Elina
Open bankruptcyFrom the official registers: KBO 8 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2024, full format
Latest annual accounts filed
Annual accounts 2024
- Financial year ended
- 31-12-2024
- Filed on
- 28-07-2025
- Format
- full format
- Reference
- 2025-00317533
Equity
€5.0m▼ 3.2%
2023 · €5.2m
Net result
-€167,603▼ 58.9%
2023 · -€105,483
Total assets
€9.6m▲ 11.9%
2023 · €8.5m
Solvency
52.5%▼ 8.2pp
2023 · 60.7%
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result stays negative: a loss of €67,640 in 2024 against €127,048 in 2023; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€2.0m
2024
Operating result-€0.07m
2024
Net result-€0.2m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€9.6m
2024
Equity€5.0m
2024
Debt€4.5m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€2.3m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-1.8%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency52.5%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.19
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)3.5
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€1.9m€1.8m▼ 6.7%€2.0m▲ 11.7%€2.0m▲ 2.1%€1.8m▼ 11.4%€2.0m▲ 12.7%
Operating result€0.04m--€0.07m-€0.03m▲ 63.2%€0.2m-€0.003m-€0.1m▼ 4,232%-€0.07m▲ 46.8%
Net result€0.5m--€0.05m€0.2mwithin the sector's middle half€0.1mwithin the sector's middle half▼ 2.4%€0.04mwithin the sector's middle half▼ 76.4%-€0.1mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 58.9%
Equity€5.1m-€5.1m▼ 0.9%€5.1mwithin the sector's middle half▲ 1.0%€5.3mwithin the sector's middle half▲ 2.3%€5.3mwithin the sector's middle half▲ 0.7%€5.2mwithin the sector's middle half▼ 2.0%€5.0mwithin the sector's middle half▼ 3.2%
Total assets€7.9m-€8.4m▲ 6.9%€8.8mwithin the sector's middle half▲ 4.8%€8.8mwithin the sector's middle half▼ 0.4%€8.7mwithin the sector's middle half▼ 1.2%€8.5mwithin the sector's middle half▼ 1.7%€9.6mwithin the sector's middle half▲ 11.9%
Debt€2.8m-€3.3m▲ 21.5%€3.7m▲ 10.7%€3.5m▼ 4.3%€3.4m▼ 3.9%€3.4m▼ 1.3%€4.5m▲ 35.4%
Working capital-€0.3m--€0.8m▼ 134%-€0.8mbelow the sector's middle half▼ 5.9%-€1.0mbelow the sector's middle half▼ 23.8%-€1.1mbelow the sector's middle half▼ 9.4%-€1.1mbelow the sector's middle half▲ 1.5%-€2.3mbelow the sector's middle half▼ 113%
Solvency65.1%-60.3%▼ 4.8pp58.1%within the sector's middle half▼ 2.2pp59.7%within the sector's middle half▲ 1.6pp60.9%within the sector's middle half▲ 1.1pp60.7%within the sector's middle half▼ 0.2pp52.5%within the sector's middle half▼ 8.2pp
Current ratio0.19-0.32▲ 0.130.47within the sector's middle half▲ 0.150.36within the sector's middle half▼ 0.110.26below the sector's middle half▼ 0.090.27below the sector's middle half▲ 0.010.19below the sector's middle half▼ 0.08
Return on assets (ROA)6.3%--0.6%▼ 6.8pp1.7%within the sector's middle half▲ 2.3pp1.7%within the sector's middle half=0.4%within the sector's middle half▼ 1.3pp-1.2%below the sector's middle half▼ 1.6pp-1.8%below the sector's middle half▼ 0.5pp
Staff (FTE)2-3▲ 50.0%2.6within the sector's middle half▼ 13.3%2within the sector's middle half▼ 23.1%2within the sector's middle half=2within the sector's middle half=3.5within the sector's middle half▲ 75.0%
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.6m
Fixed assets
€9.0m ▲ 10.9%
Current assets
€533,748 ▲ 33.6%
Equity and liabilities €9.6m
Equity
€5.0m ▼ 3.2%
Debt
€4.5m ▲ 35.4%
Debt's share of the balance-sheet total rises from 39.3% to 47.5%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-3.3%▼
2023 · -2.0%
Debt ≤ 1 year
€2.8m▲
2023 · €1.5m
Debt > 1 year
€1.7m▼
2023 · €1.9m
Income taxes
€1,280▲
2023 · €969
Staff costs
€500,680▲
2023 · €299,180
