ELMA
Open bankruptcyA bankruptcy procedure is open for ELMA according to publications in the Belgian State Gazette; curator: STEVEN VERBEKE.
Summary
The 2023 annual accounts show negative equity (€-214k) and a net result of €-9k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€-214k▼ 4.2%
2022 · €-206k
2020: €-22khighest in 4 years
2021: €-132k▼ -511% vs 2020
2022: €-206k▼ -56.1% vs 2021
2023: €-214k▼ -4.2% vs 2022lowest in 4 years
2020 → 2023
Total assets
€108k▼ 37.9%
2022 · €174k
2020: €182k
2021: €265k▲ +45.3% vs 2020highest in 4 years
2022: €174k▼ -34.4% vs 2021
2023: €108k▼ -37.9% vs 2022lowest in 4 years
2020 → 2023
Net result
€-9k▲ 88.3%
2022 · €-74k
2020: €-32k
2021: €-110k▼ -249% vs 2020lowest in 4 years
2022: €-74k▲ +32.9% vs 2021
2023: €-9k▲ +88.3% vs 2022highest in 4 years
2020 → 2023
Working capital
€-314k▼ 22.2%
2021 · €-257k
2020: €-109khighest in 3 years
2021: €-257k▼ -137% vs 2020
2022: €-314k▼ -22.2% vs 2021lowest in 3 years
2020 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120222023Trend
Equity€-22k-€-132k▼ 511%€-206k▼ 56.1%€-214k▼ 4.2%
2020: €-22khighest in 4 years
2021: €-132k▼ -511% vs 2020
2022: €-206k▼ -56.1% vs 2021
2023: €-214k▼ -4.2% vs 2022lowest in 4 years
Operating result€-29k-€-105k▼ 258%€-69k▲ 34.3%€-5k▲ 92.3%
2020: €-29k
2021: €-105k▼ -258% vs 2020lowest in 4 years
2022: €-69k▲ +34.3% vs 2021
2023: €-5k▲ +92.3% vs 2022highest in 4 years
Net result€-32k-€-110k▼ 249%€-74k▲ 32.9%€-9k▲ 88.3%
2020: €-32k
2021: €-110k▼ -249% vs 2020lowest in 4 years
2022: €-74k▲ +32.9% vs 2021
2023: €-9k▲ +88.3% vs 2022highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2023 against €69k in 2022; the loss shrinks.
Key figures and ratios
EBITDA
€36k▲
2022 · €-28k
Cash flow
€32k▲
2022 · €-33k
Solvency
-198.7%▼
2022 · -118.4%
Debt to equity
-1.50▲
2022 · -1.84
ROA
-8.0%▲
2022 · -42.6%
Interest coverage
10.76▲
2022 · -6.09
Debt
€322k▼
2022 · €379k
Debt ≤ 1 year
€302k▼
2022 · €339k
Debt > 1 year
€20k▼
2022 · €40k
Staff costs
€174k▲
2022 · €157k
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 · 2023 against 2022 · 43 lines
Balance sheet
Code20222023
Assets
Total assets20/58€174k€108k▼
Fixed assets21/28€149k€108k▼
Intangible fixed assets21€60k€60k=
Tangible fixed assets22/27€86k€45k▼
Plant, machinery and equipment23€83k€43k▼
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€3k€3k=
Current assets29/58€25k-
Amounts receivable within one year40/41€2k-
Other amounts receivable41€2k-
Cash at bank and in hand54/58€23k-
Equity and liabilities
Total equity and liabilities10/49€174k€108k▼
Equity10/15€-206k€-214k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€-216k€-224k▼
Amounts payable17/49€379k€322k▼
Amounts payable after more than one year17€40k€20k▼
Financial debts170/4€40k€20k▼
Amounts payable within one year42/48€339k€302k▼
Current portion of amounts payable after more than one year42€20k€20k=
Financial debts43€2k€4k▲
Credit institutions430/8€2k€4k▲
Trade debts44€83k€42k▼
Suppliers440/4€83k€42k▼
Taxes, remuneration and social security45€53k€21k▼
Taxes450/3€3k-
Remuneration and social security454/9€50k€21k▼
Other amounts payable47/48€181k€216k▲
Income statement
Code20222023
Remuneration, social security and pensions62€157k€174k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€41k=
Other operating charges640/8€2k-
Gross operating margin9900€131k€210k▲
Operating profit (loss)9901€-69k€-5k▲
Financial income75/76B€87-
Recurring financial income75€87-
Financial charges65/66B€5k€3k▼
Recurring financial charges65€5k€3k▼
Profit (loss) for the period before taxes9903€-74k€-9k▲
Income taxes67/77€53-
Profit (loss) for the period9904€-74k€-9k▲
Profit (loss) for the period to be appropriated9905€-74k€-9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-216k€-224k▼
Profit (loss) brought forward from the previous period14P€-142k€-216k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €139k | €157k | €174k | ▲ 10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €36k | €41k | €41k | = |
| Other operating charges640/8 | - | €874 | €2k | - | - |
