ELMO
ActiveSummary
ELMO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51k and a net result of €-27k. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 42% of 4659 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▼-61
Solvency41▼-10
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.87 against 1.42 in 2024; short-term debt: 30.1% and cash: 6.2% of total assets), and 83.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
16.4%
Return on assets
-8.7%
Age of the figures
9 mo
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 d early
2024
60 d late
2023
48 d early
2022
33 d early
2021
8 d early
2020
19 d late
2019
17 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€51k▼ 34.7%
2024 · €79k
2018: €33klowest in 8 years
2019: €34k▲ +2.1% vs 2018
2020: €36k▲ +5.7% vs 2019
2021: €45k▲ +26.7% vs 2020
2022: €48k▲ +4.7% vs 2021
2023: €58k▲ +22.1% vs 2022
2024: €79k▲ +35.6% vs 2023highest in 8 years
2025: €51k▼ -34.7% vs 2024
2018 → 2025
Total assets
€314k▲ 3.2%
2024 · €305k
2018: €257k
2019: €228k▼ -11.2% vs 2018
2020: €211k▼ -7.5% vs 2019
2021: €211k▲ +0.2% vs 2020
2022: €194k▼ -8.0% vs 2021
2023: €192k▼ -1.1% vs 2022lowest in 8 years
2024: €305k▲ +58.4% vs 2023
2025: €314k▲ +3.2% vs 2024highest in 8 years
2018 → 2025
Net result
€-27k
2024 · €21k
2018: €12k
2019: €699▼ -94.2% vs 2018
2020: €2k▲ +175% vs 2019
2021: €10k▲ +399% vs 2020
2022: €2k▼ -77.9% vs 2021
2023: €11k▲ +395% vs 2022
2024: €21k▲ +96.9% vs 2023highest in 8 years
2025: €-27k▼ -232% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-12k
2024 · €32k
2018: €-10k
2019: €-6k▲ +40.2% vs 2018
2020: €11k▲ +272% vs 2019
2021: €23k▲ +119% vs 2020
2022: €22k▼ -6.5% vs 2021
2023: €23k▲ +6.9% vs 2022
2024: €32k▲ +38.0% vs 2023highest in 8 years
2025: €-12k▼ -137% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€45k-€48k▲ 4.7%€58k▲ 22.1%€79k▲ 35.6%€51k▼ 34.7%
2021: €45klowest in 5 years
2022: €48k▲ +4.7% vs 2021
2023: €58k▲ +22.1% vs 2022
2024: €79k▲ +35.6% vs 2023highest in 5 years
2025: €51k▼ -34.7% vs 2024
Operating result€13k-€7k▼ 51.5%€19k▲ 193%€41k▲ 115%€-20k
2021: €13k
2022: €7k▼ -51.5% vs 2021
2023: €19k▲ +193% vs 2022
2024: €41k▲ +115% vs 2023highest in 5 years
2025: €-20k▼ -149% vs 2024lowest in 5 years
Net result€10k-€2k▼ 77.9%€11k▲ 395%€21k▲ 96.9%€-27k
2021: €10k
2022: €2k▼ -77.9% vs 2021
2023: €11k▲ +395% vs 2022
2024: €21k▲ +96.9% vs 2023highest in 5 years
2025: €-27k▼ -232% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €20k after €41k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €314k
Fixed assets
€232k ▲ 18.7%
Current assets
€83k ▼ 24.4%
Equity and liabilities €314k
Equity
€51k ▼ 34.7%
Debt
€263k ▲ 16.4%
Debt's share of the balance-sheet total rises from 74.1% to 83.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€7k▼
2024 · €79k
Cash flow
€83▼
2024 · €59k
Current ratio
0.87▼
2024 · 1.42
Quick ratio
0.30▲
2024 · 0.27
Debt to equity
5.11▲
2024 · 2.86
ROE
-53.0%▼
2024 · 26.2%
ROA
-8.7%▼
2024 · 6.8%
Interest coverage
1.01▼
2024 · 9.19
Debt ≤ 1 year
€95k▲
2024 · €77k
Debt > 1 year
€168k▲
2024 · €149k
Income taxes
€0▼
2024 · €12k
Staff costs
€125k▲
2024 · €80k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€305k€314k▲
Fixed assets21/28€195k€232k▲
Tangible fixed assets22/27€195k€232k▲
Land and buildings22€175k€189k▲
Plant, machinery and equipment23€15k€40k▲
Furniture and vehicles24€5k€3k▼
Current assets29/58€109k€83k▼
Stocks and contracts in progress3€89k€54k▼
Stocks30/36€89k€54k▼
Amounts receivable within one year40/41€975€8k▲
Trade receivables40€933€3k▲
