ELIET

Active

Public limited companyfounded 1988active for 38 yearsZwevegemstraat(O) 136, 8553 Zwevegem, BelgiumKBO/BCE: BE 0434.780.526

Summary

ELIET has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.5m and a net result of €1.2m. Equity is growing by about 8.7% per year across the filed financial years. Its solvency ranks better than 84% of 383 sector peers (NACE 28, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

ELIETActiveChecked score 97/100

Risk analysis Report Compare

Activity

Manufacture of machinery and equipment not elsewhere classified

NACE 28300

3rd largest company by equity in Zwevegem, Manufacturing sector1 site

Size

€7.1mturnover 2025

Staff: 36.1 FTE
Equity: €13.5m
Profit: €1.2m

Net result +111%: 6-month year

Financial health

97 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: < 0.1%

Structure

Parent: FELTRON · 99.92%

FELTRONDirector

2025 accounts 1 day early1 of 2 deeds summarised

Why 97lowers riskLiquidity: current ratio 3.26, cash €3.7mFounded in 1988Equity €13.5m (68.1% of total assets)Size: turnover €7.1m, 36.1 FTE, total assets €19.8mShow the evidence

Checked score

Score 2025

97 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 80% of its sector peers (NACE 25, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 93-7

equity 68.1% of total assets

Liquidity 63-19

short-term debt 27.2% · cash 18.9%

Profitability 84+11

return on assets 6.1%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (749 companies, NACE 25, small)

Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025lowest value 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: 0.1%▲ +0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025highest value 10-2025: < 0.1%▼ -0.1 percentage points vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026

Credit of up to €700,000 on 30-day terms is acceptable

Liquidity ample (current ratio 3.26, compared with 9.54 in 2024, above the usual 1.5; short-term debt: 27.2% and cash: 18.9% of total assets), and 31.9% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 25, small): better than 80% on solvency, 77% on liquidity and 82% on profitability.

The bankruptcy probability was computed on 24-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.

lowers riskneutral

Liquidity: current ratio 3.26, cash €3.7m

NBB · annual accounts

Founded in 1988

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Equity €13.5m (68.1% of total assets)

NBB · annual accounts

Size: turnover €7.1m, 36.1 FTE, total assets €19.8m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

1 day early

2024

29 days late

2023

33 days early

2022

31 days early

2021

18 days early

2020

33 days early

2019

17 days early

← 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 15 days before the deadline; the sector median (NACE 28) for financial year 2024 is 11 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

30-01-2026 Annual accounts filedfinancial year 2025 · full…
29-08-2025 Annual accounts filedfinancial year 2024 · full…
28-08-2025 Permanent representatives: LIETAER Emiel and LIETAER…Resignations: FELTRON (director) and LIETAER…

Key points

Result rose in 20256-month financial year ▲ 111% View
Positive: 3rd largest company by equity in Zwevegem, Manufacturing sectorin the Checked rankings No. 3 View
Positive: 8 profitable years in a rowprofit 2025: €1.2m 8 years View
Controlled by FELTRON 99.92% View

By topic

Financials

Financial year: 2025
Turnover: €7.1m
Profit: €1.2m
Solvency: 68.1%

Turnover▼ 33.2%

Net result

20202025

Go to Financials

Board & ownership

Board: 1 member
Parent: FELTRON · 99.92%

FELTRONDirector

Go to Board & ownership

Network & group

Connected companies: 1

Go to Network & group

Timeline

Events: 40
Since: 1990

28-06-2024Annual accounts filed
30-06-2023Annual accounts filed
13-07-2022Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Manufacture of machinery and equipment not elsewhere classifiedNACE 28300
Founded: 13-07-1988
Year ends: 30-06
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 14

Who signs: A managing director alone
Annual meeting: Last Friday of December at 14:00
Purpose: “1. De aankoop, verkoop en distributie van artikelen met betrekking tot tuinonderhoud…” (deed in Dutch)

Go to Articles of association

Key facts about ELIET

What is the company number of ELIET?: 0434.780.526. In Belgium the VAT number is the company number with BE in front: BE 0434.780.526.
Where is ELIET based?: The registered office is at Zwevegemstraat(O) 136, 8553 Zwevegem.Company details
What does ELIET do?: According to the KBO register, the main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28300).
What is the legal form of ELIET?: Public limited company (NV).
When was ELIET founded?: On 13-07-1988.
Is ELIET still active?: Yes, ELIET is an active enterprise in the KBO register.
How many employees does ELIET have?: On average 36.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of ELIET?: €7.1m in financial year 2025, according to the filed annual accounts.
Is ELIET profitable?: In financial year 2025, ELIET made a profit of €1.2m.
Where can I find the annual accounts of ELIET?: ELIET filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.