Equity
ELLPHI DEVELOPMENT has made a profit without a break since 2016.
In July 2024, 31,386 companies had the same profile as ELLPHI DEVELOPMENT has now. Each dot stands for 79 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 31,386 companies, not a prediction for ELLPHI 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.
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.
| Company | ||||
|---|---|---|---|---|
| ELLPHI DEVELOPMENT Meise | €72,978 | €18,118 | 65.1% | - |
| ENNAHDA Opwijk | €134,332 | €18,971 | 1.4% | - |
| MARBEL SAUZEN & SALADES Antwerp | €100,213 | €18,255 | 13.9% | - |
| NUTRI-SPORT Wommelgem | €52,279 | €23,418 | 90.6% | - |
| Bouillon Herkules Ghent | €74,058 | €11,697 | -2.1% | - |
| NATUUR Beringen | €90,487 | €18,396 | -15.9% | - |
| EMILE Fernelmont | €42,609 | €17,907 | 5.4% | - |
These companies have the same main activity as ELLPHI DEVELOPMENT: wholesale of other food products (NACE 46389). They are comparable in size and age: total assets between €42,600 and €134,000, founded between 2002 and 2009.
ELLPHI DEVELOPMENT files the micro format. That format states no turnover. The gross margin fell from €29,176 in 2007 to €18,118 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €300,000. Estimated: probably between €140,000 and €490,000.
Higher than 70% of 15,428 companies in 2025.
Higher than 69% of 14,692 companies in 2025.
Higher than 84% of 14,921 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 20129 months | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
72,978 | 35,105 | 28,738 | 33,782 | 21,186 | 17,119 | 27,026 | 24,811 | 38,964 | 46,036 | 53,865 | 70,426 | 89,429 | 136,688 | 258,592 | 279,746 | 287,558 | 295,697 | 305,427 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 23 | 296 | 26,998 | |
21/28 |
- | - | 0 | 221 | - | - | - | 3,714 | 15,463 | 28,870 | 42,278 | 56,313 | 70,348 | 66,964 | 258,592 | 269,973 | 281,377 | 293,031 | 304,686 | |
21 |
- | - | - | - | - | - | - | 3,714 | 15,463 | 28,870 | 42,278 | 55,685 | 69,093 | 66,964 | - | - | - | - | - | |
22/27 |
- | - | - | - | - | - | - | - | - | 0 | 0 | 628 | 1,256 | - | 258,592 | 269,973 | 281,354 | 292,735 | 277,688 | |
22 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 258,592 | 269,973 | 281,354 | 292,735 | 277,688 | |
24 |
- | - | - | - | - | - | - | - | - | 0 | 0 | 628 | 1,256 | - | - | - | - | - | - | |
28 |
- | - | 0 | 221 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
72,978 | 35,105 | 28,738 | 33,561 | 21,186 | 17,119 | 27,026 | 21,098 | 23,501 | 17,166 | 11,587 | 14,113 | 19,081 | 69,724 | - | 9,773 | 6,181 | 2,666 | 741 | |
40/41 |
55,673 | 10,785 | 10,634 | 31,075 | 13,237 | 7,531 | 20,371 | 11,158 | 13,111 | 11,898 | 9,128 | 9,668 | 17,729 | 34,846 | - | - | - | - | - | |
40 |
55,296 | 9,800 | 10,634 | 31,075 | 13,237 | 7,531 | 20,371 | 11,158 | 12,901 | 8,191 | 2,360 | 3,251 | 11,646 | - | - | - | - | - | - | |
41 |
377 | 985 | - | - | - | - | - | - | 210 | 3,707 | 6,768 | 6,417 | 6,083 | 34,846 | - | - | - | - | - | |
54/58 |
17,305 | 24,003 | 18,104 | 2,294 | 7,949 | 9,588 | 6,655 | 9,940 | 10,390 | 5,267 | 2,459 | 4,445 | 1,177 | 34,878 | - | - | - | 125 | - | |
490/1 |
0 | 317 | 0 | 192 | - | - | - | - | - | - | - | 0 | 175 | - | - | 9,773 | 6,181 | 2,541 | 741 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
72,978 | 35,105 | 28,738 | 33,782 | 21,186 | 17,119 | 27,026 | 24,811 | 38,964 | 46,036 | 53,865 | 70,426 | 89,429 | 136,688 | 258,592 | 279,746 | 287,558 | 295,697 | 305,427 | |
