Debts
€18,888 94% of the balance sheet
Suppliers 4%Taxes and wages 13%Other 83%
ELOCON
Overview
Lifetime
2 annual accounts with figures on one time axispeak €11,557 (2025)
€11,557▲ €19,632
lowest -€10,377 (2024)
€8,608▲ €18,985
peak €1,231 (2025)
€1,231▲ €8,608
€18,888▲ 0.5%
Board1 name since 2024
1 directorSANTERMANS Thibaut Geert Hein Vincent
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from -€8,075 to €11,557Back to profit: €8,608Equity from -€7,377 to €1,231
Key points
from the 2025 annual accountsLiquidity
0.86 was 0.33 in 2024
Short-term debts rose from €18,794 to €18,888.
Position in the sector
€1,231
Less equity than 86% of companies in advertising and market research. Sector median €58,793 · 8,618 companies.
2025 accounts filed 28 days after the deadline
Checked score
83
Excellent
Financially stronger than 57% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,229 companies (NACE 73, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2025: 1.2%
05-2025: 1.2%● unchanged vs 04-2025
06-2025: 1.3%▲ +0.1 percentage points vs 05-2025
07-2025: 1.3%● unchanged vs 06-2025
08-2025: 0.9%▼ -0.4 percentage points vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 1.0%▲ +0.1 percentage points vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 1.6%▲ +0.6 percentage points vs 07-2026highest value
09-2026: 0.5%▼ -1.1 percentage points vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026lowest value
11-2026: 0.5%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Founded in 2024
Equity €1,231 (6.1% of total assets)
lowers risk
Sector: Advertising, market research and public relations activities (NACE 73)
Liquidity: current ratio 0.86, cash €7,440
Calculation
The band follows from the bankruptcy probability. 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 73, micro). It does better than 17% of them on solvency, 29% on liquidity, 88% on profitability and 92% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,157 companies had the same profile as ELOCON has now. Each dot stands for 6 companies, two years later.
94.1%
were still trading
2.8%
stopped another way
3.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ELOCON itself is lower: 0.5% within 12 months. It rests on far more data about ELOCON than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,157 companies, not a prediction for ELOCON. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 8611 sector peers (2025).
NBB · sector comparisonPosition among 8611 sector peers
Solvency
better than 16%
← weakest
strongest →
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
28 days late
2024
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 14 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SANTERMANS Thibaut Geert Hein Vincent 100 sharesdeed of 21-03-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1007321145
Registered office moved from Hasselt to Antwerp
New registered office: Schaliënstraat 30 bus 102, 2000 Antwerpen · Previous registered office: Kapermolenstraat 46 bus 13, 3500 Hasselt · Board meeting of 30-06-2024 · Gazette deed
Incorporation
Founding capital of €3,000 · Founder: SANTERMANS Thibaut Geert Hein Vincent · 100 shares · Appointment: SANTERMANS Thibaut Geert Hein Vincent (director) · published on 21-03-2024 · Gazette deed
First establishment
Schaliënstraat 30, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ELOCON Antwerp | €20,119 | €11,557 | 6.1% | - |
| REKINDLE Malle | €21,092 | €12,208 | 37.7% | - |
| MULTITOOL Crisnée | €21,093 | €9,947 | 44.1% | - |
| GEDI CONSULT Genk | €22,082 | €9,187 | 53.7% | - |
| Net Talent Brecht | €26,185 | €14,515 | -18.9% | - |
| ORA Consult Antwerp | €16,778 | €15,846 | 58.9% | - |
| Captain Culture Lille | €27,147 | €10,530 | 58.0% | - |
These companies have the same main activity as ELOCON: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €16,800 and €27,100, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 19-03-2024Normal situation
- Activity
- Public relations and communication consultancyNACE 73300and 3 others
- Establishment unit
- 2.357.475.1322000 Antwerp, since 19-03-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Annual accounts 2025
- €11,557
- ≈ €71,000estimated
- €8,608
- €1,231
- €20,119▲ 76.2%
- ≈ 0 FTEestimated
- Filing
- Filed on 28-08-2026
Insights on ELOCON
ELOCON has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1,231 and a net result of €8,608.
Its solvency ranks better than 16% of 8,611 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 28-08-2026, 28 days late€11,557
▲ €19,632
€9,310
▲ €19,644
€8,608
▲ €18,985
-€2,634
▲ €10,023
6.1%
▲ 70.7 percentage points
0.86
▲ 0.53
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €71,000. Estimated: probably between €30,000 and €120,000.
Balance sheet
balance sheet total €20,119 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
6.1%
Higher than 16% of 8,611 companies in 2025.
0.86
Higher than 19% of 8,288 companies in 2025.
42.8%
Higher than 87% of 8,397 companies in 2025.
