Elevate
ActiveSummary
Elevate has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107k and a net result of €-6k. Equity is growing by ~36.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-88
Solvency100▲+7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
short-term debt: 0.5% and cash: 31.1% of total assets, and 0.5% 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.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-07-2026, 10 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
10 d early
2024
86 d early
2023
66 d early
2022
126 d early
2021
103 d early
2020
101 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€107k▼ 5.1%
2024 · €113k
2020: €15klowest in 6 years
2021: €47k▲ +219% vs 2020
2022: €40k▼ -16.4% vs 2021
2023: €59k▲ +49.3% vs 2022
2024: €113k▲ +91.1% vs 2023highest in 6 years
2025: €107k▼ -5.1% vs 2024
2020 → 2025
Total assets
€108k▼ 34.9%
2024 · €166k
2020: €25klowest in 6 years
2021: €66k▲ +162% vs 2020
2022: €59k▼ -9.4% vs 2021
2023: €100k▲ +67.9% vs 2022
2024: €166k▲ +66.1% vs 2023highest in 6 years
2025: €108k▼ -34.9% vs 2024
2020 → 2025
Net result
€-6k
2024 · €59k
2020: €10k
2021: €33k▲ +231% vs 2020
2022: €-8k▼ -124% vs 2021lowest in 6 years
2023: €20k▲ +351% vs 2022
2024: €59k▲ +203% vs 2023highest in 6 years
2025: €-6k▼ -110% vs 2024
2020 → 2025
Working capital
€59k▼ 33.0%
2024 · €89k
2020: €13k
2021: €43k▲ +229% vs 2020
2022: €35k▼ -17.6% vs 2021
2023: €11k▼ -67.6% vs 2022lowest in 6 years
2024: €89k▲ +679% vs 2023highest in 6 years
2025: €59k▼ -33.0% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€47k-€40k▼ 16.4%€59k▲ 49.3%€113k▲ 91.1%€107k▼ 5.1%
2021: €47k
2022: €40k▼ -16.4% vs 2021lowest in 5 years
2023: €59k▲ +49.3% vs 2022
2024: €113k▲ +91.1% vs 2023highest in 5 years
2025: €107k▼ -5.1% vs 2024
Operating result€45k-€-7k€28k€78k▲ 176%€-84k
2021: €45k
2022: €-7k▼ -117% vs 2021
2023: €28k▲ +478% vs 2022
2024: €78k▲ +176% vs 2023highest in 5 years
2025: €-84k▼ -207% vs 2024lowest in 5 years
Net result€33k-€-8k€20k€59k▲ 203%€-6k
2021: €33k
2022: €-8k▼ -124% vs 2021lowest in 5 years
2023: €20k▲ +351% vs 2022
2024: €59k▲ +203% vs 2023highest in 5 years
2025: €-6k▼ -110% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €84k after €78k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108k
Fixed assets
€48k ▲ 7.8%
Current assets
€60k ▼ 50.5%
Equity and liabilities €108k
Equity
€107k ▼ 5.1%
Debt
€573 ▼ 98.9%
Debt's share of the balance-sheet total falls from 31.8% to 0.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-79k▼
2024 · €84k
Cash flow
€-1k▼
2024 · €65k
Debt to equity
0.01▼
2024 · 0.47
ROE
-5.3%▼
2024 · 52.4%
ROA
-5.3%▼
2024 · 35.8%
Interest coverage
-618.55▼
2024 · 943.69
Debt ≤ 1 year
€573▼
2024 · €32k
Income taxes
€-593▼
2024 · €19k
A ratio outside any meaningful range has been withheld (balance sheet total €108k, equity €107k).
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 · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€166k€108k▼
Formation expenses20€127€0▼
Fixed assets21/28€44k€48k▲
Tangible fixed assets22/27€44k€48k▲
Land and buildings22€715€31k▲
Plant, machinery and equipment23€33k€6k▼
Furniture and vehicles24€11k€10k▼
Current assets29/58€121k€60k▼
Amounts receivable within one year40/41€59k€26k▼
Trade receivables40€47k€25k▼
Other amounts receivable41€12k€2k▼
Cash at bank and in hand54/58€49k€34k▼
Deferred charges and accrued income490/1€13k€31▼
Equity and liabilities
Total equity and liabilities10/49€166k€108k▼
Equity10/15€113k€107k▼
Contributions10/11€5k€5k=
Capital10€5k-
Issued capital100€5k-
Reserves13€116k€116k=
Distributable reserves133€116k€116k=
Profit (loss) carried forward14€-8k€-14k▼
Amounts payable17/49€53k€573▼
Amounts payable within one year42/48€32k€573▼
Trade debts44€284€573▲
Suppliers440/4€284€573▲
Taxes, remuneration and social security45€32k€0▼
Taxes450/3€32k€0▼
Accrued charges and deferred income492/3€20k€0▼
Income statement
Code20242025
Non-recurring operating income76A-€5k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€4k▼
Other operating charges640/8€718€144▼
Non-recurring operating charges66A-€27k
Gross operating margin9900€85k€-52k▼
Operating profit (loss)9901€78k€-84k▼
Financial income75/76B€178€77k▲
Recurring financial income75€178€0▼
Non-recurring financial income76B-€77k
Financial charges65/66B€89€128▲
Recurring financial charges65€89€128▲
Profit (loss) for the period before taxes9903€78k€-6k▼
Income taxes67/77€19k€-593▼
Profit (loss) for the period9904€59k€-6k▼
Profit (loss) for the period to be appropriated9905€59k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€51k€-14k▼
Profit (loss) brought forward from the previous period14P€-8k€-8k=
Transfer to equity691/2€59k-
To other reserves6921€59k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €5k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €528 | €1k | €3k | €6k | €4k | ▼ 29.3% |
