ELNY
ActiveSummary
ELNY has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €146,609 and a net result of €2,837. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 87% of 7930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+10
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 3.88 against 3.81 in 2024; short-term debt: 20.4% and cash: 56.2% of total assets), and 20.4% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 2025Solvency, return and age of the figures
Solvency
79.6%
Return on assets
1.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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 filingsDeviation from the deadline
2025
3 d late
2024
25 d late
2023
30 d early
2022
28 d early
2021
16 d late
2020
33 d early
2019
31 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 11 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
Turnover
€541,360
EBIT margin
6.1%
Net result
€2,837
2024 · -€782
Working capital
€108,314▼ 4.6%
2024 · €113,544
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Turnover€541,360
Operating result€23,347▲ 122%-€2,077€33,097-€1,865€3,195
Net result€11,977within the sector's middle half▲ 8.1%€1,525below the sector's middle half▼ 87.3%€27,181within the sector's middle half▲ 1,682%-€782below the sector's middle half€2,837within the sector's middle half
EBIT margin6.1%
Equity€115,847within the sector's middle half▲ 11.5%€117,372below the sector's middle half▲ 1.3%€144,553within the sector's middle half▲ 23.2%€143,771within the sector's middle half▼ 0.5%€146,609within the sector's middle half▲ 2.0%
Total assets€175,542below the sector's middle half▲ 19.8%€167,221below the sector's middle half▼ 4.7%€183,735below the sector's middle half▲ 9.9%€184,166below the sector's middle half▲ 0.2%€184,222below the sector's middle half=
Debt€59,695▲ 39.8%€49,849▼ 16.5%€39,182▼ 21.4%€40,395▲ 3.1%€37,613▼ 6.9%
Working capital€89,260within the sector's middle half▲ 26.5%€85,166within the sector's middle half▼ 4.6%€113,584within the sector's middle half▲ 33.4%€113,544within the sector's middle half=€108,314within the sector's middle half▼ 4.6%
Solvency66.0%above the sector's middle half▼ 4.9pp70.2%above the sector's middle half▲ 4.2pp78.7%above the sector's middle half▲ 8.5pp78.1%above the sector's middle half▼ 0.6pp79.6%above the sector's middle half▲ 1.5pp
Current ratio2.50within the sector's middle half▼ 0.162.80within the sector's middle half▲ 0.303.90above the sector's middle half▲ 1.103.81above the sector's middle half▼ 0.093.88above the sector's middle half▲ 0.07
Return on assets (ROA)6.8%within the sector's middle half▼ 0.7pp0.9%below the sector's middle half▼ 5.9pp14.8%above the sector's middle half▲ 13.9pp-0.4%below the sector's middle half▼ 15.2pp1.5%within the sector's middle half▲ 2.0pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 returns to profit in 2025: €3,195 after a loss of €1,865 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €184,222
Fixed assets
€38,295 ▲ 26.6%
Current assets
€145,927 ▼ 5.2%
Equity and liabilities €184,222
Equity
€146,609 ▲ 2.0%
Debt
€37,613 ▼ 6.9%
Debt's share of the balance-sheet total falls from 21.9% to 20.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,397▲
2024 · €7,867
Cash flow
€15,039▲
2024 · €8,950
Quick ratio
3.09▲
2024 · 2.36
Debt to equity
0.26▼
2024 · 0.28
ROE
1.9%▲
2024 · -0.5%
Interest coverage
13.90▲
2024 · 5.18
Debt ≤ 1 year
€37,613▼
2024 · €40,378
Income taxes
€2,209▲
2024 · €992
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 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% | 1.7% |
| 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 75% 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 17,027 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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €541,360 | - | - | - |
| Non-recurring operating income76A | - | €4,266 | €126 | €4,909 | €2,000 | ▼ 59.3% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €500,195 | - | - | - |
| Remuneration, social security and pensions62 | €911 | €603 | €455 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,156 | €11,019 | €13,042 | €9,731 | €12,202 | ▲ 25.4% |
| Other operating charges640/8 | €815 | €512 | €576 | €821 | €704 | ▼ 14.2% |
| Gross operating margin9900 | €34,229 | €10,056 | €47,170 | €8,688 | €16,101 | ▲ 85.3% |
| Operating profit (loss)9901 | €23,347 | -€2,077 | €33,097 | -€1,865 | €3,195 | ▲ 271% |
| Financial income75/76B | €4,623 | €5,193 | €4,529 | €3,592 | €2,960 | ▼ 17.6% |
| Recurring financial income75 | €4,623 | €5,193 | €4,529 | €3,592 | €2,960 | ▼ 17.6% |
| Financial charges65/66B | €1,420 | €1,116 | €1,308 | €1,517 | €1,108 | ▼ 27.0% |
| Recurring financial charges65 | €1,420 | €1,116 | €1,308 | €1,517 | €1,108 | ▼ 27.0% |
