ELMECON
ActiveSummary
ELMECON has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€38,003) and a net result of -€5,235. Equity is shrinking by ~16% per year across the filed fiscal years. Its solvency ranks better than 5% of 1913 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.46 against 0.49 in 2024; short-term debt: 155% and cash: 16% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-55%
Return on assets
-7.6%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more 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 · 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 -€38,003
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 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
33 d early
2023
7 d early
2022
30 d early
2021
31 d early
2020
11 d early
2019
9 d 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 22 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€38,003▼ 16.0%
2024 · -€32,768
Total assets
€69,092▼ 2.2%
2024 · €70,637
Net result
-€5,235▲ 3.8%
2024 · -€5,441
Working capital
-€57,295▼ 8.9%
2024 · -€52,635
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€2,997▲ 57.3%€12,003-€16,690-€5,390▲ 67.7%-€5,171▲ 4.1%
Net result-€3,014▲ 52.1%€11,938-€16,744-€5,441▲ 67.5%-€5,235▲ 3.8%
Equity-€22,521▼ 15.5%-€10,583▲ 53.0%-€27,327▼ 158%-€32,768▼ 19.9%-€38,003▼ 16.0%
Total assets€75,804▲ 4.3%€88,411▲ 16.6%€69,905▼ 20.9%€70,637▲ 1.0%€69,092▼ 2.2%
Debt€98,325▲ 6.7%€98,994▲ 0.7%€97,232▼ 1.8%€103,405▲ 6.3%€107,094▲ 3.6%
Working capital-€25,923▼ 7.8%-€12,157▲ 53.1%-€27,824▼ 129%-€52,635▼ 89.2%-€57,295▼ 8.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5,171 in 2025 against €5,390 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69,092
Fixed assets
€19,293 ▼ 2.9%
Current assets
€49,799 ▼ 1.9%
Key figures and ratios
EBITDA
-€3,385▲
2024 · -€4,498
Cash flow
-€3,450▲
2024 · -€4,549
Solvency
-55.0%▼
2024 · -46.4%
Current ratio
0.46▼
2024 · 0.49
Debt to equity
-2.82▲
2024 · -3.16
ROA
-7.6%▲
2024 · -7.7%
Interest coverage
-52.14▲
2024 · -89.47
Debt ≤ 1 year
€107,094▲
2024 · €103,405
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 bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
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 | €2,600 | €2,449 | €1,077 | €892 | €1,785 | ▲ 100% |
| Other operating charges640/8 | - | €776 | €299 | €318 | €325 | ▲ 2.2% |
| Gross operating margin9900 | -€124 | €15,228 | -€15,315 | -€4,181 | -€3,061 | ▲ 26.8% |
| Operating profit (loss)9901 | -€2,997 | €12,003 | -€16,690 | -€5,390 | -€5,171 | ▲ 4.1% |
| Financial income75/76B | - | €0 | - | - | €1 | - |
| Recurring financial income75 | €1 | €0 | - | - | €1 | - |
| Financial charges65/66B | - | €65 | €54 | €50 | €65 | ▲ 29.1% |
| Recurring financial charges65 | €19 | €65 | €54 | €50 | €65 | ▲ 29.1% |
| Profit (loss) for the period before taxes9903 | -€3,014 | €11,938 | -€16,744 | -€5,441 | -€5,235 | ▲ 3.8% |
| Profit (loss) for the period9904 | -€3,014 | €11,938 | -€16,744 | -€5,441 | -€5,235 | ▲ 3.8% |
| Profit (loss) for the period to be appropriated9905 | -€3,014 | €11,938 | -€16,744 | -€5,441 | -€5,235 | ▲ 3.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,804 | €88,411 | €69,905 | €70,637 | €69,092 | ▼ 2.2% |
| Fixed assets21/28 | €3,402 | €1,573 | €496 | €19,867 | €19,293 | ▼ 2.9% |
| Tangible fixed assets22/27 | €3,402 | €1,573 | €496 | €19,867 | €19,293 | ▼ 2.9% |
| Plant, machinery and equipment23 | - | €300 | - | €19,678 | €19,293 | ▼ 2.0% |
| Furniture and vehicles24 | - | €1,273 | €496 | €189 | - | - |
| Current assets29/58 | €72,402 | €86,838 | €69,409 | €50,770 | €49,799 | ▼ 1.9% |
| Amounts receivable within one year40/41 | €27,297 | €51,740 | €32,681 | €42,529 | €36,702 | ▼ 13.7% |
| Trade receivables40 | - | €51,740 | €32,681 | €42,529 | €36,702 | ▼ 13.7% |
| Cash at bank and in hand54/58 | €43,197 | €33,162 | €34,662 | €6,674 | €11,026 | ▲ 65.2% |
| Deferred charges and accrued income490/1 | - | €1,936 | €2,066 | €1,566 | €2,071 | ▲ 32.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,804 | €88,411 | €69,905 | €70,637 | €69,092 | ▼ 2.2% |
| Equity10/15 | -€22,521 | -€10,583 | -€27,327 | -€32,768 | -€38,003 | ▼ 16.0% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | -€34,921 | -€22,983 | -€39,727 | -€45,168 | -€50,403 | ▼ 11.6% |
| Amounts payable17/49 | €98,325 | €98,994 | €97,232 | €103,405 | €107,094 | ▲ 3.6% |
| Amounts payable within one year42/48 | €98,325 | €98,994 | €97,232 | €103,405 | €107,094 | ▲ 3.6% |
| Trade debts44 | €550 | €3,680 | €2,636 | €97 | €712 | ▲ 634% |
| Suppliers440/4 | - | €3,680 | €2,636 | €97 | €712 | ▲ 634% |
| Advances received on contracts in progress46 | - | - | - | - | €1,000 | - |
| Other amounts payable47/48 | - | €95,314 | €94,597 | €103,308 | €105,383 | ▲ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,014 | €11,938 | -€16,744 | -€5,441 | -€5,235 | ▲ 3.8% |
| + Depreciation and write-downs630 | €2,600 | €2,449 | €1,077 | €892 | €1,785 | ▲ 100% |
| Operating cash flow (approximation) | -€415 | €14,386 | -€15,667 | -€4,549 | -€3,450 | ▲ 24.2% |
| Investment in fixed assets (approximation) | - | -€620 | €0 | -€20,262 | -€1,211 | ▲ 94.0% |
| Change in cash | - | -€10,035 | €1,500 | -€27,987 | €4,351 | ▲ 116% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet -€16,744
Net result drops to -€16,744, the lowest in the series; recovery starts the following year.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €11,938
Net result €11,938 after 2 loss-making years.
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €4,337
Net result €4,337 after one loss-making year.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Nijlen · 1 establishment unit since 2001
Ground area
1,821 m²
Building footprint
252 m²
Volume, LiDAR
243 m³
Parcel 12018C0370/00C000, Flanders · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Bogaertsheide(Kessel) 10, 2560 Nijlen
since 20012.093.236.244
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12018C0370/00C000 | Flanders | 1,821 m² | 1 · 252 m² | 8.2 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.
Similar companies · same sector and region
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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 3,984 companies in sector 25110 we hold annual accounts for 2,145. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded26-01-2001
Fiscal year end30-09
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
01110Growing of cereals (except rice), leguminous crops and oil seeds
25120Manufacture of fabricated metal products, except machinery and equipment
43990Other specialised construction activities
62200Computer consultancy and computer facilities management
95100Repair and maintenance of computers and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473937149
Also
9925:BE0473937149
Registered
06-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.