ELGAN CONSULTANCY
ActiveELGAN CONSULTANCY has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €182k and a net result of €39k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 65% of 31642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
91
/ 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
Profitability88▼-5
Solvency96▼-2
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 3.24 against 3.32 in 2024; short-term debt: 28.6% and cash: 84.4% of total assets), and 29.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
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
70.7%
Return on assets
15.2%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €182k
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 06-01-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
4 d late
2023
8 d early
2022
on the day
2021
38 d early
2020
1 d late
2019
58 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€182k▲ 5.7%
2024 · €172k
2019: €181k
2020: €208k
2021: €217k
2022: €135k
2023: €151k
2024: €172k
2019 → 2025
Total assets
€258k▲ 8.9%
2024 · €236k
2019: €210k
2020: €228k
2021: €225k
2022: €196k
2023: €209k
2024: €236k
2019 → 2025
Net result
€39k▼ 14.6%
2024 · €46k
2019: €24k
2020: €28k
2021: €8k
2022: €10k
2023: €56k
2024: €46k
2019 → 2025
Working capital
€165k▲ 12.0%
2024 · €147k
2019: €137k
2020: €147k
2021: €163k
2022: €95k
2023: €118k
2024: €147k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€217k-€135k▼ 37.9%€151k▲ 12.0%€172k▲ 14.2%€182k▲ 5.7%
Operating result€13k-€16k▲ 26.5%€78k▲ 390%€64k▼ 17.6%€60k▼ 6.9%
Net result€8k-€10k▲ 15.6%€56k▲ 472%€46k▼ 18.4%€39k▼ 14.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €258k
Fixed assets
€19k▼ 25.7%
Current assets
€238k▲ 13.2%
Equity and liabilities €258k
Equity
€182k▲ 5.7%
Debt
€76k▲ 17.7%
The debt ratio rises from 27.1% to 29.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€66k▼
2024 · €71k
Cash flow
€46k▼
2024 · €53k
Solvency
70.7%▼
2024 · 72.9%
Current ratio
3.24▼
2024 · 3.32
Quick ratio
3.24▼
2024 · 3.32
Debt / equity
0.42▲
2024 · 0.37
ROE
21.5%▼
2024 · 26.6%
ROA
15.2%▼
2024 · 19.4%
Interest coverage
31.11▼
2024 · 72.84
Debt
€76k▲
2024 · €64k
Debt ≤ 1 year
€74k▲
2024 · €63k
Income taxes
€21k▲
2024 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€236k€258k▲
Fixed assets21/28€26k€19k▼
Tangible fixed assets22/27€26k€19k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€7k€6k▼
Other tangible fixed assets26€16k€11k▼
Current assets29/58€211k€238k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€18k€17k▼
Trade receivables40€18k€16k▼
Other amounts receivable41€0€955▲
Cash at bank and in hand54/58€190k€218k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€236k€258k▲
Equity10/15€172k€182k▲
Contributions10/11€19k€19k=
Reserves13€154k€163k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€154k€163k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€64k€76k▲
Amounts payable within one year42/48€63k€74k▲
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Taxes, remuneration and social security45€12k€7k▼
Taxes450/3€10k€4k▼
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€46k€62k▲
Accrued charges and deferred income492/3€836€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€72k€68k▼
Operating profit (loss)9901€64k€60k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€978€2k▲
Recurring financial charges65€978€2k▲
Profit (loss) for the period before taxes9903€65k€60k▼
Income taxes67/77€19k€21k▲
Profit (loss) for the period9904€46k€39k▼
Profit (loss) for the period to be appropriated9905€46k€39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€52k€39k▼
Profit (loss) brought forward from the previous period14P€6k€0▼
Transfer from equity791/2€24k€29k▲
Transfer to equity691/2€52k€39k▼
To other reserves6921€52k€39k▼
Profit to be distributed694/7€24k€29k▲
Return on contributions (dividend)694€24k€29k▲
The notes to these accounts (5 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
06-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
23-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €56k ▲472%
Operating result €78k, net result €56k, both a record.
30-06
Financial
Equity above €150kEq €151k ▲12%
5 profitable years in a row build equity to €151k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
24-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Weakest financial yearnet €8k ▼69.2%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity doublescurrent ratio 21.83
Current ratio from 8.83 to 21.83; short-term debt falls from €19k to €8k.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
30-06
Financial
Equity above €200kEq €208k ▲15.3%
2 profitable years in a row build equity to €208k.
2019
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
06-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
04-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Menen · 1 establishment unit since 2011
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.
Hemelstraat 108930 MenenGround area
1,274 m²
Building footprint
143 m²
Volume, LiDAR
725 m³
Parcel 34032B0284/00K000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELGAN CONSULTANCY
since 20112.200.855.170
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34032B0284/00K000 | Flanders | 1,274 m² | 1 · 143 m² | 8.3 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.
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 40,590 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-07-2011
Fiscal year end30-06
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74201Photography, excluding press photography
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.