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ELLIMAC DEVELOPMENT

Active
Private limited companyfounded 2005active for 21 yearsRue de la Station 150, 1410 Waterloo, Belgium12 active companies are registered at this addressKBO/BCE: BE 0871.308.735
Summary

The computed 12-month bankruptcy probability of ELLIMAC DEVELOPMENT is 2.4% (moderate). The 2025 annual accounts show equity of €41,987 and a net result of -€31,855. Equity is growing by about 24% per year across the filed financial years. Its solvency ranks better than 35% of 9,154 sector peers (NACE 41, financial year 2025). The company has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
ELLIMAC DEVELOPMENTActiveChecked score 51/100
Risk analysis ReportCompare

Overview

Activity
General construction of residential buildings
NACE 41001Other retail sale of food NACE 47279
1 site
Size
€145,205total assets 2025
Equity
€41,987
Loss
-€31,855
Turnover not published (micro format)
Financial health
51 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.4%
Structure
Accounts filed 2 days late1 of 5 deeds read
Why 51raises risk1 change of registered office in 24 monthsLoss of €31,855 (financial year 2025)Sector: Construction of residential and non-residential buildings (NACE 41)lowers riskFounded in 2005Show the evidence

Checked score

Score 2025
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 20% of its sector peers (NACE 41, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 54-35
equity 28.9% of total assets
Liquidity 33-23
short-term debt 58.0% · cash 10.5%
Profitability 0-80
return on assets -21.9%
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,421 companies, NACE 41, micro)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.6%▲ +0.3 percentage points vs 01-2025 03-2025: 0.2%▼ -0.4 percentage points vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025lowest value 08-2025: 0.2%● unchanged vs 07-2025lowest value 09-2025: 0.2%● unchanged vs 08-2025lowest value 10-2025: 0.3%▲ +0.1 percentage points vs 09-2025 11-2025: 0.2%▼ -0.1 percentage points vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.3%▲ +0.1 percentage points vs 12-2025 02-2026: 0.5%▲ +0.2 percentage points vs 01-2026 03-2026: 1.1%▲ +0.6 percentage points vs 02-2026 04-2026: 1.1%● unchanged vs 03-2026 05-2026: 1.1%● unchanged vs 04-2026 06-2026: 1.1%● unchanged vs 05-2026 07-2026: 1.1%● unchanged vs 06-2026 08-2026: 2.0%▲ +0.9 percentage points vs 07-2026 09-2026: 2.0%● unchanged vs 08-2026 10-2026: 2.4%▲ +0.4 percentage points vs 09-2026highest value
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.5, compared with 0.95 in 2024, below 1; short-term debt: 58% and cash: 10.5% of total assets), and 71.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro): better than 36% on solvency, 28% on liquidity, 5% on profitability and 9% on growth.

The bankruptcy probability was computed on 17-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Loss of €31,855 (financial year 2025)
NBB · annual accounts
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
lowers risk · Founded in 2005
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
2 days late
2024
1 day early
2023
on the day
2022
on the day
2021
19 days early
2020
4 days early
2019
25 days 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 7 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end17-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Registered officeRegistered-office move
  2. Annual accounts filedfinancial year 2025 · micro…
  3. Weakest financial yearnet -€31,855

Key points

  • Caution: Among the weakest 5% on net resultsector median €8,529 · 9,145 companies -€31,855 View
  • Caution: Equity fell in 2025from €103,842 to €41,987 ▼ 59.6% View
  • Total assets 20256 financial years filed €145,205 View

By topic

Financials

Financial year
2025
Total assets
€145,205
Loss
-€31,855
Solvency
28.9%
Total assets▼ 10.3%
Net result
20192025
Go to Financials

Timeline

Events
25
Since
2007
Next accounts
by 31-01-2027
  1. 30-01-2025Annual accounts filed
  2. 30-06-2024Equity above €100,000
  3. 31-01-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
General construction of residential buildingsNACE 41001
Founded
19-01-2005
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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