ELPIDA
ActiveELPIDA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66k and a net result of €4k. Equity is growing by ~27.8% per year across the filed fiscal years. Its solvency ranks better than 55% of 1303 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-7
Solvency50=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.48 against 0.36 in 2024; short-term debt: 75.3% and cash: 26.1% of total assets), and 75.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
24.7%
Return on assets
1.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
55 d late
2022
59 d late
2021
112 d late
2020
87 d late
2019
92 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4k▼ 75.7%
2024 · €18k
2018: €39k
2019: €33k
2020: €18k
2021: €33k
2022: €25k
2023: €-28k
2024: €18k
2018 → 2025
Working capital
€-104k▲ 10.0%
2024 · €-116k
2018: €-19k
2019: €-9k
2020: €22k
2021: €47k
2022: €25k
2023: €-110k
2024: €-116k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€62k-€87k▲ 40.0%€43k▼ 50.7%€61k▲ 42.5%€66k▲ 7.3%
Operating result€34k-€32k▼ 7.1%€-16k€23k€9k▼ 61.0%
Net result€33k-€25k▼ 25.1%€-28k€18k€4k▼ 75.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 61% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €266k
Fixed assets
€170k▼ 4.0%
Current assets
€96k▲ 51.0%
Equity and liabilities €266k
Equity
€66k▲ 7.3%
Debt
€200k▲ 11.7%
The debt ratio rises from 74.5% to 75.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38k▼
2024 · €48k
Cash flow
€34k▼
2024 · €43k
Solvency
24.7%▼
2024 · 25.5%
Current ratio
0.48▲
2024 · 0.36
Quick ratio
0.46▲
2024 · 0.34
Debt / equity
3.05▲
2024 · 2.92
ROE
6.8%▼
2024 · 29.8%
ROA
1.7%▼
2024 · 7.6%
Interest coverage
8.37▼
2024 · 9.89
Debt
€200k▲
2024 · €179k
Debt ≤ 1 year
€200k▲
2024 · €179k
Staff costs
€260k▼
2024 · €358k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€241k€266k▲
Fixed assets21/28€177k€170k▼
Tangible fixed assets22/27€176k€169k▼
Plant, machinery and equipment23€27k€20k▼
Furniture and vehicles24€66k€69k▲
Other tangible fixed assets26€84k€81k▼
Financial fixed assets28€500€500=
Current assets29/58€64k€96k▲
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€12k€21k▲
Trade receivables40€10k€20k▲
Other amounts receivable41€2k€1k▼
Cash at bank and in hand54/58€46k€70k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€241k€266k▲
Equity10/15€61k€66k▲
Contributions10/11€14k€14k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€46k€50k▲
Amounts payable17/49€179k€200k▲
Amounts payable within one year42/48€179k€200k▲
Current portion of amounts payable after more than one year42€15k€24k▲
Trade debts44€62k€71k▲
Suppliers440/4€62k€71k▲
Taxes, remuneration and social security45€60k€25k▼
Taxes450/3€9k€9k▼
Remuneration and social security454/9€50k€17k▼
Other amounts payable47/48€43k€81k▲
Income statement
Code20242025
Remuneration, social security and pensions62€358k€260k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€29k▲
Other operating charges640/8€47k€50k▲
Non-recurring operating charges66A€7k-
Gross operating margin9900€460k€348k▼
Operating profit (loss)9901€23k€9k▼
Financial income75/76B€268€77▼
Recurring financial income75€268€77▼
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€18k€4k▼
Income taxes67/77€73-
Profit (loss) for the period9904€18k€4k▼
Profit (loss) for the period to be appropriated9905€18k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€46k€50k▲
Profit (loss) brought forward from the previous period14P€28k€46k▲
Social balance
Average headcount (FTE)9087358,349.0-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2024
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
31-12
Financial
Weakest financial yearnet €-28k ▼212%
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 59 days late
2022
20-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 112 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 92 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
13-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 44 days late
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 45 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Vorst · 1 establishment unit since 2008
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.
de Fierlantstraat 671190 VorstGround area
437 m²
Building footprint
331 m²
Volume, LiDAR
4,035 m³
Parcel 21007A0039/00N004, Brussels · tallest building 20.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Elpida
since 20082.173.580.948
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0039/00N004 | Brussels | 437 m² | 1 · 331 m² | 20.2 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteVorst2.173.580.948
Similar companies · same sector, comparable size
BIDI
BE 0449.667.947
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Blue Woods
BE 0450.934.984
Deerlijk · Eq €65k
BareFoodGiulia
BE 0699.840.548
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The Hotel Company
BE 0747.583.849
Gent · Eq €66k
COMBES EN PARTNERS
BE 0866.211.285
Genk · Eq €65k
Of 2,395 companies in sector 55100 we hold annual accounts for 1,517. 969 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-01-2008
Fiscal year end31-12
Activities, NACEBEL
55100Hotels and similar accommodation
96022Beauty treatment
96220Beauty care and other beauty treatments
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.