ELGN
The computed 12-month bankruptcy probability of ELGN is 0.6% (low). The 2025 annual accounts show equity of €134k and a net result of €34k. Equity is growing by ~45.4% per year across the filed fiscal years. Its solvency ranks better than 25% of 277 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €134k |
| Net result | €34k |
| Better than sector | 25% |
| Active | 4 yrs |
Strong profile, led by profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 16.8% | 58.4% | |
| Net result | €34k | €32k | |
| Equity | €134k | €52k | |
| Gross operating margin | €101k | €50k | |
| Total assets | €798k | €122k |
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €72k |
| Net profit | €34k |
| Cash flow | €66k |
| Staff costs | €796 |
| Income taxes | €7k |
| Dividends | - |
| Total assets | €798k |
| Equity | €134k |
| Debt | €663k |
| of which ≤ 1y | €552k |
| of which > 1y | €112k |
| Working capital | €-78k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 0.86 |
| Quick ratio | 0.86 |
| Working capital ratio | -9.7% |
| Solvency | 16.8% |
| Debt / equity | 4.94 |
| Long-term debt ratio | 0.83 |
| Interest coverage | 20.56 |
| Gross margin | - |
| Net margin | - |
| ROA | 4.2% |
| ROE | 25.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €798k |
| Fixed assets | 21/28 | €324k |
| Tangible fixed assets | 22/27 | €324k |
| Current assets | 29/58 | €474k |
| Amounts receivable within one year | 40/41 | €387k |
| Cash & bank | 54/58 | €23k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €798k |
| Equity | 10/15 | €134k |
| Contributions / capital | 10/11 | €5k |
| Accumulated profits (losses) | 14 | €129k |
| Amounts payable | 17/49 | €663k |
| Amounts payable after one year | 17 | €112k |
| Amounts payable within one year | 42/48 | €552k |
| Trade debts payable within one year | 44 | €471k |
| Income statement | ||
| Gross operating margin | 9900 | €101k |
| Operating result | 9901 | €40k |
| Financial income | 75 | €4k |
| Financial charges | 65 | €4k |
| Result before taxes | 9903 | €41k |
| Income taxes | 67/77 | €7k |
| Net result for the period | 9904 | €34k |
| Result to be appropriated | 9905 | €34k |
| NACE primary | 63920 |
| Legal form | Private limited company(610) |
| Incorporation | 17-06-2022 |
| Status | Active |
| Postal code | 9950 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44072C0351/00T003 | Flanders | 6,266 m² | 1 · 2,456 m² | 8.9 m · 2 fl. |
| 44051C0546/00F000 | Flanders | 1,296 m² | 1 · 292 m² | 0.1 m |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
24-03-2025 Publication in the Belgian Official Gazette, Minor change
Technical details
{
"notary": {
"name": "Wim Van Damme",
"firm_city": null,
"firm_name": null,
"office_city": "Lochristi",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2025-03-24",
"filing_date": "2025-03-20",
"act_kind_objet": "statutenwijziging"
},
"decision": {
"body": "algemene_vergadering",
"date": "2025-03-10",
"unanimous": null
},
"agm_change": null,
"detected_kind": "statutes_change",
"other_address": null,
"mandate_renewal": null,
"subject_company": {
"kbo": "0787.364.539",
"name_full": "ELGN",
"legal_form": "BV"
},
"accounts_deposit": null,
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null
},
"co_filed_documents": [
"uitgifte van de akte",
"volmacht en verzaking",
"verslag bestuursorgaan",
"geco\u00F6rdineerde statuten"
],
"fiscal_year_change": null,
"liquidation_closure": null,
"officer_designation": null,
"special_procuration": null,
"is_volet_a_only_stub": false,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}14-08-2024 Registered office moved from Gent to Waarschoot
- Ter Hand 27 bus 1, 9041 Gent → Ververij 10, 9950 Waarschoot
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Ververij 10, 9950 Waarschoot",
"city": "Waarschoot",
"region": "vlaams_gewest",
"street": "Ververij",
"country": "BE",
"postcode": "9950",
"box_number": null,
"street_number": "10",
"locality_suffix": null
},
"old_address": {
"raw": "Ter Hand 27 bus 1, 9041 Gent",
"city": "Gent",
"region": "vlaams_gewest",
"street": "Ter Hand",
"country": "BE",
"postcode": "9041",
"box_number": "1",
"street_number": "27",
"locality_suffix": null
},
"effective_date": "2024-05-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2024-08-14",
"filing_date": "2024-08-02",
"act_kind_objet": "Zetel (zetelverplaatsing)"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2024-05-01",
"unanimous": null
},
"subject_company": {
"kbo": "0787.364.539",
"name_full": "ELGN",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "org",
"org_kbo": "0888.439.232",
"org_name": "BV CRVB Accountancy",
"person_name": "Ann Crommelinck",
"org_rep_person_name": "Ann Crommelinck",
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | ELGN |