ELKA
ActiveSummary
ELKA has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.40M and a net result of €32k. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 54% of 15865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability63▲+13
Solvency69▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days only on tighter terms
Liquidity short (current ratio 0.35 against 0.38 in 2023; short-term debt: 17.3% and cash: 5.9% of total assets), and 55.5% 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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more 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 2024Solvency, return and age of the figures
Solvency
44.5%
Return on assets
1%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-03-2026, 225 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
225 d late
2023
177 d late
2022
153 d late
2021
148 d late
2020
207 d late
2019
92 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€1.40M▲ 2.3%
2023 · €1.37M
2018: €928klowest in 7 years
2019: €1.09M▲ +17.2% vs 2018
2020: €1.32M▲ +21.4% vs 2019
2021: €1.33M▲ +0.4% vs 2020
2022: €1.35M▲ +2.2% vs 2021
2023: €1.37M▲ +1.2% vs 2022
2024: €1.40M▲ +2.3% vs 2023highest in 7 years
2018 → 2024
Total assets
€3.15M▼ 3.0%
2023 · €3.25M
2018: €3.31M
2019: €3.34M▲ +1.0% vs 2018
2020: €3.50M▲ +4.7% vs 2019highest in 7 years
2021: €3.40M▼ -2.9% vs 2020
2022: €3.31M▼ -2.5% vs 2021
2023: €3.25M▼ -1.8% vs 2022
2024: €3.15M▼ -3.0% vs 2023lowest in 7 years
2018 → 2024
Net result
€32k▲ 92.0%
2023 · €16k
2018: €249khighest in 7 years
2019: €159k▼ -36.0% vs 2018
2020: €128k▼ -19.6% vs 2019
2021: €5k▼ -95.8% vs 2020lowest in 7 years
2022: €29k▲ +442% vs 2021
2023: €16k▼ -43.8% vs 2022
2024: €32k▲ +92.0% vs 2023
2018 → 2024
Working capital
€-353k▼ 6.0%
2023 · €-333k
2018: €-608klowest in 7 years
2019: €-395k▲ +35.1% vs 2018
2020: €-361k▲ +8.6% vs 2019
2021: €-375k▼ -4.0% vs 2020
2022: €-360k▲ +4.0% vs 2021
2023: €-333k▲ +7.5% vs 2022highest in 7 years
2024: €-353k▼ -6.0% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.32M-€1.33M▲ 0.4%€1.35M▲ 2.2%€1.37M▲ 1.2%€1.40M▲ 2.3%
2020: €1.32Mlowest in 5 years
2021: €1.33M▲ +0.4% vs 2020
2022: €1.35M▲ +2.2% vs 2021
2023: €1.37M▲ +1.2% vs 2022
2024: €1.40M▲ +2.3% vs 2023highest in 5 years
Operating result€217k-€49k▼ 77.3%€90k▲ 81.3%€77k▼ 14.6%€76k▼ 0.6%
2020: €217khighest in 5 years
2021: €49k▼ -77.3% vs 2020lowest in 5 years
2022: €90k▲ +81.3% vs 2021
2023: €77k▼ -14.6% vs 2022
2024: €76k▼ -0.6% vs 2023
Net result€128k-€5k▼ 95.8%€29k▲ 442%€16k▼ 43.8%€32k▲ 92.0%
2020: €128khighest in 5 years
2021: €5k▼ -95.8% vs 2020lowest in 5 years
2022: €29k▲ +442% vs 2021
2023: €16k▼ -43.8% vs 2022
2024: €32k▲ +92.0% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 1% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.15M
Fixed assets
€2.96M ▼ 2.9%
Current assets
€193k ▼ 4.5%
Equity and liabilities €3.15M
Equity
€1.40M ▲ 2.3%
Provisions
€235k ▼ 6.7%
Debt
€1.52M ▼ 6.9%
Debt's share of the balance-sheet total falls from 50.1% to 48.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€187k▼
2023 · €187k
Cash flow
€143k▲
2023 · €127k
Current ratio
0.35▼
2023 · 0.38
Debt to equity
1.08▼
2023 · 1.19
ROE
2.2%▲
2023 · 1.2%
ROA
1.0%▲
2023 · 0.5%
Interest coverage
5.14▲
2023 · 3.70
Debt ≤ 1 year
€546k▲
2023 · €535k
Debt > 1 year
€959k▼
2023 · €1.08M
Income taxes
€20k▲
2023 · €17k
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 · 2024 against 2023 · 57 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.25M€3.15M▼
Fixed assets21/28€3.05M€2.96M▼
Intangible fixed assets21€553k€553k=
Tangible fixed assets22/27€2.50M€2.41M▼
Land and buildings22€2.26M€2.18M▼
Plant, machinery and equipment23€96k€100k▲
Furniture and vehicles24€47k€38k▼
Other tangible fixed assets26€92k€92k=
Financial fixed assets28€469€469=
Current assets29/58€202k€193k▼
Amounts receivable within one year40/41€7k€2k▼
Trade receivables40€6k€952▼
Other amounts receivable41€993€993=
Cash at bank and in hand54/58€189k€185k▼
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€3.25M€3.15M▼
Equity10/15€1.37M€1.40M▲
