ELSIMA
ActiveELSIMA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.46M and a net result of €-44k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 87% of 9183 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▼-19
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity short (current ratio 0.4 against 0.43 in 2024; short-term debt: 15.5% and cash: 5.7% of total assets), and 15.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
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
84.2%
Return on assets
-2.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
22 d early
2023
9 d early
2022
on the day
2021
1 d early
2020
12 d early
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.46M▼ 3.0%
2024 · €1.50M
2019: €2.40M
2020: €2.41M
2021: €2.42M
2022: €2.42M
2023: €2.40M
2024: €1.50M
2019 → 2025
Total assets
€1.73M▼ 5.2%
2024 · €1.82M
2019: €2.41M
2020: €2.42M
2021: €2.43M
2022: €2.42M
2023: €2.41M
2024: €1.82M
2019 → 2025
Net result
€-44k
2024 · €6k
2019: €-7k
2020: €8k
2021: €6k
2022: €2k
2023: €-20k
2024: €6k
2019 → 2025
Working capital
€-161k▲ 11.4%
2024 · €-182k
2019: €446k
2020: €526k
2021: €601k
2022: €671k
2023: €701k
2024: €-182k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.42M-€2.42M▲ 0.1%€2.40M▼ 0.8%€1.50M▼ 37.3%€1.46M▼ 3.0%
Operating result€-20k-€-17k▲ 14.3%€-45k▼ 161%€36k€-26k
Net result€6k-€2k▼ 73.1%€-20k€6k€-44k
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 turns negative in 2025: a loss of €26k after €36k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.73M
Fixed assets
€1.62M▼ 3.8%
Current assets
€107k▼ 22.0%
Equity and liabilities €1.73M
Equity
€1.46M▼ 3.0%
Debt
€273k▼ 15.4%
The debt ratio falls from 17.7% to 15.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€52k▼
2024 · €110k
Cash flow
€34k▼
2024 · €80k
Solvency
84.2%▲
2024 · 82.3%
Current ratio
0.40▼
2024 · 0.43
Quick ratio
0.40▼
2024 · 0.43
Debt / equity
0.19▼
2024 · 0.21
ROE
-3.0%▼
2024 · 0.4%
ROA
-2.6%▼
2024 · 0.3%
Interest coverage
2.67▼
2024 · 4.49
Debt
€273k▼
2024 · €323k
Debt ≤ 1 year
€268k▼
2024 · €319k
Debt > 1 year
€4k▲
2024 · €3k
Income taxes
€151▼
2024 · €294
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€1.82M€1.73M▼
Fixed assets21/28€1.69M€1.62M▼
Tangible fixed assets22/27€1.69M€1.62M▼
Land and buildings22€1.64M€1.57M▼
Plant, machinery and equipment23€42k€38k▼
Furniture and vehicles24€5k€16k▲
Current assets29/58€137k€107k▼
Amounts receivable within one year40/41€3k€8k▲
Trade receivables40€3k€8k▲
Other amounts receivable41-€137
Cash at bank and in hand54/58€134k€99k▼
Deferred charges and accrued income490/1€354-
Equity and liabilities
Total equity and liabilities10/49€1.82M€1.73M▼
Equity10/15€1.50M€1.46M▼
Contributions10/11€1.24M€1.24M=
Capital10€1.24M€1.24M=
Issued capital100€1.24M€1.24M=
Reserves13€253k€163k▼
Non-distributable reserves130/1€124k€124k=
Legal reserve130€124k€124k=
Distributable reserves133€129k€39k▼
Profit (loss) carried forward14€10k€55k▲
Amounts payable17/49€323k€273k▼
Amounts payable after more than one year17€3k€4k▲
Other amounts payable178/9€3k€4k▲
Amounts payable within one year42/48€319k€268k▼
Trade debts44€6k€20k▲
Suppliers440/4€6k€20k▲
Taxes, remuneration and social security45€10k€9k▼
Taxes450/3€10k€9k▼
Other amounts payable47/48€303k€240k▼
Accrued charges and deferred income492/3-€998
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€78k▲
Other operating charges640/8€93k€49k▼
Non-recurring operating charges66A€5k-
Gross operating margin9900€208k€101k▼
Operating profit (loss)9901€36k€-26k▼
Financial income75/76B€624€961▲
Recurring financial income75€624€961▲
Financial charges65/66B€31k€20k▼
Recurring financial charges65€25k€20k▼
Non-recurring financial charges66B€6k-
Profit (loss) for the period before taxes9903€6k€-44k▼
Income taxes67/77€294€151▼
Profit (loss) for the period9904€6k€-44k▼
Profit (loss) for the period to be appropriated9905€6k€-44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€-35k▼
Profit (loss) brought forward from the previous period14P€4k€10k▲
Transfer from equity791/2-€90k
The notes to these accounts (4 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-44k ▼851%
Net result drops to €-44k, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
2023
21-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-04
Financial
Liquidity triplescurrent ratio 239.28
Current ratio from 82.29 to 239.28; short-term debt falls from €7k to €3k.
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
18-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-04
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-11
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
5 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
Registered office, Tienen · 1 establishment unit since 1988
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.
Leuvenselaan 453300 TienenGround area
214 m²
Building footprint
102 m²
Volume, LiDAR
746 m³
Parcel 24107A0091/00N007, Flanders · tallest building 13.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ELSIMA
since 19882.038.433.719
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24107A0091/00N007 | Flanders | 214 m² | 1 · 102 m² | 13.5 m · 3 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 2025 · 4 entries · 766 EUR awarded · 766 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 224 EUR | 224 EUR |
| 2024 | 1 | 56 EUR | 56 EUR |
| 2023 | 1 | 143 EUR | 205 EUR |
| 2022 | 1 | 343 EUR | 281 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 4,592 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-05-1988
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:els.moyens@skynet.be