ELLITO
ActiveSummary
ELLITO has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€10,792) and a net result of €38,883. Equity is growing by ~21.2% per year across the filed fiscal years. Its solvency ranks better than 7% of 279 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.78 against 0.33 in 2024; short-term debt: 127.6% and cash: 26.3% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-27.6%
Return on assets
99.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 279 sector peers (2025).
NBB · sector comparisonPosition among 279 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
41 d late
2024
24 d early
2023
1 d early
2022
7 d early
2021
on the day
2020
1 d early
2019
9 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 on the deadline day; the sector median for financial year 2024 is 23 days before the deadline, and 27% of the sector filed late.
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. Usually files around 31 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#7 oldest company in West Flanders, Energy sector
Equity
-€10,792▲ 78.3%
2024 · -€49,676
Total assets
€39,098▲ 58.0%
2024 · €24,741
Net result
€38,883▲ 165%
2024 · €14,676
Working capital
-€10,792▲ 78.3%
2024 · -€49,676
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, 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€33,651▲ 134%€28,648▼ 14.9%€29,225▲ 2.0%€23,156▼ 20.8%€51,598▲ 123%
Net result€27,556within the sector's middle half▲ 132%€21,424within the sector's middle half▼ 22.3%€20,851within the sector's middle half▼ 2.7%€14,676within the sector's middle half▼ 29.6%€38,883within the sector's middle half▲ 165%
Equity-€106,628below the sector's middle half▲ 20.5%-€85,204below the sector's middle half▲ 20.1%-€64,352below the sector's middle half▲ 24.5%-€49,676below the sector's middle half▲ 22.8%-€10,792below the sector's middle half▲ 78.3%
Total assets€49,718below the sector's middle half▼ 2.9%€64,992below the sector's middle half▲ 30.7%€62,703below the sector's middle half▼ 3.5%€24,741below the sector's middle half▼ 60.5%€39,098below the sector's middle half▲ 58.0%
Debt€156,346▼ 15.7%€150,195▼ 3.9%€127,056▼ 15.4%€74,417▼ 41.4%€49,890▼ 33.0%
Working capital-€107,179below the sector's middle half▲ 20.8%-€85,204below the sector's middle half▲ 20.5%-€64,352below the sector's middle half▲ 24.5%-€49,676below the sector's middle half▲ 22.8%-€10,792within the sector's middle half▲ 78.3%
Solvency-214.5%below the sector's middle half▲ 47.7pp-131.1%below the sector's middle half▲ 83.4pp-102.6%below the sector's middle half▲ 28.5pp-200.8%below the sector's middle half▼ 98.2pp-27.6%below the sector's middle half▲ 173.2pp
Current ratio0.31below the sector's middle half▲ 0.040.43below the sector's middle half▲ 0.120.49below the sector's middle half▲ 0.060.33below the sector's middle half▼ 0.160.78within the sector's middle half▲ 0.45
Return on assets (ROA)55.4%above the sector's middle half▲ 32.2pp33.0%above the sector's middle half▼ 22.5pp33.3%above the sector's middle half▲ 0.3pp59.3%above the sector's middle half▲ 26.1pp99.5%above the sector's middle half▲ 40.1pp
above
within
below
the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings.
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 recovers in 2025; 2025 is 123% above 2024 and is the highest result in the available series.
