ELLEM
ActiveELLEM has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82k and a net result of €23k. Its solvency ranks better than 47% of 31642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▼-13
Solvency77▲+14
Growth52
Track record82
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days only on tighter terms
Liquidity ample (current ratio 2.52 against 1.95 in 2024; short-term debt: 28.6% and cash: 4.9% of total assets), and 47.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.1%
Return on assets
14.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 2 filingsDeviation from the deadline
2025
31 d late
2024
14 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€82k▲ 39.9%
2024 · €58k
2024: €58k
2024 → 2025
Total assets
€157k▲ 3.3%
2024 · €152k
2024: €152k
2024 → 2025
Net result
€23k▼ 60.0%
2024 · €58k
2024: €58k
2024 → 2025
Working capital
€68k▲ 41.6%
2024 · €48k
2024: €48k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€58k-€82k▲ 39.9%
Operating result€76k-€33k▼ 57.1%
Net result€58k-€23k▼ 60.0%
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 2025; 2025 is 57% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €157k
Fixed assets
€44k▼ 17.5%
Current assets
€113k▲ 14.5%
Equity and liabilities €157k
Equity
€82k▲ 39.9%
Debt
€75k▼ 19.6%
The debt ratio falls from 61.5% to 47.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€46k▼
2024 · €88k
Cash flow
€37k▼
2024 · €70k
Solvency
52.1%▲
2024 · 38.5%
Current ratio
2.52▲
2024 · 1.95
Quick ratio
2.52▲
2024 · 1.95
Debt / equity
0.92▼
2024 · 1.60
ROE
28.5%▼
2024 · 99.8%
ROA
14.9%▼
2024 · 38.4%
Interest coverage
21.46▼
2024 · 37.50
Debt
€75k▼
2024 · €93k
Debt ≤ 1 year
€45k▼
2024 · €50k
Debt > 1 year
€30k▼
2024 · €43k
Income taxes
€7k▼
2024 · €15k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€152k€157k▲
Fixed assets21/28€53k€44k▼
Tangible fixed assets22/27€53k€44k▼
Plant, machinery and equipment23-€4k
Furniture and vehicles24€53k€40k▼
Current assets29/58€98k€113k▲
Amounts receivable within one year40/41€94k€82k▼
Trade receivables40-€34k
Other amounts receivable41€94k€48k▼
Cash at bank and in hand54/58€5k€8k▲
Deferred charges and accrued income490/1€180€23k▲
Equity and liabilities
Total equity and liabilities10/49€152k€157k▲
Equity10/15€58k€82k▲
Contributions10/11€100€100=
Reserves13€58k€81k▲
Distributable reserves133€58k€81k▲
Amounts payable17/49€93k€75k▼
Amounts payable after more than one year17€43k€30k▼
Financial debts170/4€43k€30k▼
Amounts payable within one year42/48€50k€45k▼
Current portion of amounts payable after more than one year42€12k€13k▲
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45€34k€27k▼
Taxes450/3€31k€27k▼
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€1k€1k▲
Accrued charges and deferred income492/3€250€500▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€14k▲
Other operating charges640/8€439€236▼
Gross operating margin9900€88k€47k▼
Operating profit (loss)9901€76k€33k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€74k€30k▼
Income taxes67/77€15k€7k▼
Profit (loss) for the period9904€58k€23k▼
Profit (loss) for the period to be appropriated9905€58k€23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€58k€23k▼
Transfer to equity691/2€58k€23k▼
To other reserves6921€58k€23k▼
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
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, Merksplas · 1 establishment unit since 2023
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.
Molenzijde 40B2330 MerksplasGround area
1,466 m²
Parcel 13023G0186/00H002, Flanders. Linked by address, not a title deed.
1 establishment unit
ELLEM
since 20232.353.110.330
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13023G0186/00H002 | Flanders | 1,466 m² | - | - |
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
ZEIMERS PETER MANAGEMENT
BE 1020.818.991
Lontzen · Eq €82k
THE GREEN MANAGEMENT SERVICES
BE 0742.770.867
Knokke-Heist · Eq €82k
JORDEJO
BE 0781.521.971
Stekene · Eq €81k
DEEPWATER SOLUTIONS
BE 1015.154.686
Kortrijk · Eq €82k
InsuRonse
BE 0741.966.361
Ronse · Eq €82k
Of 5,700 companies in sector 70100 we hold annual accounts for 3,492. 2,227 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-12-2023
Fiscal year end31-12
Activities, NACEBEL
70100Activities of head offices
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.