ELLIMAKA
ActiveSummary
ELLIMAKA has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74k and a net result of €15k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 56% of 2284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-4
Solvency73▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.03 against 1.56 in 2024; short-term debt: 40.4% and cash: 7.9% of total assets), but 51.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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
48.1%
Return on assets
9.4%
Age of the figures
9 mo
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 €74k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
30 d early
2024
24 d early
2023
6 d early
2022
39 d early
2021
68 d early
2020
143 d early
2019
42 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€74k▲ 24.3%
2024 · €60k
2018: €5k
2019: €-511▼ -109% vs 2018
2020: €565▲ +211% vs 2019
2021: €-1k▼ -293% vs 2020lowest in 8 years
2022: €9k▲ +961% vs 2021
2023: €37k▲ +291% vs 2022
2024: €60k▲ +62.5% vs 2023
2025: €74k▲ +24.3% vs 2024highest in 8 years
2018 → 2025
Total assets
€154k▼ 12.3%
2024 · €176k
2018: €9k
2019: €3k▼ -61.9% vs 2018
2020: €4k▲ +31.1% vs 2019
2021: €3k▼ -40.8% vs 2020lowest in 8 years
2022: €26k▲ +920% vs 2021
2023: €70k▲ +171% vs 2022
2024: €176k▲ +152% vs 2023highest in 8 years
2025: €154k▼ -12.3% vs 2024
2018 → 2025
Net result
€15k▼ 36.7%
2024 · €23k
2018: €-676
2019: €-6k▼ -787% vs 2018lowest in 8 years
2020: €1k▲ +118% vs 2019
2021: €-2k▼ -254% vs 2020
2022: €10k▲ +733% vs 2021
2023: €44k▲ +323% vs 2022highest in 8 years
2024: €23k▼ -48.4% vs 2023
2025: €15k▼ -36.7% vs 2024
2018 → 2025
Working capital
€64k▲ 34.9%
2024 · €47k
2018: €5k
2019: €-352▼ -107% vs 2018
2020: €585▲ +266% vs 2019
2021: €-1k▼ -281% vs 2020lowest in 8 years
2022: €8k▲ +812% vs 2021
2023: €30k▲ +300% vs 2022
2024: €47k▲ +57.0% vs 2023
2025: €64k▲ +34.9% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-1k-€9k€37k▲ 291%€60k▲ 62.5%€74k▲ 24.3%
2021: €-1klowest in 5 years
2022: €9k▲ +961% vs 2021
2023: €37k▲ +291% vs 2022
2024: €60k▲ +62.5% vs 2023
2025: €74k▲ +24.3% vs 2024highest in 5 years
Operating result€-1k-€12k€55k▲ 354%€33k▼ 39.0%€22k▼ 32.9%
2021: €-1klowest in 5 years
2022: €12k▲ +918% vs 2021
2023: €55k▲ +354% vs 2022highest in 5 years
2024: €33k▼ -39.0% vs 2023
2025: €22k▼ -32.9% vs 2024
Net result€-2k-€10k€44k▲ 323%€23k▼ 48.4%€15k▼ 36.7%
2021: €-2klowest in 5 years
2022: €10k▲ +733% vs 2021
2023: €44k▲ +323% vs 2022highest in 5 years
2024: €23k▼ -48.4% vs 2023
2025: €15k▼ -36.7% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €154k
Fixed assets
€28k ▼ 35.2%
Current assets
€126k ▼ 4.8%
Equity and liabilities €154k
Equity
€74k ▲ 24.3%
Debt
€80k ▼ 31.1%
Debt's share of the balance-sheet total falls from 66.1% to 51.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40k▼
2024 · €41k
Cash flow
€32k▲
2024 · €31k
Current ratio
2.03▲
2024 · 1.56
Debt to equity
1.08▼
2024 · 1.95
ROE
19.6%▼
2024 · 38.4%
ROA
9.4%▼
2024 · 13.0%
Interest coverage
16.31▼
2024 · 33.85
Debt ≤ 1 year
€62k▼
2024 · €85k
Debt > 1 year
€18k▼
2024 · €31k
Income taxes
€5k▼
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€176k€154k▼
Fixed assets21/28€44k€28k▼
Tangible fixed assets22/27€44k€28k▼
Plant, machinery and equipment23€15k€11k▼
Furniture and vehicles24€29k€17k▼
Current assets29/58€133k€126k▼
Amounts receivable within one year40/41€110k€114k▲
Trade receivables40€54k€59k▲
Other amounts receivable41€56k€55k▼
Cash at bank and in hand54/58€23k€12k▼
Deferred charges and accrued income490/1€47€0▼
Equity and liabilities
Total equity and liabilities10/49€176k€154k▼
Equity10/15€60k€74k▲
Contributions10/11€6k€6k=
Reserves13€53k€68k▲
Distributable reserves133€53k€68k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€116k€80k▼
Amounts payable after more than one year17€31k€18k▼
Financial debts170/4€31k€18k▼
Amounts payable within one year42/48€85k€62k▼
Current portion of amounts payable after more than one year42€13k€13k▲
Trade debts44€54k€41k▼
Suppliers440/4€54k€41k▼
Taxes, remuneration and social security45€18k€7k▼
Taxes450/3€18k€7k▼
Other amounts payable47/48€478€829▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€17k▲
Other operating charges640/8€700€1k▲
Gross operating margin9900€42k€41k▼
Operating profit (loss)9901€33k€22k▼
Financial income75/76B€11€1▼
Recurring financial income75€11€1▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€32k€20k▼
Income taxes67/77€9k€5k▼
Profit (loss) for the period9904€23k€15k▼