Key figures and ratios
Quick ratio
0.77▲
2024 · 0.29
Debt to equity
-4.62▼
2024 · -1.50
Debt ≤ 1 year
€49,890▼
2024 · €74,417
Income taxes
€12,675▲
2024 · €7,933
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% 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 3,798 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €551 | €551 | - | - | - | - |
| Other operating charges640/8 | €751 | €472 | €384 | €1,536 | €400 | ▼ 74.0% |
| Gross operating margin9900 | €34,953 | €29,671 | €29,609 | €24,693 | €51,998 | ▲ 111% |
| Operating profit (loss)9901 | €33,651 | €28,648 | €29,225 | €23,156 | €51,598 | ▲ 123% |
| Financial income75/76B | €6,104 | €2,591 | €2,174 | - | €315 | - |
| Recurring financial income75 | €6,104 | €2,591 | €2,174 | - | €270 | - |
| Non-recurring financial income76B | - | - | - | - | €45 | - |
| Financial charges65/66B | €900 | €579 | €705 | €547 | €355 | ▼ 35.1% |
| Recurring financial charges65 | €900 | €579 | €705 | €547 | €355 | ▼ 35.1% |
| Profit (loss) for the period before taxes9903 | €38,855 | €30,660 | €30,694 | €22,609 | €51,558 | ▲ 128% |
| Income taxes67/77 | €11,299 | €9,236 | €9,843 | €7,933 | €12,675 | ▲ 59.8% |
| Profit (loss) for the period9904 | €27,556 | €21,424 | €20,851 | €14,676 | €38,883 | ▲ 165% |
| Profit (loss) for the period to be appropriated9905 | €27,556 | €21,424 | €20,851 | €14,676 | €38,883 | ▲ 165% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49,718 | €64,992 | €62,703 | €24,741 | €39,098 | ▲ 58.0% |
| Fixed assets21/28 | €551 | - | - | - | €0 | - |
| Intangible fixed assets21 | - | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €551 | - | - | - | €0 | - |
| Furniture and vehicles24 | €551 | - | - | - | €0 | - |
| Current assets29/58 | €49,167 | €64,992 | €62,703 | €24,741 | €39,098 | ▲ 58.0% |
| Stocks and contracts in progress3 | €10,156 | €13,732 | €16,311 | €3,212 | €789 | ▼ 75.4% |
| Stocks30/36 | €10,156 | €13,732 | €16,311 | €3,212 | €789 | ▼ 75.4% |
| Amounts receivable within one year40/41 | €37,844 | €32,306 | €39,521 | €19,885 | €28,031 | ▲ 41.0% |
| Trade receivables40 | €37,844 | €32,306 | €39,521 | €19,885 | €28,031 | ▲ 41.0% |
| Cash at bank and in hand54/58 | €1,168 | €18,953 | €6,871 | €1,644 | €10,278 | ▲ 525% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49,718 | €64,992 | €62,703 | €24,741 | €39,098 | ▲ 58.0% |
| Equity10/15 | -€106,628 | -€85,204 | -€64,352 | -€49,676 | -€10,792 | ▲ 78.3% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€127,079 | -€105,655 | -€84,804 | -€70,127 | -€31,244 | ▲ 55.4% |
| Amounts payable17/49 | €156,346 | €150,195 | €127,056 | €74,417 | €49,890 | ▼ 33.0% |
| Amounts payable within one year42/48 | €156,346 | €150,195 | €127,056 | €74,417 | €49,890 | ▼ 33.0% |
| Trade debts44 | €4,390 | €25,978 | €30,422 | €2,500 | €1,940 | ▼ 22.4% |
| Suppliers440/4 | €4,390 | €25,978 | €30,422 | €2,500 | €1,940 | ▼ 22.4% |
| Taxes, remuneration and social security45 | €14,681 | €7,424 | €9,936 | €7,494 | €9,705 | ▲ 29.5% |
| Taxes450/3 | €14,681 | €7,424 | €9,936 | €7,494 | €9,705 | ▲ 29.5% |
| Other amounts payable47/48 | €137,275 | €116,793 | €86,698 | €64,423 | €38,245 | ▼ 40.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,556 | €21,424 | €20,851 | €14,676 | €38,883 | ▲ 165% |
| + Depreciation and write-downs630 | €551 | €551 | - | - | - | - |
| Operating cash flow (approximation) | €28,107 | €21,975 | €20,851 | €14,676 | €38,883 | ▲ 165% |
| Change in cash | - | €17,785 | -€12,082 | -€5,227 | €8,634 | ▲ 265% |
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
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 41 days late
2025
31-12
Financial
Highest result since 2018net €38,883 ▲165%
Operating result €51,598, net result €38,883, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Knokke-Heist · 1 establishment unit since 1985
Ground area
1,670 m²
Building footprint
347 m²
Volume, LiDAR
2,132 m³
Parcel 31332E0178/00E000, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kustlaan 100, 8300 Knokke-Heist
since 19852.027.757.086
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332E0178/00E000 | Flanders | 1,670 m² | 1 · 347 m² | 11.6 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 563 companies in sector 35150 we hold annual accounts for 230. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-09-1985
Fiscal year end31-12
Activities, NACEBEL 2025
35150Electricity, gas, steam and air conditioning supply
46474Wholesale trade
47552Retail sale of lighting equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427714669
Also
9925:BE0427714669
Registered
27-03-2026
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.