ELFARR
InactiveSignals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€27,285
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 23-11-2025, 69 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
69 d early
2024
60 d early
2023
44 d early
2022
42 d early
2021
42 d early
2020
64 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 51 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2025, micro schema
Equity
€28,879▼ 48.6%
2024 · €56,164
Total assets
€36,129▼ 58.6%
2024 · €87,238
Net result
-€27,285▼ 385%
2024 · -€5,622
Working capital
€28,879▲ 21.2%
2024 · €23,832
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€44,623€31,560▼ 29.3%-€4,562-€4,364▲ 4.3%-€26,378▼ 504%
Net result€43,027€29,485▼ 31.5%-€5,095-€5,622▼ 10.3%-€27,285▼ 385%
Equity€37,397€66,882▲ 78.8%€61,786▼ 7.6%€56,164▼ 9.1%€28,879▼ 48.6%
Total assets€78,344▲ 0.7%€146,442▲ 86.9%€120,929▼ 17.4%€87,238▼ 27.9%€36,129▼ 58.6%
Debt€40,948▼ 50.9%€79,560▲ 94.3%€59,143▼ 25.7%€31,074▼ 47.5%€7,250▼ 76.7%
Working capital€21,070€29,379▲ 39.4%€3,279▼ 88.8%€23,832▲ 627%€28,879▲ 21.2%
Staff (FTE)4.5▼ 15.1%4.6▲ 2.2%5.3▲ 15.2%4.7▼ 11.3%
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 stays negative: a loss of €26,378 in 2025 against €4,364 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €36,129
Equity
€28,879 ▼ 48.6%
Debt
€7,250 ▼ 76.7%
Debt's share of the balance-sheet total falls from 35.6% to 20.1%. Equity and debt are lower.
Key figures and ratios
Current ratio
4.98▲
2024 · 1.77
Debt to equity
0.25▼
2024 · 0.55
ROE
-94.5%▼
2024 · -10.0%
ROA
-75.5%▼
2024 · -6.4%
Debt ≤ 1 year
€7,250▼
2024 · €31,074
Income taxes
€347▼
2024 · €1,294
Staff costs
€21▼
2024 · €171,378
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €14,000 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €208,872 | €157,590 | €171,378 | €21 | ▼ 100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,896 | €7,588 | €11,814 | €4,116 | - | - |
| Other operating charges640/8 | - | €3,804 | €2,939 | €4,751 | €974 | ▼ 79.5% |
| Non-recurring operating charges66A | - | - | €2,209 | €9,630 | €7,332 | ▼ 23.9% |
| Gross operating margin9900 | €118,762 | €251,824 | €169,991 | €185,510 | -€18,051 | ▼ 110% |
| Operating profit (loss)9901 | €44,623 | €31,560 | -€4,562 | -€4,364 | -€26,378 | ▼ 504% |
| Financial income75/76B | - | €39 | €10 | €105 | €634 | ▲ 506% |
| Recurring financial income75 | €1 | €39 | €10 | €105 | €634 | ▲ 506% |
| Financial charges65/66B | - | €1,285 | €125 | €68 | €1,194 | ▲ 1,649% |
| Recurring financial charges65 | €1,174 | €1,285 | €125 | €68 | €1,194 | ▲ 1,649% |
| Profit (loss) for the period before taxes9903 | €43,450 | €30,314 | -€4,677 | -€4,328 | -€26,938 | ▼ 522% |
| Income taxes67/77 | €424 | €829 | €419 | €1,294 | €347 | ▼ 73.2% |
| Profit (loss) for the period9904 | €43,027 | €29,485 | -€5,095 | -€5,622 | -€27,285 | ▼ 385% |
| Profit (loss) for the period to be appropriated9905 | €43,027 | €29,485 | -€5,095 | -€5,622 | -€27,285 | ▼ 385% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €78,344 | €146,442 | €120,929 | €87,238 | €36,129 | ▼ 58.6% |
| Fixed assets21/28 | €16,326 | €37,502 | €58,507 | €32,332 | - | - |
| Tangible fixed assets22/27 | €16,326 | €37,502 | €58,507 | €32,332 | - | - |
| Plant, machinery and equipment23 | - | €10,998 | €9,702 | - | - | - |
| Furniture and vehicles24 | - | €26,504 | €48,806 | €32,332 | - | - |
| Current assets29/58 | €62,018 | €108,940 | €62,422 | €54,906 | €36,129 | ▼ 34.2% |
| Stocks and contracts in progress3 | €6,000 | €6,000 | €6,000 | - | - | - |
| Stocks30/36 | - | €6,000 | €6,000 | - | - | - |
| Amounts receivable within one year40/41 | €8,351 | €4,837 | €7,360 | €2,529 | - | - |
| Trade receivables40 | - | €666 | €2,776 | €2,070 | - | - |
| Other amounts receivable41 | - | €4,171 | €4,584 | €459 | - | - |
| Cash at bank and in hand54/58 | €46,762 | €92,290 | €42,603 | €52,377 | €36,129 | ▼ 31.0% |
| Deferred charges and accrued income490/1 | - | €5,813 | €6,458 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €78,344 | €146,442 | €120,929 | €87,238 | €36,129 | ▼ 58.6% |
| Equity10/15 | €37,397 | €66,882 | €61,786 | €56,164 | €28,879 | ▼ 48.6% |
