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Elev8 Management

Active
Private limited companyfounded 2025active for 1 yearAvenue d'Aix-la-Chapelle 24, 4020 Liège, BelgiumKBO/BCE: BE 1021.024.077

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 12-06-2026 at the NBB

Turnover
≈ €140,000
Estimated: probably between €86,000 and €260,000
Total assets
€50,266
Net result
€26,865
Working capital
€1,624

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €50,266
Fixed assets €884
Current assets €49,383
Equity and liabilities €50,266
Equity €2,508
Debt €47,759
Debt's share of the balance-sheet total is 95.0%.
Key figures and ratios
2025 value
EBITDA
€35,757
Cash flow
€27,135
Current ratio
1.03
Debt to equity
19.05
ROA
53.4%
Interest coverage
over 100
Debt ≤ 1 year
€47,759
Income taxes
€8,556
A ratio outside any meaningful range has been withheld (balance sheet total €50,266, equity €2,508).

Investments

fixed assets acquired
Item2025
Tangible fixed assets€1,154
Depreciation and write-downs of the year€270

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€50,266
Fixed assets21/28€884
Tangible fixed assets22/27€884
Furniture and vehicles24€884
Current assets29/58€49,383
Amounts receivable within one year40/41€8,035
Trade receivables40€8,035
Cash at bank and in hand54/58€39,724
Deferred charges and accrued income490/1€1,624
Equity and liabilities
Total equity and liabilities10/49€50,266
Equity10/15€2,508
Contributions10/11€500
Profit (loss) carried forward14€2,008
Amounts payable17/49€47,759
Amounts payable within one year42/48€47,759
Trade debts44€5,041
Suppliers440/4€5,041
Taxes, remuneration and social security45€17,669
Taxes450/3€17,669
Other amounts payable47/48€25,049
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€270
Gross operating margin9900€35,757
Operating profit (loss)9901€35,487
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€66
Recurring financial charges65€66
Profit (loss) for the period before taxes9903€35,421
Income taxes67/77€8,556
Profit (loss) for the period9904€26,865
Profit (loss) for the period to be appropriated9905€26,865
Appropriation of the result
Profit (loss) to be appropriated9906€26,865
Profit to be distributed694/7€24,857
Return on contributions (dividend)694€24,857

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 12-06-2026.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€270
Gross operating margin9900€35,757
Operating profit (loss)9901€35,487
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€66
Recurring financial charges65€66
Profit (loss) for the period before taxes9903€35,421
Income taxes67/77€8,556
Profit (loss) for the period9904€26,865
Profit (loss) for the period to be appropriated9905€26,865
Line2025
Assets
Total assets20/58€50,266
Fixed assets21/28€884
Tangible fixed assets22/27€884
Furniture and vehicles24€884
Current assets29/58€49,383
Amounts receivable within one year40/41€8,035
Trade receivables40€8,035
Cash at bank and in hand54/58€39,724
Deferred charges and accrued income490/1€1,624
Equity and liabilities
Total equity and liabilities10/49€50,266
Equity10/15€2,508
Contributions10/11€500
Profit (loss) carried forward14€2,008
Amounts payable17/49€47,759
Amounts payable within one year42/48€47,759
Trade debts44€5,041
Suppliers440/4€5,041
Taxes, remuneration and social security45€17,669
Taxes450/3€17,669
Other amounts payable47/48€25,049
Line2025
Profit (loss) for the period9904€26,865
+ Depreciation and write-downs630€270
Operating cash flow (approximation)€27,135

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 320 companies had the same profile as Elev8 Management has now. Two years later, 96.6% were still going and 0.9% had gone bankrupt.

  • Micro
  • under 2 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
96.6% was still going
2.5% stopped otherwise
0.9% went bankrupt

That fits the bankruptcy probability of Elev8 Management itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 320 companies, not a prediction for Elev8 Management. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 12-06-2026 2026-00158329 PDF

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