Elies
ActiveElies has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €373k and a net result of €11k. Equity is growing by ~56.6% per year across the filed fiscal years. Its solvency ranks better than 62% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability44▼-56
Solvency71▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.75 against 2.35 in 2024; short-term debt: 13.5% and cash: 14.3% of total assets), but 54.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.6%
Return on assets
1.3%
Age of the figures
9 mo
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
27 d early
2023
49 d early
2022
25 d early
2021
60 d early
2020
25 d late
2019
31 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€373k▲ 2.9%
2024 · €363k
2018: €-69k
2019: €-29k
2020: €56k
2021: €94k
2022: €126k
2023: €145k
2024: €363k
2018 → 2025
Total assets
€819k▼ 1.9%
2024 · €835k
2018: €391k
2019: €407k
2020: €768k
2021: €607k
2022: €707k
2023: €685k
2024: €835k
2018 → 2025
Net result
€11k▼ 95.1%
2024 · €218k
2018: €59k
2019: €40k
2020: €86k
2021: €37k
2022: €32k
2023: €19k
2024: €218k
2018 → 2025
Working capital
€193k▲ 18.2%
2024 · €164k
2018: €49k
2019: €-24k
2020: €70k
2021: €-48k
2022: €-56k
2023: €-35k
2024: €164k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€94k-€126k▲ 33.9%€145k▲ 15.3%€363k▲ 150%€373k▲ 2.9%
Operating result€43k-€36k▼ 16.0%€41k▲ 12.2%€317k▲ 679%€47k▼ 85.2%
Net result€37k-€32k▼ 14.9%€19k▼ 39.5%€218k▲ 1,030%€11k▼ 95.1%
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 2025; 2025 is 85% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €819k
Fixed assets
€515k▼ 6.4%
Current assets
€304k▲ 6.7%
Equity and liabilities €819k
Equity
€373k▲ 2.9%
Debt
€445k▼ 5.6%
The debt ratio falls from 56.5% to 54.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€82k▼
2024 · €352k
Cash flow
€45k▼
2024 · €253k
Solvency
45.6%▲
2024 · 43.5%
Current ratio
2.75▲
2024 · 2.35
Quick ratio
2.43▲
2024 · 2.06
Debt / equity
1.19▼
2024 · 1.30
ROE
2.8%▼
2024 · 60.0%
ROA
1.3%▼
2024 · 26.1%
Interest coverage
2.88▼
2024 · 23.75
Debt
€445k▼
2024 · €472k
Debt ≤ 1 year
€111k▼
2024 · €121k
Debt > 1 year
€313k▼
2024 · €343k
Income taxes
€8k▼
2024 · €85k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€835k€819k▼
Fixed assets21/28€550k€515k▼
Tangible fixed assets22/27€549k€514k▼
Land and buildings22€540k€508k▼
Plant, machinery and equipment23€9k€6k▼
Financial fixed assets28€550€550=
Current assets29/58€285k€304k▲
Stocks and contracts in progress3€35k€35k=
Stocks30/36€35k€35k=
Amounts receivable within one year40/41€39k€146▼
Trade receivables40€26k€0▼
Other amounts receivable41€13k€146▼
Current investments50/53-€150k
Cash at bank and in hand54/58€208k€117k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€835k€819k▼
Equity10/15€363k€373k▲
Contributions10/11€19k€19k=
Reserves13€344k€355k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€344k€355k▲
Amounts payable17/49€472k€445k▼
Amounts payable after more than one year17€343k€313k▼
Financial debts170/4€343k€313k▼
Amounts payable within one year42/48€121k€111k▼
Current portion of amounts payable after more than one year42€30k€30k=
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€8k€7k▼
Other amounts payable47/48€82k€70k▼
Accrued charges and deferred income492/3€8k€22k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€35k▲
Other operating charges640/8€2k€4k▲
Gross operating margin9900€354k€86k▼
Operating profit (loss)9901€317k€47k▼
Financial income75/76B€155€3▼
Recurring financial income75€155€3▼
Financial charges65/66B€15k€28k▲
Recurring financial charges65€15k€28k▲
Profit (loss) for the period before taxes9903€302k€18k▼
Income taxes67/77€85k€8k▼
Profit (loss) for the period9904€218k€11k▼
Profit (loss) for the period to be appropriated9905€218k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€218k€11k▼
Transfer to equity691/2€218k€11k▼
To other reserves6921€218k€11k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €11k ▼95.1%
Net result drops to €11k, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €218k ▲1030%
Operating result €317k, net result €218k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.35
Current ratio from 0.78 to 2.35; short-term debt falls from €162k to €121k.
31-12
Financial
Equity above €200kEq €363k ▲150%
7 profitable years in a row build equity to €363k.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €126k ▲33.9%
5 profitable years in a row build equity to €126k.
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Kortrijk · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint-Maartenskerkhof(Kor) 38500 KortrijkGround area
51 m²
Building footprint
51 m²
Volume, LiDAR
585 m³
Parcel 34353H0251/05B000, Flanders · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Elies
since 20132.223.957.996
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353H0251/05B000 | Flanders | 50 m² | 1 · 50 m² | 16.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MAGDAL
BE 0473.821.442
Nazareth-De Pinte · Eq €373k
DSP Kortenberg
BE 0786.523.411
Haacht · Eq €373k
DYBO
BE 0827.679.125
Aalst · Eq €374k
QUALITY RENOVATIE
BE 0776.532.312
Zulte · Eq €372k
DORPSHART
BE 0895.717.695
Roeselare · Eq €375k
Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 4,997 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-10-2013
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.