Active BE 0651.973.424Private limited company (pre-2019)Open bankruptcy

ELFER

Burchtstraat 10 ·9300 Aalst, Belgium· 10 yrs active

Sector: Computer programming & consultancy (62100)

Conclusion Checked

A bankruptcy procedure is open for ELFER according to publications in the Belgian State Gazette. The file additionally contains 1 interim measure. The 2021 annual accounts show equity of €75k and a net result of €69k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€75k
Net result	€69k
Active	10 yrs
Locations	1

Snowflake analysis 5 axes · computed by Checked

64 / 100

Strong profile, led by profitability.

Health 41

Profitability 100

Solvency 100

Growth 78

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

55 / 100

High risk

Components

· 1 interim measure (+5)

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2021 · computed

41 / 100 Weak

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview7 NBB filings

Annual accounts filed on 21-11-2024 with the NBB · fiscal year 2023 · micro

Operating resultNet result

EBITDA

€97k

- far above sector median

Net profit

€69k

- far above sector median

Cash flow

€73k

- far above sector median

Total assets

€99k

+964.1% +52% vs sector

Equity

€75k

+795.0% far above sector median

Working capital

€58k

+1675.9% +287% vs sector

Staff costs

€30k

- -39% vs sector

Income taxes

€23k

- far above sector median

Debt

€23k

+2618.1% +3% vs sector

Debt ≤ 1y

€23k

+2618.1% +3% vs sector

Current ratio

3.49

-27.5% +22% vs sector

Quick ratio

3.49

-27.5% +22% vs sector

Solvency

76.3%

-15.9% -2% vs sector

Debt / equity

0.31

- +10% vs sector

ROE

91.4%

- far above sector median

ROA

69.7%

- far above sector median

Interest coverage

194.69

- far above sector median

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Revenue	-
EBITDA	€97k
Net profit	€69k
Cash flow	€73k
Staff costs	€30k
Income taxes	€23k
Dividends	-
Total assets	€99k
Equity	€75k
Debt	€23k
of which ≤ 1y	€23k
of which > 1y	-
Working capital	€58k
Employees (FTE)	-

Ratios (computed)

	2021
Current ratio	3.49
Quick ratio	3.49
Working capital ratio	59.0%
Solvency	76.3%
Debt / equity	0.31
Long-term debt ratio	-
Interest coverage	194.69
Gross margin	-
Net margin	-
ROA	69.7%
ROE	91.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €17k · 17.3% Current assets €82k · 82.7%

Equity & liabilities

Equity €75k · 76.3% Debt €23k · 23.7%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€99k
Fixed assets	21/28	€17k
Tangible fixed assets	22/27	€17k
Current assets	29/58	€82k
Amounts receivable within one year	40/41	€5k
Cash & bank	54/58	€16k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€99k
Equity	10/15	€75k
Contributions / capital	10/11	€19k
Accumulated profits (losses)	14	€57k
Amounts payable	17/49	€23k
Amounts payable within one year	42/48	€23k
Income statement
Gross operating margin	9900	€127k
Operating result	9901	€93k
Financial charges	65	€499
Result before taxes	9903	€92k
Income taxes	67/77	€23k
Net result for the period	9904	€69k
Result to be appropriated	9905	€69k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	JOHAN BOGAERT SCHOOLSTRAAT 15, 9200 DENDER- MONDE	03-03-2025 → present	Belgian State Gazette

Legal Structure

NACE primary	Computer programming & consultancy(62100)
Legal form	Private limited company (pre-2019)(015)
Incorporation	15-04-2016
Status	Active
Postal code	9300
First BS signal	18-02-2025
Latest BS signal	07-03-2025

Company structure, linked entities1 linked entities

Mandates

Establishment units 1 location

ELFER

Burchtstraat 10, 9300 AalstOntwerpen en programmeren van computerprogramma's

since 20212.315.377.726

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

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.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
41002A1346/00Y000	Flanders	4.7 ha	1 · 3.7 ha	64.1 m · 4 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 9 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

07-03-2025

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Dendermonde · ELFER BV BURCHTSTRAAT 10 BUS 3/12, 9300 AALST · event 03-03-2025

18-02-2025

Interim measure Provisional administrator

Ondernemingsrechtbank Gent

2024

21-11-2024