Elidi
ActiveSummary
Elidi has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €252,244 and a net result of -€10,136. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 89% of 1577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-9
Solvency100▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 3.42 against 2.85 in 2024; short-term debt: 20.9% and cash: 61.4% of total assets), and 20.9% of the assets are financed with debt.
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Signals
Four 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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-05-2026, 84 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
84 d early
2024
24 d early
2023
8 d early
2022
4 d early
2021
6 d early
2020
2 d early
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 18 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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 24 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€252,244▼ 3.9%
2024 · €262,380
Total assets
€318,759▼ 9.7%
2024 · €353,125
Net result
-€10,136
2024 · €15,962
Working capital
€160,690▲ 2.4%
2024 · €156,879
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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
Operating result€24,045€35,812▲ 48.9%€24,369▼ 32.0%€25,149▲ 3.2%-€8,166
Net result€18,497within the sector's middle half€26,063above the sector's middle half▲ 40.9%€16,281within the sector's middle half▼ 37.5%€15,962within the sector's middle half▼ 2.0%-€10,136below the sector's middle half
Equity€257,596above the sector's middle half▲ 7.2%€282,485above the sector's middle half▲ 9.7%€247,592above the sector's middle half▼ 12.4%€262,380above the sector's middle half▲ 6.0%€252,244above the sector's middle half▼ 3.9%
Total assets€389,223above the sector's middle half▲ 3.7%€352,987within the sector's middle half▼ 9.3%€351,576within the sector's middle half▼ 0.4%€353,125within the sector's middle half▲ 0.4%€318,759within the sector's middle half▼ 9.7%
Debt€131,627▼ 2.5%€70,503▼ 46.4%€103,985▲ 47.5%€90,745▼ 12.7%€66,515▼ 26.7%
Working capital€80,407above the sector's middle half▲ 33.4%€112,863above the sector's middle half▲ 40.4%€94,448above the sector's middle half▼ 16.3%€156,879above the sector's middle half▲ 66.1%€160,690above the sector's middle half▲ 2.4%
Solvency66.2%above the sector's middle half▲ 2.2pp80.0%above the sector's middle half▲ 13.8pp70.4%above the sector's middle half▼ 9.6pp74.3%above the sector's middle half▲ 3.9pp79.1%above the sector's middle half▲ 4.8pp
Current ratio1.85within the sector's middle half▲ 0.243.39above the sector's middle half▲ 1.542.04within the sector's middle half▼ 1.342.85above the sector's middle half▲ 0.803.42above the sector's middle half▲ 0.57
Return on assets (ROA)4.8%within the sector's middle half▲ 6.6pp7.4%within the sector's middle half▲ 2.6pp4.6%within the sector's middle half▼ 2.8pp4.5%within the sector's middle half▼ 0.1pp-3.2%below the sector's middle half▼ 7.7pp
Staff (FTE)6.1▲ 48.8%5.6▼ 8.2%4.8▼ 14.3%4.4▼ 8.3%3.2▼ 27.3%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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 turns negative in 2025: a loss of €8,166 after €25,149 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €318,759
Fixed assets
€91,554 ▼ 17.7%
Current assets
€227,205 ▼ 6.1%
Equity and liabilities €318,759
Equity
€252,244 ▼ 3.9%
Debt
€66,515 ▼ 26.7%
Debt's share of the balance-sheet total falls from 25.7% to 20.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€19,845▼
2024 · €51,517
Cash flow
€17,875▼
2024 · €42,330
Quick ratio
3.23▲
2024 · 2.69
Debt to equity
0.26▼
2024 · 0.35
ROE
-4.0%▼
2024 · 6.1%
Interest coverage
10.07▼
2024 · 10.19
Debt ≤ 1 year
€66,515▼
2024 · €85,014
Staff costs
€35,556▼
2024 · €62,244
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 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% | 1.7% |
| 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 75% 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 12,321 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 | €138,671 | €125,405 | €73,054 | €62,244 | €35,556 | ▼ 42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,059 | €49,925 | €41,720 | €26,368 | €28,010 | ▲ 6.2% |
| Other operating charges640/8 | €7,167 | €7,251 | €9,004 | €8,269 | €3,570 | ▼ 56.8% |
| Non-recurring operating charges66A | €4,299 | - | - | - | - | - |
| Gross operating margin9900 | €226,241 | €218,393 | €148,147 | €122,030 | €58,971 | ▼ 51.7% |
| Operating profit (loss)9901 | €24,045 | €35,812 | €24,369 | €25,149 | -€8,166 | ▼ 132% |
| Financial income75/76B | €1,314 | €1,233 | €1,204 | €1,180 | €0 | ▼ 100.0% |
| Recurring financial income75 | €1,314 | €1,233 | €1,204 | €1,180 | €0 | ▼ 100.0% |
| Financial charges65/66B | €6,485 | €4,915 | €3,438 | €5,056 | €1,970 | ▼ 61.0% |
| Recurring financial charges65 | €6,485 | €4,915 | €3,438 | €5,056 | €1,970 | ▼ 61.0% |
| Profit (loss) for the period before taxes9903 | €18,874 | €32,131 | €22,135 | €21,274 | -€10,136 | ▼ 148% |
