ELMORE
ActiveSummary
ELMORE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €480,847 and a net result of €129,590. Equity is growing by ~33.4% per year across the filed fiscal years. Its solvency ranks better than 82% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability98▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 7.05 against 4.1 in 2023; short-term debt: 13.2% and cash: 83.4% of total assets), and 13.8% of the assets are financed with debt.
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Signals
Four 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
86.2%
Return on assets
23.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-05-2025, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
65 d early
2023
27 d early
2022
on the day
2021
30 d early
2020
24 d early
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€480,847▲ 36.9%
2023 · €351,257
Total assets
€557,830▲ 20.8%
2023 · €461,705
Net result
€129,590▲ 11.3%
2023 · €116,404
Working capital
€444,980▲ 34.2%
2023 · €331,486
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€59,829▼ 29.7%€51,726▼ 13.5%€155,366▲ 200%€170,256▲ 9.6%€184,069▲ 8.1%
Net result€43,303above the sector's middle half▼ 31.9%€31,259within the sector's middle half▼ 27.8%€102,197above the sector's middle half▲ 227%€116,404above the sector's middle half▲ 13.9%€129,590above the sector's middle half▲ 11.3%
Equity€143,594within the sector's middle half▲ 16.1%€150,695within the sector's middle half▲ 4.9%€234,853above the sector's middle half▲ 55.8%€351,257above the sector's middle half▲ 49.6%€480,847above the sector's middle half▲ 36.9%
Total assets€248,589within the sector's middle half▲ 37.8%€274,217within the sector's middle half▲ 10.3%€358,924above the sector's middle half▲ 30.9%€461,705above the sector's middle half▲ 28.6%€557,830above the sector's middle half▲ 20.8%
Debt€104,995▲ 85.2%€123,521▲ 17.6%€124,070▲ 0.4%€110,448▼ 11.0%€76,983▼ 30.3%
Working capital€124,289▲ 22.7%€125,962▲ 1.3%€213,507▲ 69.5%€331,486▲ 55.3%€444,980▲ 34.2%
Solvency57.8%within the sector's middle half▼ 10.8pp55.0%within the sector's middle half▼ 2.8pp65.4%within the sector's middle half▲ 10.5pp76.1%within the sector's middle half▲ 10.6pp86.2%above the sector's middle half▲ 10.1pp
Staff (FTE)0.40.1▼ 75.0%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 8% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €557,830
Fixed assets
€39,320 ▲ 68.2%
Current assets
€518,510 ▲ 18.3%
Equity and liabilities €557,830
Equity
€480,847 ▲ 36.9%
Debt
€76,983 ▼ 30.3%
Debt's share of the balance-sheet total falls from 23.9% to 13.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€190,795▲
2023 · €174,784
Cash flow
€136,315▲
2023 · €120,932
Current ratio
7.05▲
2023 · 4.10
Quick ratio
7.05▲
2023 · 4.10
Debt to equity
0.16▼
2023 · 0.31
ROE
27.0%▼
2023 · 33.1%
ROA
23.2%▼
2023 · 25.2%
Interest coverage
29.41▼
2023 · 34.72
Debt ≤ 1 year
€73,530▼
2023 · €106,843
Income taxes
€55,893▲
2023 · €51,534
Staff costs
€4,843▼
2023 · €9,400
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 31,324 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €497 | - | €15,783 | €10,196 | ▼ 35.4% |
| Remuneration, social security and pensions62 | - | - | - | €9,400 | €4,843 | ▼ 48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,203 | €5,521 | €5,056 | €4,528 | €6,725 | ▲ 48.5% |
| Other operating charges640/8 | - | €20,596 | €574 | €8,055 | €987 | ▼ 87.7% |
| Non-recurring operating charges66A | - | - | €1,416 | €677 | €0 | ▼ 100% |
| Gross operating margin9900 | €87,385 | €77,842 | €162,411 | €192,916 | €196,625 | ▲ 1.9% |
| Operating profit (loss)9901 | €59,829 | €51,726 | €155,366 | €170,256 | €184,069 | ▲ 8.1% |
| Financial income75/76B | - | €2 | - | €2,716 | €7,902 | ▲ 191% |
| Recurring financial income75 | - | €2 | - | €2,716 | €7,902 | ▲ 191% |
| Financial charges65/66B | - | €3,192 | €3,608 | €5,034 | €6,488 | ▲ 28.9% |
| Recurring financial charges65 | €796 | €3,192 | €3,608 | €5,034 | €6,488 | ▲ 28.9% |
| Profit (loss) for the period before taxes9903 | €62,168 | €48,536 | €151,758 | €167,938 | €185,483 | ▲ 10.4% |
| Income taxes67/77 | €18,865 | €17,276 | €49,561 | €51,534 | €55,893 | ▲ 8.5% |
| Profit (loss) for the period9904 | €43,303 | €31,259 | €102,197 | €116,404 | €129,590 | ▲ 11.3% |
| Transfer from tax-exempt reserves789 | - | €595 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €43,303 | €31,854 | €102,197 | €116,404 | €129,590 | ▲ 11.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €248,589 | €274,217 | €358,924 | €461,705 | €557,830 | ▲ 20.8% |
| Fixed assets21/28 | €19,305 | €24,733 | €21,346 | €23,376 | €39,320 | ▲ 68.2% |
| Tangible fixed assets22/27 | €19,305 | €24,733 | €21,346 | €23,376 | €39,320 | ▲ 68.2% |
| Land and buildings22 | - | €13,308 | €12,040 | €0 | - | - |
| Plant, machinery and equipment23 | - | €4,252 | €3,822 | €8,590 | €5,571 | ▼ 35.1% |