| Gross operating margin9900 | €-2k | €71k | €131k | €210k | ▲ 59.7% |
| Operating profit (loss)9901 | €-29k | €-105k | €-69k | €-5k | ▲ 92.3% |
| Financial income75/76B | - | - | €87 | - | - |
| Recurring financial income75 | - | - | €87 | - | - |
| Financial charges65/66B | - | €5k | €5k | €3k | ▼ 29.1% |
| Recurring financial charges65 | €2k | €5k | €5k | €3k | ▼ 29.1% |
| Profit (loss) for the period before taxes9903 | €-32k | €-110k | €-74k | €-9k | ▲ 88.3% |
| Income taxes67/77 | - | - | €53 | - | - |
| Profit (loss) for the period9904 | €-32k | €-110k | €-74k | €-9k | ▲ 88.3% |
| Profit (loss) for the period to be appropriated9905 | €-32k | €-110k | €-74k | €-9k | ▲ 88.3% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €182k | €265k | €174k | €108k | ▼ 37.9% |
| Fixed assets21/28 | €167k | €186k | €149k | €108k | ▼ 27.5% |
| Intangible fixed assets21 | €104k | €86k | €60k | €60k | = |
| Tangible fixed assets22/27 | €61k | €97k | €86k | €45k | ▼ 47.5% |
| Plant, machinery and equipment23 | - | €97k | €83k | €43k | ▼ 47.9% |
| Furniture and vehicles24 | - | €683 | €3k | €2k | ▼ 36.7% |
| Financial fixed assets28 | €2k | €3k | €3k | €3k | = |
| Current assets29/58 | €15k | €79k | €25k | - | - |
| Amounts receivable within one year40/41 | €5k | €14k | €2k | - | - |
| Other amounts receivable41 | - | €14k | €2k | - | - |
| Cash at bank and in hand54/58 | €10k | €49k | €23k | - | - |
| Deferred charges and accrued income490/1 | - | €16k | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €182k | €265k | €174k | €108k | ▼ 37.9% |
| Equity10/15 | €-22k | €-132k | €-206k | €-214k | ▼ 4.2% |
| Contributions10/11 | - | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €-32k | €-142k | €-216k | €-224k | ▼ 4.0% |
| Amounts payable17/49 | €204k | €396k | €379k | €322k | ▼ 15.1% |
| Amounts payable after more than one year17 | €80k | €60k | €40k | €20k | ▼ 50.0% |
| Financial debts170/4 | - | €60k | €40k | €20k | ▼ 50.0% |
| Amounts payable within one year42/48 | €124k | €336k | €339k | €302k | ▼ 10.9% |
| Current portion of amounts payable after more than one year42 | - | €20k | €20k | €20k | = |
| Financial debts43 | - | €5k | €2k | €4k | ▲ 129% |
| Credit institutions430/8 | - | €5k | €2k | €4k | ▲ 129% |
| Trade debts44 | €7k | €86k | €83k | €42k | ▼ 50.0% |
| Suppliers440/4 | - | €86k | €83k | €42k | ▼ 50.0% |
| Taxes, remuneration and social security45 | - | €35k | €53k | €21k | ▼ 61.0% |
| Taxes450/3 | - | €3k | €3k | - | - |
| Remuneration and social security454/9 | - | €32k | €50k | €21k | ▼ 58.9% |
| Other amounts payable47/48 | - | €190k | €181k | €216k | ▲ 19.0% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-32k | €-110k | €-74k | €-9k | ▲ 88.3% |
| + Depreciation and write-downs630 | €20k | €36k | €41k | €41k | = |
| Operating cash flow (approximation) | €-11k | €-74k | €-33k | €32k | ▲ 198% |
| Investment in fixed assets (approximation) | - | €-55k | €-4k | €0 | ▲ 100% |
| Change in cash | - | €39k | €-27k | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
14-05
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · event 08-05-2025
2024
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 153 days late
2023
04-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 35 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Weakest financial yearnet €-110k
Net result drops to €-110k, the lowest in the series.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Haacht · 1 establishment unit since 2020
Ground area
2.4 ha
Building footprint
2.2 ha
Volume, LiDAR
95,619 m³
2 parcels, Flanders · tallest building 22.5 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CHITIR CHICKEN
since 20202.300.473.774
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41362B1603/00G000 | Flanders | 2.2 ha | 1 · 2.2 ha | 22.5 m · 1 fl. |
| 24033C0105/00E000 | Flanders | 1,465 m² | 1 · 185 m² | 6.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN VERBEKE OLV Broedersstraat 3, 3300 TIENEN- |
08-05-2025 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteNinove2.300.473.774
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.