Debts
€136,201 84% of the balance sheet
Suppliers 43%Taxes and wages 12%Other 45%
ELI-MAT
Lifetime
2 annual accounts with figures on one time axispeak €45,705 (2024)
€38,695▼ 15.3%
peak €43,389 (2024)
€30,666▼ 29.3%
peak €26,555 (2025)
€26,555▲ 67.1%
€136,201▲ 207%
Board2 names since 2024
2 directorsSAVU Mihai Zlato and 1 other
Documentsfilings and deeds
01-10-202662 days late
2025micro format
Gross margin from €45,705 to €38,695Result from €43,389 to €30,666Equity from €15,889 to €26,555Debts from €44,324 to €136,201
Key points
from the 2025 annual accountsAt the same address
954 companies
Position in the sector
16.3%
Lower solvency than 81% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
2025 accounts filed 62 days after the deadline
Checked score
50
Fair
Financially stronger than 50% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2025: 1.9%
09-2025: 1.9%● unchanged vs 08-2025
10-2025: 2.0%▲ +0.1 percentage points vs 09-2025
11-2025: 1.5%▼ -0.5 percentage points vs 10-2025lowest value
12-2025: 1.5%● unchanged vs 11-2025
01-2026: 1.5%● unchanged vs 12-2025
02-2026: 1.6%▲ +0.1 percentage points vs 01-2026
03-2026: 1.7%▲ +0.1 percentage points vs 02-2026
04-2026: 1.7%● unchanged vs 03-2026
05-2026: 1.7%● unchanged vs 04-2026
06-2026: 1.7%● unchanged vs 05-2026
07-2026: 1.8%▲ +0.1 percentage points vs 06-2026
08-2026: 2.8%▲ +1.0 percentage point vs 07-2026
09-2026: 3.2%▲ +0.4 percentage points vs 08-2026
10-2026: 3.3%▲ +0.1 percentage points vs 09-2026highest value
11-2026: 3.3%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 62 days late; 2 of the last 3 accounts late
Founded in 2024
Size: total assets €162,756
lowers risk
Liquidity: current ratio 1.19, cash €29,864
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 18% of them on solvency, 16% on liquidity, 78% on profitability and 87% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,976 companies had the same profile as ELI-MAT has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ELI-MAT itself: 3.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,976 companies, not a prediction for ELI-MAT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.19 (1.32 in 2024), below the usual 1.5. Short-term debt is 83.7% and cash 18.3% of total assets. 83.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 35136 sector peers (2025).
NBB · sector comparisonPosition among 35136 sector peers
Solvency
better than 19%
← weakest
strongest →
raises risk · 2025 accounts filed 62 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-10-2026, 62 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
62 days late
2024
75 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 69 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SAVU Mihai Zlato 625 sharesdeed of 22-07-2024
- SAVU Mimi-Sonia 1,875 sharesdeed of 22-07-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1011703466
First establishment
Steenweg op Mechelen 455, Kraainem
Incorporation
Founding capital of €2,500, 2,500 shares · Founders: SAVU Mihai Zlato and SAVU Mimi-Sonia · Appointments: SAVU Mihai Zlato (director) and SAVU Mimi-Sonia (director) · published on 22-07-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ELI-MAT Kraainem | - | - | 16.3% | - |
| DMK CONSTRUCT Kraainem | - | - | 22.4% | - |
| BGAN CONSTRUCT BV Kraainem | €304,034 | 13.9% | 22.0% | - |
| Carlos Construct Sint-Pieters-Leeuw | €577,787 | 6.4% | 12.5% | - |
| DRY CONCEPT Sint-Gillis (bij-Brussel) | - | - | 4.6% | - |
| SORINEL RENOVATION Berchem-Sainte-Agathe | - | - | 20.9% | - |
| M VAZ CONSTRCUTION Grimbergen | - | - | 6.9% | - |
These companies have the same main activity as ELI-MAT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €147,000 and €213,000, founded in 2024.
Official details
Source: KBO- Status
- Active since 18-07-2024Normal situation
- Registered office
- 956 active companies are registered at this address95 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Other specialised construction activitiesNACE 43990
- Establishment unit
- 2.362.463.8031950 Kraainem, since 12-08-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 12-11-2025
Annual accounts 2025
- ≈ €330,000estimated
- €162,756▲ 170%
- ≈ 0 FTEestimated
- Filing
- Filed on 01-10-2026
Insights on ELI-MAT
The computed 12-month bankruptcy probability of ELI-MAT is 3.3% (moderate). The 2025 annual accounts show equity of €26,555 and a net result of €30,666.
Its solvency ranks better than 19% of 35,136 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ELI-MAT
- What is the company number of ELI-MAT?
- The company number of ELI-MAT is 1011.703.466. The VAT number is the same number with BE in front: BE 1011.703.466.
- Where is ELI-MAT based?
- The registered office is at Steenweg op Mechelen 455, 1950 Kraainem.Company details
- What does ELI-MAT do?
- According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
- What is the legal form of ELI-MAT?
- ELI-MAT is a private limited company (BV).
- When was ELI-MAT founded?
- ELI-MAT was founded on 18-07-2024.
- Is ELI-MAT still active?
- Yes, ELI-MAT is an active enterprise in the KBO register.
- What is the turnover of ELI-MAT?
- The turnover in financial year 2025 is ≈ €330,000. This figure is estimated from the gross margin of €38,695 and 94 comparable companies (NACE 43990). It probably lies between €220,000 and €590,000.Financials
- Is ELI-MAT profitable?
- In financial year 2025, ELI-MAT made a profit of €30,666.
- Where can I find the annual accounts of ELI-MAT?
- ELI-MAT filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ELI-MAT due?
- ELI-MAT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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