ELRI
ActiveSummary
The annual accounts of ELRI for fiscal year 2025 show a net loss of 83% of the equity at the start of that year. The 2025 annual accounts show equity of €25k and a net result of €-119k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 31791 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability1▼-51
Solvency28▼-17
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.05 against 1.61 in 2024; short-term debt: 28.1% and cash: 0% of total assets), but 97.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 · 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.9%
Return on assets
-14.1%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
22 d late
2022
385 d late
2021
on the day
2020
164 d late
2019
274 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€25k▼ 82.8%
2024 · €143k
2019: €77k
2020: €26k▼ -65.8% vs 2019
2021: €38k▲ +46.5% vs 2020
2022: €52k▲ +34.6% vs 2021
2023: €136k▲ +163% vs 2022
2024: €143k▲ +5.4% vs 2023highest in 7 years
2025: €25k▼ -82.8% vs 2024lowest in 7 years
2019 → 2025
Total assets
€842k▲ 17.2%
2024 · €719k
2019: €604k
2020: €566k▼ -6.2% vs 2019
2021: €616k▲ +8.9% vs 2020
2022: €558k▼ -9.5% vs 2021lowest in 7 years
2023: €591k▲ +6.0% vs 2022
2024: €719k▲ +21.6% vs 2023
2025: €842k▲ +17.2% vs 2024highest in 7 years
2019 → 2025
Net result
€-119k
2024 · €7k
2019: €29
2020: €-50k▼ -177153% vs 2019
2021: €12k▲ +124% vs 2020
2022: €13k▲ +9.1% vs 2021
2023: €84k▲ +533% vs 2022highest in 7 years
2024: €7k▼ -91.3% vs 2023
2025: €-119k▼ -1725% vs 2024lowest in 7 years
2019 → 2025
Working capital
€249k▲ 289%
2024 · €64k
2019: €-18k
2020: €-76k▼ -316% vs 2019
2021: €-127k▼ -67.5% vs 2020lowest in 7 years
2022: €49k▲ +139% vs 2021
2023: €97k▲ +96.2% vs 2022
2024: €64k▼ -33.7% vs 2023
2025: €249k▲ +289% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€38k-€52k▲ 34.6%€136k▲ 163%€143k▲ 5.4%€25k▼ 82.8%
2021: €38k
2022: €52k▲ +34.6% vs 2021
2023: €136k▲ +163% vs 2022
2024: €143k▲ +5.4% vs 2023highest in 5 years
2025: €25k▼ -82.8% vs 2024lowest in 5 years
Operating result€27k-€28k▲ 3.5%€89k▲ 218%€24k▼ 73.6%€-78k
2021: €27k
2022: €28k▲ +3.5% vs 2021
2023: €89k▲ +218% vs 2022highest in 5 years
2024: €24k▼ -73.6% vs 2023
2025: €-78k▼ -429% vs 2024lowest in 5 years
Net result€12k-€13k▲ 9.1%€84k▲ 533%€7k▼ 91.3%€-119k
2021: €12k
2022: €13k▲ +9.1% vs 2021
2023: €84k▲ +533% vs 2022highest in 5 years
2024: €7k▼ -91.3% vs 2023
2025: €-119k▼ -1725% vs 2024lowest in 5 years
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 2025: a loss of €78k after €24k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €842k
Fixed assets
€357k ▼ 35.0%
Current assets
€486k ▲ 186%
Equity and liabilities €842k
Equity
€25k ▼ 82.8%
Debt
€818k ▲ 42.0%
Debt's share of the balance-sheet total rises from 80.1% to 97.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-42k▼
2024 · €59k
Cash flow
€-83k▼
2024 · €43k
Current ratio
2.05▲
2024 · 1.61
Quick ratio
0.63▼
2024 · 1.61
Debt to equity
33.22▲
2024 · 4.02
ROE
-481.9%▼
2024 · 5.1%
ROA
-14.1%▼
2024 · 1.0%
Interest coverage
-1.26▼
2024 · 3.80
Debt ≤ 1 year
€237k▲
2024 · €106k
Debt > 1 year
€575k▲
2024 · €470k
Income taxes
€8k▲
2024 · €730
Staff costs
€0▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€719k€842k▲
Fixed assets21/28€549k€357k▼
Tangible fixed assets22/27€549k€354k▼
Land and buildings22€518k€331k▼
Plant, machinery and equipment23€774€321▼
Other tangible fixed assets26€30k€23k▼
Financial fixed assets28-€3k
Current assets29/58€170k€486k▲
Stocks and contracts in progress3-€335k
Contracts in progress37-€335k
Amounts receivable within one year40/41€152k€150k▼
Trade receivables40€152k€150k▼
Other amounts receivable41€324€331▲
Cash at bank and in hand54/58€7k€87▼
Deferred charges and accrued income490/1€10k€0▼
Equity and liabilities
