ELINA'O
ActiveSummary
The computed 12-month bankruptcy probability of ELINA'O is 4.4% (elevated). The 2025 annual accounts show negative equity (€-145k) and a net result of €-195k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 1544 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
19
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-70
Solvency3▼-47
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.54 against 1.99 in 2024; short-term debt: 36.6% and cash: 1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-21.9%
Return on assets
-29.4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-145k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
31 d late
2024
73 d early
2023
28 d early
2022
4 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0
Total assets
€663k▲ 238%
2024 · €196k
2022: €47k
2023: €100k
2024: €196k
2022 → 2025
Net result
€-195k
2024 · €1k
2022: €21k
2023: €25k
2024: €1k
2022 → 2025
Working capital
€-112k
2024 · €39k
2022: €21k
2023: €17k
2024: €39k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€0-
Equity€24k-€48k▲ 101%€49k▲ 2.8%€-145k
Operating result€28k-€33k▲ 15.0%€3k▼ 90.3%€-172k
Net result€21k-€25k▲ 19.8%€1k▼ 94.7%€-195k
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 €172k after €3k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €663k
Fixed assets
€533k ▲ 352%
Current assets
€130k ▲ 66.9%
Key figures and ratios
EBITDA
€-76k▼
2024 · €33k
Cash flow
€-99k▼
2024 · €32k
Solvency
-21.9%▼
2024 · 25.3%
Current ratio
0.54▼
2024 · 1.99
Quick ratio
0.24▼
2024 · 1.99
Debt to equity
-5.56▼
2024 · 2.96
ROA
-29.4%▼
2024 · 0.7%
Interest coverage
-4.15▼
2024 · 8.57
Debt
€808k▲
2024 · €146k
Debt ≤ 1 year
€242k▲
2024 · €39k
Debt > 1 year
€559k▲
2024 · €107k
Income taxes
€2k▲
2024 · €-2k
Staff costs
€56k▼
2024 · €62k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€196k€663k▲
Fixed assets21/28€118k€533k▲
Intangible fixed assets21€28k€110k▲
Tangible fixed assets22/27€90k€421k▲
Plant, machinery and equipment23€42k€317k▲
Furniture and vehicles24€49k€104k▲
Financial fixed assets28-€1k
Current assets29/58€78k€130k▲
Amounts receivable after more than one year29-€8k
Trade receivables290-€8k
Stocks and contracts in progress3-€71k
Stocks30/36-€71k
Amounts receivable within one year40/41€13k€38k▲
Trade receivables40€10k€21k▲
Other amounts receivable41€4k€17k▲
Cash at bank and in hand54/58€57k€7k▼
Deferred charges and accrued income490/1€8k€7k▼
Equity and liabilities
Total equity and liabilities10/49€196k€663k▲
Equity10/15€49k€-145k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€46k€-148k▼
Investment grants15-€0
Amounts payable17/49€146k€808k▲
Amounts payable after more than one year17€107k€559k▲
Financial debts170/4€107k€559k▲
Amounts payable within one year42/48€39k€242k▲
Current portion of amounts payable after more than one year42€18k€115k▲
Trade debts44€411€62k▲
Suppliers440/4€411€62k▲
Taxes, remuneration and social security45€8k€8k▲
Taxes450/3€745€525▼
Remuneration and social security454/9€7k€7k▲
Other amounts payable47/48€13k€58k▲
Accrued charges and deferred income492/3-€6k
Income statement
Code20242025
Remuneration, social security and pensions62€62k€56k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€96k▲
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€783€324▼
Gross operating margin9900€98k€-18k▼
Operating profit (loss)9901€3k€-172k▼
Financial income75/76B€2€131▲
Recurring financial income75€2€131▲
Non-recurring financial income76B-€0
Financial charges65/66B€4k€21k▲
Recurring financial charges65€4k€18k▲
Non-recurring financial charges66B-€3k
Profit (loss) for the period before taxes9903€-741€-192k▼
Income taxes67/77€-2k€2k▲
Profit (loss) for the period9904€1k€-195k▼
Profit (loss) for the period to be appropriated9905€1k€-195k▼
Appropriation of the result
Profit (loss) to be appropriated9906€46k€-148k▼
Profit (loss) brought forward from the previous period14P€45k€46k▲
The notes to these accounts (13 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-195k ▼14635%
Net result drops to €-195k, the lowest in the series.
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €25k ▲19.8%
Operating result €33k, net result €25k, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Beyne-Heusay · 2 establishment units since 2022
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.
Rue E. Vandervelde 4894610 Beyne-HeusayGround area
1,009 m²
Building footprint
402 m²
Parcel 92111D0122/00D000, Wallonia. Linked by address, not a title deed.
2 establishment units
ELINA'O
since 20222.333.648.467
ELINA'O
since 20252.372.608.320
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92111D0122/00D000 | Wallonia | 1,009 m² | 1 · 402 m² | - |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
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 siteFosses-la-Ville2.372.608.320
Similar companies · same sector, comparable size
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THE CACAO TREE
BE 0846.674.990
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Of 725 companies in sector 10820 we hold annual accounts for 351. 209 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
10820Manufacture of cocoa, chocolate and sugar confectionery
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.