ELFAM
ActiveSummary
ELFAM has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.02M and a net result of €19k. Equity is growing by ~34.2% per year across the filed fiscal years. Its solvency ranks better than 49% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability38▲+2
Solvency82▼-14
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.31 in 2023; short-term debt: 42.7% and cash: 3.9% of total assets), and 42.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
57.3%
Return on assets
0.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-07-2025, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
15 d early
2023
61 d late
2022
108 d early
2021
94 d early
2020
109 d early
2019
64 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€3.02M▲ 0.6%
2023 · €3.00M
2018: €625klowest in 7 years
2019: €759k▲ +21.5% vs 2018
2020: €759k● +0.0% vs 2019
2021: €772k▲ +1.7% vs 2020
2022: €2.02M▲ +162% vs 2021
2023: €3.00M▲ +48.3% vs 2022
2024: €3.02M▲ +0.6% vs 2023highest in 7 years
2018 → 2024
Total assets
€5.28M▲ 24.6%
2023 · €4.23M
2018: €667klowest in 7 years
2019: €812k▲ +21.8% vs 2018
2020: €821k▲ +1.1% vs 2019
2021: €817k▼ -0.5% vs 2020
2022: €2.04M▲ +149% vs 2021
2023: €4.23M▲ +108% vs 2022
2024: €5.28M▲ +24.6% vs 2023highest in 7 years
2018 → 2024
Net result
€19k
2023 · €-22k
2018: €9k
2019: €190k▲ +2074% vs 2018highest in 7 years
2020: €33k▼ -82.9% vs 2019
2021: €45k▲ +38.9% vs 2020
2022: €2k▼ -95.5% vs 2021
2023: €-22k▼ -1175% vs 2022lowest in 7 years
2024: €19k▲ +188% vs 2023
2018 → 2024
Working capital
€320k▼ 15.1%
2023 · €377k
2018: €476k
2019: €759k▲ +59.5% vs 2018
2020: €759k● +0.0% vs 2019
2021: €772k▲ +1.7% vs 2020
2022: €2.02M▲ +162% vs 2021highest in 7 years
2023: €377k▼ -81.4% vs 2022
2024: €320k▼ -15.1% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€759k-€772k▲ 1.7%€2.02M▲ 162%€3.00M▲ 48.3%€3.02M▲ 0.6%
2020: €759klowest in 5 years
2021: €772k▲ +1.7% vs 2020
2022: €2.02M▲ +162% vs 2021
2023: €3.00M▲ +48.3% vs 2022
2024: €3.02M▲ +0.6% vs 2023highest in 5 years
Operating result€30k-€46k▲ 55.2%€-17k€-34k▼ 97.8%€36k
2020: €30k
2021: €46k▲ +55.2% vs 2020highest in 5 years
2022: €-17k▼ -137% vs 2021
2023: €-34k▼ -97.8% vs 2022lowest in 5 years
2024: €36k▲ +206% vs 2023
Net result€33k-€45k▲ 38.9%€2k▼ 95.5%€-22k€19k
2020: €33k
2021: €45k▲ +38.9% vs 2020highest in 5 years
2022: €2k▼ -95.5% vs 2021
2023: €-22k▼ -1175% vs 2022lowest in 5 years
2024: €19k▲ +188% vs 2023
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €36k after a loss of €34k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.28M
Fixed assets
€2.71M ▲ 3.0%
Current assets
€2.57M ▲ 59.8%
Equity and liabilities €5.28M
Equity
€3.02M ▲ 0.6%
Debt
€2.25M ▲ 83.1%
Debt's share of the balance-sheet total rises from 29.1% to 42.7%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.14▼
2023 · 1.31
Quick ratio
0.53▲
2023 · 0.46
Debt to equity
0.75▲
2023 · 0.41
ROE
0.6%▲
2023 · -0.7%
ROA
0.4%▲
2023 · -0.5%
Debt ≤ 1 year
€2.25M▲
2023 · €1.23M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4.23M€5.28M▲
Fixed assets21/28€2.63M€2.71M▲
Financial fixed assets28€2.63M€2.71M▲
Current assets29/58€1.61M€2.57M▲
Amounts receivable after more than one year29-€989k
Other amounts receivable291-€989k
