ELESO
ActiveSummary
ELESO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €61k and a net result of €2k. Equity is growing by ~29% per year across the filed fiscal years. Its solvency ranks better than 40% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▼-18
Solvency69▼-9
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.68 against 1.97 in 2023; short-term debt: 47.4% and cash: 44.3% of total assets), but 55.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
44.2%
Return on assets
1.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-08-2025, 4 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
4 d late
2023
29 d early
2022
33 d early
2021
17 d late
2020
61 d late
2019
17 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€61k▼ 44.1%
2023 · €110k
2018: €11klowest in 7 years
2019: €29k▲ +165% vs 2018
2020: €59k▲ +106% vs 2019
2021: €75k▲ +27.7% vs 2020
2022: €115k▲ +52.5% vs 2021highest in 7 years
2023: €110k▼ -4.2% vs 2022
2024: €61k▼ -44.1% vs 2023
2018 → 2024
Total assets
€139k▼ 33.3%
2023 · €208k
2018: €46klowest in 7 years
2019: €71k▲ +53.7% vs 2018
2020: €140k▲ +96.4% vs 2019
2021: €156k▲ +11.9% vs 2020
2022: €182k▲ +16.9% vs 2021
2023: €208k▲ +14.2% vs 2022highest in 7 years
2024: €139k▼ -33.3% vs 2023
2018 → 2024
Net result
€2k▼ 95.4%
2023 · €33k
2018: €20k
2019: €34k▲ +72.4% vs 2018
2020: €33k▼ -1.9% vs 2019
2021: €21k▼ -37.3% vs 2020
2022: €43k▲ +106% vs 2021highest in 7 years
2023: €33k▼ -23.5% vs 2022
2024: €2k▼ -95.4% vs 2023lowest in 7 years
2018 → 2024
Working capital
€45k▼ 42.0%
2023 · €77k
2018: €12klowest in 7 years
2019: €27k▲ +132% vs 2018
2020: €46k▲ +68.9% vs 2019
2021: €49k▲ +5.8% vs 2020
2022: €85k▲ +75.0% vs 2021highest in 7 years
2023: €77k▼ -9.6% vs 2022
2024: €45k▼ -42.0% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€59k-€75k▲ 27.7%€115k▲ 52.5%€110k▼ 4.2%€61k▼ 44.1%
2020: €59klowest in 5 years
2021: €75k▲ +27.7% vs 2020
2022: €115k▲ +52.5% vs 2021highest in 5 years
2023: €110k▼ -4.2% vs 2022
2024: €61k▼ -44.1% vs 2023
Operating result€48k-€36k▼ 26.0%€56k▲ 57.3%€44k▼ 21.7%€33k▼ 24.2%
2020: €48k
2021: €36k▼ -26.0% vs 2020
2022: €56k▲ +57.3% vs 2021highest in 5 years
2023: €44k▼ -21.7% vs 2022
2024: €33k▼ -24.2% vs 2023lowest in 5 years
Net result€33k-€21k▼ 37.3%€43k▲ 106%€33k▼ 23.5%€2k▼ 95.4%
2020: €33k
2021: €21k▼ -37.3% vs 2020
2022: €43k▲ +106% vs 2021highest in 5 years
2023: €33k▼ -23.5% vs 2022
2024: €2k▼ -95.4% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 24% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €139k
Fixed assets
€28k ▼ 45.4%
Current assets
€110k ▼ 29.3%
Equity and liabilities €139k
Equity
€61k ▼ 44.1%
Debt
€78k ▼ 21.3%
Debt's share of the balance-sheet total rises from 47.3% to 55.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€36k▼
2023 · €48k
Cash flow
€4k▼
2023 · €37k
Current ratio
1.68▼
2023 · 1.97
Debt to equity
1.26▲
2023 · 0.90
ROE
2.5%▼
2023 · 29.9%
ROA
1.1%▼
2023 · 15.8%
Interest coverage
36.37▼
2023 · 47.99
Debt ≤ 1 year
€66k▼
2023 · €79k
Debt > 1 year
€12k▼
2023 · €19k
Income taxes
€8k▼
2023 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€208k€139k▼
Fixed assets21/28€52k€28k▼
Tangible fixed assets22/27€2k€2k▲
Furniture and vehicles24€2k€2k▲
