Result
-€162,095 -€162,095
From profit to loss in 2025, after a profit of €9,786 in 2024.
ELM - CONSULT
Lifetime
20 annual accounts with figures on one time axis, 33 filings since 1993peak €332,106 (2010)
€48,324▼ 57.8%
lowest -€162,095 (2025)
-€162,095▼ €171,881
peak €525,931 (2023)
€362,122▼ 30.9%
€3.1m▼ 3.1%
peak 1.5 FTE (2007)
1 FTEunchanged
Board3 names since 1997
2 directorsAndries Busschaert and 1 other
Documentsfilings and deeds
30-09-202661 days late
2025financial year
Gross margin from €114,400 to €48,324Loss of €162,095Equity from €524,217 to €362,122Cash from €51,619 to €7,192
Key points
from the 2025 annual accountsTurnover
≈ €150,000 estimated
The accounts state no turnover.
Debts
€3.1m 89% of the balance sheet
Financial debts 74%Suppliers 0%Taxes and wages 1%Other 24%
Of this, €805,584 falls due within a year.
Filings
33 annual accounts 61 days
Latest accounts filed late: after the legal deadline.
Board
1 left
A director left. Latest change 30-06-2026 · 2 in office.
Position in the sector
-€162,095
Lower net result than 86% of companies in architecture and engineering. Sector median €35,705 · 894 companies.
Checked score
67
Healthy
Financially stronger than 16% of micro companies in architecture and engineering (NACE 71)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.2%▼ -0.3 percentage points vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.3%▲ +0.1 percentage points vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025
09-2025: 0.2%▼ -0.4 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.3%▲ +0.1 percentage points vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.4%▲ +0.1 percentage points vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.3 percentage points vs 07-2026
09-2026: 0.8%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.7%▼ -0.1 percentage points vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.65, cash €7,192, halved
Last filed accounts filed 61 days late; 3 of the last 3 accounts late
lowers risk
Size: 1 FTE, total assets €3.5m
Founded in 1992
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 71, micro). It does better than 16% of them on solvency, 22% on liquidity, 12% on profitability and 16% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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 verdict
Credit of up to €24,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.65 (0.91 in 2024), below 1. Short-term debt is 22.9% and cash 0.2% of total assets. 89.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 892 sector peers (2025).
NBB · sector comparisonPosition among 892 sector peers
Solvency
better than 17%
← weakest
strongest →
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
61 days late
2024
31 days late
2023
31 days late
2022
on the day
2021
31 days late
2020
1 day early
2019
5 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 23 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% 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 31 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
Shares in 3 companies, including ALSOLAR INVEST and LED's Invent light ltd
Board & ownershipRecent changes
1 director resigning, 2 reappointments
Reappointments: Sabine Rahe and Andries Busschaert (managing director) · Resignation: Roland Schots (managing director) · General meeting of 10-08-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0446590572
Merger: ELM-CONSULT takes over NATURAL
“Zowel in België als in het buitenland,onder eender welke vorm,initiatieven en projecten opstarten in het…” (deed in Dutch) · General meeting of 27-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ELM - CONSULT Dendermonde | €3.5m | €48,324 | 10.3% | 1 |
| LABOREX Aalst | €3.3m | €52,024 | 75.0% | 1 |
| SAFECON Retie | €2.9m | €49,163 | 97.1% | 1 |
| QUERCUS CONSULT Zedelgem | €2.2m | €45,392 | 74.7% | 0.5 |
| REAL ESTATE SOLUTIONS Sint-Lievens-Houtem | €1.7m | €106,216 | 82.3% | 1 |
| BATIMO Uccle | €5.2m | €79,141 | 88.4% | 0 |
| BLANCQUAERT HOME CONSULTING Oosterzele | €1.1m | €90,886 | 50.5% | 1 |
These companies have the same main activity as ELM - CONSULT: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €1.1m and €5.2m, founded between 1974 and 2006.
Official details
Source: KBO- Status
- Active since 18-02-1992Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121
- Establishment unit
- 2.056.385.4499200 Dendermonde, since 29-02-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 08-02-2026
Companies linked to ELM - CONSULT
Subsidiaries and holdings
- VOLTRON18.31%
Insights on ELM - CONSULT
ELM - CONSULT has existed since 1992. The gross margin fell from €332,106 in 2010 to €165,154 in 2011.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ELM - CONSULT
- What is the company number of ELM - CONSULT?
- The company number of ELM - CONSULT is 0446.590.572. The VAT number is the same number with BE in front: BE 0446.590.572.
- Where is ELM - CONSULT based?
- The registered office is at Cyriel De Baerestraat 14, 9200 Dendermonde.Company details
- What does ELM - CONSULT do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of ELM - CONSULT?
- ELM - CONSULT is a public limited company (NV).
- When was ELM - CONSULT founded?
- ELM - CONSULT was founded on 18-02-1992.
- Is ELM - CONSULT still active?
- Yes, ELM - CONSULT is an active enterprise in the KBO register.
- How many employees does ELM - CONSULT have?
- ELM - CONSULT had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of ELM - CONSULT?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €48,324 and 32 comparable companies (NACE 71121). It probably lies between €96,000 and €200,000.
- Is ELM - CONSULT profitable?
- In financial year 2025, ELM - CONSULT made a loss of €162,095.
- Where can I find the annual accounts of ELM - CONSULT?
- ELM - CONSULT filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ELM - CONSULT due?
- ELM - CONSULT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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