Stocks and contracts in progress3€1.05M€1.37M▲
Stocks30/36€1.05M€1.37M▲
Amounts receivable within one year40/41€541k€5k▼
Trade receivables40€4k€4k▼
Other amounts receivable41€537k€1k▼
Cash at bank and in hand54/58€20k€205k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€4.23M€5.28M▲
Equity10/15€3.00M€3.02M▲
Contributions10/11€2.73M€2.73M=
Capital10€2.73M€2.73M=
Issued capital100€2.73M€2.73M=
Reserves13€299k€299k=
Non-distributable reserves130/1€48k€48k=
Legal reserve130€48k€48k=
Distributable reserves133€251k€251k=
Profit (loss) carried forward14€-22k€-3k▲
Amounts payable17/49€1.23M€2.25M▲
Amounts payable within one year42/48€1.23M€2.25M▲
Current portion of amounts payable after more than one year42-€961k
Financial debts43€626k-
Credit institutions430/8€626k-
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€785€7k▲
Taxes450/3€785€7k▲
Other amounts payable47/48€600k€1.28M▲
Accrued charges and deferred income492/3-€4k
Income statement
Code20232024
Other operating charges640/8€13k€1k▼
Gross operating margin9900€-21k€37k▲
Operating profit (loss)9901€-34k€36k▲
Financial income75/76B€24k€22k▼
Recurring financial income75€24k€22k▼
Financial charges65/66B€12k€39k▲
Recurring financial charges65€12k€39k▲
Profit (loss) for the period before taxes9903€-22k€19k▲
Income taxes67/77€-28-
Profit (loss) for the period9904€-22k€19k▲
Profit (loss) for the period to be appropriated9905€-22k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-22k€-3k▲
Profit (loss) brought forward from the previous period14P-€-22k
Transfer to equity691/2€0-
To the legal reserve6920€0-
To other reserves6921€0-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | €1k | €1k | €13k | €1k | ▼ 91.7% |
| Gross operating margin9900 | €33k | €47k | €-16k | €-21k | €37k | ▲ 281% |
| Operating profit (loss)9901 | €30k | €46k | €-17k | €-34k | €36k | ▲ 206% |
| Financial income75/76B | - | €15k | €20k | €24k | €22k | ▼ 7.0% |
| Recurring financial income75 | - | €15k | €20k | €24k | €22k | ▼ 7.0% |
| Financial charges65/66B | - | €557 | €381 | €12k | €39k | ▲ 235% |
| Recurring financial charges65 | €231 | €557 | €381 | €12k | €39k | ▲ 235% |
| Profit (loss) for the period before taxes9903 | €29k | €60k | €2k | €-22k | €19k | ▲ 188% |
| Income taxes67/77 | €-3k | €15k | €434 | €-28 | - | - |
| Profit (loss) for the period9904 | €33k | €45k | €2k | €-22k | €19k | ▲ 188% |
| Profit (loss) for the period to be appropriated9905 | €33k | €45k | €2k | €-22k | €19k | ▲ 188% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €821k | €817k | €2.04M | €4.23M | €5.28M | ▲ 24.6% |
| Fixed assets21/28 | - | - | - | €2.63M | €2.71M | ▲ 3.0% |
| Financial fixed assets28 | - | - | - | €2.63M | €2.71M | ▲ 3.0% |
| Current assets29/58 | €821k | €817k | €2.04M | €1.61M | €2.57M | ▲ 59.8% |
| Amounts receivable after more than one year29 | - | - | - | - | €989k | - |
| Other amounts receivable291 | - | - | - | - | €989k | - |
| Stocks and contracts in progress3 | - | - | - | €1.05M | €1.37M | ▲ 30.7% |
| Stocks30/36 | - | - | - | €1.05M | €1.37M | ▲ 30.7% |
| Amounts receivable within one year40/41 | €510k | €511k | €504k | €541k | €5k | ▼ 99.2% |
| Trade receivables40 | - | €11k | €3k | €4k | €4k | ▼ 13.4% |
| Other amounts receivable41 | - | €500k | €501k | €537k | €1k | ▼ 99.8% |
