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Elotech

Active
Private limited companyfounded 2019active for 7 yearsUrselweg 50, 9990 Maldegem, BelgiumKBO/BCE: BE 0719.502.943
Summary

Elotech has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5,514 and a net result of €4,292, of which €2,411 non-recurring income. Its solvency ranks better than 24% of 20,541 sector peers (NACE 62, financial year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

Risk analysisFollow ReportCompare
ElotechActiveChecked score 55/100
Risk analysis ReportCompare

Overview

Activity
Computer programming
NACE 62100
1 site
Size
€17,425total assets 2024
Equity
€5,514
Profit
€4,292
Turnover not published (micro format)
Financial health
55 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.1%
Structure
2024 accounts filed 153 days late2 deeds in the Belgian Official Gazette
Why 55raises riskCapped at 59: a confirmed filing finding1 financial year not filed after the legal deadline; last filed accounts filed 153 days late; 1 of the last 3 lateFigures for financial year 2024 (filed 31-12-2025)Founded in 2019lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Show the evidence

Checked score

Score 2024
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 48% of its sector peers (NACE 62, micro)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength
Strong
Solvency 57
equity 31.6% of total assets
Liquidity 65
short-term debt 65.3% · cash 53.2%
Profitability 100
return on assets 24.6%
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (25,873 companies, NACE 62, micro)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.4%▼ -0.1 percentage points vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.3%▼ -0.1 percentage points vs 12-2025lowest value 02-2026: 0.3%● unchanged vs 01-2026lowest value 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.2 percentage points vs 07-2026 09-2026: 0.6%▲ +0.1 percentage points vs 08-2026 10-2026: 1.1%▲ +0.5 percentage points vs 09-2026highest value
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.01, below the usual 1.5; short-term debt: 65.3% and cash: 53.2% of total assets), and 68.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 62, micro): better than 30% on solvency, 49% on liquidity and 64% on profitability.

The bankruptcy probability was computed on 24-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises risk
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 153 days late; 1 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2024 (filed 31-12-2025)
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
raises risk · Founded in 2019
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 20541 sector peers (2024).
NBB · sector comparison
Position among 20541 sector peers
Solvency
better than 24%
← weakest strongest →
raises risk · 2024 accounts filed 153 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 1 filing
Deviation from the deadline
2024
153 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 153 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Caution: Latest accounts filed lateafter the legal deadline 153 days View
  • Caution: Among the weakest 12% on equitysector median €73,721 · 20,553 companies €5,514 View
  • Total assets 2024first financial year filed €17,425 View

By topic

Financials

Financial year
2024
Total assets
€17,425
Profit
€4,292
Solvency
31.6%
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
Computer programmingNACE 62100
Founded
28-01-2019
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about Elotech

What is the company number of Elotech?
0719.502.943. In Belgium the VAT number is the company number with BE in front: BE 0719.502.943.
Where is Elotech based?
The registered office is at Urselweg 50, 9990 Maldegem.Company details
What does Elotech do?
According to the KBO register, the main activity is computer programming (NACE 62100).
What is the legal form of Elotech?
Private limited company (BV).
When was Elotech founded?
On 28-01-2019.
Is Elotech still active?
Yes, Elotech is an active enterprise in the KBO register.
What is the turnover of Elotech?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is Elotech profitable?
In financial year 2024, Elotech made a profit of €4,292.
Where can I find the annual accounts of Elotech?
Elotech filed 1 annual account with the National Bank of Belgium, for financial year 2024.

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