Elezi
ActiveSummary
The computed 12-month bankruptcy probability of Elezi is 1.6% (moderate). The 2024 annual accounts show equity of €50,325 and a net result of €14,683. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 43% of 1329 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+10
Solvency65▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.33 in 2023; short-term debt: 36.7% and cash: 31.8% of total assets), and 60.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
39.6%
Return on assets
11.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-10-2025, 86 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
86 d late
2023
44 d late
2022
114 d late
2021
149 d late
2020
150 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 109 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€50,325▼ 15.6%
2023 · €59,641
Total assets
€127,010▼ 31.9%
2023 · €186,389
Net result
€14,683▲ 150%
2023 · €5,881
Working capital
€6,435▼ 74.5%
2023 · €25,229
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, 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
Line20202021202220232024
Operating result€2,241-€51,095▲ 2,180%-€8,226€15,177€24,326▲ 60.3%
Net result€1,126within the sector's middle half-€38,682above the sector's middle half▲ 3,335%-€9,807below the sector's middle half€5,881within the sector's middle half€14,683within the sector's middle half▲ 150%
Equity€18,686below the sector's middle half-€57,367within the sector's middle half▲ 207%€53,760within the sector's middle half▼ 6.3%€59,641within the sector's middle half▲ 10.9%€50,325within the sector's middle half▼ 15.6%
Total assets€53,467below the sector's middle half-€107,452within the sector's middle half▲ 101%€125,962within the sector's middle half▲ 17.2%€186,389within the sector's middle half▲ 48.0%€127,010within the sector's middle half▼ 31.9%
Debt€34,781-€50,084▲ 44.0%€72,201▲ 44.2%€126,747▲ 75.5%€76,685▼ 39.5%
Working capital€12,937within the sector's middle half-€50,296within the sector's middle half▲ 289%€50,923within the sector's middle half▲ 1.2%€25,229within the sector's middle half▼ 50.5%€6,435within the sector's middle half▼ 74.5%
Solvency34.9%within the sector's middle half-53.4%within the sector's middle half▲ 18.4pp42.7%within the sector's middle half▼ 10.7pp32.0%within the sector's middle half▼ 10.7pp39.6%within the sector's middle half▲ 7.6pp
Current ratio1.78within the sector's middle half-2.38within the sector's middle half▲ 0.611.98within the sector's middle half▼ 0.411.33within the sector's middle half▼ 0.651.14within the sector's middle half▼ 0.19
Return on assets (ROA)2.1%within the sector's middle half-36.0%above the sector's middle half▲ 33.9pp-7.8%below the sector's middle half▼ 43.8pp3.2%within the sector's middle half▲ 10.9pp11.6%within the sector's middle half▲ 8.4pp
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, 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
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 60% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €127,010
Fixed assets
€73,955 ▼ 12.3%
Current assets
€53,055 ▼ 48.0%
Equity and liabilities €127,010
Equity
€50,325 ▼ 15.6%
Debt
€76,685 ▼ 39.5%
Debt's share of the balance-sheet total falls from 68.0% to 60.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€57,629▲
2023 · €38,189
Cash flow
€47,986▲
2023 · €28,893
Debt to equity
1.52▼
2023 · 2.13
ROE
29.2%▲
2023 · 9.9%
Interest coverage
30.32▲
2023 · 13.57
Debt ≤ 1 year
€46,621▼
2023 · €76,805
Debt > 1 year
€30,065▼
2023 · €49,943
Income taxes
€7,742▲
2023 · €6,482
Staff costs
€55,019▲
2023 · €21,228
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 26,975 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1,120 | €1,366 | €21,228 | €55,019 | ▲ 159% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €607 | €5,952 | €5,920 | €23,012 | €33,302 | ▲ 44.7% |
| Other operating charges640/8 | - | €3,244 | €2,954 | €3,390 | €2,716 | ▼ 19.9% |
| Non-recurring operating charges66A | - | - | €17,434 | - | - | - |
| Gross operating margin9900 | €5,408 | €61,412 | €19,449 | €62,808 | €115,364 | ▲ 83.7% |
| Operating profit (loss)9901 | €2,241 | €51,095 | -€8,226 | €15,177 | €24,326 | ▲ 60.3% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Financial charges65/66B | - | €547 | €917 | €2,814 | €1,901 | ▼ 32.4% |
| Recurring financial charges65 | - | €547 | €917 | €2,814 | €1,901 | ▼ 32.4% |
| Profit (loss) for the period before taxes9903 | €2,241 | €50,548 | -€9,143 | €12,363 | €22,425 | ▲ 81.4% |
| Income taxes67/77 | €1,115 | €11,866 | €664 | €6,482 | €7,742 | ▲ 19.4% |
| Profit (loss) for the period9904 | €1,126 | €38,682 | -€9,807 | €5,881 | €14,683 | ▲ 150% |
| Profit (loss) for the period to be appropriated9905 | €1,126 | €38,682 | -€9,807 | €5,881 | €14,683 | ▲ 150% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €53,467 | €107,452 | €125,962 | €186,389 | €127,010 | ▼ 31.9% |
| Fixed assets21/28 | €23,875 | €20,762 | €22,890 | €84,355 | €73,955 | ▼ 12.3% |
| Tangible fixed assets22/27 | €23,875 | €20,762 | €22,390 | €83,855 | €73,455 | ▼ 12.4% |
| Plant, machinery and equipment23 | - | €1,392 | €2,289 | €1,411 | €10,646 | ▲ 654% |
