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Elithi

Active
Private limited companyfounded 2022active for 4 yearsGalgewegel 29, 8790 Waregem, BelgiumKBO/BCE: BE 0783.920.742
Summary

The computed 12-month bankruptcy probability of Elithi is 2.1% (moderate). The annual accounts of Elithi for financial year 2026 show a net loss of 64% of total assets. The 2026 annual accounts show equity of €11,363 and a net result of -€9,193. Equity is shrinking by about 14% per year across the filed financial years. The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Waste collection, recovery and disposal activities
NACE 38110
1 site
Size
€14,351total assets 2026
Equity
€11,363
Loss
-€9,193
Turnover not published (abbreviated or micro format)
Financial health
53 Fair Checked score 2026
Bankruptcy probabilitywithin 12 months
2.1%
Structure
Accounts 41 days early0 of 2 deeds read
Why 53raises risk1 change of registered office in 24 monthsFounded in 2022Loss of €9,193 (financial year 2026)lowers riskFigures for financial year 2026 (filed 20-09-2026)Show the evidence

Checked score

Score 2026
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 41% of its sector peers (NACE 38, micro)
Financial strength · tick = 2025
Average
Solvency 100=
equity 79.2% of total assets
Liquidity 50+5
short-term debt 20.8% · cash 5.7%
Profitability 0-69
return on assets -64.1%
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (517 companies, NACE 38, micro)
Last 24 months 11-2024: 1.3% 12-2024: 1.2%▼ -0.1 percentage points vs 11-2024 01-2025: 1.2%● unchanged vs 12-2024 02-2025: 1.2%● unchanged vs 01-2025 03-2025: 1.2%● unchanged vs 02-2025 04-2025: 1.2%● unchanged vs 03-2025 05-2025: 1.2%● unchanged vs 04-2025lowest value 06-2025: 1.2%● unchanged vs 05-2025 07-2025: 2.2%▲ +1.0 percentage point vs 06-2025 08-2025: 2.6%▲ +0.4 percentage points vs 07-2025 09-2025: 2.6%● unchanged vs 08-2025 10-2025: 2.7%▲ +0.1 percentage points vs 09-2025 11-2025: 3.5%▲ +0.8 percentage points vs 10-2025highest value 12-2025: 2.3%▼ -1.2 percentage points vs 11-2025 01-2026: 2.3%● unchanged vs 12-2025 02-2026: 2.3%● unchanged vs 01-2026 03-2026: 2.1%▼ -0.2 percentage points vs 02-2026 04-2026: 2.1%● unchanged vs 03-2026 05-2026: 2.1%● unchanged vs 04-2026 06-2026: 2.2%▲ +0.1 percentage points vs 05-2026 07-2026: 2.7%▲ +0.5 percentage points vs 06-2026 08-2026: 3.4%▲ +0.7 percentage points vs 07-2026 09-2026: 3.5%▲ +0.1 percentage points vs 08-2026 10-2026: 2.1%▼ -1.4 percentage points vs 09-2026
Credit of up to €500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.35, compared with 1.04 in 2025; short-term debt: 20.8% and cash: 5.7% of total assets), and 20.8% of the assets are financed with debt and provisions.
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 38, micro): better than 91% on solvency, 56% on liquidity, 6% on profitability and 12% on growth.

The bankruptcy probability was computed on 11-10-2026 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.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Founded in 2022
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Figures for financial year 2026 (filed 20-09-2026)
NBB · annual accounts
raises risk · Loss of €9,193 (financial year 2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 20-09-2026, 41 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2026
41 days early
2025
23 days late
2024
28 days late
2023
21 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 8 days after the deadline; the sector median (NACE 38) for financial year 2024 is 8 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 22 November (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2022.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2026 · micro…
  2. Weakest financial yearnet -€9,193
  3. Annual accounts filedfinancial year 2025 · micro…

Key points

  • Total assets 20264 financial years filed €14,351 View
  • Active since 2022founded 28-03-2022 4 years View

By topic

Financials

Financial year
2026
Total assets
€14,351
Loss
-€9,193
Solvency
79.2%
Total assets▼ 45.0%
Net result
20232026
Go to Financials

Timeline

Events
6
Since
2023
Next accounts
by 31-10-2027
  1. 31-03-2025Back to profit
  2. 28-11-2024Annual accounts filed
  3. 21-11-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Waste collection, recovery and disposal activitiesNACE 38110
Founded
28-03-2022
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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