ELIART
ActiveSummary
The computed 12-month bankruptcy probability of ELIART is 2.1% (moderate). The 2024 annual accounts show equity of €27k and a net result of €-204. Equity is growing by ~20.9% per year across the filed fiscal years. Its solvency ranks better than 78% of 15865 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability68▼-32
Solvency100▲+27
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 3.41 against 1.78 in 2023; short-term debt: 24.9% and cash: 45.9% of total assets), and 24.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
75.1%
Return on assets
-0.6%
Age of the figures
21 mo
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
55 d late
2023
72 d late
2022
29 d late
2021
66 d late
2020
115 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€27k▼ 0.7%
2023 · €27k
2020: €14k
2021: €12k▼ -13.2% vs 2020
2022: €9k▼ -24.0% vs 2021lowest in 5 years
2023: €27k▲ +191% vs 2022highest in 5 years
2024: €27k▼ -0.7% vs 2023
2020 → 2024
Total assets
€36k▼ 37.0%
2023 · €57k
2020: €72khighest in 5 years
2021: €71k▼ -1.3% vs 2020
2022: €15k▼ -79.2% vs 2021lowest in 5 years
2023: €57k▲ +288% vs 2022
2024: €36k▼ -37.0% vs 2023
2020 → 2024
Net result
€-204
2023 · €18k
2020: €9k
2021: €-2k▼ -120% vs 2020
2022: €-3k▼ -58.1% vs 2021lowest in 5 years
2023: €18k▲ +707% vs 2022highest in 5 years
2024: €-204▼ -101% vs 2023
2020 → 2024
Working capital
€22k▼ 7.3%
2023 · €23k
2020: €8k
2021: €8k▲ +1.7% vs 2020
2022: €6k▼ -24.0% vs 2021lowest in 5 years
2023: €23k▲ +294% vs 2022highest in 5 years
2024: €22k▼ -7.3% vs 2023
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€14k-€12k▼ 13.2%€9k▼ 24.0%€27k▲ 191%€27k▼ 0.7%
2020: €14k
2021: €12k▼ -13.2% vs 2020
2022: €9k▼ -24.0% vs 2021lowest in 5 years
2023: €27k▲ +191% vs 2022highest in 5 years
2024: €27k▼ -0.7% vs 2023
Operating result€10k-€-721€-2k▼ 161%€18k€1k▼ 94.4%
2020: €10k
2021: €-721▼ -107% vs 2020
2022: €-2k▼ -161% vs 2021lowest in 5 years
2023: €18k▲ +1060% vs 2022highest in 5 years
2024: €1k▼ -94.4% vs 2023
Net result€9k-€-2k€-3k▼ 58.1%€18k€-204
2020: €9k
2021: €-2k▼ -120% vs 2020
2022: €-3k▼ -58.1% vs 2021lowest in 5 years
2023: €18k▲ +707% vs 2022highest in 5 years
2024: €-204▼ -101% vs 2023
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 2024; 2024 is 94% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €36k
Fixed assets
€5k ▲ 37.8%
Current assets
€31k ▼ 42.6%
Equity and liabilities €36k
Equity
€27k ▼ 0.7%
Debt
€9k ▼ 70.1%
Debt's share of the balance-sheet total falls from 52.3% to 24.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4k▼
2023 · €19k
Cash flow
€3k▼
2023 · €19k
Current ratio
3.41▲
2023 · 1.78
Debt to equity
0.33▼
2023 · 1.10
ROE
-0.8%▼
2023 · 65.7%
ROA
-0.6%▼
2023 · 31.3%
Interest coverage
19.11▼
2023 · 110.51
Debt ≤ 1 year
€9k▼
2023 · €30k
Income taxes
€1k
Staff costs
€2k▲
2023 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€57k€36k▼
Fixed assets21/28€4k€5k▲
Tangible fixed assets22/27€4k€5k▲
Plant, machinery and equipment23-€3k
Furniture and vehicles24€4k€2k▼
Current assets29/58€53k€31k▼
Amounts receivable within one year40/41€36k€9k▼
Trade receivables40€31k€4k▼
Other amounts receivable41€5k€5k=
Cash at bank and in hand54/58€14k€16k▲
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€57k€36k▼
Equity10/15€27k€27k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€22k€22k▼
Amounts payable17/49€30k€9k▼
Amounts payable within one year42/48€30k€9k▼
Trade debts44€16k€4k▼
Suppliers440/4€16k€4k▼
Taxes, remuneration and social security45€12k€5k▼
Taxes450/3€12k€5k▼
Remuneration and social security454/9-€455
Other amounts payable47/48€2k€257▼
Income statement
Code20232024
Remuneration, social security and pensions62€1k€2k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€3k▲
Other operating charges640/8€7k€632▼
Gross operating margin9900€27k€6k▼
Operating profit (loss)9901€18k€1k▼
Financial income75/76B-€7
Recurring financial income75-€7
Financial charges65/66B€176€208▲
Recurring financial charges65€176€208▲
Profit (loss) for the period before taxes9903€18k€809▼
Income taxes67/77-€1k
Profit (loss) for the period9904€18k€-204▼
Profit (loss) for the period to be appropriated9905€18k€-204▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€22k▼
