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Complete company report
Generated 29-07-2026
Active BE 0785.366.537Private limited company

ELIZ

Rue du Trannoy 20 ·7390 Quaregnon, Belgium· 4 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of ELIZ is 4.2% (elevated). The 2024 annual accounts show negative equity (€-9k) and a net result of €1k. Equity is shrinking by ~206.4% per year across the filed fiscal years. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €-9k
Net result €1k
Active 4 yrs
Locations 1
Snowflake analysis 5 axes · computed by Checked
Health16Profitability0Solvency33Growth58Stability94
40 / 100

Fragile profile, watch profitability in particular.

Health 16
Profitability 0
Solvency 33
Growth 58
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
4.2% Elevated
0%0,5%1,5%4%10%≥25%
Young company +No NACE activity registered +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
16 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 23-06-2025 with the NBB · fiscal year 2024 · micro
€-10k€-8k€-5k€-3k€0€3kOperating result 2022: €-7k€-7kNet result 2022: €-8k€-8kOperating result 2023: €-82€-82Net result 2023: €-2k€-2kOperating result 2024: €2k€2kNet result 2024: €1k€1k202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~206.4%/year over 3 fiscal years, indicative, assuming unchanged policy.
€-100k€-50k€0€50k2025: €-30k (€-30k - €-29k)2026: €-50k (€-51k - €-50k)2027: €-71k (€-72k - €-70k)2022: €32k2023: €-10k2024: €-9k202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA
€6k
+48.9% 22-24
Net profit
€1k
- 22-24
Cash flow
€5k
+164.0% 22-24
Total assets
€134k
-3.2% 22-24
Equity
€-9k
+10.6% 22-24
Working capital
€-44k
+0.9% 22-24
Debt
€143k
-3.7% 22-24
Debt ≤ 1y
€44k
-1.1% 22-24
Debt > 1y
€99k
-4.9% 22-24
Current ratio
0.01
-20.7% 22-24
Quick ratio
0.01
-20.7% 22-24
Solvency
-6.7%
+7.6% 22-24
Debt / equity
-16.01
-7.6% 22-24
ROE
-11.8%
- 22-24
ROA
0.8%
- 22-24
Interest coverage
6.62
+244.7% 22-24
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€6k
Net profit€1k
Cash flow€5k
Staff costs-
Income taxes-
Dividends-
Total assets€134k
Equity€-9k
Debt€143k
of which ≤ 1y€44k
of which > 1y€99k
Working capital€-44k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.01
Quick ratio0.01
Working capital ratio-32.9%
Solvency-6.7%
Debt / equity-16.01
Long-term debt ratio-11.04
Interest coverage6.62
Gross margin-
Net margin-
ROA0.8%
ROE-11.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€134k
Fixed assets 21/28€134k
Tangible fixed assets 22/27€134k
Current assets 29/58€335
Cash & bank 54/58€335
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€134k
Equity 10/15€-9k
Accumulated profits (losses) 14€-9k
Amounts payable 17/49€143k
Amounts payable after one year 17€99k
Amounts payable within one year 42/48€44k
Income statement
Gross operating margin 9900€8k
Operating result 9901€2k
Financial charges 65€971
Result before taxes 9903€1k
Net result for the period 9904€1k
Result to be appropriated 9905€1k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary -
Legal form Private limited company(610)
Incorporation25-04-2022
StatusActive
Postal code7390
Establishment units 1 location
ELIZ
Rue A. Defrise (Jem. II) 3, 7012 MonsOntwikkeling van residentiële bouwprojecten
since 20222.334.845.428
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
53027B0028/00F004 Wallonia 362 m² 1 · 68 m² 4.8 m · 1 fl.
53512C0444/00Y021 Wallonia 334 m² 1 · 77 m² 9.4 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 5 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
23-06-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
11-04-2025
State Gazette act Director changes
2024
14-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
14-08-2024
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
29-08-2022
State Gazette act Director changes
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 1 year ago
2025
11-04-2025 2 resigning Director changes
  • Dogan Cinar, Commissaris
  • Dogan Cinar, Gedelegeerd bestuurder
Technical details 
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      "evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale donne d\u00E9charge \u00E0 cette personne pour l\u0027exercice de son mandat.",
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    {
      "kind": "director_out",
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  ],
  "notary": {
    "name": null,
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    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2025-04-11",
    "filing_date": null,
    "act_kind_objet": "Obiet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2025-02-20",
      "unanimous": null
    },
    {
      "body": "organe d\u0027administration",
      "date": "2025-02-20",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0785.366.537",
    "name_full": "ELIZ",
    "legal_form": "SRL"
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": null,
    "org_name": "Cinar Serkan, Cinar Dogan \u0026 Dujacquier Aline",
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "le rapport de l\u0027organe d\u0027administration du 20/02/2025",
    "le proc\u00E8s-verbal de l\u0027assembl\u00E9e g\u00E9n\u00E9rale du 20/02/2025"
  ],
  "corrected_publication_numac": null
}
2022
29-08-2022 4 directors appointed Director changes
  • DUJACQUIER Aline, Commissaris
  • CINAR Serkan, Commissaris
  • CINAR Dogan, Commissaris
  • ASBL UCM Guichet d'entreprises, Dagelijks bestuur
Technical details 
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      },
      "reason": null,
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      "effective_date": "2022-07-12",
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    {
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    {
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      "role": "dagelijks_bestuur",
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        "name": "ASBL UCM Guichet d\u0027entreprises",
        "address": "Chauss\u00E9e de Marche, 637, airnsl",
        "country": "BE",
        "legal_form": "ASBL"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale donne procuration \u00E0 l\u0027ASBL UCM Guichet d\u0027entreprises, num\u00E9ro d\u0027entreprise 0480.411.504 dont le si\u00E8ge social est situ\u00E9 \u00E0 5100 Namur (Wierde), Chauss\u00E9e de Marche, 637, airnsl qu\u0027\u00E0 toute personne travaillant pour l\u0027ASBL UCM Guichet d\u0027entrepr\u00EDses afin d\u0027accomplir les actes n\u00E9cessair",
      "decharge_status": null,
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  "act_meta": {
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  },
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  "co_filed_documents": [
    "PV d\u0027AG sign\u00E9",
    "procuration"
  ],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR ELIZ
Registered office
Rue du Trannoy 20
7390 Quaregnon, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative