ELEVATE
ActiveSummary
ELEVATE has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€6,698) and a net result of -€8,739. Its solvency ranks better than 22% of 2330 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▼-49
Solvency14▼-14
Growth32
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.6 against 0.75 in 2024; short-term debt: 36.7% and cash: 2.7% of total assets), and equity is negative.
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Signals
Five 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-11.4%
Return on assets
-14.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€6,698
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 2 filingsDeviation from the deadline
2025
25 d late
2024
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 28 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€6,698
2024 · €2,042
Total assets
€58,887▼ 17.0%
2024 · €70,944
Net result
-€8,739▼ 812%
2024 · -€958
Working capital
-€8,599▼ 79.8%
2024 · -€4,783
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€641--€6,134
Net result-€958--€8,739▼ 812%
Equity€2,042--€6,698
Total assets€70,944-€58,887▼ 17.0%
Debt€68,902-€65,585▼ 4.8%
Working capital-€4,783--€8,599▼ 79.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6,134 after €641 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €58,887
Fixed assets
€45,876 ▼ 19.5%
Current assets
€13,012 ▼ 6.9%
Key figures and ratios
EBITDA
€5,565▼
2024 · €12,632
Cash flow
€2,960▼
2024 · €11,032
Solvency
-11.4%▼
2024 · 2.9%
Current ratio
0.60▼
2024 · 0.75
Quick ratio
0.59▼
2024 · 0.71
Debt to equity
-9.79▼
2024 · 33.75
ROA
-14.8%▼
2024 · -1.4%
Interest coverage
2.14▼
2024 · 7.17
Debt ≤ 1 year
€21,611▲
2024 · €18,763
Debt > 1 year
€43,974▼
2024 · €49,274
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,991 | €11,699 | ▼ 2.4% |
| Other operating charges640/8 | €6,386 | €4,101 | ▼ 35.8% |
| Gross operating margin9900 | €19,018 | €9,665 | ▼ 49.2% |
| Operating profit (loss)9901 | €641 | -€6,134 | ▼ 1,057% |
| Financial income75/76B | €162 | €1 | ▼ 99.7% |
| Recurring financial income75 | €162 | €1 | ▼ 99.7% |
| Financial charges65/66B | €1,762 | €2,605 | ▲ 47.9% |
| Recurring financial charges65 | €1,762 | €2,605 | ▲ 47.9% |
| Profit (loss) for the period before taxes9903 | -€958 | -€8,739 | ▼ 812% |
| Profit (loss) for the period9904 | -€958 | -€8,739 | ▼ 812% |
| Profit (loss) for the period to be appropriated9905 | -€958 | -€8,739 | ▼ 812% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €70,944 | €58,887 | ▼ 17.0% |
| Fixed assets21/28 | €56,964 | €45,876 | ▼ 19.5% |
| Intangible fixed assets21 | €19,299 | €16,999 | ▼ 11.9% |
| Tangible fixed assets22/27 | €37,665 | €28,877 | ▼ 23.3% |
| Plant, machinery and equipment23 | €33,325 | €25,429 | ▼ 23.7% |
| Furniture and vehicles24 | €3,328 | €2,647 | ▼ 20.5% |
| Other tangible fixed assets26 | €1,013 | €801 | ▼ 20.9% |
| Current assets29/58 | €13,980 | €13,012 | ▼ 6.9% |
| Stocks and contracts in progress3 | €637 | €332 | ▼ 47.9% |
| Stocks30/36 | €637 | €332 | ▼ 47.9% |
| Amounts receivable within one year40/41 | €10,665 | €9,949 | ▼ 6.7% |
| Trade receivables40 | €10,077 | €9,949 | ▼ 1.3% |
| Other amounts receivable41 | €588 | - | - |
| Cash at bank and in hand54/58 | €293 | €1,598 | ▲ 445% |
| Deferred charges and accrued income490/1 | €2,386 | €1,134 | ▼ 52.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €70,944 | €58,887 | ▼ 17.0% |
| Equity10/15 | €2,042 | -€6,698 | ▼ 428% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€958 | -€9,698 | ▼ 912% |
| Amounts payable17/49 | €68,902 | €65,585 | ▼ 4.8% |
| Amounts payable after more than one year17 | €49,274 | €43,974 | ▼ 10.8% |
| Financial debts170/4 | €19,064 | €12,823 | ▼ 32.7% |
| Other amounts payable178/9 | €30,210 | €31,151 | ▲ 3.1% |
| Amounts payable within one year42/48 | €18,763 | €21,611 | ▲ 15.2% |
| Current portion of amounts payable after more than one year42 | €5,951 | €6,241 | ▲ 4.9% |
| Financial debts43 | €1,037 | €49 | ▼ 95.2% |
| Credit institutions430/8 | €1,037 | €49 | ▼ 95.2% |
| Trade debts44 | €11,775 | €13,163 | ▲ 11.8% |
| Suppliers440/4 | €11,775 | €13,163 | ▲ 11.8% |
| Taxes, remuneration and social security45 | - | €2,157 | - |
| Taxes450/3 | - | €2,157 | - |
| Accrued charges and deferred income492/3 | €865 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€958 | -€8,739 | ▼ 812% |
| + Depreciation and write-downs630 | €11,991 | €11,699 | ▼ 2.4% |
| Operating cash flow (approximation) | €11,032 | €2,960 | ▼ 73.2% |
| Investment in fixed assets (approximation) | - | -€611 | - |
| Change in cash | - | €1,305 | - |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
NBB filing
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, Oostende · 1 establishment unit since 2023
Ground area
4.9 ha
Building footprint
1.2 ha
Volume, LiDAR
97,971 m³
Parcel 35382G0267/00T000, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ELEVATE
since 20232.345.679.932
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35382G0267/00T000 | Flanders | 4.9 ha | 1 · 1.2 ha | 11.3 m · 3 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 1,520 companies in sector 93130 we hold annual accounts for 688. 189 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
Founded16-05-2023
Fiscal year end31-12
Activities, NACEBEL 2025
93130Fitness centres
85510Sports and recreation education
86995Nutrition and dietetics services
Scores and ratios are computed by Checked and are not a credit decision.