ELMOTECH
Open bankruptcyA bankruptcy procedure is open for ELMOTECH according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €20k and a net result of €155k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 7446 sector peers (2024).
NBB · sector comparisonPosition among 7446 sector peers
Solvency
better than 7%
← weakest
strongest →
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 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
23 d early
2022
43 d early
2021
45 d early
2020
52 d early
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€1.18M
EBIT margin
7.2%
Net result
€155k▲ 1,676%
2023 · €9k
2018: €12k
2019: €66k
2020: €-102k
2021: €21k
2022: €6k
2023: €9k
2018 → 2024
Working capital
€-2k▲ 86.2%
2023 · €-13k
2018: €16k
2019: €60k
2020: €-49k
2021: €-26k
2022: €-25k
2023: €-13k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-22k-€-789▲ 96.4%€6k€14k▲ 155%€20k▲ 42.8%
Operating result€-100k-€37k€42k▲ 14.1%€16k▼ 61.8%€200k▲ 1,137%
Net result€-102k-€21k€6k▼ 69.4%€9k▲ 35.9%€155k▲ 1,676%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,137% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €648k
Fixed assets
€22k▼ 19.5%
Current assets
€626k▼ 30.5%
Equity and liabilities €648k
Equity
€20k▲ 42.8%
Debt
€628k▼ 31.3%
The debt ratio falls from 98.5% to 96.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€206k▲
2023 · €28k
Cash flow
€160k▲
2023 · €21k
Solvency
3.2%▲
2023 · 1.5%
Current ratio
1.00▲
2023 · 0.99
Quick ratio
1.00▲
2023 · 0.99
Debt / equity
30.68▼
2023 · 63.77
ROE
755.6%▲
2023 · 60.8%
ROA
23.9%▲
2023 · 0.9%
Interest coverage
47.02▲
2023 · 7.19
Debt
€628k▼
2023 · €914k
Debt ≤ 1 year
€628k▼
2023 · €914k
Income taxes
€63k▲
2023 · €11k
Staff costs
€390k▼
2023 · €618k
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€928k€648k▼
Fixed assets21/28€28k€22k▼
Tangible fixed assets22/27€28k€19k▼
Plant, machinery and equipment23€248€2k▲
Furniture and vehicles24€19k€10k▼
Leasing and similar rights25€0€0=
Other tangible fixed assets26€9k€7k▼
Financial fixed assets28-€4k
Current assets29/58€900k€626k▼
Amounts receivable within one year40/41€873k€624k▼
Trade receivables40€650k€116k▼
Other amounts receivable41€223k€508k▲
Cash at bank and in hand54/58€26k€920▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€928k€648k▼
Equity10/15€14k€20k▲
Contributions10/11€19k€19k=
Reserves13€62k€2k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€60k€0▼
Profit (loss) carried forward14€-66k€0▲
Amounts payable17/49€914k€628k▼
Amounts payable within one year42/48€914k€628k▼
Trade debts44€745k€133k▼
Suppliers440/4€745k€133k▼
Taxes, remuneration and social security45€168k€346k▲
Taxes450/3€59k€254k▲
Remuneration and social security454/9€109k€92k▼
Other amounts payable47/48-€148k
Accrued charges and deferred income492/3€64€58▼
Income statement
Code20232024
Non-recurring operating income76A€7k€25k▲
Remuneration, social security and pensions62€618k€390k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€6k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-51k
Other operating charges640/8€55k€42k▼
Non-recurring operating charges66A-€5k
Gross operating margin9900€701k€592k▼
Operating profit (loss)9901€16k€200k▲
Financial income75/76B€8k€22k▲
Recurring financial income75€8k€22k▲
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€20k€217k▲
Income taxes67/77€11k€63k▲
Profit (loss) for the period9904€9k€155k▲
Profit (loss) for the period to be appropriated9905€9k€155k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-66k€88k▲
Profit (loss) brought forward from the previous period14P€-75k€-66k▲
Transfer from equity791/2-€60k
Profit to be distributed694/7-€148k
Return on contributions (dividend)694-€148k
Social balance
Average headcount (FTE)908716.810.7▼
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
19-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · ELMOTECH BV SNOEKWEYER- STRAAT 2/3, 3600 GENK · event 13-11-2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €155k ▲1676%
Operating result €200k, net result €155k, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
18-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-102k ▼256%
Net result drops to €-102k, the lowest in the series.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 51 days late
2017
02-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 33 days late
2016
13-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Genk · 1 establishment unit since 2015
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.
Snoekweyerstraat 23600 GenkGround area
3,676 m²
Building footprint
1,780 m²
Volume, LiDAR
157 m³
Parcel 71304D1198/00P024, Flanders · tallest building 8.1 m. Linked by address, not a title deed.
1 establishment unit
Elmotech
since 20152.249.500.274
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71304D1198/00P024 | Flanders | 3,676 m² | 1 · 1,780 m² | 8.1 m |
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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | KARL VANSTIPELEN STATIONSSTRAAT 108,
3400 LANDEN |
13-11-2025 → present |
| Curator | WINNY
TIRMARCHE STATIONSSTRAAT 108A 108, 3400 LANDEN- |
13-11-2025 → present |
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,661. 3,537 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-02-2013
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 12 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.