Liquidity
Short-term debts fell from €9,838 to €4,500.
Short-term debts fell from €9,838 to €4,500.
The 2020 accounts came latest: 58 days after the end of the period.
Less equity than 84% of companies in specialised construction. Sector median €57,762 · 35,072 companies.
The dashed line is the sector median: 0.7% across 47,692 companies (NACE 43, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 72% of them on solvency, 30% on liquidity, 27% on profitability and 59% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 34,693 companies had the same profile as ELIBAT CONSTRUCT has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of ELIBAT CONSTRUCT itself: 0.7% within 12 months.
The method was tested on the 497,447 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 34,693 companies, not a prediction for ELIBAT CONSTRUCT. 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.
Liquidity is ample, with a current ratio of 2.98 (1.8 in 2024), above the usual 1.5. Short-term debt is 33.6% and cash 4.6% of total assets. 33.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 32 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| ELIBAT CONSTRUCT Anderlecht | €13,403 | €1,046 | 66.4% | - |
| UC-Tech Oudsbergen | €12,874 | -€2,655 | 20.4% | - |
| ELEKTRICITEITSWERKEN STEVEN JANSSENS Sint-Katelijne-Waver | €16,233 | -€1,956 | -20.2% | - |
| SEDELA Duffel | €15,210 | -€2,961 | -669.8% | - |
| PH DECOR Charleroi | €17,816 | -€130 | 72.6% | - |
| IMSéCO Asse | €9,983 | -€5,107 | -21.1% | - |
| ML - PROJECTEN Mechelen | €19,525 | €362 | 100.0% | - |
These companies have the same main activity as ELIBAT CONSTRUCT: other construction installation (NACE 43240). They are comparable in size and age: total assets between €9,980 and €19,500, founded between 2009 and 2016.
ELIBAT CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €2,521 in 2015 to €1,046 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 72% of 35,060 companies in 2025.
Higher than 71% of 34,437 companies in 2025.
Higher than 51% of 34,637 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2018 | 2017 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
Total assets20/58 |
13,403 | 17,722 | 6,534 | 4,203 | 7,579 | 15,806 | 16,878 | 8,550 | 5,888 | |
Fixed assets21/28 |
- | - | - | - | 450 | 2,875 | 821 | 342 | 1,467 | |
Tangible fixed assets22/27 |
- | - | - | - | 450 | 2,875 | 821 | 342 | 1,467 | |
Plant, machinery and equipment23 |
- | - | - | - | - | - | 821 | 342 | - | |
Furniture and vehicles24 |
- | - | - | - | 450 | 2,875 | - | - | 1,467 | |
Current assets29/58 |
13,403 | 17,722 | 6,534 | 4,203 | 7,129 | 12,931 | 16,057 | 8,207 | 4,421 | |
Amounts receivable within one year40/41 |
12,793 | 17,722 | 3,716 | 3,321 | 6,777 | 11,564 | 14,551 | 7,957 | 4,405 | |
Trade receivables40 |
- | - | - | - | - | 3,180 | 12,952 | 7,957 | 3,500 | |
Other amounts receivable41 |
12,793 | 17,722 | 3,716 | 3,321 | 6,777 | 8,384 | 1,599 | - | 905 | |
Cash at bank and in hand54/58 |
611 | - | 2,818 | 882 | 351 | 1,368 | 1,165 | - | 16 | |
Deferred charges and accrued income490/1 |
- | - | - | - | - | - | 342 | 251 | - | |
| Balance sheet: equity and liabilities | ||||||||||