10/15 |
47,496 | 32,527 | 26,339 | 16,679 | 8,939 | -9,275 | -26,436 | -39,085 | -45,473 | -50,667 | -55,661 | -49,361 | -23,776 | 37,628 | 18,080 | 22,099 | 18,551 | 25,705 | 21,931 | |
10/11 |
25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | |
100 |
- | - | - | - | - | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | |
13 |
15,700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 70 | 70 | 70 | 70 | - | |
130/1 |
- | 0 | 700 | 700 | 700 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 70 | 70 | 70 | 70 | - | |
1311 |
- | 0 | 700 | 700 | 700 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
15,700 | 700 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
6,796 | 6,827 | 639 | -9,022 | -16,761 | -34,975 | -52,136 | -64,785 | -71,173 | -76,367 | -81,361 | -75,061 | -49,476 | 11,928 | -6,990 | -2,971 | -6,519 | 635 | -3,069 | |
16 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 11,000 | 11,000 | 12,000 | 3,500 | - | |
160/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 11,000 | 11,000 | 12,000 | 3,500 | - | |
17/49 |
25,482 | 2,578 | 2,399 | 17,104 | 12,247 | 26,394 | 53,462 | 63,896 | 84,437 | 96,703 | 109,526 | 119,787 | 113,205 | 99,059 | 229,512 | 246,647 | 257,007 | 266,492 | 283,496 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 163,302 | 181,218 | 198,116 | 213,949 | 229,861 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 163,302 | 181,218 | 198,116 | 213,949 | 229,861 | |
42/48 |
25,482 | 2,578 | 2,399 | 17,104 | 12,247 | 26,394 | 53,462 | 63,896 | 84,437 | 96,703 | 109,526 | 119,787 | 112,986 | 99,059 | 66,210 | 59,644 | 55,176 | 52,543 | 49,282 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 21,961 | 19,577 | 16,543 | 15,912 | 15,102 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | 0 | 17 | - | 249 | - | - | - | - | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | 0 | 17 | - | 249 | - | - | - | - | |
44 |
9,190 | 2,578 | 1,046 | 4,131 | 711 | 711 | 300 | 336 | 5,054 | 703 | 726 | 21,444 | 24,588 | 94,359 | 4,050 | 4,657 | 3,223 | 1,559 | 1,781 | |
440/4 |
9,190 | 2,578 | 1,046 | 4,131 | 711 | 711 | 300 | 336 | 5,054 | 703 | 726 | 21,444 | 24,588 | 94,359 | 4,050 | 4,657 | 3,223 | 1,559 | 1,781 | |
45 |
11,293 | 0 | 1,353 | 12,973 | 1,536 | 684 | 3,162 | 1,561 | 382 | 0 | 0 | 0 | 2,741 | 4,700 | - | - | - | - | - | |
450/3 |
11,293 | 0 | 1,353 | 5,464 | 1,536 | 684 | 3,162 | 1,561 | 382 | 0 | 0 | 0 | - | 4,700 | - | - | - | - | - | |
454/9 |
- | - | 0 | 7,509 | - | - | - | - | - | - | - | 0 | 2,741 | - | - | - | - | - | - | |
47/48 |
5,000 | - | - | 0 | 10,000 | 25,000 | 50,000 | 62,000 | 79,000 | 96,000 | 108,800 | 98,344 | 85,640 | - | 39,950 | 35,410 | 35,410 | 35,072 | 32,399 | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | 0 | 219 | - | - | 5,785 | 3,715 | - | 4,353 | |
| Income statement | ||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | 8,945 | - | - | - | - | - | - | 39,000 | 30,000 | |
76A |
- | - | - | - | - | - | - | - | - | 333 | 4,489 | - | 0 | 91,408 | 1,968 | - | - | - | - | |
9900 |
18,118 | 6,820 | 11,421 | 48,164 | 18,604 | 17,532 | 16,730 | 18,506 | 20,071 | 18,417 | 3,974 | 7,709 | -7,855 | -42,211 | 17,831 | 26,426 | 27,421 | 34,295 | 29,176 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | 4,971 | - | - | - | - | - | - | 4,705 | 2,293 | |
62 |
- | 0 | 1,288 | 39,955 | - | - | - | - | - | - | - | 18,719 | 38,859 | - | - | - | - | - | - | |
