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ELO SRL

Active
Private limited companyfounded 20223 yrs activeRue de Hesbaye 114, 4000 Liège, BelgiumKBO/BCE: BE 0794.987.848
Summary

The computed 12-month bankruptcy probability of ELO SRL is 7.3% (elevated). The 2024 annual accounts show equity of €9,230 and a net result of €6,273. Its solvency ranks better than 39% of 18930 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability67▲+41
Solvency41▲+6
Growth64
Track record94
Bankruptcy probability, 12 months
7.3% Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.14 against 0.96 in 2023; short-term debt: 79.4% and cash: 36.5% of total assets), and 83.8% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
16.2%
Return on assets
11%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-09-2025, 33 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 · 2 filings
Deviation from the deadline
2025
not confirmed
2024
33 d late
2023
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.

Checked, nothing found (1)
neutral · 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

On 19 December 2022, ELO SRL was incorporated.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Turnover
€267,570▲ 1.2%
2023 · €264,326
EBIT margin
3.6%▲ 2.8pp
2023 · 0.8%
Net result
€6,273
2023 · -€43
Working capital
€6,105
2023 · -€1,034
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line20232024
Turnover€264,326-€267,570▲ 1.2%
Operating result€2,117-€9,509▲ 349%
Net result-€43within the sector's middle half-€6,273within the sector's middle half
EBIT margin0.8%-3.6%▲ 2.8pp
Equity€2,957within the sector's middle half-€9,230within the sector's middle half▲ 212%
Total assets€29,132below the sector's middle half-€56,907within the sector's middle half▲ 95.3%
Debt€26,175-€47,677▲ 82.1%
Working capital-€1,034-€6,105
Solvency10.2%within the sector's middle half-16.2%within the sector's middle half▲ 6.1pp
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€2,500€0€2,500€5,000€7,500€10,000Operating result 2023: €2,117€2,117Net result 2023: -€43-€43Operating result 2024: €9,509€9,509Net result 2024: €6,273€6,27320232024-€2,500€0€2,500€5,000€7,500€10,000Operating result 2023: €2,117€2,120Net result 2023: -€43-€43Operating result 2024: €9,509€9,510Net result 2024: €6,273€6,27020232024
The operating result rises in 2024; 2024 is 349% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €56,907
Fixed assets €5,591 ▲ 40.1%
Current assets €51,316 ▲ 104%
Equity and liabilities €56,907
Equity €9,230 ▲ 212%
Debt €47,677 ▲ 82.1%
Debt's share of the balance-sheet total falls from 89.8% to 83.8%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€10,860▲
2023 · €2,394
Cash flow
€7,624▲
2023 · €233
Current ratio
1.14▲
2023 · 0.96
Debt to equity
5.17▼
2023 · 8.85
ROE
68.0%▲
2023 · -1.4%
ROA
11.0%▲
2023 · -0.1%
Interest coverage
6.32▲
2023 · 1.12
Debt ≤ 1 year
€45,211▲
2023 · €26,175
Income taxes
€1,579▲
2023 · €32
Staff costs
€45,858▼
2023 · €46,958
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.1% went bankrupt
1.6% stopped otherwise
94% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 7.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 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 7,976 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet Code20232024
Assets
Total assets20/58€29,132€56,907▲
Fixed assets21/28€3,992€5,591▲
Tangible fixed assets22/27€3,992€5,591▲
Furniture and vehicles24€3,992€5,591▲
Current assets29/58€25,140€51,316▲
Amounts receivable within one year40/41€13,614€29,183▲
Trade receivables40€13,613€29,183▲
Other amounts receivable41€1-
Cash at bank and in hand54/58€10,966€20,759▲
Deferred charges and accrued income490/1€560€1,374▲
Equity and liabilities
Total equity and liabilities10/49€29,132€56,907▲
Equity10/15€2,957€9,230▲
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14-€43€6,230▲
Amounts payable17/49€26,175€47,677▲
Amounts payable within one year42/48€26,175€45,211▲
Trade debts44€20,691€33,927▲
Suppliers440/4€20,691€33,927▲
Taxes, remuneration and social security45€5,484€11,284▲
Taxes450/3€1,034€7,296▲
Remuneration and social security454/9€4,450€3,988▼
Accrued charges and deferred income492/3-€2,466
Income statement Code20232024
Turnover70€264,326€267,570▲
Goods, raw materials, services and sundry goods60/61€209,025€203,411▼
Remuneration, social security and pensions62€46,958€45,858▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€276€1,351▲
Other operating charges640/8€5,949€7,440▲
Gross operating margin9900€55,300€64,159▲
Operating profit (loss)9901€2,117€9,509▲
Financial income75/76B€13€62▲
Recurring financial income75€13€62▲
Financial charges65/66B€2,142€1,719▼
Recurring financial charges65€2,142€1,719▼
Profit (loss) for the period before taxes9903-€11€7,852▲
Income taxes67/77€32€1,579▲
Profit (loss) for the period9904-€43€6,273▲
Profit (loss) for the period to be appropriated9905-€43€6,273▲
Appropriation of the result
Profit (loss) to be appropriated9906-€43€6,230▲
Profit (loss) brought forward from the previous period14P--€43

