From the official registers: KBO 1 annual account at the National Bank publications in the Belgian Official Gazette
Summary
ELSARA is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €45,401 and a net result of €122,626. Its solvency ranks better than 13% of 9,750 sector peers (NACE 64, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 27-05-2026
- Format
- micro format
- Reference
- 2026-00121895
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €238 |
| Other operating charges640/8 | €400 |
| Gross operating margin9900 | €63,490 |
| Operating profit (loss)9901 | €62,852 |
| Financial income75/76B | €114,286 |
| Recurring financial income75 | €114,286 |
| Financial charges65/66B | €13,426 |
| Recurring financial charges65 | €13,426 |
| Profit (loss) for the period before taxes9903 | €163,712 |
| Income taxes67/77 | €41,086 |
| Profit (loss) for the period9904 | €122,626 |
| Profit (loss) for the period to be appropriated9905 | €122,626 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €717,320 | |
| Fixed assets21/28 | €601,207 | |
| Tangible fixed assets22/27 | €1,207 | |
| Plant, machinery and equipment23 | €1,207 | |
| Financial fixed assets28 | €600,000 | |
| Current assets29/58 | €116,113 | |
| Cash at bank and in hand54/58 | €116,113 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €717,320 | |
| Equity10/15 | €45,401 | |
| Contributions10/11 | €8,500 | |
| Reserves13 | €36,901 | |
| Distributable reserves133 | €36,901 | |
| Amounts payable17/49 | €671,919 | |
| Amounts payable after more than one year17 | €505,000 | |
| Financial debts170/4 | €505,000 | |
| Amounts payable within one year42/48 | €166,919 | |
| Current portion of amounts payable after more than one year42 | €60,000 | |
| Trade debts44 | €3,569 | |
| Suppliers440/4 | €3,569 | |
| Taxes, remuneration and social security45 | €17,435 | |
| Taxes450/3 | €14,624 | |
| Remuneration and social security454/9 | €2,810 | |
| Other amounts payable47/48 | €85,915 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €122,626 |
| + Depreciation and write-downs630 | €238 |
| Operating cash flow (approximation) | €122,864 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-05-2026 | 2026-00121895 | NBB |
Comparable companies
These companies have the same main activity as ELSARA: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €632,000 and €875,000, founded between 2024 and 2025.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| ELSARA Chimay | 2025 | €717,320 | €45,401 | €63,490 | €122,626 | - | 2025 |
| PROBATO Merelbeke-Melle | 2024 | €714,399 | €36,647 | €67,245 | €36,299 | - | 2026 |
| HMINVEST Florennes | 2025 | €632,162 | €382,477 | €72,122 | €378,477 | - | 2025 |
| STAN Optiek Balen Balen | 2024 | €674,717 | €153,241 | €55,490 | €148,241 | - | 2025 |
| PanaKara Stabroek | 2025 | €874,670 | €88,414 | €54,150 | €83,414 | - | 2025 |
| SLJ Management Kalmthout | 2024 | €681,176 | €24,543 | €69,166 | €21,543 | - | 2025 |
| Crimson7 Zaventem | 2024 | €658,925 | €85,453 | €55,568 | €11,953 | 3 | 2025 |
They were chosen from the 20,097 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.