Equity
€62,189 ▲ 40.7%
ELKA has made a profit in every financial year since 2023.
ELKA
Overview
Lifetime
3 annual accounts with figures on one time axispeak €36,140 (2023)
€33,771▲ 8.4%
peak €25,017 (2023)
€17,986▲ 11.1%
peak €62,189 (2025)
€62,189▲ 40.7%
€54,851▲ 7.9%
Board1 name since 2023
1 directorKUYPERS Laura
Documentsfilings and deeds
03-04-2026119 days before the deadline
2025micro format
Registered office moved from Westerlo to Leuven 06-02Equity from €44,203 to €62,189Cash from €62,196 to €92,798
Key points
from the 2025 annual accountsChecked score
94
Excellent
Financially stronger than 55% of micro companies in human health (NACE 86)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 24,185 companies (NACE 86, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: 0.1%▲ +0.1 percentage points vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Sector: Human health activities (NACE 86)
Liquidity: current ratio 1.83, cash €92,798
Size: total assets €117,040
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 86, micro). It does better than 42% of them on solvency, 59% on liquidity, 41% on profitability and 77% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as ELKA has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ELKA itself is lower: < 0.1% within 12 months. It rests on far more data about ELKA than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for ELKA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.83 (1.39 in 2024), above the usual 1.5. Short-term debt is 46.5% and cash 79.3% of total assets. 46.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 03-04-2026, 119 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
119 days early
2024
21 days early
2023
20 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 53 days before the deadline. In the sector (NACE 86), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 July (3 of the last 3 accounts filed within 98 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0803769417
Registered office moved from Westerlo to Leuven
New registered office: Kerstine Liedekensstraat 11 te 3000 Leuven · Previous registered office: TRAMSTRAAT 16-2260 WESTERLO · Board meeting of 01-10-2024 · Gazette deed
Incorporation
Founding capital of €3,000, 100 shares · Founder: KUYPERS Laura · Appointment: KUYPERS Laura (director) · published on 12-07-2023 · Gazette deed
First establishment
Kerstine Liedekensstraat 11, Leuven
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ELKA Leuven | €117,040 | €33,771 | 53.1% | - |
| KINERVA Halle | €120,161 | €32,000 | 18.3% | - |
| Wertelaers Hasselt | €104,945 | €34,038 | 88.9% | - |
| DE BEIR VALENTIN La Louvière | €119,110 | €34,878 | 40.7% | - |
| Kine Zandhoven Zandhoven | €103,173 | €33,403 | 73.9% | - |
| Quintelier Yannick Brecht | €118,397 | €37,211 | 93.5% | - |
| ANS HUYS Affligem | €108,968 | €28,678 | 65.3% | - |
These companies have the same main activity as ELKA: physiotherapy (NACE 86951). They are comparable in size and age: total assets between €103,000 and €120,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 10-07-2023Normal situation
- Activity
- PhysiotherapyNACE 86951and 1 other
- Establishment unit
- 2.347.213.2253000 Leuven, since 10-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 06-01-2026
Annual accounts 2025
- €33,771▲ 8.4%
- €17,986▲ 11.1%
- €62,189▲ 40.7%
- €117,040▲ 23.2%
- Filing
- Filed on 03-04-2026, 119 days before the end of the filing period
Insights on ELKA
ELKA files the micro format. That format states no turnover. The gross margin fell from €36,140 in 2023 to €33,771 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 03-04-2026, 119 days before the deadline€33,771
▲ 8.4%
€26,198
▲ 11.1%
€17,986
▲ 11.1%
€44,905
▲ 126%
53.1%
▲ 6.6 percentage points
1.83
▲ 0.43
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €100,000. Estimated: probably between €78,000 and €140,000.
Balance sheet
balance sheet total €117,040 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
53.1%
Higher than 42% of 20,767 companies in 2025.
1.83
Higher than 38% of 20,341 companies in 2025.
15.4%
Higher than 38% of 20,623 companies in 2025.
