Elgoco
ActiveSummary
Elgoco has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147k and a net result of €16k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 92% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+31
Solvency100▲+30
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 72.0 against 1.58 in 2024; short-term debt: 1.1% and cash: 67.8% of total assets), and 6.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
93.8%
Return on assets
10.2%
Age of the figures
9 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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €147k
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
47 d early
2023
50 d early
2022
1 d late
2021
21 d early
2020
174 d late
2019
31 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€147k▲ 12.1%
2024 · €131k
Total assets
€157k▼ 46.0%
2024 · €290k
Net result
€16k
2024 · €-229
Working capital
€119k▲ 28.9%
2024 · €92k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2k▼ 77.9%€2k▼ 28.6%€-324€5k€27k▲ 423%
Net result€706▼ 89.7%€122▼ 82.7%€-1k€-229▲ 83.8%€16k
Equity€133k▲ 0.5%€133k▲ 0.1%€131k▼ 1.1%€131k▼ 0.2%€147k▲ 12.1%
Total assets€141k▼ 4.5%€135k▼ 4.6%€212k▲ 57.5%€290k▲ 37.0%€157k▼ 46.0%
Debt€9k▼ 46.1%€2k▼ 78.2%€81k▲ 4,234%€159k▲ 97.5%€10k▼ 93.9%
Working capital€94k▲ 6.5%€99k▲ 5.5%€101k▲ 2.8%€92k▼ 9.2%€119k▲ 28.9%
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 423% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €157k
Fixed assets
€36k ▼ 7.0%
Current assets
€120k ▼ 52.1%
Equity and liabilities €157k
Equity
€147k ▲ 12.1%
Debt
€10k ▼ 93.9%
Debt's share of the balance-sheet total falls from 54.9% to 6.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32k▲
2024 · €10k
Cash flow
€21k▲
2024 · €4k
Current ratio
72.00▲
2024 · 1.58
Quick ratio
69.61▲
2024 · 1.55
Debt to equity
0.07▼
2024 · 1.22
ROE
10.8%▲
2024 · -0.2%
ROA
10.2%▲
2024 · -0.1%
Interest coverage
11.91▲
2024 · 3.77
Debt ≤ 1 year
€2k▼
2024 · €159k
Income taxes
€8k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €4k | €5k | €5k | ▲ 15.5% |
| Other operating charges640/8 | €1k | €939 | €1k | €874 | €2k | ▲ 181% |
| Gross operating margin9900 | €8k | €7k | €5k | €11k | €35k | ▲ 228% |
| Operating profit (loss)9901 | €2k | €2k | €-324 | €5k | €27k | ▲ 423% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | €538 | €346 | €664 | €3k | €3k | ▲ 5.0% |
| Recurring financial charges65 | €538 | €346 | €664 | €3k | €3k | ▲ 5.0% |
| Profit (loss) for the period before taxes9903 | €2k | €1k | €-988 | €3k | €24k | ▲ 841% |
| Income taxes67/77 | €930 | €1k | €427 | €3k | €8k | ▲ 195% |
| Profit (loss) for the period9904 | €706 | €122 | €-1k | €-229 | €16k | ▲ 7,048% |
| Profit (loss) for the period to be appropriated9905 | €706 | €122 | €-1k | €-229 | €16k | ▲ 7,048% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €141k | €135k | €212k | €290k | €157k | ▼ 46.0% |
| Fixed assets21/28 | €39k | €34k | €30k | €39k | €36k | ▼ 7.0% |
| Tangible fixed assets22/27 | €39k | €34k | €30k | €39k | €36k | ▼ 7.0% |
| Furniture and vehicles24 | - | - | - | €861 | €3k | ▲ 201% |
| Other tangible fixed assets26 | €39k | €34k | €30k | €38k | €34k | ▼ 11.7% |
| Current assets29/58 | €102k | €101k | €182k | €251k | €120k | ▼ 52.1% |
| Stocks and contracts in progress3 | €4k | €11k | €11k | €4k | €4k | = |
| Stocks30/36 | €4k | €11k | €11k | €4k | €4k | = |
| Amounts receivable within one year40/41 | €70k | €71k | €138k | €189k | €3k | ▼ 98.3% |
| Trade receivables40 | €23k | €1k | €7k | €8k | €3k | ▼ 64.9% |
| Other amounts receivable41 | €47k | €70k | €132k | €181k | €406 | ▼ 99.8% |
| Cash at bank and in hand54/58 | €16k | €9k | €25k | €51k | €106k | ▲ 109% |
| Deferred charges and accrued income490/1 | €12k | €10k | €9k | €8k | €7k | ▼ 10.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €141k | €135k | €212k | €290k | €157k | ▼ 46.0% |
| Equity10/15 | €133k | €133k | €131k | €131k | €147k | ▲ 12.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €114k | €114k | €113k | €113k | €128k | ▲ 14.1% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €26k | €26k | €26k | €26k | €26k | = |
| Distributable reserves133 | €86k | €86k | €84k | €84k | €100k | ▲ 18.9% |
| Amounts payable17/49 | €9k | €2k | €81k | €159k | €10k | ▼ 93.9% |
| Amounts payable within one year42/48 | €9k | €2k | €81k | €159k | €2k | ▼ 99.0% |
| Trade debts44 | €2k | €639 | €75k | €74 | €768 | ▲ 938% |
| Suppliers440/4 | €2k | €639 | €75k | €74 | €768 | ▲ 938% |
| Taxes, remuneration and social security45 | €929 | €1k | €5k | €9k | €732 | ▼ 91.8% |
| Taxes450/3 | €929 | €1k | €5k | €9k | €732 | ▼ 91.8% |
| Other amounts payable47/48 | €5k | €138 | - | €150k | €173 | ▼ 99.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €8k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €706 | €122 | €-1k | €-229 | €16k | ▲ 7,048% |
| + Depreciation and write-downs630 | €5k | €5k | €4k | €5k | €5k | ▲ 15.5% |
| Operating cash flow (approximation) | €6k | €5k | €3k | €4k | €21k | ▲ 392% |
| Investment in fixed assets (approximation) | - | €1 | €0 | €-14k | €-3k | ▲ 81.6% |
| Change in cash | - | €-7k | €16k | €26k | €55k | ▲ 113% |
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
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
31-12
Financial
Liquidity times 46current ratio 72.00
Current ratio from 1.58 to 72.00; short-term debt falls from €159k to €2k.
14-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
31-12
Financial
Liquidity times 5current ratio 54.00
Current ratio from 11.97 to 54.00; short-term debt falls from €9k to €2k.
10-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 174 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 6.55
Current ratio from 1.99 to 6.55; short-term debt falls from €76k to €16k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
30-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 608 days late
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
09-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Sint-Niklaas · 1 establishment unit since 2011
Ground area
3,326 m²
Building footprint
168 m²
Volume, LiDAR
2 m³
Parcel 46002A0032/00G000, Flanders · tallest building 0.6 m. Linked by address, not a title deed.
1 establishment unit
ELGOCO
since 20112.204.080.916
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002A0032/00G000 | Flanders | 3,326 m² | 1 · 167 m² | 0.6 m |
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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 40,837 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-11-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46423Wholesale of clothing, excluding workwear and underwear
Contact
Scores and ratios are computed by Checked and are not a credit decision.