ELFT PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of ELFT PROJECTS is 1.5% (moderate). The 2024 annual accounts show equity of €1,324 and a net result of €5,086. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 40% of 73 sector peers (NACE 30, financial year 2024). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €1,324
- Profit
- €5,086
Why 56raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 29-09-2025)1 financial year not filed after the legal deadline; latest accounts 60 days late; 3 of the last 3 latelowers riskFounded in 2009Size: total assets €8,359Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 30, micro): better than 41% on solvency, 17% on liquidity, 95% on profitability and 92% on growth.
The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 85 days after the deadline; the sector median (NACE 30) for financial year 2024 is 16 days before the deadline, and 30% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- RestructuringDemerger · Incorporation · Capital
- Back to profitnet €5,086
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 24 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result returns to profit in 2024: €5,718 after a loss of €4,221 in 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 30, Manufacture of other transport equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- 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 bankruptcy probability of 1.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 5,053 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €649 | €650 | €693 | €587 | ▼ 15.3% |
| Gross operating margin9900 | -€3,777 | -€1,725 | -€1,654 | €13,070 | -€2,155 | -€3,527 | €6,306 | - |
| Operating profit (loss)9901 | -€4,421 | -€2,370 | -€2,352 | €12,422 | -€2,805 | -€4,221 | €5,718 | - |
| Financial charges65/66B | - | - | - | €258 | €335 | €335 | €632 | ▲ 88.5% |
| Recurring financial charges65 | €376 | €290 | €419 | €258 | €335 | €335 | €632 | ▲ 88.5% |
| Profit (loss) for the period before taxes9903 | -€4,962 | -€2,660 | -€2,770 | €12,164 | -€3,140 | -€4,556 | €5,086 | - |
| Profit (loss) for the period9904 | -€4,962 | -€2,660 | -€2,770 | €12,164 | -€3,140 | -€4,556 | €5,086 | - |
| Profit (loss) for the period to be appropriated9905 | -€4,962 | -€2,660 | -€2,770 | €12,164 | -€3,140 | -€4,556 | €5,086 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €28,207 | €27,505 | €8,280 | €20,192 | €23,303 | €20,731 | €8,359 | ▼ 59.7% |
| Current assets29/58 | €28,207 | €27,505 | €8,280 | €20,192 | €23,303 | €20,731 | €8,359 | ▼ 59.7% |
| Amounts receivable within one year40/41 | €3,768 | €6,289 | €3,863 | €19,002 | €18,748 | €18,923 | €7,604 | ▼ 59.8% |
| Trade receivables40 | - | - | - | €18,500 | €18,500 | €18,500 | - | - |
| Other amounts receivable41 | - | - | - | €502 | €248 | €423 | €7,604 | ▲ 1,699% |
| Cash at bank and in hand54/58 | €24,439 | €21,215 | €4,417 | €1,190 | €4,555 | €1,809 | €755 | ▼ 58.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €28,207 | €27,505 | €8,280 | €20,192 | €23,303 | €20,731 | €8,359 | ▼ 59.7% |
| Equity10/15 | -€2,799 | -€5,460 | -€8,230 | €3,934 | €794 | -€3,762 | €1,324 | - |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€8,999 | -€11,660 | -€14,430 | -€2,266 | -€5,406 | -€9,962 | -€4,876 | ▲ 51.1% |
| Amounts payable17/49 | €31,006 | €32,964 | €16,509 | €16,258 | €22,509 | €24,493 | €7,035 | ▼ 71.3% |
| Amounts payable within one year42/48 | €31,006 | €32,964 | €16,509 | €16,258 | €22,509 | €24,493 | €7,035 | ▼ 71.3% |
| Trade debts44 | €590 | €175 | €555 | - | €44 | - | €1,826 | - |
| Suppliers440/4 | - | - | - | - | €44 | - | €1,826 | - |
| Taxes, remuneration and social security45 | - | - | - | €71 | €71 | - | €5,209 | - |
| Taxes450/3 | - | - | - | €71 | €71 | - | €5,209 | - |
| Other amounts payable47/48 | - | - | - | €16,187 | €22,394 | €24,493 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,962 | -€2,660 | -€2,770 | €12,164 | -€3,140 | -€4,556 | €5,086 | - |
| Operating cash flow (approximation) | -€4,962 | -€2,660 | -€2,770 | €12,164 | -€3,140 | -€4,556 | €5,086 | - |
| Change in cash | - | -€3,224 | -€16,799 | -€3,226 | €3,364 | -€2,746 | -€1,054 | ▲ 61.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 29-09-2025 | 2025-00509817 |
| 31-12-2023 | micro format | 28-12-2024 | 2024-00626191 |
| 31-12-2022 | micro format | 29-09-2023 | 2023-00461230 |
| 31-12-2021 | micro format | 16-10-2022 | 2022-20467435 |
| 31-12-2020 | micro format | 29-09-2021 | 2021-71200382 |
| 31-12-2019 | micro format | 08-11-2020 | 2020-69800295 |
| 31-12-2018 | abbreviated format | 30-07-2019 | 2019-41100014 |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-58900468 |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-60200221 |
| 31-12-2015 | abbreviated format | 18-11-2016 | 2016-68000418 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- 14-03-2025 Capital stated in the deed · €6,200 · 186 shares
Group and network
Connections & network
The board mandates are listed below; here you explore them as a network.