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €2.2m | €2.2m | €2.0m | €2.2m | ▲ 12.9% |
| Turnover70 | - | €1.9m | €1.8m | €2.0m | €2.0m | €1.8m | €2.0m | ▲ 12.7% |
| Other operating income74 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 15.3% |
| Non-recurring operating income76A | - | - | - | €0.002m | - | - | - | - |
| Operating charges60/66A | - | - | - | €1.9m | €2.2m | €2.1m | €2.3m | ▲ 9.3% |
| Goods for resale, raw materials and consumables60 | - | - | - | €1.4m | €1.6m | €1.4m | €1.4m | ▼ 2.8% |
| Purchases600/8 | - | - | - | €1.5m | €1.6m | €1.4m | €1.4m | ▼ 2.8% |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.05m | - | - | - | - |
| Services and other goods61 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 8.7% |
| Remuneration, social security and pensions62 | - | - | - | €0.2m | €0.3m | €0.3m | €0.5m | ▲ 67.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 8.3% |
| Other operating charges640/8 | - | - | - | €0.01m | €0.01m | €0.01m | €0.02m | ▲ 12.0% |
| Non-recurring operating charges66A | - | - | - | - | €324 | - | - | - |
| Gross operating margin9900 | €0.4m | - | - | - | - | - | - | - |
| Operating profit (loss)9901 | €0.04m | -€0.07m | -€0.03m | €0.2m | -€0.003m | -€0.1m | -€0.07m | ▲ 46.8% |
| Financial income75/76B | - | - | - | €0.002m | €0.1m | €0.1m | €0.01m | ▼ 89.5% |
| Recurring financial income75 | €0.5m | €0.1m | €0.2m | €0.002m | €0.1m | €0.1m | €0.01m | ▼ 89.5% |
| Income from financial fixed assets750 | - | - | - | - | €0.1m | €0.1m | €0 | ▼ 100% |
| Income from current assets751 | - | - | - | €0.002m | €0.005m | €0.008m | €0.01m | ▲ 42.2% |
| Other financial income752/9 | - | - | - | - | €0 | €59 | €38 | ▼ 34.8% |
| Financial charges65/66B | - | - | - | €0.08m | €0.06m | €0.08m | €0.1m | ▲ 30.2% |
| Recurring financial charges65 | €0.07m | €0.07m | €0.07m | €0.08m | €0.06m | €0.08m | €0.1m | ▲ 30.2% |
| Debt charges650 | - | €0.07m | €0.07m | €0.08m | €0.06m | €0.08m | €0.1m | ▲ 30.2% |
| Other financial charges652/9 | - | - | - | €275 | €184 | €4 | €19 | ▲ 347% |
| Profit (loss) for the period before taxes9903 | €0.5m | -€0.05m | €0.2m | €0.1m | €0.04m | -€0.1m | -€0.2m | ▼ 59.1% |
| Income taxes67/77 | €0.001m | €0.001m | €480 | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 32.1% |
| Taxes670/3 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 32.1% |
| Profit (loss) for the period9904 | €0.5m | -€0.05m | €0.2m | €0.1m | €0.04m | -€0.1m | -€0.2m | ▼ 58.9% |
| Profit (loss) for the period to be appropriated9905 | €0.5m | -€0.05m | €0.2m | €0.1m | €0.04m | -€0.1m | -€0.2m | ▼ 58.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €7.9m | €8.4m | €8.8m | €8.8m | €8.7m | €8.5m | €9.6m | ▲ 11.9% |
| Fixed assets21/28 | €7.8m | €8.1m | €8.1m | €8.2m | €8.3m | €8.1m | €9.0m | ▲ 10.9% |
| Tangible fixed assets22/27 | €3.0m | €3.2m | €3.2m | €3.3m | €3.4m | €3.4m | €4.3m | ▲ 27.1% |
| Land and buildings22 | - | - | - | €2.3m | €2.4m | €2.4m | €2.3m | ▼ 3.3% |
| Plant, machinery and equipment23 | - | - | - | €1.0m | €1.0m | €0.9m | €1.9m | ▲ 112% |
| Furniture and vehicles24 | - | - | - | €0.004m | €0.02m | €0.01m | €0.008m | ▼ 29.6% |
| Leasing and similar rights25 | - | - | - | €0.04m | €0.05m | €0.04m | €0.02m | ▼ 38.1% |
| Financial fixed assets28 | €4.8m | €4.9m | €4.9m | €4.9m | €4.9m | €4.8m | €4.7m | ▼ 0.6% |
| Affiliated companies280/1 | - | - | - | €4.9m | €4.9m | €4.8m | €4.7m | ▼ 0.5% |
| Participating interests280 | - | - | - | €4.7m | €4.7m | €4.7m | €4.7m | = |
| Amounts receivable281 | - | - | - | €0.2m | €0.2m | €0.03m | €0 | ▼ 100% |
| Other financial fixed assets284/8 | - | - | - | €0.005m | €0.005m | €0.005m | €72 | ▼ 98.6% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.005m | €0.005m | €0.005m | €72 | ▼ 98.6% |
