Elmay
ActiveSummary
For Elmay, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€14,041) and a net result of €3,456. Its solvency ranks better than 9% of 2301 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability97▲+97
Solvency0=
Growth85
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2023Solvency, return and age of the figures
Solvency
-86.9%
Return on assets
21.4%
Age of the figures
33 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline29-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 25-11-2024, 117 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
117 d late
2022
263 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 190 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Turnover
€21,232▲ 32.2%
2022 · €16,058
EBIT margin
20.7%▲ 195.9pp
2022 · -175.2%
Net result
€3,456
2022 · -€28,497
Working capital
-€17,305▲ 28.6%
2022 · -€24,226
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023
Turnover€16,058-€21,232▲ 32.2%
Operating result-€28,135-€4,392
Net result-€28,497below the sector's middle half-€3,456within the sector's middle half
EBIT margin-175.2%-20.7%▲ 195.9pp
Equity-€17,497below the sector's middle half--€14,041below the sector's middle half▲ 19.8%
Total assets€7,420below the sector's middle half-€16,159below the sector's middle half▲ 118%
Debt€24,917-€30,199▲ 21.2%
Working capital-€24,226below the sector's middle half--€17,305below the sector's middle half▲ 28.6%
Solvency-235.8%below the sector's middle half--86.9%below the sector's middle half▲ 148.9pp
Current ratio0.03below the sector's middle half-0.41below the sector's middle half▲ 0.39
Return on assets (ROA)-384.0%below the sector's middle half-21.4%above the sector's middle half▲ 405.4pp
above
within
below
the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €4,392 after a loss of €28,135 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €16,159
Fixed assets
€3,953 ▼ 41.3%
Current assets
€12,206 ▲ 1,666%
Key figures and ratios
EBITDA
€6,369
Cash flow
€5,432
Debt to equity
-2.15▼
2022 · -1.42
Interest coverage
87.97
Debt ≤ 1 year
€29,511▲
2022 · €24,917
Income taxes
€864
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Turnover70 | €16,058 | €21,232 | ▲ 32.2% |
| Goods, raw materials, services and sundry goods60/61 | €43,422 | €14,432 | ▼ 66.8% |
| Remuneration, social security and pensions62 | €14 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,976 | - |
| Other operating charges640/8 | €758 | €432 | ▼ 43.0% |
| Gross operating margin9900 | -€27,364 | €6,800 | ▲ 125% |
| Operating profit (loss)9901 | -€28,135 | €4,392 | ▲ 116% |
| Financial charges65/66B | €362 | €72 | ▼ 80.0% |
| Recurring financial charges65 | €362 | €72 | ▼ 80.0% |
| Profit (loss) for the period before taxes9903 | -€28,497 | €4,320 | ▲ 115% |
| Income taxes67/77 | - | €864 | - |
| Profit (loss) for the period9904 | -€28,497 | €3,456 | ▲ 112% |
| Profit (loss) for the period to be appropriated9905 | -€28,497 | €3,456 | ▲ 112% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €7,420 | €16,159 | ▲ 118% |
| Fixed assets21/28 | €6,729 | €3,953 | ▼ 41.3% |
| Tangible fixed assets22/27 | €6,729 | €3,953 | ▼ 41.3% |
| Land and buildings22 | €800 | - | - |
| Plant, machinery and equipment23 | €5,929 | €3,953 | ▼ 33.3% |
| Current assets29/58 | €691 | €12,206 | ▲ 1,666% |
| Amounts receivable within one year40/41 | €461 | €7,440 | ▲ 1,513% |
| Trade receivables40 | - | €7,243 | - |
| Other amounts receivable41 | €461 | €197 | ▼ 57.3% |
| Cash at bank and in hand54/58 | - | €4,767 | - |
| Deferred charges and accrued income490/1 | €230 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €7,420 | €16,159 | ▲ 118% |
| Equity10/15 | -€17,497 | -€14,041 | ▲ 19.8% |
| Contributions10/11 | €11,000 | €11,000 | = |
| Capital10 | €11,000 | - | - |
| Issued capital100 | €11,000 | - | - |
| Outside capital11 | - | €11,000 | - |
| Other1109/19 | - | €11,000 | - |
| Profit (loss) carried forward14 | -€28,497 | -€25,041 | ▲ 12.1% |
| Amounts payable17/49 | €24,917 | €30,199 | ▲ 21.2% |
| Amounts payable within one year42/48 | €24,917 | €29,511 | ▲ 18.4% |
| Trade debts44 | €13,232 | €174 | ▼ 98.7% |
| Suppliers440/4 | €13,232 | €174 | ▼ 98.7% |
| Taxes, remuneration and social security45 | €100 | €864 | ▲ 765% |
| Taxes450/3 | €100 | €864 | ▲ 765% |
| Other amounts payable47/48 | €11,585 | €28,473 | ▲ 146% |
| Accrued charges and deferred income492/3 | - | €688 | - |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€28,497 | €3,456 | ▲ 112% |
| + Depreciation and write-downs630 | - | €1,976 | - |
| Operating cash flow (approximation) | -€28,497 | €5,432 | ▲ 119% |
| Investment in fixed assets (approximation) | - | €800 | - |
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
2024
25-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 117 days late
19-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 263 days late
2023
31-12
Financial
Back to profitnet €3,456
Net result €3,456 after one loss-making year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
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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 · 1 establishment unit since 2021
Ground area
256 m²
Building footprint
183 m²
Volume, LiDAR
1,360 m³
Parcel 11422C0296/00P019, Flanders · tallest building 13.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SOUANI
since 20212.320.062.826
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11422C0296/00P019 | Flanders | 256 m² | 1 · 183 m² | 13.7 m · 2 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.
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Vorselaar
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,021 companies in sector 85592 we hold annual accounts for 991. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
85592Vocational training
47241Retail sale of bread and pastry (bakery outlets)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0770942439
Also
9925:BE0770942439
Registered
31-03-2026
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.