Board mandates elsewhere
1 board mandateAcquisitions and mergers
1 transactionHistory
Acts, filings and financial milestones
14-03
Gazette deed
RestructuringDemerger · Incorporation · Capital20 facts ▸
- Demerger, “partiële splitsing door overneming, scheiding zuivere exploitatie en management-,holding-en vastgoedactiviteiten” (deed in Dutch)
- Incorporation, 30-12-2008
- Capital, €6,200 (2 times)
- Amendment of the articles
- Director in office, Pauwels William (director (not named in the articles))
- Incorporation, 04-03-1992
- Capital, €18,592.01
- Other provision, “statutenwijziging” (deed in Dutch)
- Capital, €20,451.21
- Director in office, Pauwels William (statutory director)
- Real estate, “STAD ANTWERPEN - ZEVENDE AFDELING, UNIT gemerkt 12” (deed in Dutch)
- Accounting effect, 01-10-2024
- +8 further facts in this act
About the unread acts
Of the 4 Belgian Official Gazette deeds 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.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11807G1595/67G000 | Flanders | 1.2 ha | 1 · 7,448 m² | 8.2 m · 2 |
| 11422C0009/00C005 | Flanders | 308 m² | 1 · 178 m² | 17.9 m · 5 |
How the parcels are linked
Articles of association
- PurposeThe activities the company may carry out under its articles.
- “Groot- en kleinhandel in inbouwkeukens en toebehoren in de meest brede zin; Schrijnwerkerij in de meest brede zin; Het management van…” (deed in Dutch)
10 activities (deed in Dutch)
- Groot- en kleinhandel in inbouwkeukens en toebehoren in de meest brede zin;
- Schrijnwerkerij in de meest brede zin;
- Het management van vennootschappen,het waarnemen van beheersmandaten,het verstrekken van diensten en prestaties aan derden;
- Het oprichten,promoveren,valoriseren,inrichten,uitrusten,exploiteren en beheren van bebouwde of onbebouwde onroerende goederen en van lichamelijke en onlichamelijke roerende goederen met inbegrip van de handel onder al zijn vormen in die goederen;het aankopen,verkopen,ruilen,huren,verhuren,onderverhuren,leasing van onroerende goederen,optreden als makelaar in onroerende goederen.
- De vennootschap mag haar doel verwezenlijken,zo in België als in het buitenland,op alle wijzen en manieren die zij het best geschikt zou achten.
- Dit alles in de breedste zin genomen.
- De vennootschap mag zich borgstellen voor schulden en verbintenissen van derden.
- De vennootschap mag voor eigen rekening en voor rekening van derden alle burgerlijke,handels-en financiële,roerende en onroerende verrichtingen doen,die van aard zijn de verwezenlijking of de uitbreiding van het voornoemde doel te vergemakkelijken.
- De vennootschap zal zich mogen interesseren,door middel van inbreng,versmelting,deelname of anderszins,in alle bestaande of op te richten vennootschappen en ondernemingen,zowel in België als in het buitenland die een gelijkaardig doel nastreven of waarvan het doel in innig verband staat met het hare.
- De huidige opsomming is inhoudend en niet beperkend.
Read from the deeds: 1 provision, deed of 14-03-2025