ELIA DISTRIBUTION
ActiveSummary
The computed 12-month bankruptcy probability of ELIA DISTRIBUTION is 13.3% (high). The 2024 annual accounts show equity of €233,412 and a net result of €37,899. Equity is growing by ~30.2% per year across the filed fiscal years. Its solvency ranks better than 46% of 6719 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+5
Solvency59=
Growth78▲+26
Track record84
Bankruptcy probability, 12 months
13.3%
High
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.45 against 1.46 in 2023; short-term debt: 59.4% and cash: 3.6% of total assets), and 66.2% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk
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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-12-2025, 138 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
138 d late
2023
68 d late
2022
102 d late
2021
64 d late
2020
75 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 89 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
History
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Financials · fiscal year 2024, micro schema
Equity
€233,412▲ 19.4%
2023 · €195,513
Total assets
€690,194▲ 21.6%
2023 · €567,579
Net result
€37,899▲ 368%
2023 · €8,103
Working capital
€184,894▲ 37.3%
2023 · €134,695
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
Line20202021202220232024
Operating result€19,593-€27,555▲ 40.6%€158,917▲ 477%€36,327▼ 77.1%€110,085▲ 203%
Net result€12,932within the sector's middle half-€19,988within the sector's middle half▲ 54.6%€149,490above the sector's middle half▲ 648%€8,103within the sector's middle half▼ 94.6%€37,899above the sector's middle half▲ 368%
Equity€17,932within the sector's middle half-€37,920within the sector's middle half▲ 111%€187,410above the sector's middle half▲ 394%€195,513above the sector's middle half▲ 4.3%€233,412above the sector's middle half▲ 19.4%
Total assets€239,995within the sector's middle half-€245,124within the sector's middle half▲ 2.1%€615,869above the sector's middle half▲ 151%€567,579above the sector's middle half▼ 7.8%€690,194above the sector's middle half▲ 21.6%
Debt€222,062-€207,204▼ 6.7%€428,459▲ 107%€372,066▼ 13.2%€456,782▲ 22.8%
Working capital-€37,897below the sector's middle half-€4,430within the sector's middle half€78,738above the sector's middle half▲ 1,677%€134,695above the sector's middle half▲ 71.1%€184,894above the sector's middle half▲ 37.3%
Solvency7.5%below the sector's middle half-15.5%within the sector's middle half▲ 8.0pp30.4%within the sector's middle half▲ 15.0pp34.4%within the sector's middle half▲ 4.0pp33.8%within the sector's middle half▼ 0.6pp
Current ratio0.71below the sector's middle half-1.03within the sector's middle half▲ 0.321.24within the sector's middle half▲ 0.211.46within the sector's middle half▲ 0.221.45within the sector's middle half▼ 0.01
Return on assets (ROA)5.4%within the sector's middle half-8.2%within the sector's middle half▲ 2.8pp24.3%above the sector's middle half▲ 16.1pp1.4%within the sector's middle half▼ 22.8pp5.5%within the sector's middle half▲ 4.1pp
Staff (FTE)6.814.4▲ 112%15.4▲ 6.9%11.5▼ 25.3%
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 recovers in 2024; 2024 is 203% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €690,194
Fixed assets
€95,569 ▼ 32.8%
Current assets
€594,625 ▲ 39.8%
Equity and liabilities €690,194
Equity
€233,412 ▲ 19.4%
Debt
€456,782 ▲ 22.8%
Debt's share of the balance-sheet total rises from 65.6% to 66.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€128,276▲
2023 · €61,200
Cash flow
€56,090▲
2023 · €32,976
Debt to equity
1.96▲
2023 · 1.90
ROE
16.2%▲
2023 · 4.1%
Interest coverage
20.16▲
2023 · 11.47
Debt ≤ 1 year
€409,731▲
2023 · €290,659
Debt > 1 year
€47,051▼
2023 · €81,407
Income taxes
€65,823▲
2023 · €22,887
Staff costs
€458,574▼
2023 · €469,627
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 13.3% 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 6,781 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €186,323 | €390,626 | €469,627 | €458,574 | ▼ 2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,446 | €10,520 | €21,876 | €24,873 | €18,191 | ▼ 26.9% |
| Other operating charges640/8 | - | €12,274 | €24,521 | €68,906 | €105,809 | ▲ 53.6% |
| Gross operating margin9900 | €122,629 | €236,671 | €595,940 | €599,732 | €692,660 | ▲ 15.5% |
| Operating profit (loss)9901 | €19,593 | €27,555 | €158,917 | €36,327 | €110,085 | ▲ 203% |
| Financial charges65/66B | - | €7,567 | €4,503 | €5,337 | €6,363 | ▲ 19.2% |
| Recurring financial charges65 | €6,596 | €7,567 | €4,503 | €5,337 | €6,363 | ▲ 19.2% |
| Profit (loss) for the period before taxes9903 | €12,932 | €19,988 | €154,414 | €30,990 | €103,722 | ▲ 235% |
| Income taxes67/77 | - | - | €4,924 | €22,887 | €65,823 | ▲ 188% |
| Profit (loss) for the period9904 | €12,932 | €19,988 | €149,490 | €8,103 | €37,899 | ▲ 368% |
