ELIVAN
ActiveSummary
ELIVAN has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €112,146 and a net result of €7,938. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-2
Solvency37▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.04 in 2024; short-term debt: 3.4% and cash: 3.9% of total assets), and 88.2% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.8%
Return on assets
0.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
31 d early
2024
20 d early
2023
27 d early
2022
4 d early
2021
27 d early
2020
17 d early
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€112,146▲ 7.6%
2024 · €104,208
Total assets
€947,813▼ 0.8%
2024 · €955,796
Net result
€7,938▼ 62.5%
2024 · €21,194
Working capital
€5,114▲ 255%
2024 · €1,443
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
Line20212022202320242025
Operating result-€122,450€2,635€13,836▲ 425%€23,371▲ 68.9%€10,041▼ 57.0%
Net result-€125,229€114€11,494▲ 9,980%€21,194▲ 84.4%€7,938▼ 62.5%
Equity€71,406▼ 63.7%€71,520▲ 0.2%€83,014▲ 16.1%€104,208▲ 25.5%€112,146▲ 7.6%
Total assets€954,440▲ 152%€950,672▼ 0.4%€953,712▲ 0.3%€955,796▲ 0.2%€947,813▼ 0.8%
Debt€883,034▲ 353%€879,152▼ 0.4%€870,698▼ 1.0%€851,588▼ 2.2%€835,667▼ 1.9%
Working capital€2,539▼ 98.3%-€23,779-€15,753▲ 33.8%€1,443€5,114▲ 255%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 57% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €947,813
Fixed assets
€910,210 ▼ 1.0%
Current assets
€37,603 ▲ 3.8%
Equity and liabilities €947,813
Equity
€112,146 ▲ 7.6%
Debt
€835,667 ▼ 1.9%
Debt's share of the balance-sheet total falls from 89.1% to 88.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19,396▼
2024 · €32,840
Cash flow
€17,293▼
2024 · €30,662
Current ratio
1.16▲
2024 · 1.04
Debt to equity
7.45▼
2024 · 8.17
ROE
7.1%▼
2024 · 20.3%
ROA
0.8%▼
2024 · 2.2%
Interest coverage
10.49▼
2024 · 16.82
Debt ≤ 1 year
€32,488▼
2024 · €34,788
Debt > 1 year
€802,389▼
2024 · €816,011
Income taxes
€256▲
2024 · €225
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €169,738 | €11,133 | €9,682 | €9,468 | €9,356 | ▼ 1.2% |
| Other operating charges640/8 | €2,227 | €1,957 | €5,629 | €5,644 | €6,175 | ▲ 9.4% |
| Gross operating margin9900 | €49,515 | €15,724 | €29,146 | €38,484 | €25,571 | ▼ 33.6% |
| Operating profit (loss)9901 | -€122,450 | €2,635 | €13,836 | €23,371 | €10,041 | ▼ 57.0% |
| Financial income75/76B | €1 | - | €0 | - | €2 | - |
| Recurring financial income75 | €1 | - | €0 | - | €2 | - |
| Financial charges65/66B | €2,565 | €2,297 | €2,116 | €1,952 | €1,849 | ▼ 5.3% |
| Recurring financial charges65 | €2,565 | €2,297 | €2,116 | €1,952 | €1,849 | ▼ 5.3% |
| Profit (loss) for the period before taxes9903 | -€125,014 | €338 | €11,720 | €21,419 | €8,193 | ▼ 61.7% |
| Income taxes67/77 | €215 | €224 | €227 | €225 | €256 | ▲ 13.6% |
| Profit (loss) for the period9904 | -€125,229 | €114 | €11,494 | €21,194 | €7,938 | ▼ 62.5% |
| Profit (loss) for the period to be appropriated9905 | -€125,229 | €114 | €11,494 | €21,194 | €7,938 | ▼ 62.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €954,440 | €950,672 | €953,712 | €955,796 | €947,813 | ▼ 0.8% |
| Fixed assets21/28 | €926,234 | €938,716 | €929,034 | €919,566 | €910,210 | ▼ 1.0% |
| Tangible fixed assets22/27 | €926,234 | €938,716 | €929,034 | €919,566 | €910,210 | ▼ 1.0% |
| Land and buildings22 | €925,470 | €925,189 | €918,827 | €912,464 | €906,102 | ▼ 0.7% |
| Furniture and vehicles24 | €765 | €13,527 | €10,208 | €7,102 | €4,109 | ▼ 42.1% |
| Current assets29/58 | €28,206 | €11,956 | €24,677 | €36,230 | €37,603 | ▲ 3.8% |
| Amounts receivable within one year40/41 | €9,916 | €26 | €760 | €84 | €97 | ▲ 15.9% |
| Trade receivables40 | €360 | - | €612 | - | €97 | - |
