Financials
- Fiscal year
- 2025
- Total assets
- €338,024
- Loss
- -€20,040
- Solvency
- -14.9%
Total assets▼ 6.8%
Net result
20182025
ELGECE
ActiveSummary
ELGECE has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€50,440) and a net result of -€20,040. Equity is shrinking by ~52.6% per year across the filed fiscal years. Its solvency ranks better than 9% of 11293 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
Activity
Retail sale of watches and jewellery
NACE 47770NACE 52484
1 site
Size
€338,024total assets 2025
- Equity
- -€50,440
- Loss
- -€20,040
Turnover not published (abridged schema)
Structure
Accounts 1 d early0 of 6 deeds read
Why 54Capped at 59: negative equity- Negative equity -€50,440- Sector Retail trade (NACE 47)- Loss of €20,040, the second in a row (FY 2025)+ Size: total assets €338,024Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 29% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
10-7
equity -14.9% of total assets
Liquidity
49-1
short-term debt 21.0% · cash 4.6%
Profitability
61+51
return on assets -5.9%
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 18 months
05-2025: 0.6%
06-2025: 0.6%▼ -3.1% vs 05-2025lowest value
07-2025: 0.8%▲ +40.4% vs 06-2025
08-2025: 1.2%▲ +43.4% vs 07-2025
09-2025: 1.1%▼ -7.6% vs 08-2025
10-2025: 1.1%● 0.0% vs 09-2025
11-2025: 1.1%● 0.0% vs 10-2025
12-2025: 1.1%● 0.0% vs 11-2025
01-2026: 1.1%▼ -1.1% vs 12-2025
02-2026: 1.1%● 0.0% vs 01-2026
03-2026: 1.1%● 0.0% vs 02-2026
04-2026: 1.1%▲ +2.5% vs 03-2026
05-2026: 1.1%▲ +1.6% vs 04-2026
06-2026: 1.1%▼ -2.8% vs 05-2026
07-2026: 1.2%▲ +9.4% vs 06-2026highest value
08-2026: 0.9%▼ -27.6% vs 07-2026
09-2026: 0.9%● 0.0% vs 08-2026
10-2026: 0.9%● 0.0% vs 09-2026
- Size: total assets €338,024 lowers the probability for this profile
- Negative equity -€50,440 raises the probability
- Sector Retail trade (NACE 47) raises the probability
- Loss of €20,040, the second in a row (FY 2025) raises the probability
No credit on open account
Liquidity short (current ratio 0.25 against 0.23 in 2024; short-term debt: 21% and cash: 4.6% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 15%, liquidity 49%, profitability 43%, growth against the median 9%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€50,440
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
19 d late
2023
19 d late
2022
24 d late
2021
3 d early
2020
2 d early
2019
10 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
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. Usually files around 19 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 11
- Since
- 2017
- Next accounts
- by 31-07-2027
- 30-07-2026Annual accounts filed
- 19-08-2025Annual accounts filed
- 19-08-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Retail sale of watches and jewelleryNACE 47770
- Founded
- 21-05-1987
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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