ELMV
ActiveSummary
ELMV has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €155,015 and a net result of €41,416. Equity is growing by ~47.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability96▼-4
Solvency100▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 5.33 against 2.93 in 2023; short-term debt: 17.7% and cash: 50.3% of total assets), and 17.7% 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+raises 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 12-06-2026, 49 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
49 d early
2024
25 d late
2023
26 d late
2022
31 d late
2021
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 12 days after 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 (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. Usually files around 27 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€41,416▼ 6.2%
2023 · €44,158
Working capital
€144,144▲ 40.8%
2023 · €102,366
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
Line2021202220232024
Operating result€24,837-€55,239▲ 122%€61,552▲ 11.4%€53,502▼ 13.1%
Net result€19,592within the sector's middle half-€44,849within the sector's middle half▲ 129%€44,158within the sector's middle half▼ 1.5%€41,416within the sector's middle half▼ 6.2%
Equity€24,592below the sector's middle half-€69,441within the sector's middle half▲ 182%€113,599within the sector's middle half▲ 63.6%€155,015within the sector's middle half▲ 36.5%
Total assets€57,865below the sector's middle half-€108,011below the sector's middle half▲ 86.7%€166,661below the sector's middle half▲ 54.3%€188,339below the sector's middle half▲ 13.0%
Debt€33,272-€38,570▲ 15.9%€53,062▲ 37.6%€33,324▼ 37.2%
Working capital€21,806within the sector's middle half-€55,539within the sector's middle half▲ 155%€102,366within the sector's middle half▲ 84.3%€144,144within the sector's middle half▲ 40.8%
Solvency42.5%within the sector's middle half-64.3%within the sector's middle half▲ 21.8pp68.2%above the sector's middle half▲ 3.9pp82.3%above the sector's middle half▲ 14.1pp
Current ratio1.66within the sector's middle half-2.44within the sector's middle half▲ 0.782.93within the sector's middle half▲ 0.495.33above the sector's middle half▲ 2.40
Return on assets (ROA)33.9%above the sector's middle half-41.5%above the sector's middle half▲ 7.7pp26.5%above the sector's middle half▼ 15.0pp22.0%above the sector's middle half▼ 4.5pp
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.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 13% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €188,339
Fixed assets
€10,871 ▼ 3.2%
Current assets
€177,468 ▲ 14.2%
Equity and liabilities €188,339
Equity
€155,015 ▲ 36.5%
Debt
€33,324 ▼ 37.2%
Debt's share of the balance-sheet total falls from 31.8% to 17.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€59,415▼
2023 · €68,210
Cash flow
€47,328▼
2023 · €50,817
Debt to equity
0.21▼
2023 · 0.47
ROE
26.7%▼
2023 · 38.9%
Interest coverage
197.21▲
2023 · 112.03
Debt ≤ 1 year
€33,324▼
2023 · €53,062
Income taxes
€11,785▼
2023 · €16,785
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 26,975 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 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,334 | €5,329 | €6,659 | €5,912 | ▼ 11.2% |
| Other operating charges640/8 | €3,324 | €949 | €970 | €1,111 | ▲ 14.5% |
| Gross operating margin9900 | €30,495 | €61,516 | €69,181 | €60,525 | ▼ 12.5% |
| Operating profit (loss)9901 | €24,837 | €55,239 | €61,552 | €53,502 | ▼ 13.1% |
| Financial charges65/66B | €48 | €48 | €609 | €301 | ▼ 50.5% |
| Recurring financial charges65 | €48 | €48 | €609 | €301 | ▼ 50.5% |
| Profit (loss) for the period before taxes9903 | €24,789 | €55,191 | €60,943 | €53,201 | ▼ 12.7% |
| Income taxes67/77 | €5,197 | €10,342 | €16,785 | €11,785 | ▼ 29.8% |
| Profit (loss) for the period9904 | €19,592 | €44,849 | €44,158 | €41,416 | ▼ 6.2% |
| Profit (loss) for the period to be appropriated9905 | €19,592 | €44,849 | €44,158 | €41,416 | ▼ 6.2% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €57,865 | €108,011 | €166,661 | €188,339 | ▲ 13.0% |
| Fixed assets21/28 | €2,787 | €13,902 | €11,233 | €10,871 | ▼ 3.2% |
| Tangible fixed assets22/27 | €2,537 | €13,652 | €10,983 | €10,621 | ▼ 3.3% |
| Furniture and vehicles24 | €2,537 | €6,902 | €6,483 | €3,191 | ▼ 50.8% |
| Other tangible fixed assets26 | - | €6,750 | €4,500 | €7,430 | ▲ 65.1% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €55,078 | €94,109 | €155,428 | €177,468 | ▲ 14.2% |
| Amounts receivable within one year40/41 | €13,250 | €18,014 | €15,947 | €77,577 | ▲ 386% |
| Trade receivables40 | €13,250 | €18,014 | €15,947 | €18,767 | ▲ 17.7% |
| Other amounts receivable41 | - | - | - | €58,810 | - |
| Cash at bank and in hand54/58 | €41,828 | €76,095 | €132,951 | €94,752 | ▼ 28.7% |
| Deferred charges and accrued income490/1 | - | - | €6,529 | €5,140 | ▼ 21.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €57,865 | €108,011 | €166,661 | €188,339 | ▲ 13.0% |
| Equity10/15 | €24,592 | €69,441 | €113,599 | €155,015 | ▲ 36.5% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €19,592 | €64,441 | €108,599 | €150,015 | ▲ 38.1% |
| Amounts payable17/49 | €33,272 | €38,570 | €53,062 | €33,324 | ▼ 37.2% |
| Amounts payable within one year42/48 | €33,272 | €38,570 | €53,062 | €33,324 | ▼ 37.2% |
| Trade debts44 | €1,436 | €2,711 | €3,404 | €7,743 | ▲ 127% |
| Suppliers440/4 | €1,436 | €2,711 | €3,404 | €7,743 | ▲ 127% |
| Taxes, remuneration and social security45 | €23,298 | €29,794 | €36,389 | €25,581 | ▼ 29.7% |
| Taxes450/3 | €23,298 | €29,794 | €36,389 | €25,581 | ▼ 29.7% |
| Other amounts payable47/48 | €8,539 | €6,064 | €13,269 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,592 | €44,849 | €44,158 | €41,416 | ▼ 6.2% |
| + Depreciation and write-downs630 | €2,334 | €5,329 | €6,659 | €5,912 | ▼ 11.2% |
| Operating cash flow (approximation) | €21,926 | €50,177 | €50,817 | €47,328 | ▼ 6.9% |
| Investment in fixed assets (approximation) | - | -€16,444 | -€3,990 | -€5,550 | ▼ 39.1% |
| Change in cash | - | €34,267 | €56,856 | -€38,200 | ▼ 167% |
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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2024
31-12
Financial
Equity above €150,000Eq €155,015 ▲36.5%
4 profitable years in a row build equity to €155,015.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 26 days late
2023
31-12
Financial
Equity above €100,000Eq €113,599 ▲63.6%
3 profitable years in a row build equity to €113,599.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Highest result since 2021net €44,849 ▲129%
Net result €44,849, the highest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Nivelles
Ground area
883 m²
Building footprint
89 m²
Parcel 25099A0184/00L005, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25099A0184/00L005 | Wallonia | 883 m² | 1 · 89 m² | - |
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.
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Of 30,009 companies in sector 62200 we hold annual accounts for 18,399. 15,297 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
Founded24-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
46500Wholesale of information and communication equipment
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0750988648
Registered
21-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.