ELFAISS
ActiveSummary
The computed 12-month bankruptcy probability of ELFAISS is 3.2% (moderate). The 2025 annual accounts show equity of €36,127 and a net result of €33,127. Its solvency ranks better than 68% of 1,671 sector peers (NACE 33, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €36,127
- Profit
- €33,127
Why 51raises riskFounded in 2024Size: total assets €58,202Latest accounts 63 days late; 1 of the last 3 lateSector: Repair, maintenance and installation of machinery and equipment (NACE 33)Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 33, micro): better than 69% on solvency, 30% on liquidity and 90% on profitability.
The bankruptcy probability was computed on 19-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointment: El Aouadi Faissal (director)…
Financials · financial year 2025, micro format
2025 annual accounts filed late (63 days) Filed on 2 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00543259.
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.2% 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 497,472 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% | 1.8% |
| 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 74.5% 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 39,278 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.
| Line | 2025 |
|---|---|
| Other operating charges640/8 | €1,588 |
| Gross operating margin9900 | €52,700 |
| Operating profit (loss)9901 | €51,112 |
| Financial charges65/66B | €4,371 |
| Recurring financial charges65 | €4,371 |
| Profit (loss) for the period before taxes9903 | €46,741 |
| Income taxes67/77 | €13,614 |
| Profit (loss) for the period9904 | €33,127 |
| Profit (loss) for the period to be appropriated9905 | €33,127 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €58,202 | |
| Current assets29/58 | €58,202 | |
| Amounts receivable within one year40/41 | €54,562 | |
| Trade receivables40 | €13,109 | |
| Other amounts receivable41 | €41,453 | |
| Cash at bank and in hand54/58 | €3,626 | |
| Deferred charges and accrued income490/1 | €14 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €58,202 | |
| Equity10/15 | €36,127 | |
| Contributions10/11 | €3,000 | |
| Reserves13 | €33,127 | |
| Distributable reserves133 | €33,127 | |
| Amounts payable17/49 | €22,075 | |
| Amounts payable after more than one year17 | €0 | |
| Financial debts170/4 | €0 | |
| Amounts payable within one year42/48 | €22,075 | |
| Current portion of amounts payable after more than one year42 | €2,601 | |
| Trade debts44 | €2,806 | |
| Suppliers440/4 | €2,806 | |
| Taxes, remuneration and social security45 | €16,668 | |
| Taxes450/3 | €16,668 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €33,127 |
| Operating cash flow (approximation) | €33,127 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 02-10-2026 | 2026-00543259 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
28-06
Gazette deed
IncorporationAppointment: El Aouadi Faissal (director) · Registered office clause · Board rule9 facts ▸
- Registered office clause, “3500 Hasselt, Alverbergstraat 41” (deed in Dutch)
- Board rule, 1
- Director appointment, El Aouadi Faissal (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen, verplichtingen en activiteiten door comparanten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Founder, El Aouadi Faissal
- Incorporation, “ELFAISS” (deed in Dutch)
- Founding capital, €3,000
- Other provision, “financieel plan, voorafgaandelijk aan verlijden oprichtingsakte” (deed in Dutch)
- Bank account, “vennootschap in oprichting, BE87 0019 8212 6894” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71327G0635/00M000 | Flanders | 194 m² | 1 · 68 m² | 13.8 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Reparatie van machines; Onderhouds- en herstellingswerken van mechanische aard voor rekening van derden; Installatie van industriële…” (deed in Dutch)
5 activities (deed in Dutch)
- Reparatie van machines
- Onderhouds- en herstellingswerken van mechanische aard voor rekening van derden
- Installatie van industriële machines,toestellen en werktuigen
- Installatie van hulpvoedingssystemen
- Overige zakelijke dienstverlening
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ELFAISS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “België of buitenland, Bijlage tot het Belgisch Staatsblad” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, één of meer bestuurders” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam met vermeldingen Wetboek van vennootschappen en verenigingen” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Monday of June at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Indien geen andere vereffenaar benoemd, bestuurder(s) in functie krachtens statuten” (deed in Dutch)