| Current assets29/58 | €0.08m | €0.4m | €0.7m | €0.6m | €0.4m | €0.4m | €0.5m | ▲ 33.6% |
| Stocks and contracts in progress3 | - | - | - | €0.05m | - | - | €0 | - |
| Stocks30/36 | - | - | - | €0.05m | - | - | - | - |
| Raw materials and consumables30/31 | - | - | - | €0.05m | - | - | - | - |
| Amounts receivable within one year40/41 | €0.04m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.5m | ▲ 33.5% |
| Trade receivables40 | - | - | - | €0.2m | €0.3m | €0.2m | €0.3m | ▲ 102% |
| Other amounts receivable41 | - | - | - | €0.04m | €0.08m | €0.2m | €0.2m | ▼ 13.7% |
| Cash at bank and in hand54/58 | €0.04m | €0.01m | €0.4m | €0.05m | €0.02m | €0.02m | €0.03m | ▲ 63.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €0.002m | €0.003m | €0 | ▼ 100% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €7.9m | €8.4m | €8.8m | €8.8m | €8.7m | €8.5m | €9.6m | ▲ 11.9% |
| Equity10/15 | €5.1m | €5.1m | €5.1m | €5.3m | €5.3m | €5.2m | €5.0m | ▼ 3.2% |
| Contributions10/11 | €4.7m | €4.7m | - | €4.7m | €4.7m | €4.7m | €4.7m | = |
| Reserves13 | €0.5m | €0.4m | €0.5m | €0.6m | €0.6m | €0.5m | €0.3m | ▼ 33.3% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.02m | €0.02m | - | - | - |
| Distributable reserves133 | - | - | - | €0.5m | €0.6m | €0.5m | €0.3m | ▼ 33.3% |
| Amounts payable17/49 | €2.8m | €3.3m | €3.7m | €3.5m | €3.4m | €3.4m | €4.5m | ▲ 35.4% |
| Amounts payable after more than one year17 | €2.3m | €2.2m | €2.1m | €2.0m | €1.9m | €1.9m | €1.7m | ▼ 9.4% |
| Financial debts170/4 | - | - | - | €2.0m | €1.9m | €1.9m | €1.7m | ▼ 9.4% |
| Leasing and similar obligations172 | - | - | - | €0.03m | €0.04m | €0.02m | €0.008m | ▼ 64.7% |
| Credit institutions173 | - | - | - | €1.9m | €1.9m | €1.9m | €1.7m | ▼ 8.7% |
| Amounts payable within one year42/48 | €0.4m | €1.1m | €1.5m | €1.6m | €1.5m | €1.5m | €2.8m | ▲ 91.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 4.8% |
| Financial debts43 | - | - | - | €0.5m | €0.5m | €0.5m | €0.3m | ▼ 26.5% |
| Credit institutions430/8 | - | - | - | €0.5m | €0.5m | €0.5m | €0.3m | ▼ 26.5% |
| Trade debts44 | €0.03m | €0.5m | €0.3m | €0.3m | €0.3m | €0.2m | €0.3m | ▲ 59.1% |
| Suppliers440/4 | - | - | - | €0.3m | €0.3m | €0.2m | €0.3m | ▲ 59.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.03m | €0.04m | €0.04m | ▲ 16.3% |
| Taxes450/3 | - | - | - | €0.02m | €0.001m | €0.006m | €0.001m | ▼ 78.3% |
| Remuneration and social security454/9 | - | - | - | €0.03m | €0.03m | €0.03m | €0.04m | ▲ 33.4% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.5m | €0.6m | €2.0m | ▲ 237% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.5m | -€0.05m | €0.2m | €0.1m | €0.04m | -€0.1m | -€0.2m | ▼ 58.9% |
| + Depreciation and write-downs630 | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 8.3% |
| Operating cash flow (approximation) | €0.6m | €0.08m | €0.3m | €0.3m | €0.2m | €0.06m | €0.01m | ▼ 82.1% |
| Investment in fixed assets (approximation) | - | -€0.4m | -€0.2m | -€0.3m | -€0.2m | -€0.007m | -€1.1m | ▼ 15,922% |
| Change in cash | - | -€0.02m | €0.4m | -€0.3m | -€0.03m | -€0.006m | €0.01m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 28-07-2025 | 2025-00317533 | |
| 31-12-2023 | full format | 26-07-2024 | 2024-00289438 | |
| 31-12-2022 | full format | 17-07-2023 | 2023-00247671 | |
| 31-12-2021 | full format | 26-07-2022 | 2022-20222404 | |
| 31-12-2020 | full format | 29-07-2021 | 2021-43100406 | |
| 31-12-2019 | full format | 29-07-2020 | 2020-36300108 | |
| 31-12-2018 | abbreviated format | 25-07-2019 | 2019-39900446 | |
| 31-12-2017 | abbreviated format | 05-07-2018 | 2018-29600427 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.