Age3 yrs
Real estate1 parcel · 3,635 m²
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of ELSEAS is 0.7% (low). The 2023 annual accounts show equity of €58k and a net result of €56k. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Trust signals
3 signalsMore than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags
0 events
No administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.7%
Low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Young company
+Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€56k
Working capital€57k
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 18-08-2025 with the NBB · fiscal year 2024 · micro
| Fiscal year | 2023 |
|---|---|
| Revenue | - |
| EBITDA | €71k |
| Net profit | €56k |
| Cash flow | €56k |
| Staff costs | - |
| Income taxes | €14k |
| Dividends | - |
| Total assets | €86k |
| Equity | €58k |
| Debt | €28k |
| of which ≤ 1y | €28k |
| of which > 1y | - |
| Working capital | €57k |
| Employees (FTE) | - |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 3.04 |
| Quick ratio | 3.04 |
| Working capital ratio | 66.5% |
| Solvency | 67.4% |
| Debt / equity | 0.48 |
| Long-term debt ratio | - |
| Interest coverage | 2004.17 |
| Gross margin | - |
| Net margin | - |
| ROA | 65.1% |
| ROE | 96.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €86k |
| Fixed assets | 21/28 | €818 |
| Tangible fixed assets | 22/27 | €818 |
| Current assets | 29/58 | €85k |
| Amounts receivable within one year | 40/41 | €11k |
| Cash & bank | 54/58 | €74k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €86k |
| Equity | 10/15 | €58k |
| Contributions / capital | 10/11 | €2k |
| Accumulated profits (losses) | 14 | €56k |
| Amounts payable | 17/49 | €28k |
| Amounts payable within one year | 42/48 | €28k |
| Trade debts payable within one year | 44 | €120 |
| Income statement | ||
| Gross operating margin | 9900 | €71k |
| Operating result | 9901 | €70k |
| Financial charges | 65 | €35 |
| Result before taxes | 9903 | €70k |
| Income taxes | 67/77 | €14k |
| Net result for the period | 9904 | €56k |
| Result to be appropriated | 9905 | €56k |
Ratios computed by Checked.
Health barometer
FY 2023 · computed93
/ 100
Excellent
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Structure & network
Locations & real estate
Establishment units
1 locationELSEAS
since 20232.339.281.494
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area3,635 m²
Buildings1
Building footprint798 m²
Volume (LiDAR)5,686 m³
Tallest building26.0 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41342B0933/00H000 | Flanders | 3,635 m² | 1 · 798 m² | 26.0 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Analysis
Snowflake analysis
financial profile on 5 axes84
/ 100
Exceptional profile, strong across almost every axis.
Health
93
Profitability
100
Solvency
100
Growth
50
Stability
79
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Company registry (CBE)
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Primary activity highlighted.
Names & trade names
| Legal nameNL | ELSEAS |
Registered office
Groeneweg 17
9320 Aalst, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.