ELI-MAT
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 62 days after the deadline Filed on 1 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00550598.
Annual accounts 2025 filed on 01-10-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 16% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €1,390 | - |
| Intangible fixed assets | €1,623 | - |
| Financial fixed assets | €220 | - |
| Depreciation and write-downs of the year | €1,679 | €463 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €31 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,679 | €463 | ▼ 72.4% |
| Other operating charges640/8 | €692 | €1,698 | ▲ 145% |
| Non-recurring operating charges66A | - | €60 | - |
| Gross operating margin9900 | €45,705 | €38,695 | ▼ 15.3% |
| Operating profit (loss)9901 | €43,334 | €36,443 | ▼ 15.9% |
| Financial income75/76B | €55 | €0 | ▼ 99.9% |
| Recurring financial income75 | €55 | €0 | ▼ 99.9% |
| Financial charges65/66B | - | €2,738 | - |
| Recurring financial charges65 | - | €2,738 | - |
| Profit (loss) for the period before taxes9903 | €43,389 | €33,706 | ▼ 22.3% |
| Income taxes67/77 | - | €3,040 | - |
| Profit (loss) for the period9904 | €43,389 | €30,666 | ▼ 29.3% |
| Profit (loss) for the period to be appropriated9905 | €43,389 | €30,666 | ▼ 29.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €60,213 | €162,756 | ▲ 170% |
| Fixed assets21/28 | €1,554 | €1,090 | ▼ 29.8% |
| Tangible fixed assets22/27 | €1,334 | €870 | ▼ 34.7% |
| Plant, machinery and equipment23 | €1,334 | €870 | ▼ 34.7% |
| Financial fixed assets28 | €220 | €220 | = |
| Current assets29/58 | €58,659 | €161,665 | ▲ 176% |
| Amounts receivable within one year40/41 | €29,019 | €131,802 | ▲ 354% |
| Trade receivables40 | €24,496 | €129,659 | ▲ 429% |
| Other amounts receivable41 | €4,523 | €2,143 | ▼ 52.6% |
| Cash at bank and in hand54/58 | €29,505 | €29,864 | ▲ 1.2% |
| Deferred charges and accrued income490/1 | €136 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €60,213 | €162,756 | ▲ 170% |
| Equity10/15 | €15,889 | €26,555 | ▲ 67.1% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €13,389 | €24,055 | ▲ 79.7% |
| Amounts payable17/49 | €44,324 | €136,201 | ▲ 207% |
| Amounts payable within one year42/48 | €44,324 | €136,201 | ▲ 207% |
| Trade debts44 | €1,150 | €58,128 | ▲ 51× |
| Suppliers440/4 | €1,150 | €58,128 | ▲ 51× |
| Taxes, remuneration and social security45 | - | €16,985 | - |
| Taxes450/3 | - | €3,040 | - |
| Remuneration and social security454/9 | - | €13,945 | - |
| Other amounts payable47/48 | €43,174 | €61,088 | ▲ 41.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €43,389 | €30,666 | ▼ 29.3% |
| + Depreciation and write-downs630 | €1,679 | €463 | ▼ 72.4% |
| Operating cash flow (approximation) | €45,068 | €31,129 | ▼ 30.9% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €359 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,976 companies had the same profile as ELI-MAT has now. Two years later, 94.3% were still going and 3.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
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 497,446 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.