ELESCO
ActiveSummary
ELESCO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of €35,630. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 92% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71=
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150,000 at 30 days acceptable
Liquidity ample (current ratio 7.32 against 7.41 in 2024; short-term debt: 5% and cash: 1.4% of total assets), and 8.3% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
91.7%
Return on assets
1.8%
Age of the figures
12 mo
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 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
6 d late
2023
on the day
2022
2 d late
2021
on the day
2020
on the day
2019
30 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 3 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1.9m▲ 1.9%
2024 · €1.8m
Total assets
€2.0m▲ 2.1%
2024 · €2.0m
Net result
€35,630▲ 2.1%
2024 · €34,888
Working capital
€642,750▲ 10.5%
2024 · €581,664
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€11,468€241,564€21,904▼ 90.9%€34,409▲ 57.1%€47,642▲ 38.5%
Net result-€1,305within the sector's middle half€171,301above the sector's middle half€26,820within the sector's middle half▼ 84.3%€34,888within the sector's middle half▲ 30.1%€35,630above the sector's middle half▲ 2.1%
Equity€1.6mabove the sector's middle half▼ 0.2%€1.8mabove the sector's middle half▲ 10.6%€1.8mabove the sector's middle half▲ 1.4%€1.8mabove the sector's middle half▲ 1.9%€1.9mabove the sector's middle half▲ 1.9%
Total assets€2.9mabove the sector's middle half▲ 26.5%€2.0mabove the sector's middle half▼ 30.6%€2.0mabove the sector's middle half▼ 2.6%€2.0mwithin the sector's middle half▲ 1.5%€2.0mabove the sector's middle half▲ 2.1%
Debt€1.2m▲ 106%€167,716▼ 86.0%€93,848▼ 44.0%€95,288▲ 1.5%€106,980▲ 12.3%
Working capital€1.5m▲ 82.2%€491,690▼ 67.0%€527,647▲ 7.3%€581,664▲ 10.2%€642,750▲ 10.5%
Solvency55.2%within the sector's middle half▼ 14.8pp87.9%above the sector's middle half▲ 32.7pp91.6%above the sector's middle half▲ 3.7pp91.9%above the sector's middle half▲ 0.3pp91.7%above the sector's middle half▼ 0.2pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 38% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.3m ▼ 2.3%
Current assets
€744,407 ▲ 10.7%
Equity and liabilities €2.0m
Equity
€1.9m ▲ 1.9%
Provisions
€61,324 ▼ 6.9%
Debt
€106,980 ▲ 12.3%
Debt's share of the balance-sheet total rises from 4.8% to 5.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€86,671▲
2024 · €71,054
Cash flow
€74,659▲
2024 · €71,533
Current ratio
7.32▼
2024 · 7.41
Debt to equity
0.06▲
2024 · 0.05
ROE
1.9%▲
2024 · 1.9%
ROA
1.8%▲
2024 · 1.8%
Interest coverage
18.37▲
2024 · 18.14
Debt ≤ 1 year
€101,656▲
2024 · €90,756
Income taxes
€18,822▲
2024 · €18,049
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 14,684 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,358 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,166 | €33,113 | €36,353 | €36,645 | €39,030 | ▲ 6.5% |
| Other operating charges640/8 | €14,809 | €20,481 | €11,406 | €8,182 | €4,777 | ▼ 41.6% |
| Non-recurring operating charges66A | - | €216,857 | €0 | - | - | - |
| Gross operating margin9900 | €29,507 | €512,015 | €69,663 | €79,236 | €91,448 | ▲ 15.4% |
| Operating profit (loss)9901 | -€11,468 | €241,564 | €21,904 | €34,409 | €47,642 | ▲ 38.5% |
| Financial income75/76B | €19,279 | €13,853 | €18,297 | €17,881 | €6,965 | ▼ 61.0% |
| Recurring financial income75 | €19,279 | €13,853 | €18,297 | €17,881 | €6,965 | ▼ 61.0% |
| Financial charges65/66B | €8,247 | €18,897 | €3,132 | €3,917 | €4,719 | ▲ 20.5% |
| Recurring financial charges65 | €8,247 | €18,897 | €3,132 | €3,917 | €4,719 | ▲ 20.5% |
| Profit (loss) for the period before taxes9903 | -€436 | €236,520 | €37,069 | €48,373 | €49,888 | ▲ 3.1% |
| Transfer from deferred taxes780 | €5,530 | €26,987 | €4,564 | €4,564 | €4,564 | = |
| Income taxes67/77 | €6,399 | €92,207 | €14,813 | €18,049 | €18,822 | ▲ 4.3% |
| Profit (loss) for the period9904 | -€1,305 | €171,301 | €26,820 | €34,888 | €35,630 | ▲ 2.1% |
| Transfer from tax-exempt reserves789 | €13,165 | €80,961 | €13,691 | €13,691 | €13,691 | = |
| Profit (loss) for the period to be appropriated9905 | €11,860 | €252,262 | €40,511 | €48,579 | €49,321 | ▲ 1.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €2.0m | €2.0m | €2.0m | €2.0m | ▲ 2.1% |
| Fixed assets21/28 | €1.3m | €1.4m | €1.3m | €1.3m | €1.3m | ▼ 2.3% |
| Tangible fixed assets22/27 | €1.3m | €1.4m | €1.3m | €1.3m | €1.3m | ▼ 2.3% |
| Land and buildings22 | €1.3m | €1.4m | €1.3m | €1.3m | €1.3m | ▼ 2.2% |
