ELEXAN
ActiveSummary
The computed 12-month bankruptcy probability of ELEXAN is 1.5% (moderate). The 2024 annual accounts show equity of €172,428 and a net result of €14,048. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 92% of 18930 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2022
Profitability77▼-6
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days only on tighter terms
Liquidity ample (current ratio 17.97 against 10.28 in 2022; short-term debt: 5.6% and cash: 4.1% of total assets), and 17.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-12-2025, 146 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
146 d late
2022
23 d late
2021
25 d early
2020
69 d late
2019
2 d early
2017
99 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 52 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€172,428▲ 17.7%
2022 · €146,455
Total assets
€208,317▲ 10.2%
2022 · €188,993
Net result
€14,048▼ 34.2%
2022 · €21,344
Working capital
€196,458▲ 16.2%
2022 · €169,097
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line20192020202120222024
Operating result€36,908-€38,255▲ 3.7%€25,820▼ 32.5%€23,544▼ 8.8%€18,371-
Net result€41,436-€32,704above the sector's middle half▼ 21.1%€28,192within the sector's middle half▼ 13.8%€21,344above the sector's middle half▼ 24.3%€14,048within the sector's middle half-
Equity€64,215-€96,919above the sector's middle half▲ 50.9%€125,111above the sector's middle half▲ 29.1%€146,455above the sector's middle half▲ 17.1%€172,428above the sector's middle half-
Total assets€144,173-€133,558within the sector's middle half▼ 7.4%€164,573within the sector's middle half▲ 23.2%€188,993within the sector's middle half▲ 14.8%€208,317within the sector's middle half-
Debt€79,958-€36,639▼ 54.2%€39,462▲ 7.7%€42,538▲ 7.8%€35,889-
Working capital€88,530-€118,173▲ 33.5%€147,059▲ 24.4%€169,097▲ 15.0%€196,458-
Solvency44.5%-72.6%above the sector's middle half▲ 28.0pp76.0%above the sector's middle half▲ 3.5pp77.5%above the sector's middle half▲ 1.5pp82.8%above the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service 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 is €18,371 in 2024, compared with €23,544 in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €208,317
Fixed assets
€285 ▼ 83.0%
Current assets
€208,032 ▲ 11.1%
Equity and liabilities €208,317
Equity
€172,428 ▲ 17.7%
Debt
€35,889 ▼ 15.6%
Debt's share of the balance-sheet total falls from 22.5% to 17.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19,065▼
2022 · €24,238
Cash flow
€14,742▼
2022 · €22,038
Current ratio
17.97▲
2022 · 10.28
Debt to equity
0.21▼
2022 · 0.29
ROE
8.1%▼
2022 · 14.6%
ROA
6.7%▼
2022 · 11.3%
Interest coverage
44.03▼
2022 · 390.94
Debt ≤ 1 year
€11,574▼
2022 · €18,223
Debt > 1 year
€24,315=
2022 · €24,315
Income taxes
€3,890▼
2022 · €6,170
Staff costs
€8,912▲
2022 · €3,888
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 34,679 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 | 2019 | 2020 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €6,149 | €3,888 | €8,912 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €391 | €410 | €694 | €694 | €694 | - |
| Other operating charges640/8 | - | - | €796 | €1,806 | €916 | - |
| Gross operating margin9900 | €38,239 | €42,246 | €33,459 | €29,932 | €28,893 | - |
| Operating profit (loss)9901 | €36,908 | €38,255 | €25,820 | €23,544 | €18,371 | - |
| Financial income75/76B | - | - | €6,603 | €4,032 | - | - |
| Recurring financial income75 | €7,980 | - | €6,603 | €4,032 | - | - |
| Financial charges65/66B | - | - | €341 | €62 | €433 | - |
| Recurring financial charges65 | €224 | €249 | €341 | €62 | €433 | - |
| Profit (loss) for the period before taxes9903 | €44,663 | €38,006 | €32,082 | €27,514 | €17,938 | - |
| Income taxes67/77 | €3,227 | €5,302 | €3,890 | €6,170 | €3,890 | - |
| Profit (loss) for the period9904 | €41,436 | €32,704 | €28,192 | €21,344 | €14,048 | - |
| Profit (loss) for the period to be appropriated9905 | €41,436 | €32,704 | €28,192 | €21,344 | €14,048 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €144,173 | €133,558 | €164,573 | €188,993 | €208,317 | - |
