Summary
ELLANI is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.0m and a net result of €105,985. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 39% of 5593 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.0m
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 8 filingsDeviation from the deadline
2025
24 d late
2024
11 d late
2023
8 d early
2022
on the day
2021
12 d early
2020
2 d early
2019
63 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.0m▲ 11.9%
2024 · €894,219
Net result
€105,985▼ 23.8%
2024 · €139,117
Total assets
€2.6m▼ 3.8%
2024 · €2.7m
Solvency
39.2%▲ 5.5pp
2024 · 33.7%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€316,749▲ 46.7%€208,872▼ 34.1%€97,564▼ 53.3%€264,481▲ 171%€209,127▼ 20.9%
Net result€179,758above the sector's middle half▲ 46.8%€110,185within the sector's middle half▼ 38.7%€21,544within the sector's middle half▼ 80.4%€139,117within the sector's middle half▲ 546%€105,985within the sector's middle half▼ 23.8%
Equity€1.4mwithin the sector's middle half▲ 15.3%€733,558within the sector's middle half▼ 45.9%€755,102within the sector's middle half▲ 2.9%€894,219within the sector's middle half▲ 18.4%€1.0mwithin the sector's middle half▲ 11.9%
Total assets€2.7mwithin the sector's middle half▲ 11.1%€2.6mwithin the sector's middle half▼ 3.2%€2.6mwithin the sector's middle half▼ 1.4%€2.7mwithin the sector's middle half▲ 3.2%€2.6mwithin the sector's middle half▼ 3.8%
Debt€198,885▲ 89.9%€741,180▲ 273%€682,113▼ 8.0%€637,547▼ 6.5%€437,440▼ 31.4%
Working capital€235,253within the sector's middle half▲ 264%-€144,530within the sector's middle half€8,971within the sector's middle half€80,313within the sector's middle half▲ 795%€180,420within the sector's middle half▲ 125%
Solvency50.3%within the sector's middle half▲ 1.8pp28.1%within the sector's middle half▼ 22.2pp29.4%within the sector's middle half▲ 1.2pp33.7%within the sector's middle half▲ 4.3pp39.2%within the sector's middle half▲ 5.5pp
Current ratio2.51within the sector's middle half▲ 0.460.68within the sector's middle half▼ 1.841.03within the sector's middle half▲ 0.361.30within the sector's middle half▲ 0.263.53above the sector's middle half▲ 2.24
Return on assets (ROA)6.7%within the sector's middle half▲ 1.6pp4.2%within the sector's middle half▼ 2.4pp0.8%within the sector's middle half▼ 3.4pp5.2%within the sector's middle half▲ 4.4pp4.2%within the sector's middle half▼ 1.1pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€2.3m =
Current assets
€251,696 ▼ 28.6%
Equity and liabilities €2.6m
Equity
€1.0m ▲ 11.9%
Provisions
€1.1m ▼ 0.6%
Debt
€437,440 ▼ 31.4%
Debt's share of the balance-sheet total falls from 24.0% to 17.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
10.6%▼
2024 · 15.6%
Debt ≤ 1 year
€71,276▼
2024 · €271,998
Debt > 1 year
€324,390▲
2024 · €323,631
Income taxes
€44,944▼
2024 · €67,449
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,447 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €84 | €1,954 | €1,191 | €1,191 | €411 | ▼ 65.5% |
| Other operating charges640/8 | €243 | €309 | €248 | €2,345 | €1,774 | ▼ 24.4% |
| Gross operating margin9900 | €317,076 | €211,134 | €99,003 | €268,017 | €211,312 | ▼ 21.2% |
| Operating profit (loss)9901 | €316,749 | €208,872 | €97,564 | €264,481 | €209,127 | ▼ 20.9% |
| Financial income75/76B | €1,259 | €645 | - | - | - | - |
| Recurring financial income75 | €1,259 | €645 | - | - | - | - |
| Financial charges65/66B | €60,201 | €60,171 | €58,020 | €57,915 | €58,197 | ▲ 0.5% |
| Recurring financial charges65 | €60,201 | €60,171 | €58,020 | €57,915 | €58,197 | ▲ 0.5% |
| Profit (loss) for the period before taxes9903 | €257,807 | €149,346 | €39,543 | €206,565 | €150,930 | ▼ 26.9% |
| Income taxes67/77 | €78,049 | €39,161 | €17,999 | €67,449 | €44,944 | ▼ 33.4% |
| Profit (loss) for the period9904 | €179,758 | €110,185 | €21,544 | €139,117 | €105,985 | ▼ 23.8% |
| Transfer from tax-exempt reserves789 | - | - | €71,200 | €42,100 | €0 | ▼ 100% |
| Transfer to tax-exempt reserves689 | - | - | - | €42,100 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €179,758 | €110,185 | €92,744 | €139,117 | €105,985 | ▼ 23.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.7m | €2.6m | €2.6m | €2.7m | €2.6m | ▼ 3.8% |
| Fixed assets21/28 | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Tangible fixed assets22/27 | €3,438 | €5,057 | €1,602 | €411 | €0 | ▼ 100% |
| Furniture and vehicles24 | €3,438 | €5,057 | €1,602 | €411 | €0 | ▼ 100% |
