ELKIM
ActiveELKIM has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €133k and a net result of €18k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 46% of 19906 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▼-4
Solvency88▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 3.92 against 6.74 in 2023; short-term debt: 15.1% and cash: 2% of total assets), and 36.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 86
Relative position
BE, all sectors
reference
Sector 86
lower
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
19 d early
2022
39 d early
2021
20 d early
2020
19 d early
2019
4 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€133k▼ 14.1%
2023 · €154k
2018: €98k
2019: €104k
2020: €108k
2021: €113k
2022: €129k
2023: €154k
2018 → 2024
Total assets
€209k▼ 5.1%
2023 · €220k
2018: €194k
2019: €141k
2020: €141k
2021: €148k
2022: €195k
2023: €220k
2018 → 2024
Net result
€18k▼ 31.0%
2023 · €26k
2018: €5k
2019: €6k
2020: €4k
2021: €6k
2022: €15k
2023: €26k
2018 → 2024
Working capital
€92k▼ 17.3%
2023 · €112k
2018: €88k
2019: €46k
2020: €57k
2021: €69k
2022: €70k
2023: €112k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€108k-€113k▲ 5.3%€129k▲ 13.7%€154k▲ 19.9%€133k▼ 14.1%
Operating result€6k-€9k▲ 38.4%€23k▲ 171%€38k▲ 61.2%€29k▼ 23.5%
Net result€4k-€6k▲ 40.4%€15k▲ 174%€26k▲ 65.7%€18k▼ 31.0%
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 2024; 2024 is 23% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €209k
Fixed assets
€85k▼ 4.5%
Current assets
€124k▼ 5.5%
Equity and liabilities €209k
Equity
€133k▼ 14.1%
Provisions
€5k▼ 22.6%
Debt
€71k▲ 20.1%
The debt ratio rises from 26.9% to 34.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€46k▼
2023 · €48k
Cash flow
€35k▼
2023 · €36k
Solvency
63.5%▼
2023 · 70.1%
Current ratio
3.92▼
2023 · 6.74
Quick ratio
3.92▼
2023 · 6.74
Debt / equity
0.54▲
2023 · 0.38
ROE
13.3%▼
2023 · 16.6%
ROA
8.5%▼
2023 · 11.7%
Interest coverage
12.23▼
2023 · 20.41
Debt
€71k▲
2023 · €59k
Debt ≤ 1 year
€32k▲
2023 · €19k
Debt > 1 year
€40k▲
2023 · €40k
Income taxes
€11k▲
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€220k€209k▼
Fixed assets21/28€89k€85k▼
Tangible fixed assets22/27€89k€85k▼
Land and buildings22€31k€40k▲
Furniture and vehicles24€58k€45k▼
Financial fixed assets28€25€25=
Current assets29/58€131k€124k▼
Amounts receivable within one year40/41-€3k
Trade receivables40-€1k
Other amounts receivable41-€1k
Current investments50/53€122k€117k▼
Cash at bank and in hand54/58€9k€4k▼
Deferred charges and accrued income490/1€448-
Equity and liabilities
Total equity and liabilities10/49€220k€209k▼
Equity10/15€154k€133k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€92k€71k▼
Non-distributable reserves130/1€4k€5k▲
Legal reserve130€4k€5k▲
Tax-exempt reserves132€19k€15k▼
Distributable reserves133€69k€50k▼
Provisions and deferred taxes16€6k€5k▼
Deferred taxes168€6k€5k▼
Amounts payable17/49€59k€71k▲
Amounts payable after more than one year17€40k€40k▲
Financial debts170/4€40k€40k▲
Amounts payable within one year42/48€19k€32k▲
Current portion of amounts payable after more than one year42€6k€9k▲
Trade debts44€38€567▲
Suppliers440/4€38€567▲
Taxes, remuneration and social security45€3k€7k▲
Taxes450/3€3k€7k▲
Other amounts payable47/48€11k€15k▲
Accrued charges and deferred income492/3€342-
Income statement
Code20232024
Non-recurring operating income76A€29k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€17k▲
Other operating charges640/8€7k€3k▼
Non-recurring operating charges66A€7k-
Gross operating margin9900€62k€49k▼
Operating profit (loss)9901€38k€29k▼
Financial income75/76B€0€2k▲
Recurring financial income75€0€2k▲
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€35k€27k▼
Transfer from deferred taxes780€853€1k▲
Transfer to deferred taxes680€7k-
Income taxes67/77€3k€11k▲
Profit (loss) for the period9904€26k€18k▼
Transfer from tax-exempt reserves789€3k€4k▲
Transfer to tax-exempt reserves689€22k-
Profit (loss) for the period to be appropriated9905€6k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€22k▲
Transfer from equity791/2-€39k
Transfer to equity691/2€6k€22k▲
To the legal reserve6920€350€1k▲
To other reserves6921€6k€21k▲
Profit to be distributed694/7-€39k
Return on contributions (dividend)694-€39k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €26k ▲65.7%
Operating result €38k, net result €26k, both a record.
31-12
Financial
Equity above €150kEq €154k ▲19.9%
6 profitable years in a row build equity to €154k.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €4k ▼27.9%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €104k ▲5.7%
2 profitable years in a row build equity to €104k.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
13-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Hasselt · 1 establishment unit since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Demerstraat 883500 HasseltGround area
822 m²
Building footprint
58 m²
Volume, LiDAR
916 m³
Parcel 71022H1470/00M000, Flanders · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Demerstraat 88, 3500 Hasselt
since 19912.301.764.369
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H1470/00M000 | Flanders | 822 m² | 1 · 58 m² | 18.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 12,690 companies in sector 86951 we hold annual accounts for 2,142. 1,764 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-12-1991
Fiscal year end31-12
Activities, NACEBEL
86905Human health activities
86951Physiotherapy
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.