ELLMARO
ActiveELLMARO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.70M and a net result of €307k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
short-term debt: 0.3% and cash: 12.8% of total assets, and 0.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
99.7%
Return on assets
18%
Age of the figures
9 mo
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
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
3 d early
2023
5 d early
2022
27 d early
2021
109 d early
2020
74 d early
2019
73 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.70M▲ 9.0%
2024 · €1.56M
2018: €1.05M
2019: €1.11M
2020: €1.07M
2021: €1.03M
2022: €1.23M
2023: €1.29M
2024: €1.56M
2018 → 2025
Total assets
€1.70M▲ 8.1%
2024 · €1.58M
2018: €1.07M
2019: €1.22M
2020: €1.28M
2021: €1.30M
2022: €1.50M
2023: €1.46M
2024: €1.58M
2018 → 2025
Net result
€307k▲ 15.3%
2024 · €267k
2018: €162k
2019: €167k
2020: €161k
2021: €220k
2022: €417k
2023: €219k
2024: €267k
2018 → 2025
Working capital
€836k▲ 23.6%
2024 · €677k
2018: €564k
2019: €649k
2020: €612k
2021: €612k
2022: €403k
2023: €446k
2024: €677k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.03M-€1.23M▲ 20.0%€1.29M▲ 4.7%€1.56M▲ 20.6%€1.70M▲ 9.0%
Operating result€239k-€208k▼ 13.1%€274k▲ 31.6%€297k▲ 8.4%€315k▲ 6.2%
Net result€220k-€417k▲ 89.4%€219k▼ 47.4%€267k▲ 21.7%€307k▲ 15.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.70M
Fixed assets
€863k▼ 2.5%
Current assets
€842k▲ 21.7%
Equity and liabilities €1.70M
Equity
€1.70M▲ 9.0%
Debt
€5k▼ 68.7%
The debt ratio falls from 1.1% to 0.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€386k▲
2024 · €362k
Cash flow
€378k▲
2024 · €332k
Solvency
99.7%▲
2024 · 98.9%
Debt / equity
0.00▼
2024 · 0.01
ROE
18.1%▲
2024 · 17.1%
ROA
18.0%▲
2024 · 16.9%
Interest coverage
13867.45▲
2024 · 2316.36
Debt
€5k▼
2024 · €17k
Debt ≤ 1 year
€5k▼
2024 · €15k
Income taxes
€130k▲
2024 · €119k
A ratio outside any meaningful range has been withheld (balance sheet total €1.70M, equity €1.70M).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.58M€1.70M▲
Fixed assets21/28€885k€863k▼
Tangible fixed assets22/27€885k€863k▼
Land and buildings22€36k€42k▲
Furniture and vehicles24€9k€11k▲
Leasing and similar rights25€730k€701k▼
Other tangible fixed assets26€109k€108k▼
Current assets29/58€692k€842k▲
Amounts receivable within one year40/41€38k€11k▼
Trade receivables40€22k€7k▼
Other amounts receivable41€16k€4k▼
Current investments50/53€568k€612k▲
Cash at bank and in hand54/58€86k€218k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€1.58M€1.70M▲
Equity10/15€1.56M€1.70M▲
Contributions10/11€100k€100k=
Reserves13€1.46M€1.60M▲
Distributable reserves133€1.46M€1.60M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€17k€5k▼
Amounts payable within one year42/48€15k€5k▼
Trade debts44€1k€158▼
Suppliers440/4€1k€158▼
Taxes, remuneration and social security45€10k€5k▼
Taxes450/3€10k€5k▼
Other amounts payable47/48€4k€0▼
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€71k▲
Other operating charges640/8€10k€9k▼
Gross operating margin9900€372k€395k▲
Operating profit (loss)9901€297k€315k▲
Financial income75/76B€89k€123k▲
Recurring financial income75€2k€123k▲
Non-recurring financial income76B€87k€0▼
Financial charges65/66B€156€28▼
Recurring financial charges65€156€28▼
Profit (loss) for the period before taxes9903€386k€438k▲
Income taxes67/77€119k€130k▲
Profit (loss) for the period9904€267k€307k▲
Profit (loss) for the period to be appropriated9905€267k€307k▲
Appropriation of the result
Profit (loss) to be appropriated9906€267k€307k▲
Transfer from equity791/2€0€167k▲
Transfer to equity691/2€267k€307k▲
To other reserves6921€267k€307k▲
Profit to be distributed694/7€0€167k▲
Return on contributions (dividend)694€0€167k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 153.92
Current ratio from 45.95 to 153.92; short-term debt falls from €15k to €5k.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 13current ratio 45.95
Current ratio from 3.67 to 45.95; short-term debt falls from €167k to €15k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €417k ▲89.4%
Net result €417k, the highest in the series.
13-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €161k ▼4%
Net result drops to €161k, the lowest in the series; recovery starts the following year.
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2015
26-10
State Gazette act
Board meeting · Power of attorney
Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Maarkedal · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Fonteineweg 139681 MaarkedalGround area
1,230 m²
Building footprint
166 m²
Volume, LiDAR
927 m³
Parcel 45032C1067/00C000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELLMARO
since 20052.146.304.746
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45032C1067/00C000 | Flanders | 1,230 m² | 1 · 166 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 82,570 companies in sector 70200 we hold annual accounts for 52,574. 22,025 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formGeneral partnership
Founded12-04-2005
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0475/516600