Elira Developments
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 14-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €11,904, smaller than the loss of €24,817 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Intangible fixed assets | €1,196 | - |
| Financial fixed assets | €2,660 | - |
| Depreciation and write-downs of the year | €807 | €675 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €807 | €675 | ▼ 16.4% |
| Other operating charges640/8 | €118 | €120 | ▲ 1.7% |
| Gross operating margin9900 | -€23,892 | -€11,109 | ▲ 53.5% |
| Operating profit (loss)9901 | -€24,817 | -€11,904 | ▲ 52.0% |
| Financial income75/76B | €83,436 | €69,309 | ▼ 16.9% |
| Recurring financial income75 | €83,436 | €69,309 | ▼ 16.9% |
| Financial charges65/66B | €77,478 | €69,960 | ▼ 9.7% |
| Recurring financial charges65 | €77,478 | €69,960 | ▼ 9.7% |
| Profit (loss) for the period before taxes9903 | -€18,860 | -€12,554 | ▲ 33.4% |
| Profit (loss) for the period9904 | -€18,860 | -€12,554 | ▲ 33.4% |
| Profit (loss) for the period to be appropriated9905 | -€18,860 | -€12,554 | ▲ 33.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.0m | €1.1m | ▲ 13.5% |
| Formation expenses20 | €0.001m | €0.001m | ▼ 30.3% |
| Fixed assets21/28 | €0.004m | €0.003m | ▼ 11.3% |
| Intangible fixed assets21 | €0.001m | €460 | ▼ 46.4% |
| Financial fixed assets28 | €0.003m | €0.003m | = |
| Current assets29/58 | €1.0m | €1.1m | ▲ 13.7% |
| Amounts receivable after more than one year29 | €1.0m | €1.1m | ▲ 15.2% |
| Other amounts receivable291 | €1.0m | €1.1m | ▲ 15.2% |
| Cash at bank and in hand54/58 | €0.02m | €0.005m | ▼ 73.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.0m | €1.1m | ▲ 13.5% |
| Equity10/15 | €0.03m | €0.01m | ▼ 48.0% |
| Contributions10/11 | €0.05m | €0.05m | = |
| Profit (loss) carried forward14 | -€0.02m | -€0.03m | ▼ 66.6% |
| Amounts payable17/49 | €1.0m | €1.1m | ▲ 15.2% |
| Amounts payable after more than one year17 | €1.0m | €1.1m | ▲ 15.3% |
| Financial debts170/4 | €1.0m | €1.1m | ▲ 15.3% |
| Amounts payable within one year42/48 | €0.002m | €0.001m | ▼ 56.1% |
| Trade debts44 | €0.002m | €0.001m | ▼ 56.1% |
| Suppliers440/4 | €0.002m | €0.001m | ▼ 56.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€18,860 | -€12,554 | ▲ 33.4% |
| + Depreciation and write-downs630 | €807 | €675 | ▼ 16.4% |
| Operating cash flow (approximation) | -€18,052 | -€11,880 | ▲ 34.2% |
| Investment in fixed assets (approximation) | - | -€276 | - |
| Change in cash | - | -€12,487 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 865 companies had the same profile as Elira Developments has now. Two years later, 96.6% were still going and 1.5% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency under 10%
- a small loss
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Elira Developments itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 865 companies, not a prediction for Elira Developments. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.