ELIBAT
ActiveSummary
ELIBAT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38,015 and a net result of -€18,644. Equity is shrinking by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 32% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▼-42
Solvency39▼-5
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.89 against 0.61 in 2024; short-term debt: 64.7% and cash: 1.3% of total assets), and 86.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
13.5%
Return on assets
-6.6%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 03-07-2026, 64 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 · 10 filingsDeviation from the deadline
2025
64 d late
2024
on the day
2023
1 d early
2022
15 d late
2021
20 d late
2020
on the day
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€18,644
2024 · €8,595
Working capital
-€20,372▲ 79.2%
2024 · -€97,995
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,185▲ 98.6%-€19,375€9,997€18,698▲ 87.0%-€5,450
Net result€3,621-€28,997€4,558€8,595▲ 88.6%-€18,644
Equity€72,502▲ 5.3%€43,505▼ 40.0%€48,063▲ 10.5%€56,658▲ 17.9%€38,015▼ 32.9%
Total assets€406,862▲ 7.4%€370,999▼ 8.8%€327,671▼ 11.7%€306,132▼ 6.6%€281,533▼ 8.0%
Debt€334,360▲ 7.9%€327,494▼ 2.1%€279,608▼ 14.6%€249,473▼ 10.8%€243,518▼ 2.4%
Working capital-€71,302▲ 36.5%-€123,590▼ 73.3%-€129,508▼ 4.8%-€97,995▲ 24.3%-€20,372▲ 79.2%
Staff (FTE)2.2▲ 37.5%1.5▼ 31.8%1▼ 33.3%1=1.6▲ 60.0%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5,450 after €18,698 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €281,533
Fixed assets
€119,818 ▼ 22.7%
Current assets
€161,715 ▲ 7.0%
Equity and liabilities €281,533
Equity
€38,015 ▼ 32.9%
Debt
€243,518 ▼ 2.4%
Debt's share of the balance-sheet total rises from 81.5% to 86.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€29,677▼
2024 · €54,103
Cash flow
€16,483▼
2024 · €44,001
Current ratio
0.89▲
2024 · 0.61
Quick ratio
0.10▲
2024 · 0.06
Debt to equity
6.41▲
2024 · 4.40
ROE
-49.0%▼
2024 · 15.2%
ROA
-6.6%▼
2024 · 2.8%
Interest coverage
2.35▼
2024 · 5.98
Debt ≤ 1 year
€182,088▼
2024 · €249,183
Debt > 1 year
€61,140
Income taxes
€553▼
2024 · €1,303
Staff costs
€32,382▲
2024 · €23,259
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,164 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.2%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 2,164 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €37,221 | €24,944 | €29,110 | €23,259 | €32,382 | ▲ 39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,675 | €36,938 | €36,860 | €35,405 | €35,126 | ▼ 0.8% |
| Other operating charges640/8 | €12,507 | €11,064 | €10,833 | €11,798 | €11,906 | ▲ 0.9% |
| Non-recurring operating charges66A | - | €2,777 | - | - | - | - |
| Gross operating margin9900 | €100,588 | €56,348 | €86,800 | €89,160 | €73,964 | ▼ 17.0% |
| Operating profit (loss)9901 | €15,185 | -€19,375 | €9,997 | €18,698 | -€5,450 | ▼ 129% |
| Financial income75/76B | - | €1,257 | €2,589 | €253 | €8 | ▼ 96.9% |
| Recurring financial income75 | - | €1,257 | €2,589 | €253 | €8 | ▼ 96.9% |
| Financial charges65/66B | €10,889 | €10,675 | €7,818 | €9,053 | €12,649 | ▲ 39.7% |
| Recurring financial charges65 | €10,889 | €10,675 | €7,818 | €9,053 | €12,649 | ▲ 39.7% |
| Profit (loss) for the period before taxes9903 | €4,296 | -€28,793 | €4,767 | €9,898 | -€18,091 | ▼ 283% |
| Income taxes67/77 | €675 | €205 | €209 | €1,303 | €553 | ▼ 57.6% |
| Profit (loss) for the period9904 | €3,621 | -€28,997 | €4,558 | €8,595 | -€18,644 | ▼ 317% |
| Profit (loss) for the period to be appropriated9905 | €3,621 | -€28,997 | €4,558 | €8,595 | -€18,644 | ▼ 317% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €406,862 | €370,999 | €327,671 | €306,132 | €281,533 | ▼ 8.0% |
| Fixed assets21/28 | €240,284 | €223,645 | €186,785 | €154,944 | €119,818 | ▼ 22.7% |
| Intangible fixed assets21 | €1,692 | €846 | - | - | - | - |
| Tangible fixed assets22/27 | €238,384 | €222,591 | €186,577 | €154,736 | €119,610 | ▼ 22.7% |
| Land and buildings22 | €229,849 | €200,073 | €170,297 | €143,935 | €113,983 | ▼ 20.8% |
| Furniture and vehicles24 | €7,653 | €22,077 | €16,280 | €10,801 | €5,627 | ▼ 47.9% |
| Other tangible fixed assets26 | €883 | €442 | €0 | - | - | - |
| Financial fixed assets28 | €208 | €208 | €208 | €208 | €208 | = |
| Current assets29/58 | €166,578 | €147,354 | €140,886 | €151,188 | €161,715 | ▲ 7.0% |
| Stocks and contracts in progress3 | €120,318 | €133,480 | €127,774 | €136,987 | €144,189 | ▲ 5.3% |
| Stocks30/36 | €120,318 | €133,480 | €127,774 | €136,987 | €144,189 | ▲ 5.3% |
