ELGAS
ActiveELGAS has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €420k and a net result of €124k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 68% of 7924 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +30 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency99▲+2
Growth78▲+46
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 4.83 against 2.14 in 2024), and 37.1% 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+raises risk○neutral
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
62.9%
Return on assets
18.6%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €420k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
1 d late
2023
65 d late
2022
60 d late
2021
25 d late
2020
23 d late
2019
54 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€420k▲ 42.0%
2024 · €296k
2018: €370k
2019: €383k
2020: €395k
2021: €410k
2022: €425k
2023: €368k
2024: €296k
2018 → 2025
Total assets
€668k▲ 22.7%
2024 · €544k
2018: €555k
2019: €568k
2020: €500k
2021: €621k
2022: €609k
2023: €514k
2024: €544k
2018 → 2025
Net result
€124k
2024 · €-72k
2018: €21k
2019: €14k
2020: €12k
2021: €15k
2022: €15k
2023: €-57k
2024: €-72k
2018 → 2025
Working capital
€526k▲ 85.8%
2024 · €283k
2018: €339k
2019: €317k
2020: €339k
2021: €345k
2022: €380k
2023: €349k
2024: €283k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€410k-€425k▲ 3.6%€368k▼ 13.3%€296k▼ 19.6%€420k▲ 42.0%
Operating result€20k-€22k▲ 8.9%€-2k€14k€142k▲ 930%
Net result€15k-€15k▲ 1.1%€-57k€-72k▼ 27.5%€124k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 930% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €668k
Fixed assets
€4k▼ 70.0%
Current assets
€664k▲ 24.8%
Equity and liabilities €668k
Equity
€420k▲ 42.0%
Debt
€248k▼ 0.4%
The debt ratio falls from 45.7% to 37.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€151k▲
2024 · €26k
Cash flow
€133k▲
2024 · €-60k
Solvency
62.9%▲
2024 · 54.3%
Current ratio
4.83▲
2024 · 2.14
Quick ratio
4.83▲
2024 · 1.93
Debt / equity
0.59▼
2024 · 0.84
ROE
29.6%▲
2024 · -24.5%
ROA
18.6%▲
2024 · -13.3%
Interest coverage
94.39▲
2024 · 23.40
Debt
€248k▼
2024 · €249k
Debt ≤ 1 year
€137k▼
2024 · €249k
Income taxes
€17k
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€544k€668k▲
Fixed assets21/28€12k€4k▼
Tangible fixed assets22/27€12k€4k▼
Plant, machinery and equipment23€12k€3k▼
Furniture and vehicles24€529€276▼
Current assets29/58€532k€664k▲
Stocks and contracts in progress3€51k-
Stocks30/36€51k-
Amounts receivable within one year40/41€460k€426k▼
Trade receivables40€244k€233k▼
Other amounts receivable41€216k€193k▼
Cash at bank and in hand54/58€18k€234k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€544k€668k▲
Equity10/15€296k€420k▲
Contributions10/11€19k€19k=
Reserves13€46k€170k▲
Distributable reserves133€46k€170k▲
Profit (loss) carried forward14€231k€231k=
Amounts payable17/49€249k€248k▼
Amounts payable within one year42/48€249k€137k▼
Current portion of amounts payable after more than one year42€1k€1k=
Trade debts44€173k€80k▼
Suppliers440/4€173k€80k▼
Taxes, remuneration and social security45€4k€25k▲
Taxes450/3€4k€25k▲
Other amounts payable47/48€70k€32k▼
Accrued charges and deferred income492/3-€110k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€9k▼
Other operating charges640/8€45k€15k▼
Gross operating margin9900€71k€166k▲
Operating profit (loss)9901€14k€142k▲
Financial income75/76B€190€65▼
Recurring financial income75€190€65▼
Financial charges65/66B€86k€2k▼
Recurring financial charges65€1k€2k▲
Non-recurring financial charges66B€85k-
Profit (loss) for the period before taxes9903€-72k€141k▲
Income taxes67/77-€17k
Profit (loss) for the period9904€-72k€124k▲
Profit (loss) for the period to be appropriated9905€-72k€124k▲
Appropriation of the result
Profit (loss) to be appropriated9906€231k€355k▲
Profit (loss) brought forward from the previous period14P€303k€231k▼
Transfer to equity691/2-€124k
To other reserves6921-€124k
The notes to these accounts (8 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €124k
Net result €124k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 4.83
Current ratio from 2.14 to 4.83; short-term debt falls from €249k to €137k.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 1 day late
2024
31-12
Financial
Weakest financial yearnet €-72k
Net result drops to €-72k, the lowest in the series; recovery starts the following year.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 54 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Haaltert · 1 establishment unit since 1979
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.
Terlinden(DE) 19450 HaaltertGround area
1.4 ha
Building footprint
5,762 m²
Volume, LiDAR
30,816 m³
2 parcels, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELGAS
since 19792.035.769.385
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41362B0373/00M000 | Flanders | 1.3 ha | 1 · 5,586 m² | 7.2 m · 2 fl. |
| 41010B1588/00N000 | Flanders | 503 m² | 1 · 176 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DECO OIL
BE 0745.930.790
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BE 0403.955.510
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STOCKMEIER BELGIUM
BE 0847.085.756
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WAASLAND MAZOUT
BE 0480.018.158
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SOCIETE DE LUBRIFIANTS ET D'INVESTISSEMENTS
BE 0817.568.656
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Of 838 companies in sector 46810 we hold annual accounts for 473. 369 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-06-1979
Fiscal year end31-12
Activities, NACEBEL
46810Wholesale of solid, liquid and gaseous fuels and related products
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.