Profit (loss) brought forward from the previous period14P€4k€22k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €29 | €743 | €1k | €2k | ▲ 50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €2k | €2k | €1k | €3k | ▲ 113% |
| Other operating charges640/8 | - | €442 | €619 | €7k | €632 | ▼ 90.6% |
| Gross operating margin9900 | €12k | €2k | €2k | €27k | €6k | ▼ 76.5% |
| Operating profit (loss)9901 | €10k | €-721 | €-2k | €18k | €1k | ▼ 94.4% |
| Financial income75/76B | - | €0 | €0 | - | €7 | - |
| Recurring financial income75 | €0 | €0 | €0 | - | €7 | - |
| Financial charges65/66B | - | €1k | €211 | €176 | €208 | ▲ 18.2% |
| Recurring financial charges65 | €1k | €1k | €211 | €176 | €208 | ▲ 18.2% |
| Profit (loss) for the period before taxes9903 | €9k | €-2k | €-2k | €18k | €809 | ▼ 95.5% |
| Income taxes67/77 | - | - | €854 | - | €1k | - |
| Profit (loss) for the period9904 | €9k | €-2k | €-3k | €18k | €-204 | ▼ 101% |
| Profit (loss) for the period to be appropriated9905 | €9k | €-2k | €-3k | €18k | €-204 | ▼ 101% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72k | €71k | €15k | €57k | €36k | ▼ 37.0% |
| Fixed assets21/28 | €57k | €55k | €3k | €4k | €5k | ▲ 37.8% |
| Tangible fixed assets22/27 | €7k | €5k | €3k | €4k | €5k | ▲ 37.8% |
| Plant, machinery and equipment23 | - | €1k | - | - | €3k | - |
| Furniture and vehicles24 | - | €4k | €3k | €4k | €2k | ▼ 49.1% |
| Financial fixed assets28 | €50k | €50k | - | - | - | - |
| Current assets29/58 | €15k | €16k | €11k | €53k | €31k | ▼ 42.6% |
| Amounts receivable within one year40/41 | - | €9k | €5k | €36k | €9k | ▼ 75.4% |
| Trade receivables40 | - | €9k | €5k | €31k | €4k | ▼ 87.7% |
| Other amounts receivable41 | - | - | - | €5k | €5k | = |
| Cash at bank and in hand54/58 | €15k | €5k | €6k | €14k | €16k | ▲ 17.3% |
| Deferred charges and accrued income490/1 | - | €2k | - | €3k | €5k | ▲ 59.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72k | €71k | €15k | €57k | €36k | ▼ 37.0% |
| Equity10/15 | €14k | €12k | €9k | €27k | €27k | ▼ 0.7% |
| Contributions10/11 | - | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €9k | €7k | €4k | €22k | €22k | ▼ 0.9% |
| Amounts payable17/49 | €57k | €58k | €5k | €30k | €9k | ▼ 70.1% |
| Amounts payable after more than one year17 | €50k | €50k | - | - | - | - |
| Financial debts170/4 | - | €50k | - | - | - | - |
| Amounts payable within one year42/48 | €7k | €8k | €5k | €30k | €9k | ▼ 70.1% |
| Trade debts44 | €2k | €4k | €3k | €16k | €4k | ▼ 76.8% |
| Suppliers440/4 | - | €4k | €3k | €16k | €4k | ▼ 76.8% |
| Taxes, remuneration and social security45 | - | €4k | €2k | €12k | €5k | ▼ 57.9% |
| Taxes450/3 | - | €4k | €2k | €12k | €5k | ▼ 61.7% |
| Remuneration and social security454/9 | - | - | - | - | €455 | - |
| Other amounts payable47/48 | - | €37 | €627 | €2k | €257 | ▼ 88.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €-2k | €-3k | €18k | €-204 | ▼ 101% |
| + Depreciation and write-downs630 | €1k | €2k | €2k | €1k | €3k | ▲ 113% |
| Operating cash flow (approximation) | €10k | €129 | €-677 | €19k | €3k | ▼ 85.7% |
| Investment in fixed assets (approximation) | - | €0 | €49k | €-2k | €-4k | ▼ 133% |
| Change in cash | - | €-10k | €656 | €8k | €2k | ▼ 69.7% |
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
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
2023
31-12
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 66 days late
2021
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 115 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Sombreffe · 1 establishment unit since 2019
Ground area
1,249 m²
Building footprint
89 m²
Parcel 92074B0161/00G002, Wallonia. Linked by address, not a title deed.
1 establishment unit
ELIART
since 20192.295.819.160
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92074B0161/00G002 | Wallonia | 1,249 m² | 1 · 89 m² | - |
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 4,418 companies in sector 46180 we hold annual accounts for 1,885. 1,231 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
Founded25-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95315Tyre services
47820Retail sale of motor vehicle parts and accessories
70200Business and other management consultancy
74999Other professional, scientific and technical activities
Contact
E-mail
tom@martinracingteam.com
Phone
+32475473855
Scores and ratios are computed by Checked and are not a credit decision.