ELMATI
ActiveSummary
ELMATI has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €54k and a net result of €11k. Equity is shrinking by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 14% of 20782 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability61▼-3
Solvency40▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 2.07 in 2023; short-term debt: 10.7% and cash: 10.2% of total assets), and 85.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
14.5%
Return on assets
2.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 20782 sector peers (2024).
NBB · sector comparisonPosition among 20782 sector peers
Solvency
better than 14%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €54k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-08-2025, 4 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
4 d late
2023
19 d early
2022
25 d early
2021
31 d early
2020
10 d late
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€54k▲ 24.5%
2023 · €43k
2018: €103k
2019: €76k
2020: €62k
2021: €49k
2022: €32k
2023: €43k
2018 → 2024
Total assets
€372k▲ 2.2%
2023 · €364k
2018: €537k
2019: €490k
2020: €467k
2021: €416k
2022: €377k
2023: €364k
2018 → 2024
Net result
€11k▼ 4.8%
2023 · €11k
2018: €-9k
2019: €-27k
2020: €-14k
2021: €-13k
2022: €-16k
2023: €11k
2018 → 2024
Working capital
€17k▼ 55.7%
2023 · €37k
2018: €29k
2019: €-7k
2020: €4k
2021: €4k
2022: €8k
2023: €37k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€62k-€49k▼ 21.5%€32k▼ 33.8%€43k▲ 34.7%€54k▲ 24.5%
Operating result€3k-€2k▼ 22.3%€-2k€27k€28k▲ 6.1%
Net result€-14k-€-13k▲ 3.7%€-16k▼ 23.0%€11k€11k▼ 4.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 6% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €372k
Fixed assets
€315k ▲ 8.3%
Current assets
€56k ▼ 22.0%
Equity and liabilities €372k
Equity
€54k ▲ 24.5%
Debt
€318k ▼ 0.8%
Debt's share of the balance-sheet total falls from 88.1% to 85.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€83k▲
2023 · €74k
Cash flow
€65k▲
2023 · €58k
Current ratio
1.42▼
2023 · 2.07
Debt to equity
5.89▼
2023 · 7.39
ROE
19.7%▼
2023 · 25.7%
ROA
2.9%▼
2023 · 3.1%
Interest coverage
4.66▼
2023 · 4.91
Debt ≤ 1 year
€40k▲
2023 · €35k
Debt > 1 year
€271k▼
2023 · €281k
Income taxes
€182▲
2023 · €130
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€364k€372k▲
Fixed assets21/28€291k€315k▲
Tangible fixed assets22/27€291k€315k▲
Land and buildings22€255k€215k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€6k€75k▲
Other tangible fixed assets26€27k€23k▼
Current assets29/58€72k€56k▼
Amounts receivable within one year40/41€19k€17k▼
Trade receivables40€19k€17k▼
Cash at bank and in hand54/58€51k€38k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€364k€372k▲
Equity10/15€43k€54k▲
Contributions10/11€119k€119k=
Reserves13€16k€16k=
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Distributable reserves133€12k€12k=
Profit (loss) carried forward14€-91k€-81k▲
Amounts payable17/49€320k€318k▼
Amounts payable after more than one year17€281k€271k▼
Financial debts170/4€281k€271k▼
Amounts payable within one year42/48€35k€40k▲
Current portion of amounts payable after more than one year42€26k€27k▲
Trade debts44€3k€30▼
Suppliers440/4€3k€30▼
Taxes, remuneration and social security45€7k€13k▲
Taxes450/3€3k€9k▲
Remuneration and social security454/9€4k€4k▲
Accrued charges and deferred income492/3€5k€7k▲
Income statement
Code20232024
Non-recurring operating income76A-€16k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€54k▲
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A-€923
Gross operating margin9900€76k€86k▲
Operating profit (loss)9901€27k€28k▲
Financial income75/76B€97€396▲
Recurring financial income75€91€396▲
Non-recurring financial income76B€6-
Financial charges65/66B€15k€18k▲
Recurring financial charges65€15k€18k▲
Non-recurring financial charges66B€338-
Profit (loss) for the period before taxes9903€11k€11k▼
Income taxes67/77€130€182▲
Profit (loss) for the period9904€11k€11k▼
Profit (loss) for the period to be appropriated9905€11k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-91k€-81k▲
Profit (loss) brought forward from the previous period14P€-103k€-91k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after 5 loss-making years.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has 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
4 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, Grobbendonk · 1 establishment unit since 2008
Ground area
812 m²
Building footprint
159 m²
Volume, LiDAR
1,249 m³
Parcel 13010B0151/00K000, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ELMATI
since 20082.168.262.576
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13010B0151/00K000 | Flanders | 812 m² | 1 · 159 m² | 9.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Filip Piens
BE 0668.596.551
Kruisem · Eq €53,940
SP Business SRL
BE 0785.376.930
Ath · Eq €53,952
ADR INVEST
BE 0471.364.570
Antwerpen · Eq €53,915
KyMiZa
BE 1003.863.193
Rotselaar · Eq €53,958
AXIOSGROUP
BE 1006.512.679
Aalst · Eq €53,887
Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 15,345 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.