ELRI
ActiveSummary
ELRI has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €332,359 and a net result of €126,429. Equity is growing by ~49% per year across the filed fiscal years. Its solvency ranks better than 60% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency91▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.35 against 2.21 in 2024; short-term debt: 33.7% and cash: 1.3% of total assets), and 33.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
66.3%
Return on assets
25.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 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 · 9 filingsDeviation from the deadline
2025
41 d late
2024
21 d late
2023
on the day
2022
7 d early
2021
37 d early
2020
22 d early
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 1 August (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€332,359▲ 61.4%
2024 · €205,930
Total assets
€501,658▲ 65.8%
2024 · €302,503
Net result
€126,429▲ 52.0%
2024 · €83,188
Working capital
€229,321▲ 97.1%
2024 · €116,371
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€87,053▲ 150%€4,059▼ 95.3%€35,177▲ 767%€102,943▲ 193%€162,997▲ 58.3%
Net result€59,420above the sector's middle half▲ 165%-€819below the sector's middle half€23,649within the sector's middle half€83,188above the sector's middle half▲ 252%€126,429above the sector's middle half▲ 52.0%
Equity€100,712within the sector's middle half▲ 139%€99,893within the sector's middle half▼ 0.8%€122,742within the sector's middle half▲ 22.9%€205,930within the sector's middle half▲ 67.8%€332,359above the sector's middle half▲ 61.4%
Total assets€149,455within the sector's middle half▲ 95.7%€133,838within the sector's middle half▼ 10.4%€164,038within the sector's middle half▲ 22.6%€302,503within the sector's middle half▲ 84.4%€501,658above the sector's middle half▲ 65.8%
Debt€48,743▲ 42.1%€33,945▼ 30.4%€41,296▲ 21.7%€96,573▲ 134%€169,299▲ 75.3%
Working capital€92,990within the sector's middle half▲ 164%€84,410within the sector's middle half▼ 9.2%€108,798within the sector's middle half▲ 28.9%€116,371within the sector's middle half▲ 7.0%€229,321above the sector's middle half▲ 97.1%
Solvency67.4%within the sector's middle half▲ 12.3pp74.6%within the sector's middle half▲ 7.3pp74.8%within the sector's middle half▲ 0.2pp68.1%within the sector's middle half▼ 6.8pp66.3%within the sector's middle half▼ 1.8pp
Current ratio2.91within the sector's middle half▲ 0.883.49within the sector's middle half▲ 0.583.63within the sector's middle half▲ 0.152.21within the sector's middle half▼ 1.432.35within the sector's middle half▲ 0.15
Return on assets (ROA)39.8%above the sector's middle half▲ 10.4pp-0.6%below the sector's middle half▼ 40.4pp14.4%within the sector's middle half▲ 15.0pp27.5%within the sector's middle half▲ 13.1pp25.2%within the sector's middle half▼ 2.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 58% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €501,658
Fixed assets
€103,037 ▲ 15.1%
Current assets
€398,620 ▲ 87.2%
Equity and liabilities €501,658
Equity
€332,359 ▲ 61.4%
Debt
€169,299 ▲ 75.3%
Debt's share of the balance-sheet total rises from 31.9% to 33.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€171,453▲
2024 · €105,930
Cash flow
€134,885▲
2024 · €86,175
Quick ratio
2.26▲
2024 · 2.21
Debt to equity
0.51▲
2024 · 0.47
ROE
38.0%▼
2024 · 40.4%
Interest coverage
35.59▼
2024 · 170.26
Debt ≤ 1 year
€169,299▲
2024 · €96,573
Income taxes
€44,110▲
2024 · €25,024
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 17,811 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,219 | €1,539 | €1,539 | €2,987 | €8,456 | ▲ 183% |
| Other operating charges640/8 | €3,126 | €3,484 | €2,589 | €1,296 | €3,990 | ▲ 208% |
| Non-recurring operating charges66A | €2,580 | €0 | - | - | €8,727 | - |
| Gross operating margin9900 | €93,978 | €9,081 | €39,304 | €107,226 | €184,171 | ▲ 71.8% |
| Operating profit (loss)9901 | €87,053 | €4,059 | €35,177 | €102,943 | €162,997 | ▲ 58.3% |
| Financial income75/76B | €2,273 | €2,785 | €3,107 | €5,891 | €12,360 | ▲ 110% |
| Recurring financial income75 | €2,273 | €2,785 | €3,107 | €5,891 | €12,360 | ▲ 110% |
| Financial charges65/66B | €964 | €676 | €666 | €622 | €4,817 | ▲ 674% |
| Recurring financial charges65 | €964 | €676 | €666 | €622 | €4,817 | ▲ 674% |
| Profit (loss) for the period before taxes9903 | €88,363 | €6,169 | €37,618 | €108,212 | €170,539 | ▲ 57.6% |
| Income taxes67/77 | €28,943 | €6,988 | €13,969 | €25,024 | €44,110 | ▲ 76.3% |
| Profit (loss) for the period9904 | €59,420 | -€819 | €23,649 | €83,188 | €126,429 | ▲ 52.0% |
