ELLIMAC DEVELOPMENT
ActiveFrom the official registers: KBO 20 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of ELLIMAC DEVELOPMENT is 2.3% (moderate). The 2025 annual accounts show equity of €41,987 and a net result of -€31,855. Equity has been growing by about 24% per year since 2019. Its solvency ranks better than 35% of 9,380 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.
Financials · financial year 2025, micro format
2025 annual accounts filed 2 days after the deadline Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00034144.
Annual accounts 2025
- Financial year ended
- 30-06-2025
- Filed on
- 02-02-2026
- Format
- micro format
- Reference
- 2026-00034144
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is a loss of €27,211, after a profit of €18,365 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,368 | €1,829 | €510 | €917 | €3,161 | €3,795 | €3,483 | ▼ 8.2% |
| Other operating charges640/8 | - | - | - | €7,012 | €1,716 | €2,187 | €3,436 | ▲ 57.1% |
| Gross operating margin9900 | €20,824 | €29,075 | €53,844 | €21,080 | -€15,592 | €24,347 | -€20,293 | - |
| Operating profit (loss)9901 | €11,890 | €25,833 | €51,026 | €13,151 | -€20,468 | €18,365 | -€27,211 | - |
| Financial income75/76B | - | - | - | €16 | €47,651 | €78 | €5 | ▼ 93.9% |
| Recurring financial income75 | €0 | - | €14 | €16 | €47,651 | €78 | €5 | ▼ 93.9% |
| Financial charges65/66B | - | - | - | €3,732 | €3,281 | €3,514 | €4,179 | ▲ 18.9% |
| Recurring financial charges65 | €1,122 | €3,055 | €3,096 | €3,732 | €3,281 | €3,514 | €4,179 | ▲ 18.9% |
| Profit (loss) for the period before taxes9903 | €10,768 | €22,778 | €47,944 | €9,435 | €23,902 | €14,929 | -€31,385 | - |
| Income taxes67/77 | €8,060 | €9,168 | €15,380 | €3,305 | €566 | €322 | €470 | ▲ 46.0% |
| Profit (loss) for the period9904 | €2,708 | €13,610 | €32,564 | €6,130 | €23,335 | €14,607 | -€31,855 | - |
| Profit (loss) for the period to be appropriated9905 | €2,708 | €13,610 | €32,564 | €6,130 | €23,335 | €14,607 | -€31,855 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €140,161 | €191,065 | €215,516 | €309,759 | €290,454 | €161,946 | €145,205 | ▼ 10.3% |
| Fixed assets21/28 | €101,950 | €100,895 | €102,022 | €105,032 | €108,160 | €106,527 | €103,375 | ▼ 3.0% |
| Tangible fixed assets22/27 | €1,900 | €845 | €1,972 | €4,982 | €8,110 | €6,477 | €3,325 | ▼ 48.7% |
| Plant, machinery and equipment23 | - | - | - | €2,909 | €5,053 | €4,336 | €2,694 | ▼ 37.9% |
| Furniture and vehicles24 | - | - | - | €2,072 | €3,057 | €2,142 | €631 | ▼ 70.6% |
| Financial fixed assets28 | €100,050 | €100,050 | €100,050 | €100,050 | €100,050 | €100,050 | €100,050 | = |
| Current assets29/58 | €38,211 | €90,169 | €113,494 | €204,728 | €182,294 | €55,418 | €41,831 | ▼ 24.5% |
| Amounts receivable within one year40/41 | €1,800 | €42,014 | €94,950 | €113,894 | €119,501 | €24,364 | €25,199 | ▲ 3.4% |
| Trade receivables40 | - | - | - | €113,894 | €113,003 | €19,716 | €23,029 | ▲ 16.8% |
| Other amounts receivable41 | - | - | - | - | €6,498 | €4,648 | €2,170 | ▼ 53.3% |
| Cash at bank and in hand54/58 | €23,136 | €47,270 | €17,287 | €89,454 | €60,398 | €29,281 | €15,243 | ▼ 47.9% |
| Deferred charges and accrued income490/1 | - | - | - | €1,379 | €2,396 | €1,773 | €1,389 | ▼ 21.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €140,161 | €191,065 | €215,516 | €309,759 | €290,454 | €161,946 | €145,205 | ▼ 10.3% |
