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Elitech

Active
Private limited companyfounded 20206 years activeRode Mutslaan 118, 9600 Ronse, BelgiumKBO/BCE: BE 0752.666.253
Summary

The computed 12-month bankruptcy probability of Elitech is 6.4% (elevated). The 2024 annual accounts show equity of €190,694 and a net result of €68,731. Equity is growing by ~79% per year across the filed fiscal years. Its solvency ranks better than 85% of 36,395 sector peers (NACE 43, fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
General electrical installation work
NACE 43211Installation of electric heating, air conditioning, cooling and ventilation NACE 43222
1 site
Size
€241,600total assets 2024
Staff
1.3 FTE
Equity
€190,694
Profit
€68,731
Turnover not published (abridged schema)
Financial health
39 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
6.4%
Structure
Accounts 69 days overdue1 of 3 deeds read
Why 39- Figures for FY 2024 (filed 31-07-2025)- 1 change of registered office in 24 months- Size: total assets €241,600- 1 financial year not filed after the legal deadlineShow the evidence

Checked score

Score 2024
39 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 76% of its sector peers (NACE 43, micro)
Financial strength · tick = 2023
Strong
Solvency 100=
equity 78.9% of total assets
Liquidity 47+4
short-term debt 21.1% · cash 2.9%
Profitability 100=
return on assets 28.4%
Bankruptcy probability, 12 months
6.4% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,518 companies)
Last 24 months 11-2024: 2.4% 12-2024: 2.4%● unchanged vs 11-2024 01-2025: 2.4%● unchanged vs 12-2024 02-2025: 2.5%▲ +0.1 percentage points vs 01-2025 03-2025: 2.5%● unchanged vs 02-2025 04-2025: 1.8%▼ -0.7 percentage points vs 03-2025 05-2025: 1.9%▲ +0.1 percentage points vs 04-2025 06-2025: 1.9%● unchanged vs 05-2025 07-2025: 2.0%▲ +0.1 percentage points vs 06-2025 08-2025: 1.1%▼ -0.9 percentage points vs 07-2025 09-2025: 1.1%● unchanged vs 08-2025 10-2025: 1.1%● unchanged vs 09-2025 11-2025: 1.0%▼ -0.1 percentage points vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025lowest value 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026 04-2026: 1.1%▲ +0.1 percentage points vs 03-2026 05-2026: 1.1%● unchanged vs 04-2026 06-2026: 1.1%● unchanged vs 05-2026 07-2026: 1.2%▲ +0.1 percentage points vs 06-2026 08-2026: 1.7%▲ +0.5 percentage points vs 07-2026 09-2026: 1.8%▲ +0.1 percentage points vs 08-2026 10-2026: 6.4%▲ +4.6 percentage points vs 09-2026highest value
Credit up to €7,000 at 30 days only on tighter terms
Liquidity ample (current ratio 4.58 against 3.83 in 2023; short-term debt: 21.1% and cash: 2.9% of total assets), and 21.1% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 90% on solvency, 38% on liquidity, 93% on profitability and 85% on growth.

The bankruptcy probability was computed on 07-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
+raises risk○neutral
raises risk · Figures for FY 2024 (filed 31-07-2025)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian State Gazette
raises risk · Size: total assets €241,600
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline
NBB · filings
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-07-2025, 2 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
not confirmed
2024
2 days early
2023
30 days late
2022
4 days early
2021
22 days late
2020
5 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Resignation: Marzouki Elies (director)Appointment: Haddad M'Saouri Bilal (director)…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Highest result since 2020net €68,731 ▲4.3%

Key points

  • Positive: Among the best 9% on net resultsector median €9,285 · 36,362 companies €68,731 View
  • Caution: Accounts not fileddeadline was 31-07-2026 69 days late View
  • Positive: Equity rose in 2024from €121,963 to €190,694 ▲ 56.4% View
  • Positive: 5 profitable years in a rowprofit 2024: €68,731 5 years View

By topic

Financials

Fiscal year
2024
Total assets
€241,600
Profit
€68,731
Solvency
78.9%
Total assets▲ 48.8%
Net result
20202024
Go to Financials

Timeline

Events
10
Since
2021
  1. 31-12-2024Equity above €150,000
  2. 30-08-2024Annual accounts filed
  3. 31-12-2023Equity above €100,000
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
General electrical installation workNACE 43211
Founded
17-08-2020
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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