Other amounts receivable41€42€5k▲
Cash at bank and in hand54/58€19k€19k▲
Deferred charges and accrued income490/1€530€1k▲
Equity and liabilities
Total equity and liabilities10/49€305k€314k▲
Equity10/15€79k€51k▼
Contributions10/11€19k€19k=
Reserves13€60k€60k=
Distributable reserves133€60k€60k=
Profit (loss) carried forward14-€-27k
Amounts payable17/49€226k€263k▲
Amounts payable after more than one year17€149k€168k▲
Financial debts170/4€149k€168k▲
Amounts payable within one year42/48€77k€95k▲
Current portion of amounts payable after more than one year42€17k€20k▲
Financial debts43€135€256▲
Credit institutions430/8€135€256▲
Trade debts44€7k€841▼
Suppliers440/4€7k€841▼
Taxes, remuneration and social security45€21k€29k▲
Taxes450/3€21k€12k▼
Remuneration and social security454/9-€16k
Other amounts payable47/48€33k€44k▲
Income statement
Code20242025
Remuneration, social security and pensions62€80k€125k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€27k▼
Other operating charges640/8€4k€16k▲
Gross operating margin9900€164k€148k▼
Operating profit (loss)9901€41k€-20k▼
Financial income75/76B€126€0▼
Recurring financial income75€126€0▼
Financial charges65/66B€9k€7k▼
Recurring financial charges65€9k€7k▼
Profit (loss) for the period before taxes9903€33k€-27k▼
Income taxes67/77€12k€0▼
Profit (loss) for the period9904€21k€-27k▼
Profit (loss) for the period to be appropriated9905€21k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€-27k▼
Transfer to equity691/2€21k€0▼
To contributions691-€0
To other reserves6921€21k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €48k | €84k | €96k | €80k | €125k | ▲ 55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €23k | €19k | €38k | €27k | ▼ 28.4% |
| Other operating charges640/8 | €3k | €2k | €2k | €4k | €16k | ▲ 261% |
| Gross operating margin9900 | €86k | €116k | €136k | €164k | €148k | ▼ 9.8% |
| Operating profit (loss)9901 | €13k | €7k | €19k | €41k | €-20k | ▼ 149% |
| Financial income75/76B | €30 | €0 | €8 | €126 | €0 | ▼ 100% |
| Recurring financial income75 | €30 | €0 | €8 | €126 | €0 | ▼ 100% |
| Financial charges65/66B | €3k | €3k | €3k | €9k | €7k | ▼ 15.6% |
| Recurring financial charges65 | €3k | €3k | €3k | €9k | €7k | ▼ 15.6% |
| Profit (loss) for the period before taxes9903 | €10k | €4k | €16k | €33k | €-27k | ▼ 184% |
| Income taxes67/77 | €650 | €2k | €6k | €12k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €10k | €2k | €11k | €21k | €-27k | ▼ 232% |
| Profit (loss) for the period to be appropriated9905 | €10k | €2k | €11k | €21k | €-27k | ▼ 232% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €211k | €194k | €192k | €305k | €314k | ▲ 3.2% |
| Fixed assets21/28 | €128k | €114k | €109k | €195k | €232k | ▲ 18.7% |
| Tangible fixed assets22/27 | €128k | €114k | €109k | €195k | €232k | ▲ 18.7% |
| Land and buildings22 | €116k | €102k | €87k | €175k | €189k | ▲ 8.1% |
| Plant, machinery and equipment23 | €4k | €12k | €13k | €15k | €40k | ▲ 171% |
| Furniture and vehicles24 | €7k | €1k | €9k | €5k | €3k | ▼ 52.0% |
| Current assets29/58 | €84k | €80k | €83k | €109k | €83k | ▼ 24.4% |
| Stocks and contracts in progress3 | €60k | €67k | €62k | €89k | €54k | ▼ 38.9% |
| Stocks30/36 | €60k | €67k | €62k | €89k | €54k | ▼ 38.9% |
| Amounts receivable within one year40/41 | €2k | €2k | €2k | €975 | €8k | ▲ 696% |
| Trade receivables40 | €2k | €2k | €2k | €933 | €3k | ▲ 196% |
| Other amounts receivable41 | - | - | €219 | €42 | €5k | ▲ 11,934% |
| Cash at bank and in hand54/58 | €20k | €10k | €18k | €19k | €19k | ▲ 0.7% |
