ELM - CONSULT
ActiveSummary
ELM - CONSULT has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €524k and a net result of €10k. Equity is growing by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 19% of 1937 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability31▼-17
Solvency39=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.91 against 0.68 in 2023; short-term debt: 17.1% and cash: 1.4% of total assets), and 86.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 1937 sector peers (2024).
NBB · sector comparisonPosition among 1937 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
31 d late
2022
on the day
2021
31 d late
2020
1 d early
2019
5 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€524k▼ 0.3%
2023 · €526k
2018: €164k
2019: €160k
2020: €195k
2021: €274k
2022: €392k
2023: €526k
2018 → 2024
Total assets
€3.78M▲ 3.0%
2023 · €3.67M
2018: €3.27M
2019: €3.41M
2020: €3.50M
2021: €3.51M
2022: €3.75M
2023: €3.67M
2018 → 2024
Net result
€10k▼ 92.7%
2023 · €134k
2018: €21k
2019: €11k
2020: €61k
2021: €109k
2022: €125k
2023: €134k
2018 → 2024
Working capital
€-59k▲ 72.8%
2023 · €-218k
2018: €-7k
2019: €-114k
2020: €-116k
2021: €-557k
2022: €-499k
2023: €-218k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€195k-€274k▲ 40.7%€392k▲ 42.7%€526k▲ 34.3%€524k▼ 0.3%
Operating result€48k-€66k▲ 38.2%€46k▼ 30.6%€22k▼ 52.4%€20k▼ 8.8%
Net result€61k-€109k▲ 80.2%€125k▲ 14.4%€134k▲ 7.3%€10k▼ 92.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 9% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.78M
Fixed assets
€3.20M ▼ 0.6%
Current assets
€587k ▲ 28.5%
Equity and liabilities €3.78M
Equity
€524k ▼ 0.3%
Provisions
€20k ▼ 8.9%
Debt
€3.24M ▲ 3.6%
Debt's share of the balance-sheet total rises from 85.1% to 85.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€63k▼
2023 · €64k
Cash flow
€53k▼
2023 · €176k
Current ratio
0.91▲
2023 · 0.68
Debt to equity
6.18▲
2023 · 5.94
ROE
1.9%▼
2023 · 25.5%
ROA
0.3%▼
2023 · 3.7%
Interest coverage
1.48▼
2023 · 2.96
Debt ≤ 1 year
€647k▼
2023 · €675k
Debt > 1 year
€2.59M▲
2023 · €2.45M
Income taxes
€3k▼
2023 · €5k
Staff costs
€45k▲
2023 · €36k
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 · 2024 against 2023 · 67 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.67M€3.78M▲
Fixed assets21/28€3.22M€3.20M▼
Tangible fixed assets22/27€562k€542k▼
Land and buildings22€503k€485k▼
Plant, machinery and equipment23€14k€14k=
Furniture and vehicles24€45k€43k▼
Financial fixed assets28€2.65M€2.65M=
Current assets29/58€457k€587k▲
Amounts receivable after more than one year29€90k€160k▲
Other amounts receivable291€90k€160k▲
Amounts receivable within one year40/41€125k€71k▼
Trade receivables40€46k€29k▼
Other amounts receivable41€79k€42k▼
Current investments50/53€150k€303k▲
Cash at bank and in hand54/58€92k€52k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€3.67M€3.78M▲
Equity10/15€526k€524k▼
Contributions10/11€89k€89k=
Capital10€89k€89k=
Issued capital100€93k€93k=
Uncalled capital101€4k€4k=
Reserves13€54k€51k▼
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Tax-exempt reserves132€41k€39k▼
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€383k€384k▲
Provisions and deferred taxes16€22k€20k▼
Provisions for liabilities and charges160/5€1k€705▼
Environmental obligations163€1k€705▼
Deferred taxes168€20k€19k▼
Amounts payable17/49€3.12M€3.24M▲
Amounts payable after more than one year17€2.45M€2.59M▲
Financial debts170/4€2.45M€2.59M▲
Amounts payable within one year42/48€675k€647k▼
Current portion of amounts payable after more than one year42€57k€59k▲
Trade debts44€20k€23k▲
Suppliers440/4€20k€23k▲
Taxes, remuneration and social security45€21k€25k▲
Taxes450/3€14k€17k▲
Remuneration and social security454/9€7k€8k▲
Other amounts payable47/48€577k€540k▼
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€36k€45k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€43k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-705€-705=
Other operating charges640/8€7k€7k▼
Gross operating margin9900€107k€114k▲
Operating profit (loss)9901€22k€20k▼
Financial income75/76B€138k€35k▼
Recurring financial income75€138k€35k▼
Financial charges65/66B€22k€43k▲
Recurring financial charges65€22k€43k▲
Profit (loss) for the period before taxes9903€138k€12k▼
Transfer from deferred taxes780€1k€1k=
Income taxes67/77€5k€3k▼
Profit (loss) for the period9904€134k€10k▼
Transfer from tax-exempt reserves789€3k€3k=
Profit (loss) for the period to be appropriated9905€137k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€383k€395k▲
Profit (loss) brought forward from the previous period14P€246k€383k▲
Transfer to equity691/2€0-
To the legal reserve6920€0-
Profit to be distributed694/7€0€12k▲
Employees696€0€12k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €10k ▼92.7%
Net result drops to €10k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-12
Financial
Highest result since 2018net €134k ▲7.3%
Net result €134k, the highest in the series.
31-12
Financial
Equity above €500kEq €526k ▲34.3%
6 profitable years in a row build equity to €526k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Equity above €200kEq €274k ▲40.7%
4 profitable years in a row build equity to €274k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
09-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Dendermonde · 1 establishment unit since 1992
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.
Cyriel De Baerestraat(BAA) 149200 DendermondeGround area
1,029 m²
Building footprint
149 m²
Volume, LiDAR
849 m³
Parcel 42002B0267/00H000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cyriel De Baerestraat(BAA) 14, 9200 Dendermonde
since 19922.056.385.449
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42002B0267/00H000 | Flanders | 1,029 m² | 1 · 149 m² | 8.4 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 495 EUR awarded · 495 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 495 EUR | 495 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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L.V.R. CONSEILS
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MAGECON
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Contrarian
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ARCAD
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Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 4,354 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 formPublic limited company
Founded18-02-1992
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.