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ELMA 24

Active
Private limited companyfounded 20241 yr activeBlaesstraat 258, 1000 Brussel, BelgiumKBO/BCE: BE 1014.893.776
Summary

The computed 12-month bankruptcy probability of ELMA 24 is 2.2% (moderate). The 2025 annual accounts show equity of €5,131 and a net result of €3,131. Its solvency ranks better than 22% of 4231 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability55
Solvency37
Growth-
Track record67
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.13; short-term debt: 88.4% and cash: 3.9% of total assets), and 88.4% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 4231 sector peers (2025).
NBB · sector comparison
Position among 4231 sector peers
Solvency
better than 22%
← weakest strongest →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
3 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 9 October 2024, ELMA 24 was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, full schema

Turnover
€372,800
EBIT margin
0.8%
Net result
€3,131
Working capital
€5,131
Balance-sheet composition
Equity and liabilities €44,390
Equity €5,131
Debt €39,259
Debt finances 88.4% of the balance-sheet total.
Key figures and ratios
2025 value
Current ratio
1.13
Quick ratio
0.18
Debt to equity
7.65
ROE
61.0%
ROA
7.1%
Debt ≤ 1 year
€39,259
Staff costs
€34,119

Peer companies

Historical observation

Of the 2,390 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.2% went bankrupt
2.0% stopped otherwise
97% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,390 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 33 lines
Balance sheet Code2025
Assets
Total assets20/58€44,390
Current assets29/58€44,390
Stocks and contracts in progress3€37,345
Stocks30/36€37,345
Amounts receivable within one year40/41€5,297
Trade receivables40€5,297
Cash at bank and in hand54/58€1,748
Equity and liabilities
Total equity and liabilities10/49€44,390
Equity10/15€5,131
Contributions10/11€2,000
Capital10€2,000
Issued capital100€2,000
Profit (loss) carried forward14€3,131
Amounts payable17/49€39,259
Amounts payable within one year42/48€39,259
Trade debts44€2,183
Suppliers440/4€2,183
Taxes, remuneration and social security45€33,066
Taxes450/3€2,518
Remuneration and social security454/9€30,548
Other amounts payable47/48€4,010
Income statement Code2025
Turnover70€372,800
Goods, raw materials, services and sundry goods60/61€334,940
Remuneration, social security and pensions62€34,119
Other operating charges640/8€593
Gross operating margin9900€37,860
Operating profit (loss)9901€3,148
Financial charges65/66B€17
Recurring financial charges65€17
Profit (loss) for the period before taxes9903€3,131
Profit (loss) for the period9904€3,131
Profit (loss) for the period to be appropriated9905€3,131
Appropriation of the result
Profit (loss) to be appropriated9906€3,131
Line2025
Turnover70€372,800
Goods, raw materials, services and sundry goods60/61€334,940
Remuneration, social security and pensions62€34,119
Other operating charges640/8€593
Gross operating margin9900€37,860
Operating profit (loss)9901€3,148
Financial charges65/66B€17
Recurring financial charges65€17
Profit (loss) for the period before taxes9903€3,131
Profit (loss) for the period9904€3,131
Profit (loss) for the period to be appropriated9905€3,131
Line2025
Assets
Total assets20/58€44,390
Current assets29/58€44,390
Stocks and contracts in progress3€37,345
Stocks30/36€37,345
Amounts receivable within one year40/41€5,297
Trade receivables40€5,297
Cash at bank and in hand54/58€1,748
Equity and liabilities
Total equity and liabilities10/49€44,390
Equity10/15€5,131
Contributions10/11€2,000
Capital10€2,000
Issued capital100€2,000
Profit (loss) carried forward14€3,131
Amounts payable17/49€39,259
Amounts payable within one year42/48€39,259
Trade debts44€2,183
Suppliers440/4€2,183
Taxes, remuneration and social security45€33,066
Taxes450/3€2,518
Remuneration and social security454/9€30,548
Other amounts payable47/48€4,010
Line2025
Profit (loss) for the period9904€3,131
Operating cash flow (approximation)€3,131

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
28-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
NBB filing
0 of 3 acts read
About the unread acts

We know of 3 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
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, Brussel · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
134 m²
Building footprint
134 m²
Volume, LiDAR
1,579 m³
Parcel 21809K0660/00G000, Brussels · tallest building 16.2 m, ±4 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
ELMA 24
Blaesstraat 258, 1000 BrusselRetail trade
since 20242.364.923.742
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21809K0660/00G000 Brussels 134 m² 1 · 134 m² 16.2 m · 4 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Brussel2.364.923.742
1 permission
Toelating · Detailhandel · since 25-11-2024

Similar companies · same sector, comparable size

Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. 2,630 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded09-10-2024
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47210Retail sale of fruit and vegetables
47252Retail sale of beverages, general range
47750Retail sale of cosmetics and toilet articles
47783Retail trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:1014893776
Also 9925:BE1014893776
Registered 28-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.