Elfri.be
ActiveSummary
Elfri.be has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €460k and a net result of €155k. Equity is growing by ~29.6% per year across the filed fiscal years. Its solvency ranks better than 53% of 12707 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▲+3
Solvency85▼-15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.38 against 7.52 in 2024; short-term debt: 40.5% and cash: 66.2% of total assets), and 40.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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 2025Solvency, return and age of the figures
Solvency
59.5%
Return on assets
20%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
6 d early
2023
33 d early
2022
49 d late
2021
22 d late
2020
30 d early
2019
15 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€460k▼ 18.8%
2024 · €567k
2018: €110k
2019: €149k
2020: €182k
2021: €231k
2022: €355k
2023: €491k
2024: €567k
2018 → 2025
Total assets
€773k▲ 18.9%
2024 · €650k
2018: €220k
2019: €240k
2020: €284k
2021: €292k
2022: €447k
2023: €560k
2024: €650k
2018 → 2025
Net result
€155k▲ 34.8%
2024 · €115k
2018: €8k
2019: €40k
2020: €35k
2021: €84k
2022: €146k
2023: €142k
2024: €115k
2018 → 2025
Working capital
€431k▼ 19.1%
2024 · €532k
2018: €60k
2019: €118k
2020: €138k
2021: €191k
2022: €298k
2023: €445k
2024: €532k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€231k-€355k▲ 53.4%€491k▲ 38.2%€567k▲ 15.6%€460k▼ 18.8%
Operating result€128k-€217k▲ 69.3%€209k▼ 3.8%€158k▼ 24.4%€217k▲ 37.1%
Net result€84k-€146k▲ 73.6%€142k▼ 2.7%€115k▼ 19.0%€155k▲ 34.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 37% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €773k
Fixed assets
€29k ▼ 18.9%
Current assets
€744k ▲ 21.1%
Equity and liabilities €773k
Equity
€460k ▼ 18.8%
Debt
€313k ▲ 275%
Debt's share of the balance-sheet total rises from 12.8% to 40.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€227k▲
2024 · €169k
Cash flow
€166k▲
2024 · €126k
Current ratio
2.38▼
2024 · 7.52
Debt to equity
0.68▲
2024 · 0.15
ROE
33.7%▲
2024 · 20.3%
ROA
20.0%▲
2024 · 17.7%
Interest coverage
234.10▼
2024 · 320.83
Debt ≤ 1 year
€313k▲
2024 · €82k
Income taxes
€74k▲
2024 · €55k
Staff costs
€18k▼
2024 · €59k
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 · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€650k€773k▲
Fixed assets21/28€36k€29k▼
Tangible fixed assets22/27€36k€29k▼
Land and buildings22€14k€11k▼
Furniture and vehicles24€22k€18k▼
Current assets29/58€614k€744k▲
Amounts receivable within one year40/41€220k€221k▲
Trade receivables40€21k€20k▼
Other amounts receivable41€198k€201k▲
Cash at bank and in hand54/58€383k€512k▲
Deferred charges and accrued income490/1€11k€11k▼
Equity and liabilities
Total equity and liabilities10/49€650k€773k▲
Equity10/15€567k€460k▼
Contributions10/11€12k€12k=
Reserves13€554k€448k▼
Distributable reserves133€554k€448k▼
Amounts payable17/49€83k€313k▲
Amounts payable within one year42/48€82k€313k▲
Trade debts44€5k€7k▲
Suppliers440/4€5k€7k▲
Advances received on contracts in progress46€1k€2k▲
Taxes, remuneration and social security45€37k€42k▲
Taxes450/3€30k€42k▲
Remuneration and social security454/9€7k-
Other amounts payable47/48€39k€262k▲
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Remuneration, social security and pensions62€59k€18k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€231k€248k▲
Operating profit (loss)9901€158k€217k▲
Financial income75/76B€13k€13k▲
Recurring financial income75€13k€13k▲
Financial charges65/66B€528€972▲
Recurring financial charges65€528€972▲
Profit (loss) for the period before taxes9903€170k€229k▲
Income taxes67/77€55k€74k▲
Profit (loss) for the period9904€115k€155k▲
Profit (loss) for the period to be appropriated9905€115k€155k▲
Appropriation of the result
Profit (loss) to be appropriated9906€115k€155k▲
Transfer from equity791/2€39k€262k▲
Transfer to equity691/2€115k€155k▲
To other reserves6921€115k€155k▲
Profit to be distributed694/7€39k€262k▲
Return on contributions (dividend)694€39k€262k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €155k ▲34.8%
Net result €155k, the highest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €500kEq €567k ▲15.6%
7 profitable years in a row build equity to €567k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 49 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Equity above €200kEq €231k ▲26.9%
4 profitable years in a row build equity to €231k.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €182k ▲22.4%
3 profitable years in a row build equity to €182k.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Oudenaarde · 1 establishment unit since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Stationsstraat 299700 OudenaardeGround area
355 m²
Building footprint
135 m²
Volume, LiDAR
1,208 m³
Parcel 45035B0003/02X034, Flanders · tallest building 17.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Stationsstraat 29, 9700 Oudenaarde
since 19972.230.320.802
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45035B0003/02X034 | Flanders | 355 m² | 1 · 135 m² | 17.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 22,058 companies in sector 69101 we hold annual accounts for 9,052. 6,062 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-1997
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.