ELIXINE
ActiveSummary
ELIXINE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.46M and a net result of €-4k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 90% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-1
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity short (current ratio 0.47 against 0.36 in 2024; short-term debt: 5.9% and cash: 1% of total assets), and 18.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
81.1%
Return on assets
-0.2%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
9 d early
2023
21 d early
2022
45 d early
2021
33 d early
2020
22 d early
2019
49 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-4k
2024 · €3k
2018: €51k
2019: €162k▲ +218% vs 2018highest in 8 years
2020: €-4k▼ -102% vs 2019
2021: €-19k▼ -421% vs 2020
2022: €-117k▼ -510% vs 2021lowest in 8 years
2023: €-13k▲ +88.8% vs 2022
2024: €3k▲ +121% vs 2023
2025: €-4k▼ -240% vs 2024
2018 → 2025
Working capital
€-56k▲ 39.7%
2024 · €-93k
2018: €1.20Mhighest in 8 years
2019: €654k▼ -45.3% vs 2018
2020: €629k▼ -3.8% vs 2019
2021: €659k▲ +4.9% vs 2020
2022: €-28k▼ -104% vs 2021
2023: €-15k▲ +46.0% vs 2022
2024: €-93k▼ -515% vs 2023lowest in 8 years
2025: €-56k▲ +39.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.59M-€1.48M▼ 7.4%€1.46M▼ 0.9%€1.47M▲ 0.2%€1.46M▼ 0.3%
2021: €1.59Mhighest in 5 years
2022: €1.48M▼ -7.4% vs 2021
2023: €1.46M▼ -0.9% vs 2022
2024: €1.47M▲ +0.2% vs 2023
2025: €1.46M▼ -0.3% vs 2024lowest in 5 years
Operating result€-39k-€-132k▼ 240%€2k€17k▲ 782%€11k▼ 33.1%
2021: €-39k
2022: €-132k▼ -240% vs 2021lowest in 5 years
2023: €2k▲ +101% vs 2022
2024: €17k▲ +782% vs 2023highest in 5 years
2025: €11k▼ -33.1% vs 2024
Net result€-19k-€-117k▼ 510%€-13k▲ 88.8%€3k€-4k
2021: €-19k
2022: €-117k▼ -510% vs 2021lowest in 5 years
2023: €-13k▲ +88.8% vs 2022
2024: €3k▲ +121% vs 2023highest in 5 years
2025: €-4k▼ -240% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.80M
Fixed assets
€1.75M ▼ 6.0%
Current assets
€50k ▼ 2.5%
Equity and liabilities €1.80M
Equity
€1.46M ▼ 0.3%
Debt
€340k ▼ 24.3%
Debt's share of the balance-sheet total falls from 23.4% to 18.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€123k▼
2024 · €125k
Cash flow
€108k▼
2024 · €111k
Current ratio
0.47▲
2024 · 0.36
Quick ratio
0.21▲
2024 · 0.06
Debt to equity
0.23▼
2024 · 0.31
ROE
-0.3%▼
2024 · 0.2%
ROA
-0.2%▼
2024 · 0.1%
Interest coverage
8.05▼
2024 · 8.75
Debt ≤ 1 year
€106k▼
2024 · €145k
Debt > 1 year
€233k▼
2024 · €304k
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 · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.91M€1.80M▼
Fixed assets21/28€1.86M€1.75M▼
Tangible fixed assets22/27€1.86M€1.75M▼
Land and buildings22€1.86M€1.75M▼
Furniture and vehicles24€1k€191▼
Current assets29/58€52k€50k▼
Stocks and contracts in progress3€43k€28k▼
Stocks30/36€43k€28k▼
Amounts receivable within one year40/41€2k€3k▲
Trade receivables40€2k€1k▼
Other amounts receivable41-€1k
Cash at bank and in hand54/58€2k€17k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.91M€1.80M▼
Equity10/15€1.47M€1.46M▼
Contributions10/11€1.56M€1.56M=
Capital10€1.56M€1.56M=
Issued capital100€1.56M€1.56M=
Reserves13€53k€53k=
Non-distributable reserves130/1€53k€53k=
Legal reserve130€53k€53k=
Profit (loss) carried forward14€-149k€-153k▼
Amounts payable17/49€449k€340k▼
Amounts payable after more than one year17€304k€233k▼
Financial debts170/4€304k€233k▼
Amounts payable within one year42/48€145k€106k▼