Total equity and liabilities10/49€719k€842k▲
Equity10/15€143k€25k▼
Contributions10/11€100k€100k=
Reserves13€43k€43k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€43k€43k=
Profit (loss) carried forward14-€-119k
Amounts payable17/49€576k€818k▲
Amounts payable after more than one year17€470k€575k▲
Financial debts170/4€470k€575k▲
Amounts payable within one year42/48€106k€237k▲
Current portion of amounts payable after more than one year42€64k€65k▲
Financial debts43€0€34▲
Credit institutions430/8€0€34▲
Trade debts44€1k€47k▲
Suppliers440/4€1k€47k▲
Taxes, remuneration and social security45€19k€14k▼
Taxes450/3€19k€14k▼
Remuneration and social security454/9€173€0▼
Other amounts payable47/48€22k€111k▲
Accrued charges and deferred income492/3-€6k
Income statement
Code20242025
Non-recurring operating income76A-€1k
Remuneration, social security and pensions62€2k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€36k▲
Other operating charges640/8€2k€50▼
Gross operating margin9900€63k€-42k▼
Operating profit (loss)9901€24k€-78k▼
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Non-recurring financial income76B€0-
Financial charges65/66B€16k€33k▲
Recurring financial charges65€16k€33k▲
Profit (loss) for the period before taxes9903€8k€-111k▼
Income taxes67/77€730€8k▲
Profit (loss) for the period9904€7k€-119k▼
Profit (loss) for the period to be appropriated9905€7k€-119k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€-119k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€7k€0▼
To other reserves6921€7k€0▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1k | - |
| Remuneration, social security and pensions62 | - | €50k | €26k | €2k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34k | €58k | €34k | €35k | €36k | ▲ 1.2% |
| Other operating charges640/8 | - | €2k | €20k | €2k | €50 | ▼ 97.2% |
| Gross operating margin9900 | €67k | €138k | €169k | €63k | €-42k | ▼ 166% |
| Operating profit (loss)9901 | €27k | €28k | €89k | €24k | €-78k | ▼ 429% |
| Financial income75/76B | - | €7k | €22k | €0 | €0 | - |
| Recurring financial income75 | €62 | €1 | €0 | €0 | €0 | - |
| Non-recurring financial income76B | - | €7k | €22k | €0 | - | - |
| Financial charges65/66B | - | €13k | €14k | €16k | €33k | ▲ 113% |
| Recurring financial charges65 | €15k | €13k | €14k | €16k | €33k | ▲ 113% |
| Profit (loss) for the period before taxes9903 | €12k | €23k | €97k | €8k | €-111k | ▼ 1,477% |
| Income taxes67/77 | €278 | €9k | €13k | €730 | €8k | ▲ 1,003% |
| Profit (loss) for the period9904 | €12k | €13k | €84k | €7k | €-119k | ▼ 1,725% |
| Profit (loss) for the period to be appropriated9905 | €12k | €13k | €84k | €7k | €-119k | ▼ 1,725% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €616k | €558k | €591k | €719k | €842k | ▲ 17.2% |
| Fixed assets21/28 | €488k | €430k | €405k | €549k | €357k | ▼ 35.0% |
| Tangible fixed assets22/27 | €488k | €430k | €405k | €549k | €354k | ▼ 35.5% |
| Land and buildings22 | - | €427k | €404k | €518k | €331k | ▼ 36.1% |
| Plant, machinery and equipment23 | - | €2k | €1k | €774 | €321 | ▼ 58.6% |
| Furniture and vehicles24 | - | €2k | €0 | - | - | - |
| Other tangible fixed assets26 | - | - | - | €30k | €23k | ▼ 23.8% |
| Financial fixed assets28 | - | - | - | - | €3k | - |
| Current assets29/58 | €129k | €128k | €186k | €170k | €486k | ▲ 186% |
| Stocks and contracts in progress3 | €0 | - | - | - | €335k | - |
| Contracts in progress37 | - | - | - | - | €335k | - |
| Amounts receivable within one year40/41 | €128k | €96k | €186k | €152k | €150k | ▼ 1.4% |
| Trade receivables40 | - | €95k | €181k | €152k | €150k | ▼ 1.4% |
| Other amounts receivable41 | - | €2k | €5k | €324 | €331 | ▲ 2.2% |
| Cash at bank and in hand54/58 | €461 | €379 | €0 | €7k | €87 | ▼ 98.8% |
