ELLO PROJECTS
ActiveSummary
ELLO PROJECTS has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105,498 and a net result of €21,876. Equity has been growing by about 40% per year since 2023. Its solvency ranks better than 82% of 9,664 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 19-01-2023 Normal situation
- Activity
- Other business support services NACE 82990
- Establishment unit
- 2.340.831.516 9320 Aalst, since 19-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Gross margin
- €31,925
- ▼ 46.4%
- Turnover
- ≈ €79,000
- estimated
- Profit
- €21,876
- ▼ 52.1%
- Equity
- €105,498
- ▲ 26.2%
- Total assets
- €128,161
- ▲ 34.8%
Score breakdownlowers riskLiquidity: current ratio 5.28, cash €45,965Sector: Office administrative, office support and other business support activities (NACE 82)Equity €105,498 (82.3% of total assets)Figures for financial year 2025 (filed on 02-06-2026)Show the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 77% of micro companies in office administrative support (NACE 82)
Financial strength · tick: 2024
Strong
Solvency
100=
equity 82.3% of total assets
Liquidity
90-9
short-term debt 17.6% · cash 35.9%
Profitability
90-10
return on assets 17.1%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: 0.1%▲ +0.1 percentage points vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: < 0.1%▼ -0.1 percentage points vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: 0.1%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: < 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.28 (8.62 in 2024), above the usual 1.5. Short-term debt is 17.6% and cash 35.9% of total assets. 17.7% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 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 82, micro). It does better than 88% of them on solvency, 84% on liquidity, 65% on profitability and 70% on growth.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskneutral
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 29-05-2026, 63 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
63 days early
2024
45 days early
2023
56 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 55 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% 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 6 June (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-05-2026 PDF all 3 filings
Turnover
≈ €79,000
Estimated: probably between €49,000 and €110,000
Total assets
€128,161▲ 34.8%
2024 · €95,087
Net result
€21,876▼ 52.1%
2024 · €45,640
Working capital
€96,711▲ 20.5%
2024 · €80,236
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€29,388
▼ 49.5%
2025
20232025
Net result
€21,876
▼ 52.1%
2025
middle half of the sector
20232025
Equity
€105,498
▲ 26.2%
2025
middle half of the sector
20232025
Total assets
€128,161
▲ 34.8%
2025
middle half of the sector
20232025
Debt
€22,663
▲ 97.7%
2025
20232025
Working capital
€96,711
▲ 20.5%
2025
highest quarter of the sector
20232025
Solvency
82.3%
▼ 5.6pp
2025
highest quarter of the sector
20232025
Current ratio
5.28
▼ 3.34
2025
highest quarter of the sector
20232025
Return on assets (ROA)
17.1%
▼ 30.9pp
2025
middle half of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€45,939-€58,184▲ 26.7%€29,388▼ 49.5%
Net result€35,982within the sector's middle half-€45,640above the sector's middle half▲ 26.8%€21,876within the sector's middle half▼ 52.1%
Equity€37,982within the sector's middle half-€83,622within the sector's middle half▲ 120%€105,498within the sector's middle half▲ 26.2%
Total assets€50,792below the sector's middle half-€95,087within the sector's middle half▲ 87.2%€128,161within the sector's middle half▲ 34.8%
Debt€12,810-€11,465▼ 10.5%€22,663▲ 97.7%
Working capital€37,037within the sector's middle half-€80,236within the sector's middle half▲ 117%€96,711above the sector's middle half▲ 20.5%
Solvency74.8%above the sector's middle half-87.9%above the sector's middle half▲ 13.2pp82.3%above the sector's middle half▼ 5.6pp
Current ratio4.12above the sector's middle half-8.62above the sector's middle half▲ 4.505.28above the sector's middle half▼ 3.34
