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ELOPTHA

Active
Private limited companyfounded 2009active for 17 yearsSprinkhanenlaan 15, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0812.023.721
Summary

ELOPTHA has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €187,650 and a net result of €17,378. Equity is growing by about 17% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€187,650▲ 14.4%
2024 · €164,072
Total assets
€269,892▼ 5.8%
2024 · €286,403
Net result
€17,378▼ 17.3%
2024 · €21,026
Working capital
€55,062▼ 28.5%
2024 · €76,967
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result has fallen three years in a row; 2025 is 17% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€27,768 2025 Net result€17,378 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€26,069--€11,775▲ 54.8%€41,194€14,434▼ 65.0%€40,660▲ 182%€39,871▼ 1.9%€33,645▼ 15.6%€27,768▼ 17.5%
Net result-€38,083--€27,506▲ 27.8%€36,183€3,866▼ 89.3%€20,500▲ 430%€29,591▲ 44.3%€21,026▼ 28.9%€17,378▼ 17.3%
Equity€80,412-€52,905▼ 34.2%€89,088▲ 68.4%€92,954▲ 4.3%€113,454▲ 22.1%€143,045▲ 26.1%€164,072▲ 14.7%€187,650▲ 14.4%
Total assets€359,850-€324,313▼ 9.9%€322,713▼ 0.5%€298,211▼ 7.6%€300,500▲ 0.8%€298,413▼ 0.7%€286,403▼ 4.0%€269,892▼ 5.8%
Debt€279,438-€271,407▼ 2.9%€233,625▼ 13.9%€205,257▼ 12.1%€187,045▼ 8.9%€155,367▼ 16.9%€122,331▼ 21.3%€82,242▼ 32.8%
Working capital€30,212--€2,995€32,629€27,832▼ 14.7%€3,047▼ 89.1%€28,089▲ 822%€76,967▲ 174%€55,062▼ 28.5%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €269,892
Fixed assets €175,466 ▼ 11.7%
Current assets €94,425 ▲ 7.8%
Equity and liabilities €269,892
Equity €187,650 ▲ 14.4%
Debt €82,242 ▼ 32.8%
Debt's share of the balance-sheet total falls from 42.7% to 30.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€51,088▼
2024 · €56,965
Cash flow
€40,698▼
2024 · €44,346
Current ratio
2.40▼
2024 · 8.23
Debt to equity
0.44▼
2024 · 0.75
ROE
9.3%▼
2024 · 12.8%
ROA
6.4%▼
2024 · 7.3%
Interest coverage
8.78▲
2024 · 8.06
Debt ≤ 1 year
€39,364▲
2024 · €10,650
Debt > 1 year
€42,878▼
2024 · €111,681
Income taxes
€4,574▼
2024 · €5,604
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% still going

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,695 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 · 2025 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€286,403€269,892▼
Fixed assets21/28€198,786€175,466▼
Intangible fixed assets21€2,025€1,296▼
Tangible fixed assets22/27€196,710€174,120▼
Land and buildings22€174,465€163,260▼
Furniture and vehicles24€10,509€4,459▼
Other tangible fixed assets26€11,736€6,401▼
Financial fixed assets28€50€50=
Current assets29/58€87,617€94,425▲
Amounts receivable within one year40/41€19,787€18,572▼
Other amounts receivable41€19,787€18,572▼
Cash at bank and in hand54/58€67,830€75,853▲
Equity and liabilities
Total equity and liabilities10/49€286,403€269,892▼
Equity10/15€164,072€187,650▲
Contributions10/11€12,400€18,600▲
Reserves13€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Profit (loss) carried forward14€149,812€167,190▲
Amounts payable17/49€122,331€82,242▼
Amounts payable after more than one year17€111,681€42,878▼
Financial debts170/4€111,681€42,878▼
Amounts payable within one year42/48€10,650€39,364▲
Current portion of amounts payable after more than one year42-€35,068
Trade debts44€797€325▼
Suppliers440/4€797€325▼
Taxes, remuneration and social security45-€1,200
Remuneration and social security454/9-€1,200
Other amounts payable47/48€9,853€2,770▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,319€23,319=
Other operating charges640/8€2,009€2,125▲
Gross operating margin9900€58,974€53,213▼
Operating profit (loss)9901€33,645€27,768▼
Financial income75/76B€56€2▼
Recurring financial income75€56€2▼
Financial charges65/66B€7,070€5,818▼
Recurring financial charges65€7,070€5,818▼
Profit (loss) for the period before taxes9903€26,631€21,952▼
Income taxes67/77€5,604€4,574▼
Profit (loss) for the period9904€21,026€17,378▼
Profit (loss) for the period to be appropriated9905€21,026€17,378▼
Appropriation of the result
Profit (loss) to be appropriated9906€149,812€167,190▲
Profit (loss) brought forward from the previous period14P€128,785€149,812▲

