ELIWAN
ActiveSummary
ELIWAN has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €122,945 and a net result of €26,737. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 86% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▼-7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 7.64 against 6.22 in 2024; short-term debt: 11.2% and cash: 76.3% of total assets), and 11.2% of the assets are financed with debt.
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Signals
Four 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
88.8%
Return on assets
19.3%
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 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
8 d early
2023
2 d early
2022
3 d early
2021
2 d early
2020
17 d early
2019
72 d early
← 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 24 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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
In the rankings
#9 oldest company in Heist-op-den-Berg, Telecoms and IT sector
Equity
€122,945▲ 27.8%
2024 · €96,208
Total assets
€138,510▲ 25.9%
2024 · €110,037
Net result
€26,737▼ 15.6%
2024 · €31,675
Working capital
€103,413▲ 43.2%
2024 · €72,191
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€30,386▲ 44.2%€27,383▼ 9.9%€42,913▲ 56.7%€44,031▲ 2.6%€37,331▼ 15.2%
Net result€21,224▲ 64.5%€19,469▼ 8.3%€33,078▲ 69.9%€31,675▼ 4.2%€26,737▼ 15.6%
Equity€62,847▼ 26.7%€76,315▲ 21.4%€64,533▼ 15.4%€96,208▲ 49.1%€122,945▲ 27.8%
Total assets€95,099▼ 30.7%€90,013▼ 5.3%€107,011▲ 18.9%€110,037▲ 2.8%€138,510▲ 25.9%
Debt€32,253▼ 37.5%€13,697▼ 57.5%€42,478▲ 210%€13,829▼ 67.4%€15,565▲ 12.5%
Working capital€60,821▼ 18.6%€54,900▼ 9.7%€45,909▼ 16.4%€72,191▲ 57.2%€103,413▲ 43.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €138,510
Fixed assets
€19,532 ▼ 18.7%
Current assets
€118,978 ▲ 38.3%
Equity and liabilities €138,510
Equity
€122,945 ▲ 27.8%
Debt
€15,565 ▲ 12.5%
Debt's share of the balance-sheet total falls from 12.6% to 11.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41,816▼
2024 · €47,105
Cash flow
€31,222▼
2024 · €34,749
Current ratio
7.64▲
2024 · 6.22
Debt to equity
0.13▼
2024 · 0.14
ROE
21.7%▼
2024 · 32.9%
ROA
19.3%▼
2024 · 28.8%
Interest coverage
151.17▲
2024 · 145.88
Debt ≤ 1 year
€15,565▲
2024 · €13,829
Income taxes
€10,317▼
2024 · €12,043
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3,276 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,985 | €2,094 | €2,792 | €3,074 | €4,485 | ▲ 45.9% |
| Other operating charges640/8 | €1,787 | €1,839 | €278 | €518 | €520 | ▲ 0.3% |
| Non-recurring operating charges66A | - | €2,026 | - | - | - | - |
| Gross operating margin9900 | €49,158 | €33,341 | €45,983 | €47,623 | €42,336 | ▼ 11.1% |
| Operating profit (loss)9901 | €30,386 | €27,383 | €42,913 | €44,031 | €37,331 | ▼ 15.2% |
| Financial income75/76B | €7 | €0 | - | €10 | €0 | ▼ 98.6% |
| Recurring financial income75 | €7 | €0 | - | €10 | €0 | ▼ 98.6% |
| Financial charges65/66B | €916 | €324 | €253 | €323 | €277 | ▼ 14.3% |
| Recurring financial charges65 | €916 | €324 | €253 | €323 | €277 | ▼ 14.3% |
| Profit (loss) for the period before taxes9903 | €29,477 | €27,059 | €42,660 | €43,718 | €37,054 | ▼ 15.2% |
| Income taxes67/77 | €8,253 | €7,590 | €9,582 | €12,043 | €10,317 | ▼ 14.3% |
| Profit (loss) for the period9904 | €21,224 | €19,469 | €33,078 | €31,675 | €26,737 | ▼ 15.6% |
| Profit (loss) for the period to be appropriated9905 | €21,224 | €19,469 | €33,078 | €31,675 | €26,737 | ▼ 15.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €95,099 | €90,013 | €107,011 | €110,037 | €138,510 | ▲ 25.9% |
| Fixed assets21/28 | €2,026 | €21,415 | €18,624 | €24,017 | €19,532 | ▼ 18.7% |
| Tangible fixed assets22/27 | €2,026 | €21,415 | €18,624 | €24,017 | €19,532 | ▼ 18.7% |
