ELGROS
ActiveELGROS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25k and a net result of €15k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 29% of 11257 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-3
Solvency39▼-33
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.89 in 2024; short-term debt: 84.7% and cash: 11.4% of total assets), and 86.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
13.8%
Return on assets
8.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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 · 10 filingsDeviation from the deadline
2025
14 d late
2024
23 d late
2023
31 d late
2022
58 d late
2021
30 d late
2020
7 d early
2019
53 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€25k▼ 70.2%
2024 · €84k
2018: €33k
2019: €42k
2020: €70k
2021: €100k
2022: €93k
2023: €91k
2024: €84k
2018 → 2025
Total assets
€181k▲ 0.9%
2024 · €179k
2018: €137k
2019: €193k
2020: €192k
2021: €238k
2022: €213k
2023: €185k
2024: €179k
2018 → 2025
Net result
€15k▼ 22.1%
2024 · €19k
2018: €2k
2019: €9k
2020: €28k
2021: €31k
2022: €9k
2023: €-2k
2024: €19k
2018 → 2025
Working capital
€27k▼ 67.1%
2024 · €83k
2018: €33k
2019: €31k
2020: €56k
2021: €87k
2022: €77k
2023: €86k
2024: €83k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€100k-€93k▼ 7.4%€91k▼ 1.8%€84k▼ 8.5%€25k▼ 70.2%
Operating result€40k-€9k▼ 77.5%€-4k€25k€18k▼ 27.7%
Net result€31k-€9k▼ 72.0%€-2k€19k€15k▼ 22.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €181k
Fixed assets
€438▼ 87.4%
Current assets
€180k▲ 2.6%
Equity and liabilities €181k
Equity
€25k▼ 70.2%
Debt
€156k▲ 63.0%
The debt ratio rises from 53.3% to 86.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€21k▼
2024 · €30k
Cash flow
€18k▼
2024 · €24k
Solvency
13.8%▼
2024 · 46.7%
Current ratio
1.18▼
2024 · 1.89
Quick ratio
0.21▼
2024 · 0.53
Debt / equity
6.25▲
2024 · 1.14
ROE
59.3%▲
2024 · 22.7%
ROA
8.2%▼
2024 · 10.6%
Interest coverage
128.39▼
2024 · 135.52
Debt
€156k▲
2024 · €96k
Debt ≤ 1 year
€153k▲
2024 · €93k
Income taxes
€8k▼
2024 · €11k
Staff costs
€70k▲
2024 · €68k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€179k€181k▲
Fixed assets21/28€3k€438▼
Tangible fixed assets22/27€3k€438▼
Furniture and vehicles24€3k€438▼
Current assets29/58€176k€180k▲
Stocks and contracts in progress3€127k€148k▲
Stocks30/36€127k€148k▲
Amounts receivable within one year40/41€8k€8k▲
Trade receivables40€8k€8k▲
Cash at bank and in hand54/58€38k€21k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€179k€181k▲
Equity10/15€84k€25k▼
Contributions10/11€19k€19k=
Reserves13€65k€6k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€5k€5k=
Distributable reserves133€59k-
Amounts payable17/49€96k€156k▲
Amounts payable within one year42/48€93k€153k▲
Trade debts44€16k€22k▲
Suppliers440/4€16k€22k▲
Taxes, remuneration and social security45€35k€28k▼
Taxes450/3€25k€18k▼
Remuneration and social security454/9€10k€10k▲
Other amounts payable47/48€42k€104k▲
Accrued charges and deferred income492/3€3k€3k=
Income statement
Code20242025
Remuneration, social security and pensions62€68k€70k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€3k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€99k€93k▼
Operating profit (loss)9901€25k€18k▼
Financial income75/76B€5k€6k▲
Recurring financial income75€5k€6k▲
Financial charges65/66B€220€162▼
Recurring financial charges65€220€162▼
Profit (loss) for the period before taxes9903€30k€23k▼
Income taxes67/77€11k€8k▼
Profit (loss) for the period9904€19k€15k▼
Profit (loss) for the period to be appropriated9905€19k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€15k▼
Profit (loss) brought forward from the previous period14P€-2k-
Transfer from equity791/2€9k€59k▲
Profit to be distributed694/7€27k€73k▲
Return on contributions (dividend)694€27k€73k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
23-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
2024
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-2k ▼119%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €31k ▲11%
Operating result €40k, net result €31k, both a record.
31-12
Financial
Equity above €100kEq €100k ▲44.4%
4 profitable years in a row build equity to €100k.
24-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Hasselt · 2 establishment units since 2015
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.
Spalbeekstraat 943510 HasseltGround area
7,182 m²
Building footprint
2,566 m²
Volume, LiDAR
14,198 m³
2 parcels, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
ELGROS
since 20152.268.690.438
ELGROS
since 20172.268.690.339
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71054A0278/02N000 | Flanders | 6,056 m² | 1 · 2,426 m² | 11.4 m · 2 fl. |
| 71054A0307/00A002 | Flanders | 1,126 m² | 1 · 140 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,162 EUR awarded · 1,162 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,162 EUR | 1,162 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
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Of 977 companies in sector 46431 we hold annual accounts for 705. 319 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-10-2015
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.