Contributions10/11€265k€265k=
Reserves13€1.11M€1.14M▲
Non-distributable reserves130/1€27k€27k=
Reserves not available under the articles1311€27k€27k=
Tax-exempt reserves132€540k€516k▼
Distributable reserves133€540k€595k▲
Provisions and deferred taxes16€252k€235k▼
Provisions for liabilities and charges160/5€88k€79k▼
Other liabilities and charges164/5€88k€79k▼
Deferred taxes168€164k€156k▼
Amounts payable17/49€1.63M€1.52M▼
Amounts payable after more than one year17€1.08M€959k▼
Financial debts170/4€1.08M€959k▼
Amounts payable within one year42/48€535k€546k▲
Current portion of amounts payable after more than one year42€62k€91k▲
Financial debts43-€3k
Other loans439-€3k
Trade debts44€34k€18k▼
Suppliers440/4€34k€18k▼
Taxes, remuneration and social security45€16k€20k▲
Taxes450/3€16k€20k▲
Other amounts payable47/48€423k€414k▼
Accrued charges and deferred income492/3€11k€11k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€111k€111k▲
Other operating charges640/8€16k€18k▲
Gross operating margin9900€203k€205k▲
Operating profit (loss)9901€77k€76k▼
Financial income75/76B-€4k
Recurring financial income75-€4k
Financial charges65/66B€51k€36k▼
Recurring financial charges65€51k€36k▼
Profit (loss) for the period before taxes9903€26k€44k▲
Transfer from deferred taxes780€8k€8k=
Income taxes67/77€17k€20k▲
Profit (loss) for the period9904€16k€32k▲
Transfer from tax-exempt reserves789€24k€24k=
Profit (loss) for the period to be appropriated9905€40k€55k▲
Appropriation of the result
Profit (loss) to be appropriated9906€40k€55k▲
Transfer to equity691/2€40k€55k▲
To other reserves6921€40k€55k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €410 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €138k | €107k | €108k | €111k | €111k | ▲ 0.3% |
| Other operating charges640/8 | - | €18k | €17k | €16k | €18k | ▲ 16.9% |
| Gross operating margin9900 | €373k | €174k | €214k | €203k | €205k | ▲ 1.2% |
| Operating profit (loss)9901 | €217k | €49k | €90k | €77k | €76k | ▼ 0.6% |
| Financial income75/76B | - | €0 | - | - | €4k | - |
| Recurring financial income75 | €1 | €0 | - | - | €4k | - |
| Financial charges65/66B | - | €43k | €45k | €51k | €36k | ▼ 28.1% |
| Recurring financial charges65 | €38k | €43k | €45k | €51k | €36k | ▼ 28.1% |
| Profit (loss) for the period before taxes9903 | €179k | €6k | €45k | €26k | €44k | ▲ 70.6% |
| Transfer from deferred taxes780 | - | €8k | €8k | €8k | €8k | = |
| Income taxes67/77 | €5k | €9k | €23k | €17k | €20k | ▲ 18.1% |
| Profit (loss) for the period9904 | €128k | €5k | €29k | €16k | €32k | ▲ 92.0% |
| Transfer from tax-exempt reserves789 | - | €24k | €24k | €24k | €24k | = |
| Profit (loss) for the period to be appropriated9905 | €-9k | €29k | €53k | €40k | €55k | ▲ 37.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.50M | €3.40M | €3.31M | €3.25M | €3.15M | ▼ 3.0% |
| Fixed assets21/28 | €3.28M | €3.21M | €3.11M | €3.05M | €2.96M | ▼ 2.9% |
| Intangible fixed assets21 | €553k | €553k | €553k | €553k | €553k | = |
| Tangible fixed assets22/27 | €2.72M | €2.65M | €2.56M | €2.50M | €2.41M | ▼ 3.6% |
| Land and buildings22 | - | €2.44M | €2.35M | €2.26M | €2.18M | ▼ 3.7% |
| Plant, machinery and equipment23 | - | €99k | €100k | €96k | €100k | ▲ 4.2% |
| Furniture and vehicles24 | - | €26k | €21k | €47k | €38k | ▼ 19.6% |
| Other tangible fixed assets26 | - | €92k | €92k | €92k | €92k | = |
| Financial fixed assets28 | €469 | €469 | €469 | €469 | €469 | = |
| Current assets29/58 | €222k | €190k | €198k | €202k | €193k | ▼ 4.5% |
| Amounts receivable within one year40/41 | €15k | €11k | €3k | €7k | €2k | ▼ 73.9% |
| Trade receivables40 | - | €2k | €3k | €6k | €952 | ▼ 85.2% |
| Other amounts receivable41 | - | €9k | - | €993 | €993 | = |
| Cash at bank and in hand54/58 | €198k | €179k | €188k | €189k | €185k | ▼ 2.0% |
| Deferred charges and accrued income490/1 | - | - | €7k | €5k | €6k | ▲ 4.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.50M | €3.40M | €3.31M | €3.25M | €3.15M | ▼ 3.0% |
| Equity10/15 | €1.32M | €1.33M | €1.35M | €1.37M | €1.40M | ▲ 2.3% |
