ElGi Management
Open bankruptcyA bankruptcy procedure is open for ElGi Management according to publications in the Belgian State Gazette; curator: E. VERMANDERE. The 2017 annual accounts show negative equity (€-192k) and a net result of €-278k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-09-2017 was due by 30-04-2018 and was filed on 31-05-2018, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2017
31 d late
2015
111 d early
← before the deadline
after the deadline →
Financials · fiscal year 2017, micro schema
Equity
€-192k
2015 · €86k
2015: €86k
2015 → 2017
Net result
€-278k
2015 · €67k
2015: €67k
2015 → 2017
Total assets
€75k▼ 82.5%
2015 · €431k
2015: €431k
2015 → 2017
Solvency
-254.4%▼ 274.3pp
2015 · 19.9%
2015: 19.9%
2015 → 2017
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20152017Trend
Equity€86k-€-192k
Operating result€120k-€-235k
Net result€67k-€-278k
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 turns negative in 2017: a loss of €235k after €120k in 2015.
Balance-sheet composition
2017 in colour, 2015 as the grey bar beneath
Assets €75k
Fixed assets
€2k▼ 99.4%
Current assets
€73k▲ 135%
Key figures and ratios
Solvency
-254.4%▼
2015 · 19.9%
ROE
144.7%▲
2015 · 78.3%
ROA
-368.2%▼
2015 · 15.6%
Debt
€268k▼
2015 · €345k
Debt ≤ 1 year
€81k▼
2015 · €111k
Debt > 1 year
€186k▼
2015 · €234k
Income taxes
€25k▼
2015 · €29k
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 · 2017 against 2015
Balance sheet
Code20152017
Assets
Total assets20/58€431k€75k▼
Fixed assets21/28€400k€2k▼
Tangible fixed assets22/27-€2k
Financial fixed assets28€400k-
Current assets29/58€31k€73k▲
Amounts receivable within one year40/41€12€28k▲
Cash at bank and in hand54/58€31k€45k▲
Equity and liabilities
Total equity and liabilities10/49€431k€75k▼
Equity10/15€86k€-192k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Profit (loss) carried forward14€65k€-213k▼
Amounts payable17/49€345k€268k▼
Amounts payable after more than one year17€234k€186k▼
Amounts payable within one year42/48€111k€81k▼
Trade debts44-€1k
Income statement
Code20152017
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€6k
Gross operating margin9900€120k€106k▼
Operating profit (loss)9901€120k€-235k▼
Recurring financial income75€83€339▲
Recurring financial charges65€23k€18k▼
Profit (loss) for the period before taxes9903€96k€-253k▼
Income taxes67/77€29k€25k▼
Profit (loss) for the period9904€67k€-278k▼
Profit (loss) for the period to be appropriated9905€67k€-278k▼
Timeline · acts, filings and financial milestones
2018
24-10
Bankruptcy
Opening
Rechtbank van koophandel Gent, afdeling Ieper · BVBA ELGI MANAGEMENT WESTMOLENSTRAAT 2, 8940 WERVIK · event 17-09-2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2016
11-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalNBB filing
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, Wervik · 1 establishment unit since 2014
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.
Westmolenstraat 28940 WervikGround area
470 m²
Building footprint
95 m²
Volume, LiDAR
673 m³
Parcel 33029D0604/00K000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Westmolenstraat 2, 8940 Wervik
since 20142.231.415.813
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33029D0604/00K000 | Flanders | 470 m² | 1 · 95 m² | 9.0 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | E. VERMANDERE 4DE REG. KARABINIERSSTRAAT 18,
8980 ZONNEBEKE |
17-09-2018 → present |
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Of 24,637 companies in sector 64210 we hold annual accounts for 19,690. 11,913 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded07-04-2014
Fiscal year end30-09
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.