ELKA
Middle half of the sector
80% of the sector
Micro accounts in human health (NACE 86)
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
117,040 | 95,024 | 68,042 | |
21/28 |
17,733 | 24,769 | 31,805 | |
22/27 |
17,733 | 24,769 | 31,805 | |
24 |
17,733 | 24,769 | 31,805 | |
29/58 |
99,307 | 70,255 | 36,237 | |
40/41 |
6,509 | 8,059 | 5,987 | |
40 |
6,509 | 8,059 | 5,987 | |
54/58 |
92,798 | 62,196 | 30,250 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
117,040 | 95,024 | 68,042 | |
10/15 |
62,189 | 44,203 | 28,017 | |
10/11 |
3,000 | 3,000 | 3,000 | |
13 |
59,189 | 41,203 | 25,017 | |
133 |
59,189 | 41,203 | 25,017 | |
17/49 |
54,851 | 50,821 | 40,025 | |
42/48 |
54,401 | 50,371 | 39,575 | |
44 |
896 | 29 | - | |
440/4 |
896 | 29 | - | |
45 |
12,768 | 13,987 | 6,850 | |
450/3 |
12,768 | 13,987 | 6,850 | |
47/48 |
40,737 | 36,355 | 32,724 | |
492/3 |
450 | 450 | 450 | |
| Income statement | ||||
9900 |
33,771 | 31,152 | 36,140 | |
630 |
7,036 | 7,036 | 3,373 | |
640/8 |
537 | 527 | 899 | |
9901 |
26,198 | 23,589 | 31,867 | |
65/66B |
2,678 | 2,290 | - | |
65 |
2,678 | 2,290 | - | |
9903 |
23,520 | 21,298 | 31,867 | |
67/77 |
5,534 | 5,112 | 6,850 | |
9904 |
17,986 | 16,186 | 25,017 | |
9905 |
17,986 | 16,186 | 25,017 | |
| Appropriation of the result | ||||
9906 |
17,986 | 16,186 | 25,017 | |
691/2 |
17,986 | 16,186 | 25,017 | |
6921 |
17,986 | 16,186 | 25,017 | |
| Document | ||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 03-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankSubsidies and aid
Flemish government 2024 to 2025, 2 entries, €600 awarded, €600 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €195 | €195 |
| 2024 | 1 | €405 | €405 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 33,234 | 30,624 | 35,241 | ||
| 25,022 | 23,222 | 28,390 | ||
| 0 | 0 | 35,178 | ||
| 30,602 | 31,946 | - | ||
| 44,905 | 19,884 | -3,338 | ||
| 53.1% | 46.5% | 41.2% | ||
| 1.83 | 1.39 | 0.92 | ||
| 0.88 | 1.15 | 1.43 | ||
| 28.9% | 36.6% | 89.3% | ||
| 15.4% | 17.0% | 36.8% | ||
| 12.41 | 13.37 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | - | €35,178 |
| €7,036 | €7,036 | €3,373 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on ELKA
The operating result for 2025 is 11% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 53.5% to 46.9%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 12-07-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 03-04-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “De algemene vergadering die de bestuurder(s) benoemt bepaalt hun aantal, de duur van hun opdracht en, indien er meerdere bestuurders zijn…”deed of 12-07-2023
Mandates through the years
1 name, the dashed line is todayKUYPERS Laura
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- KUYPERS Laura
- Director (not named in the articles), appointed by deed of 12-07-2023, still in office
Control
Capital
- Contribution
- €3,000
- Shares
- 100
- Contribution per share
- €30
- Equity per share
- €622 in 2025
- Source
- deed of 12-07-2023
Articles of association
deed of 12-07-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
Founder
At incorporation
deed of 12-07-2023 ↗
- KUYPERS Laura sole founder · 100% at incorporation
Network & group
No group
ELKA has no parent and no holdings in its annual accounts. KUYPERS Laura is the only director. ELKA shares no director with another company.
