions430/8 | - | - | - | - | €2,923 | - | - | - | - |
| Trade debts44 | €1,193 | €4,059 | €4,347 | €2,515 | €1,488 | €6,098 | €3,074 | €1,777 | ▼ 42.2% |
| Suppliers440/4 | - | - | - | €2,515 | €1,488 | €6,098 | €3,074 | €1,777 | ▼ 42.2% |
| Taxes, remuneration and social security45 | - | - | - | €17,993 | €11,788 | €19,836 | €11,343 | €8,705 | ▼ 23.3% |
| Taxes450/3 | - | - | - | €17,993 | €11,788 | €19,836 | €11,343 | €8,705 | ▼ 23.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,434 | €15,616 | €2,010 | €4,537 | €4,068 | €13,594 | €9,581 | €16,554 | ▲ 72.8% |
| + Depreciation and write-downs630 | €15,479 | €16,456 | €16,699 | €16,807 | €17,595 | €18,158 | €18,371 | €19,491 | ▲ 6.1% |
| Operating cash flow (approximation) | €24,913 | €32,071 | €18,708 | €21,344 | €21,663 | €31,752 | €27,952 | €36,045 | ▲ 29.0% |
| Investment in fixed assets (approximation) | - | -€8,734 | -€4,458 | -€1,350 | -€11,642 | -€1,442 | -€11,912 | -€4,619 | ▲ 61.2% |
| Change in cash | - | -€1,356 | -€1,165 | €6,674 | -€5,994 | -€318 | €2,426 | €434 | ▼ 82.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00495512 |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00413543 |
| 31-12-2023 | micro format | 06-09-2024 | 2024-00458543 |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00402435 |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20340436 |
| 31-12-2020 | micro format | 26-08-2021 | 2021-54100337 |
| 31-12-2019 | micro format | 17-08-2020 | 2020-41600222 |
| 31-12-2018 | micro format | 08-07-2019 | 2019-29900384 |
| 31-12-2017 | micro format | 01-08-2018 | 2018-42500217 |
| 31-12-2016 | abbreviated format | 30-06-2017 | 2017-24700557 |
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Of the 24,457 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,067. 11,076 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.