Profit (loss) for the period to be appropriated9905€23k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€15k▼
Transfer to equity691/2€23k€15k▼
To other reserves6921€23k€15k▼
Profit to be distributed694/7€0-
Directors or managers695€0-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €245 | €1k | €8k | €17k | ▲ 120% |
| Other operating charges640/8 | €503 | €511 | €556 | €700 | €1k | ▲ 113% |
| Gross operating margin9900 | €-975 | €13k | €57k | €42k | €41k | ▼ 1.9% |
| Operating profit (loss)9901 | €-1k | €12k | €55k | €33k | €22k | ▼ 32.9% |
| Financial income75/76B | - | €33 | €999 | €11 | €1 | ▼ 95.0% |
| Recurring financial income75 | - | €33 | €999 | €11 | €1 | ▼ 95.0% |
| Financial charges65/66B | €180 | €316 | €276 | €1k | €2k | ▲ 99.7% |
| Recurring financial charges65 | €180 | €316 | €276 | €1k | €2k | ▲ 99.7% |
| Profit (loss) for the period before taxes9903 | €-2k | €12k | €56k | €32k | €20k | ▼ 38.0% |
| Income taxes67/77 | - | €1k | €11k | €9k | €5k | ▼ 41.2% |
| Profit (loss) for the period9904 | €-2k | €10k | €44k | €23k | €15k | ▼ 36.7% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €10k | €44k | €23k | €15k | ▼ 36.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3k | €26k | €70k | €176k | €154k | ▼ 12.3% |
| Fixed assets21/28 | - | €2k | €7k | €44k | €28k | ▼ 35.2% |
| Tangible fixed assets22/27 | - | €2k | €7k | €44k | €28k | ▼ 35.2% |
| Plant, machinery and equipment23 | - | - | €1k | €15k | €11k | ▼ 24.4% |
| Furniture and vehicles24 | - | €2k | €5k | €29k | €17k | ▼ 40.9% |
| Current assets29/58 | €3k | €24k | €63k | €133k | €126k | ▼ 4.8% |
| Amounts receivable within one year40/41 | €198 | €2k | €62k | €110k | €114k | ▲ 3.9% |
| Trade receivables40 | - | - | €28k | €54k | €59k | ▲ 9.6% |
| Other amounts receivable41 | €198 | €2k | €34k | €56k | €55k | ▼ 1.5% |
| Cash at bank and in hand54/58 | €2k | €21k | €414 | €23k | €12k | ▼ 46.5% |
| Deferred charges and accrued income490/1 | - | - | €999 | €47 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3k | €26k | €70k | €176k | €154k | ▼ 12.3% |
| Equity10/15 | €-1k | €9k | €37k | €60k | €74k | ▲ 24.3% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | - | €3k | €31k | €53k | €68k | ▲ 27.2% |
| Distributable reserves133 | - | €3k | €31k | €53k | €68k | ▲ 27.2% |
| Profit (loss) carried forward14 | €-7k | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €4k | €16k | €33k | €116k | €80k | ▼ 31.1% |
| Amounts payable after more than one year17 | - | - | - | €31k | €18k | ▼ 42.7% |
| Financial debts170/4 | - | - | - | €31k | €18k | ▼ 42.7% |
| Amounts payable within one year42/48 | €4k | €16k | €33k | €85k | €62k | ▼ 26.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13k | €13k | ▲ 5.2% |
| Trade debts44 | €230 | €3k | €4k | €54k | €41k | ▼ 24.4% |
| Suppliers440/4 | €230 | €3k | €4k | €54k | €41k | ▼ 24.4% |
| Taxes, remuneration and social security45 | - | €1k | €12k | €18k | €7k | ▼ 59.1% |
| Taxes450/3 | - | €1k | €12k | €18k | €7k | ▼ 59.1% |
| Other amounts payable47/48 | €3k | €12k | €17k | €478 | €829 | ▲ 73.4% |
| Accrued charges and deferred income492/3 | €33 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €10k | €44k | €23k | €15k | ▼ 36.7% |
| + Depreciation and write-downs630 | - | €245 | €1k | €8k | €17k | ▲ 120% |
| Operating cash flow (approximation) | €-2k | €11k | €46k | €31k | €32k | ▲ 3.4% |
| Investment in fixed assets (approximation) | - | - | €-6k | €-45k | €-2k | ▲ 95.5% |
| Change in cash | - | €19k | €-21k | €22k | €-11k | ▼ 147% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €44k ▲323%
Operating result €55k, net result €44k, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.46
Current ratio from 0.70 to 1.46.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Geel · 1 establishment unit since 2016
Ground area
1.1 ha
Building footprint
3,240 m²
Volume, LiDAR
14,359 m³
Parcel 13376G0389/00P000, Flanders · tallest building 5.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Widi Build
since 20162.250.392.377
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13376G0389/00P000 | Flanders | 1.1 ha | 1 · 3,240 m² | 5.8 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.
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Of 11,218 companies in sector 82100 we hold annual accounts for 3,511. 2,591 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
Founded11-02-2016
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.