Financials
- Financial year
- 2025
- Total assets
- €90,391
- Profit
- €669
- Solvency
- 33.0%
Total assets▼ 12.7%
Net result
20192025
ELMAN
ActiveSummary
ELMAN has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29,859 and a net result of €669. Equity is shrinking by about 3.9% per year across the filed financial years. Its solvency ranks better than 35% of 34,718 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Activity
General electrical installation work
NACE 43211
1 site
Size
€90,391total assets 2025
- Equity
- €29,859
- Profit
- €669
Turnover not published (micro format)
Why 69raises riskLiquidity: current ratio 1.85Sector: Specialised construction activities (NACE 43)lowers riskFounded in 2001Size: total assets €90,391Show the evidence
Checked score
Score 2025
69
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 41% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Strong
Solvency
58+5
equity 33.0% of total assets
Liquidity
61+8
short-term debt 41.4%
Profitability
63+5
return on assets 0.7%
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.6%
12-2024: 0.6%● unchanged vs 11-2024
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025lowest value
04-2025: 0.8%▲ +0.2 percentage points vs 03-2025
05-2025: 0.6%▼ -0.2 percentage points vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.6%● unchanged vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.8%▲ +0.2 percentage points vs 03-2026highest value
05-2026: 0.7%▼ -0.1 percentage points vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 0.7%● unchanged vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.85, compared with 1.5 in 2024, above the usual 1.5; short-term debt: 41.4% of total assets), but 67% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 35% on solvency, 59% on liquidity, 30% on profitability and 41% on growth.
The bankruptcy probability was computed on 25-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €29,859
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 days early
2024
13 days early
2023
17 days early
2022
4 days early
2021
1 day early
2020
14 days early
2019
16 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 24 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end26-10-2026 today30-04-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Key points
By topic
Board & ownership
- Board
- 1 member
- Hofman JurgenDirector
Timeline
- Events
- 27
- Since
- 2003
- Next accounts
- by 30-04-2027
- 30-09-2023Back to profit
- 28-08-2023Resignation: Hofman Jurgen (manager)
- 26-04-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- General electrical installation workNACE 43211
- Founded
- 17-12-2001
- Year ends
- 30-09
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 29
- Who signs
- Each director alone
- Annual meeting
- Last Saturday of March at 11:00
Key facts about ELMAN
- What is the company number of ELMAN?
- 0476.345.917. In Belgium the VAT number is the company number with BE in front: BE 0476.345.917.
- Where is ELMAN based?
- The registered office is at Wilgenstraat 8, 9220 Hamme (Vl.).Company details
- What does ELMAN do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of ELMAN?
- Private limited company (BV).
- When was ELMAN founded?
- On 17-12-2001.
- Is ELMAN still active?
- Yes, ELMAN is an active enterprise in the KBO register.
- How many employees does ELMAN have?
- On average 0.4 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of ELMAN?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is ELMAN profitable?
- In financial year 2025, ELMAN made a profit of €669.
- Where can I find the annual accounts of ELMAN?
- ELMAN filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ELMAN due?
- By 30-04-2027, for financial year 2026.Timeline
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