ELNE

Active

Public limited companyfounded 198838 yrs activeLeopold I straat 483, 1090 Jette, BelgiumKBO/BCE: BE 0433.563.670

Summary

ELNE has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of €117,421. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 74% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysis Watch Report Compare

ELNEActiveChecked score 80/100

Risk analysis Report Compare

Checked score

Score 2025

80 / 100

Excellent

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability73▲+1

Solvency87▲+6

Growth52=

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €150,000 at 30 days acceptable

Liquidity short (current ratio 0.61 against 0.57 in 2024; short-term debt: 11.4% and cash: 6.6% of total assets), and 38.1% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Real estate activities (NACE 68)

about 43% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

61.9%

Return on assets

3.7%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

31 d late

2024

1 d late

2023

29 d late

2022

60 d late

2021

2 d early

2020

25 d late

2019

8 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)

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 30 August (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

29-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

ELNE was incorporated on 29 February 1988.¹ Since 2025, Joëlle Electeur has served as managing director of the company.² Total assets fell from EUR 4 million in 2018 to EUR 3.2 million in 2025.³

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Financials · fiscal year 2025, abbreviated schema

In the rankings #8 oldest company in Jette, Real estate sector

Source amounts without an identifiable currency are assumed to be EUR.

Equity

€2.0m▲ 6.3%

2024 · €1.9m

Total assets

€3.2m▼ 3.7%

2024 · €3.3m

Net result

€117,421▲ 22.0%

2024 · €96,260

Working capital

-€142,098▲ 15.1%

2024 · -€167,438

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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

Line20212022202320242025

Operating result€150,238▼ 38.0%€246,223▲ 63.9%€235,037▼ 4.5%€183,950▼ 21.7%€213,857▲ 16.3%

Net result€85,403▼ 37.0%€148,099▲ 73.4%€131,181▼ 11.4%€96,260▼ 26.6%€117,421▲ 22.0%

Equity€1.5m▲ 6.1%€1.6m▲ 10.0%€1.8m▲ 8.0%€1.9m▲ 5.5%€2.0m▲ 6.3%

Total assets€3.7m▼ 2.2%€3.6m▼ 3.1%€3.5m▼ 3.1%€3.3m▼ 4.4%€3.2m▼ 3.7%

Debt€2.2m▼ 10.9%€1.9m▼ 11.9%€1.7m▼ 12.4%€1.5m▼ 14.5%€1.2m▼ 16.6%

Working capital-€441,473▼ 15.8%-€330,221▲ 25.2%-€226,020▲ 31.6%-€167,438▲ 25.9%-€142,098▲ 15.1%

Solvency40.1%▲ 3.1pp45.6%▲ 5.4pp50.8%▲ 5.2pp56.0%▲ 5.2pp61.9%▲ 5.9pp

Current ratio0.15▼ 0.220.30▲ 0.150.47▲ 0.180.57▲ 0.100.61▲ 0.04

Return on assets (ROA)2.3%▼ 1.3pp4.1%▲ 1.8pp3.8%▼ 0.4pp2.9%▼ 0.9pp3.7%▲ 0.8pp

above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 16% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €3.2m

93.1%

Fixed assets €3.0m ▼ 3.9%

Current assets €221,903 ▼ 1.6%

Equity and liabilities €3.2m

61.9%

38.1%

Equity €2.0m ▲ 6.3%

Debt €1.2m ▼ 16.6%

Debt's share of the balance-sheet total falls from 44.0% to 38.1%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€404,778▲

2024 · €382,117

Cash flow

€308,342▲

2024 · €294,427

Debt to equity

0.62▼

2024 · 0.78

ROE

5.9%▲

2024 · 5.2%

Interest coverage

9.69▲

2024 · 9.11

Debt ≤ 1 year

€364,001▼

2024 · €393,058

Debt > 1 year

€853,577▼

2024 · €1.1m

Income taxes

€55,485▲

2024 · €46,286

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

Small
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet

0.2% went bankrupt

3.5% stopped otherwise

96% 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 0.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 14,732 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

