ELROCE
ActiveSummary
ELROCE has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23k and a net result of €3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability22▲+11
Solvency26=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 2.78 against 0.65 in 2024; short-term debt: 4% and cash: 0.3% of total assets), but 99.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
0.5%
Return on assets
0.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 14079 sector peers (2025).
NBB · sector comparisonPosition among 14079 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-08-2026, 1 day 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 · 6 filingsDeviation from the deadline
2025
1 d late
2024
2 d late
2023
17 d late
2022
29 d late
2021
122 d early
2020
75 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€23k▲ 16.5%
2024 · €20k
2020: €-90k
2021: €-148k
2022: €-202k
2023: €206k
2024: €20k
2020 → 2025
Total assets
€4.16M▲ 43.9%
2024 · €2.89M
2020: €677k
2021: €659k
2022: €629k
2023: €2.47M
2024: €2.89M
2020 → 2025
Net result
€3k
2024 · €-186k
2020: €-100k
2021: €-58k
2022: €-55k
2023: €408k
2024: €-186k
2020 → 2025
Working capital
€299k
2024 · €-71k
2020: €13k
2021: €10k
2022: €2k
2023: €-36k
2024: €-71k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-148k-€-202k▼ 37.1%€206k€20k▼ 90.5%€23k▲ 16.5%
Operating result€-57k-€-54k▲ 5.2%€-34k▲ 37.5%€-118k▼ 248%€-57k▲ 51.8%
Net result€-58k-€-55k▲ 5.7%€408k€-186k€3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €57k in 2025 against €118k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.16M
Fixed assets
€3.69M ▲ 33.9%
Current assets
€467k ▲ 252%
Equity and liabilities €4.16M
Equity
€23k ▲ 16.5%
Debt
€4.13M ▲ 44.1%
Debt's share of the balance-sheet total rises from 99.3% to 99.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24k▲
2024 · €-74k
Cash flow
€84k▲
2024 · €-143k
Current ratio
2.78▲
2024 · 0.65
ROE
14.1%▲
2024 · -953.0%
ROA
0.1%▲
2024 · -6.5%
Interest coverage
0.36▲
2024 · -1.06
Debt ≤ 1 year
€168k▼
2024 · €204k
Debt > 1 year
€3.94M▲
2024 · €2.64M
Income taxes
€-31▲
2024 · €-1k
A ratio outside any meaningful range has been withheld (balance sheet total €4.16M, equity €23k).
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.89M€4.16M▲
Fixed assets21/28€2.76M€3.69M▲
Tangible fixed assets22/27€953k€1.89M▲
Land and buildings22€940k€1.88M▲
Furniture and vehicles24€13k€9k▼
Financial fixed assets28€1.80M€1.80M=
Current assets29/58€133k€467k▲
Amounts receivable within one year40/41€22k€444k▲
Trade receivables40€3k€30k▲
Other amounts receivable41€19k€414k▲
Cash at bank and in hand54/58€100k€12k▼
Deferred charges and accrued income490/1€10k€11k▲
Equity and liabilities
Total equity and liabilities10/49€2.89M€4.16M▲
Equity10/15€20k€23k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€10k€13k▲
Amounts payable17/49€2.87M€4.13M▲
Amounts payable after more than one year17€2.64M€3.94M▲
Financial debts170/4€671k€1.23M▲
Other amounts payable178/9€1.97M€2.72M▲
Amounts payable within one year42/48€204k€168k▼
Current portion of amounts payable after more than one year42€117k€166k▲
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Other amounts payable47/48€83k-
Accrued charges and deferred income492/3€22k€23k▲
Income statement
Code20242025
Remuneration, social security and pensions62€226-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€80k▲
Other operating charges640/8€32k€9k▼
Gross operating margin9900€-42k€33k▲
Operating profit (loss)9901€-118k€-57k▲
Financial income75/76B€104€125k▲
Recurring financial income75€104€125k▲
Financial charges65/66B€70k€65k▼
Recurring financial charges65€70k€65k▼
Profit (loss) for the period before taxes9903€-188k€3k▲
Income taxes67/77€-1k€-31▲
Profit (loss) for the period9904€-186k€3k▲
Profit (loss) for the period to be appropriated9905€-186k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€13k▲
Profit (loss) brought forward from the previous period14P€196k€10k▼
The notes to these accounts (10 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
01-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 1 day late
2025
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 2.78
Current ratio from 0.65 to 2.78; short-term debt falls from €204k to €168k.
02-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 2 days late
2024
31-12
Financial
Weakest financial yearnet €-186k ▼146%
Net result drops to €-186k, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 17 days late
2023
31-12
Financial
Back to profitnet €408k
Net result €408k after 3 loss-making years.
31-12
Financial
Equity above €200kEq €206k
Equity rises from €-202k to €206k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Ciney · 1 establishment unit since 2019
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.
Saint Gilles 475590 CineyGround area
3,348 m²
Building footprint
1,707 m²
Parcel 91030B0245/00H003, Wallonia. Linked by address, not a title deed.
1 establishment unit
ELROCE
since 20192.292.122.866
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91030B0245/00H003 | Wallonia | 3,348 m² | 1 · 1,707 m² | - |
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.
Similar companies · same sector, comparable size
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A&S INVEST
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 2,599 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68121Development of residential building projects
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:quentin@filsfils.be
Phone:+32475805694
E-mail:quentin_filsfils@hotmail.com