ELSI Solutions
ActiveELSI Solutions has been active since 2018 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €2k and a net result of €-4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 80% of 16935 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
62
/ 100
Healthy▼ -24 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-18
Solvency100=
Growth32▼-20
Stability92
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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 2025Age of the figures
Age of the figures
18 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 22-10-2025, 9 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
9 d early
2024
8 d early
2023
7 d early
2022
6 d early
2021
5 d late
2020
18 d late
2019
25 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close15-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k▼ 97.6%
2024 · €77k
2019: €34k
2020: €62k
2021: €101k
2022: €143k
2023: €74k
2024: €77k
2019 → 2025
Total assets
€2k▼ 97.3%
2024 · €80k
2019: €54k
2020: €98k
2021: €127k
2022: €157k
2023: €140k
2024: €80k
2019 → 2025
Net result
€-4k
2024 · €3k
2019: €28k
2020: €29k
2021: €40k
2022: €42k
2023: €33k
2024: €3k
2019 → 2025
Working capital
€2k▼ 97.5%
2024 · €74k
2019: €34k
2020: €60k
2021: €92k
2022: €135k
2023: €70k
2024: €74k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€101k-€143k▲ 41.7%€74k▼ 48.0%€77k▲ 3.8%€2k▼ 97.6%
Operating result€51k-€55k▲ 7.0%€44k▼ 19.2%€4k▼ 91.0%€14▼ 99.7%
Net result€40k-€42k▲ 5.8%€33k▼ 20.3%€3k▼ 91.6%€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 100% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €2k
Equity
€2k▼ 97.6%
Debt
€326▼ 89.9%
The debt ratio rises from 4.0% to 15.2%: equity shrinks faster than debt is paid down.
Key figures and ratios
Debt
€326▼
2024 · €3k
Debt ≤ 1 year
€326▼
2024 · €2k
Ratios withheld: a balance sheet total of €2k is too small for a meaningful ratio.
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€80k€2k▼
Fixed assets21/28€5k-
Tangible fixed assets22/27€5k-
Plant, machinery and equipment23€296-
Furniture and vehicles24€4k-
Other tangible fixed assets26€411-
Current assets29/58€76k€2k▼
Amounts receivable after more than one year29€60k-
Trade receivables290€60k-
Amounts receivable within one year40/41€2k€2k=
Other amounts receivable41€2k€2k=
Cash at bank and in hand54/58€12k€100▼
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€80k€2k▼
Equity10/15€77k€2k▼
Contributions10/11€19k€6k▼
Reserves13€59k-
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€57k-
Profit (loss) carried forward14-€-4k
Amounts payable17/49€3k€326▼
Amounts payable within one year42/48€2k€326▼
Trade debts44€1k-
Suppliers440/4€1k-
Taxes, remuneration and social security45€139-
Taxes450/3€139-
Other amounts payable47/48€326€326=
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Non-recurring operating income76A-€6k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k-
Other operating charges640/8€161-
Gross operating margin9900€6k€14▼
Operating profit (loss)9901€4k€14▼
Financial income75/76B€3k-
Recurring financial income75€3k-
Financial charges65/66B€1k€4k▲
Recurring financial charges65€1k€4k▲
Profit (loss) for the period before taxes9903€6k€-4k▼
Income taxes67/77€3k-
Profit (loss) for the period9904€3k€-4k▼
Profit (loss) for the period to be appropriated9905€3k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€-4k▼
Transfer from equity791/2-€59k
Transfer to equity691/2€3k-
To other reserves6921€3k-
Profit to be distributed694/7-€59k
Return on contributions (dividend)694-€59k
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
2025
22-12
KBO administration
Address struck
Groeneweg 17 9320 Die Sitzadresse Groeneweg 17 9320 Aalst · event 17-11-2025
22-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €-4k ▼256%
Net result drops to €-4k, the lowest in the series.
2024
23-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Liquidity times 21current ratio 44.10
Current ratio from 2.09 to 44.10; short-term debt falls from €64k to €2k.
2023
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2019net €42k ▲5.8%
Operating result €55k, net result €42k, both a record.
31-03
Financial
Liquidity doublescurrent ratio 11.62
Current ratio from 4.73 to 11.62; short-term debt falls from €25k to €13k.
2021
05-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
31-03
Financial
Equity above €100kEq €101k ▲62.9%
3 profitable years in a row build equity to €101k.
2020
18-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2019
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are 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
1 establishment unit since 2018
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.
Ground area
4,238 m²
Building footprint
868 m²
Volume, LiDAR
6,216 m³
2 parcels, Flanders · tallest building 26.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ELSI Solutions
since 20182.277.499.523
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41342B0933/00H000 | Flanders | 3,635 m² | 1 · 798 m² | 26.0 m · 2 fl. |
| 23078A0077/00P002 | Flanders | 603 m² | 1 · 70 m² | 10.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2023 · 1 entry · 138 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 138 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,884 companies in sector 62200 we hold annual accounts for 18,321. 2,725 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-06-2018
Fiscal year end31-03
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
32200Other manufacturing
47594Retail trade
47690Retail sale of other cultural and recreation goods
59202Motion picture, video and television programme production, sound recording and music publishing activities
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.