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Turnover70€264,326€267,570▲ 1.2%
Goods, raw materials, services and sundry goods60/61€209,025€203,411▼ 2.7%
Remuneration, social security and pensions62€46,958€45,858▼ 2.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€276€1,351▲ 389%
Other operating charges640/8€5,949€7,440▲ 25.1%
Gross operating margin9900€55,300€64,159▲ 16.0%
Operating profit (loss)9901€2,117€9,509▲ 349%
Financial income75/76B€13€62▲ 360%
Recurring financial income75€13€62▲ 360%
Financial charges65/66B€2,142€1,719▼ 19.8%
Recurring financial charges65€2,142€1,719▼ 19.8%
Profit (loss) for the period before taxes9903-€11€7,852▲ 70,518%
Income taxes67/77€32€1,579▲ 4,891%
Profit (loss) for the period9904-€43€6,273▲ 14,763%
Profit (loss) for the period to be appropriated9905-€43€6,273▲ 14,763%
Line20232024Change
Assets
Total assets20/58€29,132€56,907▲ 95.3%
Fixed assets21/28€3,992€5,591▲ 40.1%
Tangible fixed assets22/27€3,992€5,591▲ 40.1%
Furniture and vehicles24€3,992€5,591▲ 40.1%
Current assets29/58€25,140€51,316▲ 104%
Amounts receivable within one year40/41€13,614€29,183▲ 114%
Trade receivables40€13,613€29,183▲ 114%
Other amounts receivable41€1--
Cash at bank and in hand54/58€10,966€20,759▲ 89.3%
Deferred charges and accrued income490/1€560€1,374▲ 145%
Equity and liabilities
Total equity and liabilities10/49€29,132€56,907▲ 95.3%
Equity10/15€2,957€9,230▲ 212%
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14-€43€6,230▲ 14,663%
Amounts payable17/49€26,175€47,677▲ 82.1%
Amounts payable within one year42/48€26,175€45,211▲ 72.7%
Trade debts44€20,691€33,927▲ 64.0%
Suppliers440/4€20,691€33,927▲ 64.0%
Taxes, remuneration and social security45€5,484€11,284▲ 106%
Taxes450/3€1,034€7,296▲ 606%
Remuneration and social security454/9€4,450€3,988▼ 10.4%
Accrued charges and deferred income492/3-€2,466-
Line20232024Change
Profit (loss) for the period9904-€43€6,273▲ 14,763%
+ Depreciation and write-downs630€276€1,351▲ 389%
Operating cash flow (approximation)€233€7,624▲ 3,168%
Investment in fixed assets (approximation)--€2,951-
Change in cash-€9,793-

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

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Timeline · acts, filings and financial milestones

2025
02-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 33 days late
2024
31-12
Financial Back to profitnet €6,273
Net result €6,273 after one loss-making year.
30-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Liège · 2 establishment units since 2023
seat establishment All 2 establishment units on the map
Ground area
169 m²
Building footprint
112 m²
Volume, LiDAR
1,698 m³
2 parcels, Wallonia · tallest building 20.4 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
Taverne de l'Yser
Chaussée des Prés 52, 4020 LiègeLimited-service restaurants
since 20232.339.193.503
ATELIER ELO
Rue de Hesbaye 114, 4000 LiègeOrganisation of conventions and trade shows
since 20232.339.193.996
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62802D0226/00B004 Wallonia 100 m² 1 · 51 m² 11.0 m · 3 fl.
62816D0160/00E000 Wallonia 69 m² 1 · 61 m² 20.4 m · 6 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 14,005 companies in sector 56301 we hold annual accounts for 4,893. 3,435 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
Founded19-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0794987848
Registered 12-01-2026

Register as of 27 September 2026 · Peppol Directory

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