| Financial fixed assets28 | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Current assets29/58 | €390,623 | €303,478 | €269,411 | €352,311 | €251,696 | ▼ 28.6% |
| Amounts receivable within one year40/41 | €42,554 | €74,189 | €241,390 | €164,831 | €178,240 | ▲ 8.1% |
| Trade receivables40 | €42,350 | €42,350 | €187,550 | €162,550 | €162,550 | = |
| Other amounts receivable41 | €204 | €31,839 | €53,840 | €2,281 | €15,690 | ▲ 588% |
| Cash at bank and in hand54/58 | €347,019 | €228,613 | €27,357 | €186,820 | €72,721 | ▼ 61.1% |
| Deferred charges and accrued income490/1 | €1,050 | €676 | €664 | €660 | €735 | ▲ 11.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.7m | €2.6m | €2.6m | €2.7m | €2.6m | ▼ 3.8% |
| Equity10/15 | €1.4m | €733,558 | €755,102 | €894,219 | €1.0m | ▲ 11.9% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Reserves13 | €1.2m | €533,558 | €555,102 | €694,219 | €800,205 | ▲ 15.3% |
| Non-distributable reserves130/1 | €20,000 | - | - | - | - | - |
| Reserves not available under the articles1311 | €20,000 | - | - | - | - | - |
| Tax-exempt reserves132 | €113,300 | €113,300 | €42,100 | €42,100 | €42,100 | = |
| Distributable reserves133 | €1.0m | €420,258 | €513,002 | €652,119 | €758,105 | ▲ 16.3% |
| Provisions and deferred taxes16 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 0.6% |
| Provisions for liabilities and charges160/5 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 0.6% |
| Other liabilities and charges164/5 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 0.6% |
| Amounts payable17/49 | €198,885 | €741,180 | €682,113 | €637,547 | €437,440 | ▼ 31.4% |
| Amounts payable after more than one year17 | - | €249,796 | €322,759 | €323,631 | €324,390 | ▲ 0.2% |
| Other amounts payable178/9 | - | €249,796 | €322,759 | €323,631 | €324,390 | ▲ 0.2% |
| Amounts payable within one year42/48 | €155,370 | €448,008 | €260,440 | €271,998 | €71,276 | ▼ 73.8% |
| Trade debts44 | €2,266 | €3,492 | €3,218 | €7,251 | €1,753 | ▼ 75.8% |
| Suppliers440/4 | €2,266 | €3,492 | €3,218 | €7,251 | €1,753 | ▼ 75.8% |
| Taxes, remuneration and social security45 | €118,801 | €73,328 | €38,342 | €45,867 | €50,644 | ▲ 10.4% |
| Taxes450/3 | €117,051 | €73,328 | €38,342 | €45,867 | €50,644 | ▲ 10.4% |
| Remuneration and social security454/9 | €1,750 | - | - | - | - | - |
| Other amounts payable47/48 | €34,304 | €371,188 | €218,880 | €218,880 | €18,880 | ▼ 91.4% |
| Accrued charges and deferred income492/3 | €43,515 | €43,376 | €98,914 | €41,918 | €41,773 | ▼ 0.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €179,758 | €110,185 | €21,544 | €139,117 | €105,985 | ▼ 23.8% |
| + Depreciation and write-downs630 | €84 | €1,954 | €1,191 | €1,191 | €411 | ▼ 65.5% |
| Operating cash flow (approximation) | €179,842 | €112,139 | €22,735 | €140,308 | €106,397 | ▼ 24.2% |
| Investment in fixed assets (approximation) | - | -€3,613 | €2,264 | €0 | €0 | - |
| Change in cash | - | -€118,406 | -€201,256 | €159,462 | -€114,099 | ▼ 172% |
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
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 3.53
Current ratio from 1.30 to 3.53; short-term debt falls from €271,998 to €71,276.
31-12
Financial
Equity above €1mEq €1.0m ▲11.9%
8 profitable years in a row build equity to €1.0m.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 11 days late
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €21,544 ▼80.4%
Net result drops to €21,544, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 63 days late
2019
31-12
Financial
Liquidity times 11current ratio 2.71
Current ratio from 0.24 to 2.71; short-term debt falls from €1.4m to €191,904.
31-12
Financial
Equity above €1mEq €1.1m ▲26.3%
2 profitable years in a row build equity to €1.1m.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Knokke-Heist · 1 establishment unit since 2018
Ground area
641 m²
Building footprint
225 m²
Volume, LiDAR
1,080 m³
Parcel 31337C0125/00M000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ELLANI
since 20182.274.665.539
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31337C0125/00M000 | Flanders | 641 m² | 1 · 225 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
99.95%
According to the 2025 annual accounts of ELLANI and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,721 companies in sector 64210 we hold annual accounts for 19,799. 12,670 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0690583778
Also
9925:BE0690583778
Registered
05-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.