| Profit (loss) for the period before taxes9903 | €26,550 | €2,000 | €36,319 | €210 | €5,047 | ▲ 2,298% |
| Income taxes67/77 | €14,573 | €474 | €9,138 | €992 | €2,209 | ▲ 123% |
| Profit (loss) for the period9904 | €11,977 | €1,525 | €27,181 | -€782 | €2,837 | ▲ 463% |
| Profit (loss) for the period to be appropriated9905 | €11,977 | €1,525 | €27,181 | -€782 | €2,837 | ▲ 463% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €175,542 | €167,221 | €183,735 | €184,166 | €184,222 | = |
| Fixed assets21/28 | €26,680 | €34,777 | €30,982 | €30,244 | €38,295 | ▲ 26.6% |
| Tangible fixed assets22/27 | €26,680 | €34,777 | €30,982 | €30,244 | €38,295 | ▲ 26.6% |
| Plant, machinery and equipment23 | €8,830 | €10,384 | €5,320 | €6,163 | €4,895 | ▼ 20.6% |
| Furniture and vehicles24 | €13,633 | €10,962 | €6,938 | €10,790 | €24,962 | ▲ 131% |
| Other tangible fixed assets26 | €4,216 | €13,430 | €18,724 | €13,291 | €8,437 | ▼ 36.5% |
| Current assets29/58 | €148,862 | €132,444 | €152,753 | €153,922 | €145,927 | ▼ 5.2% |
| Stocks and contracts in progress3 | €24,389 | €31,549 | €10,030 | €58,521 | €29,697 | ▼ 49.3% |
| Stocks30/36 | €24,389 | €31,549 | €10,030 | €58,521 | €29,697 | ▼ 49.3% |
| Amounts receivable within one year40/41 | €29,066 | €32,079 | €18,896 | €18,343 | €5,788 | ▼ 68.4% |
| Trade receivables40 | €15,397 | €16,583 | €9,063 | €9,867 | €2,714 | ▼ 72.5% |
| Other amounts receivable41 | €13,669 | €15,496 | €9,834 | €8,476 | €3,074 | ▼ 63.7% |
| Cash at bank and in hand54/58 | €85,191 | €60,559 | €105,359 | €59,625 | €103,513 | ▲ 73.6% |
| Deferred charges and accrued income490/1 | €10,216 | €8,258 | €18,467 | €17,433 | €6,928 | ▼ 60.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €175,542 | €167,221 | €183,735 | €184,166 | €184,222 | = |
| Equity10/15 | €115,847 | €117,372 | €144,553 | €143,771 | €146,609 | ▲ 2.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €14,844 | €14,844 | €14,844 | €14,844 | €14,844 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | €12,984 | €12,984 | €12,984 | €14,844 | €14,844 | = |
| Profit (loss) carried forward14 | €82,403 | €83,928 | €111,109 | €110,327 | €113,165 | ▲ 2.6% |
| Amounts payable17/49 | €59,695 | €49,849 | €39,182 | €40,395 | €37,613 | ▼ 6.9% |
| Amounts payable within one year42/48 | €59,602 | €47,278 | €39,169 | €40,378 | €37,613 | ▼ 6.8% |
| Trade debts44 | €26,088 | €27,035 | €13,158 | €25,975 | €23,589 | ▼ 9.2% |
| Suppliers440/4 | €26,088 | €27,035 | €13,158 | €25,975 | €23,589 | ▼ 9.2% |
| Taxes, remuneration and social security45 | €12,390 | €2,896 | €11,623 | €3,510 | €4,130 | ▲ 17.7% |
| Taxes450/3 | €12,390 | €1,996 | €10,723 | €2,610 | €3,230 | ▲ 23.7% |
| Remuneration and social security454/9 | - | €900 | €900 | €900 | €900 | = |
| Other amounts payable47/48 | €21,123 | €17,347 | €14,389 | €10,893 | €9,895 | ▼ 9.2% |
| Accrued charges and deferred income492/3 | €93 | €2,571 | €13 | €17 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,977 | €1,525 | €27,181 | -€782 | €2,837 | ▲ 463% |
| + Depreciation and write-downs630 | €9,156 | €11,019 | €13,042 | €9,731 | €12,202 | ▲ 25.4% |
| Operating cash flow (approximation) | €21,133 | €12,544 | €40,222 | €8,950 | €15,039 | ▲ 68.0% |
| Investment in fixed assets (approximation) | - | -€19,115 | -€9,247 | -€8,994 | -€20,253 | ▼ 125% |
| Change in cash | - | -€24,632 | €44,800 | -€45,734 | €43,889 | ▲ 196% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
31-12
Financial
Back to profitnet €2,837
Net result €2,837 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet -€782
Net result drops to -€782, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €103,870 ▲11.9%
3 profitable years in a row build equity to €103,870.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €35,987 ▲177%
Operating result €45,625, net result €35,987, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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, Zandhoven · 1 establishment unit since 1994
Ground area
1,517 m²
Building footprint
226 m²
Volume, LiDAR
1,020 m³
Parcel 11054B0165/00H000, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ELNY
since 19942.066.487.604
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11054B0165/00H000 | Flanders | 1,517 m² | 1 · 226 m² | 6.4 m · 1 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.
Structure & network
Owners and holdings
1 ownerOwners 1
- KENIparentSourceaccounts KENI 31-03-2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 208 EUR awarded · 208 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 208 EUR | 208 EUR |
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 4,905 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
Founded29-03-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452382957
Also
9925:BE0452382957
Registered
15-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.