ELIT CONSTRUCTING
InactiveELIT CONSTRUCTING was declared bankrupt on 09-09-2024 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 24-06-2025, published in the Belgian State Gazette on 11-07-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 7 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 22-04-2024, 266 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
266 d late
2021
144 d late
2020
195 d late
2019
119 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2022, micro schema
Equity
€36k▼ 66.7%
2021 · €108k
2018: €29klowest in 5 years
2019: €37k▲ +28.4% vs 2018
2020: €74k▲ +97.7% vs 2019
2021: €108k▲ +46.2% vs 2020highest in 5 years
2022: €36k▼ -66.7% vs 2021
2018 → 2022
Total assets
€454k▼ 2.2%
2021 · €464k
2018: €71klowest in 5 years
2019: €175k▲ +146% vs 2018
2020: €255k▲ +45.2% vs 2019
2021: €464k▲ +82.3% vs 2020highest in 5 years
2022: €454k▼ -2.2% vs 2021
2018 → 2022
Net result
€-72k
2021 · €34k
2018: €11k
2019: €8k▼ -22.2% vs 2018
2020: €37k▲ +342% vs 2019highest in 5 years
2021: €34k▼ -6.5% vs 2020
2022: €-72k▼ -311% vs 2021lowest in 5 years
2018 → 2022
Working capital
€37k▼ 63.9%
2021 · €101k
2018: €30klowest in 5 years
2019: €32k▲ +6.4% vs 2018
2020: €73k▲ +128% vs 2019
2021: €101k▲ +39.0% vs 2020highest in 5 years
2022: €37k▼ -63.9% vs 2021
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€29k-€37k▲ 28.4%€74k▲ 97.7%€108k▲ 46.2%€36k▼ 66.7%
2018: €29klowest in 5 years
2019: €37k▲ +28.4% vs 2018
2020: €74k▲ +97.7% vs 2019
2021: €108k▲ +46.2% vs 2020highest in 5 years
2022: €36k▼ -66.7% vs 2021
Operating result€12k-€11k▼ 10.1%€42k▲ 285%€38k▼ 9.7%€-63k
2018: €12k
2019: €11k▼ -10.1% vs 2018
2020: €42k▲ +285% vs 2019highest in 5 years
2021: €38k▼ -9.7% vs 2020
2022: €-63k▼ -267% vs 2021lowest in 5 years
Net result€11k-€8k▼ 22.2%€37k▲ 342%€34k▼ 6.5%€-72k
2018: €11k
2019: €8k▼ -22.2% vs 2018
2020: €37k▲ +342% vs 2019highest in 5 years
2021: €34k▼ -6.5% vs 2020
2022: €-72k▼ -311% vs 2021lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €63k after €38k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €454k
Fixed assets
€233k ▼ 5.4%
Current assets
€221k ▲ 1.5%
Equity and liabilities €454k
Equity
€36k ▼ 66.7%
Debt
€418k ▲ 17.5%
Debt's share of the balance-sheet total rises from 76.7% to 92.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-50k▼
2021 · €42k
Cash flow
€-59k▼
2021 · €38k
Current ratio
1.20▼
2021 · 1.87
Debt to equity
11.58▲
2021 · 3.28
ROE
-200.1%▼
2021 · 31.6%
ROA
-15.9%▼
2021 · 7.4%
Interest coverage
-14.06▼
2021 · 10.87
Debt ≤ 1 year
€185k▲
2021 · €117k
Debt > 1 year
€233k▼
2021 · €239k
Income taxes
€5k
Staff costs
€47k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 46 lines
Balance sheet
Code20212022
Assets
Total assets20/58€464k€454k▼
Fixed assets21/28€246k€233k▼
Tangible fixed assets22/27€245k€231k▼
Land and buildings22€244k€231k▼
Furniture and vehicles24€1k€235▼
Financial fixed assets28€1k€1k=
Current assets29/58€218k€221k▲
Amounts receivable within one year40/41€218k€221k▲
Trade receivables40€175k€173k▼
Other amounts receivable41€43k€48k▲
Cash at bank and in hand54/58€361-
Equity and liabilities
Total equity and liabilities10/49€464k€454k▼
Equity10/15€108k€36k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€88k€16k▼
Amounts payable17/49€356k€418k▲
Amounts payable after more than one year17€239k€233k▼
Financial debts170/4€239k€233k▼
Amounts payable within one year42/48€117k€185k▲
Current portion of amounts payable after more than one year42€13k€20k▲
Financial debts43-€61k
Credit institutions430/8-€61k
Trade debts44€103k€102k▼
Suppliers440/4€103k€102k▼
Taxes, remuneration and social security45€649€916▲
Taxes450/3€326€326=
Remuneration and social security454/9€323€590▲
Other amounts payable47/48€139-
Income statement
Code20212022
Remuneration, social security and pensions62-€47k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€13k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€46k€828▼
Operating profit (loss)9901€38k€-63k▼
Financial income75/76B€163-
Recurring financial income75€163-
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€34k€-67k▼
Income taxes67/77-€5k
Profit (loss) for the period9904€34k€-72k▼
Profit (loss) for the period to be appropriated9905€34k€-72k▼
Appropriation of the result
Profit (loss) to be appropriated9906€88k€16k▼
Profit (loss) brought forward from the previous period14P€54k€88k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €47k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €4k | €4k | €4k | €13k | ▲ 224% |
