Elisthé
ActiveSummary
Elisthé has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €62,064 and a net result of €35,092. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 53% of 6159 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability89▲+10
Solvency54▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 1.6 against 0.72 in 2023; short-term debt: 19.2% and cash: 2.6% of total assets), but 71.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
28.7%
Return on assets
16.2%
Age of the figures
21 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 29-10-2025, 90 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
90 d late
2023
22 d late
2022
248 d late
2021
144 d late
2020
2 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 78 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#9 company by total assets in Zulte, Other services sector
Equity
€62,064▲ 130%
2023 · €26,972
Total assets
€216,397▲ 11.3%
2023 · €194,376
Net result
€35,092▲ 118%
2023 · €16,104
Working capital
€24,827
2023 · -€12,937
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€32-€146▼ 356%€5,584€21,595▲ 287%€48,718▲ 126%
Net result-€4,166-€4,884▼ 17.2%-€3,072▲ 37.1%€16,104€35,092▲ 118%
Equity€18,824▼ 18.1%€13,939▼ 26.0%€10,868▼ 22.0%€26,972▲ 148%€62,064▲ 130%
Total assets€223,353▼ 0.7%€208,792▼ 6.5%€191,874▼ 8.1%€194,376▲ 1.3%€216,397▲ 11.3%
Debt€204,529▲ 1.3%€194,853▼ 4.7%€181,006▼ 7.1%€167,404▼ 7.5%€154,334▼ 7.8%
Working capital-€21,016▼ 2.4%-€23,540▼ 12.0%-€22,033▲ 6.4%-€12,937▲ 41.3%€24,827
Staff (FTE)1▲ 11.1%1.3▲ 30.0%0.50.8▲ 60.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 126% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €216,397
Fixed assets
€149,975 ▼ 6.8%
Current assets
€66,422 ▲ 98.0%
Equity and liabilities €216,397
Equity
€62,064 ▲ 130%
Debt
€154,334 ▼ 7.8%
Debt's share of the balance-sheet total falls from 86.1% to 71.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€60,787▲
2023 · €34,426
Cash flow
€47,162▲
2023 · €28,935
Current ratio
1.60▲
2023 · 0.72
Quick ratio
1.35▲
2023 · 0.66
Debt to equity
2.49▼
2023 · 6.21
ROE
56.5%▼
2023 · 59.7%
ROA
16.2%▲
2023 · 8.3%
Interest coverage
12.66▲
2023 · 6.24
Debt ≤ 1 year
€41,596▼
2023 · €46,481
Debt > 1 year
€110,459▼
2023 · €120,923
Income taxes
€8,822
Staff costs
€6,509▲
2023 · €5,110
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,049 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €31,744 | - | €5,110 | €6,509 | ▲ 27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,101 | €14,664 | €14,361 | €12,831 | €12,070 | ▼ 5.9% |
| Other operating charges640/8 | - | €1,403 | €1,785 | €4,310 | €3,125 | ▼ 27.5% |
| Non-recurring operating charges66A | - | €2,621 | - | - | - | - |
| Gross operating margin9900 | €40,966 | €50,286 | €21,730 | €43,845 | €70,421 | ▲ 60.6% |
| Operating profit (loss)9901 | -€32 | -€146 | €5,584 | €21,595 | €48,718 | ▲ 126% |
| Financial income75/76B | - | €1 | - | €24 | - | - |
| Recurring financial income75 | - | €1 | - | €24 | - | - |
| Financial charges65/66B | - | €4,652 | €8,656 | €5,514 | €4,803 | ▼ 12.9% |
| Recurring financial charges65 | €4,134 | €4,652 | €4,982 | €5,514 | €4,803 | ▼ 12.9% |
| Non-recurring financial charges66B | - | - | €3,674 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€4,166 | -€4,797 | -€3,072 | €16,104 | €43,914 | ▲ 173% |
| Income taxes67/77 | - | €87 | - | - | €8,822 | - |
| Profit (loss) for the period9904 | -€4,166 | -€4,884 | -€3,072 | €16,104 | €35,092 | ▲ 118% |
| Profit (loss) for the period to be appropriated9905 | -€4,166 | -€4,884 | -€3,072 | €16,104 | €35,092 | ▲ 118% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €223,353 | €208,792 | €191,874 | €194,376 | €216,397 | ▲ 11.3% |
| Formation expenses20 | €1,303 | €652 | - | - | - | - |
| Fixed assets21/28 | €195,216 | €183,724 | €170,016 | €160,832 | €149,975 | ▼ 6.8% |
| Tangible fixed assets22/27 | €195,091 | €183,599 | €169,891 | €160,707 | €149,850 | ▼ 6.8% |
| Land and buildings22 | - | €177,732 | €166,635 | €156,181 | €145,726 | ▼ 6.7% |
| Plant, machinery and equipment23 | - | €4,546 | €2,541 | €1,332 | €764 | ▼ 42.6% |
| Furniture and vehicles24 | - | €1,321 | €714 | €3,194 | €3,360 | ▲ 5.2% |
| Financial fixed assets28 | €125 | €125 | €125 | €125 | €125 | = |
| Current assets29/58 | €26,834 | €24,416 | €21,858 | €33,544 | €66,422 | ▲ 98.0% |