| Profit (loss) for the period to be appropriated9905 | €59,420 | -€819 | €23,649 | €83,188 | €126,429 | ▲ 52.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €149,455 | €133,838 | €164,038 | €302,503 | €501,658 | ▲ 65.8% |
| Fixed assets21/28 | €7,722 | €15,483 | €13,944 | €89,558 | €103,037 | ▲ 15.1% |
| Tangible fixed assets22/27 | €7,722 | €15,483 | €13,944 | €89,558 | €103,004 | ▲ 15.0% |
| Furniture and vehicles24 | €7,722 | €15,483 | €13,944 | €21,487 | €11,895 | ▼ 44.6% |
| Other tangible fixed assets26 | - | - | - | €68,071 | €91,110 | ▲ 33.8% |
| Financial fixed assets28 | - | - | - | - | €33 | - |
| Current assets29/58 | €141,733 | €118,355 | €150,094 | €212,945 | €398,620 | ▲ 87.2% |
| Amounts receivable after more than one year29 | €33,000 | €68,000 | €68,000 | €68,000 | €35,000 | ▼ 48.5% |
| Other amounts receivable291 | €33,000 | €68,000 | €68,000 | €68,000 | €35,000 | ▼ 48.5% |
| Stocks and contracts in progress3 | - | - | - | - | €16,500 | - |
| Stocks30/36 | - | - | - | - | €16,500 | - |
| Amounts receivable within one year40/41 | €32,465 | €43,091 | €60,230 | €124,797 | €338,650 | ▲ 171% |
| Trade receivables40 | €0 | €14,200 | €0 | - | €36,300 | - |
| Other amounts receivable41 | €32,465 | €28,891 | €60,230 | €124,797 | €302,350 | ▲ 142% |
| Cash at bank and in hand54/58 | €74,400 | €4,525 | €21,789 | €15,387 | €6,486 | ▼ 57.8% |
| Deferred charges and accrued income490/1 | €1,868 | €2,740 | €75 | €4,760 | €1,983 | ▼ 58.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €149,455 | €133,838 | €164,038 | €302,503 | €501,658 | ▲ 65.8% |
| Equity10/15 | €100,712 | €99,893 | €122,742 | €205,930 | €332,359 | ▲ 61.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €94,512 | €94,400 | €116,542 | €199,730 | €326,159 | ▲ 63.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | €92,652 | €92,540 | €114,682 | €199,730 | €326,159 | ▲ 63.3% |
| Profit (loss) carried forward14 | €0 | -€707 | €0 | €0 | - | - |
| Amounts payable17/49 | €48,743 | €33,945 | €41,296 | €96,573 | €169,299 | ▲ 75.3% |
| Amounts payable within one year42/48 | €48,743 | €33,945 | €41,296 | €96,573 | €169,299 | ▲ 75.3% |
| Trade debts44 | €6,481 | €5,003 | €20,457 | €12,030 | €12,554 | ▲ 4.4% |
| Suppliers440/4 | €6,481 | €5,003 | €20,457 | €12,030 | €12,554 | ▲ 4.4% |
| Taxes, remuneration and social security45 | €41,702 | €28,943 | €20,278 | €46,352 | €86,751 | ▲ 87.2% |
| Taxes450/3 | €41,702 | €28,943 | €20,278 | €46,352 | €86,751 | ▲ 87.2% |
| Other amounts payable47/48 | €560 | €0 | €560 | €38,191 | €69,994 | ▲ 83.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,420 | -€819 | €23,649 | €83,188 | €126,429 | ▲ 52.0% |
| + Depreciation and write-downs630 | €1,219 | €1,539 | €1,539 | €2,987 | €8,456 | ▲ 183% |
| Operating cash flow (approximation) | €60,639 | €720 | €25,188 | €86,175 | €134,885 | ▲ 56.5% |
| Investment in fixed assets (approximation) | - | -€9,300 | €0 | -€78,601 | -€21,936 | ▲ 72.1% |
| Change in cash | - | -€69,876 | €17,265 | -€6,402 | -€8,901 | ▼ 39.0% |
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
Next filing, fiscal year 2026, expected by
2026
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 41 days late
02-07
State Gazette act
General meeting · Director appointment
Permanent representative · Board composition
2025
31-12
Financial
Highest result since 2018net €126,429 ▲52%
Operating result €162,997, net result €126,429, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Equity above €200,000Eq €205,930 ▲67.8%
2 profitable years in a row build equity to €205,930.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €23,649
Net result €23,649 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €122,742 ▲22.9%
Equity rises from €99,893 to €122,742.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €100,712 ▲139%
2 profitable years in a row build equity to €100,712.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
31-12
Financial
Back to profitnet €22,422
Net result €22,422 after 2 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Gillis-Waas · 1 establishment unit since 2016
Ground area
2,424 m²
Parcel 46015B0801/00K000, Flanders. Linked by address, not a title deed.
1 establishment unit
ELRI
since 20162.255.761.823
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46015B0801/00K000 | Flanders | 2,424 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
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Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 37,563 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-08-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46319Wholesale of fruit and vegetables, excluding potatoes
E-invoicing
Reachable via Peppol
Peppol ID
0208:0661570880
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.