Ellima
ActiveSummary
Ellima has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €197,138 and a net result of €177,729. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 36% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency63▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 12.74 against 15.6 in 2024; short-term debt: 6.5% and cash: 21.2% of total assets), but 61.8% of the assets are financed with debt.
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Signals
Three 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
38.2%
Return on assets
34.5%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 13-10-2025, 18 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
18 d early
2024
31 d early
2023
1 d early
2022
on the day
2021
33 d early
2020
18 d early
2019
31 d early
← 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 19 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 13 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€197,138▼ 27.9%
2024 · €273,409
Total assets
€515,808▼ 12.5%
2024 · €589,495
Net result
€177,729▲ 3.1%
2024 · €172,302
Working capital
€394,689▼ 12.9%
2024 · €453,237
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€107,981▲ 3.9%€259,646▲ 140%€309,842▲ 19.3%€222,977▼ 28.0%€231,503▲ 3.8%
Net result€92,879above the sector's middle half▲ 13.5%€199,135above the sector's middle half▲ 114%€240,598above the sector's middle half▲ 20.8%€172,302above the sector's middle half▼ 28.4%€177,729above the sector's middle half▲ 3.1%
Equity€288,974above the sector's middle half▲ 47.4%€288,109above the sector's middle half▼ 0.3%€341,107above the sector's middle half▲ 18.4%€273,409above the sector's middle half▼ 19.8%€197,138within the sector's middle half▼ 27.9%
Total assets€333,233within the sector's middle half▲ 29.6%€956,035above the sector's middle half▲ 187%€653,592above the sector's middle half▼ 31.6%€589,495above the sector's middle half▼ 9.8%€515,808above the sector's middle half▼ 12.5%
Debt€44,259▼ 27.5%€667,926▲ 1,409%€312,485▼ 53.2%€316,086▲ 1.2%€318,669▲ 0.8%
Working capital€144,055above the sector's middle half▼ 19.7%€151,855above the sector's middle half▲ 5.4%€501,305above the sector's middle half▲ 230%€453,237above the sector's middle half▼ 9.6%€394,689above the sector's middle half▼ 12.9%
Solvency86.7%above the sector's middle half▲ 10.5pp30.1%within the sector's middle half▼ 56.6pp52.2%within the sector's middle half▲ 22.1pp46.4%within the sector's middle half▼ 5.8pp38.2%within the sector's middle half▼ 8.2pp
Current ratio4.37within the sector's middle half▲ 0.361.23within the sector's middle half▼ 3.1419.35above the sector's middle half▲ 18.1315.60above the sector's middle half▼ 3.7612.74above the sector's middle half▼ 2.86
Return on assets (ROA)27.9%above the sector's middle half▼ 4.0pp20.8%within the sector's middle half▼ 7.0pp36.8%above the sector's middle half▲ 16.0pp29.2%within the sector's middle half▼ 7.6pp34.5%above the sector's middle half▲ 5.2pp
Staff (FTE)0.3=1▲ 233%0.2▼ 80.0%0.5▲ 150%1▲ 100%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 4% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €515,808
Fixed assets
€87,489 ▼ 16.8%
Current assets
€428,319 ▼ 11.6%
Equity and liabilities €515,808
Equity
€197,138 ▼ 27.9%
Debt
€318,669 ▲ 0.8%
Debt's share of the balance-sheet total rises from 53.6% to 61.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€249,227▲
2024 · €242,740
Cash flow
€195,452▲
2024 · €192,065
Debt to equity
1.62▲
2024 · 1.16
ROE
90.2%▲
2024 · 63.0%
Interest coverage
102.33▼
2024 · 273.04
Debt ≤ 1 year
€33,630▲
2024 · €31,047
Debt > 1 year
€285,040=
2024 · €285,040
Income taxes
€53,788▲
2024 · €51,579
Staff costs
€21,825▲
2024 · €13,057
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €20,029 | €2,093 | €13,057 | €21,825 | ▲ 67.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,045 | €28,684 | €18,674 | €19,763 | €17,723 | ▼ 10.3% |
| Other operating charges640/8 | - | €468 | €469 | €516 | €1,108 | ▲ 115% |
| Gross operating margin9900 | €137,683 | €308,827 | €331,077 | €256,313 | €272,159 | ▲ 6.2% |
| Operating profit (loss)9901 | €107,981 | €259,646 | €309,842 | €222,977 | €231,503 | ▲ 3.8% |
| Financial income75/76B | - | €614 | €4,810 | €1,792 | €2,449 | ▲ 36.7% |
| Recurring financial income75 | €1,138 | €614 | €4,810 | €1,792 | €2,449 | ▲ 36.7% |
| Financial charges65/66B | - | €394 | €921 | €889 | €2,435 | ▲ 174% |
| Recurring financial charges65 | €577 | €394 | €921 | €889 | €2,435 | ▲ 174% |
| Profit (loss) for the period before taxes9903 | €108,541 | €259,867 | €313,730 | €223,881 | €231,517 | ▲ 3.4% |
| Income taxes67/77 | €15,662 | €60,732 | €73,132 | €51,579 | €53,788 | ▲ 4.3% |
| Profit (loss) for the period9904 | €92,879 | €199,135 | €240,598 | €172,302 | €177,729 | ▲ 3.1% |
| Profit (loss) for the period to be appropriated9905 | €92,879 | €199,135 | €240,598 | €172,302 | €177,729 | ▲ 3.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €333,233 | €956,035 | €653,592 | €589,495 | €515,808 | ▼ 12.5% |
| Fixed assets21/28 | €146,420 | €136,254 | €124,974 | €105,212 | €87,489 | ▼ 16.8% |
| Tangible fixed assets22/27 | €140,420 | €130,254 | €118,974 | €99,212 | €81,489 | ▼ 17.9% |
| Furniture and vehicles24 | - | €4,791 | €8,724 | €4,172 | €1,661 | ▼ 60.2% |
| Other tangible fixed assets26 | - | €125,463 | €110,251 | €95,039 | €79,828 | ▼ 16.0% |
| Financial fixed assets28 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Current assets29/58 | €186,813 | €819,781 | €528,618 | €484,284 | €428,319 | ▼ 11.6% |
