Financials
- Fiscal year
- 2024
- Total assets
- €65,204
- Profit
- €15,944
- Solvency
- 66.5%
Total assets▼ 50.9%
Net result
20212024
ELMA CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of ELMA CONSTRUCT is 2.5% (moderate). The 2024 annual accounts show equity of €43,362 and a net result of €15,944. Equity is growing by ~59.8% per year across the filed fiscal years. Its solvency ranks better than 75% of 9989 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
General construction of residential buildings
NACE 41001General construction of buildings NACE 41201
1 site
Size
€65,204total assets 2024
- Equity
- €43,362
- Profit
- €15,944
Turnover not published (abridged schema)
Structure
Accounts 66 d overdue0 of 3 deeds read
Why 55- 1 financial year not filed after the legal deadline; latest accounts 84 days late; 3 of the last 3 late- Figures for FY 2024 (filed 23-10-2025)- Founded in 2020+ Liquidity: current ratio 2.99, cash €28,408Show the evidence
Checked score
Score 2024
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 82% of its sector peers (NACE 41, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
92+46
equity 66.5% of total assets
Liquidity
85+47
short-term debt 33.5% · cash 43.6%
Profitability
99+39
return on assets 24.5%
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 4.8%
12-2024: 4.8%● 0.0% vs 11-2024
01-2025: 4.8%▼ -1.0% vs 12-2024
02-2025: 4.9%▲ +2.6% vs 01-2025
03-2025: 4.9%▼ -0.4% vs 02-2025
04-2025: 5.3%▲ +8.1% vs 03-2025
05-2025: 6.0%▲ +12.4% vs 04-2025highest value
06-2025: 3.8%▼ -36.1% vs 05-2025
07-2025: 3.8%▲ +0.8% vs 06-2025
08-2025: 4.6%▲ +20.1% vs 07-2025
09-2025: 4.9%▲ +6.8% vs 08-2025
10-2025: 5.4%▲ +9.3% vs 09-2025
11-2025: 1.2%▼ -77.9% vs 10-2025
12-2025: 1.2%▲ +0.3% vs 11-2025
01-2026: 1.1%▼ -4.4% vs 12-2025
02-2026: 1.1%● 0.0% vs 01-2026
03-2026: 1.1%▼ -2.2% vs 02-2026lowest value
04-2026: 1.1%▲ +2.4% vs 03-2026
05-2026: 1.1%▼ -1.0% vs 04-2026
06-2026: 1.1%▲ +0.4% vs 05-2026
07-2026: 1.2%▲ +3.6% vs 06-2026
08-2026: 1.7%▲ +41.8% vs 07-2026
09-2026: 1.9%▲ +12.8% vs 08-2026
10-2026: 2.5%▲ +32.7% vs 09-2026
- 1 financial year not filed after the legal deadline; latest accounts 84 days late; 3 of the last 3 late raises the probability
- Liquidity: current ratio 2.99, cash €28,408 lowers the probability
- Figures for FY 2024 (filed 23-10-2025) raises the probability
- Founded in 2020 raises the probability for this profile
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 2.99 against 1.26 in 2023; short-term debt: 33.5% and cash: 43.6% of total assets), and 33.5% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 41, micro). Better than this share of them on solvency 76%, liquidity 87%, profitability 82%, growth against the median 82%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-10-2025, 84 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
84 d late
2023
61 d late
2022
31 d late
2021
76 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 63 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Highest result since 2021net €15,944 ▲30.6%
- Liquidity doublescurrent ratio 2.99
Key points
By topic
Timeline
- Events
- 7
- Since
- 2022
- 23-10-2025Annual accounts filed
- 31-12-2024Highest result since 2021
- 31-12-2024Liquidity doubles
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- General construction of residential buildingsNACE 41001
- Founded
- 15-09-2020
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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