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Elevate52

Active Risk: not assessed
Private limited companyfounded 2024active for 1 yearSlangenstraat(LIN) 52, 3210 Lubbeek, BelgiumKBO/BCE: BE 1015.892.678
Summary

Elevate52 is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €122,585 and a net result of €110,446. Its solvency ranks better than 71% of 6,673 sector peers (NACE 64, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, abbreviated format

Equity
€122,585▲ 910%
2024 · €12,139
Net result
€110,446▲ 12×
2024 · €9,139
Total assets
€166,194▲ 677%
2024 · €21,395
Solvency
73.8%▲ 17.0pp
2024 · 56.7%
Trend over the years

2024 to 2025, 2 financial years

The operating result rises in 2025; 2025 is over 12 times 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€141,936 2025 Net result€110,446 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€11,493-€141,936▲ 12×
Net result€9,139within the sector's middle half-€110,446within the sector's middle half▲ 12×
Equity€12,139below the sector's middle half-€122,585below the sector's middle half▲ 910%
Total assets€21,395below the sector's middle half-€166,194below the sector's middle half▲ 677%
Debt€9,257-€43,609▲ 371%
Working capital€3,556within the sector's middle half-€116,756within the sector's middle half▲ 33×
Solvency56.7%within the sector's middle half-73.8%within the sector's middle half▲ 17.0pp
Current ratio1.38within the sector's middle half-3.68above the sector's middle half▲ 2.29
Return on assets (ROA)42.7%above the sector's middle half-66.5%above the sector's middle half▲ 23.7pp
above within below the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €166,194
Fixed assets €5,829 ▼ 10.1%
Current assets €160,365 ▲ 13×
Equity and liabilities €166,194
Equity €122,585 ▲ 910%
Debt €43,609 ▲ 371%
Debt's share of the balance-sheet total falls from 43.3% to 26.2%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
ROE
90.1%▲
2024 · 75.3%
Debt ≤ 1 year
€43,609▲
2024 · €9,257
Income taxes
€31,406▲
2024 · €2,340
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€21,395€166,194▲
Formation expenses20€2,100€0▼
Fixed assets21/28€6,483€5,829▼
Tangible fixed assets22/27€6,483€5,829▼
Other tangible fixed assets26€6,483€5,829▼
Current assets29/58€12,812€160,365▲
Cash at bank and in hand54/58€12,576€159,905▲
Deferred charges and accrued income490/1€237€460▲
Equity and liabilities
Total equity and liabilities10/49€21,395€166,194▲
Equity10/15€12,139€122,585▲
Contributions10/11€3,000€3,000=
Reserves13€9,100€119,500▲
Distributable reserves133€9,100€119,500▲
Profit (loss) carried forward14€39€85▲
Amounts payable17/49€9,257€43,609▲
Amounts payable within one year42/48€9,257€43,609▲
Trade debts44€4,268€1,996▼
Suppliers440/4€4,268€1,996▼
Taxes, remuneration and social security45€4,988€41,612▲
Taxes450/3€4,988€41,612▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€278€2,754▲
Gross operating margin9900€11,771€144,690▲
Operating profit (loss)9901€11,493€141,936▲
Financial charges65/66B€14€84▲
Recurring financial charges65€14€84▲
Profit (loss) for the period before taxes9903€11,479€141,852▲
Income taxes67/77€2,340€31,406▲
Profit (loss) for the period9904€9,139€110,446▲
Profit (loss) for the period to be appropriated9905€9,139€110,446▲
Appropriation of the result
Profit (loss) to be appropriated9906€9,139€110,485▲
Profit (loss) brought forward from the previous period14P-€39
Transfer to equity691/2€9,100€110,400▲
To other reserves6921€9,100€110,400▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€278€2,754▲ 890%
Gross operating margin9900€11,771€144,690▲ 12×
Operating profit (loss)9901€11,493€141,936▲ 12×
Financial charges65/66B€14€84▲ 511%
Recurring financial charges65€14€84▲ 511%
Profit (loss) for the period before taxes9903€11,479€141,852▲ 12×
Income taxes67/77€2,340€31,406▲ 13×
Profit (loss) for the period9904€9,139€110,446▲ 12×
Profit (loss) for the period to be appropriated9905€9,139€110,446▲ 12×
Line20242025Change
Assets
Total assets20/58€21,395€166,194▲ 677%
Formation expenses20€2,100€0▼ 100%
Fixed assets21/28€6,483€5,829▼ 10.1%
Tangible fixed assets22/27€6,483€5,829▼ 10.1%
Other tangible fixed assets26€6,483€5,829▼ 10.1%
Current assets29/58€12,812€160,365▲ 13×
Cash at bank and in hand54/58€12,576€159,905▲ 13×
Deferred charges and accrued income490/1€237€460▲ 94.5%
Equity and liabilities
Total equity and liabilities10/49€21,395€166,194▲ 677%
Equity10/15€12,139€122,585▲ 910%
Contributions10/11€3,000€3,000=
Reserves13€9,100€119,500▲ 13×
Distributable reserves133€9,100€119,500▲ 13×
Profit (loss) carried forward14€39€85▲ 119%
Amounts payable17/49€9,257€43,609▲ 371%
Amounts payable within one year42/48€9,257€43,609▲ 371%
Trade debts44€4,268€1,996▼ 53.2%
Suppliers440/4€4,268€1,996▼ 53.2%
Taxes, remuneration and social security45€4,988€41,612▲ 734%
Taxes450/3€4,988€41,612▲ 734%
Line20242025Change
Profit (loss) for the period9904€9,139€110,446▲ 12×
+ Depreciation and write-downs630€278€2,754▲ 890%
Operating cash flow (approximation)€9,417€113,200▲ 12×
Investment in fixed assets (approximation)--€2,100-
Change in cash-€147,329-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2025 abbreviated format 30-06-2026 2026-00235791
31-12-2024 abbreviated format 24-07-2025 2025-00304679

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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.