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ELLIMCO

Active
Private limited companyfounded 2008active for 18 yearsOoievaar 11, 3740 Bilzen-Hoeselt, BelgiumKBO/BCE: BE 0896.183.295
Summary

The computed 12-month bankruptcy probability of ELLIMCO is 2.1% (moderate). The 2025 annual accounts show negative equity (-€77,256) and a net result of -€107,398. Equity is shrinking by about 24% per year across the filed financial years. Its solvency ranks better than 12% of 11,149 sector peers (NACE 68, financial year 2025). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Development of residential building projects
NACE 68121
1 site
Size
€1.4mtotal assets 2025
Equity
-€77,256
Loss
-€107,398
Turnover not published (abbreviated or micro format)
Financial health
52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.1%
Structure
Parent
VISTATEC · 100%
Board
4 members
Accounts 6 days early2 of 7 deeds read
Why 52raises riskNegative equity -€77,256Liquidity: current ratio 0.18, cash €1,620, halved1 change of registered office in 24 monthslowers riskSize: total assets €1.4mShow the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 18% of its sector peers (NACE 68, micro)
Financial strength · tick = 2024
Weak
Solvency 19-9
equity -5.6% of total assets
Liquidity 48+5
short-term debt 13.9% · cash 0.1%
Profitability 9-6
return on assets -7.8%
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.2% (26,604 companies, NACE 68, micro)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.4%▼ -0.1 percentage points vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.6%▲ +0.2 percentage points vs 06-2025 08-2025: 0.1%▼ -0.5 percentage points vs 07-2025lowest value 09-2025: 0.4%▲ +0.3 percentage points vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.5%▲ +0.1 percentage points vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.6%▲ +0.1 percentage points vs 06-2026 08-2026: 2.1%▲ +1.5 percentage points vs 07-2026highest value 09-2026: 2.1%● unchanged vs 08-2026highest value 10-2026: 2.1%● unchanged vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.18, compared with 0.37 in 2024, below 1; short-term debt: 13.9% and cash: 0.1% of total assets), and equity is negative.
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 68, micro): better than 15% on solvency, 44% on liquidity, 12% on profitability and 2% on growth.

The bankruptcy probability was computed on 21-10-2026 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

Six signals.
lowers riskraises riskneutral
raises risk · Negative equity -€77,256
NBB · annual accounts
raises risk · Liquidity: current ratio 0.18, cash €1,620, halved
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Size: total assets €1.4m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€77,256
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 25-07-2026, 6 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
6 days early
2024
6 days early
2023
26 days late
2022
30 days late
2021
31 days late
2020
10 days late
2019
24 days late
← 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 16 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 August (5 of the last 5 filed years within 33 days of that day).
Companies Code · seven months
Where today falls in the filing period
21-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Weakest financial yearnet -€107,398
  3. Registered officeRegistered-office move · Power of…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€77,256 View
  • Caution: Result fell in 2025from -€34,828 to -€107,398 ▼ 208% View
  • Caution: Among the weakest 10% on net resultsector median €10,140 · 11,141 companies -€107,398 View
  • Controlled by VISTATEC 100% View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€107,398 View

By topic

Financials

Financial year
2025
Total assets
€1.4m
Loss
-€107,398
Solvency
-5.6%
Total assets▲ 30.5%
Net result
20182025
Go to Financials

Board & ownership

Board
4 members
Parent
VISTATEC · 100%
  • D2BDirector
  • P42Director
  • D2BDirector
  • P42Director
Go to Board & ownership

Timeline

Events
24
Since
2009
Next accounts
by 31-07-2027
  1. 25-07-2025Annual accounts filed
  2. 26-08-2024Annual accounts filed
  3. 22-07-2024Resignations: P42 (manager) and D2B (manager)
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Development of residential building projectsNACE 68121
Founded
04-03-2008
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
33
Who signs
Each director alone
Purpose
“Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle…” (deed in Dutch)
Go to Articles of association

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