ELOCON
Middle half of the sector
80% of the sector
Micro accounts in advertising and market research (NACE 73)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
20,119 | 11,417 | |
21/28 |
3,865 | 5,280 | |
22/27 |
1,865 | 3,280 | |
24 |
1,865 | 3,280 | |
28 |
2,000 | 2,000 | |
29/58 |
16,254 | 6,136 | |
40/41 |
8,813 | - | |
40 |
7,174 | - | |
41 |
1,639 | - | |
54/58 |
7,440 | 6,136 | |
| Balance sheet: equity and liabilities | |||
10/49 |
20,119 | 11,417 | |
10/15 |
1,231 | -7,377 | |
10/11 |
3,000 | 3,000 | |
14 |
-1,769 | -10,377 | |
17/49 |
18,888 | 18,794 | |
42/48 |
18,888 | 18,794 | |
44 |
834 | 560 | |
440/4 |
834 | 560 | |
46 |
0 | 534 | |
45 |
2,397 | 16,002 | |
450/3 |
2,397 | 2,502 | |
454/9 |
0 | 13,500 | |
47/48 |
15,658 | 1,698 | |
| Income statement | |||
9900 |
11,557 | -8,075 | |
62 |
250 | - | |
630 |
1,415 | 1,872 | |
640/8 |
582 | 387 | |
9901 |
9,310 | -10,334 | |
75/76B |
3 | 56 | |
75 |
3 | 56 | |
65/66B |
247 | 99 | |
65 |
247 | 99 | |
9903 |
9,066 | -10,377 | |
67/77 |
458 | - | |
9904 |
8,608 | -10,377 | |
9905 |
8,608 | -10,377 | |
| Appropriation of the result | |||
9906 |
-1,769 | -10,377 | |
14P |
-10,377 | - | |
| Document | |||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00457808.
Subsidies and aid
Flemish government 2025, 1 entry, €1,410 awarded, €1,410 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 10,726 | -8,462 | ||
| 10,023 | -8,506 | ||
| 0 | 7,152 | ||
| 1,304 | - | ||
| -2,634 | -12,658 | ||
| 6.1% | -64.6% | ||
| 0.86 | 0.33 | ||
| 15.34 | - | ||
| 699.3% | - | ||
| 42.8% | -90.9% | ||
| 43.37 | -85.06 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | - | €4,245 |
| Intangible fixed assets | - | €907 |
| Financial fixed assets | €0 | €2,000 |
| €1,415 | €1,872 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on ELOCON
The operating result for 2025 is a profit of €9,310, after a loss of €10,334 in 2024.
Debt's share of the balance-sheet total is 93.9%.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 21-03-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 28-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “10. Vertegenwoordiging - Benoemingen Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als…”deed of 21-03-2024
Mandates through the years
1 name, the dashed line is todaySANTERMANS Thibaut Geert Hein Vincent
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- SANTERMANS Thibaut Geert Hein Vincent
- Director (not named in the articles), from 19-03-2024 to date
Control
Capital
- Contribution
- €3,000
- Shares
- 100
- Contribution per share
- €30
- Equity per share
- €12.31 in 2025
- Source
- deed of 21-03-2024
Articles of association
deed of 21-03-2024 (in Dutch)- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 17:00
Shareholders
At incorporation
deed of 21-03-2024 ↗
- SANTERMANS Thibaut Geert Hein Vincent 100 shares · €3,000
Capital transactions
Capital over time
- 21-03-2024 Incorporation · 100 shares
- 21-03-2024 Incorporation · €3,000
Network & group
No group
ELOCON has no parent and no holdings in its annual accounts. SANTERMANS Thibaut Geert Hein Vincent is the only director.
At the same address
Schaliënstraat 30, 2000 Antwerp · 6 other companies| 4ABF
registered office since 05-04-2005 · founded in 2005 |
total assets €632,489 (2025) 0872.959.121 |
| FVH Photography
registered office since 18-12-2018 · founded in 2018 |
total assets €168,037 (2025) 0715.970.955 |
| CAPKIP
registered office since 24-07-2026 |
founded in 2026 1040.629.955 |
| Merola, Fabrizio (sole trader)
establishment since 27-10-2023 |
founded in 2023 1002.201.327 |
| Vereniging van Mede-eigenaars Residentie Picasso te Antwerpen, Schaliënstraat 30/36
registered office since 23-09-2013 |
founded in 2013 0547.656.258 |
| De Ruyck, Michael (sole trader)
establishment since 29-03-2004 |
founded in 2004 0816.658.341 |
Board mandates elsewhere
1 board mandateBoard mandates of ELOCONELOCON sits on their board1
Connections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
7 events since 2024Filings
Financial
Establishments
Address
202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 28 days late
2025
Back to profit net €8,608 The net result is €8,608, after one loss-making year.