| Fixed assets21/28 | €0 | €3,061 | €2,367 | €1,673 | €285 | - |
| Tangible fixed assets22/27 | €0 | €3,061 | €2,367 | €1,673 | €285 | - |
| Plant, machinery and equipment23 | - | - | - | - | €1 | - |
| Furniture and vehicles24 | - | - | €2,367 | €1,673 | €284 | - |
| Current assets29/58 | €144,173 | €130,497 | €162,206 | €187,320 | €208,032 | - |
| Amounts receivable within one year40/41 | €120,381 | €98,780 | €128,205 | €147,622 | €199,553 | - |
| Trade receivables40 | - | - | €16,803 | €28,203 | - | - |
| Other amounts receivable41 | - | - | €111,402 | €119,419 | €199,553 | - |
| Cash at bank and in hand54/58 | €23,792 | €31,091 | €34,001 | €39,698 | €8,479 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €144,173 | €133,558 | €164,573 | €188,993 | €208,317 | - |
| Equity10/15 | €64,215 | €96,919 | €125,111 | €146,455 | €172,428 | - |
| Contributions10/11 | €16,050 | - | €16,050 | €16,050 | €18,850 | - |
| Outside capital11 | - | - | €16,050 | €16,050 | €18,850 | - |
| Other1109/19 | - | - | €16,050 | €16,050 | €18,850 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | - |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | - |
| Profit (loss) carried forward14 | €46,305 | €79,009 | €107,201 | €128,545 | €151,718 | - |
| Amounts payable17/49 | €79,958 | €36,639 | €39,462 | €42,538 | €35,889 | - |
| Amounts payable after more than one year17 | €24,315 | €24,315 | €24,315 | €24,315 | €24,315 | - |
| Other amounts payable178/9 | - | - | €24,315 | €24,315 | €24,315 | - |
| Amounts payable within one year42/48 | €55,643 | €12,324 | €15,147 | €18,223 | €11,574 | - |
| Trade debts44 | €18,889 | €2,001 | €10,355 | €5,632 | €2,291 | - |
| Suppliers440/4 | - | - | €10,355 | €5,632 | €2,291 | - |
| Taxes, remuneration and social security45 | - | - | €4,792 | €12,591 | €9,283 | - |
| Taxes450/3 | - | - | €4,792 | €11,088 | €9,283 | - |
| Remuneration and social security454/9 | - | - | - | €1,503 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,436 | €32,704 | €28,192 | €21,344 | €14,048 | - |
| + Depreciation and write-downs630 | €391 | €410 | €694 | €694 | €694 | - |
| Operating cash flow (approximation) | €41,827 | €33,114 | €28,886 | €22,038 | €14,742 | - |
| Investment in fixed assets (approximation) | - | -€3,471 | €0 | €0 | - | - |
| Change in cash | - | €7,299 | €2,910 | €5,697 | - | - |
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
2025
24-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 146 days late
2024
31-12
Financial
Weakest financial yearnet €14,048 ▼34.2%
Net result drops to €14,048, the lowest in the series.
31-12
Financial
Equity above €150,000Eq €172,428 ▲17.7%
5 profitable years in a row build equity to €172,428.
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €125,111 ▲29.1%
3 profitable years in a row build equity to €125,111.
08-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 69 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 10.59
Current ratio from 2.59 to 10.59; short-term debt falls from €55,643 to €12,324.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
07-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 99 days late
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
02-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2013
14-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Antwerpen · 1 establishment unit since 2011
Ground area
92 m²
Building footprint
92 m²
Volume, LiDAR
1,122 m³
Parcel 11003A0115/00D019, Flanders · tallest building 14.5 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Club 26
since 20112.196.305.474
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003A0115/00D019indicative | Flanders | 92 m² | 1 · 92 m² | 14.5 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.196.305.474
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,897. 3,263 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
Founded15-02-2011
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0833787353
Also
9925:BE0833787353
Registered
16-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.