| Deferred charges and accrued income490/1 | - | €31k | €0 | €10k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €616k | €558k | €591k | €719k | €842k | ▲ 17.2% |
| Equity10/15 | €38k | €52k | €136k | €143k | €25k | ▼ 82.8% |
| Contributions10/11 | - | €100k | €100k | €100k | €100k | = |
| Reserves13 | €1k | €1k | €36k | €43k | €43k | = |
| Non-distributable reserves130/1 | - | €1k | €1k | €0 | - | - |
| Reserves not available under the articles1311 | - | €1k | €1k | €0 | - | - |
| Distributable reserves133 | - | €368 | €35k | €43k | €43k | = |
| Profit (loss) carried forward14 | €-63k | €-50k | €0 | - | €-119k | - |
| Amounts payable17/49 | €578k | €506k | €455k | €576k | €818k | ▲ 42.0% |
| Amounts payable after more than one year17 | €323k | €428k | €366k | €470k | €575k | ▲ 22.2% |
| Financial debts170/4 | - | €428k | €366k | €470k | €575k | ▲ 22.2% |
| Amounts payable within one year42/48 | €256k | €79k | €90k | €106k | €237k | ▲ 124% |
| Current portion of amounts payable after more than one year42 | - | €61k | €62k | €64k | €65k | ▲ 2.7% |
| Financial debts43 | - | €0 | €6 | €0 | €34 | - |
| Credit institutions430/8 | - | €0 | €6 | €0 | €34 | - |
| Trade debts44 | €35k | €13k | €0 | €1k | €47k | ▲ 4,043% |
| Suppliers440/4 | - | €13k | €0 | €1k | €47k | ▲ 4,043% |
| Taxes, remuneration and social security45 | - | €748 | €15k | €19k | €14k | ▼ 29.3% |
| Taxes450/3 | - | €575 | €13k | €19k | €14k | ▼ 28.6% |
| Remuneration and social security454/9 | - | €173 | €2k | €173 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €4k | €12k | €22k | €111k | ▲ 404% |
| Accrued charges and deferred income492/3 | - | - | - | - | €6k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €13k | €84k | €7k | €-119k | ▼ 1,725% |
| + Depreciation and write-downs630 | €34k | €58k | €34k | €35k | €36k | ▲ 1.2% |
| Operating cash flow (approximation) | €46k | €71k | €119k | €43k | €-83k | ▼ 294% |
| Investment in fixed assets (approximation) | - | €-289 | €-9k | €-179k | €157k | ▲ 187% |
| Change in cash | - | €-82 | €-379 | €7k | €-7k | ▼ 199% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-119k
Net result drops to €-119k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
20-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 385 days late
2023
30-06
Financial
Highest result since 2019net €84k ▲533%
Operating result €89k, net result €84k, both a record.
30-06
Financial
Equity above €100kEq €136k ▲163%
3 profitable years in a row build equity to €136k.
2022
30-06
Financial
Liquidity triplescurrent ratio 1.63
Current ratio from 0.50 to 1.63; short-term debt falls from €256k to €79k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 164 days late
30-06
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 274 days late
Show earlier events
2019
26-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
2018
31-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Ingelmunster · 1 establishment unit since 2009
Ground area
1,255 m²
Building footprint
219 m²
Volume, LiDAR
1,023 m³
Parcel 36007B1442/00C000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ELRI
since 20092.178.022.459
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007B1442/00C000 | Flanders | 1,255 m² | 1 · 219 m² | 9.3 m · 2 fl. |
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.
Similar companies · same sector, comparable size
iMatch
BE 0635.632.189
Antwerpen · Eq €24,612
SIMON CONSULT
BE 0825.543.046
Brunehaut · Eq €24,609
AMALFI
BE 0771.761.494
Gent · Eq €24,604
LOUWAGIE CONSULTING
BE 0667.810.851
Laarne · Eq €24,598
PUNTMUM
BE 0809.384.628
Merchtem · Eq €24,596
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 32,764 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
Founded30-04-2009
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.