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines

Balance sheet Code20242025

Assets

Total assets20/58€3.3m€3.2m▼

Fixed assets21/28€3.1m€3.0m▼

Tangible fixed assets22/27€3.1m€3.0m▼

Land and buildings22€3.1m€3.0m▼

Plant, machinery and equipment23-€956

Financial fixed assets28€59€59=

Current assets29/58€225,620€221,903▼

Amounts receivable within one year40/41€13,468€10,275▼

Other amounts receivable41€13,468€10,275▼

Cash at bank and in hand54/58€210,233€211,264▲

Deferred charges and accrued income490/1€1,919€364▼

Equity and liabilities

Total equity and liabilities10/49€3.3m€3.2m▼

Equity10/15€1.9m€2.0m▲

Contributions10/11€469,541€469,541=

Capital10€469,541€469,541=

Issued capital100€469,541€469,541=

Reserves13€1.4m€1.5m▲

Non-distributable reserves130/1€78,954€78,954=

Legal reserve130€78,954€78,954=

Distributable reserves133€1.3m€1.4m▲

Amounts payable17/49€1.5m€1.2m▼

Amounts payable after more than one year17€1.1m€853,577▼

Financial debts170/4€1.1m€853,577▼

Amounts payable within one year42/48€393,058€364,001▼

Current portion of amounts payable after more than one year42€242,371€246,076▲

Trade debts44€1,307€6,299▲

Suppliers440/4€1,307€6,299▲

Taxes, remuneration and social security45€13,629€11,742▼

Taxes450/3€13,629€11,742▼

Other amounts payable47/48€135,750€99,884▼

Accrued charges and deferred income492/3€0-

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€198,167€190,921▼

Other operating charges640/8€87,049€92,047▲

Gross operating margin9900€469,166€496,825▲

Operating profit (loss)9901€183,950€213,857▲

Financial income75/76B€523€823▲

Recurring financial income75€523€823▲

Financial charges65/66B€41,928€41,774▼

Recurring financial charges65€41,928€41,774▼

Profit (loss) for the period before taxes9903€142,546€172,906▲

Income taxes67/77€46,286€55,485▲

Profit (loss) for the period9904€96,260€117,421▲

Profit (loss) for the period to be appropriated9905€96,260€117,421▲

Appropriation of the result

Profit (loss) to be appropriated9906€96,260€117,421▲

Transfer to equity691/2€96,260€117,421▲

To other reserves6921€96,260€117,421▲

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€215,092	€230,513	€225,472	€198,167	€190,921	▼ 3.7%
Other operating charges640/8	€70,571	€80,543	€88,351	€87,049	€92,047	▲ 5.7%
Gross operating margin9900	€435,901	€557,279	€548,859	€469,166	€496,825	▲ 5.9%
Operating profit (loss)9901	€150,238	€246,223	€235,037	€183,950	€213,857	▲ 16.3%
Financial income75/76B	€17	€2	€152	€523	€823	▲ 57.3%
Recurring financial income75	€17	€2	€152	€523	€823	▲ 57.3%
Financial charges65/66B	€24,305	€28,162	€41,500	€41,928	€41,774	▼ 0.4%
Recurring financial charges65	€24,305	€28,162	€41,500	€41,928	€41,774	▼ 0.4%
Profit (loss) for the period before taxes9903	€125,950	€218,063	€193,689	€142,546	€172,906	▲ 21.3%
Income taxes67/77	€40,547	€69,964	€62,508	€46,286	€55,485	▲ 19.9%
Profit (loss) for the period9904	€85,403	€148,099	€131,181	€96,260	€117,421	▲ 22.0%
Profit (loss) for the period to be appropriated9905	€85,403	€148,099	€131,181	€96,260	€117,421	▲ 22.0%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€3.7m	€3.6m	€3.5m	€3.3m	€3.2m	▼ 3.7%
Fixed assets21/28	€3.6m	€3.4m	€3.3m	€3.1m	€3.0m	▼ 3.9%
Tangible fixed assets22/27	€3.6m	€3.4m	€3.3m	€3.1m	€3.0m	▼ 3.9%
Land and buildings22	€3.6m	€3.4m	€3.3m	€3.1m	€3.0m	▼ 3.9%
Plant, machinery and equipment23	€1,368	€358	€0	-	€956	-
Financial fixed assets28	€59	€59	€59	€59	€59	=
Current assets29/58	€78,711	€139,228	€203,751	€225,620	€221,903	▼ 1.6%
Amounts receivable within one year40/41	€31,399	€24,488	€614	€13,468	€10,275	▼ 23.7%
Trade receivables40	-	€186	€0	-	-	-
Other amounts receivable41	€31,399	€24,302	€614	€13,468	€10,275	▼ 23.7%
Cash at bank and in hand54/58	€45,692	€113,794	€203,136	€210,233	€211,264	▲ 0.5%
Deferred charges and accrued income490/1	€1,620	€946	€0	€1,919	€364	▼ 81.0%
Equity and liabilities
Total equity and liabilities10/49	€3.7m	€3.6m	€3.5m	€3.3m	€3.2m	▼ 3.7%
Equity10/15	€1.5m	€1.6m	€1.8m	€1.9m	€2.0m	▲ 6.3%
Contributions10/11	€469,541	€469,541	€469,541	€469,541	€469,541	=
Capital10	€469,541	€469,541	€469,541	€469,541	€469,541	=
Issued capital100	€469,541	€469,541	€469,541	€469,541	€469,541	=
Reserves13	€1.0m	€1.2m	€1.3m	€1.4m	€1.5m	▲ 8.4%
Non-distributable reserves130/1	€78,954	€78,954	€78,954	€78,954	€78,954	=
Legal reserve130	€78,954	€78,954	€78,954	€78,954	€78,954	=
Distributable reserves133	€935,883	€1.1m	€1.2m	€1.3m	€1.4m	▲ 9.0%
Profit (loss) carried forward14	€0	-	-	-	-	-
Amounts payable17/49	€2.2m	€1.9m	€1.7m	€1.5m	€1.2m	▼ 16.6%
Amounts payable after more than one year17	€1.7m	€1.5m	€1.3m	€1.1m	€853,577	▼ 19.9%
Financial debts170/4	€1.7m	€1.5m	€1.3m	€1.1m	€853,577	▼ 19.9%
Amounts payable within one year42/48	€520,184	€469,449	€429,770	€393,058	€364,001	▼ 7.4%
Current portion of amounts payable after more than one year42	€242,978	€240,923	€236,083	€242,371	€246,076	▲ 1.5%
Trade debts44	€11,770	€5,283	€2,849	€1,307	€6,299	▲ 382%
Suppliers440/4	€11,770	€5,283	€2,849	€1,307	€6,299	▲ 382%
Taxes, remuneration and social security45	€21,010	€14,810	€23,081	€13,629	€11,742	▼ 13.8%
Taxes450/3	€21,010	€14,810	€23,081	€13,629	€11,742	▼ 13.8%
Other amounts payable47/48	€244,427	€208,432	€167,757	€135,750	€99,884	▼ 26.4%
Accrued charges and deferred income492/3	€10,500	€1,138	€100	€0	-	-