Total equity and liabilities10/49 |
13,403 | 17,722 | 6,534 | 4,203 | 7,579 | 15,806 | 16,878 | 8,550 | 5,888 | |
Equity10/15 |
8,903 | 7,884 | 2,034 | -347 | 2,536 | 3,258 | 1,814 | 1,682 | 538 | |
Contributions10/11 |
100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | |
Issued capital100 |
- | - | - | - | - | 100 | 100 | 100 | 100 | |
Reserves13 |
1,632 | 1,632 | 1,632 | 1,632 | 1,632 | 1,632 | 1,632 | 1,582 | - | |
Non-distributable reserves130/1 |
1,632 | 1,632 | 1,632 | 1,632 | 1,632 | 450 | - | - | - | |
Legal reserve130 |
- | - | - | - | - | 450 | 450 | 400 | - | |
Reserves not available under the articles1311 |
1,632 | 1,632 | 1,632 | 1,632 | 1,632 | - | - | - | - | |
Distributable reserves133 |
- | - | - | - | - | 1,182 | 1,182 | 1,182 | - | |
Profit (loss) carried forward14 |
7,171 | 6,151 | 302 | -2,079 | 804 | 1,525 | 82 | - | 438 | |
Amounts payable17/49 |
4,500 | 9,838 | 4,500 | 4,550 | 5,043 | 12,549 | 15,064 | 6,868 | 5,349 | |
Amounts payable within one year42/48 |
4,500 | 9,838 | 4,500 | 4,550 | 5,043 | 12,549 | 15,064 | 6,868 | 5,349 | |
Financial debts43 |
- | 5,338 | - | - | - | - | - | 1,216 | - | |
Credit institutions430/8 |
- | 5,338 | - | - | - | - | - | 1,216 | - | |
Trade debts44 |
- | - | - | - | 543 | 8,049 | - | - | 617 | |
Suppliers440/4 |
- | - | - | - | 543 | 8,049 | - | - | 617 | |
Advances received on contracts in progress46 |
- | - | - | - | - | - | 4,990 | 5,402 | - | |
Taxes, remuneration and social security45 |
- | - | - | - | - | - | 314 | 250 | 320 | |
Taxes450/3 |
- | - | - | - | - | - | 314 | 250 | 320 | |
Other amounts payable47/48 |
4,500 | 4,500 | 4,500 | 4,550 | 4,500 | 4,500 | 9,760 | - | 4,412 | |
| Income statement | ||||||||||
Turnover70 |
- | - | - | - | 73,750 | 40,125 | - | - | 47,370 | |
Non-recurring operating income76A |
- | - | - | - | - | 100 | - | - | - | |
Gross operating margin9900 |
1,046 | 6,052 | 2,890 | -2,564 | 1,859 | 14,721 | 1,248 | 2,270 | 2,521 | |
Goods, raw materials, services and sundry goods60/61 |
- | - | - | - | 71,891 | 27,504 | - | - | 44,848 | |
Remuneration, social security and pensions62 |
- | - | - | - | - | 55 | - | - | 120 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
- | - | - | 450 | 2,425 | 3,019 | 227 | 819 | 733 | |
Other operating charges640/8 |
- | 394 | 559 | 344 | 375 | 1,113 | 475 | 847 | 870 | |
Operating profit (loss)9901 |
1,046 | 5,658 | 2,331 | -3,358 | -940 | 10,535 | 546 | 604 | 798 | |
Financial income75/76B |
562 | 644 | 174 | 574 | 338 | 663 | 4 | - | - | |
Recurring financial income75 |
562 | 644 | 174 | 574 | 338 | 663 | 4 | - | - | |
Financial charges65/66B |
588 | 452 | 124 | 99 | 120 | 110 | 320 | 290 | 39 | |
Recurring financial charges65 |
588 | 452 | 124 | 99 | 120 | 110 | 320 | 290 | 39 | |
Profit (loss) for the period before taxes9903 |
1,020 | 5,849 | 2,381 | -2,883 | -722 | 11,089 | 230 | 315 | 759 | |
Income taxes67/77 |
- | - | - | - | - | - | 98 | 197 | 320 | |
Profit (loss) for the period9904 |
1,020 | 5,849 | 2,381 | -2,883 | -722 | 11,089 | 132 | 118 | 438 | |
Profit (loss) for the period to be appropriated9905 |
1,020 | 5,849 | 2,381 | -2,883 | -722 | 11,089 | 132 | 118 | 438 | |