| Furniture and vehicles24 | - | €7,173 | €5,484 | €4,015 | €2,388 | ▼ 40.5% |
| Other tangible fixed assets26 | - | - | - | €10,771 | €31,360 | ▲ 191% |
| Current assets29/58 | €229,284 | €249,483 | €337,578 | €438,329 | €518,510 | ▲ 18.3% |
| Stocks and contracts in progress3 | - | - | €948 | €23 | €233 | ▲ 921% |
| Stocks30/36 | - | - | €948 | €23 | €233 | ▲ 921% |
| Amounts receivable within one year40/41 | €34,707 | €5,703 | €17,497 | €19,337 | €47,236 | ▲ 144% |
| Trade receivables40 | - | €4,980 | €17,497 | €19,320 | €47,236 | ▲ 144% |
| Other amounts receivable41 | - | €724 | - | €17 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €194,577 | €243,749 | €319,122 | €413,530 | €465,127 | ▲ 12.5% |
| Deferred charges and accrued income490/1 | - | €31 | €11 | €5,439 | €5,914 | ▲ 8.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €248,589 | €274,217 | €358,924 | €461,705 | €557,830 | ▲ 20.8% |
| Equity10/15 | €143,594 | €150,695 | €234,853 | €351,257 | €480,847 | ▲ 36.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €137,394 | €144,495 | €228,653 | €345,057 | €474,647 | ▲ 37.6% |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €142,635 | €228,653 | €345,057 | €474,647 | ▲ 37.6% |
| Profit (loss) carried forward14 | -€14,077 | - | - | €0 | - | - |
| Amounts payable17/49 | €104,995 | €123,521 | €124,070 | €110,448 | €76,983 | ▼ 30.3% |
| Amounts payable within one year42/48 | €104,995 | €123,521 | €124,070 | €106,843 | €73,530 | ▼ 31.2% |
| Current portion of amounts payable after more than one year42 | - | €8,800 | €5,103 | €0 | - | - |
| Financial debts43 | - | - | - | €6,759 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €6,759 | €0 | ▼ 100% |
| Trade debts44 | €4,650 | €8,108 | €8,744 | €5,898 | €8,391 | ▲ 42.3% |
| Suppliers440/4 | - | €8,108 | €8,744 | €5,898 | €8,391 | ▲ 42.3% |
| Taxes, remuneration and social security45 | - | €9,448 | €23,928 | €40,492 | €34,004 | ▼ 16.0% |
| Taxes450/3 | - | €9,448 | €23,928 | €39,180 | €34,004 | ▼ 13.2% |
| Remuneration and social security454/9 | - | - | - | €1,312 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €97,166 | €86,296 | €53,694 | €31,135 | ▼ 42.0% |
| Accrued charges and deferred income492/3 | - | - | - | €3,605 | €3,453 | ▼ 4.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,303 | €31,259 | €102,197 | €116,404 | €129,590 | ▲ 11.3% |
| + Depreciation and write-downs630 | €7,203 | €5,521 | €5,056 | €4,528 | €6,725 | ▲ 48.5% |
| Operating cash flow (approximation) | €50,506 | €36,780 | €107,253 | €120,932 | €136,315 | ▲ 12.7% |
| Investment in fixed assets (approximation) | - | -€10,949 | -€1,668 | -€6,558 | -€22,669 | ▼ 246% |
| Change in cash | - | €49,172 | €75,373 | €94,408 | €51,597 | ▼ 45.3% |
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
2026
21-09
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 14-09-2026
- Registered-office move, Robrecht van Vlaanderenlaan 111, 8200 Brugge
2025
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €129,590 ▲11.3%
Operating result €184,069, net result €129,590, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €234,853 ▲55.8%
4 profitable years in a row build equity to €234,853.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €150,695 ▲4.9%
3 profitable years in a row build equity to €150,695.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €63,590
Net result €63,590 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €123,668 ▲48.5%
Equity rises from €83,274 to €123,668.
Show earlier events
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2006
Ground area
892 m²
Building footprint
182 m²
Volume, LiDAR
827 m³
Parcel 31027D0288/00L007, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELMORE
since 20062.151.195.229
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31027D0288/00L007 | Flanders | 892 m² | 1 · 182 m² | 10.5 m · 2 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.
Public money · subsidies and aid
Flemish government
2024 · 2 entries · 3,829 EUR awarded · 3,779 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 3,829 EUR | 3,779 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
5493007LIYTFHIS7LA83
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 12,128 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
Founded10-01-2006
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
43211General electrical installation work
47742Retail sale of prescription glasses, lenses and sunglasses
55203Holiday cottages, homes and apartments
68321Property management for co-owned buildings (syndics)
74120Graphic design and visual communication
77110Renting and leasing of cars and light motor vehicles
77330Rental and leasing activities
79901Tourist information services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0878484062
Also
9925:BE0878484062
Registered
01-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.