ELFRA
ActiveSummary
ELFRA has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €96,439 and a net result of €11,502. Equity is growing by ~13.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
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Signals
This company filed its last 6 accounts on average 31 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
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,332 | €8,057 | €2,033 | €579 | €579 | = |
| Other operating charges640/8 | - | €1,472 | €1,506 | €1,641 | €1,644 | ▲ 0.2% |
| Gross operating margin9900 | €13,972 | €17,701 | €23,518 | €18,017 | €18,077 | ▲ 0.3% |
| Operating profit (loss)9901 | €3,168 | €8,172 | €19,979 | €15,798 | €15,854 | ▲ 0.4% |
| Financial charges65/66B | - | €37 | €39 | €46 | €44 | ▼ 5.9% |
| Recurring financial charges65 | €30 | €37 | €39 | €46 | €44 | ▼ 5.9% |
| Profit (loss) for the period before taxes9903 | €3,138 | €8,136 | €19,940 | €15,751 | €15,811 | ▲ 0.4% |
| Income taxes67/77 | €822 | €2,171 | €5,322 | €4,204 | €4,308 | ▲ 2.5% |
| Profit (loss) for the period9904 | €2,316 | €5,964 | €14,619 | €11,548 | €11,502 | ▼ 0.4% |
| Profit (loss) for the period to be appropriated9905 | €2,316 | €5,964 | €14,619 | €11,548 | €11,502 | ▼ 0.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €96,971 | €74,920 | €81,882 | €94,462 | €104,951 | ▲ 11.1% |
| Fixed assets21/28 | €79,917 | €71,859 | €69,826 | €69,247 | €68,668 | ▼ 0.8% |
| Tangible fixed assets22/27 | €79,917 | €71,859 | €69,826 | €69,247 | €68,668 | ▼ 0.8% |
| Land and buildings22 | - | €71,859 | €69,826 | €69,247 | €68,668 | ▼ 0.8% |
| Current assets29/58 | €17,054 | €3,061 | €12,056 | €25,215 | €36,283 | ▲ 43.9% |
| Amounts receivable within one year40/41 | €1,089 | €1,089 | €1,089 | €14,069 | €28,327 | ▲ 101% |
| Other amounts receivable41 | - | €1,089 | €1,089 | €14,069 | €28,327 | ▲ 101% |
| Cash at bank and in hand54/58 | €11,114 | €1,689 | €1,455 | €5,659 | €2,246 | ▼ 60.3% |
| Deferred charges and accrued income490/1 | - | €283 | €9,512 | €5,487 | €5,709 | ▲ 4.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €96,971 | €74,920 | €81,882 | €94,462 | €104,951 | ▲ 11.1% |
| Equity10/15 | €52,806 | €58,770 | €73,389 | €84,937 | €96,439 | ▲ 13.5% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €32,355 | €38,319 | €52,938 | €64,485 | €75,988 | ▲ 17.8% |
| Amounts payable17/49 | €44,165 | €16,150 | €8,493 | €9,525 | €8,512 | ▼ 10.6% |
| Amounts payable within one year42/48 | €44,165 | €16,150 | €8,493 | €9,525 | €8,512 | ▼ 10.6% |
| Trade debts44 | €244 | €527 | €244 | - | - | - |
| Suppliers440/4 | - | €527 | €244 | - | - | - |
| Taxes, remuneration and social security45 | - | €3,026 | €7,493 | €9,525 | €8,512 | ▼ 10.6% |
| Taxes450/3 | - | €3,026 | €7,493 | €9,525 | €8,512 | ▼ 10.6% |
| Other amounts payable47/48 | - | €12,597 | €756 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,316 | €5,964 | €14,619 | €11,548 | €11,502 | ▼ 0.4% |
| + Depreciation and write-downs630 | €9,332 | €8,057 | €2,033 | €579 | €579 | = |
| Operating cash flow (approximation) | €11,648 | €14,022 | €16,652 | €12,127 | €12,081 | ▼ 0.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€9,424 | -€235 | €4,204 | -€3,412 | ▼ 181% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13007A0085/00M000 | Flanders | 1,181 m² | 1 · 230 m² | 9.7 m · 2 fl. |
| 13375N1144/00V000 | Flanders | 820 m² | 1 · 102 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.