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ELNEO

Active
Public limited companyfounded 198936 years activeRue de l'Estampage 7, 4340 Awans, BelgiumKBO/BCE: BE 0438.681.213
Summary

ELNEO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.8m and a net result of €248,975. Equity is growing by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 53% of 6,033 sector peers (NACE 46, fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Overview

Activity
Wholesale of other machinery and equipment
NACE 46649
#3 employer in Awans, Wholesale and retail trade sector3 sites
Size
€19.1mturnover 2025
Staff
72.4 FTE
Equity
€6.8m
Profit
€248,975
Financial health
94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Parent
MJB MANAGEMENT · 100%
Accounts 59 days early2 of 23 deeds read
Why 94+ Liquidity: current ratio 2.84, cash €2.0m+ Founded in 1989+ Equity €6.8m (48.3% of total assets)+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 54% of its sector peers (NACE 46, medium-sized)
Financial strength · tick = 2024
Strong
Solvency 73-3
equity 48.3% of total assets
Liquidity 56+4
short-term debt 28.5% · cash 14.0%
Profitability 60-5
return on assets 1.8%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (744 companies)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025lowest value 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: 0.1%▲ +0.1 percentage points vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: < 0.1%▼ -0.1 percentage points vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: 0.1%▲ +0.1 percentage points vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026highest value 07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit up to €600,000 at 30 days acceptable
Liquidity ample (current ratio 2.84 against 3.26 in 2024; short-term debt: 28.5% and cash: 14% of total assets), but 51.7% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, medium-sized): better than 61% on solvency, 83% on liquidity, 47% on profitability and 27% on growth.

The bankruptcy probability was computed on 07-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk○neutral
lowers risk · Liquidity: current ratio 2.84, cash €2.0m
NBB · annual accounts
lowers risk · Founded in 1989
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Equity €6.8m (48.3% of total assets)
NBB · annual accounts
lowers risk · Legal form Public limited company
KBO
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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
59 days early
2024
59 days early
2023
33 days early
2022
33 days early
2021
25 days late
2020
31 days late
2019
69 days late
← 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 8 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 28 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Resignations & appointmentsMerger · Shareholding · Accounting…
  3. Weakest financial yearnet €248,975 ▼63.6%

Key points

  • Caution: Result fell in 2025from €684,691 to €248,975 ▼ 63.6% View
  • Positive: Employer in Awans, Wholesale and retail trade sectorin the Checked rankings #3 View
  • Positive: 8 profitable years in a rowprofit 2025: €248,975 8 years View
  • Controlled by MJB MANAGEMENTknown shareholders 100% 100% View
  • Merger with BELGIAN INSTRUMENTATION PRODUCTSmerger on 05-01-2026 2026 View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

By topic

Financials

Fiscal year
2025
Turnover
€19.1m
Profit
€248,975
Solvency
48.3%
Turnover▼ 0.9%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 30-10-2025Restructuring
  2. 02-06-2025Annual accounts filed
  3. 28-06-2024Annual accounts filed
Go to Timeline

Company details

Sites
3
Legal form
Public limited company
Activity
Wholesale of other machinery and equipmentNACE 46649
Founded
18-10-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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