ELSAM
ActiveSummary
The latest annual accounts of ELSAM were filed more than 90 days after the deadline. The 2019 annual accounts show negative equity (-€24,280) and a net result of €1,126. The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
No current score
Figures too old
The available figures for FY 2019 are too old to assess current financial health.
Filing: Filed more than 90 days late
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2019 · tick = 2018
Profitability39▲+39
Solvency10=
Growth78
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2019Solvency, return and age of the figures
Solvency
-15.5%
Return on assets
0.7%
Age of the figures
81 mo
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 2 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline29-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 30-10-2020, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2019 accounts 91 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2019, micro schema
Equity
-€24,280▲ 4.4%
2018 · -€25,406
Total assets
€157,004▼ 5.8%
2018 · €166,677
Net result
€1,126
2018 · -€31,606
Working capital
-€30,718▼ 5.6%
2018 · -€29,077
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019
Operating result-€27,062-€5,725
Net result-€31,606-€1,126
Equity-€25,406--€24,280▲ 4.4%
Total assets€166,677-€157,004▼ 5.8%
Debt€192,083-€181,284▼ 5.6%
Working capital-€29,077--€30,718▼ 5.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2019: €5,725 after a loss of €27,062 in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €157,004
Fixed assets
€135,940 ▼ 4.5%
Current assets
€21,064 ▼ 13.5%
Key figures and ratios
EBITDA
€12,100▲
2018 · €7,190
Cash flow
€7,501▲
2018 · €2,645
Solvency
-15.5%▼
2018 · -15.2%
Current ratio
0.41▼
2018 · 0.46
Debt to equity
-5.33▲
2018 · -5.46
ROA
0.7%▲
2018 · -19.0%
Debt ≤ 1 year
€51,782▼
2018 · €53,439
Debt > 1 year
€129,503▼
2018 · €138,644
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,252 | €6,375 | ▼ 81.4% |
| Gross operating margin9900 | €8,928 | €13,634 | ▲ 52.7% |
| Operating profit (loss)9901 | -€27,062 | €5,725 | ▲ 121% |
| Recurring financial charges65 | €4,544 | €4,599 | ▲ 1.2% |
| Profit (loss) for the period before taxes9903 | -€31,606 | €1,126 | ▲ 104% |
| Profit (loss) for the period9904 | -€31,606 | €1,126 | ▲ 104% |
| Profit (loss) for the period to be appropriated9905 | -€31,606 | €1,126 | ▲ 104% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €166,677 | €157,004 | ▼ 5.8% |
| Fixed assets21/28 | €142,315 | €135,940 | ▼ 4.5% |
| Tangible fixed assets22/27 | €142,315 | €135,940 | ▼ 4.5% |
| Current assets29/58 | €24,362 | €21,064 | ▼ 13.5% |
| Cash at bank and in hand54/58 | €3,082 | €2,212 | ▼ 28.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €166,677 | €157,004 | ▼ 5.8% |
| Equity10/15 | -€25,406 | -€24,280 | ▲ 4.4% |
| Contributions10/11 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€31,606 | -€30,480 | ▲ 3.6% |
| Amounts payable17/49 | €192,083 | €181,284 | ▼ 5.6% |
| Amounts payable after more than one year17 | €138,644 | €129,503 | ▼ 6.6% |
| Amounts payable within one year42/48 | €53,439 | €51,782 | ▼ 3.1% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€31,606 | €1,126 | ▲ 104% |
| + Depreciation and write-downs630 | €34,252 | €6,375 | ▼ 81.4% |
| Operating cash flow (approximation) | €2,645 | €7,501 | ▲ 184% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€870 | - |
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
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €1,126
Net result €1,126 after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
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.
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Directors · office · real estate
Directors
1 act for this company is 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, Trooz
Ground area
335 m²
Building footprint
56 m²
Volume, LiDAR
445 m³
Parcel 62040D0144/00B002, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62040D0144/00B002 | Wallonia | 335 m² | 1 · 56 m² | 10.6 m · 3 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded19-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
47210Retail sale of fruit and vegetables
E-invoicing
Not found in the Peppol register
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Register as of 29 September 2026 · Peppol Directory
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