Ell-Limits
ActiveFrom the official registers: KBO 1 annual account at the National Bank publications in the Belgian Official Gazette
Summary
Ell-Limits has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€4,172) and a net result of -€9,172. Its solvency ranks better than 10% of 4,339 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Financials · financial year 2025, micro format
2025 annual accounts filed 26 days after the deadline Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00440023.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 26-08-2026
- Format
- micro format
- Reference
- 2026-00440023
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Companies with the same profile, two years later
Historical observationIn July 2024, 1,322 companies had the same profile as Ell-Limits has now. Two years later, 4.2% had gone bankrupt and 90.2% were still going.
- Micro
- under 2 years old
- negative equity
- a loss of 10% of the balance sheet or more
The bankruptcy probability of Ell-Limits itself is lower: 0.8% within 12 months. It rests on far more data about Ell-Limits than the profile alone.
Test of the method
The method was tested on the 497,445 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 1,322 companies, not a prediction for Ell-Limits. 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.
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €10,589 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,435 |
| Other operating charges640/8 | €6,778 |
| Gross operating margin9900 | €13,083 |
| Operating profit (loss)9901 | -€8,720 |
| Financial income75/76B | €5 |
| Recurring financial income75 | €5 |
| Financial charges65/66B | €280 |
| Recurring financial charges65 | €280 |
| Profit (loss) for the period before taxes9903 | -€8,995 |
| Income taxes67/77 | €177 |
| Profit (loss) for the period9904 | -€9,172 |
| Profit (loss) for the period to be appropriated9905 | -€9,172 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €14,151 | |
| Formation expenses20 | €50 | |
| Fixed assets21/28 | €13,037 | |
| Intangible fixed assets21 | €2,006 | |
| Tangible fixed assets22/27 | €11,031 | |
| Plant, machinery and equipment23 | €4,754 | |
| Furniture and vehicles24 | €6,277 | |
| Current assets29/58 | €1,064 | |
| Cash at bank and in hand54/58 | €784 | |
| Deferred charges and accrued income490/1 | €280 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €14,151 | |
| Equity10/15 | -€4,172 | |
| Contributions10/11 | €5,000 | |
| Profit (loss) carried forward14 | -€9,172 | |
| Amounts payable17/49 | €18,323 | |
| Amounts payable within one year42/48 | €17,607 | |
| Financial debts43 | €2,442 | |
| Credit institutions430/8 | €2,442 | |
| Trade debts44 | €1,069 | |
| Suppliers440/4 | €1,069 | |
| Advances received on contracts in progress46 | €7,361 | |
| Taxes, remuneration and social security45 | €2,867 | |
| Taxes450/3 | €1,659 | |
| Remuneration and social security454/9 | €1,208 | |
| Other amounts payable47/48 | €3,867 | |
| Accrued charges and deferred income492/3 | €716 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€9,172 |
| + Depreciation and write-downs630 | €4,435 |
| Operating cash flow (approximation) | -€4,737 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-08-2026 | 2026-00440023 | NBB |
Comparable companies
These companies have the same main activity as Ell-Limits: photography, excluding press photography (NACE 74201). They are comparable in size and age: total assets between €12,400 and €20,100, founded between 2023 and 2025.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| Ell-Limits Dessel | 2024 | €14,151 | -€4,172 | €13,083 | -€9,172 | 2025 |
| JBMANCO Elsene | 2024 | €15,007 | €14,197 | €14,812 | €8,353 | 2025 |
| GUERIN PARIS Wemmel | 2024 | €12,397 | €4,048 | €11,968 | €2,048 | 2025 |
| Chess Bonte Sint-Martens-Latem | 2025 | €18,769 | €13,270 | €12,360 | €9,270 | 2025 |
| ARTWORK CREATIVE Floreffe | 2023 | €16,142 | €5,672 | €13,526 | €2,955 | 2025 |
| The Photo Agency Tervuren | 2025 | €20,093 | €9,038 | €13,696 | €6,038 | 2025 |
| BY HANNE DELOOF Sint-Niklaas | 2024 | €17,123 | €7,079 | €9,737 | €4,912 | 2025 |
They were chosen from the 819 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.