ELESSAN
ActiveSummary
The computed 12-month bankruptcy probability of ELESSAN is 3.4% (moderate). The annual accounts of ELESSAN for fiscal year 2024 show a net loss of 141% of total assets and of 140% of the equity at the start of that year. The 2024 annual accounts show equity of €296,165 and a net result of -€717,178. Its solvency ranks better than 71% of 138 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 2 accounts on average 49 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
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Peer companies
Historical observationOf the 3,225 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 87% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.4% 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 3,225 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.
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €190,689 | €320,882 | ▲ 68.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,376 | €12,734 | ▲ 72.6% |
| Other operating charges640/8 | €384 | €1,108 | ▲ 188% |
| Gross operating margin9900 | -€287,496 | -€381,277 | ▼ 32.6% |
| Operating profit (loss)9901 | -€485,946 | -€716,001 | ▼ 47.3% |
| Financial income75/76B | €8 | €12 | ▲ 47.6% |
| Recurring financial income75 | €8 | €12 | ▲ 47.6% |
| Financial charges65/66B | €379 | €539 | ▲ 42.2% |
| Recurring financial charges65 | €379 | €539 | ▲ 42.2% |
| Profit (loss) for the period before taxes9903 | -€486,318 | -€716,529 | ▼ 47.3% |
| Income taxes67/77 | €339 | €650 | ▲ 91.8% |
| Profit (loss) for the period9904 | -€486,656 | -€717,178 | ▼ 47.4% |
| Profit (loss) for the period to be appropriated9905 | -€486,656 | -€717,178 | ▼ 47.4% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €622,471 | €509,145 | ▼ 18.2% |
| Fixed assets21/28 | €62,042 | €49,308 | ▼ 20.5% |
| Tangible fixed assets22/27 | €62,042 | €49,308 | ▼ 20.5% |
| Plant, machinery and equipment23 | €42,078 | €32,551 | ▼ 22.6% |
| Furniture and vehicles24 | €8,118 | €6,163 | ▼ 24.1% |
| Other tangible fixed assets26 | €11,846 | €10,594 | ▼ 10.6% |
| Current assets29/58 | €560,428 | €459,837 | ▼ 17.9% |
| Stocks and contracts in progress3 | €74,803 | €78,437 | ▲ 4.9% |
| Stocks30/36 | €74,803 | €78,437 | ▲ 4.9% |
| Amounts receivable within one year40/41 | €18,950 | €13,158 | ▼ 30.6% |
| Trade receivables40 | €1,481 | €1,089 | ▼ 26.5% |
| Other amounts receivable41 | €17,469 | €12,069 | ▼ 30.9% |
| Current investments50/53 | €2,585 | €2,594 | ▲ 0.3% |
| Cash at bank and in hand54/58 | €463,155 | €359,713 | ▼ 22.3% |
| Deferred charges and accrued income490/1 | €935 | €5,935 | ▲ 535% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €622,471 | €509,145 | ▼ 18.2% |
| Equity10/15 | €513,344 | €296,165 | ▼ 42.3% |
| Contributions10/11 | €1.0m | €1.5m | ▲ 50.0% |
| Capital10 | €1.0m | €1.5m | ▲ 50.0% |
| Issued capital100 | €1.5m | €1.5m | = |
| Uncalled capital101 | €500,000 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€486,656 | -€1.2m | ▼ 147% |
| Amounts payable17/49 | €109,127 | €212,980 | ▲ 95.2% |
| Amounts payable within one year42/48 | €109,127 | €212,980 | ▲ 95.2% |
| Trade debts44 | €49,079 | €134,311 | ▲ 174% |
| Suppliers440/4 | €49,079 | €134,311 | ▲ 174% |
| Advances received on contracts in progress46 | €7,707 | €2,781 | ▼ 63.9% |
| Taxes, remuneration and social security45 | €52,342 | €75,888 | ▲ 45.0% |
| Taxes450/3 | €336 | €649 | ▲ 92.8% |
| Remuneration and social security454/9 | €52,005 | €75,239 | ▲ 44.7% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€486,656 | -€717,178 | ▼ 47.4% |
| + Depreciation and write-downs630 | €7,376 | €12,734 | ▲ 72.6% |
| Operating cash flow (approximation) | -€479,280 | -€704,444 | ▼ 47.0% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€103,442 | - |
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
31-08
State Gazette act
Appointment: PwC Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Katrijn Verhaegen · Auditor resignation4 facts ▸
- General meeting, 18-05-2026
- Auditor resignation
- Auditor appointment, PwC Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Katrijn Verhaegen (permanent representative)
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Statutory auditor 1
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1898/00S005 | Flanders | 320 m² | 1 · 355 m² | 18.4 m · 5 fl. |
Linked by address, not proof of ownership
Mandate history
- Statutory auditor
| Name | Functions and periods |
|---|---|
| BV PwC Bedrijfsrevisoren |
|
Structure & network
Owners and holdings
1 ownerChain of control
- ANDHERS
- ELESSAN
Highest known parent: ANDHERS. The sources do not say who stands above it.
Owners 1
- ANDHERSparentSourceaccounts ANDHERS 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.