| Income taxes67/77 | €377 | €6,068 | €5,854 | €5,311 | - | - |
| Profit (loss) for the period9904 | €18,497 | €26,063 | €16,281 | €15,962 | -€10,136 | ▼ 163% |
| Profit (loss) for the period to be appropriated9905 | €18,497 | €26,063 | €16,281 | €15,962 | -€10,136 | ▼ 163% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €389,223 | €352,987 | €351,576 | €353,125 | €318,759 | ▼ 9.7% |
| Fixed assets21/28 | €213,917 | €192,840 | €166,577 | €111,232 | €91,554 | ▼ 17.7% |
| Tangible fixed assets22/27 | €213,917 | €192,840 | €166,577 | €111,232 | €91,554 | ▼ 17.7% |
| Land and buildings22 | €135,124 | €138,655 | €131,904 | €89,566 | €84,316 | ▼ 5.9% |
| Plant, machinery and equipment23 | €20,429 | €14,704 | €9,061 | €7,814 | €4,986 | ▼ 36.2% |
| Furniture and vehicles24 | €9,712 | €2,429 | €160 | €0 | €0 | = |
| Leasing and similar rights25 | €48,652 | €37,052 | €25,452 | €13,852 | €2,252 | ▼ 83.7% |
| Current assets29/58 | €175,306 | €160,147 | €184,999 | €241,893 | €227,205 | ▼ 6.1% |
| Stocks and contracts in progress3 | €11,812 | €14,034 | €12,919 | €13,477 | €12,616 | ▼ 6.4% |
| Stocks30/36 | €11,812 | €14,034 | €12,919 | €13,477 | €12,616 | ▼ 6.4% |
| Amounts receivable within one year40/41 | €5,811 | €19,201 | €18,142 | €18,529 | €10,198 | ▼ 45.0% |
| Trade receivables40 | €2,889 | €5,841 | €3,590 | €3,744 | €3,284 | ▼ 12.3% |
| Other amounts receivable41 | €2,922 | €13,360 | €14,552 | €14,785 | €6,914 | ▼ 53.2% |
| Cash at bank and in hand54/58 | €148,622 | €120,148 | €145,027 | €203,615 | €195,650 | ▼ 3.9% |
| Deferred charges and accrued income490/1 | €9,060 | €6,765 | €8,911 | €6,272 | €8,740 | ▲ 39.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €389,223 | €352,987 | €351,576 | €353,125 | €318,759 | ▼ 9.7% |
| Equity10/15 | €257,596 | €282,485 | €247,592 | €262,380 | €252,244 | ▼ 3.9% |
| Contributions10/11 | €18,600 | €18,600 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €235,473 | €261,536 | €225,957 | €241,920 | €241,920 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €233,613 | €259,676 | €225,957 | €241,920 | €241,920 | = |
| Profit (loss) carried forward14 | €0 | - | - | - | -€10,136 | - |
| Investment grants15 | €3,523 | €2,348 | €1,174 | - | - | - |
| Amounts payable17/49 | €131,627 | €70,503 | €103,985 | €90,745 | €66,515 | ▼ 26.7% |
| Amounts payable after more than one year17 | €36,219 | €23,219 | €13,434 | €3,208 | - | - |
| Financial debts170/4 | €36,219 | €23,219 | €13,434 | €3,208 | - | - |
| Amounts payable within one year42/48 | €94,899 | €47,284 | €90,550 | €85,014 | €66,515 | ▼ 21.8% |
| Current portion of amounts payable after more than one year42 | €40,805 | €12,236 | €8,985 | €9,391 | €2,335 | ▼ 75.1% |
| Trade debts44 | €26,811 | €13,998 | €19,069 | €12,297 | €19,281 | ▲ 56.8% |
| Suppliers440/4 | €26,811 | €13,998 | €19,069 | €12,297 | €19,281 | ▲ 56.8% |
| Taxes, remuneration and social security45 | €26,938 | €20,493 | €11,609 | €16,536 | €7,949 | ▼ 51.9% |
| Taxes450/3 | €3,086 | €3,246 | €2,428 | €1,647 | €839 | ▼ 49.0% |
| Remuneration and social security454/9 | €23,852 | €17,247 | €9,181 | €14,889 | €7,110 | ▼ 52.3% |
| Other amounts payable47/48 | €345 | €557 | €50,886 | €46,789 | €36,950 | ▼ 21.0% |
| Accrued charges and deferred income492/3 | €509 | - | - | €2,523 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,497 | €26,063 | €16,281 | €15,962 | -€10,136 | ▼ 163% |
| + Depreciation and write-downs630 | €52,059 | €49,925 | €41,720 | €26,368 | €28,010 | ▲ 6.2% |
| Operating cash flow (approximation) | €70,556 | €75,988 | €58,002 | €42,330 | €17,875 | ▼ 57.8% |
| Investment in fixed assets (approximation) | - | -€28,848 | -€15,458 | €28,978 | -€8,332 | ▼ 129% |
| Change in cash | - | -€28,475 | €24,879 | €58,588 | -€7,964 | ▼ 114% |
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
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€10,136
Net result drops to -€10,136, the lowest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €18,497
Net result €18,497 after 2 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 65 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
26-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 148 days late
Financial 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, Bièvre · 1 establishment unit since 1993
Ground area
903 m²
Building footprint
150 m²
Parcel 91015B0281/00K000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue du Centre 11, 5555 Bièvre
since 19932.063.890.081
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91015B0281/00K000 | Wallonia | 903 m² | 1 · 150 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBièvre2.063.890.081
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Of 4,228 companies in sector 10712 we hold annual accounts for 1,874. 1,461 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
Founded03-09-1993
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
Contact
E-mail
boulangerie.martin@skynet.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450887375
Registered
23-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.