| Other operating charges640/8 | €648 | €469 | €516 | €718 | €144 | ▼ 79.9% |
| Non-recurring operating charges66A | - | - | - | - | €27k | - |
| Gross operating margin9900 | €46k | €-6k | €32k | €85k | €-52k | ▼ 162% |
| Operating profit (loss)9901 | €45k | €-7k | €28k | €78k | €-84k | ▼ 207% |
| Financial income75/76B | - | - | - | €178 | €77k | ▲ 43,330% |
| Recurring financial income75 | - | - | - | €178 | €0 | ▼ 100% |
| Non-recurring financial income76B | - | - | - | - | €77k | - |
| Financial charges65/66B | €35 | €86 | €100 | €89 | €128 | ▲ 43.8% |
| Recurring financial charges65 | €35 | €86 | €100 | €89 | €128 | ▲ 43.8% |
| Profit (loss) for the period before taxes9903 | €45k | €-8k | €28k | €78k | €-6k | ▼ 108% |
| Income taxes67/77 | €12k | €237 | €9k | €19k | €-593 | ▼ 103% |
| Profit (loss) for the period9904 | €33k | €-8k | €20k | €59k | €-6k | ▼ 110% |
| Profit (loss) for the period to be appropriated9905 | €33k | €-8k | €20k | €59k | €-6k | ▼ 110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €66k | €59k | €100k | €166k | €108k | ▼ 34.9% |
| Formation expenses20 | €892 | €637 | €382 | €127 | €0 | ▼ 100% |
| Fixed assets21/28 | €5k | €4k | €48k | €44k | €48k | ▲ 7.8% |
| Tangible fixed assets22/27 | €5k | €4k | €48k | €44k | €48k | ▲ 7.8% |
| Land and buildings22 | - | €939 | €827 | €715 | €31k | ▲ 4,268% |
| Plant, machinery and equipment23 | €3k | €2k | €36k | €33k | €6k | ▼ 80.5% |
| Furniture and vehicles24 | - | €1k | €11k | €11k | €10k | ▼ 4.2% |
| Other tangible fixed assets26 | €2k | - | - | - | - | - |
| Current assets29/58 | €60k | €55k | €52k | €121k | €60k | ▼ 50.5% |
| Amounts receivable within one year40/41 | €10k | €28k | €21k | €59k | €26k | ▼ 55.1% |
| Trade receivables40 | €10k | €24k | €13k | €47k | €25k | ▼ 47.1% |
| Other amounts receivable41 | €505 | €4k | €8k | €12k | €2k | ▼ 86.7% |
| Cash at bank and in hand54/58 | €50k | €24k | €26k | €49k | €34k | ▼ 31.4% |
| Deferred charges and accrued income490/1 | €109 | €3k | €4k | €13k | €31 | ▼ 99.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €66k | €59k | €100k | €166k | €108k | ▼ 34.9% |
| Equity10/15 | €47k | €40k | €59k | €113k | €107k | ▼ 5.1% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Capital10 | - | - | - | €5k | - | - |
| Issued capital100 | - | - | - | €5k | - | - |
| Reserves13 | €42k | €42k | €62k | €116k | €116k | = |
| Distributable reserves133 | €42k | €42k | €62k | €116k | €116k | = |
| Profit (loss) carried forward14 | - | €-8k | €-8k | €-8k | €-14k | ▼ 73.6% |
| Amounts payable17/49 | €18k | €20k | €41k | €53k | €573 | ▼ 98.9% |
| Amounts payable within one year42/48 | €17k | €20k | €40k | €32k | €573 | ▼ 98.2% |
| Trade debts44 | - | €6k | €19k | €284 | €573 | ▲ 102% |
| Suppliers440/4 | - | €6k | €19k | €284 | €573 | ▲ 102% |
| Taxes, remuneration and social security45 | €17k | €14k | €21k | €32k | €0 | ▼ 100% |
| Taxes450/3 | €15k | €12k | €20k | €32k | €0 | ▼ 100% |
| Remuneration and social security454/9 | €2k | €2k | €1k | - | - | - |
| Accrued charges and deferred income492/3 | €1k | €158 | €412 | €20k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33k | €-8k | €20k | €59k | €-6k | ▼ 110% |
| + Depreciation and write-downs630 | €528 | €1k | €3k | €6k | €4k | ▼ 29.3% |
| Operating cash flow (approximation) | €33k | €-7k | €23k | €65k | €-1k | ▼ 102% |
| Investment in fixed assets (approximation) | - | €-233 | €-47k | €-3k | €-8k | ▼ 191% |
| Change in cash | - | €-25k | €2k | €22k | €-15k | ▼ 168% |
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
21-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity times 28current ratio 104.80
Current ratio from 3.74 to 104.80; short-term debt falls from €32k to €573.
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €59k ▲203%
Operating result €78k, net result €59k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.74
Current ratio from 1.28 to 3.74; short-term debt falls from €40k to €32k.
31-12
Financial
Equity above €100kEq €113k ▲91.1%
2 profitable years in a row build equity to €113k.
26-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
19-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Aalst · 1 establishment unit since 2020
Ground area
607 m²
Building footprint
153 m²
Volume, LiDAR
837 m³
Parcel 41304G0166/00C003, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Elevate
since 20202.302.214.628
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41304G0166/00C003 | Flanders | 607 m² | 1 · 153 m² | 8.6 m · 2 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 82,632 companies in sector 70200 we hold annual accounts for 52,575. 40,705 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
Founded11-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
Michel.dewachter@spott.ai
Scores and ratios are computed by Checked and are not a credit decision.