At the same address
Kerstine Liedekensstraat 11, 3000 Leuven · 1 other company| Denwa Communications
registered office since 28-05-2010 · founded in 2010 |
total assets €138,213 (2025) 0826.274.704 |
Timeline
Timeline
8 events since 2023Filings
Financial
Establishments
Address
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFmicro format · 119 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0803769417
2025
Annual accounts 2024 filed PDFmicro format · 21 days before the deadline
Registered office moved from Westerlo to LeuvenNew registered office: Kerstine Liedekensstraat 11 te 3000 Leuven · Previous registered office: TRAMSTRAAT 16-2260 WESTERLO · Board meeting of 01-10-20242 points ▸
- Board meeting, 01-10-2024
- Registered-office move, Kerstine Liedekensstraat 11 te 3000 Leuven
2024
Weakest financial year net €16,186 ▼35.3% The net result drops to €16,186, the lowest from 2023 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFmicro format · 20 days before the deadline
2023
IncorporationFounding capital of €3,000, 100 shares · Founder: KUYPERS Laura · Appointment: KUYPERS Laura (director) · published on 12-07-20235 points ▸
- Founder, KUYPERS Laura
- Founding capital, €3,000, 100 shares
- Registered office clause, Tramstraat 16, 2260 Westerlo
- Director appointment, KUYPERS Laura (director (not named in the articles))
- Permanent representative, KUYPERS Laura
- The deed holds 5 more points.
First establishment Kerstine Liedekensstraat 11, Leuven
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
ELKA was incorporated on 10 July 2023 as a private limited company by one natural person, with a starting capital of €3,000.12 The registered office was moved to Leuven in 2025.3 KUYPERS Laura is director of the company, appointed by deed of 12-07-2023.2 Total assets rose from €68,042 in 2023 to €117,040 in 2025.4
Company details
Identity
- Enterprise number
- 0803.769.417
- VAT number
- BE 0803.769.417
- Peppol ID
- 0208:0803769417
- Other Peppol ID
- 9925:BE0803769417
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 10-07-2023
- Financial year
- ends on 31 December
- Peppol
- Reachable since 06-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- ELKA in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 12-07-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 12-07-2023 (in Dutch)
Activities
NACEBEL 202586951
Physiotherapy main activity
85599
Other education
Codes under NACEBEL 2008
86905
Human health activities main activity
85599
Other education
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Uitbaten van een kinesistenpraktijk,verstrekken van diensten in verband met fysiotherapie,behandelen van…”deed of 12-07-2023 (in Dutch)
6 activities
- Uitbaten van een kinesistenpraktijk,verstrekken van diensten in verband met fysiotherapie,behandelen van mobiliteitsstoornissen,orthopedische manuele therapieën,verstrekken van massages en aanverwante therapieën,en alle met het kinesitherapieberoep aanverwante en niet onverenigbare disciplines.
- Beheren van een eigen onroerend en roerend vermogen,omvattende het voor eigen rekening aanleggen,uitbouwen en beheren van een onroerend vermogen en alle verrichtingen uitvoeren met betrekking tot onroerende goederen en onroerende zakelijke zekerheden.
- Het verlenen van diensten van advies,bijstand,preventie en gezondheidszorg aan zieken,zorgbehoevende ziekenhuizen,rust- en verzorgingsinstellingen,kinderdagverblijven,organisaties voor maatschappelijke dienstverlening en andere instellingen,verenigingen (rechts)personen of organisaties voor gezondheids-patiëntenzorg,dit alles in de meest ruime zin van het woord.
- Het aan- en verkopen,huren,verhuren of ter beschikking stellen van verbruiksgoederen,onderhoudsproducten,randapparatuur,materieel en aanverwanten uit de medische en paramedische sector.
- Het verlenen van diensten van informatie,demonstratie,promotie,marketing en verkoop inzake (para)medische en farmaceutische producten en apparatuur.
- Het geven van opleidingen en trainingen in de meest ruime zin.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Kerstine Liedekensstraat 11 registered office 3000 Leuven | 10-07-2023 | 2.347.213.225 |
1 former office
- Tramstraat 16, 2260 Westerlo until 01-10-2024 · deed of 06-02-2025
Buildings and parcels at the address
- Ground area
- 2,177 m²
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24504D1281/00C000 | 2,177 m² | - | - |