| Land and buildings22 | €2,026 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €8,185 | €6,492 | ▼ 20.7% |
| Other tangible fixed assets26 | - | €21,415 | €18,624 | €15,832 | €13,040 | ▼ 17.6% |
| Current assets29/58 | €93,074 | €68,597 | €88,387 | €86,020 | €118,978 | ▲ 38.3% |
| Amounts receivable within one year40/41 | €10,347 | €22,894 | €22,553 | €14,930 | €11,820 | ▼ 20.8% |
| Trade receivables40 | €10,347 | €11,323 | €10,922 | €13,644 | €11,552 | ▼ 15.3% |
| Other amounts receivable41 | - | €11,570 | €11,631 | €1,286 | €267 | ▼ 79.2% |
| Current investments50/53 | €250 | €250 | €250 | €250 | €250 | = |
| Cash at bank and in hand54/58 | €81,837 | €44,751 | €64,824 | €69,652 | €105,686 | ▲ 51.7% |
| Deferred charges and accrued income490/1 | €639 | €703 | €760 | €1,187 | €1,222 | ▲ 2.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €95,099 | €90,013 | €107,011 | €110,037 | €138,510 | ▲ 25.9% |
| Equity10/15 | €62,847 | €76,315 | €64,533 | €96,208 | €122,945 | ▲ 27.8% |
| Contributions10/11 | €18,600 | €18,600 | €600 | €600 | €600 | = |
| Reserves13 | €44,247 | €57,715 | €63,933 | €95,608 | €122,345 | ▲ 28.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €42,387 | €55,855 | €63,933 | €95,608 | €122,345 | ▲ 28.0% |
| Amounts payable17/49 | €32,253 | €13,697 | €42,478 | €13,829 | €15,565 | ▲ 12.5% |
| Amounts payable within one year42/48 | €32,253 | €13,697 | €42,478 | €13,829 | €15,565 | ▲ 12.5% |
| Current portion of amounts payable after more than one year42 | €8,016 | - | - | - | - | - |
| Trade debts44 | €519 | €4,019 | €3,476 | €2,460 | €2,855 | ▲ 16.1% |
| Suppliers440/4 | €519 | €4,019 | €3,476 | €2,460 | €2,855 | ▲ 16.1% |
| Taxes, remuneration and social security45 | €11,687 | €9,678 | €14,002 | €11,369 | €12,710 | ▲ 11.8% |
| Taxes450/3 | €11,687 | €9,678 | €14,002 | €11,369 | €12,710 | ▲ 11.8% |
| Other amounts payable47/48 | €12,031 | - | €25,000 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,224 | €19,469 | €33,078 | €31,675 | €26,737 | ▼ 15.6% |
| + Depreciation and write-downs630 | €16,985 | €2,094 | €2,792 | €3,074 | €4,485 | ▲ 45.9% |
| Operating cash flow (approximation) | €38,209 | €21,562 | €35,870 | €34,749 | €31,222 | ▼ 10.1% |
| Investment in fixed assets (approximation) | - | -€21,484 | €0 | -€8,468 | €0 | ▲ 100% |
| Change in cash | - | -€37,086 | €20,073 | €4,828 | €36,034 | ▲ 646% |
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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100,000Eq €122,945 ▲27.8%
8 profitable years in a row build equity to €122,945.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 6.22
Current ratio from 2.08 to 6.22; short-term debt falls from €42,478 to €13,829.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €33,078 ▲69.9%
Net result €33,078, the highest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €12,906 ▼11.7%
Net result drops to €12,906, the lowest in the series; recovery starts the following year.
20-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Heist-op-den-Berg · 1 establishment unit since 2002
Ground area
690 m²
Building footprint
180 m²
Volume, LiDAR
822 m³
Parcel 12006D0027/00M000, Flanders · tallest building 5.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Eliwan
since 20022.101.581.610
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12006D0027/00M000 | Flanders | 690 m² | 1 · 180 m² | 5.4 m · 2 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.
Similar companies · same sector, comparable size
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Of 16,901 companies in sector 62100 we hold annual accounts for 8,775. 6,919 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
Founded17-01-2002
Fiscal year end31-12
Abbreviation NL
PROGS
Activities, NACEBEL 2025
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.