| Appropriation of the result | ||||||||||
Profit (loss) to be appropriated9906 |
7,171 | 6,151 | 302 | -2,079 | 804 | 6,025 | 132 | 1,582 | 438 | |
Profit (loss) brought forward from the previous period14P |
6,151 | 302 | -2,079 | 804 | 1,525 | - | - | - | - | |
Transfer to equity691/2 |
- | - | - | - | - | - | 50 | 1,582 | - | |
To the legal reserve6920 |
- | - | - | - | - | - | 50 | 400 | - | |
To other reserves6921 |
- | - | - | - | - | - | - | 1,182 | - | |
Profit to be distributed694/7 |
- | - | - | - | - | 4,500 | - | - | - | |
Directors or managers695 |
- | - | - | - | - | 4,500 | - | - | - | |
| Document | ||||||||||
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00495880.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00495880 | |
| 31-12-2024 | micro format | 23-09-2025 | 2025-00501604 | |
| 31-12-2023 | micro format | 20-08-2024 | 2024-00361411 | |
| 31-12-2022 | micro format | 06-08-2023 | 2023-00319974 | |
| 31-12-2021 | micro format | 23-08-2022 | 2022-20306693 | |
| 31-12-2020 | micro format | 27-09-2021 | 2021-68600196 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-61300273 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-60400443 | |
| 31-12-2015 | full format | 23-09-2016 | 2016-61600572 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2018 | 2017 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | - | - | - | -2,908 | 1,485 | 13,554 | 773 | 1,423 | 1,531 | |
| Cash flow | - | - | - | -2,433 | 1,703 | 14,108 | 358 | 937 | 1,172 | |
| Investment in fixed assets (approximation) | - | - | - | 0 | 0 | 5,300 | 705 | 428 | 2,200 | |
| Change in cash | - | - | 1,936 | 531 | -1,017 | - | - | - | - | |
| Working capital | 8,903 | 7,884 | 2,034 | -347 | 2,086 | 383 | 993 | 1,340 | -928 | |
| EBIT margin | - | - | - | - | -1.3% | 26.3% | - | - | 1.7% | |
| Solvency | 66.4% | 44.5% | 31.1% | - | 33.5% | 20.6% | 10.7% | 19.7% | 9.1% | |
| Current ratio | 2.98 | 1.80 | 1.45 | - | 1.41 | 1.03 | 1.07 | 1.20 | 0.83 | |
| Debt to equity | 0.51 | 1.25 | 2.21 | - | 1.99 | 3.85 | 8.30 | 4.08 | - | |
| ROE | 11.5% | 74.2% | 117.1% | - | -28.5% | 340.4% | 7.3% | 7.0% | - | |
| ROA | 7.6% | 33.0% | 36.4% | - | -9.5% | 70.2% | 0.8% | 1.4% | 7.4% | |
| Interest coverage | - | - | - | -29.45 | 12.41 | - | - | - | - | |
| Customer credit | - | - | - | - | 34 days | 29 days | - | - | 27 days | |
| Supplier credit | - | - | - | - | 3 days | 107 days | - | - | 5 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2025 is 82% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total falls from 55.5% to 33.6%. Equity is higher and debt is lower.
ELIBAT CONSTRUCT has no parent and no holdings in its annual accounts. BISTRIAN Eliodor is the only director. ELIBAT CONSTRUCT shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Van Souststraat 439 registered office 1070 Anderlecht | ||
| Van Souststraat 441 1070 Anderlecht | 07-02-2014 | 2.229.143.637 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21302A0026/00N004 | 183 m² | 1 · 60 m² | 11.0 m · 3 |
| 21302A0026/00A004 | 163 m² | 1 · 60 m² | 13.2 m · 4 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0545.871.755
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