| Other operating charges640/8 | - | - | - | €4k | €4k | ▲ 10.1% |
| Gross operating margin9900 | €22k | €20k | €50k | €46k | €828 | ▼ 98.2% |
| Operating profit (loss)9901 | €12k | €11k | €42k | €38k | €-63k | ▼ 267% |
| Financial income75/76B | - | - | - | €163 | - | - |
| Recurring financial income75 | - | - | - | €163 | - | - |
| Financial charges65/66B | - | - | - | €4k | €4k | ▼ 8.3% |
| Recurring financial charges65 | €1k | €2k | €2k | €4k | €4k | ▼ 8.3% |
| Profit (loss) for the period before taxes9903 | €11k | €9k | €40k | €34k | €-67k | ▼ 295% |
| Income taxes67/77 | - | - | €3k | - | €5k | - |
| Profit (loss) for the period9904 | €11k | €8k | €37k | €34k | €-72k | ▼ 311% |
| Profit (loss) for the period to be appropriated9905 | €11k | €8k | €37k | €34k | €-72k | ▼ 311% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71k | €175k | €255k | €464k | €454k | ▼ 2.2% |
| Fixed assets21/28 | €246 | €6k | €1k | €246k | €233k | ▼ 5.4% |
| Tangible fixed assets22/27 | €246 | €4k | - | €245k | €231k | ▼ 5.5% |
| Land and buildings22 | - | - | - | €244k | €231k | ▼ 5.1% |
| Furniture and vehicles24 | - | - | - | €1k | €235 | ▼ 80.8% |
| Financial fixed assets28 | - | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €71k | €170k | €253k | €218k | €221k | ▲ 1.5% |
| Amounts receivable within one year40/41 | €69k | €167k | €173k | €218k | €221k | ▲ 1.7% |
| Trade receivables40 | - | - | - | €175k | €173k | ▼ 1.2% |
| Other amounts receivable41 | - | - | - | €43k | €48k | ▲ 13.5% |
| Cash at bank and in hand54/58 | €2k | €3k | €80k | €361 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71k | €175k | €255k | €464k | €454k | ▼ 2.2% |
| Equity10/15 | €29k | €37k | €74k | €108k | €36k | ▼ 66.7% |
| Contributions10/11 | €19k | €19k | - | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €9k | €17k | €54k | €88k | €16k | ▼ 82.1% |
| Amounts payable17/49 | €42k | €138k | €180k | €356k | €418k | ▲ 17.5% |
| Amounts payable after more than one year17 | €1k | - | - | €239k | €233k | ▼ 2.5% |
| Financial debts170/4 | - | - | - | €239k | €233k | ▼ 2.5% |
| Amounts payable within one year42/48 | €41k | €138k | €180k | €117k | €185k | ▲ 58.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13k | €20k | ▲ 55.9% |
| Financial debts43 | - | - | - | - | €61k | - |
| Credit institutions430/8 | - | - | - | - | €61k | - |
| Trade debts44 | €9k | €63k | €176k | €103k | €102k | ▼ 0.6% |
| Suppliers440/4 | - | - | - | €103k | €102k | ▼ 0.6% |
| Taxes, remuneration and social security45 | - | - | - | €649 | €916 | ▲ 41.1% |
| Taxes450/3 | - | - | - | €326 | €326 | = |
| Remuneration and social security454/9 | - | - | - | €323 | €590 | ▲ 82.6% |
| Other amounts payable47/48 | - | - | - | €139 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €8k | €37k | €34k | €-72k | ▼ 311% |
| + Depreciation and write-downs630 | €5k | €4k | €4k | €4k | €13k | ▲ 224% |
| Operating cash flow (approximation) | €15k | €13k | €41k | €38k | €-59k | ▼ 253% |
| Investment in fixed assets (approximation) | - | €-10k | €0 | €-249k | €0 | ▲ 100% |
| Change in cash | - | €1k | €77k | €-80k | - | - |
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
11-07
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · event 24-06-2025
2024
31-10
KBO administration
Address struck
24-09
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 09-09-2024
22-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 266 days late
2022
31-12
Financial
Weakest financial yearnet €-72k
Net result drops to €-72k, the lowest in the series.
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 144 days late
11-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 195 days late
2021
31-12
Financial
Equity above €100kEq €108k ▲46.2%
4 profitable years in a row build equity to €108k.
2020
31-12
Financial
Highest result since 2018net €37k ▲342%
Operating result €42k, net result €37k, both a record.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
10-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 132 days late
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 91 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GUILLAUME SNEESSENS RUE SOUVERAINE 95,
1050 IXELLES |
09-09-2024 → 24-06-2025 |
Identification & contact
Identification
Legal formSPRL
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.