ELMO
ActiveELMO has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €666k and a net result of €393k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 83% of 9114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
97
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+25
Solvency100=
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 4.25 against 12.46 in 2024; short-term debt: 7.5% and cash: 24.9% of total assets), and 22.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77.2%
Return on assets
45.6%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €666k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 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
5 d late
2024
29 d late
2023
41 d late
2022
38 d early
2021
33 d early
2020
36 d early
2019
53 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€666k▲ 144%
2024 · €273k
2018: €291k
2019: €319k
2020: €295k
2021: €276k
2022: €275k
2023: €259k
2024: €273k
2018 → 2025
Total assets
€862k▲ 201%
2024 · €286k
2018: €341k
2019: €367k
2020: €342k
2021: €316k
2022: €310k
2023: €278k
2024: €286k
2018 → 2025
Net result
€393k▲ 2,768%
2024 · €14k
2018: €25k
2019: €28k
2020: €15k
2021: €23k
2022: €24k
2023: €14k
2024: €14k
2018 → 2025
Working capital
€210k▲ 64.6%
2024 · €127k
2018: €99k
2019: €127k
2020: €113k
2021: €107k
2022: €115k
2023: €106k
2024: €127k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€276k-€275k▼ 0.4%€259k▼ 5.8%€273k▲ 5.3%€666k▲ 144%
Operating result€34k-€35k▲ 5.5%€19k▼ 46.1%€16k▼ 15.2%€519k▲ 3,106%
Net result€23k-€24k▲ 5.1%€14k▼ 42.8%€14k▼ 0.7%€393k▲ 2,768%
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 recovers in 2025; 2025 is 3,106% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €862k
Fixed assets
€588k▲ 298%
Current assets
€274k▲ 97.9%
Equity and liabilities €862k
Equity
€666k▲ 144%
Provisions
€132k
Debt
€64k▲ 382%
The debt ratio rises from 4.7% to 7.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€531k▲
2024 · €24k
Cash flow
€404k▲
2024 · €22k
Solvency
77.2%▼
2024 · 95.3%
Current ratio
4.25▼
2024 · 12.46
Quick ratio
4.25▼
2024 · 12.46
Debt / equity
0.10▲
2024 · 0.05
ROE
59.0%▲
2024 · 5.0%
ROA
45.6%▲
2024 · 4.8%
Interest coverage
17693.76▲
2024 · 11.48
Debt
€64k▲
2024 · €13k
Debt ≤ 1 year
€64k▲
2024 · €11k
Income taxes
€0▼
2024 · €5k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€286k€862k▲
Fixed assets21/28€148k€588k▲
Tangible fixed assets22/27€148k€588k▲
Land and buildings22€148k€588k▲
Current assets29/58€139k€274k▲
Amounts receivable within one year40/41€9k€10k▲
Trade receivables40€1k€4k▲
Other amounts receivable41€8k€6k▼
Current investments50/53€0-
Cash at bank and in hand54/58€98k€215k▲
Deferred charges and accrued income490/1€32k€50k▲
Equity and liabilities
Total equity and liabilities10/49€286k€862k▲
Equity10/15€273k€666k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€211k€604k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132-€396k
Distributable reserves133€205k€202k▼
Profit (loss) carried forward14€0-
Provisions and deferred taxes16-€132k
Deferred taxes168-€132k
Amounts payable17/49€13k€64k▲
Amounts payable within one year42/48€11k€64k▲
Trade debts44€11k€47k▲
Suppliers440/4€11k€47k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45-€18k
Taxes450/3-€18k
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Non-recurring operating income76A-€537k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€12k▲
Other operating charges640/8€12k€13k▲
Gross operating margin9900€36k€543k▲
Operating profit (loss)9901€16k€519k▲
Financial income75/76B€4k€6k▲
Recurring financial income75€4k€6k▲
Financial charges65/66B€2k€30▼
Recurring financial charges65€2k€30▼
Profit (loss) for the period before taxes9903€18k€525k▲
Transfer from deferred taxes780-€1k
Transfer to deferred taxes680-€133k
Income taxes67/77€5k€0▼
Profit (loss) for the period9904€14k€393k▲
Transfer from tax-exempt reserves789-€3k
Transfer to tax-exempt reserves689-€399k
Profit (loss) for the period to be appropriated9905€14k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€-3k▼
Transfer from equity791/2€0€3k▲
Transfer to equity691/2€14k€0▼
To other reserves6921€14k€0▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
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
Next filing, fiscal year 2026, expected by
2026
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 5 days late
19-03
State Gazette act
General meeting · Board meeting
Director resignation · Director appointment
2025
31-12
Financial
Highest result since 2018net €393k ▲2768%
Operating result €519k, net result €393k, both a record.
31-12
Financial
Equity above €500kEq €666k ▲144%
8 profitable years in a row build equity to €666k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €14k ▼0.7%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 41 days late
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Ardooie · 1 establishment unit since 2023
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.
Knijffelingstraat 158851 ArdooieGround area
7,899 m²
Building footprint
530 m²
Parcel 37005C0830/00C000, Flanders. Linked by address, not a title deed.
1 establishment unit
Elmo NV
since 20232.355.208.302
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37005C0830/00C000 | Flanders | 7,899 m² | 1 · 530 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
4 connected companiesNetwork connections
Shared director
→
Shared director
→
Shared director
→
Shared director
→
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Thom Patrimoine
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Altypo
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LAVIN
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Of 9,134 companies in sector 68201 we hold annual accounts for 6,762. 4,995 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-10-1987
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.