ELISHAN
ActiveThe computed 12-month bankruptcy probability of ELISHAN is 3.8% (moderate). The 2024 annual accounts show equity of €50k and a net result of €22k. Equity is growing by ~80.2% per year across the filed fiscal years. Its solvency ranks better than 43% of 18938 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
76
/ 100
Excellent▲ +20 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency32▼-4
Growth78=
Stability100
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 0.99 in 2023), and 78.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 · 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 2024Solvency, return and age of the figures
Solvency
21.6%
Return on assets
9.4%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
43 d late
2022
99 d late
2021
73 d late
2020
87 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€1.05M
EBIT margin
-2.6%
Net result
€22k▲ 45.0%
2023 · €15k
2020: €2k
2021: €38k
2022: €-30k
2023: €15k
2020 → 2024
Working capital
€25k
2023 · €-1k
2020: €4k
2021: €20k
2022: €-14k
2023: €-1k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.05M
Equity€4k-€43k▲ 860%€13k▼ 68.9%€28k▲ 114%€50k▲ 77.1%
Operating result€3k-€47k▲ 1,573%€-28k€24k€40k▲ 69.0%
Net result€2k-€38k▲ 1,457%€-30k€15k€22k▲ 45.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 69% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €233k
Fixed assets
€25k▼ 14.0%
Current assets
€208k▲ 138%
Equity and liabilities €233k
Equity
€50k▲ 77.1%
Debt
€183k▲ 107%
The debt ratio rises from 75.7% to 78.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€44k▲
2023 · €27k
Cash flow
€26k▲
2023 · €19k
Solvency
21.6%▼
2023 · 24.3%
Current ratio
1.14▲
2023 · 0.99
Quick ratio
1.12▲
2023 · 0.95
Debt / equity
3.62▲
2023 · 3.11
ROE
43.5%▼
2023 · 53.2%
ROA
9.4%▼
2023 · 12.9%
Interest coverage
14.91▲
2023 · 11.75
Debt
€183k▲
2023 · €89k
Debt ≤ 1 year
€183k▲
2023 · €89k
Income taxes
€15k▲
2023 · €6k
Staff costs
€322k▲
2023 · €212k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€117k€233k▲
Fixed assets21/28€30k€25k▼
Tangible fixed assets22/27€15k€10k▼
Furniture and vehicles24€12k€8k▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€15k€15k=
Current assets29/58€88k€208k▲
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€39k€166k▲
Trade receivables40€39k€166k▲
Other amounts receivable41-€186
Cash at bank and in hand54/58€45k€39k▼
Equity and liabilities
Total equity and liabilities10/49€117k€233k▲
Equity10/15€28k€50k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€26k€48k▲
Amounts payable17/49€89k€183k▲
Amounts payable within one year42/48€89k€183k▲
Trade debts44€2k-
Suppliers440/4€2k-
Advances received on contracts in progress46-€58k
Taxes, remuneration and social security45€76k€91k▲
Taxes450/3€52k€64k▲
Remuneration and social security454/9€24k€27k▲
Other amounts payable47/48€10k€34k▲
Income statement
Code20232024
Remuneration, social security and pensions62€212k€322k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€28k€7k▼
Gross operating margin9900€267k€373k▲
Operating profit (loss)9901€24k€40k▲
Financial income75/76B€3-
Recurring financial income75€3-
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€22k€37k▲
Income taxes67/77€6k€15k▲
Profit (loss) for the period9904€15k€22k▲
Profit (loss) for the period to be appropriated9905€15k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€26k€48k▲
Profit (loss) brought forward from the previous period14P€11k€26k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
2023
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 99 days late
2022
31-12
Financial
Weakest financial yearnet €-30k ▼177%
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 73 days late
2021
31-12
Financial
Highest result since 2020net €38k ▲1457%
Operating result €47k, net result €38k, both a record.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 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, Zaventem · 1 establishment unit since 2019
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.
Excelsiorlaan 851930 ZaventemGround area
2,171 m²
Building footprint
658 m²
Volume, LiDAR
6,264 m³
2 parcels, Brussels, Flanders · tallest building 16.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PAYITAHT
since 20192.296.840.234
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0036/00L002 | Flanders | 1,970 m² | 1 · 454 m² | 14.0 m · 3 fl. |
| 21908E0266/00B000 | Brussels | 202 m² | 1 · 204 m² | 16.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,234 companies in sector 56111 we hold annual accounts for 11,309. 9,699 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2019
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.