| Cash at bank and in hand54/58 | €311k | €306k | €1.53M | €20k | €205k | ▲ 934% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €821k | €817k | €2.04M | €4.23M | €5.28M | ▲ 24.6% |
| Equity10/15 | €759k | €772k | €2.02M | €3.00M | €3.02M | ▲ 0.6% |
| Contributions10/11 | €475k | €475k | €1.73M | €2.73M | €2.73M | = |
| Capital10 | - | €475k | €1.73M | €2.73M | €2.73M | = |
| Issued capital100 | - | €475k | €1.73M | €2.73M | €2.73M | = |
| Reserves13 | €284k | €297k | €299k | €299k | €299k | = |
| Non-distributable reserves130/1 | - | €48k | €48k | €48k | €48k | = |
| Legal reserve130 | - | €48k | €48k | €48k | €48k | = |
| Distributable reserves133 | - | €249k | €251k | €251k | €251k | = |
| Profit (loss) carried forward14 | - | €0 | €0 | €-22k | €-3k | ▲ 87.9% |
| Amounts payable17/49 | €62k | €45k | €12k | €1.23M | €2.25M | ▲ 83.1% |
| Amounts payable within one year42/48 | €62k | €45k | €12k | €1.23M | €2.25M | ▲ 82.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €961k | - |
| Financial debts43 | - | - | - | €626k | - | - |
| Credit institutions430/8 | - | - | - | €626k | - | - |
| Trade debts44 | €95 | €782 | €7k | €4k | €2k | ▼ 49.0% |
| Suppliers440/4 | - | €782 | €7k | €4k | €2k | ▼ 49.0% |
| Taxes, remuneration and social security45 | - | €12k | €5k | €785 | €7k | ▲ 772% |
| Taxes450/3 | - | €10k | €5k | €785 | €7k | ▲ 772% |
| Remuneration and social security454/9 | - | €3k | €0 | - | - | - |
| Other amounts payable47/48 | - | €33k | €0 | €600k | €1.28M | ▲ 113% |
| Accrued charges and deferred income492/3 | - | - | - | - | €4k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33k | €45k | €2k | €-22k | €19k | ▲ 188% |
| Operating cash flow (approximation) | €33k | €45k | €2k | €-22k | €19k | ▲ 188% |
| Investment in fixed assets (approximation) | - | - | - | - | €-80k | - |
| Change in cash | - | €-5k | €1.23M | €-1.51M | €185k | ▲ 112% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 9current ratio 166.39
Current ratio from 18.01 to 166.39; short-term debt falls from €45k to €12k.
31-12
Financial
Equity above €2MEq €2.02M ▲162%
5 profitable years in a row build equity to €2.02M.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €190k ▲2,074%
Operating result €258k, net result €190k, both a record.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
Show earlier events
2018
26-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1992
Ground area
2,403 m²
Building footprint
147 m²
Volume, LiDAR
797 m³
Parcel 46009A0613/00A000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELFAM
since 19922.056.573.808
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46009A0613/00A000 | Flanders | 2,403 m² | 1 · 147 m² | 8.0 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.
Similar companies · same sector, comparable size
S.S.M.
BE 0446.953.432
Jette · Eq €3,020,281
EVA WILLNEGGER
BE 0695.531.570
Sint-Pieters-Woluwe · Eq €3,022,223
A-FIRST
BE 0407.890.839
Elsene · Eq €3,018,542
KIMO
BE 0437.511.768
Antwerpen · Eq €3,025,348
INTRESITS
BE 0842.986.022
Knokke-Heist · Eq €3,025,812
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 15,783 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-02-1992
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.