| Stocks and contracts in progress3 | €4,765 | €16,367 | €2,145 | €2,961 | €10,363 | ▲ 250% |
| Stocks30/36 | - | €2,367 | €2,145 | €2,961 | €10,363 | ▲ 250% |
| Contracts in progress37 | - | €14,000 | - | - | - | - |
| Amounts receivable within one year40/41 | €1,197 | €7,102 | €18,996 | €29,492 | €50,518 | ▲ 71.3% |
| Trade receivables40 | - | €973 | - | - | - | - |
| Other amounts receivable41 | - | €6,129 | €18,996 | €29,492 | €50,518 | ▲ 71.3% |
| Cash at bank and in hand54/58 | €1,940 | €947 | €717 | €1,090 | €5,541 | ▲ 408% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €223,353 | €208,792 | €191,874 | €194,376 | €216,397 | ▲ 11.3% |
| Equity10/15 | €18,824 | €13,939 | €10,868 | €26,972 | €62,064 | ▲ 130% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €6,972 | €42,064 | ▲ 503% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | - | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | - | - | - |
| Distributable reserves133 | - | - | - | €6,972 | €42,064 | ▲ 503% |
| Profit (loss) carried forward14 | -€3,176 | -€8,061 | -€11,132 | - | - | - |
| Amounts payable17/49 | €204,529 | €194,853 | €181,006 | €167,404 | €154,334 | ▼ 7.8% |
| Amounts payable after more than one year17 | €156,679 | €146,897 | €137,115 | €120,923 | €110,459 | ▼ 8.7% |
| Financial debts170/4 | - | €146,897 | €137,115 | €120,923 | €110,459 | ▼ 8.7% |
| Amounts payable within one year42/48 | €47,850 | €47,956 | €43,891 | €46,481 | €41,596 | ▼ 10.5% |
| Current portion of amounts payable after more than one year42 | - | €9,782 | €9,782 | €13,403 | €10,464 | ▼ 21.9% |
| Financial debts43 | - | €6,692 | €7,814 | €4,948 | €2,471 | ▼ 50.0% |
| Credit institutions430/8 | - | €6,692 | €7,814 | €4,948 | €2,471 | ▼ 50.0% |
| Trade debts44 | €17,381 | €17,931 | €4,531 | €9,212 | €6,713 | ▼ 27.1% |
| Suppliers440/4 | - | €17,931 | €4,531 | €9,212 | €6,713 | ▼ 27.1% |
| Taxes, remuneration and social security45 | - | €13,547 | €21,760 | €18,915 | €21,943 | ▲ 16.0% |
| Taxes450/3 | - | €9,079 | €21,760 | €18,915 | €21,208 | ▲ 12.1% |
| Remuneration and social security454/9 | - | €4,468 | - | - | €735 | - |
| Other amounts payable47/48 | - | €4 | €4 | €4 | €4 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,279 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,166 | -€4,884 | -€3,072 | €16,104 | €35,092 | ▲ 118% |
| + Depreciation and write-downs630 | €10,101 | €14,664 | €14,361 | €12,831 | €12,070 | ▼ 5.9% |
| Operating cash flow (approximation) | €5,935 | €9,780 | €11,289 | €28,935 | €47,162 | ▲ 63.0% |
| Investment in fixed assets (approximation) | - | -€3,172 | -€652 | -€3,647 | -€1,213 | ▲ 66.7% |
| Change in cash | - | -€993 | -€230 | €374 | €4,451 | ▲ 1,092% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 90 days late
2024
31-12
Financial
Highest result since 2018net €35,092 ▲118%
Operating result €48,718, net result €35,092, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.60
Current ratio from 0.72 to 1.60; short-term debt falls from €46,481 to €41,596.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 248 days late
2023
31-12
Financial
Back to profitnet €16,104
Net result €16,104 after 3 loss-making years.
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 144 days late
2021
31-12
Financial
Weakest financial yearnet -€4,884
Net result drops to -€4,884, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Zulte · 1 establishment unit since 2011
Ground area
1,118 m²
Building footprint
498 m²
Volume, LiDAR
86 m³
Parcel 44050B1225/00K006, Flanders · tallest building 10.4 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Elisthé
since 20112.204.274.718
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44050B1225/00K006 | Flanders | 1,117 m² | 1 · 498 m² | 10.4 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 500 EUR awarded · 500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 500 EUR | 500 EUR |
Schemes
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsHaarverzorging duaal (so)
Kapper (vwo)
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Of 21,734 companies in sector 96210 we hold annual accounts for 2,832. 2,025 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-06-2011
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0837267376
Also
9925:BE0837267376
Registered
21-03-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.