ELMAC
Bankruptcy closedInactive since 17-09-2026; last annual accounts for fiscal year 2024.
Summary
ELMAC was declared bankrupt on 25-09-2025 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 15-09-2026, published in the Belgian State Gazette on 21-09-2026.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2324
2023 to 2024 · latest year -€197,137
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 33 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€197,137▼ 83.8%
2023 · -€107,282
Total assets
€110,913▼ 12.5%
2023 · €126,783
Net result
-€89,855▲ 20.0%
2023 · -€112,282
Working capital
-€279,407▼ 42.9%
2023 · -€195,498
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20232024
Operating result-€112,161--€89,590▲ 20.1%
Net result-€112,282--€89,855▲ 20.0%
Equity-€107,282--€197,137▼ 83.8%
Total assets€126,783-€110,913▼ 12.5%
Debt€234,065-€308,050▲ 31.6%
Working capital-€195,498--€279,407▼ 42.9%
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 €89,590 in 2024 against €112,161 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €110,913
Fixed assets
€82,270 ▼ 6.7%
Current assets
€28,643 ▼ 25.7%
Key figures and ratios
EBITDA
-€67,243▲
2023 · -€94,653
Cash flow
-€67,508▲
2023 · -€94,775
Solvency
-177.7%▼
2023 · -84.6%
Current ratio
0.09▼
2023 · 0.16
Debt to equity
-1.56▲
2023 · -2.18
ROA
-81.0%▲
2023 · -88.6%
Interest coverage
-58.51▲
2023 · -655.63
Debt ≤ 1 year
€308,050▲
2023 · €234,065
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €8,573 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,508 | €22,347 | ▲ 27.6% |
| Other operating charges640/8 | €1,065 | €1,441 | ▲ 35.3% |
| Gross operating margin9900 | -€85,016 | -€65,802 | ▲ 22.6% |
| Operating profit (loss)9901 | -€112,161 | -€89,590 | ▲ 20.1% |
| Financial income75/76B | €23 | €884 | ▲ 3,810% |
| Recurring financial income75 | €23 | €884 | ▲ 3,810% |
| Financial charges65/66B | €144 | €1,149 | ▲ 696% |
| Recurring financial charges65 | €144 | €1,149 | ▲ 696% |
| Profit (loss) for the period before taxes9903 | -€112,282 | -€89,855 | ▲ 20.0% |
| Profit (loss) for the period9904 | -€112,282 | -€89,855 | ▲ 20.0% |
| Profit (loss) for the period to be appropriated9905 | -€112,282 | -€89,855 | ▲ 20.0% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €126,783 | €110,913 | ▼ 12.5% |
| Fixed assets21/28 | €88,216 | €82,270 | ▼ 6.7% |
| Tangible fixed assets22/27 | €88,216 | €82,270 | ▼ 6.7% |
| Plant, machinery and equipment23 | €67,426 | €63,973 | ▼ 5.1% |
| Furniture and vehicles24 | €1,898 | €1,483 | ▼ 21.9% |
| Other tangible fixed assets26 | €18,891 | €16,813 | ▼ 11.0% |
| Current assets29/58 | €38,567 | €28,643 | ▼ 25.7% |
| Stocks and contracts in progress3 | €3,250 | - | - |
| Stocks30/36 | €3,250 | - | - |
| Amounts receivable within one year40/41 | €35,016 | €28,638 | ▼ 18.2% |
| Trade receivables40 | €28,453 | €26,678 | ▼ 6.2% |
| Other amounts receivable41 | €6,563 | €1,959 | ▼ 70.1% |
| Cash at bank and in hand54/58 | €301 | €6 | ▼ 98.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €126,783 | €110,913 | ▼ 12.5% |
| Equity10/15 | -€107,282 | -€197,137 | ▼ 83.8% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€112,282 | -€202,137 | ▼ 80.0% |
| Amounts payable17/49 | €234,065 | €308,050 | ▲ 31.6% |
| Amounts payable within one year42/48 | €234,065 | €308,050 | ▲ 31.6% |
| Trade debts44 | €1,623 | €27,482 | ▲ 1,594% |
| Suppliers440/4 | €1,623 | €27,482 | ▲ 1,594% |
| Advances received on contracts in progress46 | €154 | - | - |
| Other amounts payable47/48 | €232,288 | €280,569 | ▲ 20.8% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€112,282 | -€89,855 | ▲ 20.0% |
| + Depreciation and write-downs630 | €17,508 | €22,347 | ▲ 27.6% |
| Operating cash flow (approximation) | -€94,775 | -€67,508 | ▲ 28.8% |
| Investment in fixed assets (approximation) | - | -€16,401 | - |
| Change in cash | - | -€295 | - |
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
2026
21-09
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 15-09-2026
2025
01-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 25-09-2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
SignalNBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen
Ground area
4,693 m²
Building footprint
4,139 m²
Volume, LiDAR
9,131 m³
Parcel 11345B0449/00A000, Flanders · tallest building 11.4 m. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11345B0449/00A000 | Flanders | 4,693 m² | 1 · 4,139 m² | 11.4 m |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIETER MATTHEESSENS LANGE LOZANASTRAAT 24,
2018 ANTWERPEN 1 |
25-09-2025 → 15-09-2026 |