ELMA
ActiveELMA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53k and a net result of €11k. Equity is growing by ~39.7% per year across the filed fiscal years. Its solvency ranks better than 72% of 7993 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▼-12
Solvency92▲+25
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 2.39 against 2.05 in 2024; short-term debt: 33.2% and cash: 2.6% of total assets), and 33.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.8%
Return on assets
13.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
1 d early
2023
14 d early
2022
3 d early
2021
30 d late
2020
26 d late
2019
172 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€53k▲ 25.2%
2024 · €42k
2018: €8k
2019: €5k
2020: €7k
2021: €8k
2022: €10k
2023: €19k
2024: €42k
2018 → 2025
Total assets
€79k▼ 21.8%
2024 · €101k
2018: €9k
2019: €7k
2020: €14k
2021: €9k
2022: €22k
2023: €45k
2024: €101k
2018 → 2025
Net result
€11k▼ 54.6%
2024 · €24k
2018: €-1k
2019: €-3k
2020: €3k
2021: €1k
2022: €1k
2023: €9k
2024: €24k
2018 → 2025
Working capital
€37k▼ 9.1%
2024 · €40k
2018: €7k
2019: €5k
2020: €7k
2021: €8k
2022: €10k
2023: €5k
2024: €40k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8k-€10k▲ 15.6%€19k▲ 93.3%€42k▲ 125%€53k▲ 25.2%
Operating result€2k-€1k▼ 44.5%€13k▲ 1,067%€30k▲ 138%€17k▼ 42.6%
Net result€1k-€1k▲ 9.4%€9k▲ 592%€24k▲ 159%€11k▼ 54.6%
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 falls in 2025; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €79k
Fixed assets
€16k▼ 28.0%
Current assets
€63k▼ 20.0%
Equity and liabilities €79k
Equity
€53k▲ 25.2%
Debt
€26k▼ 55.4%
The debt ratio falls from 58.2% to 33.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▼
2024 · €37k
Cash flow
€17k▼
2024 · €30k
Solvency
66.8%▲
2024 · 41.8%
Current ratio
2.39▲
2024 · 2.05
Quick ratio
2.39▲
2024 · 1.53
Debt / equity
0.50▼
2024 · 1.39
ROE
20.1%▼
2024 · 55.6%
ROA
13.5%▼
2024 · 23.2%
Interest coverage
15.77▼
2024 · 48.14
Debt
€26k▼
2024 · €59k
Debt ≤ 1 year
€26k▼
2024 · €38k
Income taxes
€5k▼
2024 · €6k
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€101k€79k▼
Fixed assets21/28€23k€16k▼
Tangible fixed assets22/27€23k€16k▼
Land and buildings22€23k€16k▼
Current assets29/58€79k€63k▼
Stocks and contracts in progress3€20k-
Stocks30/36€20k-
Amounts receivable within one year40/41€57k€61k▲
Trade receivables40€42k€30k▼
Other amounts receivable41€15k€31k▲
Cash at bank and in hand54/58€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€101k€79k▼
Equity10/15€42k€53k▲
Contributions10/11€19k€19k=
Reserves13€3k€3k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€21k€32k▲
Amounts payable17/49€59k€26k▼
Amounts payable within one year42/48€38k€26k▼
Trade debts44€27k€14k▼
Suppliers440/4€27k€14k▼
Taxes, remuneration and social security45-€12k
Taxes450/3-€12k
Other amounts payable47/48€11k-
Accrued charges and deferred income492/3€21k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Other operating charges640/8€548€1k▲
Gross operating margin9900€37k€25k▼
Operating profit (loss)9901€30k€17k▼
Financial charges65/66B€764€2k▲
Recurring financial charges65€764€2k▲
Profit (loss) for the period before taxes9903€30k€16k▼
Income taxes67/77€6k€5k▼
Profit (loss) for the period9904€24k€11k▼
Profit (loss) for the period to be appropriated9905€24k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€32k▲
Profit (loss) brought forward from the previous period14P€-3k€21k▲
The notes to these accounts (4 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €24k ▲159%
Operating result €30k, net result €24k, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Liquidity times 7current ratio 14.33
Current ratio from 2.09 to 14.33; short-term debt falls from €7k to €632.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
19-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 172 days late
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
2019
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
04-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 65 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 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, Pelt · 1 establishment unit since 2008
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.
Herent 483910 PeltGround area
1,336 m²
Building footprint
188 m²
Parcel 72362D0121/00Z000, Flanders. Linked by address, not a title deed.
1 establishment unit
ELMA
since 20082.169.971.261
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72362D0121/00Z000 | Flanders | 1,336 m² | 1 · 188 m² | - |
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.
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Of 1,745 companies in sector 46150 we hold annual accounts for 757. 579 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-03-2008
Fiscal year end31-12
Activities, NACEBEL
46150Agents in the wholesale of furniture, household goods and hardware
46130Agents in the wholesale of timber and building materials
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.