Financial fixed assets28€50k€26k▼
Current assets29/58€156k€110k▼
Amounts receivable within one year40/41€29k€46k▲
Trade receivables40€17k€12k▼
Other amounts receivable41€12k€34k▲
Cash at bank and in hand54/58€124k€62k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€208k€139k▼
Equity10/15€110k€61k▼
Contributions10/11€19k€19k=
Reserves13€91k€43k▼
Distributable reserves133€91k€43k▼
Profit (loss) carried forward14€675€53▼
Amounts payable17/49€98k€78k▼
Amounts payable after more than one year17€19k€12k▼
Financial debts170/4€19k€12k▼
Amounts payable within one year42/48€79k€66k▼
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€5k€867▼
Suppliers440/4€5k€867▼
Taxes, remuneration and social security45€14k€5k▼
Taxes450/3€14k€2k▼
Remuneration and social security454/9-€4k
Other amounts payable47/48€54k€52k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€2k▼
Other operating charges640/8€1k€588▼
Gross operating margin9900€49k€36k▼
Operating profit (loss)9901€44k€33k▼
Financial income75/76B€193€722▲
Recurring financial income75€193€722▲
Financial charges65/66B€993€25k▲
Recurring financial charges65€993€977▼
Non-recurring financial charges66B-€24k
Profit (loss) for the period before taxes9903€43k€9k▼
Income taxes67/77€10k€8k▼
Profit (loss) for the period9904€33k€2k▼
Profit (loss) for the period to be appropriated9905€33k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€34k€2k▼
Profit (loss) brought forward from the previous period14P€802€675▼
Transfer from equity791/2€17k€48k▲
Profit to be distributed694/7€50k€50k=
Return on contributions (dividend)694€50k€50k=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €865 | €3k | €4k | €4k | €2k | ▼ 39.5% |
| Other operating charges640/8 | - | €3k | €1k | €1k | €588 | ▼ 52.6% |
| Gross operating margin9900 | €50k | €41k | €61k | €49k | €36k | ▼ 26.1% |
| Operating profit (loss)9901 | €48k | €36k | €56k | €44k | €33k | ▼ 24.2% |
| Financial income75/76B | - | €209 | €201 | €193 | €722 | ▲ 274% |
| Recurring financial income75 | €624 | €209 | €201 | €193 | €722 | ▲ 274% |
| Financial charges65/66B | - | €2k | €1k | €993 | €25k | ▲ 2,390% |
| Recurring financial charges65 | €1k | €2k | €1k | €993 | €977 | ▼ 1.6% |
| Non-recurring financial charges66B | - | - | - | - | €24k | - |
| Profit (loss) for the period before taxes9903 | €47k | €34k | €55k | €43k | €9k | ▼ 78.6% |
| Income taxes67/77 | €14k | €13k | €12k | €10k | €8k | ▼ 24.3% |
| Profit (loss) for the period9904 | €33k | €21k | €43k | €33k | €2k | ▼ 95.4% |
| Profit (loss) for the period to be appropriated9905 | €33k | €21k | €43k | €33k | €2k | ▼ 95.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €140k | €156k | €182k | €208k | €139k | ▼ 33.3% |
| Fixed assets21/28 | €53k | €60k | €56k | €52k | €28k | ▼ 45.4% |
| Tangible fixed assets22/27 | €3k | €10k | €6k | €2k | €2k | ▲ 2.7% |
| Furniture and vehicles24 | - | €10k | €6k | €2k | €2k | ▲ 2.7% |
| Financial fixed assets28 | €50k | €50k | €50k | €50k | €26k | ▼ 47.5% |
| Current assets29/58 | €86k | €96k | €126k | €156k | €110k | ▼ 29.3% |
| Amounts receivable within one year40/41 | €23k | €30k | €29k | €29k | €46k | ▲ 57.3% |
| Trade receivables40 | - | €15k | €15k | €17k | €12k | ▼ 30.9% |
