ELI TRADE
ActiveSummary
The computed 12-month bankruptcy probability of ELI TRADE is 6.9% (elevated). The annual accounts of ELI TRADE for fiscal year 2025 show a net loss of 99% of total assets and of 75% of the equity at the start of that year. The 2025 annual accounts show equity of €2,958 and a net result of -€8,887. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 45% of 4718 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency58▼-42
Growth55▼-13
Track record100
Bankruptcy probability, 12 months
6.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.58 against 3.8 in 2024; short-term debt: 67% and cash: 2.1% of total assets), and 67% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33%
Return on assets
-99.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year -€8,887
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
76 d late
2022
31 d late
2021
31 d late
2020
95 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 49 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
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. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€16,671▲ 235%
2020 · €4,978
EBIT margin
69.8%▲ 193.6pp
2020 · -123.8%
Net result
-€8,887▲ 10.2%
2024 · -€9,900
Working capital
-€2,539
2024 · €3,637
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€16,671▲ 235%
Operating result€11,642€4,818▼ 58.6%-€2,573-€9,760▼ 279%-€8,792▲ 9.9%
Net result€11,531within the sector's middle half€3,068within the sector's middle half▼ 73.4%-€1,568within the sector's middle half-€9,900below the sector's middle half▼ 531%-€8,887below the sector's middle half▲ 10.2%
EBIT margin69.8%▲ 193.6pp
Equity€20,245within the sector's middle half▲ 132%€23,313within the sector's middle half▲ 15.2%€21,745within the sector's middle half▼ 6.7%€11,844within the sector's middle half▼ 45.5%€2,958below the sector's middle half▼ 75.0%
Total assets€21,508below the sector's middle half▲ 141%€27,235below the sector's middle half▲ 26.6%€24,815below the sector's middle half▼ 8.9%€13,144below the sector's middle half▼ 47.0%€8,950below the sector's middle half▼ 31.9%
Debt€1,263▲ 529%€3,922▲ 211%€3,071▼ 21.7%€1,299▼ 57.7%€5,992▲ 361%
Working capital€16,078within the sector's middle half▲ 376%€13,980within the sector's middle half▼ 13.1%€10,826within the sector's middle half▼ 22.6%€3,637within the sector's middle half▼ 66.4%-€2,539within the sector's middle half
Solvency94.1%above the sector's middle half▼ 3.6pp85.6%above the sector's middle half▼ 8.5pp87.6%above the sector's middle half▲ 2.0pp90.1%above the sector's middle half▲ 2.5pp33.0%within the sector's middle half▼ 57.1pp
Current ratio13.73above the sector's middle half▼ 4.124.56above the sector's middle half▼ 9.174.53above the sector's middle half▼ 0.043.80above the sector's middle half▼ 0.730.58below the sector's middle half▼ 3.22
Return on assets (ROA)53.6%above the sector's middle half▲ 124.1pp11.3%within the sector's middle half▼ 42.3pp-6.3%below the sector's middle half▼ 17.6pp-75.3%below the sector's middle half▼ 69.0pp-99.3%below the sector's middle half▼ 24.0pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8,792 in 2025 against €9,760 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8,950
Fixed assets
€5,497 ▼ 33.0%
Current assets
€3,453 ▼ 30.0%
Equity and liabilities €8,950
Equity
€2,958 ▼ 75.0%
Debt
€5,992 ▲ 361%
Debt's share of the balance-sheet total rises from 9.9% to 67.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€6,081▲
2024 · -€7,049
Cash flow
-€6,176▲
2024 · -€7,189
Debt to equity
2.03▲
2024 · 0.11
ROE
-300.4%▼
2024 · -83.6%
Interest coverage
-64.28▼
2024 · -20.61
Debt ≤ 1 year
€5,992▲
2024 · €1,299
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
9.5%
stopped otherwise
87%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 6.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,592 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €16,671 | - | - | - | - | - |
| Non-recurring operating income76A | €9,000 | €4,000 | €580 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €11,014 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,167 | €4,667 | €2,635 | €2,711 | €2,711 | = |
| Other operating charges640/8 | €849 | €875 | €1,450 | €2,184 | €766 | ▼ 64.9% |
