ELIMAR
InactiveELIMAR was declared bankrupt on 04-08-2017 (Rechtbank van koophandel Gent, afdeling Oudenaarde); the bankruptcy was closed for insufficient assets, published in the Belgian State Gazette on 02-05-2025.
Summary
Inactive; last annual accounts for fiscal year 2016.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Filed more than 90 days late
The financial year that closed on 29-02-2016 was due by 30-09-2016 and was filed on 25-01-2017, 117 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2016
117 d late
2015
1 d early
2014
15 d early
2013
25 d late
2012
82 d late
2011
115 d late
2010
85 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2016, abbreviated schema
Equity
-€1.6m▼ 66.2%
2015 · -€989,180
Total assets
€1.1m▼ 23.8%
2015 · €1.4m
Net result
-€655,037▼ 207%
2015 · -€213,638
Working capital
-€1.8m▼ 22.8%
2015 · -€1.4m
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
Line20122013201420152016
Operating result-€332,791--€336,334▼ 1.1%-€165,345▲ 50.8%-€96,598▲ 41.6%-€393,000▼ 307%
Net result-€414,939--€424,596▼ 2.3%-€265,571▲ 37.5%-€213,638▲ 19.6%-€655,037▼ 207%
Equity-€85,375--€509,971▼ 497%-€775,542▼ 52.1%-€989,180▼ 27.5%-€1.6m▼ 66.2%
Total assets€1.8m-€1.6m▼ 10.4%€1.5m▼ 9.6%€1.4m▼ 5.0%€1.1m▼ 23.8%
Debt€1.9m-€2.1m▲ 12.5%€2.2m▲ 5.2%€2.4m▲ 6.3%€2.6m▲ 10.1%
Working capital-€774,777--€1.1m▼ 46.3%-€1.3m▼ 16.5%-€1.4m▼ 9.1%-€1.8m▼ 22.8%
Staff (FTE)28.8-20.4▼ 29.2%18.9▼ 7.4%15.8▼ 16.4%15.1▼ 4.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €393,000 in 2016 against €96,598 in 2015; the loss grows and 2016 has the lowest result in the available series.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €1.1m
Fixed assets
€301,735 ▼ 49.6%
Current assets
€756,453 ▼ 4.1%
Key figures and ratios
EBITDA
-€327,117▼
2015 · -€27,749
Cash flow
-€589,153▼
2015 · -€144,789
Solvency
-155.4%▼
2015 · -71.3%
Current ratio
0.30▼
2015 · 0.35
Quick ratio
0.11▼
2015 · 0.13
Debt to equity
-0.05▲
2015 · -0.12
ROA
-61.9%▼
2015 · -15.4%
Debt ≤ 1 year
€2.5m▲
2015 · €2.2m
Debt > 1 year
€85,747▼
2015 · €123,375
Income taxes
€192▼
2015 · €212
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €77,942 | €75,126 | €73,197 | €68,849 | €65,883 | ▼ 4.3% |
| Gross operating margin9900 | €608,362 | €411,019 | €518,613 | €542,120 | €301,566 | ▼ 44.4% |
| Operating profit (loss)9901 | -€332,791 | -€336,334 | -€165,345 | -€96,598 | -€393,000 | ▼ 307% |
| Recurring financial income75 | €2,706 | €1,932 | €2,907 | €844 | €1,675 | ▲ 98.5% |
| Recurring financial charges65 | €32,555 | €38,933 | €56,267 | €66,660 | €8,855 | ▼ 86.7% |
| Profit (loss) for the period before taxes9903 | -€413,552 | -€424,248 | -€265,238 | -€213,426 | -€654,844 | ▼ 207% |
| Income taxes67/77 | €1,386 | €348 | €333 | €212 | €192 | ▼ 9.1% |
| Profit (loss) for the period9904 | -€414,939 | -€424,596 | -€265,571 | -€213,638 | -€655,037 | ▼ 207% |
| Profit (loss) for the period to be appropriated9905 | -€414,939 | -€424,596 | -€265,571 | -€213,638 | -€655,037 | ▼ 207% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.6m | €1.5m | €1.4m | €1.1m | ▼ 23.8% |
| Fixed assets21/28 | €954,489 | €841,482 | €718,189 | €598,965 | €301,735 | ▼ 49.6% |
| Tangible fixed assets22/27 | €417,013 | €353,435 | €280,238 | €211,389 | €168,463 | ▼ 20.3% |
| Financial fixed assets28 | €537,476 | €488,047 | €437,951 | €387,577 | €133,272 | ▼ 65.6% |
| Current assets29/58 | €850,485 | €774,987 | €742,461 | €789,198 | €756,453 | ▼ 4.1% |
| Stocks and contracts in progress3 | €549,106 | €474,385 | €490,893 | €490,835 | €471,894 | ▼ 3.9% |
| Amounts receivable within one year40/41 | €173,121 | €218,670 | €240,778 | €249,825 | €238,176 | ▼ 4.7% |
| Current investments50/53 | €924 | €934 | €941 | €945 | - | - |
| Cash at bank and in hand54/58 | €89,865 | €42,596 | €9,848 | €47,593 | €46,383 | ▼ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.6m | €1.5m | €1.4m | €1.1m | ▼ 23.8% |
| Equity10/15 | -€85,375 | -€509,971 | -€775,542 | -€989,180 | -€1.6m | ▼ 66.2% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €498,055 | €498,055 | €498,055 | €498,055 | €498,055 | = |
| Profit (loss) carried forward14 | -€683,430 | -€1.1m | -€1.4m | -€1.6m | -€2.2m | ▼ 41.3% |
| Provisions and deferred taxes16 | - | - | - | - | €85,804 | - |
| Amounts payable17/49 | €1.9m | €2.1m | €2.2m | €2.4m | €2.6m | ▲ 10.1% |
| Amounts payable after more than one year17 | €257,449 | €209,006 | €163,532 | €123,375 | €85,747 | ▼ 30.5% |
| Amounts payable within one year42/48 | €1.6m | €1.9m | €2.1m | €2.2m | €2.5m | ▲ 13.3% |
| Trade debts44 | €1.3m | €1.7m | €1.9m | €2.1m | €2.4m | ▲ 15.0% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€414,939 | -€424,596 | -€265,571 | -€213,638 | -€655,037 | ▼ 207% |
| + Depreciation and write-downs630 | €77,942 | €75,126 | €73,197 | €68,849 | €65,883 | ▼ 4.3% |
| Operating cash flow (approximation) | -€336,997 | -€349,470 | -€192,374 | -€144,789 | -€589,153 | ▼ 307% |
| Investment in fixed assets (approximation) | - | €37,881 | €50,096 | €50,374 | €231,347 | ▲ 359% |
| Change in cash | - | -€47,269 | -€32,748 | €37,745 | -€1,210 | ▼ 103% |
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
2025
02-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Oudenaarde
2017
09-08
Bankruptcy
Opening
Rechtbank van koophandel Gent, afdeling Oudenaarde · event 04-08-2017
25-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 117 days late
2016
29-02
Financial
Weakest financial yearnet -€655,037
Net result drops to -€655,037, the lowest in the series.
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
15-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
25-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 25 days late
2012
21-12
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 82 days late
23-01
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 115 days late
2010
24-12
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 85 days late
2009
28-12
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 89 days late
21-01
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema · 113 days late
2008
07-04
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema · 190 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Mr COPPENS KATIE EINESTRAAT 34, 9700 OUDENAARDE |
04-08-2017 → 02-05-2025 |
Structure & network
Owners and holdings
1 ownerOwners 1
- Sourceaccounts Bema 20240.25%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.