ELISTAR
The computed 12-month bankruptcy probability of ELISTAR is 1.9% (moderate). The 2024 annual accounts show negative equity (€-16k) and a net result of €23k. Equity is growing by ~23.8% per year across the filed fiscal years. Its solvency ranks better than 24% of 1735 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-16k |
| Net result | €23k |
| Better than sector | 24% |
| Active | 5 yrs |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -25.7% | 14.9% | |
| Net result | €23k | €1k | |
| Equity | €-16k | €5k | |
| Gross operating margin | €32k | €16k | |
| Total assets | €61k | €46k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €29k |
| Net profit | €23k |
| Cash flow | €30k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €61k |
| Equity | €-16k |
| Debt | €76k |
| of which ≤ 1y | €76k |
| of which > 1y | - |
| Working capital | €-49k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.35 |
| Quick ratio | 0.35 |
| Working capital ratio | -81.2% |
| Solvency | -25.7% |
| Debt / equity | -4.89 |
| Long-term debt ratio | - |
| Interest coverage | 873.36 |
| Gross margin | - |
| Net margin | - |
| ROA | 37.7% |
| ROE | -146.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €61k |
| Fixed assets | 21/28 | €34k |
| Tangible fixed assets | 22/27 | €34k |
| Financial fixed assets | 28 | €75 |
| Current assets | 29/58 | €27k |
| Amounts receivable within one year | 40/41 | €18k |
| Cash & bank | 54/58 | €10k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €61k |
| Equity | 10/15 | €-16k |
| Contributions / capital | 10/11 | €8k |
| Accumulated profits (losses) | 14 | €-24k |
| Amounts payable | 17/49 | €76k |
| Amounts payable within one year | 42/48 | €76k |
| Trade debts payable within one year | 44 | €6k |
| Income statement | ||
| Gross operating margin | 9900 | €32k |
| Operating result | 9901 | €22k |
| Financial income | 75 | €1k |
| Financial charges | 65 | €33 |
| Result before taxes | 9903 | €23k |
| Net result for the period | 9904 | €23k |
| Result to be appropriated | 9905 | €23k |
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Current01-07-2025 → present
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Current01-07-2025 → present
-
Current01-07-2025 → present
Former directors (2)
-
Former01-07-2025 → 10-10-2025
2 events
- 10-10-2025 Resigned· Director
- 01-07-2025 Appointed· Director
-
Former23-10-2024 → 16-05-2025
2 events
- 16-05-2025 Resigned· Director
- 23-10-2024 Appointed· Director
| NACE primary | Personal services(96230) |
| Legal form | Private limited company(610) |
| Incorporation | 09-06-2021 |
| Status | Active |
| Postal code | 2830 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12036A0378/00R006 | Flanders | 606 m² | 1 · 230 m² | 12.2 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
10-10-2025 Harutyunyan Karen resigns as director
- Harutyunyan Karen, Bestuurder
Technical details
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"events": [
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"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Harutyunyan Karen",
"address": null,
"birth_date": null
},
"evidence_quote": "De vergadering neemt op 25 augustus 2025 kennis van het ontslag tot bestuurder van: -Harutyunyan Karen, RR 89.08.24-569.54, wonende te Polderstraat 1-1840 Londerzeel."
}
],
"schema": "v3.2",
"act_meta": {
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"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0769.492.981",
"name_full": "ELISTAR",
"legal_form": "BV"
}
}05-08-2025 4 directors appointed
- Balde Mouctar, Bestuurder
- Bah Moustafa, Bestuurder
- Paddubski Ruslan, Bestuurder
- Harutyunyan Karen, Bestuurder
Technical details
{
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"name": "Balde Mouctar",
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},
"effective_date": "2025-07-01",
"evidence_quote": "De vergadering neemt op 1 juli 2025 kennis van de benoeming tot bestuurder van volgende personen: -Balde Mouctar wonende te Scherreveldstraat 51/2-9300 Aalst"
},
{
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"name": "Bah Moustafa",
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"effective_date": "2025-07-01",
"evidence_quote": "De vergadering neemt op 1 juli 2025 kennis van de benoeming tot bestuurder van volgende personen: -Bah Moustafa wonende te Boomkwekerijstraat 162-1601 Ruisbroek"
},
{
"kind": "director_in",
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"person": {
"rrn": null,
"name": "Paddubski Ruslan",
"address": null,
"birth_date": null
},
"effective_date": "2025-07-01",
"evidence_quote": "De vergadering neemt op 1 juli 2025 kennis van de benoeming tot bestuurder van volgende personen: -Paddubski Ruslan wonende te Avenue de Fre 263-43-1180 Brussel"
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Harutyunyan Karen",
"address": null,
"birth_date": null
},
"effective_date": "2025-07-01",
"evidence_quote": "De vergadering neemt op 1 juli 2025 kennis van de benoeming tot bestuurder van volgende personen: -Harutyunyan Karen wonende te Polderstraat 1- 1840 Londerzeel."
}
],
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"legal_form": "BV"
}
}16-05-2025 Avo Hoe resigns as director
- Avo Hoe, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Avo Hoe",
"address": null,
"birth_date": null
},
"evidence_quote": "De vergadering neemt op 22 april 2025, kennis van het ontslag als bestuurder van de heer Avo Hoe wonende te Nervi\u00EBrslaan 18 bus 4-1780 Wemmel."
}
],
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"subject_company": {
"kbo": "0769.492.981",
"name_full": "ELISTAR",
"legal_form": "BV"
}
}23-10-2024 AVO Hoe appointed as director
- AVO Hoe, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "AVO Hoe",
"address": null,
"birth_date": null
},
"evidence_quote": "De vergadering neemt op 30 september 2024 kennis van de benoeming tot nieuwe bestuurder van Dhr. AVO Hoe wonende te Nervi\u00EBrslaan 18 bus 4-1780 Wemmel."
}
],
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"subject_company": {
"kbo": "0769.492.981",
"name_full": "ELISTAR",
"legal_form": "BV"
}
}11-06-2021 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "2830 Willebroek, Baeckelmansstraat 27",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
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},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1992-04-02",
"name": "Ohan Tano",
"niss": null,
"address": "2830 Willebroek, Boomsesteenweg 26"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 8000,
"holder_person_name": "Ohan Tano",
"is_subscriber_only": false,
"n_shares_subscribed": 1000,
"amount_subscribed_eur": 8000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 8000,
"subject_company": {
"kbo": "0769.492.981",
"name_full": "ELISTAR",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2021-06-08",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | ELISTAR |