ELMI
ActiveELMI has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €77k and a net result of €-27k. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 22% of 9623 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
42
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability16▼-49
Solvency40▼-17
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity tight (current ratio 1.36 against 1.68 in 2023; short-term debt: 30.7% and cash: 6.7% of total assets), and 84.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
15.2%
Return on assets
-5.3%
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 22% of 9623 sector peers (2024).
NBB · sector comparisonPosition among 9623 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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
not confirmed
2024
56 d late
2023
26 d late
2022
3 d early
2021
30 d late
2020
27 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€77k▼ 25.9%
2023 · €103k
2018: €-7k
2019: €-2k
2020: €69k
2021: €84k
2022: €95k
2023: €103k
2018 → 2024
Total assets
€504k▲ 53.9%
2023 · €327k
2018: €312k
2019: €313k
2020: €222k
2021: €219k
2022: €276k
2023: €327k
2018 → 2024
Net result
€-27k
2023 · €19k
2018: €3k
2019: €5k
2020: €71k
2021: €15k
2022: €11k
2023: €19k
2018 → 2024
Working capital
€56k▼ 46.7%
2023 · €105k
2018: €37k
2019: €81k
2020: €41k
2021: €77k
2022: €108k
2023: €105k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€69k-€84k▲ 22.2%€95k▲ 12.9%€103k▲ 9.3%€77k▼ 25.9%
Operating result€109k-€24k▼ 78.4%€24k▲ 1.5%€34k▲ 41.9%€-9k
Net result€71k-€15k▼ 78.6%€11k▼ 28.8%€19k▲ 73.3%€-27k
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 turns negative in 2024: a loss of €9k after €34k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €504k
Fixed assets
€293k▲ 333%
Current assets
€211k▼ 18.8%
Equity and liabilities €504k
Equity
€77k▼ 25.9%
Provisions
€25k▼ 1.6%
Debt
€402k▲ 103%
The debt ratio rises from 60.7% to 79.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€8k▼
2023 · €48k
Cash flow
€-10k▼
2023 · €33k
Solvency
15.2%▼
2023 · 31.6%
Current ratio
1.36▼
2023 · 1.68
Quick ratio
0.51▼
2023 · 0.54
Debt / equity
5.25▲
2023 · 1.92
ROE
-34.9%▼
2023 · 18.2%
ROA
-5.3%▼
2023 · 5.7%
Interest coverage
0.44▼
2023 · 4.65
Debt
€402k▲
2023 · €199k
Debt ≤ 1 year
€155k▲
2023 · €155k
Debt > 1 year
€235k▲
2023 · €31k
Income taxes
€209▼
2023 · €5k
Staff costs
€41k▲
2023 · €34k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€327k€504k▲
Fixed assets21/28€68k€293k▲
Intangible fixed assets21€17k€7k▼
Tangible fixed assets22/27€51k€286k▲
Land and buildings22€45k€283k▲
Plant, machinery and equipment23€5k€2k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€259k€211k▼
Stocks and contracts in progress3€176k€132k▼
Stocks30/36€176k€132k▼
Amounts receivable within one year40/41€6k€22k▲
Trade receivables40-€6k
Other amounts receivable41€6k€17k▲
Current investments50/53€1k€3k▲
Cash at bank and in hand54/58€44k€34k▼
Deferred charges and accrued income490/1€33k€19k▼
Equity and liabilities
Total equity and liabilities10/49€327k€504k▲
Equity10/15€103k€77k▼
Contributions10/11€6k€6k=
Reserves13€86k€84k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€84k€83k▼
Profit (loss) carried forward14€12k€-14k▼
Provisions and deferred taxes16€25k€25k▼
Deferred taxes168€25k€25k▼
Amounts payable17/49€199k€402k▲
Amounts payable after more than one year17€31k€235k▲
Financial debts170/4€31k€235k▲
Amounts payable within one year42/48€155k€155k▲
Financial debts43€57k€69k▲
Credit institutions430/8€50k€50k=
Other loans439€7k€19k▲
Trade debts44€56k€63k▲
Suppliers440/4€56k€63k▲
Advances received on contracts in progress46€11k-
Taxes, remuneration and social security45€21k€15k▼
Taxes450/3€18k€12k▼
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€10k€8k▼
Accrued charges and deferred income492/3€13k€12k▼
Income statement
Code20232024
Remuneration, social security and pensions62€34k€41k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€17k▲
Other operating charges640/8€12k€37k▲
Gross operating margin9900€94k€86k▼
Operating profit (loss)9901€34k€-9k▼
Financial income75/76B€88€59▼
Recurring financial income75€88€59▼
Financial charges65/66B€10k€18k▲
Recurring financial charges65€10k€18k▲
Profit (loss) for the period before taxes9903€24k€-27k▼
Transfer from deferred taxes780€142€397▲
Income taxes67/77€5k€209▼
Profit (loss) for the period9904€19k€-27k▼
Transfer from tax-exempt reserves789€427€1k▲
Profit (loss) for the period to be appropriated9905€19k€-26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€-14k▼
Profit (loss) brought forward from the previous period14P€2k€12k▲
Profit to be distributed694/7€10k-
Directors or managers695€10k-
Social balance
Average headcount (FTE)90870.91.1▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 56 days late
2024
31-12
Financial
Weakest financial yearnet €-27k ▼242%
Net result drops to €-27k, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-12
Financial
Equity above €100kEq €103k ▲9.3%
6 profitable years in a row build equity to €103k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Highest result since 2018net €71k ▲1419%
Operating result €109k, net result €71k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 3.40
Current ratio from 1.61 to 3.40; short-term debt falls from €61k to €34k.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
13-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 44 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Antwerpen · 2 establishment units since 2004
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.
Herentalsebaan 2232100 AntwerpenGround area
578 m²
Building footprint
478 m²
Volume, LiDAR
3,624 m³
2 parcels, Flanders · tallest building 14.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
ELMI
since 20042.137.527.137
Fietsen INFINI3
since 20242.357.059.814
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11346B1016/00A008 | Flanders | 395 m² | 1 · 395 m² | 14.7 m · 3 fl. |
| 11345B0200/00Y021 | Flanders | 183 m² | 1 · 83 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.137.527.137
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TULITU
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HET BOEK JUNIOR
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LIBRAIRIE DE LA SENNETTE
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Of 2,348 companies in sector 47621 we hold annual accounts for 1,246. 1,102 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-06-2004
Fiscal year end31-12
Activities, NACEBEL
47620Retail trade
47621Retail sale of newspapers and periodicals
47632Retail sale of bicycles
47785Retail trade
52470
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0477/560302