ELKO (MANAGEMENT)
ActiveELKO (MANAGEMENT) has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €129k and a net result of €-18k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 47% of 36378 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
63
/ 100
Healthy▼ -16 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-25
Solvency79=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.57 against 1.61 in 2023), but 55.9% 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+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
44.1%
Return on assets
-6.1%
Age of the figures
20 mo
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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
29 d late
2022
30 d late
2021
61 d late
2020
30 d late
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€129k▼ 12.1%
2023 · €147k
2018: €65k
2019: €81k
2020: €97k
2021: €116k
2022: €140k
2023: €147k
2018 → 2024
Total assets
€293k▼ 13.7%
2023 · €340k
2018: €408k
2019: €402k
2020: €407k
2021: €373k
2022: €354k
2023: €340k
2018 → 2024
Net result
€-18k
2023 · €7k
2018: €4k
2019: €16k
2020: €16k
2021: €19k
2022: €24k
2023: €7k
2018 → 2024
Working capital
€33k▼ 18.8%
2023 · €40k
2018: €4k
2019: €28k
2020: €8k
2021: €2k
2022: €30k
2023: €40k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€97k-€116k▲ 19.7%€140k▲ 20.9%€147k▲ 5.4%€129k▼ 12.1%
Operating result€32k-€40k▲ 27.2%€43k▲ 8.2%€17k▼ 59.9%€-11k
Net result€16k-€19k▲ 22.4%€24k▲ 26.5%€7k▼ 68.9%€-18k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €11k after €17k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €293k
Fixed assets
€203k▼ 13.3%
Current assets
€90k▼ 14.6%
Equity and liabilities €293k
Equity
€129k▼ 12.1%
Debt
€164k▼ 15.0%
The debt ratio falls from 56.7% to 55.9%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€20k▼
2023 · €49k
Cash flow
€14k▼
2023 · €39k
Solvency
44.1%▲
2023 · 43.3%
Current ratio
1.57▼
2023 · 1.61
Quick ratio
1.57▼
2023 · 1.61
Debt / equity
1.27▼
2023 · 1.31
ROE
-13.7%▼
2023 · 5.1%
ROA
-6.1%▼
2023 · 2.2%
Interest coverage
3.40▼
2023 · 7.08
Debt
€164k▼
2023 · €193k
Debt ≤ 1 year
€57k▼
2023 · €65k
Debt > 1 year
€104k▼
2023 · €125k
Income taxes
€775▼
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€340k€293k▼
Fixed assets21/28€235k€203k▼
Tangible fixed assets22/27€235k€203k▼
Land and buildings22€232k€201k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€420€210▼
Current assets29/58€105k€90k▼
Amounts receivable within one year40/41€45k€83k▲
Trade receivables40€3k€29k▲
Other amounts receivable41€42k€54k▲
Cash at bank and in hand54/58€60k€7k▼
Deferred charges and accrued income490/1€355€373▲
Equity and liabilities
Total equity and liabilities10/49€340k€293k▼
Equity10/15€147k€129k▼
Contributions10/11€6k€6k=
Reserves13€85k€85k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€82k€82k=
Profit (loss) carried forward14€56k€38k▼
Amounts payable17/49€193k€164k▼
Amounts payable after more than one year17€125k€104k▼
Financial debts170/4€125k€104k▼
Amounts payable within one year42/48€65k€57k▼
Current portion of amounts payable after more than one year42€26k€21k▼
Trade debts44€1k€4k▲
Suppliers440/4€1k€4k▲
Taxes, remuneration and social security45€13k€7k▼
Taxes450/3€12k€5k▼
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€25k€25k▼
Accrued charges and deferred income492/3€3k€3k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€31k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€51k€22k▼
Operating profit (loss)9901€17k€-11k▼
Financial income75/76B€93€203▲
Recurring financial income75€93€203▲
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€11k€-17k▼
Income taxes67/77€3k€775▼
Profit (loss) for the period9904€7k€-18k▼
Profit (loss) for the period to be appropriated9905€7k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€63k€38k▼
Profit (loss) brought forward from the previous period14P€55k€56k▲
Transfer to equity691/2€7k-
To other reserves6921€7k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet €-18k ▼337%
Net result drops to €-18k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €24k ▲26.5%
Operating result €43k, net result €24k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Equity above €100kEq €116k ▲19.7%
4 profitable years in a row build equity to €116k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Asse · 1 establishment unit since 2010
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.
Zittert 981730 AsseGround area
1,102 m²
Building footprint
179 m²
Volume, LiDAR
993 m³
Parcel 23322D0172/00E000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Elko Management
since 20102.186.862.228
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322D0172/00E000 | Flanders | 1,102 m² | 1 · 179 m² | 9.1 m · 2 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.
Similar companies · same sector, comparable size
ELECOOLING
BE 0728.984.791
Brussel · Eq €129k
LFA ENGINEERING
BE 0736.936.219
Le Roeulx · Eq €129k
Sanitair - Klimatisatie Vandeweyer
BE 0800.633.644
Westerlo · Eq €129k
K&I ALG.RENOVATIE EN LOODGIETERIJ
BE 0705.998.167
Mechelen · Eq €129k
NOERDINGER
BE 0460.783.157
Gouvy · Eq €130k
Of 9,475 companies in sector 43222 we hold annual accounts for 5,625. 4,895 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded03-03-2010
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
46831Wholesale of construction materials, general range
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.