ELM
ActiveThe computed 12-month bankruptcy probability of ELM is 3.8% (moderate). The 2025 annual accounts show negative equity (€-562) and a net result of €3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 13240 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▼-47
Solvency25▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.23 against 1.14 in 2024; short-term debt: 80.4% and cash: 34% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
-0.4%
Return on assets
2.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
31 d late
2022
31 d late
2021
30 d late
2020
30 d late
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-562▲ 85.3%
2024 · €-4k
2020: €11k
2021: €15k
2022: €404
2023: €-18k
2024: €-4k
2020 → 2025
Total assets
€126k▼ 3.8%
2024 · €131k
2020: €22k
2021: €35k
2022: €7k
2023: €7k
2024: €131k
2020 → 2025
Net result
€3k▼ 76.4%
2024 · €14k
2020: €1k
2021: €4k
2022: €-15k
2023: €-18k
2024: €14k
2020 → 2025
Working capital
€23k▲ 43.0%
2024 · €16k
2020: €12k
2021: €15k
2022: €-500
2023: €-19k
2024: €16k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€15k-€404▼ 97.4%€-18k€-4k▲ 78.3%€-562▲ 85.3%
Operating result€6k-€-15k€-16k▼ 8.6%€16k€8k▼ 50.3%
Net result€4k-€-15k€-18k▼ 20.3%€14k€3k▼ 76.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 50% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €126k
Fixed assets
€2k▼ 26.9%
Current assets
€124k▼ 3.3%
Key figures and ratios
EBITDA
€9k▼
2024 · €17k
Cash flow
€4k▼
2024 · €14k
Solvency
-0.4%▲
2024 · -2.9%
Current ratio
1.23▲
2024 · 1.14
Quick ratio
1.01▲
2024 · 1.00
ROA
2.6%▼
2024 · 10.6%
Interest coverage
1.58▼
2024 · 6.96
Debt
€126k▼
2024 · €134k
Debt ≤ 1 year
€101k▼
2024 · €112k
Debt > 1 year
€22k=
2024 · €22k
Staff costs
€298k▲
2024 · €260k
Equity ratios withheld: equity of €-562 is too small for a meaningful ratio.
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€131k€126k▼
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€1k€649▼
Plant, machinery and equipment23€392€135▼
Furniture and vehicles24€882€514▼
Financial fixed assets28€1k€1k=
Current assets29/58€128k€124k▼
Stocks and contracts in progress3€16k€22k▲
Stocks30/36€16k€22k▲
Amounts receivable within one year40/41€80k€59k▼
Trade receivables40€78k€29k▼
Other amounts receivable41€2k€30k▲
Cash at bank and in hand54/58€32k€43k▲
Equity and liabilities
Total equity and liabilities10/49€131k€126k▼
Equity10/15€-4k€-562▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€-14k€-11k▲
Amounts payable17/49€134k€126k▼
Amounts payable after more than one year17€22k€22k=
Financial debts170/4€22k€22k=
Amounts payable within one year42/48€112k€101k▼
Trade debts44€83k€75k▼
Suppliers440/4€83k€75k▼
Advances received on contracts in progress46€7k€0▼
Taxes, remuneration and social security45€22k€21k▼
Taxes450/3€4k€4k=
Remuneration and social security454/9€18k€17k▼
Other amounts payable47/48€47€5k▲
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Remuneration, social security and pensions62€260k€298k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€479€625▲
Other operating charges640/8€1k€766▼
Gross operating margin9900€278k€307k▲
Operating profit (loss)9901€16k€8k▼
Financial income75/76B€52€707▲
Recurring financial income75€52€707▲
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€14k€3k▼
Profit (loss) for the period9904€14k€3k▼
Profit (loss) for the period to be appropriated9905€14k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-11k▲
Profit (loss) brought forward from the previous period14P€-28k€-14k▲
The notes to these accounts (12 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
31-12
Financial
Liquidity times 5current ratio 1.14
Current ratio from 0.22 to 1.14.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · 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
3 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, Antwerpen · 1 establishment unit since 2019
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.
Mechelsesteenweg 12018 AntwerpenGround area
222 m²
Building footprint
221 m²
Volume, LiDAR
4,338 m³
Parcel 11810K2743/00Y002, Flanders · tallest building 23.5 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
ELM
since 20192.290.430.514
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K2743/00Y002 | Flanders | 222 m² | 1 · 221 m² | 23.5 m · 7 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.290.430.514
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,783. 857 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-05-2019
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.