Registered in the Peppol Directory Reachable for e-invoices through 0208:1007321145
Annual accounts 2024 filed PDFmicro format · on the deadline day
2024
Registered office moved from Hasselt to AntwerpNew registered office: Schaliënstraat 30 bus 102, 2000 Antwerpen · Previous registered office: Kapermolenstraat 46 bus 13, 3500 Hasselt · Board meeting of 30-06-20242 points ▸
- Board meeting, 30-06-2024
- Registered-office move, Schaliënstraat 30 bus 102, 2000 Antwerpen
IncorporationFounding capital of €3,000 · Founder: SANTERMANS Thibaut Geert Hein Vincent · 100 shares · Appointment: SANTERMANS Thibaut Geert Hein Vincent (director) · published on 21-03-20244 points ▸
- Founder, SANTERMANS Thibaut Geert Hein Vincent
- 100 shares
- Founding capital, €3,000
- Director appointment, SANTERMANS Thibaut Geert Hein Vincent (director (not named in the articles))
- The deed holds 3 more points.
First establishment Schaliënstraat 30, Antwerp
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 19 March 2024, ELOCON was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 In 2024 the registered office moved to Antwerp.3 SANTERMANS Thibaut Geert Hein Vincent is director of the company, appointed by deed of 21-03-2024.2
Company details
Identity
- Enterprise number
- 1007.321.145
- VAT number
- BE 1007.321.145
- Peppol ID
- 0208:1007321145
- Other Peppol ID
- 9925:BE1007321145
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 19-03-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 17:00deed of 21-03-2024 (in Dutch)
- Peppol
- Reachable since 22-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- ELOCON in Dutch
- Entity type
- Legal entity
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Kapermolenstraat 46 bus 13, 3500 Hasselt”deed of 21-03-2024 (in Dutch)
Activities
NACEBEL 202573300
Public relations and communication consultancy main activity
73110
Advertising agencies
Codes under NACEBEL 2008
70210
Activities of head offices; management consultancy activities main activity
62020
IT consultancy
73110
Advertising, market research and public relations activities
73200
Advertising, market research and public relations activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Alle mogelijke advies- en/of dienstenfuncties op het vlak van algemeen bedrijfsbeheer,organisatie en planning,budgettaire en financiële…”deed of 21-03-2024 (in Dutch)
15 activities
- Alle mogelijke advies- en/of dienstenfuncties op het vlak van algemeen bedrijfsbeheer,organisatie en planning,budgettaire en financiële aangelegenheden,commerciële en promotionele activiteiten,marketing,HR management,technische en industriële aangelegenheden;
- De ontwikkeling,het onderhoud en hosting van websites;
- Consultancy en auditing van informatica-,domotica- en netwerkinfrastructuur
- Ontwerpen en programmeren van computerprogramma’s,computerconsultancy-activiteiten en aanverwante activiteiten.
- Het adviseren,het assisteren,implementeren,uitvoeren en beheren van opdrachten en projecten in het terrein van sociale media accounts,databanken,gegevensverwerking,mail en marketingcampagnes,digitale marketing,marktonderzoeken.
- Copywriting en schrijven van teksten in de meest ruime zin van het woord
- Vertalingen en alle werkzaamheden van een tolk
- De controle op of het participeren in het bestuur van vennootschappen of ondernemingen door het opnemen van alle mogelijke mandaten binnen vennootschappen of ondernemingen;
- De rechtstreekse of onrechtstreekse participatie in alle mogelijke commerciële,industriële,financiële,roerende en onroerende vennootschappen of ondernemingen;
- De aankoop,het beheer en de verkoop van alle mogelijke roerende en onroerende waarden,van alle mogelijke maatschappelijke rechten en,meer algemeen,alle mogelijke verrichtingen met betrekking tot het beheer van de aldus gevormde portefeuille;
- Het verwerven,vervreemden,beheren,uitbaten,valoriseren,verkavelen,ordenen,huren en verhuren,het doen bouwen of doen verbouwen,de binnenhuisinrichting en decoratie,coördinatie van onroerende goederen evenals alle onroerende verrichtingen in de meest brede zin.
- De ontwikkeling,productie,groot-en,kleinhandel,de vertegenwoordiging,de commissiehandel,de import en export van alle artikelen en diensten die rechtstreeks of onrechtstreeks met binnenhuisinrichting te maken hebben,zoals onder ander meubelen,kantoormeubelen,gordijnen en stoffen,behangpapier,verlichting,vloeren,schilderijen,decoratie,kunstvoorwerpen,interieur en exterieurverf en alle bijhorende artikelen,dit in de ruimste zin van het woord;
- Het organiseren van seminaries,lezingen,workshops,evenementen,beurzen en exposities
- De aan-en verkoop,huur en verhuur,ontwerpen van kunst in de meest brede betekenis
- De aan-en verkoop,huur en verhuur van installaties,uitrusting en materieel
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Schaliënstraat 30 registered office 2000 Antwerp | 19-03-2024 | 2.357.475.132 |
1 former office
- Kapermolenstraat 46 bus 13, 3500 Hasselt until 01-07-2024 · deed of 13-08-2024
Buildings and parcels at the address
- Ground area
- 1,000 m²
- Buildings
- 172 m²
- Volume, LiDAR
- 2,201 m³
- Tallest building
- 16.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11811L3940/00V000 | 1,000 m² | 1 · 172 m² | 16.9 m · 5 |