| Furniture and vehicles24 | - | €19,370 | €20,102 | €82,444 | €62,808 | ▼ 23.8% |
| Financial fixed assets28 | - | - | €500 | €500 | €500 | = |
| Current assets29/58 | €29,592 | €86,690 | €103,072 | €102,033 | €53,055 | ▼ 48.0% |
| Amounts receivable within one year40/41 | €19,637 | €20,438 | €46,768 | €76,118 | €9,559 | ▼ 87.4% |
| Trade receivables40 | - | €525 | €3,382 | €6,211 | €8,979 | ▲ 44.6% |
| Other amounts receivable41 | - | €19,913 | €43,386 | €69,907 | €580 | ▼ 99.2% |
| Cash at bank and in hand54/58 | €9,525 | €62,224 | €55,111 | €24,644 | €40,413 | ▲ 64.0% |
| Deferred charges and accrued income490/1 | - | €4,028 | €1,193 | €1,271 | €3,084 | ▲ 143% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €53,467 | €107,452 | €125,962 | €186,389 | €127,010 | ▼ 31.9% |
| Equity10/15 | €18,686 | €57,367 | €53,760 | €59,641 | €50,325 | ▼ 15.6% |
| Contributions10/11 | - | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €6,286 | €44,967 | €35,160 | €41,041 | €31,725 | ▼ 22.7% |
| Non-distributable reserves130/1 | - | €516 | €516 | €516 | €516 | = |
| Reserves not available under the articles1311 | - | €516 | €516 | €516 | €516 | = |
| Distributable reserves133 | - | €44,451 | €34,644 | €40,525 | €31,209 | ▼ 23.0% |
| Amounts payable17/49 | €34,781 | €50,084 | €72,201 | €126,747 | €76,685 | ▼ 39.5% |
| Amounts payable after more than one year17 | €18,126 | €13,690 | €20,053 | €49,943 | €30,065 | ▼ 39.8% |
| Financial debts170/4 | - | €13,690 | €20,053 | €49,943 | €30,065 | ▼ 39.8% |
| Amounts payable within one year42/48 | €16,655 | €36,394 | €52,149 | €76,805 | €46,621 | ▼ 39.3% |
| Current portion of amounts payable after more than one year42 | - | €4,047 | €7,861 | €19,367 | €19,878 | ▲ 2.6% |
| Trade debts44 | €4,635 | €15,071 | €25,496 | €44,315 | €732 | ▼ 98.3% |
| Suppliers440/4 | - | €15,071 | €25,496 | €44,315 | €732 | ▼ 98.3% |
| Taxes, remuneration and social security45 | - | €17,276 | €16,883 | €11,213 | €19,481 | ▲ 73.7% |
| Taxes450/3 | - | €11,786 | €12,450 | €3,647 | €11,387 | ▲ 212% |
| Remuneration and social security454/9 | - | €5,490 | €4,433 | €7,566 | €8,094 | ▲ 7.0% |
| Other amounts payable47/48 | - | - | €1,909 | €1,909 | €6,529 | ▲ 242% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,126 | €38,682 | -€9,807 | €5,881 | €14,683 | ▲ 150% |
| + Depreciation and write-downs630 | €607 | €5,952 | €5,920 | €23,012 | €33,302 | ▲ 44.7% |
| Operating cash flow (approximation) | €1,733 | €44,634 | -€3,887 | €28,893 | €47,986 | ▲ 66.1% |
| Investment in fixed assets (approximation) | - | -€2,839 | -€8,048 | -€84,477 | -€22,901 | ▲ 72.9% |
| Change in cash | - | €52,699 | -€7,113 | -€30,466 | €15,768 | ▲ 152% |
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
2026
22-09
State Gazette act
Appointment: Kremtim Elezi (director)Resignation: Përparim Elezi (director)3 facts ▸
State Gazette act
Appointment: Kremtim Elezi (director)
Resignation: Përparim Elezi (director)3 facts ▸
- General meeting, 01-09-2026
- Director appointment, Kremtim Elezi (director)
- Director resignation, Përparim Elezi (director)
2025
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 86 days late
2024
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 44 days late
2023
31-12
Financial
Back to profitnet €5,881
Net result €5,881 after one loss-making year.
22-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 114 days late
2022
31-12
Financial
Weakest financial yearnet -€9,807
Net result drops to -€9,807, the lowest in the series; recovery starts the following year.
27-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 149 days late
2021
31-12
Financial
Highest result since 2020net €38,682 ▲3,335%
Operating result €51,095, net result €38,682, both a record.
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 150 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Kremtim Elezi
CurrentDirector · since 01-09-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2019
Ground area
330 m²
Building footprint
88 m²
Volume, LiDAR
581 m³
Parcel 11382C0699/00M000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Renohome & Invest
since 20192.290.189.596
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11382C0699/00M000 | Flanders | 330 m² | 1 · 88 m² | 10.4 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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Kremtim Elezi |
|
| Përparim Elezi |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
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Shareholding
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Of 394 companies in sector 42990 we hold annual accounts for 182. 136 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
Founded17-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
42990Civil engineering
43110Demolition
43240Other construction installation
43350Other building finishing work
43990Other specialised construction activities
Contact
E-mail
elezibv@outlook.beAntwerpen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0718783163
Also
9925:BE0718783163
Registered
28-12-2025
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.