ELLUGA
ActiveSummary
ELLUGA has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-21k) and a net result of €12k. Equity is shrinking by ~34.7% per year across the filed fiscal years. Its solvency ranks better than 8% of 18280 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.4; short-term debt: 244% and cash: 66.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
-144%
Return on assets
84.6%
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 8% of 18280 sector peers (2025).
NBB · sector comparisonPosition among 18280 sector peers
Solvency
better than 8%
← weakest
strongest →
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 07-07-2026, 24 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
24 d early
2024
21 d late
2023
16 d late
2022
7 d late
2021
31 d late
2020
26 d late
2019
27 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-21k▲ 37.0%
2024 · €-33k
2018: €20k
2019: €7k
2020: €-7k
2021: €-21k
2022: €-21k
2023: €-29k
2024: €-33k
2018 → 2025
Total assets
€15k▲ 304%
2024 · €4k
2018: €52k
2019: €63k
2020: €30k
2021: €12k
2022: €10k
2023: €6k
2024: €4k
2018 → 2025
Net result
€12k
2024 · €-4k
2018: €2k
2019: €-14k
2020: €-14k
2021: €-14k
2022: €-268
2023: €-8k
2024: €-4k
2018 → 2025
Working capital
€-21k▲ 36.0%
2024 · €-34k
2018: €25k
2019: €-6k
2020: €-20k
2021: €-25k
2022: €-24k
2023: €-31k
2024: €-34k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-21k-€-21k▼ 1.3%€-29k▼ 38.2%€-33k▼ 13.2%€-21k▲ 37.0%
Operating result€-14k-€-19▲ 99.9%€-8k▼ 40,116%€-4k▲ 50.2%€13k
Net result€-14k-€-268▲ 98.1%€-8k▼ 2,929%€-4k▲ 52.4%€12k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €13k after a loss of €4k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15k
Fixed assets
€500 ▲ 95.9%
Current assets
€14k ▲ 320%
Key figures and ratios
EBITDA
€13k▲
2024 · €-3k
Cash flow
€13k▲
2024 · €-3k
Solvency
-144.0%
Current ratio
0.40
Debt to equity
-1.69
ROA
84.6%
Interest coverage
46.24▲
2024 · -13.08
Debt
€35k▼
2024 · €37k
Debt ≤ 1 year
€35k▼
2024 · €37k
Income taxes
€0▲
2024 · €-200
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4k€15k▲
Fixed assets21/28€255€500▲
Intangible fixed assets21€76€0▼
Tangible fixed assets22/27€179€0▼
Furniture and vehicles24€179€0▼
Financial fixed assets28€0€500▲
Current assets29/58€3k€14k▲
Amounts receivable within one year40/41€3k€4k▲
Trade receivables40€3k€4k▲
Other amounts receivable41€297€39▼
Cash at bank and in hand54/58€143€10k▲
Deferred charges and accrued income490/1€381€345▼
Equity and liabilities
Total equity and liabilities10/49€4k€15k▲
Equity10/15€-33k€-21k▲
Contributions10/11€19k€19k=
Reserves13€126€126=
Non-distributable reserves130/1€126€126=
Reserves not available under the articles1311€126€126=
Profit (loss) carried forward14€-52k€-40k▲
Amounts payable17/49€37k€35k▼
Amounts payable within one year42/48€37k€35k▼
Trade debts44€533€563▲
Suppliers440/4€533€563▲
Taxes, remuneration and social security45€0€5k▲
Taxes450/3€0€4k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€36k€30k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€693€255▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€83
Other operating charges640/8€431€3k▲
Gross operating margin9900€-3k€16k▲
Operating profit (loss)9901€-4k€13k▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€239€278▲
Recurring financial charges65€239€278▲
Profit (loss) for the period before taxes9903€-4k€12k▲
Income taxes67/77€-200€0▲
Profit (loss) for the period9904€-4k€12k▲
Profit (loss) for the period to be appropriated9905€-4k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-52k€-40k▲
Profit (loss) brought forward from the previous period14P€-48k€-52k▼
The notes to these accounts (14 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €12k
Net result €12k after 6 loss-making years.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Wavre · 1 establishment unit since 2017
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.
Sentier du Buchet 21300 WavreGround area
207 m²
Building footprint
94 m²
Volume, LiDAR
544 m³
Parcel 25055A0150/00E000, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELLUGA
since 20172.265.807.954
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25055A0150/00E000 | Wallonia | 207 m² | 1 · 94 m² | 7.7 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.
Similar companies · same sector, comparable size
EXALTO BENELUX
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I - ENGINEERING
BE 0465.487.459
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SMARTPHONE FIX
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Of 3,226 companies in sector 47400 we hold annual accounts for 1,806. 751 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
46492Wholesale trade
47120Other non-specialised retail sale
47621Retail sale of newspapers and periodicals
70200Business and other management consultancy
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0488.580.217