ELSING
ActiveELSING has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €129k and a net result of €7k. Equity is growing by ~33% per year across the filed fiscal years. Its solvency ranks better than 92% of 8601 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
95
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▼-6
Solvency100=
Growth54▼-2
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 17.07 against 16.3 in 2024; short-term debt: 4.7% and cash: 76.3% of total assets), and 5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 70
Relative position
BE, all sectors
reference
Sector 70
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
95%
Return on assets
5.5%
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
74 d early
2023
28 d early
2022
69 d early
2021
3 d early
2020
6 d early
2019
16 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€70k▼ 18.6%
2024 · €86k
2018: €128k
2019: €125k
2021: €100k
2022: €114k
2023: €113k
2024: €86k
2018 → 2025
EBIT margin
17.3%▼ 11.4pp
2024 · 28.6%
2018: 0.3%
2019: 3.0%
2021: 22.5%
2022: 38.1%
2023: 41.3%
2024: 28.6%
2018 → 2025
Net result
€7k▼ 53.5%
2024 · €16k
2018: €-906
2019: €2k
2021: €15k
2022: €29k
2023: €30k
2024: €16k
2018 → 2025
Working capital
€103k▲ 15.7%
2024 · €89k
2018: €-13k
2019: €-3k
2021: €-5k
2022: €30k
2023: €67k
2024: €89k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€100k-€114k▲ 13.6%€113k▼ 0.5%€86k▼ 24.2%€70k▼ 18.6%
Equity€47k-€76k▲ 61.8%€106k▲ 39.9%€122k▲ 15.1%€129k▲ 6.1%
Operating result€23k-€43k▲ 92.1%€47k▲ 7.9%€25k▼ 47.4%€12k▼ 50.9%
Net result€15k-€29k▲ 93.0%€30k▲ 4.5%€16k▼ 47.0%€7k▼ 53.5%
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 has fallen two years in a row; 2025 is 51% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €136k
Fixed assets
€27k▼ 18.8%
Current assets
€109k▲ 15.4%
Equity and liabilities €136k
Equity
€129k▲ 6.1%
Debt
€7k▲ 16.0%
The debt ratio rises from 4.6% to 5.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18k▼
2024 · €31k
Cash flow
€14k▼
2024 · €22k
Solvency
95.0%▼
2024 · 95.4%
Current ratio
17.07▲
2024 · 16.30
Quick ratio
16.99▲
2024 · 16.08
Debt / equity
0.05▲
2024 · 0.05
ROE
5.8%▼
2024 · 13.1%
ROA
5.5%▼
2024 · 12.5%
Interest coverage
119.23▲
2024 · 110.11
Debt
€7k▲
2024 · €6k
Debt ≤ 1 year
€6k▲
2024 · €6k
Income taxes
€6k▼
2024 · €10k
Staff costs
€456▼
2024 · €638
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€128k€136k▲
Fixed assets21/28€33k€27k▼
Intangible fixed assets21-€0
Tangible fixed assets22/27€33k€27k▼
Land and buildings22€31k€26k▼
Plant, machinery and equipment23€2k€783▼
Current assets29/58€95k€109k▲
Stocks and contracts in progress3€1k€509▼
Stocks30/36€1k€509▼
Amounts receivable within one year40/41-€5k
Trade receivables40-€5k
Cash at bank and in hand54/58€94k€104k▲
Equity and liabilities
Total equity and liabilities10/49€128k€136k▲
Equity10/15€122k€129k▲
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€95k€102k▲
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€94k€100k▲
Profit (loss) carried forward14€20k€21k▲
Amounts payable17/49€6k€7k▲
Amounts payable within one year42/48€6k€6k▲
Trade debts44€665€594▼
Suppliers440/4€665€594▼
Taxes, remuneration and social security45€5k€6k▲
Taxes450/3€4k€6k▲
Remuneration and social security454/9€1k-
Accrued charges and deferred income492/3-€338
Income statement
Code20242025
Turnover70€86k€70k▼
Goods, raw materials, services and sundry goods60/61€54k€51k▼
Remuneration, social security and pensions62€638€456▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Other operating charges640/8€505€520▲
Gross operating margin9900€32k€19k▼
Operating profit (loss)9901€25k€12k▼
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€279€153▼
Recurring financial charges65€279€153▼
Profit (loss) for the period before taxes9903€26k€14k▼
Income taxes67/77€10k€6k▼
Profit (loss) for the period9904€16k€7k▼
Profit (loss) for the period to be appropriated9905€16k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€35k€28k▼
Profit (loss) brought forward from the previous period14P€19k€20k▲
Transfer to equity691/2€15k€7k▼
To the legal reserve6920€15k€7k▼
The notes to these accounts (11 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
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €30k ▲4.5%
Operating result €47k, net result €30k, both a record.
31-12
Financial
Equity above €100kEq €106k ▲39.9%
4 profitable years in a row build equity to €106k.
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 7current ratio 5.09
Current ratio from 0.68 to 5.09; short-term debt falls from €15k to €7k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
26-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-06
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
2 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, Zoersel · 1 establishment unit since 1997
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.
Ruiterslaan 192980 ZoerselGround area
1,044 m²
Building footprint
266 m²
Volume, LiDAR
1,117 m³
Parcel 11017A0605/00A002, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Ruiterslaan 19, 2980 Zoersel
since 19972.080.850.730
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11017A0605/00A002 | Flanders | 1,044 m² | 1 · 266 m² | 6.6 m · 1 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.
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Of 82,524 companies in sector 70200 we hold annual accounts for 52,566. 40,847 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-03-1997
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
43211General electrical installation work
45310
71210
77120Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.