ELMEC
ActiveSummary
ELMEC has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€6,486) and a net result of -€4,141. Equity is shrinking by ~50.1% per year across the filed fiscal years. Its solvency ranks better than 9% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability26=
Solvency20▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.0 against 0.0 in 2024; short-term debt: 72.7% and cash: 0.3% of total assets), and equity is negative.
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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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
-5.1%
Return on assets
-3.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€6,486
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
29 d late
2022
31 d late
2021
29 d late
2020
26 d late
2019
59 d late
← 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 33 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€6,486▼ 177%
2024 · -€2,345
Total assets
€126,107▼ 3.6%
2024 · €130,817
Net result
-€4,141▲ 6.5%
2024 · -€4,431
Working capital
-€91,422▼ 8.4%
2024 · -€84,373
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line20212022202320242025
Operating result-€2,004▼ 47.5%-€2,019▼ 0.7%-€1,474▲ 27.0%-€2,707▼ 83.6%-€1,993▲ 26.4%
Net result-€4,556below the sector's middle half▼ 5.2%-€5,100below the sector's middle half▼ 11.9%-€3,847below the sector's middle half▲ 24.6%-€4,431below the sector's middle half▼ 15.2%-€4,141below the sector's middle half▲ 6.5%
Equity€11,033below the sector's middle half▼ 29.2%€5,933below the sector's middle half▼ 46.2%€2,086below the sector's middle half▼ 64.8%-€2,345below the sector's middle half-€6,486below the sector's middle half▼ 177%
Total assets€146,775within the sector's middle half▼ 2.9%€141,662within the sector's middle half▼ 3.5%€136,762within the sector's middle half▼ 3.5%€130,817within the sector's middle half▼ 4.3%€126,107within the sector's middle half▼ 3.6%
Debt€135,742▲ 0.1%€135,729=€134,676▼ 0.8%€133,162▼ 1.1%€132,593▼ 0.4%
Working capital-€63,007▼ 9.8%-€71,032▼ 12.7%-€77,281▼ 8.8%-€84,373▼ 9.2%-€91,422▼ 8.4%
Solvency7.5%below the sector's middle half▼ 2.8pp4.2%below the sector's middle half▼ 3.3pp1.5%below the sector's middle half▼ 2.7pp-1.8%below the sector's middle half▼ 3.3pp-5.1%below the sector's middle half▼ 3.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,993 in 2025 against €2,707 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €126,107
Fixed assets
€125,791 ▼ 3.8%
Current assets
€316 ▲ 1,069%
Key figures and ratios
EBITDA
€3,007▲
2024 · €2,293
Cash flow
€859▲
2024 · €569
Current ratio
0.00▲
2024 · 0.00
Debt to equity
-20.44▲
2024 · -56.79
ROA
-3.3%▲
2024 · -3.4%
Interest coverage
1.40▲
2024 · 1.33
Debt ≤ 1 year
€91,737▲
2024 · €84,400
Debt > 1 year
€40,855▼
2024 · €48,762
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,798 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 2.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,798 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Other operating charges640/8 | €2,661 | €2,573 | €1,866 | €3,058 | €2,248 | ▼ 26.5% |
| Gross operating margin9900 | €5,657 | €5,554 | €5,392 | €5,351 | €5,255 | ▼ 1.8% |
| Operating profit (loss)9901 | -€2,004 | -€2,019 | -€1,474 | -€2,707 | -€1,993 | ▲ 26.4% |
| Financial charges65/66B | €2,552 | €3,081 | €2,373 | €1,724 | €2,148 | ▲ 24.6% |
| Recurring financial charges65 | €2,552 | €3,081 | €2,373 | €1,724 | €2,148 | ▲ 24.6% |
| Profit (loss) for the period before taxes9903 | -€4,556 | -€5,100 | -€3,847 | -€4,431 | -€4,141 | ▲ 6.5% |
| Profit (loss) for the period9904 | -€4,556 | -€5,100 | -€3,847 | -€4,431 | -€4,141 | ▲ 6.5% |
| Profit (loss) for the period to be appropriated9905 | -€4,556 | -€5,100 | -€3,847 | -€4,431 | -€4,141 | ▲ 6.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €146,775 | €141,662 | €136,762 | €130,817 | €126,107 | ▼ 3.6% |
| Fixed assets21/28 | €145,790 | €140,790 | €135,790 | €130,790 | €125,791 | ▼ 3.8% |
| Intangible fixed assets21 | €5,740 | €5,740 | €5,740 | €5,740 | €5,741 | = |
| Tangible fixed assets22/27 | €140,000 | €135,000 | €130,000 | €125,000 | €120,000 | ▼ 4.0% |
| Land and buildings22 | €140,000 | €135,000 | €130,000 | €125,000 | €120,000 | ▼ 4.0% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €985 | €872 | €972 | €27 | €316 | ▲ 1,069% |
| Cash at bank and in hand54/58 | €985 | €872 | €972 | €27 | €316 | ▲ 1,069% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €146,775 | €141,662 | €136,762 | €130,817 | €126,107 | ▼ 3.6% |
| Equity10/15 | €11,033 | €5,933 | €2,086 | -€2,345 | -€6,486 | ▼ 177% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €11,302 | €11,302 | €11,302 | €11,302 | €11,302 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €9,443 | €9,443 | €9,443 | €9,443 | €9,443 | = |
| Profit (loss) carried forward14 | -€18,861 | -€23,961 | -€27,808 | -€32,239 | -€36,380 | ▼ 12.8% |
| Amounts payable17/49 | €135,742 | €135,729 | €134,676 | €133,162 | €132,593 | ▼ 0.4% |
| Amounts payable after more than one year17 | €70,976 | €63,825 | €56,423 | €48,762 | €40,855 | ▼ 16.2% |
| Financial debts170/4 | €70,976 | €63,825 | €56,423 | €48,762 | €40,855 | ▼ 16.2% |
| Amounts payable within one year42/48 | €63,992 | €71,904 | €78,253 | €84,400 | €91,737 | ▲ 8.7% |
| Current portion of amounts payable after more than one year42 | €6,789 | €7,152 | €8,007 | €7,661 | €7,929 | ▲ 3.5% |
| Trade debts44 | €1,055 | €758 | €346 | €1,587 | €876 | ▼ 44.8% |
| Suppliers440/4 | €1,055 | €758 | €346 | €1,587 | €876 | ▼ 44.8% |
| Other amounts payable47/48 | €56,148 | €63,994 | €69,900 | €75,152 | €82,932 | ▲ 10.4% |
| Accrued charges and deferred income492/3 | €774 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,556 | -€5,100 | -€3,847 | -€4,431 | -€4,141 | ▲ 6.5% |
| + Depreciation and write-downs630 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Operating cash flow (approximation) | €444 | -€100 | €1,153 | €569 | €859 | ▲ 50.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€1 | - |
| Change in cash | - | -€113 | €100 | -€945 | €289 | ▲ 131% |
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
Next filing, fiscal year 2026, expected by
2026
16-09
State Gazette act
General meeting · Director reappointment
Other statement · Director resignation
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 22 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
State Gazette actNBB filing
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Gent · 1 establishment unit since 1983
Ground area
1,473 m²
Building footprint
248 m²
Volume, LiDAR
1,102 m³
Parcel 44051B0644/00K000, Flanders · tallest building 13.9 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Drieselstraat 53, 9041 Gent
since 19832.022.377.744
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44051B0644/00K000 | Flanders | 1,473 m² | 1 · 248 m² | 13.8 m · 1 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.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 8,726 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded18-02-1983
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0424019959
Also
9925:BE0424019959
Registered
18-09-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.