| Profit (loss) for the period to be appropriated9905 | €12,932 | €19,988 | €149,490 | €8,103 | €37,899 | ▲ 368% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €239,995 | €245,124 | €615,869 | €567,579 | €690,194 | ▲ 21.6% |
| Fixed assets21/28 | €145,629 | €105,301 | €210,688 | €142,225 | €95,569 | ▼ 32.8% |
| Tangible fixed assets22/27 | €90,629 | €50,301 | €146,688 | €78,927 | €30,771 | ▼ 61.0% |
| Plant, machinery and equipment23 | - | - | €1,567 | €1,067 | €2,522 | ▲ 136% |
| Furniture and vehicles24 | - | €33,432 | €88,293 | €40,106 | €26,764 | ▼ 33.3% |
| Leasing and similar rights25 | - | €16,869 | €56,828 | €37,754 | - | - |
| Other tangible fixed assets26 | - | - | - | - | €1,485 | - |
| Financial fixed assets28 | €55,000 | €55,000 | €64,000 | €63,298 | €64,798 | ▲ 2.4% |
| Current assets29/58 | €94,366 | €139,823 | €405,181 | €425,354 | €594,625 | ▲ 39.8% |
| Amounts receivable within one year40/41 | €81,064 | €107,325 | €347,060 | €326,812 | €569,807 | ▲ 74.4% |
| Trade receivables40 | - | €107,325 | €308,331 | €307,542 | €552,989 | ▲ 79.8% |
| Other amounts receivable41 | - | - | €38,728 | €19,270 | €16,817 | ▼ 12.7% |
| Cash at bank and in hand54/58 | €10,081 | €32,498 | €58,121 | €98,542 | €24,819 | ▼ 74.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €239,995 | €245,124 | €615,869 | €567,579 | €690,194 | ▲ 21.6% |
| Equity10/15 | €17,932 | €37,920 | €187,410 | €195,513 | €233,412 | ▲ 19.4% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €12,932 | €32,920 | €182,410 | €190,513 | €228,412 | ▲ 19.9% |
| Amounts payable17/49 | €222,062 | €207,204 | €428,459 | €372,066 | €456,782 | ▲ 22.8% |
| Amounts payable after more than one year17 | €89,799 | €71,811 | €102,016 | €81,407 | €47,051 | ▼ 42.2% |
| Financial debts170/4 | - | €31,811 | €62,016 | €41,407 | €7,051 | ▼ 83.0% |
| Other amounts payable178/9 | - | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Amounts payable within one year42/48 | €132,263 | €135,393 | €326,443 | €290,659 | €409,731 | ▲ 41.0% |
| Current portion of amounts payable after more than one year42 | - | €7,994 | €14,793 | €14,688 | €4,091 | ▼ 72.1% |
| Trade debts44 | €73,376 | €74,817 | €171,159 | €200,330 | €326,659 | ▲ 63.1% |
| Suppliers440/4 | - | €74,817 | €171,159 | €200,330 | €326,659 | ▲ 63.1% |
| Taxes, remuneration and social security45 | - | €49,882 | €111,984 | €62,446 | €78,982 | ▲ 26.5% |
| Taxes450/3 | - | €17,654 | €49,187 | €42,230 | €54,354 | ▲ 28.7% |
| Remuneration and social security454/9 | - | €32,228 | €62,798 | €20,216 | €24,628 | ▲ 21.8% |
| Other amounts payable47/48 | - | €2,700 | €28,507 | €13,195 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,932 | €19,988 | €149,490 | €8,103 | €37,899 | ▲ 368% |
| + Depreciation and write-downs630 | €34,446 | €10,520 | €21,876 | €24,873 | €18,191 | ▼ 26.9% |
| Operating cash flow (approximation) | €47,379 | €30,507 | €171,366 | €32,976 | €56,090 | ▲ 70.1% |
| Investment in fixed assets (approximation) | - | €29,808 | -€127,264 | €43,591 | €28,465 | ▼ 34.7% |
| Change in cash | - | €22,417 | €25,623 | €40,421 | -€73,723 | ▼ 282% |
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
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 138 days late
11-02
KBO administration
Address strikeout annulled
17-01
KBO administration
Address struck
2024
31-12
Financial
Equity above €200,000Eq €233,412 ▲19.4%
5 profitable years in a row build equity to €233,412.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Weakest financial yearnet €8,103 ▼94.6%
Net result drops to €8,103, the lowest in the series; recovery starts the following year.
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 102 days late
2022
31-12
Financial
Highest result since 2020net €149,490 ▲648%
Operating result €158,917, net result €149,490, both a record.
31-12
Financial
Equity above €150,000Eq €187,410 ▲394%
3 profitable years in a row build equity to €187,410.
03-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 64 days late
2021
14-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 75 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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
1.1 ha
Building footprint
5,859 m²
Volume, LiDAR
19,784 m³
2 parcels, Brussels, Flanders · tallest building 25.0 m, ±8 floors. Linked by address, not a title deed.
35
companies at this address
See who is registered here
1 establishment unit
ELIA DISTRIBUTION
since 20192.292.972.904
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23643E0101/00D002 | Flanders | 1.0 ha | 1 · 4,985 m² | - |
| 21812N1454/00X004 | Brussels | 1,013 m² | 1 · 874 m² | 24.9 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,583 companies in sector 49410 we hold annual accounts for 8,204. 6,085 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
Founded23-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0732819657
Also
9925:BE0732819657
Registered
10-02-2026
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.