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62----€554----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31,808€25,983€20,982€20,982€18,132€22,752€23,319€23,319=
Other operating charges640/8---€1,753€3,194€2,266€2,009€2,125▲ 5.8%
Gross operating margin9900€7,548€15,588€63,840€37,169€62,539€64,890€58,974€53,213▼ 9.8%
Operating profit (loss)9901-€26,069-€11,775€41,194€14,434€40,660€39,871€33,645€27,768▼ 17.5%
Financial income75/76B------€56€2▼ 96.8%
Recurring financial income75€0-----€56€2▼ 96.8%
Financial charges65/66B---€8,860€16,653€2,847€7,070€5,818▼ 17.7%
Recurring financial charges65€11,703€10,589€9,808€8,860€16,653€2,847€7,070€5,818▼ 17.7%
Profit (loss) for the period before taxes9903-€37,772-€22,364€31,386€5,573€24,008€37,025€26,631€21,952▼ 17.6%
Income taxes67/77€311€5,142-€4,797€1,707€3,508€7,434€5,604€4,574▼ 18.4%
Profit (loss) for the period9904-€38,083-€27,506€36,183€3,866€20,500€29,591€21,026€17,378▼ 17.3%
Profit (loss) for the period to be appropriated9905-€38,083-€27,506€36,183€3,866€20,500€29,591€21,026€17,378▼ 17.3%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€359,850€324,313€322,713€298,211€300,500€298,413€286,403€269,892▼ 5.8%
Fixed assets21/28€299,661€279,928€258,996€238,014€241,941€222,105€198,786€175,466▼ 11.7%
Intangible fixed assets21€3,300----€2,754€2,025€1,296▼ 36.0%
Tangible fixed assets22/27€296,361€279,928€258,946€237,964€241,891€219,301€196,710€174,120▼ 11.5%
Land and buildings22---€208,080€196,875€185,670€174,465€163,260▼ 6.4%
Furniture and vehicles24---€2,141€22,609€16,559€10,509€4,459▼ 57.6%
Other tangible fixed assets26---€27,743€22,407€17,072€11,736€6,401▼ 45.5%
Financial fixed assets28--€50€50€50€50€50€50=
Current assets29/58€60,189€44,384€63,717€60,197€58,558€76,308€87,617€94,425▲ 7.8%
Amounts receivable within one year40/41€21,466€4,752€9,797€18,090€14,785€10,391€19,787€18,572▼ 6.1%
Other amounts receivable41---€18,090€14,785€10,391€19,787€18,572▼ 6.1%
Cash at bank and in hand54/58€38,723€39,632€53,920€42,108€43,773€65,916€67,830€75,853▲ 11.8%
Equity and liabilities
Total equity and liabilities10/49€359,850€324,313€322,713€298,211€300,500€298,413€286,403€269,892▼ 5.8%
Equity10/15€80,412€52,905€89,088€92,954€113,454€143,045€164,072€187,650▲ 14.4%
Contributions10/11€12,400€12,400-€12,400€12,400€12,400€12,400€18,600▲ 50.0%
Reserves13€1,860€1,860€1,860€1,860€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1---€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311---€1,860€1,860€1,860€1,860€1,860=
Profit (loss) carried forward14€66,152€38,645€74,828€78,694€99,194€128,785€149,812€167,190▲ 11.6%
Amounts payable17/49€279,438€271,407€233,625€205,257€187,045€155,367€122,331€82,242▼ 32.8%
Amounts payable after more than one year17€249,461€224,028€202,537€172,892€131,534€107,149€111,681€42,878▼ 61.6%
Financial debts170/4---€172,892€131,534€107,149€111,681€42,878▼ 61.6%
Amounts payable within one year42/48€29,977€47,379€31,088€32,365€55,511€48,219€10,650€39,364▲ 270%
Current portion of amounts payable after more than one year42---€29,645€49,587€36,986-€35,068-
Trade debts44€2,571€2,066€23€1,304€2,922€4,181€797€325▼ 59.2%
Suppliers440/4---€1,304€2,922€4,181€797€325▼ 59.2%
Taxes, remuneration and social security45---€1,200€1,900--€1,200-
Taxes450/3----€300----
Remuneration and social security454/9---€1,200€1,600--€1,200-
Other amounts payable47/48---€217€1,103€7,051€9,853€2,770▼ 71.9%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€38,083-€27,506€36,183€3,866€20,500€29,591€21,026€17,378▼ 17.3%
+ Depreciation and write-downs630€31,808€25,983€20,982€20,982€18,132€22,752€23,319€23,319=
Operating cash flow (approximation)-€6,275-€1,523€57,165€24,848€38,632€52,343€44,346€40,698▼ 8.2%
Investment in fixed assets (approximation)--€6,251-€50€0-€22,059-€2,916€0€0-
Change in cash-€909€14,288-€11,812€1,666€22,143€1,914€8,024▲ 319%

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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Latest 10 of 16 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 22-06-2026 2026-00180422
31-12-2024 micro format 26-06-2025 2025-00180339
31-12-2023 micro format 06-08-2024 2024-00330053
31-12-2022 micro format 05-07-2023 2023-00201564
31-12-2021 micro format 29-07-2022 2022-20242499
31-12-2020 micro format 29-07-2021 2021-42200351
31-12-2019 micro format 17-08-2020 2020-41600476
31-12-2018 micro format 31-07-2019 2019-41600545
31-12-2017 micro format 09-07-2018 2018-30300315
31-12-2016 micro format 29-08-2017 2017-50300139

Show all 16 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.