| Gross operating margin9900 | €14,657 | €10,359 | €1,512 | -€4,865 | -€5,315 | ▼ 9.3% |
| Operating profit (loss)9901 | €11,642 | €4,818 | -€2,573 | -€9,760 | -€8,792 | ▲ 9.9% |
| Financial income75/76B | - | - | €1,167 | €202 | - | - |
| Recurring financial income75 | - | - | €1,167 | €202 | - | - |
| Non-recurring financial income76B | - | - | €1,167 | - | - | - |
| Financial charges65/66B | €111 | €1,750 | €162 | €342 | €95 | ▼ 72.3% |
| Recurring financial charges65 | €111 | €83 | €162 | €342 | €95 | ▼ 72.3% |
| Non-recurring financial charges66B | - | €1,667 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €11,531 | €3,068 | -€1,568 | -€9,900 | -€8,887 | ▲ 10.2% |
| Profit (loss) for the period9904 | €11,531 | €3,068 | -€1,568 | -€9,900 | -€8,887 | ▲ 10.2% |
| Profit (loss) for the period to be appropriated9905 | €11,531 | €3,068 | -€1,568 | -€9,900 | -€8,887 | ▲ 10.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,508 | €27,235 | €24,815 | €13,144 | €8,950 | ▼ 31.9% |
| Fixed assets21/28 | €4,167 | €9,333 | €10,918 | €8,208 | €5,497 | ▼ 33.0% |
| Tangible fixed assets22/27 | €4,167 | €9,333 | €10,918 | €8,208 | €5,497 | ▼ 33.0% |
| Furniture and vehicles24 | €4,167 | €9,333 | €10,918 | €8,208 | €5,497 | ▼ 33.0% |
| Current assets29/58 | €17,341 | €17,902 | €13,897 | €4,936 | €3,453 | ▼ 30.0% |
| Amounts receivable within one year40/41 | €110 | €821 | €4,231 | €4,231 | €3,268 | ▼ 22.7% |
| Trade receivables40 | - | €55 | €528 | €971 | - | - |
| Other amounts receivable41 | €110 | €766 | €3,702 | €3,260 | €3,268 | ▲ 0.3% |
| Cash at bank and in hand54/58 | €17,231 | €17,081 | €9,666 | €705 | €185 | ▼ 73.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,508 | €27,235 | €24,815 | €13,144 | €8,950 | ▼ 31.9% |
| Equity10/15 | €20,245 | €23,313 | €21,745 | €11,844 | €2,958 | ▼ 75.0% |
| Contributions10/11 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Capital10 | €15,000 | - | - | - | - | - |
| Issued capital100 | €15,000 | - | - | - | - | - |
| Outside capital11 | - | €15,000 | - | - | - | - |
| Other1109/19 | - | €15,000 | - | - | - | - |
| Profit (loss) carried forward14 | €5,245 | €8,313 | €6,745 | -€3,156 | -€12,042 | ▼ 282% |
| Amounts payable17/49 | €1,263 | €3,922 | €3,071 | €1,299 | €5,992 | ▲ 361% |
| Amounts payable within one year42/48 | €1,263 | €3,922 | €3,071 | €1,299 | €5,992 | ▲ 361% |
| Trade debts44 | €389 | - | - | €419 | €60 | ▼ 85.7% |
| Suppliers440/4 | €389 | - | - | €419 | €60 | ▼ 85.7% |
| Other amounts payable47/48 | €874 | €3,922 | €3,071 | €881 | €5,932 | ▲ 574% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,531 | €3,068 | -€1,568 | -€9,900 | -€8,887 | ▲ 10.2% |
| + Depreciation and write-downs630 | €2,167 | €4,667 | €2,635 | €2,711 | €2,711 | = |
| Operating cash flow (approximation) | €13,697 | €7,735 | €1,067 | -€7,189 | -€6,176 | ▲ 14.1% |
| Investment in fixed assets (approximation) | - | -€9,833 | -€4,220 | €0 | €0 | - |
| Change in cash | - | -€151 | -€7,415 | -€8,961 | -€521 | ▲ 94.2% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet -€9,900
Net result drops to -€9,900, the lowest in the series; recovery starts the following year.
15-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 76 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €11,531
Net result €11,531 after one loss-making year.
03-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 95 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brussel · 1 establishment unit since 2019
Ground area
468 m²
Building footprint
237 m²
Volume, LiDAR
3,920 m³
Parcel 21815D0319/00M005, Brussels · tallest building 22.7 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ELI TRADE
since 20192.290.112.590
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0319/00M005 | Brussels | 468 m² | 1 · 236 m² | 22.7 m · 6 fl. |
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 2,426 companies in sector 49390 we hold annual accounts for 742. 223 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
Founded11-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
49390Land transport and transport via pipelines
49310Scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
E-invoicing
Reachable via Peppol
Peppol ID
0208:0727939963
Registered
09-07-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.