| Amounts receivable after more than one year29 | - | €0 | - | - | - | - |
| Other amounts receivable291 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €14,935 | €649,865 | €425,326 | €288,997 | €319,015 | ▲ 10.4% |
| Trade receivables40 | - | €645,446 | €131,095 | €0 | €33,692 | - |
| Other amounts receivable41 | - | €4,419 | €294,230 | €288,997 | €285,323 | ▼ 1.3% |
| Current investments50/53 | - | €72,064 | €72,064 | €72,064 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €95,720 | €97,853 | €27,739 | €123,223 | €109,304 | ▼ 11.3% |
| Deferred charges and accrued income490/1 | - | - | €3,489 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €333,233 | €956,035 | €653,592 | €589,495 | €515,808 | ▼ 12.5% |
| Equity10/15 | €288,974 | €288,109 | €341,107 | €273,409 | €197,138 | ▼ 27.9% |
| Contributions10/11 | - | €6,200 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €282,774 | €281,909 | €322,000 | €254,000 | €178,000 | ▼ 29.9% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €281,909 | €322,000 | €254,000 | €178,000 | ▼ 29.9% |
| Profit (loss) carried forward14 | - | €0 | €507 | €809 | €538 | ▼ 33.5% |
| Amounts payable17/49 | €44,259 | €667,926 | €312,485 | €316,086 | €318,669 | ▲ 0.8% |
| Amounts payable after more than one year17 | - | - | €285,040 | €285,040 | €285,040 | = |
| Financial debts170/4 | - | - | €285,040 | €285,040 | €285,040 | = |
| Amounts payable within one year42/48 | €42,759 | €667,926 | €27,313 | €31,047 | €33,630 | ▲ 8.3% |
| Trade debts44 | €5,146 | €1,442 | €3,845 | €1,468 | €2,593 | ▲ 76.7% |
| Suppliers440/4 | - | €1,442 | €3,845 | €1,468 | €2,593 | ▲ 76.7% |
| Taxes, remuneration and social security45 | - | €654,967 | €23,400 | €27,820 | €26,956 | ▼ 3.1% |
| Taxes450/3 | - | €115,690 | €22,916 | €20,235 | €22,354 | ▲ 10.5% |
| Remuneration and social security454/9 | - | €539,277 | €484 | €7,585 | €4,602 | ▼ 39.3% |
| Other amounts payable47/48 | - | €11,516 | €68 | €1,759 | €4,080 | ▲ 132% |
| Accrued charges and deferred income492/3 | - | €0 | €133 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €92,879 | €199,135 | €240,598 | €172,302 | €177,729 | ▲ 3.1% |
| + Depreciation and write-downs630 | €12,045 | €28,684 | €18,674 | €19,763 | €17,723 | ▼ 10.3% |
| Operating cash flow (approximation) | €104,924 | €227,819 | €259,272 | €192,065 | €195,452 | ▲ 1.8% |
| Investment in fixed assets (approximation) | - | -€18,518 | -€7,395 | €0 | €0 | - |
| Change in cash | - | €2,133 | -€70,114 | €95,483 | -€13,919 | ▼ 115% |
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
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
11-02
State Gazette act
General meeting · Director reappointment
Permanent representative · Mandate compensation
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
24-07
State Gazette act
General meeting · Director reappointment
Permanent representative
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2019net €240,598 ▲20.8%
Operating result €309,842, net result €240,598, both a record.
31-03
Financial
Liquidity times 16current ratio 19.35
Current ratio from 1.23 to 19.35; short-term debt falls from €667,926 to €27,313.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
18-10
State Gazette act
General meeting · Statutes amendment
Corporate purpose · Capital
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Equity above €200,000Eq €288,974 ▲47.4%
3 profitable years in a row build equity to €288,974.
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
27-07
State Gazette act
General meeting · Statutes amendment
Corporate purpose · Capital
27-07
State Gazette act
General meeting · Statutes amendment
Capital · Corporate purpose · Orinn Vijncke
31-03
Financial
Weakest financial yearnet €81,855 ▼24.2%
Net result drops to €81,855, the lowest in the series; recovery starts the following year.
31-03
Financial
Equity above €150,000Eq €196,095 ▲71.7%
2 profitable years in a row build equity to €196,095.
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
17-09
State Gazette act
General meeting · Director appointment
Permanent representative · Mandate compensation
05-04
State Gazette act
General meeting · Director resignation
Director appointment · Mandate compensation
11-03
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
2018
14-12
State Gazette act
Board meeting · Director appointment
Permanent representative · Mandate compensation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Gent · 1 establishment unit since 2017
Ground area
1,868 m²
Building footprint
249 m²
Volume, LiDAR
143 m³
Parcel 44062A0017/00P000, Flanders · tallest building 4.7 m. Linked by address, not a title deed.
1 establishment unit
ELLIMA
since 20172.265.347.007
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0017/00P000 | Flanders | 1,868 m² | 1 · 249 m² | 4.7 m |
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
Connections & network
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Ownership & control
3 board mandatesBoard mandates of this companythis company sits on their board3
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 915 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 915 EUR | 0 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 40,152 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
Founded13-06-2017
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0676759991
Also
9925:BE0676759991
Registered
24-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.