| Furniture and vehicles24 | - | - | - | €7,078 | €5,260 | ▼ 25.7% |
| Financial fixed assets28 | €186 | €186 | €186 | €186 | €186 | = |
| Current assets29/58 | €1.6m | €651,709 | €612,948 | €672,420 | €744,407 | ▲ 10.7% |
| Stocks and contracts in progress3 | €1.0m | €0 | - | - | - | - |
| Stocks30/36 | €1.0m | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €398,767 | €616,526 | €577,872 | €643,099 | €712,503 | ▲ 10.8% |
| Other amounts receivable41 | €398,767 | €616,526 | €577,872 | €643,099 | €712,503 | ▲ 10.8% |
| Cash at bank and in hand54/58 | €195,054 | €29,060 | €29,678 | €24,450 | €27,730 | ▲ 13.4% |
| Deferred charges and accrued income490/1 | €7,235 | €6,123 | €5,399 | €4,870 | €4,174 | ▼ 14.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €2.0m | €2.0m | €2.0m | €2.0m | ▲ 2.1% |
| Equity10/15 | €1.6m | €1.8m | €1.8m | €1.8m | €1.9m | ▲ 1.9% |
| Contributions10/11 | €471,089 | €471,089 | €471,089 | €471,089 | €471,089 | = |
| Reserves13 | €1.0m | €1.2m | €1.2m | €1.2m | €1.3m | ▲ 2.7% |
| Non-distributable reserves130/1 | €50,125 | €50,125 | €50,125 | €0 | - | - |
| Reserves not available under the articles1311 | €50,125 | €50,125 | €50,125 | €0 | - | - |
| Tax-exempt reserves132 | €253,982 | €173,020 | €159,329 | €145,638 | €131,946 | ▼ 9.4% |
| Distributable reserves133 | €705,583 | €956,246 | €995,091 | €1.1m | €1.1m | ▲ 4.4% |
| Profit (loss) carried forward14 | €117,371 | €117,371 | €117,371 | €117,371 | €117,371 | = |
| Provisions and deferred taxes16 | €102,002 | €75,015 | €70,451 | €65,887 | €61,324 | ▼ 6.9% |
| Deferred taxes168 | €102,002 | €75,015 | €70,451 | €65,887 | €61,324 | ▼ 6.9% |
| Amounts payable17/49 | €1.2m | €167,716 | €93,848 | €95,288 | €106,980 | ▲ 12.3% |
| Amounts payable after more than one year17 | €1.0m | €0 | - | - | - | - |
| Financial debts170/4 | €1.0m | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €139,286 | €160,019 | €85,302 | €90,756 | €101,656 | ▲ 12.0% |
| Current portion of amounts payable after more than one year42 | €12,000 | €0 | - | - | - | - |
| Financial debts43 | €0 | - | - | - | - | - |
| Credit institutions430/8 | €0 | - | - | - | - | - |
| Trade debts44 | €46,372 | €16,349 | €17,577 | €22,920 | €19,232 | ▼ 16.1% |
| Suppliers440/4 | €46,372 | €16,349 | €17,577 | €22,920 | €19,232 | ▼ 16.1% |
| Taxes, remuneration and social security45 | €21,435 | €94,618 | €20,004 | €19,352 | €21,820 | ▲ 12.8% |
| Taxes450/3 | €21,435 | €94,618 | €20,004 | €19,352 | €21,820 | ▲ 12.8% |
| Other amounts payable47/48 | €59,479 | €49,052 | €47,721 | €48,484 | €60,604 | ▲ 25.0% |
| Accrued charges and deferred income492/3 | €7,551 | €7,697 | €8,546 | €4,532 | €5,323 | ▲ 17.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,305 | €171,301 | €26,820 | €34,888 | €35,630 | ▲ 2.1% |
| + Depreciation and write-downs630 | €26,166 | €33,113 | €36,353 | €36,645 | €39,030 | ▲ 6.5% |
| Operating cash flow (approximation) | €24,861 | €204,414 | €63,173 | €71,533 | €74,659 | ▲ 4.4% |
| Investment in fixed assets (approximation) | - | -€127,013 | -€21,836 | -€7,272 | -€8,135 | ▼ 11.9% |
| Change in cash | - | -€165,994 | €618 | -€5,228 | €3,280 | ▲ 163% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 6 days late
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
30-09
Financial
Back to profitnet €171,301
Net result €171,301 after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet -€1,305
Net result drops to -€1,305, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity doublescurrent ratio 11.71
Current ratio from 5.56 to 11.71; short-term debt falls from €179,433 to €139,286.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2017
29-04
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 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Lokeren · 1 establishment unit since 1995
Ground area
829 m²
Building footprint
265 m²
Volume, LiDAR
1,127 m³
Parcel 46014A1054/00R000, Flanders · tallest building 7.5 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ELESCO BVBA
since 19952.074.540.285
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46014A1054/00R000 | Flanders | 829 m² | 1 · 265 m² | 7.5 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.
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 3,094 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
Founded08-12-1995
Fiscal year end30-09
Activities, NACEBEL 2025
68121Development of residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70100Activities of head offices
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456733309
Also
9925:BE0456733309
Registered
19-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.