630 |
- | - | - | - | - | - | 3,714 | 11,749 | 13,407 | 13,407 | 14,035 | 14,035 | 14,035 | 8,036 | 11,381 | 11,404 | 11,654 | 11,654 | 11,654 | |
631/4 |
- | - | - | - | 0 | -1,210 | - | - | 1,000 | - | - | - | - | - | - | - | - | - | - | |
635/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | -11,000 | - | -1,000 | 8,500 | 3,500 | - | |
640/8 |
483 | 501 | 428 | 428 | 348 | 1,558 | 348 | 348 | 348 | 348 | 348 | 437 | 89 | 2,620 | 1,209 | 1,494 | 1,273 | 1,209 | 1,182 | |
66A |
- | - | - | - | - | - | - | - | - | 1 | 355 | - | - | - | - | - | - | - | - | |
9901 |
17,635 | 6,319 | 9,705 | 7,782 | 18,256 | 17,184 | 12,669 | 6,409 | 5,316 | 4,662 | -10,408 | -25,482 | -60,838 | -41,866 | 5,241 | 14,528 | 5,994 | 17,932 | 16,340 | |
75/76B |
- | - | - | - | - | - | - | - | - | - | 0 | 1 | 32 | 670 | 4 | - | - | - | - | |
75 |
- | - | - | - | - | - | - | - | - | - | 0 | 1 | 32 | 670 | 4 | - | - | - | - | |
65/66B |
39 | 131 | 45 | 42 | 42 | 23 | 21 | 21 | 122 | - | 26 | 104 | 827 | 25,963 | 11,232 | 10,980 | 13,148 | 14,158 | 15,987 | |
65 |
39 | 131 | 45 | 42 | 42 | 23 | 21 | 21 | 122 | - | 26 | 104 | 827 | 25,963 | 11,232 | 10,980 | 13,148 | 14,158 | 15,987 | |
66B |
0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
17,596 | 6,188 | 9,660 | 7,740 | 18,214 | 17,161 | 12,648 | 6,388 | 5,194 | 4,994 | -6,300 | -25,585 | -61,633 | 24,248 | -4,019 | 3,548 | -7,154 | 3,774 | 353 | |
67/77 |
2,627 | - | - | - | - | - | - | - | - | - | 0 | 0 | -229 | 4,700 | - | - | - | - | - | |
9904 |
14,969 | 6,188 | 9,660 | 7,740 | 18,214 | 17,161 | 12,648 | 6,388 | 5,194 | 4,994 | -6,300 | -25,585 | -61,404 | 19,548 | -4,019 | 3,548 | -7,154 | 3,774 | 353 | |
9905 |
14,969 | 6,188 | 9,660 | 7,740 | 18,214 | 17,161 | 12,648 | 6,388 | 5,194 | 4,994 | -6,300 | -25,585 | -61,404 | 19,548 | -4,019 | 3,548 | -7,154 | 3,774 | 353 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
21,796 | 6,827 | 639 | -9,022 | -16,761 | -34,975 | -52,136 | -64,785 | -71,173 | -76,367 | -81,361 | -75,061 | -49,476 | 12,558 | -6,990 | -2,971 | -6,519 | 705 | -3,069 | |
14P |
6,827 | 639 | -9,022 | -16,761 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
15,000 | - | - | - | - | - | - | - | - | - | - | - | - | 630 | - | - | - | 70 | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 630 | - | - | - | 70 | - | |
6921 |
15,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
- | - | 0.7 | 0.7 | - | - | - | - | - | - | - | 0.5 | 1 | - | - | - | - | - | - | |
Hours worked1013 |
- | - | 155 | 1,162 | - | - | - | - | - | - | - | 821 | 1,748 | - | - | - | - | - | - | |
| Document | ||||||||||||||||||||
The accounts for 2 older financial years (2005-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 28-01-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 28-01-2026 | 2026-00030514 | |
| 30-06-2024 | micro format | 27-01-2025 | 2025-00012638 | |
| 30-06-2023 | micro format | 29-01-2024 | 2024-00023414 | |
| 30-06-2022 | micro format | 05-12-2022 | 2022-20532956 | |
| 30-06-2021 | micro format | 23-12-2021 | 2021-81700383 | |
| 30-06-2020 | micro format | 25-01-2021 | 2021-01700108 | |
| 30-06-2019 | micro format | 20-01-2020 | 2020-01700344 | |
| 30-06-2018 | micro format | 28-01-2019 | 2019-02900206 | |
| 30-06-2017 | micro format | 01-02-2018 | 2018-04300063 | |
| 30-06-2016 | full format | 31-01-2017 | 2017-03500012 | |
| 30-06-2015 | full format | 07-01-2016 | 2016-00800020 | |
