ELINAZ
ActiveThe computed 12-month bankruptcy probability of ELINAZ is 2.2% (moderate). The 2025 annual accounts show equity of €19k and a net result of €8k. Its solvency ranks better than 67% of 800 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▲+94
Solvency75▼-13
Growth78
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 1.87 in 2024; short-term debt: 50.5% and cash: 3.8% of total assets), but 50.5% 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+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 →
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
49.5%
Return on assets
20.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-08-2026, 22 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
22 d late
2024
58 d late
← 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, abbreviated schema
Equity
€19k▲ 69.7%
2024 · €11k
2024: €11k
2024 → 2025
Total assets
€38k▲ 115%
2024 · €18k
2024: €18k
2024 → 2025
Net result
€8k
2024 · €-14k
2024: €-14k
2024 → 2025
Working capital
€15k▲ 159%
2024 · €6k
2024: €6k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€11k-€19k▲ 69.7%
Operating result€-14k-€8k
Net result€-14k-€8k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €8k after a loss of €14k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38k
Fixed assets
€4k▼ 26.3%
Current assets
€34k▲ 175%
Equity and liabilities €38k
Equity
€19k▲ 69.7%
Debt
€19k▲ 190%
The debt ratio rises from 37.4% to 50.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9k▲
2024 · €-12k
Cash flow
€9k▲
2024 · €-12k
Solvency
49.5%▼
2024 · 62.6%
Current ratio
1.78▼
2024 · 1.87
Quick ratio
1.53▲
2024 · 1.15
Debt / equity
1.02▲
2024 · 0.60
ROE
41.1%▲
2024 · -126.2%
ROA
20.3%▲
2024 · -79.0%
Interest coverage
31.09▲
2024 · -86.47
Debt
€19k▲
2024 · €7k
Debt ≤ 1 year
€19k▲
2024 · €7k
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€18k€38k▲
Fixed assets21/28€5k€4k▼
Tangible fixed assets22/27€5k€4k▼
Plant, machinery and equipment23€5k€4k▼
Current assets29/58€12k€34k▲
Stocks and contracts in progress3€5k€5k=
Stocks30/36€5k€5k=
Amounts receivable within one year40/41€8k€28k▲
Trade receivables40€5k€28k▲
Other amounts receivable41€2k-
Cash at bank and in hand54/58€22€1k▲
Equity and liabilities
Total equity and liabilities10/49€18k€38k▲
Equity10/15€11k€19k▲
Contributions10/11€25k€25k=
Capital10€25k€25k=
Issued capital100€25k€25k=
Profit (loss) carried forward14€-14k€-6k▲
Amounts payable17/49€7k€19k▲
Amounts payable within one year42/48€7k€19k▲
Trade debts44€5k€11k▲
Suppliers440/4€5k€11k▲
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48€2k€7k▲
Income statement
Code20242025
Remuneration, social security and pensions62€33k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€62€62=
Gross operating margin9900€21k€9k▼
Operating profit (loss)9901€-14k€8k▲
Financial charges65/66B€140€302▲
Recurring financial charges65€140€302▲
Profit (loss) for the period before taxes9903€-14k€8k▲
Profit (loss) for the period9904€-14k€8k▲
Profit (loss) for the period to be appropriated9905€-14k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-6k▲
Profit (loss) brought forward from the previous period14P-€-14k
The notes to these accounts (3 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
22-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 22 days late
2025
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Registered office, Hasselt · 1 establishment unit since 2023
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.
Abelenstraat 93500 HasseltGround area
140 m²
Building footprint
65 m²
Volume, LiDAR
570 m³
Parcel 71325F0471/00E003, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ELINAZ
since 20232.345.077.344
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71325F0471/00E003 | Flanders | 140 m² | 1 · 65 m² | 12.7 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHasselt2.345.077.344
Similar companies · same sector, comparable size
FH 23
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BE 0764.567.955
Tielt · Eq €19k
Le Parisien de Bruxelles
BE 1023.808.472
Anderlecht · Eq €18k
Bakkerij Mario Van Acker
BE 0700.797.977
Lochristi · Eq €20k
BOULANGERIE DU MOULIN D'ELLIGNIES
BE 0670.762.126
Beloeil · Eq €20k
Of 511 companies in sector 10711 we hold annual accounts for 329. 164 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-04-2023
Fiscal year end31-12
Activities, NACEBEL
10711Manufacture of food products
10712Artisanal bread and fresh pastry making
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.