Return on assets (ROA)70.8%above the sector's middle half-48.0%above the sector's middle half▼ 22.8pp17.1%within the sector's middle half▼ 30.9pp
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 49% lower than in 2024 and the lowest since 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €128,161
Fixed assets
€8,855 ▲ 105%
Current assets
€119,307 ▲ 31.5%
Equity and liabilities €128,161
Equity
€105,498 ▲ 26.2%
Debt
€22,663 ▲ 97.7%
Debt's share of the balance-sheet total rises from 12.1% to 17.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31,284▼
2024 · €59,224
Cash flow
€23,772▼
2024 · €46,680
Debt to equity
0.21▲
2024 · 0.14
ROE
20.7%▼
2024 · 54.6%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€22,596▲
2024 · €10,524
Income taxes
€7,285▼
2024 · €12,386
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €2,230 | €3,483 | €6,423 |
| Depreciation and write-downs of the year | €346 | €1,040 | €1,895 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €346 | €1,040 | €1,895 | ▲ 82.2% |
| Other operating charges640/8 | €182 | €381 | €641 | ▲ 68.1% |
| Gross operating margin9900 | €46,466 | €59,606 | €31,925 | ▼ 46.4% |
| Operating profit (loss)9901 | €45,939 | €58,184 | €29,388 | ▼ 49.5% |
| Financial income75/76B | - | €3 | €14 | ▲ 401% |
| Recurring financial income75 | - | €3 | €14 | ▲ 401% |
| Financial charges65/66B | €8 | €162 | €241 | ▲ 48.8% |
| Recurring financial charges65 | €8 | €162 | €241 | ▲ 48.8% |
| Profit (loss) for the period before taxes9903 | €45,930 | €58,025 | €29,162 | ▼ 49.7% |
| Income taxes67/77 | €9,948 | €12,386 | €7,285 | ▼ 41.2% |
| Profit (loss) for the period9904 | €35,982 | €45,640 | €21,876 | ▼ 52.1% |
| Profit (loss) for the period to be appropriated9905 | €35,982 | €45,640 | €21,876 | ▼ 52.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €50,792 | €95,087 | €128,161 | ▲ 34.8% |
| Fixed assets21/28 | €1,884 | €4,327 | €8,855 | ▲ 105% |
| Tangible fixed assets22/27 | €1,884 | €4,327 | €8,855 | ▲ 105% |
| Furniture and vehicles24 | €1,884 | €3,360 | €2,063 | ▼ 38.6% |
| Other tangible fixed assets26 | - | €967 | €6,792 | ▲ 602% |
| Current assets29/58 | €48,908 | €90,760 | €119,307 | ▲ 31.5% |
| Amounts receivable within one year40/41 | €172 | €1,830 | €927 | ▼ 49.3% |
| Trade receivables40 | - | €1,043 | €0 | ▼ 100% |
| Other amounts receivable41 | €172 | €787 | €927 | ▲ 17.9% |
| Current investments50/53 | - | - | €70,000 | - |
| Cash at bank and in hand54/58 | €46,903 | €87,164 | €45,965 | ▼ 47.3% |
| Deferred charges and accrued income490/1 | €1,833 | €1,767 | €2,415 | ▲ 36.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €50,792 | €95,087 | €128,161 | ▲ 34.8% |
| Equity10/15 | €37,982 | €83,622 | €105,498 | ▲ 26.2% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €35,982 | €81,622 | €103,498 | ▲ 26.8% |
| Amounts payable17/49 | €12,810 | €11,465 | €22,663 | ▲ 97.7% |
| Amounts payable within one year42/48 | €11,871 | €10,524 | €22,596 | ▲ 115% |
| Trade debts44 | €1,316 | €1,588 | €4,789 | ▲ 201% |
| Suppliers440/4 | €1,316 | €1,588 | €4,789 | ▲ 201% |
| Taxes, remuneration and social security45 | €9,579 | €7,380 | €17,807 | ▲ 141% |
| Taxes450/3 | €9,579 | €7,380 | €17,807 | ▲ 141% |
| Other amounts payable47/48 | €977 | €1,556 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €939 | €941 | €67 | ▼ 92.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,982 | €45,640 | €21,876 | ▼ 52.1% |
| + Depreciation and write-downs630 | €346 | €1,040 | €1,895 | ▲ 82.2% |
| Operating cash flow (approximation) | €36,328 | €46,680 | €23,772 | ▼ 49.1% |
| Investment in fixed assets (approximation) | - | -€3,483 | -€6,423 | ▼ 84.4% |
| Change in cash | - | €40,261 | -€41,199 | - |
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, 39,278 companies had the same profile as ELLO PROJECTS has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.3%
stopped otherwise
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ELLO PROJECTS itself is lower: < 0.1% within 12 months. It rests on far more data about ELLO PROJECTS than the profile alone.