| 30-06-2014 | full format | 02-02-2015 | 2015-03600003 | |
| 30-06-2013 | full format | 11-02-2014 | 2014-03300471 | |
| 30-06-2012 | full format | 30-01-2013 | 2013-02100326 | |
| 30-09-2011 | full format | 27-04-2012 | 2012-10000554 | |
| 30-09-2010 | full format | 29-04-2011 | 2011-09700021 | |
| 30-09-2009 | full format | 04-10-2010 | 2010-56900592 | |
| 30-09-2008 | full format | 31-03-2009 | 2009-09900054 | |
| 30-09-2007 | full format | 19-03-2008 | 2008-07500137 | |
| 30-09-2006 | full format | 29-03-2007 | 2007-10404601 | |
| 30-09-2005 | full format | 14-03-2006 | 2006-07100422 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 20129 months | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | 16,383 | 18,159 | 18,724 | 18,070 | 3,627 | -11,447 | -46,803 | -33,831 | 16,622 | 25,932 | 17,648 | 29,586 | 27,994 | ||
| - | - | - | - | - | - | 16,362 | 18,138 | 18,602 | 18,401 | 7,735 | -11,550 | -47,369 | 27,584 | 7,362 | 14,952 | 4,500 | 15,428 | 12,007 | ||
| - | - | - | 221 | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 17,419 | 75,000 | 0 | 0 | 0 | -1 | - | ||
| -6,698 | 5,900 | 15,810 | -5,655 | -1,639 | 2,933 | -3,285 | -450 | 5,122 | 2,808 | -1,986 | 3,269 | -33,701 | - | - | - | - | - | - | ||
| 47,496 | 32,527 | 26,339 | 16,457 | 8,939 | -9,275 | -26,436 | -42,798 | -60,936 | -79,537 | -97,939 | -105,674 | -93,905 | -29,336 | - | -49,871 | -48,995 | -49,877 | -48,541 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 46.0% | 54.5% | ||
| 65.1% | 92.7% | 91.7% | 49.4% | 42.2% | -54.2% | -97.8% | -157.5% | -116.7% | -110.1% | -103.3% | -70.1% | -26.6% | 27.5% | 7.0% | 7.9% | 6.5% | 8.7% | 7.2% | ||
| 2.86 | 13.62 | 11.98 | 1.96 | 1.73 | 0.65 | 0.51 | 0.33 | 0.28 | 0.18 | 0.11 | 0.12 | 0.17 | 0.70 | - | 0.16 | 0.11 | 0.05 | 0.02 | ||
| 0.54 | 0.08 | 0.09 | 1.03 | 1.37 | - | - | - | - | - | - | - | - | 2.63 | 12.69 | 11.16 | 13.85 | 10.37 | 12.93 | ||
| 31.5% | 19.0% | 36.7% | 46.4% | 203.8% | - | - | - | - | - | - | - | - | 52.0% | -22.2% | 16.1% | -38.6% | 14.7% | 1.6% | ||
| 20.5% | 17.6% | 33.6% | 22.9% | 86.0% | 100.2% | 46.8% | 25.7% | 13.3% | 10.8% | -11.7% | -36.3% | -68.7% | 14.3% | -1.6% | 1.3% | -2.5% | 1.3% | 0.1% | ||
| - | - | - | - | - | - | - | - | - | - | 96 days | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | 53 days | - | - | - | - | - | - | 121 days | 283 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2023 | 30-06-2022 |
|---|---|---|
| Employees at the balance-sheet date | - | 1 |
| full-time | - | 1 |
| part-time | - | 0 |
| in full-time equivalents | - | 1 |
| 0.7 | 0.7 | |
| On a permanent contract | - | 1 |
| Joined | 0 | 1 |
| Left | 1 | 0 |
Source: social balance sheet in the 2022 to 2023 annual accounts
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Financial fixed assets | - | - | - | €221 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 179% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 7.3% to 34.9%. Equity and debt are higher.
ELLPHI DEVELOPMENT has no parent and no holdings in its annual accounts. is the only director. ELLPHI DEVELOPMENT shares no director with another company.
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Pollareveld 15 registered office 1861 Meise 10520 Manufacture of food products | 11-05-2004 | 2.137.408.262 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23093B0470/00R000 | 613 m² | 1 · 109 m² | 8.7 m · 2 |
If something looks wrong or is missing, please tell us.