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ELM Solutions

Active
Private limited companyfounded 2025active for 1 yearAzalealaan 5, 9200 Dendermonde, BelgiumKBO/BCE: BE 1019.038.943
Summary

ELM Solutions has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53,809 and a net result of €51,309. Its solvency ranks better than 78% of 34,972 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Official details

Source: KBO
Status
Active since 22-01-2025 Normal situation
Activity
General electrical installation work NACE 43211
Establishment unit
2.369.215.201 9200 Dendermonde, since 22-01-2025
Financial year end
31 December
Peppol
Reachable since 25-11-2025

Board and ownership

Board
Shareholders
  • El Mahaoui Tarikact of 24-01-2025

Financial position

69 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.9%
Annual accounts 2025
Gross margin
€64,998
Turnover
≈ €250,000
estimated
Profit
€51,309
Equity
€53,809
Total assets
€74,007
  • 2025 accounts filed 31 days after the deadline
Score breakdownraises riskSize: total assets €74,007Founded in 2025Last filed accounts filed 31 days late; 1 of the last 3 accounts latelowers riskLiquidity: current ratio 2.77, cash €26,889Show the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 84% of micro companies in specialised construction (NACE 43)
Financial strength
Strong
Solvency 98
equity 72.7% of total assets
Liquidity 85
short-term debt 27.3% · cash 36.3%
Profitability 100
return on assets 69.3%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,685 companies, NACE 43, micro)
Last 24 months 02-2026: 1.9% 03-2026: 1.9%● unchanged vs 02-2026 04-2026: 2.0%▲ +0.1 percentage points vs 03-2026 05-2026: 2.3%▲ +0.3 percentage points vs 04-2026 06-2026: 2.4%▲ +0.1 percentage points vs 05-2026 07-2026: 2.7%▲ +0.3 percentage points vs 06-2026highest value 08-2026: 2.7%● unchanged vs 07-2026highest value 09-2026: 0.9%▼ -1.8 percentage points vs 08-2026lowest value 10-2026: 0.9%● unchanged vs 09-2026 11-2026: 0.9%● unchanged vs 10-2026
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.77, above the usual 1.5. Short-term debt is 27.3% and cash 36.3% of total assets. 27.3% of the assets are financed with debt and provisions.
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 43, micro). It does better than 79% of them on solvency, 82% on liquidity and 92% on profitability.

The bankruptcy probability was computed on 04-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Size: total assets €74,007
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 2.77, cash €26,889
NBB · annual accounts
raises risk · Founded in 2025
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Last filed accounts filed 31 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · 2025 accounts filed 31 days late
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. 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 · 1 filing
Deviation from the deadline
2025
31 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2025.
KBO publications

Key points

  • Positive: Higher net result than 86% of companies in specialised constructionsector median €10,221 · 34,960 companies €51,309 View

Recent changes

  1. · Gazette deed IncorporationFounding capital of €2,500, 100 shares · Founder: El Mahaoui Tarik · Appointment: El Mahaoui Tarik (director)
All 2 events

Comparable companies

These companies have the same main activity as ELM Solutions: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €62,500 and €82,900, founded between 2024 and 2025.

CompanyTotal assetsGross margin
ELM Solutions Dendermonde€74,007€64,998
CasaVolta Herzele€67,463€64,555
Me3elem Sint-Martens-Latem€65,752€56,890
De Moor Nathan Lievegem€82,917€55,003
Dylan Van Hese Zele€62,461€56,275
Brilliant Enterprises Herzele€63,984€60,611
Safcin Group Aalst€65,866€51,710
Full comparison

Key facts about ELM Solutions

What is the company number of ELM Solutions?
The company number of ELM Solutions is 1019.038.943. The VAT number is the same number with BE in front: BE 1019.038.943.
Where is ELM Solutions based?
The registered office is at Azalealaan 5, 9200 Dendermonde.Company details
What does ELM Solutions do?
According to the KBO register, the main activity is general electrical installation work (NACE 43211).
What is the legal form of ELM Solutions?
The legal form of ELM Solutions is Private limited company (BV).
When was ELM Solutions founded?
ELM Solutions was founded on 22-01-2025.
Is ELM Solutions still active?
Yes, ELM Solutions is an active enterprise in the KBO register.
What is the turnover of ELM Solutions?
The turnover in financial year 2025 is ≈ €250,000. This figure is estimated from the gross margin of €64,998 and 40 comparable companies (NACE 43211). It probably lies between €160,000 and €400,000.Financials
Is ELM Solutions profitable?
In financial year 2025, ELM Solutions made a profit of €51,309.
Where can I find the annual accounts of ELM Solutions?
ELM Solutions filed 1 annual account with the National Bank of Belgium, for financial year 2025.

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