Elexo
The computed 12-month bankruptcy probability of Elexo is 1.9% (moderate). The 2025 annual accounts show equity of €113k and a net result of €926. Equity is growing by ~39.8% per year across the filed fiscal years. Its solvency ranks better than 25% of 156 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €113k |
| Net result | €926 |
| Staff (FTE) | 3.8 |
| Better than sector | 25% |
Mixed profile: strong on stability, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 19.1% | 41.2% | |
| Net result | €926 | €20k | |
| Equity | €113k | €42k | |
| Gross operating margin | €314k | €43k | |
| Staff costs | €276k | €8k |
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €29k |
| Net profit | €926 |
| Cash flow | €18k |
| Staff costs | €276k |
| Income taxes | €4k |
| Dividends | - |
| Total assets | €595k |
| Equity | €113k |
| Debt | €481k |
| of which ≤ 1y | €447k |
| of which > 1y | €27k |
| Working capital | €70k |
| Employees (FTE) | 3.8 |
| 2025 | |
|---|---|
| Current ratio | 1.16 |
| Quick ratio | 0.78 |
| Working capital ratio | 11.8% |
| Solvency | 19.1% |
| Debt / equity | 4.24 |
| Long-term debt ratio | 0.24 |
| Interest coverage | 3.72 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.2% |
| ROE | 0.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €595k |
| Fixed assets | 21/28 | €78k |
| Tangible fixed assets | 22/27 | €68k |
| Financial fixed assets | 28 | €10k |
| Current assets | 29/58 | €517k |
| Stocks & contracts in progress | 3 | €169k |
| Amounts receivable within one year | 40/41 | €339k |
| Cash & bank | 54/58 | €2 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €595k |
| Equity | 10/15 | €113k |
| Contributions / capital | 10/11 | €3k |
| Reserves | 13 | €111k |
| Amounts payable | 17/49 | €481k |
| Amounts payable after one year | 17 | €27k |
| Amounts payable within one year | 42/48 | €447k |
| Trade debts payable within one year | 44 | €246k |
| Income statement | ||
| Gross operating margin | 9900 | €314k |
| Operating result | 9901 | €12k |
| Financial income | 75 | €2 |
| Financial charges | 65 | €8k |
| Result before taxes | 9903 | €5k |
| Income taxes | 67/77 | €4k |
| Net result for the period | 9904 | €926 |
| Result to be appropriated | 9905 | €926 |
| NACE primary | 33200 |
| Legal form | Private limited company(610) |
| Incorporation | 09-08-2022 |
| Status | Active |
| Postal code | 2550 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024G0019/00R002 | Flanders | 1.0 ha | 1 · 5,847 m² | 17.7 m |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
03-07-2024 Registered office moved within Kontich
- Kontich, Drabstraat 196 bus B101 → 2550 Kontich, Kartuizersweg 6J
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "2550 Kontich, Kartuizersweg 6J",
"city": "Kontich",
"region": "vlaams_gewest",
"street": "Kartuizersweg",
"country": "BE",
"postcode": "2550",
"box_number": null,
"street_number": "6J",
"locality_suffix": null
},
"old_address": {
"raw": "Kontich, Drabstraat 196 bus B101",
"city": "Kontich",
"region": "vlaams_gewest",
"street": "Drabstraat",
"country": "BE",
"postcode": "2550",
"box_number": "B101",
"street_number": "196",
"locality_suffix": null
},
"effective_date": "2024-06-10",
"evidence_quote": "Het bestuursorgaan beslist om de maatschappelijke zetel te verplaatsen van Kontich, Drabstraat 196 bus B101 naar 2550 Kontich, Kartuizersweg 6J met ingang vanaf heden.",
"region_changed": false,
"is_statute_change": false,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "Mevr. Eva Thielemans",
"firm_city": null,
"firm_name": null,
"office_city": "Antwerpen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-07-03",
"filing_date": "2024-06-10",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "raad_van_bestuur",
"date": "2024-02-01",
"unanimous": true
},
"subject_company": {
"kbo": "0789.503.487",
"name_full": "ELEXO",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": "PKF BOFIDI Accountants \u0026 Advisers",
"person_name": null,
"org_rep_person_name": "Mevrouw Lindsey Schamp, Mevrouw Wendy Defreyne, Mevrouw Sylvia Vanbeveren, Mevrouw Eva Thielemans, Mevrouw Tine Talpe",
"person_role_at_subject": null
},
"co_filed_documents": [
"Formulier I - Publicatie in de Bijlagen bij het Belgisch Staatsblad",
"Formulier II - Wijziging van de registratie in de Kruispuntbank van Ondernemingen (KBO)"
]
}11-08-2022 Publication in the Belgian Official Gazette, Minor change
Technical details
{
"notary": {
"name": "Ines van Opstal",
"firm_city": null,
"firm_name": null,
"office_city": "Hoboken",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2022-08-11",
"filing_date": "2022-08-09",
"act_kind_objet": "OPRICHTING"
},
"decision": {
"body": "notarieel_alleen",
"date": "2022-08-05",
"unanimous": null
},
"agm_change": null,
"detected_kind": "oprichting",
"other_address": null,
"mandate_renewal": {
"period_end": null,
"mandate_kind": "bestuurder",
"period_start": null,
"remuneration_eur": null,
"remuneration_kind": null,
"person_or_entity_kbo": null,
"person_or_entity_name": "Mike SPAARGAREN"
},
"subject_company": {
"kbo": "0789.503.487",
"name_full": "Elexo",
"legal_form": "BV"
},
"accounts_deposit": null,
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null
},
"co_filed_documents": [],
"fiscal_year_change": null,
"liquidation_closure": null,
"officer_designation": {
"role": "bestuurder",
"organ": null,
"person_name": "Mike SPAARGAREN"
},
"special_procuration": null,
"is_volet_a_only_stub": false,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Elexo |