| Deferred charges and accrued income490/1 | €1k | €1k | €2k | €530 | €1k | ▲ 156% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €211k | €194k | €192k | €305k | €314k | ▲ 3.2% |
| Equity10/15 | €45k | €48k | €58k | €79k | €51k | ▼ 34.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €27k | €29k | €40k | €60k | €60k | = |
| Non-distributable reserves130/1 | €1k | €1k | €1k | - | - | - |
| Reserves not available under the articles1311 | €1k | €1k | €1k | - | - | - |
| Distributable reserves133 | €26k | €28k | €38k | €60k | €60k | = |
| Profit (loss) carried forward14 | - | - | - | - | €-27k | - |
| Amounts payable17/49 | €166k | €147k | €134k | €226k | €263k | ▲ 16.4% |
| Amounts payable after more than one year17 | €106k | €89k | €74k | €149k | €168k | ▲ 13.2% |
| Financial debts170/4 | €106k | €89k | €74k | €149k | €168k | ▲ 13.2% |
| Amounts payable within one year42/48 | €60k | €58k | €60k | €77k | €95k | ▲ 22.7% |
| Current portion of amounts payable after more than one year42 | €20k | €20k | €15k | €17k | €20k | ▲ 21.2% |
| Financial debts43 | - | - | - | €135 | €256 | ▲ 89.8% |
| Credit institutions430/8 | - | - | - | €135 | €256 | ▲ 89.8% |
| Trade debts44 | €6k | €6k | €14k | €7k | €841 | ▼ 87.3% |
| Suppliers440/4 | €6k | €6k | €14k | €7k | €841 | ▼ 87.3% |
| Taxes, remuneration and social security45 | €16k | €17k | €26k | €21k | €29k | ▲ 39.7% |
| Taxes450/3 | €5k | €10k | €10k | €21k | €12k | ▼ 40.5% |
| Remuneration and social security454/9 | €11k | €7k | €16k | - | €16k | - |
| Other amounts payable47/48 | €18k | €16k | €5k | €33k | €44k | ▲ 34.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €2k | €11k | €21k | €-27k | ▼ 232% |
| + Depreciation and write-downs630 | €22k | €23k | €19k | €38k | €27k | ▼ 28.4% |
| Operating cash flow (approximation) | €31k | €25k | €30k | €59k | €83 | ▼ 99.9% |
| Investment in fixed assets (approximation) | - | €-9k | €-14k | €-125k | €-64k | ▲ 48.7% |
| Change in cash | - | €-10k | €8k | €1k | €132 | ▼ 88.8% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Highest result since 2018net €21k ▲96.9%
Operating result €41k, net result €21k, both a record.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Turnhout · 2 establishment units since 1997
Ground area
819 m²
Building footprint
241 m²
Volume, LiDAR
1,734 m³
2 parcels, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
ELMO
since 19972.080.467.579
Elmo
since 20102.205.034.286
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049A0325/00N000 | Flanders | 560 m² | 1 · 113 m² | 10.6 m · 3 fl. |
| 13454P0184/00T003 | Flanders | 259 m² | 1 · 128 m² | 10.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 9,212 EUR awarded · 9,212 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 7,038 EUR | 7,038 EUR |
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 2 | 551 EUR | 551 EUR |
| 2022 | 2 | 623 EUR | 623 EUR |
Schemes
Individueel Maatwerk
Hinderpremie bij openbare werken
Stagebonus (stopgezet)
Premie kwalificerend werkplekleren
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
3 endedSchoonheidsspecialiste (so)
Schoonheidsspecialiste (so)
Schoonheidsspecialiste (so)
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Of 24,855 companies in sector 96220 we hold annual accounts for 1,439. 1,131 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
Founded19-09-1996
Fiscal year end31-12
Activities, NACEBEL 2025
96220Beauty care and other beauty treatments
Scores and ratios are computed by Checked and are not a credit decision.