ELON

Active

Private limited companyfounded 20215 yrs activeHuivelde 101, 9240 Zele, BelgiumKBO/BCE: BE 0765.499.452

The computed 12-month bankruptcy probability of ELON is 2.8% (moderate). The 2024 annual accounts show equity of €78k and a net result of €28k. Equity is growing by ~57.6% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

52 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability73▼-2

Solvency38▲+5

Growth78=

Track record94

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €4k at 30 days acceptable

Liquidity short (current ratio 0.03 against 0.48 in 2023; short-term debt: 7.8% and cash: 0.2% of total assets), and 86.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

+raises risk○neutral

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

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

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

13.3%

Return on assets

4.7%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

36 d early

2023

37 d early

2022

10 d late

← before the deadline after the 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

Financials · fiscal year 2024, micro schema

Equity

€78k▲ 54.9%

2023 · €50k

2022: €20k 2023: €50k

2022 → 2024

Total assets

€585k▼ 8.8%

2023 · €642k

2022: €646k 2023: €642k

2022 → 2024

Net result

€28k▼ 17.9%

2023 · €34k

2022: €22k 2023: €34k

2022 → 2024

Working capital

€-44k▲ 6.7%

2023 · €-47k

2022: €-54k 2023: €-47k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€20k-€50k▲ 152%€78k▲ 54.9%

Operating result€48k-€53k▲ 11.4%€45k▼ 15.6%

Net result€22k-€34k▲ 53.7%€28k▼ 17.9%

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

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 16% below 2023 and is the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €585k

99.8%

Fixed assets €584k▼ 2.4%

Current assets €1k▼ 96.9%

Equity and liabilities €585k

13.3%

86.7%

Equity €78k▲ 54.9%

Debt €507k▼ 14.2%

The debt ratio falls from 92.1% to 86.7%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€59k▼

2023 · €67k

Cash flow

€42k▼

2023 · €48k

Solvency

13.3%▲

2023 · 7.9%

Current ratio

0.03▼

2023 · 0.48

Quick ratio

0.03▼

2023 · 0.48

Debt / equity

6.49▼

2023 · 11.72

ROE

35.5%▼

2023 · 66.9%

ROA

4.7%▼

2023 · 5.3%

Interest coverage

5.86▼

2023 · 6.25

Debt

€507k▼

2023 · €591k

Debt ≤ 1 year

€46k▼

2023 · €91k

Debt > 1 year

€462k▼

2023 · €500k

Income taxes

€7k▼

2023 · €8k

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

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€642k€585k▼

Fixed assets21/28€598k€584k▼

Tangible fixed assets22/27€598k€584k▼

Land and buildings22€598k€584k▼

Current assets29/58€43k€1k▼

Cash at bank and in hand54/58€43k€1k▼

Equity and liabilities

Total equity and liabilities10/49€642k€585k▼

Equity10/15€50k€78k▲

Contributions10/11€1k€1k=

Reserves13€49k€77k▲

Distributable reserves133€49k€77k▲

Amounts payable17/49€591k€507k▼

Amounts payable after more than one year17€500k€462k▼

Financial debts170/4€500k€462k▼

Amounts payable within one year42/48€91k€46k▼

Current portion of amounts payable after more than one year42€38k€38k=

Trade debts44€395-

Suppliers440/4€395-

Taxes, remuneration and social security45€9k€7k▼

Taxes450/3€9k€7k▼

Other amounts payable47/48€43k€956▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k=

Other operating charges640/8€3k€2k▼

Gross operating margin9900€70k€61k▼

Operating profit (loss)9901€53k€45k▼

Financial charges65/66B€11k€10k▼

Recurring financial charges65€11k€10k▼

Profit (loss) for the period before taxes9903€42k€35k▼

Income taxes67/77€8k€7k▼

Profit (loss) for the period9904€34k€28k▼

Profit (loss) for the period to be appropriated9905€34k€28k▼

Appropriation of the result

Profit (loss) to be appropriated9906€34k€28k▼

Transfer to equity691/2€30k€28k▼

To other reserves6921€30k€28k▼

Profit to be distributed694/7€3k-

Return on contributions (dividend)694€3k-

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

2025

25-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

24-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Highest result since 2022net €34k ▲53.7%

Operating result €53k, net result €34k, both a record.

10-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 10 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Zele · 1 establishment unit since 2021

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Huivelde 1019240 Zele

Ground area

1,690 m²

Building footprint

187 m²

Volume, LiDAR

1,376 m³

Parcel 42028B1077/00C000, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

ELON

Huivelde 101, 9240 ZeleRenting and operating of own or leased residential real estate, excluding social housing

since 20212.315.400.193

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
42028B1077/00C000	Flanders	1,690 m²	1 · 187 m²	10.5 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded22-03-2021

Fiscal year end31-12

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.