ELEVATOR SYSTEMS PARDO
ActiveSummary
ELEVATOR SYSTEMS PARDO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €149,495 and a net result of €11,802. Equity is growing by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 54% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+1
Solvency76▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 1.86 against 1.47 in 2024; short-term debt: 20.5% and cash: 19.2% of total assets), and 49.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.8%
Return on assets
4%
Age of the figures
9 mo
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 07-04-2026, 115 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
115 d early
2024
50 d early
2023
30 d early
2022
32 d early
2021
32 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 46 days before 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. Usually files around 29 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€149,495▲ 8.6%
2024 · €137,693
Total assets
€294,520▼ 2.7%
2024 · €302,656
Net result
€11,802▲ 10.7%
2024 · €10,660
Working capital
€52,088▲ 102%
2024 · €25,770
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€18,896▼ 55.2%-€4,302€64,768€21,672▼ 66.5%€22,233▲ 2.6%
Net result€14,741within the sector's middle half▼ 60.6%-€7,123below the sector's middle half€44,397above the sector's middle half€10,660within the sector's middle half▼ 76.0%€11,802within the sector's middle half▲ 10.7%
Equity€89,758within the sector's middle half▲ 19.7%€82,635within the sector's middle half▼ 7.9%€127,032within the sector's middle half▲ 53.7%€137,693above the sector's middle half▲ 8.4%€149,495above the sector's middle half▲ 8.6%
Total assets€185,110within the sector's middle half▲ 2.8%€273,467within the sector's middle half▲ 47.7%€272,416within the sector's middle half▼ 0.4%€302,656above the sector's middle half▲ 11.1%€294,520within the sector's middle half▼ 2.7%
Debt€95,351▼ 9.2%€190,832▲ 100%€145,383▼ 23.8%€164,963▲ 13.5%€145,025▼ 12.1%
Working capital-€2,580below the sector's middle half▲ 58.3%-€24,634below the sector's middle half▼ 855%€24,109within the sector's middle half€25,770within the sector's middle half▲ 6.9%€52,088within the sector's middle half▲ 102%
Solvency48.5%within the sector's middle half▲ 6.8pp30.2%within the sector's middle half▼ 18.3pp46.6%within the sector's middle half▲ 16.4pp45.5%within the sector's middle half▼ 1.1pp50.8%within the sector's middle half▲ 5.3pp
Current ratio0.96below the sector's middle half▲ 0.050.71below the sector's middle half▼ 0.241.36within the sector's middle half▲ 0.651.47within the sector's middle half▲ 0.111.86within the sector's middle half▲ 0.40
Return on assets (ROA)8.0%within the sector's middle half▼ 12.8pp-2.6%below the sector's middle half▼ 10.6pp16.3%within the sector's middle half▲ 18.9pp3.5%within the sector's middle half▼ 12.8pp4.0%within the sector's middle half▲ 0.5pp
Staff (FTE)1▲ 25.0%1=1=0.5▼ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 3% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €294,520
Fixed assets
€182,069 ▼ 17.9%
Current assets
€112,451 ▲ 39.0%
Equity and liabilities €294,520
Equity
€149,495 ▲ 8.6%
Debt
€145,025 ▼ 12.1%
Debt's share of the balance-sheet total falls from 54.5% to 49.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73,287▲
2024 · €69,458
Cash flow
€62,856▲
2024 · €58,447
Quick ratio
1.69▲
2024 · 1.20
Debt to equity
0.97▼
2024 · 1.20
ROE
7.9%▲
2024 · 7.7%
Interest coverage
