ELLIXE development
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 24-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is a loss of €2,106, larger than the loss of €1,193 in 2024. It is the lowest result since 2023.
Turnover and EBIT margin are not published. The micro format does not require them.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11 | €431 | €431 | = |
| Other operating charges640/8 | - | - | €645 | - |
| Gross operating margin9900 | - | -€761 | -€1,030 | ▼ 35.3% |
| Operating profit (loss)9901 | -€11 | -€1,193 | -€2,106 | ▼ 76.6% |
| Financial income75/76B | - | €1 | €405 | ▲ 548× |
| Recurring financial income75 | - | €1 | €405 | ▲ 548× |
| Financial charges65/66B | - | €53 | €2,808 | ▲ 53× |
| Recurring financial charges65 | - | €53 | €2,808 | ▲ 53× |
| Profit (loss) for the period before taxes9903 | -€11 | -€1,244 | -€4,509 | ▼ 262% |
| Profit (loss) for the period9904 | -€11 | -€1,244 | -€4,509 | ▼ 262% |
| Profit (loss) for the period to be appropriated9905 | -€11 | -€1,244 | -€4,509 | ▼ 262% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €19,989 | €18,744 | €528,336 | ▲ 28× |
| Formation expenses20 | €2,145 | €1,714 | €1,283 | ▼ 25.2% |
| Current assets29/58 | €17,844 | €17,031 | €527,053 | ▲ 31× |
| Stocks and contracts in progress3 | - | - | €518,885 | - |
| Stocks30/36 | - | - | €518,885 | - |
| Amounts receivable within one year40/41 | €17,000 | €17,023 | €7,679 | ▼ 54.9% |
| Other amounts receivable41 | €17,000 | €17,023 | €7,679 | ▼ 54.9% |
| Current investments50/53 | - | €7 | - | - |
| Cash at bank and in hand54/58 | €844 | - | €489 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €19,989 | €18,744 | €528,336 | ▲ 28× |
| Equity10/15 | €19,989 | €18,744 | €14,236 | ▼ 24.1% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€11 | -€1,256 | -€5,764 | ▼ 359% |
| Amounts payable17/49 | - | - | €514,100 | - |
| Amounts payable after more than one year17 | - | - | €385,686 | - |
| Financial debts170/4 | - | - | €385,686 | - |
| Amounts payable within one year42/48 | - | - | €128,414 | - |
| Trade debts44 | - | - | €37,993 | - |
| Suppliers440/4 | - | - | €37,993 | - |
| Other amounts payable47/48 | - | - | €90,421 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11 | -€1,244 | -€4,509 | ▼ 262% |
| + Depreciation and write-downs630 | €11 | €431 | €431 | = |
| Operating cash flow (approximation) | €0 | -€813 | -€4,078 | ▼ 401% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 865 companies had the same profile as ELLIXE development has now. Two years later, 96.6% were still going and 1.5% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency under 10%
- a small loss
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ELLIXE development itself: 1.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 865 companies, not a prediction for ELLIXE development. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.