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€85,403	€148,099	€131,181	€96,260	€117,421	▲ 22.0%
+ Depreciation and write-downs630	€215,092	€230,513	€225,472	€198,167	€190,921	▼ 3.7%
Operating cash flow (approximation)	€300,495	€378,612	€356,653	€294,427	€308,342	▲ 4.7%
Investment in fixed assets (approximation)	-	-€53,922	-€50,688	-€24,132	-€70,425	▼ 192%
Change in cash	-	€68,102	€89,342	€7,097	€1,031	▼ 85.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 13Financial 2Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 31 days late

27-08

State Gazette act Appointment: Joëlle Electeur (managing director)

Resignation: André Electeur (day-to-day manager)3 facts ▸

Board meeting, 30-07-2025
Director appointment, Joëlle Electeur (managing director)
Director resignation, André Electeur (day-to-day manager)

2025

01-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 1 day late

2024

29-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 29 days late

2023

29-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 60 days late

2022

31-12

Financial Highest result since 2018net €148,099 ▲73.4%

Operating result €246,223, net result €148,099, both a record.

29-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Weakest financial yearnet €85,403 ▼37%

Net result drops to €85,403, the lowest in the series; recovery starts the following year.

25-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 25 days late

2020

23-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

12-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 31 days late

2017

28-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

1 of 6 acts read

About the unread acts

Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

1 office holder, last change in 2025

Day-to-day management 1

Joëlle Electeur

Managing director · since 30-07-2025

Current

Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →

Not every act has been read: a resignation may be missing here

5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Jette · 1 establishment unit since 1988

seat establishment The establishment unit on the map

Ground area

296 m²

Building footprint

296 m²

Volume, LiDAR

3,211 m³

Parcel 21463D0283/00A057, Brussels · tallest building 16.6 m, ±4 floors. Linked by address, not a title deed.

2 companies at this address See who is registered here

1 establishment unit

Leopold I straat 483, 1090 Jette

NACE 70201

since 19882.040.013.532

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21463D0283/00A057	Brussels	296 m²	1 · 296 m²	16.6 m · 4 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.

Mandate history

2 people since 2025, 1 in office

All 2 In office 1 Ended 1

Day-to-day management
began earlier

Mandates per person, with start and end dates
Name	Functions and periods
Joëlle Electeur	Managing director, from 30-07-2025 to date
André Electeur	Day-to-day manager, until 30-07-2025

See the board, name and seat on a given date →

Structure & network

Connections & network

1 current director

Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

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Of 9,144 companies in sector 68201 we hold annual accounts for 6,775. 4,321 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPublic limited company

Founded29-02-1988

Fiscal year end31-12

Activities, NACEBEL 2025

68201Renting and operating of own or leased residential real estate, excluding social housing

68203Renting and operating of own or leased non-residential real estate, excluding land

E-invoicing

Reachable via Peppol

Peppol ID 0208:0433563670

Also 9925:BE0433563670

Registered 03-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Scores and ratios are computed by Checked and are not a credit decision.