Elmaz Group
Open bankruptcyA bankruptcy procedure is open for Elmaz Group according to publications in the Belgian State Gazette; curator: NILS VERSCHAEREN. The 2024 annual accounts show equity of €5k and a net result of €3k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 6717 sector peers (2024).
NBB · sector comparisonPosition among 6717 sector peers
Solvency
better than 18%
← weakest
strongest →
raises risk · Young company
Founded in 2024, under 3 years, statistically higher risk.
KBO · incorporation dateAge against the risk zone
Financials · fiscal year 2024, micro schema
Equity
€5k
Total assets
€139k
Net result
€3k
Working capital
€-68k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €139k
Fixed assets
€110k
Current assets
€29k
Equity and liabilities €139k
Equity
€5k
Debt
€134k
Debt finances 96.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€42k
Cash flow
€37k
Solvency
3.7%
Current ratio
0.30
Quick ratio
0.30
Debt / equity
25.85
ROE
51.8%
ROA
1.9%
Interest coverage
13.44
Debt
€134k
Debt ≤ 1 year
€97k
Debt > 1 year
€33k
Income taxes
€2k
Staff costs
€30k
Filed annual accounts
As filed with the NBB · 2024
Balance sheet
Code2024
Assets
Total assets20/58€139k
Formation expenses20€78
Fixed assets21/28€110k
Intangible fixed assets21€15k
Tangible fixed assets22/27€95k
Furniture and vehicles24€95k
Current assets29/58€29k
Amounts receivable within one year40/41€28k
Trade receivables40€11k
Other amounts receivable41€17k
Cash at bank and in hand54/58€595
Equity and liabilities
Total equity and liabilities10/49€139k
Equity10/15€5k
Contributions10/11€3k
Profit (loss) carried forward14€3k
Amounts payable17/49€134k
Amounts payable after more than one year17€33k
Financial debts170/4€33k
Amounts payable within one year42/48€97k
Current portion of amounts payable after more than one year42€13k
Trade debts44€8k
Suppliers440/4€8k
Taxes, remuneration and social security45€6k
Taxes450/3€2k
Remuneration and social security454/9€3k
Other amounts payable47/48€70k
Accrued charges and deferred income492/3€4k
Income statement
Code2024
Remuneration, social security and pensions62€30k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k
Other operating charges640/8€8k
Gross operating margin9900€80k
Operating profit (loss)9901€8k
Financial income75/76B€4
Recurring financial income75€4
Financial charges65/66B€3k
Recurring financial charges65€3k
Profit (loss) for the period before taxes9903€5k
Income taxes67/77€2k
Profit (loss) for the period9904€3k
Profit (loss) for the period to be appropriated9905€3k
Appropriation of the result
Profit (loss) to be appropriated9906€3k
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
2026
10-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · ELMAZ GROUP BV COLMAR- STRAAT 5A/201, 9100 SINT-NIKLAAS · event 06-07-2026
2025
21-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 113 days late
SignalNBB filing
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, Sint-Niklaas · 1 establishment unit since 2024
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Colmarstraat 59100 Sint-NiklaasGround area
744 m²
Building footprint
173 m²
Volume, LiDAR
1,070 m³
Parcel 46444D0734/00D000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Elmaz Group
since 20242.355.379.635
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46444D0734/00D000indicative | Flanders | 744 m² | 1 · 173 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 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 | NILS VERSCHAEREN GROTE BAAN 68, 9120 MELSELE- |
06-07-2026 → present |
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Of 6,996 companies in sector 49320 we hold annual accounts for 2,719. 1,826 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-01-2024
Fiscal year end31-12
Activities, NACEBEL
49320Non-scheduled passenger transport by road
49390Land transport and transport via pipelines
93199Other sports activities
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.