| Other amounts receivable41 | €9,556 | €26 | €148 | €84 | - | - |
| Cash at bank and in hand54/58 | €17,655 | €11,724 | €23,697 | €35,980 | €37,315 | ▲ 3.7% |
| Deferred charges and accrued income490/1 | €635 | €207 | €220 | €167 | €191 | ▲ 14.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €954,440 | €950,672 | €953,712 | €955,796 | €947,813 | ▼ 0.8% |
| Equity10/15 | €71,406 | €71,520 | €83,014 | €104,208 | €112,146 | ▲ 7.6% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €61,406 | €61,520 | €73,014 | €94,208 | €102,146 | ▲ 8.4% |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | €59,546 | €61,520 | €73,014 | €94,208 | €102,146 | ▲ 8.4% |
| Amounts payable17/49 | €883,034 | €879,152 | €870,698 | €851,588 | €835,667 | ▼ 1.9% |
| Amounts payable after more than one year17 | €855,687 | €842,656 | €829,432 | €816,011 | €802,389 | ▼ 1.7% |
| Financial debts170/4 | €130,687 | €117,656 | €104,432 | €91,011 | €77,389 | ▼ 15.0% |
| Other amounts payable178/9 | €725,000 | €725,000 | €725,000 | €725,000 | €725,000 | = |
| Amounts payable within one year42/48 | €25,667 | €35,736 | €40,431 | €34,788 | €32,488 | ▼ 6.6% |
| Current portion of amounts payable after more than one year42 | €12,839 | €13,030 | €13,224 | €13,422 | €13,622 | ▲ 1.5% |
| Trade debts44 | €7,762 | €348 | €4,257 | €361 | €187 | ▼ 48.3% |
| Suppliers440/4 | €7,762 | €348 | €4,257 | €361 | €187 | ▼ 48.3% |
| Taxes, remuneration and social security45 | €2,894 | - | - | - | €516 | - |
| Taxes450/3 | €2,894 | - | - | - | €516 | - |
| Other amounts payable47/48 | €2,172 | €22,358 | €22,949 | €21,006 | €18,164 | ▼ 13.5% |
| Accrued charges and deferred income492/3 | €1,680 | €760 | €835 | €790 | €790 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€125,229 | €114 | €11,494 | €21,194 | €7,938 | ▼ 62.5% |
| + Depreciation and write-downs630 | €169,738 | €11,133 | €9,682 | €9,468 | €9,356 | ▼ 1.2% |
| Operating cash flow (approximation) | €44,509 | €11,247 | €21,176 | €30,662 | €17,293 | ▼ 43.6% |
| Investment in fixed assets (approximation) | - | -€23,614 | €0 | €0 | €0 | - |
| Change in cash | - | -€5,931 | €11,973 | €12,283 | €1,335 | ▼ 89.1% |
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
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100,000Eq €104,208 ▲25.5%
3 profitable years in a row build equity to €104,208.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €114
Net result €114 after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€125,229
Net result drops to -€125,229, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity triplescurrent ratio 4.92
Current ratio from 1.71 to 4.92; short-term debt falls from €82,723 to €39,134.
31-12
Financial
Equity above €150,000Eq €196,635 ▲42.4%
3 profitable years in a row build equity to €196,635.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
31-12
Financial
Equity above €100,000Eq €138,042 ▲235%
2 profitable years in a row build equity to €138,042.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Kortrijk · 1 establishment unit since 2017
Ground area
904 m²
Building footprint
900 m²
Volume, LiDAR
7,284 m³
Parcel 34022G0330/00F000, Flanders · tallest building 17.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ELIVAN
since 20172.261.658.334
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022G0330/00F000 | Flanders | 904 m² | 1 · 900 m² | 17.6 m · 4 fl. |
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.
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DAPELO
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Of 12,042 companies in sector 68203 we hold annual accounts for 5,993. 3,875 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
Founded08-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.