| Contributions10/11 | €25,000 | €25,000 | - | - | - | - |
| Reserves13 | €13,878 | €41,882 | €66,882 | €66,882 | €66,882 | = |
| Non-distributable reserves130/1 | - | €2,500 | €27,500 | €27,500 | €27,500 | = |
| Reserves not available under the articles1311 | - | €2,500 | €27,500 | €27,500 | €27,500 | = |
| Tax-exempt reserves132 | - | €4,838 | €4,838 | €4,838 | €4,838 | = |
| Distributable reserves133 | - | €34,544 | €34,544 | €34,544 | €34,544 | = |
| Profit (loss) carried forward14 | -€1,481 | - | -€5,095 | -€10,718 | -€38,002 | ▼ 255% |
| Amounts payable17/49 | €40,948 | €79,560 | €59,143 | €31,074 | €7,250 | ▼ 76.7% |
| Amounts payable within one year42/48 | €40,948 | €79,560 | €59,143 | €31,074 | €7,250 | ▼ 76.7% |
| Trade debts44 | €10,800 | €36,524 | €23,190 | - | €1,252 | - |
| Suppliers440/4 | - | €36,524 | €23,190 | - | €1,252 | - |
| Taxes, remuneration and social security45 | - | €20,497 | €13,414 | €8,809 | €5,666 | ▼ 35.7% |
| Taxes450/3 | - | €3,091 | €665 | €1,263 | €2,265 | ▲ 79.4% |
| Remuneration and social security454/9 | - | €17,407 | €12,748 | €7,546 | €3,400 | ▼ 54.9% |
| Other amounts payable47/48 | - | €22,539 | €22,539 | €22,264 | €332 | ▼ 98.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,027 | €29,485 | -€5,095 | -€5,622 | -€27,285 | ▼ 385% |
| + Depreciation and write-downs630 | €12,896 | €7,588 | €11,814 | €4,116 | - | - |
| Operating cash flow (approximation) | €55,923 | €37,073 | €6,719 | -€1,506 | -€27,285 | ▼ 1,712% |
| Investment in fixed assets (approximation) | - | -€28,764 | -€32,819 | €22,059 | - | - |
| Change in cash | - | €45,528 | -€49,687 | €9,773 | -€16,248 | ▼ 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
15-05
State Gazette act
End & cessationApproval · Auditor report · Declaration13 facts ▸
State Gazette act
End & cessation
Approval · Auditor report · Declaration13 facts ▸
- General meeting, 23-04-2026
- Approval, goedkeuring jaarrekening, voorgaand boekjaar en lopend boekjaar tot datum van ondertekening
- Board meeting, 09-04-2026
- Auditor report, 21-04-2026
- Declaration, verklaringen voorzitter, alle schulden betaald of geconsigneerd
- Dissolution, 23-04-2026
- Declaration, geen lopende geschillen, vennootschap geen eigenaar van onroerende goederen
- Liquidation closure, 23-04-2026
- Director discharge, Elsje Farrazijn (director)
- Custody of records, Zeswegestraat 52, 8750 Wingene, bij wet verplichte termijn
- Other statement, geen consignatie nodig, geen maatregelen voor consignatie gelden en waarden die toekomen aan schuldeisers en niet konden worden afgegeven
- Power of attorney
- +1 further facts in this act
2025
23-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet -€27,285
Net result drops to -€27,285, the lowest in the series.
30-06
Financial
Liquidity triplescurrent ratio 4.98
Current ratio from 1.77 to 4.98; short-term debt falls from €31,074 to €7,250.
2024
02-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Back to profitnet €43,027
Net result €43,027 after one loss-making year.
30-06
Financial
Liquidity doublescurrent ratio 1.51
Current ratio from 0.62 to 1.51; short-term debt falls from €79,562 to €40,948.
2020
28-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
11-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
13-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
03-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 1 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wingene
Ground area
762 m²
Building footprint
117 m²
Volume, LiDAR
669 m³
Parcel 37019E0202/00V000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37019E0202/00V000 | Flanders | 762 m² | 1 · 117 m² | 8.6 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.
Articles of association
Other statement
One provision in the deed
Recognitions · licences · registrations
Dual-learning approval
5 endedHulpkok (so)
Keukenmedewerker (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Kok (so)
Company details
Identification
Legal formPrivate limited company
Founded21-04-2004
Fiscal year end30-06
E-invoicing
Reachable via Peppol
Peppol ID
0208:0864843090
Registered
20-12-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.