Current portion of amounts payable after more than one year42€82k€71k▼
Trade debts44€11k€12k▲
Suppliers440/4€11k€12k▲
Taxes, remuneration and social security45€1k-
Taxes450/3€1k-
Other amounts payable47/48€51k€23k▼
Income statement
Code20242025
Remuneration, social security and pensions62€-73-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€108k€111k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€16k
Other operating charges640/8€16k-
Gross operating margin9900€141k€139k▼
Operating profit (loss)9901€17k€11k▼
Financial income75/76B€85€0▼
Recurring financial income75€85€0▼
Financial charges65/66B€14k€15k▲
Recurring financial charges65€14k€15k▲
Profit (loss) for the period before taxes9903€3k€-4k▼
Income taxes67/77€213-
Profit (loss) for the period9904€3k€-4k▼
Profit (loss) for the period to be appropriated9905€3k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-149k€-153k▼
Profit (loss) brought forward from the previous period14P€-152k€-149k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €8k | - | - | - |
| Remuneration, social security and pensions62 | €33k | €22k | €4k | €-73 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €111k | €213k | €107k | €108k | €111k | ▲ 3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €16k | - |
| Other operating charges640/8 | €23k | €12k | €16k | €16k | - | - |
| Gross operating margin9900 | €129k | €116k | €128k | €141k | €139k | ▼ 1.3% |
| Operating profit (loss)9901 | €-39k | €-132k | €2k | €17k | €11k | ▼ 33.1% |
| Financial income75/76B | €22k | €19k | €106 | €85 | €0 | ▼ 99.7% |
| Recurring financial income75 | €22k | €19k | €106 | €85 | €0 | ▼ 99.7% |
| Financial charges65/66B | €4k | €3k | €15k | €14k | €15k | ▲ 6.8% |
| Recurring financial charges65 | €4k | €3k | €15k | €14k | €15k | ▲ 6.8% |
| Profit (loss) for the period before taxes9903 | €-20k | €-116k | €-13k | €3k | €-4k | ▼ 230% |
| Income taxes67/77 | €-1k | €1k | €0 | €213 | - | - |
| Profit (loss) for the period9904 | €-19k | €-117k | €-13k | €3k | €-4k | ▼ 240% |
| Profit (loss) for the period to be appropriated9905 | €-19k | €-117k | €-13k | €3k | €-4k | ▼ 240% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.85M | €2.05M | €1.95M | €1.91M | €1.80M | ▼ 5.9% |
| Fixed assets21/28 | €1.12M | €1.97M | €1.86M | €1.86M | €1.75M | ▼ 6.0% |
| Tangible fixed assets22/27 | €1.12M | €1.97M | €1.86M | €1.86M | €1.75M | ▼ 6.0% |
| Land and buildings22 | €1.11M | €1.97M | €1.86M | €1.86M | €1.75M | ▼ 5.9% |
| Furniture and vehicles24 | €5k | €3k | €2k | €1k | €191 | ▼ 82.0% |
| Current assets29/58 | €731k | €76k | €87k | €52k | €50k | ▼ 2.5% |
| Stocks and contracts in progress3 | €39k | €38k | €47k | €43k | €28k | ▼ 36.4% |
| Stocks30/36 | €39k | €38k | €47k | €43k | €28k | ▼ 36.4% |
| Amounts receivable within one year40/41 | €676k | €27k | €5k | €2k | €3k | ▲ 50.6% |
| Trade receivables40 | €10k | €4k | €2k | €2k | €1k | ▼ 27.6% |
| Other amounts receivable41 | €666k | €23k | €3k | - | €1k | - |
| Cash at bank and in hand54/58 | €14k | €10k | €31k | €2k | €17k | ▲ 689% |
| Deferred charges and accrued income490/1 | €2k | €2k | €4k | €4k | €3k | ▼ 32.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.85M | €2.05M | €1.95M | €1.91M | €1.80M | ▼ 5.9% |
| Equity10/15 | €1.59M | €1.48M | €1.46M | €1.47M | €1.46M | ▼ 0.3% |
| Contributions10/11 | €1.56M | €1.56M | €1.56M | €1.56M | €1.56M | = |
| Capital10 | €1.56M | €1.56M | €1.56M | €1.56M | €1.56M | = |