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 39,278 companies, not a prediction for ELLO PROJECTS. 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.
Board & ownership
Directors
Directors
1 director, no change since 2023
VAN RANSBEECK Pieter
Current
Enige niet statutair bestuurder · current term since 19-03-2023 · term without a fixed end · listed in the 2025 annual accounts, filed on 29-05-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“De algemene vergadering die de bestuurder(s) benoemt bepaalt hun aantal, de duur van hun opdracht en, indien er meerdere bestuurders zijn…”
deed of 23-01-2023Owners and capital
Shareholders
At incorporation
act of 23-01-2023 ↗
- VAN RANSBEECK Pieter founder
- MATTHYS Lien Madeleine founder
Capital transactions
Capital over time
- 23-01-2023 Incorporation · €2,000 · 100 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, 1”
Articles of association, deed of 23-01-2023 (in Dutch)
Network & group
ELLO PROJECTS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of ELLO PROJECTS. Every other company they run is a node.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
29-05
micro format · 63 days before the deadline
2025
31-12
Financial
Weakest financial yearnet €21,876 ▼52.1%
The net result drops to €21,876, the lowest from 2023 to 2025.
31-12
Financial
Equity above €100,000equity €105,498 ▲26.2%
With a profit in every financial year since 2023, equity grows to €105,498.
16-06
micro format · 45 days before the deadline
2024
31-12
Financial
Highest result from 2023 to 2025net €45,640 ▲26.8%
The operating result of €58,184 and the net result of €45,640 are both a record.
31-12
Financial
Liquidity more than doubledcurrent ratio 8.62
The current ratio rises from 4.12 to 8.62. Short-term debt falls from €11,871 to €10,524.
05-06
micro format · 56 days before the deadline
2023
23-01
Gazette deed
IncorporationStarting capital €2,000 · Appointment: VAN RANSBEECK Pieter (enige niet statutair bestuurder) · Founder9 points ▸
Gazette deed
Incorporation
Starting capital €2,000 · Appointment: VAN RANSBEECK Pieter (enige niet statutair bestuurder) · Founder9 points ▸
- Founder, VAN RANSBEECK Pieter
- Founder, MATTHYS Lien Madeleine
- Incorporation, “ELLO PROJECTS” (deed in Dutch)
- Founding capital, €2,000
- Bank account, 12-01-2023
- Other provision, “bevestiging deponering, deponering overeenkomstig Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Other provision, “beschikking fondsen”, 2000 (deed in Dutch)
- Director appointment, VAN RANSBEECK Pieter (enige niet statutair bestuurder)
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en alle activiteiten in naam en voor rekening vennootschap in oprichting” (deed in Dutch)
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
ELLO PROJECTS in Dutch
Enterprise number
0797.376.919
Legal form
Private limited company
Status
Active, normale toestand
Founded
19-01-2023
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 23-01-2023 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
Registered office and establishments
Registered office
Heuvel 47, 9320 Aalst, Belgium
Establishment unit
ELLO PROJECTS, Heuvel 47, 9320 Aalst since 19-01-2023 · unit number 2.340.831.516
Activities
NACEBEL 202582990
Other business support services main activity
Codes under NACEBEL 2008
82990
Other business support services main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 23-01-2023 (in Dutch)
“Alle mogelijke advies- en/of dienstenfuncties in de bouwsector voornamelijk op het vlak van projectmanagement…”
11 activities
