Equity
-€6,698
Debts exceed assets in financial year 2025.
ELEVATE
Lifetime
2 annual accounts with figures on one time axispeak €19,018 (2024)
€9,665▼ 49.2%
lowest -€8,739 (2025)
-€8,739▼ €7,781
peak €2,042 (2024)
-€6,698▼ €8,739
€65,585▼ 4.8%
Board3 names since 2023
2 directorsLIO'S LEGACY and 1 other
Documentsfilings and deeds
25-08-202625 days late
2025micro format
Gross margin from €19,018 to €9,665Loss of €8,739Equity from €2,042 to -€6,698Cash from €293 to €1,598
Key points
from the 2025 annual accountsLosses
-€9,698 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Debts
€65,585 111% of the balance sheet
Financial debts 20%Suppliers 20%Taxes and wages 3%Other 57%
Of this, €21,611 falls due within a year.
2025 accounts filed 25 days after the deadline
Checked score
53
Fair
Financially stronger than 19% of micro companies in sports and recreation (NACE 93)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 4,271 companies (NACE 93, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 0.9%▼ -0.1 percentage points vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025lowest value
04-2025: 1.0%▲ +0.1 percentage points vs 03-2025
05-2025: 1.1%▲ +0.1 percentage points vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.1%● unchanged vs 06-2025
08-2025: 1.1%● unchanged vs 07-2025
09-2025: 1.1%● unchanged vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.0%▼ -0.1 percentage points vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.1%▲ +0.1 percentage points vs 04-2026
06-2026: 1.0%▼ -0.1 percentage points vs 05-2026
07-2026: 1.1%▲ +0.1 percentage points vs 06-2026
08-2026: 1.5%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 1.2%▼ -0.3 percentage points vs 08-2026
10-2026: 1.2%● unchanged vs 09-2026
11-2026: 1.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€6,698
Liquidity: current ratio 0.60, cash €1,598
lowers risk
Sector: Sports, amusement and recreation activities (NACE 93)
Size: total assets €58,887
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 93, micro). It does better than 21% of them on solvency, 32% on liquidity, 22% on profitability and 2% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as ELEVATE has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ELEVATE itself is lower: 1.2% within 12 months. It rests on far more data about ELEVATE than the profile alone.
Test of the method
The method was tested on the 497,448 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.
| 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 7,639 companies, not a prediction for ELEVATE. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.6 (0.75 in 2024), below 1. Short-term debt is 36.7% and cash 2.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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
raises risk · 2025 accounts filed 25 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
25 days late
2024
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 28 days after the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VANAKEN Lauranne 100 sharesdeed of 19-05-2023
- STROO Frederik Gerard 100 sharesdeed of 19-05-2023
- BLANCQUAERT Nick Christiane Julien 100 sharesdeed of 19-05-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0801837632
Resignation: Lauranne Vanaken BV (director)
Permanent representative: Lauranne Vanaken · General meeting of 15-01-2024 · Gazette deed
Incorporation
Founding capital of €3,000, 300 shares · Founders: VANAKEN Lauranne, STROO Frederik Gerard and BLANCQUAERT Nick Christiane Julien · Appointments: STROO Frederik Gerard, LAURANNE VANAKEN and LIO'S LEGACY · published on 19-05-2023 · Gazette deed
First establishment
Oudenburgsesteenweg 31, Ostend
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ELEVATE Ostend | €58,887 | €9,665 | -11.4% | - |
| GYM SIXTEEN Bruges | €58,721 | €7,099 | 19.0% | - |
| The A-Pack Fitness Studio Tervuren | €46,310 | €7,860 | -6.7% | - |
| Bodyfit Pilates Schaerbeek | €81,257 | €13,457 | 74.5% | - |
| Bruce Bornem | €43,697 | €10,716 | 81.7% | - |
| Reborn Health Concept Schilde | €76,306 | €10,598 | 3.1% | - |
| SportVibes Beringen | €44,350 | €9,631 | 47.9% | - |
These companies have the same main activity as ELEVATE: fitness centres (NACE 93130). They are comparable in size and age: total assets between €43,700 and €81,300, founded between 2021 and 2024.
Official details
Source: KBO- Status
- Active since 16-05-2023Normal situation
- Registered office
- 47 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Fitness centresNACE 93130and 2 others
- Establishment unit
- 2.345.679.9328400 Ostend, since 16-05-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 26-12-2025
Insights on ELEVATE
ELEVATE has been active since 2023 and the Belgian Official 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 2,882 sector peers (NACE 93, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ELEVATE
- What is the company number of ELEVATE?
- The company number of ELEVATE is 0801.837.632. The VAT number is the same number with BE in front: BE 0801.837.632.
- Where is ELEVATE based?
- The registered office is at Oudenburgsesteenweg 31, 8400 Ostend.Company details
- What does ELEVATE do?
- According to the KBO register, the main activity is fitness centres (NACE 93130).
- What is the legal form of ELEVATE?
- ELEVATE is a private limited company (BV).
- When was ELEVATE founded?
- ELEVATE was founded on 16-05-2023.
- Is ELEVATE still active?
- Yes, ELEVATE is an active enterprise in the KBO register.
- What is the turnover of ELEVATE?
- The turnover in financial year 2025 is ≈ €57,000. This figure is estimated from the gross margin of €9,665 and 45 comparable companies (NACE 931). It probably lies between €25,000 and €130,000. It is a rough estimate.Financials
- Is ELEVATE profitable?
- In financial year 2025, ELEVATE made a loss of €8,739.
- Where can I find the annual accounts of ELEVATE?
- ELEVATE filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ELEVATE due?
- ELEVATE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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