13.76▲
2024 · 11.28
Debt ≤ 1 year
€60,363▲
2024 · €55,157
Debt > 1 year
€78,259▼
2024 · €98,890
Income taxes
€5,115▲
2024 · €4,857
Staff costs
-€84▼
2024 · €9,886
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6,311 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €23,392 | €23,392 | €19,858 | €9,886 | -€84 | ▼ 101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,006 | €34,496 | €38,978 | €47,787 | €51,054 | ▲ 6.8% |
| Other operating charges640/8 | €1,747 | €2,581 | €2,516 | €1,413 | €709 | ▼ 49.8% |
| Non-recurring operating charges66A | €106 | €62 | €3,881 | €432 | €53 | ▼ 87.7% |
| Gross operating margin9900 | €67,146 | €56,229 | €130,001 | €81,189 | €73,966 | ▼ 8.9% |
| Operating profit (loss)9901 | €18,896 | -€4,302 | €64,768 | €21,672 | €22,233 | ▲ 2.6% |
| Financial income75/76B | €96 | €57 | €17 | €2 | €11 | ▲ 382% |
| Recurring financial income75 | €96 | €57 | €17 | €2 | €11 | ▲ 382% |
| Financial charges65/66B | €1,753 | €2,849 | €3,702 | €6,157 | €5,327 | ▼ 13.5% |
| Recurring financial charges65 | €1,753 | €2,849 | €3,702 | €6,157 | €5,327 | ▼ 13.5% |
| Profit (loss) for the period before taxes9903 | €17,238 | -€7,094 | €61,083 | €15,517 | €16,917 | ▲ 9.0% |
| Income taxes67/77 | €2,497 | €29 | €16,686 | €4,857 | €5,115 | ▲ 5.3% |
| Profit (loss) for the period9904 | €14,741 | -€7,123 | €44,397 | €10,660 | €11,802 | ▲ 10.7% |
| Profit (loss) for the period to be appropriated9905 | €14,741 | -€7,123 | €44,397 | €10,660 | €11,802 | ▲ 10.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €185,110 | €273,467 | €272,416 | €302,656 | €294,520 | ▼ 2.7% |
| Fixed assets21/28 | €129,189 | €211,899 | €181,259 | €221,729 | €182,069 | ▼ 17.9% |
| Tangible fixed assets22/27 | €129,154 | €211,864 | €181,224 | €221,694 | €182,034 | ▼ 17.9% |
| Plant, machinery and equipment23 | €129,154 | €153,249 | €136,163 | €118,566 | €103,462 | ▼ 12.7% |
| Furniture and vehicles24 | - | €58,615 | €45,061 | €103,127 | €78,573 | ▼ 23.8% |
| Financial fixed assets28 | €35 | €35 | €35 | €35 | €35 | = |
| Current assets29/58 | €55,921 | €61,568 | €91,156 | €80,927 | €112,451 | ▲ 39.0% |
| Stocks and contracts in progress3 | €10,157 | €15,783 | €9,621 | €14,820 | €10,227 | ▼ 31.0% |
| Stocks30/36 | €10,157 | €13,683 | €9,621 | €14,820 | €10,227 | ▼ 31.0% |
| Contracts in progress37 | - | €2,100 | - | - | - | - |
| Amounts receivable within one year40/41 | €8,009 | €20,549 | €43,570 | €27,072 | €45,261 | ▲ 67.2% |
| Trade receivables40 | €5,736 | €15,290 | €41,797 | €24,322 | €37,439 | ▲ 53.9% |
| Other amounts receivable41 | €2,273 | €5,259 | €1,773 | €2,750 | €7,822 | ▲ 184% |
| Cash at bank and in hand54/58 | €37,756 | €24,786 | €34,333 | €37,705 | €56,573 | ▲ 50.0% |
| Deferred charges and accrued income490/1 | - | €450 | €3,633 | €1,331 | €390 | ▼ 70.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €185,110 | €273,467 | €272,416 | €302,656 | €294,520 | ▼ 2.7% |
| Equity10/15 | €89,758 | €82,635 | €127,032 | €137,693 | €149,495 | ▲ 8.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €68,387 | €68,387 | €108,432 | €119,093 | €130,895 | ▲ 9.9% |
| Non-distributable reserves130/1 | €1,687 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,687 | - | - | - | - | - |
| Distributable reserves133 | €66,700 | €68,387 | €108,432 | €119,093 | €130,895 | ▲ 9.9% |
| Profit (loss) carried forward14 | €2,772 | -€4,351 | - | - | - | - |
| Amounts payable17/49 | €95,351 | €190,832 | €145,383 | €164,963 | €145,025 | ▼ 12.1% |
