Equity
€53,006 ▲ 25.2%
ELMA has made a profit without a break since 2020.
ELMA
Lifetime
18 annual accounts with figures on one time axispeak €37,339 (2024)
€24,921▼ 33.3%
lowest -€11,145 (2012)
€10,669▼ 54.6%
peak €53,006 (2025)
€53,006▲ 25.2%
€26,314▼ 55.4%
Board2 names since 2008
1 directorTheodore MEIER
Documentsfilings and deeds
03-07-202628 days before the deadline
2025abbreviated format
Gross margin from €37,339 to €24,921Result from €23,520 to €10,669Equity from €42,337 to €53,006Debts from €59,037 to €26,314Cash from €1,215 to €2,082
Key points
from the 2025 annual accountsChecked score
87
Excellent
Financially stronger than 67% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025lowest value
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 0.3%▼ -0.1 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.2%▼ -0.1 percentage points vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.3%▲ +0.1 percentage points vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €79,320
Liquidity: current ratio 2.39, cash €2,082
lowers risk
Founded in 2008
Figures for financial year 2025 (filed on 03-07-2026)
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 46, micro). It does better than 72% of them on solvency, 36% on liquidity, 80% on profitability and 79% on growth.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as ELMA has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of ELMA itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for ELMA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.39 (2.05 in 2024), above the usual 1.5. Short-term debt is 33.2% and cash 2.6% of total assets. 33.2% 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
Five signals.
lowers riskraises riskneutral
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 days early
2024
1 day early
2023
14 days early
2022
3 days early
2021
30 days late
2020
26 days late
2019
172 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 26 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 28 July (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
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0896729960
Reappointment: Theodore MEIER (director)
Permanent representative: Theodore MEIER · General meeting of 07-03-2024 · Gazette deed
Registered office moved within Pelt
New registered office: Herent 48 te 3910 pelt · Previous registered office: Burgemeester Van Lindtstraat 15/5, 3900 Pelt · Resignation: Mikkers Leonardus (manager) · General meeting of 23-11-2021 · Gazette deed
Registered office moved from Neerpelt to Overpelt
New registered office: Burgemeester Van Lindtstraat 15 bus 5 te 3900 Overpelt · Previous registered office: Molenstraat 81, 3910 Neerpelt · General meeting of 15-10-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ELMA Pelt | €79,320 | €24,921 | 66.8% | - |
| YUPA Knokke-Heist | €72,333 | €25,922 | 80.7% | - |
| INTERIEUR-CONCEPTS Deerlijk | €81,505 | €20,467 | 92.8% | - |
| MOZCAN Anderlecht | €68,232 | €28,134 | -186.9% | - |
| Sylvain FILANSIF Theux | €61,112 | €18,618 | 72.8% | - |
| Erik Coosemans Dendermonde | €63,016 | €17,826 | 55.9% | - |
| Vivro Keerbergen | €85,261 | €24,963 | 64.3% | - |
These companies have the same main activity as ELMA: agents in the wholesale of furniture, household goods and hardware (NACE 46150). They are comparable in size and age: total assets between €61,100 and €85,300, founded between 2005 and 2013.
Official details
Source: KBO- Status
- Active since 27-03-2008Normal situation
- Activity
- Agents in the wholesale of furniture, household goods and hardwareNACE 46150and 1 other
- Establishment unit
- 2.169.971.2613910 Pelt, since 27-03-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 05-10-2025
Annual accounts 2025
- €79,320▼ 21.8%
- Filing
- Filed on 03-07-2026, 28 days before the end of the filing period
Insights on ELMA
ELMA files the abbreviated format. That format states no turnover. The gross margin rose from €4,376 in 2008 to €24,921 in 2025.
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 ELMA
- What is the company number of ELMA?
- The company number of ELMA is 0896.729.960. The VAT number is the same number with BE in front: BE 0896.729.960.
- Where is ELMA based?
- The registered office is at Herent 48, 3910 Pelt.Company details
- What does ELMA do?
- According to the KBO register, the main activity is agents in the wholesale of furniture, household goods and hardware (NACE 46150).
- What is the legal form of ELMA?
- ELMA is a private limited company (BV).
- When was ELMA founded?
- ELMA was founded on 27-03-2008.
- Is ELMA still active?
- Yes, ELMA is an active enterprise in the KBO register.
- What is the turnover of ELMA?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €24,921 and 32 comparable companies (NACE 461). It probably lies between €80,000 and €470,000. It is a rough estimate.Financials
- Is ELMA profitable?
- In financial year 2025, ELMA made a profit of €10,669.
- Where can I find the annual accounts of ELMA?
- ELMA filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ELMA due?
- ELMA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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