| Equity10/15 | €16,044 | €29,654 | €62,219 | €67,540 | €90,068 | €103,842 | €41,987 | ▼ 59.6% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €7,984 | €21,594 | €54,159 | €59,480 | €82,008 | €95,782 | €33,927 | ▼ 64.6% |
| Amounts payable17/49 | €124,117 | €161,410 | €153,297 | €242,219 | €200,387 | €58,104 | €103,218 | ▲ 77.6% |
| Amounts payable after more than one year17 | - | €18,262 | €10,511 | €2,179 | - | - | €18,968 | - |
| Financial debts170/4 | - | - | - | €2,179 | - | - | €18,968 | - |
| Amounts payable within one year42/48 | €124,117 | €143,148 | €142,786 | €110,437 | €200,387 | €58,104 | €84,251 | ▲ 45.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,332 | €2,179 | - | €4,334 | - |
| Trade debts44 | €13,668 | €10,580 | €16,009 | €31,538 | €192,457 | €37,792 | €23,939 | ▼ 36.7% |
| Suppliers440/4 | - | - | - | €31,538 | €192,457 | €37,792 | €23,939 | ▼ 36.7% |
| Taxes, remuneration and social security45 | - | - | - | €4,859 | €1,559 | €2,071 | €11,088 | ▲ 435% |
| Taxes450/3 | - | - | - | €4,859 | €1,559 | €2,071 | €11,088 | ▲ 435% |
| Other amounts payable47/48 | - | - | - | €65,708 | €4,193 | €18,240 | €44,891 | ▲ 146% |
| Accrued charges and deferred income492/3 | - | - | - | €129,603 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,708 | €13,610 | €32,564 | €6,130 | €23,335 | €14,607 | -€31,855 | - |
| + Depreciation and write-downs630 | €2,368 | €1,829 | €510 | €917 | €3,161 | €3,795 | €3,483 | ▼ 8.2% |
| Operating cash flow (approximation) | €5,075 | €15,439 | €33,074 | €7,047 | €26,496 | €18,402 | -€28,372 | - |
| Investment in fixed assets (approximation) | - | -€774 | -€1,636 | -€3,927 | -€6,289 | -€2,162 | -€330 | ▲ 84.8% |
| Change in cash | - | €24,135 | -€29,984 | €72,167 | -€29,057 | -€31,117 | -€14,038 | ▲ 54.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 02-02-2026 | 2026-00034144 | |
| 30-06-2024 | micro format | 30-01-2025 | 2025-00028444 | |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00026239 | |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00018240 | |
| 30-06-2021 | micro format | 12-01-2022 | 2022-00700297 | |
| 30-06-2020 | micro format | 27-01-2021 | 2021-01800287 | |
| 30-06-2019 | micro format | 06-01-2020 | 2020-00200043 | |
| 30-06-2018 | micro format | 29-11-2018 | 2018-73000368 | |
| 30-06-2017 | micro format | 09-01-2018 | 2018-00600089 | |
| 30-06-2016 | full format | 09-01-2017 | 2017-00400412 |
Comparable companies
These companies have the same main activity as ELLIMAC DEVELOPMENT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €134,000 and €163,000, founded between 2002 and 2007.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| ELLIMAC DEVELOPMENT Waterloo | 2005 | €145,205 | €41,987 | -€20,293 | -€31,855 | 2025 |
| V&D HABITAT Tubize | 2004 | €134,487 | €131,870 | -€2,593 | -€2,112 | 2025 |
| IMMO DELIJA CONSTRUCTIONS Braine-l'Alleud | 2006 | €149,039 | €63,415 | €214 | -€6,309 | 2025 |
| ADURO BUILD Wavre | 2007 | €162,789 | €42,968 | -€12,609 | -€31,214 | 2025 |
| ENTREPRISE BATIMENTS KUREK Ganshoren | 2006 | €144,069 | €76,970 | -€24,544 | €10,157 | 2025 |
| BOUWONDERNEMING CORDIER Ternat | 2003 | €134,746 | €106,134 | -€5,690 | -€21,101 | 2025 |
| DEMEULENAERE Oostkamp | 2002 | €137,614 | €133,553 | -€2,140 | -€8,302 | 2025 |
They were chosen from the 15,546 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.