| Issued capital100 | €1.56M | €1.56M | €1.56M | €1.56M | €1.56M | = |
| Reserves13 | €53k | €53k | €53k | €53k | €53k | = |
| Non-distributable reserves130/1 | €53k | €53k | €53k | €53k | €53k | = |
| Legal reserve130 | €53k | €53k | €53k | €53k | €53k | = |
| Profit (loss) carried forward14 | €-21k | €-138k | €-152k | €-149k | €-153k | ▼ 2.6% |
| Amounts payable17/49 | €253k | €571k | €488k | €449k | €340k | ▼ 24.3% |
| Amounts payable after more than one year17 | €182k | €466k | €386k | €304k | €233k | ▼ 23.3% |
| Financial debts170/4 | €182k | €466k | €386k | €304k | €233k | ▼ 23.3% |
| Amounts payable within one year42/48 | €71k | €104k | €102k | €145k | €106k | ▼ 26.4% |
| Current portion of amounts payable after more than one year42 | €48k | €79k | €81k | €82k | €71k | ▼ 13.4% |
| Trade debts44 | €16k | €18k | €21k | €11k | €12k | ▲ 17.9% |
| Suppliers440/4 | €16k | €18k | €21k | €11k | €12k | ▲ 17.9% |
| Taxes, remuneration and social security45 | €6k | €7k | €576 | €1k | - | - |
| Taxes450/3 | €12 | €1k | €576 | €1k | - | - |
| Remuneration and social security454/9 | €6k | €5k | €0 | - | - | - |
| Other amounts payable47/48 | - | - | €84 | €51k | €23k | ▼ 54.7% |
| Accrued charges and deferred income492/3 | €60 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-19k | €-117k | €-13k | €3k | €-4k | ▼ 240% |
| + Depreciation and write-downs630 | €111k | €213k | €107k | €108k | €111k | ▲ 3.2% |
| Operating cash flow (approximation) | €91k | €96k | €93k | €111k | €108k | ▼ 2.8% |
| Investment in fixed assets (approximation) | - | €-1.07M | €0 | €-107k | €0 | ▲ 100% |
| Change in cash | - | €-4k | €22k | €-29k | €15k | ▲ 152% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 24 days late
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after 4 loss-making years.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-117k
Net result drops to €-117k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 5current ratio 8.57
Current ratio from 1.64 to 8.57; short-term debt falls from €1.02M to €83k.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €162k ▲218%
Operating result €228k, net result €162k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
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 8 acts read
About the unread acts
We know of 8 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
8 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, Sint-Niklaas · 1 establishment unit since 2001
Ground area
2,181 m²
Building footprint
217 m²
Volume, LiDAR
1,642 m³
Parcel 46442C0722/00F002, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Houten Schoen 39, 9100 Sint-Niklaas
since 20012.131.687.440
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46442C0722/00F002 | Flanders | 2,181 m² | 1 · 217 m² | 12.1 m · 3 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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Of 3,826 companies in sector 47210 we hold annual accounts for 965. 278 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-09-2000
Fiscal year end31-12
Activities, NACEBEL 2025
47210Retail sale of fruit and vegetables
47221Retail sale of meat and meat products, excluding game and poultry
47241Retail sale of bread and pastry (bakery outlets)
47271Retail trade
56112Limited-service restaurants, excluding mobile food services
Contact
Website
www.masoeuretmoi-boutique.be
Scores and ratios are computed by Checked and are not a credit decision.