Elrow
ActiveSummary
Elrow has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67,945 and a net result of €28,390. Equity is growing by ~36% per year across the filed fiscal years. Its solvency ranks better than 35% of 3221 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
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Signals
This company filed its last 3 accounts on average 37 days 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)
History
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Financials · fiscal year 2025, full schema
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.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 39,275 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,406 | €11,029 | €14,109 | ▲ 27.9% |
| Other operating charges640/8 | €27 | €496 | €271 | ▼ 45.4% |
| Gross operating margin9900 | €42,515 | €13,887 | €7,352 | ▼ 47.1% |
| Operating profit (loss)9901 | €41,082 | €2,362 | -€7,029 | ▼ 398% |
| Financial income75/76B | - | €0 | €36,723 | ▲ 183,615,600% |
| Recurring financial income75 | - | €0 | €36,723 | ▲ 183,615,600% |
| Financial charges65/66B | €267 | €1,801 | €1,481 | ▼ 17.8% |
| Recurring financial charges65 | €267 | €1,801 | €1,481 | ▼ 17.8% |
| Profit (loss) for the period before taxes9903 | €40,815 | €561 | €28,214 | ▲ 4,932% |
| Income taxes67/77 | €10,361 | €460 | -€176 | ▼ 138% |
| Profit (loss) for the period9904 | €30,454 | €100 | €28,390 | ▲ 28,191% |
| Profit (loss) for the period to be appropriated9905 | €30,454 | €100 | €28,390 | ▲ 28,191% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €151,470 | €170,074 | €193,226 | ▲ 13.6% |
| Fixed assets21/28 | €76,060 | €78,340 | €90,564 | ▲ 15.6% |
| Tangible fixed assets22/27 | €46,059 | €48,339 | €47,263 | ▼ 2.2% |
| Plant, machinery and equipment23 | €4,967 | €15,739 | €23,156 | ▲ 47.1% |
| Furniture and vehicles24 | €41,092 | €32,599 | €24,106 | ▼ 26.1% |
| Financial fixed assets28 | €30,001 | €30,001 | €43,301 | ▲ 44.3% |
| Current assets29/58 | €75,410 | €91,734 | €102,662 | ▲ 11.9% |
| Amounts receivable within one year40/41 | €7,978 | €20,776 | €11,213 | ▼ 46.0% |
| Trade receivables40 | €562 | €8,644 | €195 | ▼ 97.7% |
| Other amounts receivable41 | €7,416 | €12,132 | €11,019 | ▼ 9.2% |
| Cash at bank and in hand54/58 | €65,261 | €68,999 | €89,351 | ▲ 29.5% |
| Deferred charges and accrued income490/1 | €2,170 | €1,960 | €2,099 | ▲ 7.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €151,470 | €170,074 | €193,226 | ▲ 13.6% |
| Equity10/15 | €39,454 | €39,555 | €67,945 | ▲ 71.8% |
| Contributions10/11 | €9,000 | €9,000 | €9,000 | = |
| Profit (loss) carried forward14 | €30,454 | €30,555 | €58,945 | ▲ 92.9% |
| Amounts payable17/49 | €112,016 | €130,519 | €125,281 | ▼ 4.0% |
| Amounts payable after more than one year17 | €31,817 | €24,268 | €16,337 | ▼ 32.7% |
| Financial debts170/4 | €31,817 | €24,268 | €16,337 | ▼ 32.7% |
| Amounts payable within one year42/48 | €80,198 | €106,251 | €108,944 | ▲ 2.5% |
| Current portion of amounts payable after more than one year42 | €7,187 | €7,549 | €7,931 | ▲ 5.1% |
| Trade debts44 | €7,998 | €3,397 | €6,628 | ▲ 95.1% |
| Suppliers440/4 | €7,998 | €3,397 | €6,628 | ▲ 95.1% |
| Taxes, remuneration and social security45 | €10,361 | €468 | €7,394 | ▲ 1,480% |
| Taxes450/3 | €10,361 | €468 | €1,994 | ▲ 326% |
| Remuneration and social security454/9 | - | - | €5,400 | - |
| Other amounts payable47/48 | €54,653 | €94,836 | €86,990 | ▼ 8.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,454 | €100 | €28,390 | ▲ 28,191% |
| + Depreciation and write-downs630 | €1,406 | €11,029 | €14,109 | ▲ 27.9% |
| Operating cash flow (approximation) | €31,860 | €11,130 | €42,500 | ▲ 282% |
| Investment in fixed assets (approximation) | - | -€13,309 | -€26,333 | ▼ 97.9% |
| Change in cash | - | €3,738 | €20,352 | ▲ 444% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93014F0667/00S000 | Wallonia | 811 m² | 1 · 270 m² | - |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 1
-
10%
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
20%
According to the annual accounts to 30-09-2025 of Elrow and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.