| Contributions10/11 | - | €265k | €265k | €265k | €265k | = |
| Reserves13 | €1.06M | €1.06M | €1.09M | €1.11M | €1.14M | ▲ 2.9% |
| Non-distributable reserves130/1 | - | €27k | €27k | €27k | €27k | = |
| Reserves not available under the articles1311 | - | €27k | €27k | €27k | €27k | = |
| Tax-exempt reserves132 | - | €587k | €563k | €540k | €516k | ▼ 4.4% |
| Distributable reserves133 | - | €446k | €499k | €540k | €595k | ▲ 10.3% |
| Profit (loss) carried forward14 | €-9k | - | - | - | - | - |
| Provisions and deferred taxes16 | €279k | €268k | €258k | €252k | €235k | ▼ 6.7% |
| Provisions for liabilities and charges160/5 | - | €88k | €86k | €88k | €79k | ▼ 10.2% |
| Other liabilities and charges164/5 | - | €88k | €86k | €88k | €79k | ▼ 10.2% |
| Deferred taxes168 | - | €180k | €172k | €164k | €156k | ▼ 4.8% |
| Amounts payable17/49 | €1.90M | €1.80M | €1.70M | €1.63M | €1.52M | ▼ 6.9% |
| Amounts payable after more than one year17 | €1.31M | €1.23M | €1.13M | €1.08M | €959k | ▼ 11.5% |
| Financial debts170/4 | - | €1.23M | €1.13M | €1.08M | €959k | ▼ 11.5% |
| Amounts payable within one year42/48 | €582k | €565k | €558k | €535k | €546k | ▲ 2.1% |
| Current portion of amounts payable after more than one year42 | - | €91k | €93k | €62k | €91k | ▲ 47.6% |
| Financial debts43 | - | - | €3k | - | €3k | - |
| Credit institutions430/8 | - | - | €3k | - | - | - |
| Other loans439 | - | - | - | - | €3k | - |
| Trade debts44 | €13k | €23k | €18k | €34k | €18k | ▼ 48.1% |
| Suppliers440/4 | - | €23k | €18k | €34k | €18k | ▼ 48.1% |
| Taxes, remuneration and social security45 | - | €11k | €14k | €16k | €20k | ▲ 23.7% |
| Taxes450/3 | - | €11k | €14k | €16k | €20k | ▲ 23.7% |
| Other amounts payable47/48 | - | €441k | €432k | €423k | €414k | ▼ 2.2% |
| Accrued charges and deferred income492/3 | - | €13k | €17k | €11k | €11k | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €128k | €5k | €29k | €16k | €32k | ▲ 92.0% |
| + Depreciation and write-downs630 | €138k | €107k | €108k | €111k | €111k | ▲ 0.3% |
| Operating cash flow (approximation) | €266k | €113k | €137k | €127k | €143k | ▲ 12.1% |
| Investment in fixed assets (approximation) | - | €-38k | €-15k | €-46k | €-22k | ▲ 53.0% |
| Change in cash | - | €-19k | €9k | €904 | €-4k | ▼ 528% |
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
2026
13-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 225 days late
2025
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 177 days late
2023
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 153 days late
2022
26-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 148 days late
23-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 207 days late
2021
31-12
Financial
Weakest financial yearnet €5k ▼95.8%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-12
Financial
Equity above €1MEq €1.09M ▲17.2%
2 profitable years in a row build equity to €1.09M.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
06-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 37 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
19-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 80 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Lede · 1 establishment unit since 1986
Ground area
1,635 m²
Building footprint
1,261 m²
Volume, LiDAR
15,500 m³
2 parcels, Flanders · tallest building 44.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ELKA NV
since 19862.033.262.332
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41034F1041/00_000indicative | Flanders | 1,169 m² | 1 · 1,158 m² | 44.2 m · 4 fl. |
| 41052C0313/00E000 | Flanders | 466 m² | 1 · 103 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 697 companies in sector 46392 we hold annual accounts for 483. 294 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
Founded07-08-1986
Fiscal year end31-12
Activities, NACEBEL 2025
46392Non-specialised wholesale
02200Logging
47110Non-specialised retail sale with food, beverages or tobacco predominating
47789Other retail sale of new goods
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.