Elexo
ActiveSummary
The computed 12-month bankruptcy probability of Elexo is 2.0% (moderate). The 2025 annual accounts show equity of €113,456 and a net result of €926. Equity is growing by ~39.8% per year across the filed fiscal years. Its solvency ranks better than 22% of 1323 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-49
Solvency44▼-12
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.16 against 1.38 in 2024; short-term debt: 75.1% and cash: 0% of total assets), and 80.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
19.1%
Return on assets
0.2%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 1323 sector peers (2025).
NBB · sector comparisonPosition among 1323 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
2 d early
2024
18 d early
2023
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€113,456▲ 0.8%
2024 · €112,530
Total assets
€594,505▲ 64.4%
2024 · €361,704
Net result
€926▼ 99.0%
2024 · €88,671
Working capital
€69,965▼ 14.6%
2024 · €81,959
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€30,097-€115,116▲ 282%€12,368▼ 89.3%
Net result€21,359-€88,671▲ 315%€926▼ 99.0%
Equity€23,859-€112,530▲ 372%€113,456▲ 0.8%
Total assets€201,528-€361,704▲ 79.5%€594,505▲ 64.4%
Debt€177,669-€249,174▲ 40.2%€481,049▲ 93.1%
Working capital€35,072-€81,959▲ 134%€69,965▼ 14.6%
Staff (FTE)2-2.8▲ 40.0%3.8▲ 35.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2025 Total assets +64% on 2024. Cause not known from the registers.
- 2024 Total assets +79% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 89% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €594,505
Fixed assets
€77,825 ▲ 20.3%
Current assets
€516,679 ▲ 73.9%
Equity and liabilities €594,505
Equity
€113,456 ▲ 0.8%
Debt
€481,049 ▲ 93.1%
Debt's share of the balance-sheet total rises from 68.9% to 80.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29,064▼
2024 · €121,887
Cash flow
€17,622▼
2024 · €95,442
Current ratio
1.16▼
2024 · 1.38
Quick ratio
0.78▼
2024 · 1.21
Debt to equity
4.24▲
2024 · 2.21
ROE
0.8%▼
2024 · 78.8%
ROA
0.2%▼
2024 · 24.5%
Interest coverage
3.72▼
2024 · 33.60
Debt ≤ 1 year
€446,714▲
2024 · €215,077
Debt > 1 year
€27,236
Income taxes
€3,622▼
2024 · €25,175
Staff costs
€275,638▲
2024 · €211,981
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,541 companies that looked in July 2024 the way this one looks now, 3.3% went bankrupt within 24 months and 95% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
3.3%
went bankrupt
1.1%
stopped otherwise
95%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% 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 497,058 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% | 1.6% |
| 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 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 2,541 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €70,350 | €211,981 | €275,638 | ▲ 30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €94 | €6,771 | €16,696 | ▲ 147% |
| Other operating charges640/8 | €2,815 | €8,888 | €8,852 | ▼ 0.4% |
| Gross operating margin9900 | €103,357 | €342,755 | €313,554 | ▼ 8.5% |
| Operating profit (loss)9901 | €30,097 | €115,116 | €12,368 | ▼ 89.3% |
| Financial income75/76B | €29 | €2,357 | €2 | ▼ 99.9% |
| Recurring financial income75 | €29 | €2,357 | €2 | ▼ 99.9% |
| Financial charges65/66B | €1,278 | €3,628 | €7,822 | ▲ 116% |
| Recurring financial charges65 | €1,278 | €3,628 | €7,822 | ▲ 116% |
| Profit (loss) for the period before taxes9903 | €28,849 | €113,845 | €4,548 | ▼ 96.0% |
| Income taxes67/77 | €7,490 | €25,175 | €3,622 | ▼ 85.6% |
| Profit (loss) for the period9904 | €21,359 | €88,671 | €926 | ▼ 99.0% |
| Profit (loss) for the period to be appropriated9905 | €21,359 | €88,671 | €926 | ▼ 99.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €201,528 | €361,704 | €594,505 | ▲ 64.4% |
| Fixed assets21/28 | €9,125 | €64,668 | €77,825 | ▲ 20.3% |
| Tangible fixed assets22/27 | €1,475 | €55,158 | €68,316 | ▲ 23.9% |
| Plant, machinery and equipment23 | - | €3,371 | €7,475 | ▲ 122% |
| Furniture and vehicles24 | €1,475 | €28,409 | €38,361 | ▲ 35.0% |
| Other tangible fixed assets26 | - | €23,378 | €22,480 | ▼ 3.8% |
| Financial fixed assets28 | €7,650 | €9,510 | €9,510 | = |
| Current assets29/58 | €192,403 | €297,036 | €516,679 | ▲ 73.9% |
| Stocks and contracts in progress3 | €39,183 | €36,324 | €168,645 | ▲ 364% |
| Stocks30/36 | €39,183 | €36,324 | €168,645 | ▲ 364% |
| Amounts receivable within one year40/41 | €132,417 | €208,927 | €338,866 | ▲ 62.2% |
| Trade receivables40 | €107,069 | €149,727 | €285,254 | ▲ 90.5% |
| Other amounts receivable41 | €25,348 | €59,201 | €53,612 | ▼ 9.4% |
| Cash at bank and in hand54/58 | €20,506 | €51,785 | €2 | ▼ 100.0% |
| Deferred charges and accrued income490/1 | €297 | €0 | €9,166 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €201,528 | €361,704 | €594,505 | ▲ 64.4% |
| Equity10/15 | €23,859 | €112,530 | €113,456 | ▲ 0.8% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €21,359 | €110,030 | €110,956 | ▲ 0.8% |
| Distributable reserves133 | €21,359 | €110,030 | €110,956 | ▲ 0.8% |
| Amounts payable17/49 | €177,669 | €249,174 | €481,049 | ▲ 93.1% |
| Amounts payable after more than one year17 | - | - | €27,236 | - |
| Financial debts170/4 | - | - | €27,236 | - |
| Amounts payable within one year42/48 | €157,331 | €215,077 | €446,714 | ▲ 108% |
| Current portion of amounts payable after more than one year42 | - | - | €16,220 | - |
| Financial debts43 | - | - | €48,602 | - |
| Credit institutions430/8 | - | - | €48,602 | - |
| Trade debts44 | €136,628 | €171,294 | €245,766 | ▲ 43.5% |
| Suppliers440/4 | €136,628 | €171,294 | €245,766 | ▲ 43.5% |
| Taxes, remuneration and social security45 | €20,703 | €41,080 | €36,540 | ▼ 11.1% |
| Taxes450/3 | €8,179 | €26,596 | €3,622 | ▼ 86.4% |
| Remuneration and social security454/9 | €12,524 | €14,484 | €32,918 | ▲ 127% |
| Other amounts payable47/48 | - | €2,703 | €99,587 | ▲ 3,584% |
| Accrued charges and deferred income492/3 | €20,338 | €34,097 | €7,098 | ▼ 79.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,359 | €88,671 | €926 | ▼ 99.0% |
| + Depreciation and write-downs630 | €94 | €6,771 | €16,696 | ▲ 147% |
| Operating cash flow (approximation) | €21,454 | €95,442 | €17,622 | ▼ 81.5% |
| Investment in fixed assets (approximation) | - | -€62,314 | -€29,854 | ▲ 52.1% |
| Change in cash | - | €31,278 | -€51,783 | ▼ 266% |
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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €926 ▼99%
Net result drops to €926, the lowest in the series.
13-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2023net €88,671 ▲315%
Operating result €115,116, net result €88,671, both a record.
30-06
Financial
Equity above €100,000Eq €112,530 ▲372%
2 profitable years in a row build equity to €112,530.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kontich · 1 establishment unit since 2022
Ground area
1.0 ha
Building footprint
5,847 m²
Volume, LiDAR
1,349 m³
Parcel 11024G0019/00R002, Flanders · tallest building 17.7 m. Linked by address, not a title deed.
1 establishment unit
Elexo
since 20222.335.521.755
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024G0019/00R002 | Flanders | 1.0 ha | 1 · 5,847 m² | 17.7 m |
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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 3,078 EUR awarded · 2,685 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,685 EUR | 2,685 EUR |
| 2023 | 1 | 393 EUR | 0 EUR |
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Of 1,226 companies in sector 33200 we hold annual accounts for 678. 533 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
Founded09-08-2022
Fiscal year end30-06
Activities, NACEBEL 2025
33200Installation of industrial machinery and equipment
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0789503487
Registered
19-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.