| Other amounts receivable41 | - | €14k | €14k | €12k | €34k | ▲ 184% |
| Cash at bank and in hand54/58 | €64k | €67k | €97k | €124k | €62k | ▼ 50.5% |
| Deferred charges and accrued income490/1 | - | - | - | €3k | €3k | ▲ 5.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €140k | €156k | €182k | €208k | €139k | ▼ 33.3% |
| Equity10/15 | €59k | €75k | €115k | €110k | €61k | ▼ 44.1% |
| Contributions10/11 | - | €6k | €6k | €19k | €19k | = |
| Reserves13 | €52k | €69k | €108k | €91k | €43k | ▼ 52.8% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €67k | €106k | €91k | €43k | ▼ 52.8% |
| Profit (loss) carried forward14 | €838 | €342 | €802 | €675 | €53 | ▼ 92.2% |
| Amounts payable17/49 | €81k | €81k | €68k | €98k | €78k | ▼ 21.3% |
| Amounts payable after more than one year17 | €40k | €33k | €26k | €19k | €12k | ▼ 39.1% |
| Financial debts170/4 | - | €33k | €26k | €19k | €12k | ▼ 39.1% |
| Amounts payable within one year42/48 | €40k | €48k | €41k | €79k | €66k | ▼ 17.0% |
| Current portion of amounts payable after more than one year42 | - | €7k | €7k | €7k | €7k | ▲ 3.0% |
| Trade debts44 | €2k | €5k | €1k | €5k | €867 | ▼ 81.6% |
| Suppliers440/4 | - | €5k | €1k | €5k | €867 | ▼ 81.6% |
| Taxes, remuneration and social security45 | - | €29k | €27k | €14k | €5k | ▼ 59.9% |
| Taxes450/3 | - | €29k | €27k | €14k | €2k | ▼ 88.1% |
| Remuneration and social security454/9 | - | - | - | - | €4k | - |
| Other amounts payable47/48 | - | €7k | €6k | €54k | €52k | ▼ 3.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33k | €21k | €43k | €33k | €2k | ▼ 95.4% |
| + Depreciation and write-downs630 | €865 | €3k | €4k | €4k | €2k | ▼ 39.5% |
| Operating cash flow (approximation) | €34k | €23k | €47k | €37k | €4k | ▼ 89.5% |
| Investment in fixed assets (approximation) | - | €-9k | €0 | €0 | €21k | - |
| Change in cash | - | €3k | €31k | €27k | €-63k | ▼ 333% |
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
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
02-04
State Gazette act
General meeting · Capital increase
Capital · Director appointment
2024
31-12
Financial
Weakest financial yearnet €2k ▼95.4%
Net result drops to €2k, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €43k ▲106%
Operating result €56k, net result €43k, both a record.
31-12
Financial
Equity above €100kEq €115k ▲52.5%
5 profitable years in a row build equity to €115k.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
26-08
State Gazette act
General meeting · Capital increase
Capital · Corporate purpose
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Vorst · 1 establishment unit since 2018
Ground area
305 m²
Building footprint
117 m²
Volume, LiDAR
1,618 m³
Parcel 21383B0031/00G022, Brussels · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Jupiterlaan 115, 1190 Vorst
since 20182.274.862.905
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0031/00G022 | Brussels | 305 m² | 1 · 117 m² | 17.3 m · 5 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 13,417 companies in sector 73300 we hold annual accounts for 6,898. 5,565 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
Founded04-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.