ELGEE
ActiveSummary
The computed 12-month bankruptcy probability of ELGEE is 2.0% (moderate). For ELGEE, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €77,128 and a net result of -€3,341. Equity is shrinking by ~10.2% per year across the filed fiscal years. The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability27▲+27
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2022Solvency, return and age of the figures
Solvency
94.5%
Return on assets
-4.1%
Age of the figures
51 mo
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
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-06-2023 close31-01-2024 deadline01-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 31-12-2022, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
31 d early
2021
31 d early
2020
36 d early
2019
33 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 33 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2022, abbreviated schema
Turnover
€4,507
EBIT margin
-738.3%
Net result
-€3,341▲ 79.5%
2021 · -€16,264
Working capital
€77,128▼ 4.2%
2021 · €80,469
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Turnover€4,507-
Operating result-€33,277--€5,228▲ 84.3%-€18,654▼ 257%-€3,311▲ 82.3%
Net result-€30,248--€5,240▲ 82.7%-€16,264▼ 210%-€3,341▲ 79.5%
EBIT margin-738.3%-
Equity€101,973-€96,733▼ 5.1%€80,469▼ 16.8%€77,128▼ 4.2%
Total assets€109,901-€97,620▼ 11.2%€93,476▼ 4.2%€81,651▼ 12.7%
Debt€7,928-€887▼ 88.8%€13,007▲ 1,366%€4,523▼ 65.2%
Working capital€101,973-€96,733▼ 5.1%€80,469▼ 16.8%€77,128▼ 4.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,311 in 2022 against €18,654 in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €81,651
Equity
€77,128 ▼ 4.2%
Debt
€4,523 ▼ 65.2%
Debt's share of the balance-sheet total falls from 13.9% to 5.5%. Equity and debt are lower.
Key figures and ratios
Current ratio
18.05▲
2021 · 7.19
Debt to equity
0.06
ROE
-4.3%▲
2021 · -20.2%
ROA
-4.1%▲
2021 · -17.4%
Debt ≤ 1 year
€4,523▼
2021 · €13,007
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Turnover70 | €4,507 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €290 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €92 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €410 | - |
| Gross operating margin9900 | -€32,415 | -€5,023 | -€18,244 | -€2,901 | ▲ 84.1% |
| Operating profit (loss)9901 | -€33,277 | -€5,228 | -€18,654 | -€3,311 | ▲ 82.3% |
| Financial charges65/66B | - | - | - | €30 | - |
| Recurring financial charges65 | €15 | €12 | €12 | €17 | ▲ 41.7% |
| Non-recurring financial charges66B | - | - | - | €13 | - |
| Profit (loss) for the period before taxes9903 | -€30,248 | -€5,240 | -€16,264 | -€3,341 | ▲ 79.5% |
| Profit (loss) for the period9904 | -€30,248 | -€5,240 | -€16,264 | -€3,341 | ▲ 79.5% |
| Profit (loss) for the period to be appropriated9905 | -€30,248 | -€5,240 | -€16,264 | -€3,341 | ▲ 79.5% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €109,901 | €97,620 | €93,476 | €81,651 | ▼ 12.7% |
| Intangible fixed assets21 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - |
| Current assets29/58 | €109,901 | €97,620 | €93,476 | €81,651 | ▼ 12.7% |
| Amounts receivable within one year40/41 | €10,382 | €10,389 | €10,458 | €10 | ▼ 99.9% |
| Other amounts receivable41 | - | - | - | €10 | - |
| Current investments50/53 | €9,500 | - | - | - | - |
| Cash at bank and in hand54/58 | €89,192 | €87,231 | €83,018 | €81,641 | ▼ 1.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €109,901 | €97,620 | €93,476 | €81,651 | ▼ 12.7% |
| Equity10/15 | €101,973 | €96,733 | €80,469 | €77,128 | ▼ 4.2% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | - | - | - | €12,400 | - |
| Issued capital100 | - | - | - | €18,592 | - |
| Uncalled capital101 | - | - | - | €6,192 | - |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | - |
| Legal reserve130 | - | - | - | €1,859 | - |
| Profit (loss) carried forward14 | €87,714 | €82,474 | €66,210 | €62,869 | ▼ 5.0% |
| Amounts payable17/49 | €7,928 | €887 | €13,007 | €4,523 | ▼ 65.2% |
| Amounts payable within one year42/48 | €7,928 | €887 | €13,007 | €4,523 | ▼ 65.2% |
| Trade debts44 | €887 | - | €12,120 | €3,637 | ▼ 70.0% |
| Suppliers440/4 | - | - | - | €3,637 | - |
| Other amounts payable47/48 | - | - | - | €886 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,248 | -€5,240 | -€16,264 | -€3,341 | ▲ 79.5% |
| + Depreciation and write-downs630 | €92 | - | - | - | - |
| Operating cash flow (approximation) | -€30,156 | -€5,240 | -€16,264 | -€3,341 | ▲ 79.5% |
| Change in cash | - | -€1,961 | -€4,213 | -€1,377 | ▲ 67.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Liquidity triplescurrent ratio 18.05
Current ratio from 7.19 to 18.05; short-term debt falls from €13,007 to €4,523.
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
26-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Liquidity times 8current ratio 110.06
Current ratio from 13.86 to 110.06; short-term debt falls from €7,928 to €887.
2019
29-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
29-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
28-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
31-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
30-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
27-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
29-12
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company in the Gazette acts read. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Bilzen-Hoeselt · 1 establishment unit since 1997
Ground area
1,421 m²
Building footprint
232 m²
Volume, LiDAR
1,062 m³
Parcel 73032B0001/00T000, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kleistraat 68, 3730 Bilzen-Hoeselt
since 19972.081.769.062
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73032B0001/00T000 | Flanders | 1,421 m² | 1 · 232 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded21-02-1997
Fiscal year end30-06
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
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Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.