| Amounts payable after more than one year17 | €8,624 | €77,959 | €63,098 | €98,890 | €78,259 | ▼ 20.9% |
| Financial debts170/4 | €8,624 | €77,959 | €63,098 | €98,890 | €78,259 | ▼ 20.9% |
| Amounts payable within one year42/48 | €58,501 | €86,202 | €67,047 | €55,157 | €60,363 | ▲ 9.4% |
| Current portion of amounts payable after more than one year42 | €10,696 | €23,618 | €15,368 | €21,983 | €20,630 | ▼ 6.2% |
| Trade debts44 | €37,805 | €32,980 | €34,120 | €23,689 | €31,030 | ▲ 31.0% |
| Suppliers440/4 | €37,805 | €32,980 | €34,120 | €23,689 | €31,030 | ▲ 31.0% |
| Advances received on contracts in progress46 | - | €761 | - | - | - | - |
| Taxes, remuneration and social security45 | €4,619 | €3,579 | €14,202 | €1,242 | €0 | ▼ 100% |
| Taxes450/3 | €1,081 | €55 | €11,186 | €1,242 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €3,537 | €3,525 | €3,016 | - | - | - |
| Other amounts payable47/48 | €5,382 | €25,264 | €3,358 | €8,243 | €8,703 | ▲ 5.6% |
| Accrued charges and deferred income492/3 | €28,226 | €26,671 | €15,238 | €10,916 | €6,403 | ▼ 41.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,741 | -€7,123 | €44,397 | €10,660 | €11,802 | ▲ 10.7% |
| + Depreciation and write-downs630 | €23,006 | €34,496 | €38,978 | €47,787 | €51,054 | ▲ 6.8% |
| Operating cash flow (approximation) | €37,747 | €27,373 | €83,375 | €58,447 | €62,856 | ▲ 7.5% |
| Investment in fixed assets (approximation) | - | -€117,206 | -€8,338 | -€88,256 | -€11,395 | ▲ 87.1% |
| Change in cash | - | -€12,970 | €9,546 | €3,372 | €18,868 | ▲ 460% |
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
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €44,397
Net result €44,397 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €127,032 ▲53.7%
Equity rises from €82,635 to €127,032.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€7,123
Net result drops to -€7,123, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €37,399
Net result €37,399 after 2 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Wevelgem · 1 establishment unit since 2018
Ground area
641 m²
Building footprint
362 m²
Volume, LiDAR
2,348 m³
Parcel 34302B0703/02F000, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Mi Kaaza
since 20182.271.319.435
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34302B0703/02F000 | Flanders | 641 m² | 1 · 362 m² | 11.6 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 551 EUR awarded · 222 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 551 EUR | 222 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteWevelgem2.271.319.435
Similar companies · same sector, comparable size
Plugnet
BE 0728.986.078
Antwerpen · Eq €149,766
SCC Lift Services
BE 0651.778.533
Brasschaat · Eq €149,030
D & G SUNCONTROL
BE 0835.925.214
Genk · Eq €148,980
C-TECH
BE 0466.472.901
Lille · Eq €148,943
J. DE MULDER
BE 0870.828.287
Dilbeek · Eq €150,069
Of 4,094 companies in sector 43240 we hold annual accounts for 1,635. 1,350 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
Founded26-09-2008
Fiscal year end31-12
Abbreviation NL
ESP
Activities, NACEBEL 2025
43240Other construction installation
43211General electrical installation work
46331Wholesale trade
47271Retail trade
47279Other retail sale of food
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806733756
Also
9925:BE0806733756
Registered
02-09-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.