Elevate Rentals

Active

Private limited companyfounded 20197 yrs activeBroekstraat 47, 1745 Opwijk, BelgiumKBO/BCE: BE 0728.999.441

Summary

The computed 12-month bankruptcy probability of Elevate Rentals is 2.4% (moderate). The 2024 annual accounts show equity of €11k and a net result of €-2k. Equity is shrinking by ~8% per year across the filed fiscal years. Its solvency ranks better than 63% of 2024 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

52 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability19▼-7

Solvency71▼-5

Growth32=

Track record100

Bankruptcy probability, 12 months

2.4% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity ample (current ratio 1.87 against 2.04 in 2023; short-term debt: 53.6% and cash: 98.8% of total assets), but 53.6% of the assets are financed with debt.

How do we compute the score and the probability?

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

46.4%

Return on assets

-7.5%

Age of the figures

21 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 77

Relative position

BE, all sectors

reference

Sector 77

higher

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2025, 8 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

8 d early

2023

7 d early

2022

4 d early

2021

2 d early

2020

10 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€11k▼ 13.9%

2023 · €12k

2020: €15k 2021: €14k 2022: €13k 2023: €12k

2020 → 2024

Total assets

€23k▼ 5.2%

2023 · €24k

2020: €26k 2021: €25k 2022: €25k 2023: €24k

2020 → 2024

Net result

€-2k▼ 55.9%

2023 · €-1k

2020: €10k 2021: €-604 2022: €-1k 2023: €-1k

2020 → 2024

Working capital

€11k▼ 13.9%

2023 · €12k

2020: €15k 2021: €14k 2022: €13k 2023: €12k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€15k-€14k▼ 4.0%€13k▼ 7.0%€12k▼ 8.2%€11k▼ 13.9%

Operating result€10k-€-552€-968▼ 75.5%€-1k▼ 8.8%€-2k▼ 58.0%

Net result€10k-€-604€-1k▼ 69.0%€-1k▼ 8.2%€-2k▼ 55.9%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €2k in 2024 against €1k in 2023; the loss grows and 2024 has the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €23k

46.4%

53.6%

Equity €11k ▼ 13.9%

Debt €12k ▲ 3.8%

Debt's share of the balance-sheet total rises from 48.9% to 53.6%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

Current ratio

1.87▼

2023 · 2.04

Debt to equity

1.15▲

2023 · 0.96

ROE

-16.2%▼

2023 · -8.9%

ROA

-7.5%▼

2023 · -4.6%

Debt ≤ 1 year

€12k▲

2023 · €12k

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 · 2024 against 2023 · 25 lines

Balance sheet Code20232024

Assets

Total assets20/58€24k€23k▼

Current assets29/58€24k€23k▼

Amounts receivable within one year40/41€268€266▼

Other amounts receivable41€268€266▼

Cash at bank and in hand54/58€24k€23k▼

Equity and liabilities

Total equity and liabilities10/49€24k€23k▼

Equity10/15€12k€11k▼

Contributions10/11€5k€5k=

Reserves13€7k€6k▼

Distributable reserves133€7k€6k▼

Amounts payable17/49€12k€12k▲

Amounts payable within one year42/48€12k€12k▲

Trade debts44€1k€2k▲

Suppliers440/4€1k€2k▲

Other amounts payable47/48€11k€11k=

Income statement Code20232024

Other operating charges640/8€384€387▲

Gross operating margin9900€-669€-1k▼

Operating profit (loss)9901€-1k€-2k▼

Financial charges65/66B€50€56▲

Recurring financial charges65€50€56▲

Profit (loss) for the period before taxes9903€-1k€-2k▼

Profit (loss) for the period9904€-1k€-2k▼

Profit (loss) for the period to be appropriated9905€-1k€-2k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-1k€-2k▼

Transfer from equity791/2€1k€2k▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 1Filings 5

2025

23-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-2k

Net result drops to €-2k, the lowest in the series.

24-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

27-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

29-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

10-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 10 days late

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, Opwijk · 1 establishment unit since 2026

establishment The establishment unit on the map

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.

Broekstraat 471745 Opwijk

Ground area

526 m²

Building footprint

116 m²

Volume, LiDAR

595 m³

Parcel 23060B0191/00R002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Elevate Rentals

Broekstraat 47, 1745 OpwijkWarehousing and storage

since 20262.387.422.792

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23060B0191/00R002	Flanders	526 m²	1 · 116 m²	9.3 m · 2 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.

Similar companies · same sector, comparable size

Heuten Investment Company

Dilsen-Stokkem · Eq €11,134

ACC

BE 0448.090.114

Wijnegem · Eq €11,172

Of 977 companies in sector 77210 we hold annual accounts for 217. 115 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded28-06-2019

Fiscal year end31-12

Activities, NACEBEL 2025

77210Renting and leasing of sports and recreation goods

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.