ELPHI
InactiveELPHI was declared bankrupt on 12-09-2022 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed by liquidation by judgment of 22-09-2025, published in the Belgian State Gazette on 29-09-2025.
Summary
Inactive; last annual accounts for fiscal year 2019.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 7 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 09-10-2020, 70 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
70 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts 70 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2019, micro schema
Equity
€129,076▲ 5.9%
2018 · €121,886
Total assets
€136,241▼ 32.9%
2018 · €202,972
Net result
€7,190▼ 77.4%
2018 · €31,830
Working capital
€131,576▲ 41.3%
2018 · €93,144
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019
Operating result€62,715--€2,522
Net result€31,830-€7,190▼ 77.4%
Equity€121,886-€129,076▲ 5.9%
Total assets€202,972-€136,241▼ 32.9%
Debt€78,085-€4,165▼ 94.7%
Working capital€93,144-€131,576▲ 41.3%
Staff (FTE)3.4-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2019: a loss of €2,522 after €62,715 in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €136,241
Fixed assets
€500 ▼ 98.4%
Current assets
€135,741 ▼ 20.7%
Equity and liabilities €136,241
Equity
€129,076 ▲ 5.9%
Provisions
€3,000 =
Debt
€4,165 ▼ 94.7%
Debt's share of the balance-sheet total falls from 38.5% to 3.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€2,022▼
2018 · €63,215
Cash flow
€7,690▼
2018 · €32,330
Current ratio
32.59▲
2018 · 2.19
ROE
5.6%▼
2018 · 26.1%
ROA
5.3%▼
2018 · 15.7%
Debt ≤ 1 year
€4,165▼
2018 · €78,085
Income taxes
€4,165▼
2018 · €27,592
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €500 | €500 | = |
| Gross operating margin9900 | €228,239 | -€3,024 | ▼ 101% |
| Operating profit (loss)9901 | €62,715 | -€2,522 | ▼ 104% |
| Recurring financial income75 | - | €14,536 | - |
| Recurring financial charges65 | €3,293 | €660 | ▼ 80.0% |
| Profit (loss) for the period before taxes9903 | €59,422 | €11,355 | ▼ 80.9% |
| Income taxes67/77 | €27,592 | €4,165 | ▼ 84.9% |
| Profit (loss) for the period9904 | €31,830 | €7,190 | ▼ 77.4% |
| Profit (loss) for the period to be appropriated9905 | €31,830 | €7,190 | ▼ 77.4% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €202,972 | €136,241 | ▼ 32.9% |
| Fixed assets21/28 | €31,742 | €500 | ▼ 98.4% |
| Tangible fixed assets22/27 | €1,000 | €500 | ▼ 50.0% |
| Financial fixed assets28 | €30,742 | - | - |
| Current assets29/58 | €171,229 | €135,741 | ▼ 20.7% |
| Amounts receivable within one year40/41 | €168,274 | €135,333 | ▼ 19.6% |
| Cash at bank and in hand54/58 | €2,955 | €408 | ▼ 86.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €202,972 | €136,241 | ▼ 32.9% |
| Equity10/15 | €121,886 | €129,076 | ▲ 5.9% |
| Contributions10/11 | €18,600 | €18,600 | = |
| Reserves13 | €103,286 | €110,476 | ▲ 7.0% |
| Provisions and deferred taxes16 | €3,000 | €3,000 | = |
| Amounts payable17/49 | €78,085 | €4,165 | ▼ 94.7% |
| Amounts payable within one year42/48 | €78,085 | €4,165 | ▼ 94.7% |
| Trade debts44 | €7,454 | - | - |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €31,830 | €7,190 | ▼ 77.4% |
| + Depreciation and write-downs630 | €500 | €500 | = |
| Operating cash flow (approximation) | €32,330 | €7,690 | ▼ 76.2% |
| Investment in fixed assets (approximation) | - | €30,742 | - |
| Change in cash | - | -€2,547 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-09
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 22-09-2025
2022
29-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 12-09-2022
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
31-12
Financial
Liquidity times 15current ratio 32.59
Current ratio from 2.19 to 32.59; short-term debt falls from €78,085 to €4,165.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
2016
26-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 153 days late
2014
27-03
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | THIERRY LAMMAR Schuttersvest 8, 2800 MECHELEN- |
12-09-2022 → 22-09-2025 |