ELESTATE
ActiveThe computed 12-month bankruptcy probability of ELESTATE is 2.2% (moderate). The 2025 annual accounts show equity of €24k and a net result of €14k. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 79% of 27711 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency99▲+35
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 3.75 against 1.55 in 2024; short-term debt: 25.9% and cash: 60.6% of total assets), and 25.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
74.1%
Return on assets
42.8%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-02-2026, 16 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 · 4 filingsDeviation from the deadline
2025
16 d late
2024
41 d late
2023
on the day
2022
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€24k▲ 137%
2024 · €10k
2022: €11k
2023: €32k
2024: €10k
2022 → 2025
Total assets
€33k▲ 23.8%
2024 · €26k
2022: €55k
2023: €187k
2024: €26k
2022 → 2025
Net result
€14k
2024 · €-22k
2022: €8k
2023: €22k
2024: €-22k
2022 → 2025
Working capital
€23k▲ 163%
2024 · €9k
2022: €11k
2023: €32k
2024: €9k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€11k-€32k▲ 201%€10k▼ 68.3%€24k▲ 137%
Operating result€10k-€27k▲ 177%€20k▼ 26.7%€15k▼ 26.6%
Net result€8k-€22k▲ 179%€-22k€14k
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; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €33k
Fixed assets
€909▼ 33.9%
Current assets
€32k▲ 27.0%
Equity and liabilities €33k
Equity
€24k▲ 137%
Debt
€8k▼ 47.6%
The debt ratio falls from 61.2% to 25.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15k
Cash flow
€14k
Solvency
74.1%▲
2024 · 38.8%
Current ratio
3.75▲
2024 · 1.55
Quick ratio
3.75▲
2024 · 1.55
Debt / equity
0.35▼
2024 · 1.58
ROE
57.7%▲
2024 · -215.2%
ROA
42.8%▲
2024 · -83.5%
Interest coverage
19.92
Debt
€8k▼
2024 · €16k
Debt ≤ 1 year
€8k▼
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€26k€33k▲
Fixed assets21/28€1k€909▼
Tangible fixed assets22/27€1k€909▼
Furniture and vehicles24€1k€909▼
Current assets29/58€25k€32k▲
Amounts receivable within one year40/41€866€12k▲
Trade receivables40€0-
Other amounts receivable41€866€12k▲
Cash at bank and in hand54/58€24k€20k▼
Equity and liabilities
Total equity and liabilities10/49€26k€33k▲
Equity10/15€10k€24k▲
Contributions10/11€3k€3k=
Reserves13-€20k
Distributable reserves133-€20k
Profit (loss) carried forward14€7k€1k▼
Amounts payable17/49€16k€8k▼
Amounts payable within one year42/48€16k€8k▼
Trade debts44€10k€374▼
Suppliers440/4€10k€374▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€7k€8k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€467
Other operating charges640/8€499€1k▲
Gross operating margin9900€20k€16k▼
Operating profit (loss)9901€20k€15k▼
Financial income75/76B-€157
Recurring financial income75-€157
Financial charges65/66B€42k€756▼
Recurring financial charges65€42k€756▼
Profit (loss) for the period before taxes9903€-22k€14k▲
Profit (loss) for the period9904€-22k€14k▲
Profit (loss) for the period to be appropriated9905€-22k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€21k▲
Profit (loss) brought forward from the previous period14P€29k€7k▼
Transfer to equity691/2-€20k
To other reserves6921-€20k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 16 days late
2025
30-06
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
30-06
Financial
Liquidity doublescurrent ratio 3.75
Current ratio from 1.55 to 3.75; short-term debt falls from €16k to €8k.
13-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
30-06
Financial
Weakest financial yearnet €-22k ▼202%
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2022net €22k ▲179%
Operating result €27k, net result €22k, both a record.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Asse · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brusselsesteenweg 181730 AsseGround area
369 m²
Building footprint
167 m²
Volume, LiDAR
876 m³
Parcel 23322E0103/00N000, Flanders · tallest building 10.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ELESTATE
since 20212.322.633.821
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322E0103/00N000 | Flanders | 369 m² | 1 · 167 m² | 10.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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Nevermind
BE 0546.624.890
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,455 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-09-2021
Fiscal year end30-06
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
41001General construction of residential buildings
41003General construction of other non-residential buildings
43350Other building finishing work
43910Bricklaying and masonry work
43994Specialised construction activities
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.