- Alle mogelijke advies- en/of dienstenfuncties in de bouwsector voornamelijk op het vlak van projectmanagement;
- Consultancy,opleiding,technische expertise en bijstand op voornoemd gebied;
- De studie en de uitvoering van alle mogelijke particuliere en openbare bouwwerken als algemene aannemer of in onderaanneming,het ontwerp en de bouw van alle mogelijke gebouwen en bouwsels en de studie en de uitvoering van binnen en buitendecoraties;
- Het uitvoeren en/of coördineren van algemene aannemingen,het bouwen en verbouwen,het onderhoud,de uitrusting,de inrichting,de versiering,de omvorming,de hernieuwing,de expertises en het reinigen en / of herstellen van alle onroerende goederen;
- De aan- en verkoop van alle roerende en onroerende goederen (zowel onbebouwde als bebouwde) van alle aard; de bemiddeling bij dergelijke operaties en bij onroerend goed projecten,promotiecampagnes,en de verkoop van onroerend goed projecten in opdracht van derden; het verkavelen,uitrusten en tot waarde brengen van alle onroerende goederen voor eigen rekening en voor rekening van derden; het verrichten van alle studies,het opmaken van alle ontwerpen,ook voor rekening van derden en het verlenen van alle adviezen in verband met bovengemelde activiteiten,het in eigendom behouden en uitbaten van alle onroerende goederen,zowel onbebouwde als gebouwen,alsook de handel in eigen onroerend goed; het verhuren,huren,onderverhuren,onderhuren of terbeschikkingstelling,beheren voor eigen rekening of voor rekening van derden van alle onroerende goederen,al dan niet via onroerende leasing of financieringshuur,en in het algemeen alle verrichtingen die verband houden met de immobiliënsector,al dan niet onder het statuut van beroepsoprichter;
- De uitbating,het beheer en de inrichting van drankgelegenheden,verbruikssalons,cafés,tavernes,clubs,bars,tearooms,restaurants,hotels,traiteur- en cateringdiensten,alsook het inrichten van banketten,feestelijkheden en de verhuring van feestzalen,de bereiding en de handel,import en export van alle mogelijke koude en warme gerechten,dranken,gebak en confiserie,vlees- en viswaren en ijs en alle aanverwante artikelen;
- Advies- en/of dienstverlening aan bedrijven,privépersonen en instellingen in de ruimste zin van het woord,voornamelijk doch niet uitsluitend op het vlak van,management,marketing,productie en ontwikkeling,processing en het besturen van vennootschappen,dit alles in de meest ruime betekenis;
- Het geven van advies inzake de organisatie en het beheer van ondernemingen;
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur en verhuur,de ruil,de verkaveling,en in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten,met inbegrip van het geheel of gedeeltelijk ter beschikking stellen,al dan niet tegen betaling,van een onroerend goed aan haar bestuurders,bedrijfsleiders en werknemers in het kader van een verloningspolitiek;
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;
- Alle activiteiten van verpleegkundigen,al dan niet in dienstverband of op zelfstandige basis,het verstrekken van verpleegkundige zorgen zowel aan patiënten in ziekenhuizen,verzorgingstehuizen en andere zorginstellingen als ten huize van de patiënt.
Invoicing and payment
VAT number
BE 0797.376.919
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. Hij kan bijzondere machten…”
deed of 23-01-2023 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
611 m²
Building footprint
131 m²
Building volume
488 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41014A0098/00R000 | Flanders | 611 m² | 1 · 131 m² | 9.8 m · 1 |