Els De Groote
ActiveEls De Groote has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €277k and a net result of €45k. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 64% of 12675 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
94
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+3
Solvency94▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 5.33 against 4.47 in 2024; short-term debt: 9% and cash: 33.7% of total assets), and 30.8% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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
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
69.2%
Return on assets
11.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
40 d early
2023
39 d early
2022
51 d early
2021
36 d early
2020
32 d early
2019
30 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€277k▲ 8.6%
2024 · €255k
2018: €91k
2019: €113k
2020: €185k
2021: €191k
2022: €201k
2023: €224k
2024: €255k
2018 → 2025
Total assets
€401k▼ 1.4%
2024 · €406k
2018: €260k
2019: €297k
2020: €355k
2021: €344k
2022: €335k
2023: €395k
2024: €406k
2018 → 2025
Net result
€45k▲ 21.0%
2024 · €37k
2018: €5k
2019: €22k
2020: €75k
2021: €8k
2022: €23k
2023: €25k
2024: €37k
2018 → 2025
Working capital
€157k▲ 13.7%
2024 · €138k
2018: €7k
2019: €23k
2020: €91k
2021: €93k
2022: €104k
2023: €108k
2024: €138k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€191k-€201k▲ 5.5%€224k▲ 11.4%€255k▲ 13.8%€277k▲ 8.6%
Operating result€18k-€36k▲ 96.5%€40k▲ 11.6%€55k▲ 38.6%€66k▲ 19.4%
Net result€8k-€23k▲ 194%€25k▲ 8.7%€37k▲ 52.0%€45k▲ 21.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €401k
Fixed assets
€208k▼ 9.1%
Current assets
€193k▲ 8.6%
Equity and liabilities €401k
Equity
€277k▲ 8.6%
Debt
€123k▼ 18.2%
The debt ratio falls from 37.1% to 30.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€87k▲
2024 · €76k
Cash flow
€66k▲
2024 · €59k
Solvency
69.2%▲
2024 · 62.9%
Current ratio
5.33▲
2024 · 4.47
Quick ratio
5.33▲
2024 · 4.47
Debt / equity
0.45▼
2024 · 0.59
ROE
16.3%▲
2024 · 14.7%
ROA
11.3%▲
2024 · 9.2%
Interest coverage
17.90▲
2024 · 13.23
Debt
€123k▼
2024 · €151k
Debt ≤ 1 year
€36k▼
2024 · €40k
Debt > 1 year
€87k▼
2024 · €111k
Income taxes
€18k▲
2024 · €15k
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€406k€401k▼
Fixed assets21/28€229k€208k▼
Tangible fixed assets22/27€229k€208k▼
Land and buildings22€176k€169k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€49k€36k▼
Other tangible fixed assets26€2k€1k▼
Current assets29/58€178k€193k▲
Amounts receivable within one year40/41€31k€56k▲
Trade receivables40€26k€31k▲
Other amounts receivable41€6k€25k▲
Current investments50/53€90k€0▼
Cash at bank and in hand54/58€53k€135k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€406k€401k▼
Equity10/15€255k€277k▲
Contributions10/11€12k€12k=
Reserves13€243k€265k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€243k€265k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€151k€123k▼
Amounts payable after more than one year17€111k€87k▼
Financial debts170/4€111k€87k▼
Amounts payable within one year42/48€40k€36k▼
Current portion of amounts payable after more than one year42€23k€24k▲
Trade debts44€8k€5k▼
Suppliers440/4€8k€5k▼
Taxes, remuneration and social security45€6k€6k▲
Taxes450/3€6k€6k▲
Other amounts payable47/48€3k€2k▼
Accrued charges and deferred income492/3€285€38▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€8k€7k▼
Gross operating margin9900€84k€94k▲
Operating profit (loss)9901€55k€66k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€52k€64k▲
Income taxes67/77€15k€18k▲
Profit (loss) for the period9904€37k€45k▲
Profit (loss) for the period to be appropriated9905€37k€45k▲
Appropriation of the result
Profit (loss) to be appropriated9906€37k€45k▲
Transfer from equity791/2€5k€22k▲
Transfer to equity691/2€36k€44k▲
To other reserves6921€36k€44k▲
Profit to be distributed694/7€6k€23k▲
Return on contributions (dividend)694€6k€23k▲
The notes to these accounts (5 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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €200kEq €201k ▲5.5%
5 profitable years in a row build equity to €201k.
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Highest result since 2018net €75k ▲243%
Operating result €109k, net result €75k, both a record.
30-09
Financial
Liquidity doublescurrent ratio 4.20
Current ratio from 1.95 to 4.20.
30-09
Financial
Equity above €150kEq €185k ▲64.2%
3 profitable years in a row build equity to €185k.
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Equity above €100kEq €113k ▲24%
2 profitable years in a row build equity to €113k.
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-03
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.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Gavere · 1 establishment unit since 2005
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.
Pontweg 1259890 GavereGround area
1,491 m²
Building footprint
135 m²
Volume, LiDAR
642 m³
Parcel 44003A0242/00R004, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pontweg 125, 9890 Gavere
since 20052.185.534.021
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44003A0242/00R004 | Flanders | 1,491 m² | 1 · 135 m² | 7.0 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 1,306 EUR awarded · 1,306 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 405 EUR | 405 EUR |
| 2023 | 1 | 801 EUR | 801 EUR |
| 2022 | 1 | 100 EUR | 100 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,052 companies in sector 69101 we hold annual accounts for 9,053. 6,862 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-02-2005
Fiscal year end30-09
Activities, NACEBEL
69101Activities of lawyers
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:els@vancuyck.be
Phone:09/3849800