Turnover
≈ €260,000 estimated
The micro format states no turnover.
ELMO
Lifetime
20 annual accounts with figures on one time axis, 29 filings since 1997peak €163,932 (2024)
€147,860▼ 9.8%
lowest -€27,796 (2010)
-€27,311▼ €47,997
peak €78,804 (2024)
€51,493▼ 34.7%
€262,883▲ 16.4%
peak 5.4 FTE (2015)
-not published
Board1 name since 1996
1 directorMertens Els
Documentsfilings and deeds
23-07-20268 days before the deadline
2025micro format
Loss of €27,311Equity from €78,804 to €51,493Debts from €225,753 to €262,883Investments €63,905
Key points
from the 2025 annual accountsDebts
€262,883 84% of the balance sheet
Financial debts 64%Suppliers 0%Taxes and wages 11%Other 25%
Of this, €94,504 falls due within a year.
Investments
€63,905 2.3 × depreciation
Green is investment, beige is depreciation. Machinery stands 170.5% higher than in 2024.
Liquidity
0.87 was 1.42 in 2024
Short-term debts rose from €77,008 to €94,504.
Filings
29 annual accounts since 1997
Five of the last ten came late. The 2024 accounts came latest: 60 days after the end of the period.
Position in the sector
-€27,311
Lower net result than 95% of companies in personal services. Sector median €2,797 · 5,760 companies.
Checked score
66
Healthy
Financially stronger than 30% of micro companies in personal services (NACE 96)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 7,626 companies (NACE 96, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.2 percentage points vs 06-2025
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025
09-2025: 0.8%▲ +0.2 percentage points vs 08-2025
10-2025: 0.4%▼ -0.4 percentage points vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.9%▲ +0.5 percentage points vs 07-2026highest value
09-2026: 0.9%● unchanged vs 08-2026highest value
10-2026: 0.9%● unchanged vs 09-2026highest value
11-2026: 0.9%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €27,311 (financial year 2025)
1 of the last 3 accounts late
lowers risk
Size: total assets €314,376
Founded in 1996
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 96, micro). It does better than 42% of them on solvency, 37% on liquidity, 23% on profitability and 17% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,450 companies had the same profile as ELMO has now. Each dot stands for 7 companies, two years later.
93.2%
were still trading
5.0%
stopped another way
1.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ELMO itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,450 companies, not a prediction for ELMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.87 (1.42 in 2024), below 1. Short-term debt is 30.1% and cash 6.2% of total assets. 83.6% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 days early
2024
60 days late
2023
48 days early
2022
33 days early
2021
8 days early
2020
19 days late
2019
17 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 96), the median for financial year 2024 was on the deadline day, and 48% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 July (4 of the last 5 accounts filed within 39 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Resignation: Mertens Els (director)
Reappointment: Mertens Els (director) · “Tussenpersoon voor verzekeringen en leningen; Studie-,organisatie-,raadgevend bureau inzake…” (deed in Dutch) · General meeting of 26-10-2023 · Gazette deed
New establishment in Malle
Antwerpsesteenweg 164
First establishment
Kongostraat 2, Turnhout
Incorporation
published on 02-10-1996 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ELMO Turnhout | €314,376 | €147,860 | 16.4% | - |
| SKINCENTERS ANTWERPEN Antwerp | €280,172 | €207,238 | 39.6% | 1.9 |
| ZAZA PRODUCTIONS Antwerp | €273,104 | €89,959 | 67.0% | - |
| Parfumerie Aura Kapellen | €236,973 | €108,171 | 66.7% | 1.7 |
| ANGELIQUE Edegem | €200,448 | €143,076 | 43.1% | - |
| Voetnood* podologisch centrum Stabroek | €410,057 | €171,521 | 51.6% | - |
| AU PARFUM DES SENS Chimay | €351,409 | €106,186 | 66.6% | - |
These companies have the same main activity as ELMO: beauty care and other beauty treatments (NACE 96220). They are comparable in size and age: total assets between €200,000 and €410,000, founded between 1996 and 2004.
Official details
Source: KBO- Status
- Active since 19-09-1996Normal situation
- Activity
- Beauty care and other beauty treatmentsNACE 96220
- Joint committee
- 314Hairdressing and beauty care · annual accounts 2024
- Establishment units
- 2.080.467.5792300 Turnhout, since 14-02-1997
- 2.205.034.2862390 Malle, since 07-05-2010
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €314,376▲ 3.2%
- Filing
- Filed on 23-07-2026, 8 days before the end of the filing period
Insights on ELMO
ELMO files the micro format. That format states no turnover. The gross margin rose from €64,945 in 2006 to €147,860 in 2025.
The balance sheet grew most in 2016 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ELMO
- What is the company number of ELMO?
- The company number of ELMO is 0458.840.979. The VAT number is the same number with BE in front: BE 0458.840.979.
- Where is ELMO based?
- The registered office is at Kongostraat 2, 2300 Turnhout.Company details
- What does ELMO do?
- According to the KBO register, the main activity is beauty care and other beauty treatments (NACE 96220).
- What is the legal form of ELMO?
- ELMO is a private limited company (BV).
- When was ELMO founded?
- ELMO was founded on 19-09-1996.
- Is ELMO still active?
- Yes, ELMO is an active enterprise in the KBO register.
- How many employees does ELMO have?
- ELMO had an average of 2.5 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does ELMO fall under?
- In its 2024 annual accounts, ELMO states joint committee 314 (Hairdressing and beauty care).
- What is the turnover of ELMO?
- The turnover in financial year 2025 is ≈ €260,000. This figure is estimated from the gross margin of €147,860 and 38 comparable companies (NACE 96). It probably lies between €190,000 and €300,000.
- Is ELMO profitable?
- In financial year 2025, ELMO made a loss of €27,311.
- Where can I find the annual accounts of ELMO?
- ELMO filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ELMO due?
- ELMO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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