| Amounts receivable within one year40/41 | €29,701 | €5,795 | €7,725 | €4,697 | €8,645 | ▲ 84.1% |
| Trade receivables40 | €24,666 | - | €1,934 | - | €1,439 | - |
| Other amounts receivable41 | €5,035 | €5,795 | €5,791 | €4,697 | €7,206 | ▲ 53.4% |
| Current investments50/53 | - | €35 | - | - | - | - |
| Cash at bank and in hand54/58 | €15,987 | €5,587 | €1,270 | €9,172 | €3,685 | ▼ 59.8% |
| Deferred charges and accrued income490/1 | €572 | €2,457 | €4,117 | €332 | €5,196 | ▲ 1,464% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €406,862 | €370,999 | €327,671 | €306,132 | €281,533 | ▼ 8.0% |
| Equity10/15 | €72,502 | €43,505 | €48,063 | €56,658 | €38,015 | ▼ 32.9% |
| Contributions10/11 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Outside capital11 | €70,000 | €70,000 | €70,000 | - | - | - |
| Other1109/19 | €70,000 | €70,000 | €70,000 | - | - | - |
| Reserves13 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Distributable reserves133 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€7,498 | -€36,495 | -€31,937 | -€23,342 | -€41,985 | ▼ 79.9% |
| Amounts payable17/49 | €334,360 | €327,494 | €279,608 | €249,473 | €243,518 | ▼ 2.4% |
| Amounts payable after more than one year17 | €90,128 | €50,443 | €8,715 | - | €61,140 | - |
| Financial debts170/4 | €90,128 | €50,443 | €8,715 | - | €61,140 | - |
| Amounts payable within one year42/48 | €237,880 | €270,944 | €270,394 | €249,183 | €182,088 | ▼ 26.9% |
| Current portion of amounts payable after more than one year42 | €43,444 | €45,195 | €47,242 | €14,229 | €19,373 | ▲ 36.2% |
| Financial debts43 | €105,508 | €100,000 | €100,000 | €100,000 | €20,306 | ▼ 79.7% |
| Credit institutions430/8 | €105,508 | €100,000 | €100,000 | €100,000 | €20,306 | ▼ 79.7% |
| Trade debts44 | €17,936 | €37,591 | €23,264 | €21,729 | €35,957 | ▲ 65.5% |
| Suppliers440/4 | €17,936 | €37,591 | €23,264 | €21,729 | €35,957 | ▲ 65.5% |
| Taxes, remuneration and social security45 | €23,832 | €13,353 | €13,567 | €13,961 | €20,729 | ▲ 48.5% |
| Taxes450/3 | €7,559 | €481 | €3,047 | €2,075 | €4,306 | ▲ 108% |
| Remuneration and social security454/9 | €16,273 | €12,873 | €10,520 | €11,886 | €16,423 | ▲ 38.2% |
| Other amounts payable47/48 | €47,160 | €74,804 | €86,321 | €99,264 | €85,723 | ▼ 13.6% |
| Accrued charges and deferred income492/3 | €6,351 | €6,108 | €500 | €291 | €291 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,621 | -€28,997 | €4,558 | €8,595 | -€18,644 | ▼ 317% |
| + Depreciation and write-downs630 | €35,675 | €36,938 | €36,860 | €35,405 | €35,126 | ▼ 0.8% |
| Operating cash flow (approximation) | €39,296 | €7,941 | €41,418 | €44,001 | €16,483 | ▼ 62.5% |
| Investment in fixed assets (approximation) | - | -€20,299 | €0 | -€3,564 | €0 | ▲ 100% |
| Change in cash | - | -€10,400 | -€4,317 | €7,902 | -€5,487 | ▼ 169% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 64 days late
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €4,558
Net result €4,558 after one loss-making year.
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 15 days late
2022
30-09
Financial
Weakest financial yearnet -€28,997
Net result drops to -€28,997, the lowest in the series; recovery starts the following year.
20-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 20 days late
2021
30-09
Financial
Back to profitnet €3,621
Net result €3,621 after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Highest result since 2018net €11,285 ▲475%
Operating result €33,378, net result €11,285, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Sivry-Rance · 1 establishment unit since 2009
Ground area
6,830 m²
Building footprint
1,257 m²
Volume, LiDAR
759 m³
2 parcels, Wallonia · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TROC.COM
since 20092.173.668.941
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93014B0179/00H000 | Wallonia | 4,562 m² | 1 · 1,160 m² | - |
| 56072G0200/02E002 | Wallonia | 2,268 m² | 1 · 97 m² | 9.2 m · 3 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 911 companies in sector 47793 we hold annual accounts for 162. 120 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
Founded26-09-2008
Fiscal year end30-09
Activities, NACEBEL 2025
47793Retail sale of other second-hand goods, excluding clothing
46150Agents in the wholesale of furniture, household goods and hardware
46431Wholesale of electrical household appliances and audio-video equipment
46474Wholesale trade
46494Wholesale of non-electrical household articles
46500Wholesale of information and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806648040
Also
9925:BE0806648040
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.