ELSO
ActiveSummary
ELSO has been active since 2001 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2024 annual accounts show negative equity (-€120,486) and a net result of €22,971. Equity is shrinking by ~38.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
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Signals
This company filed its last 6 accounts on average 126 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 516 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 92% are still going.
- Small
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
A further 1.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 516 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €38,041 | €54,200 | €32,870 | €56,000 | €99,347 | ▲ 77.4% |
| Goods, raw materials, services and sundry goods60/61 | - | €8,200 | €1,074 | €6,188 | €43,975 | ▲ 611% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,705 | €30,505 | €30,672 | €30,672 | €30,828 | ▲ 0.5% |
| Other operating charges640/8 | - | €1,313 | €248 | €15,579 | - | - |
| Non-recurring operating charges66A | - | - | €2,885 | - | - | - |
| Gross operating margin9900 | -€3,961 | €46,214 | €31,797 | €49,812 | €56,348 | ▲ 13.1% |
| Operating profit (loss)9901 | -€38,960 | €14,397 | -€2,009 | €3,561 | €25,520 | ▲ 617% |
| Financial charges65/66B | - | €0 | €44 | €1,205 | €253 | ▼ 79.0% |
| Recurring financial charges65 | €16,418 | €0 | €44 | €1,205 | €253 | ▼ 79.0% |
| Profit (loss) for the period before taxes9903 | -€55,378 | €14,397 | -€2,052 | €2,356 | €25,267 | ▲ 973% |
| Income taxes67/77 | - | - | €158,954 | - | €2,297 | - |
| Profit (loss) for the period9904 | -€55,378 | €14,397 | -€161,006 | €2,356 | €22,971 | ▲ 875% |
| Profit (loss) for the period to be appropriated9905 | -€55,378 | €14,397 | -€161,006 | €2,356 | €22,971 | ▲ 875% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €640,733 | €479,961 | €394,254 | €485,915 | €479,819 | ▼ 1.3% |
| Fixed assets21/28 | €577,260 | €459,742 | €390,398 | €459,726 | €435,867 | ▼ 5.2% |
| Tangible fixed assets22/27 | €577,260 | €459,742 | €390,398 | €459,726 | €435,867 | ▼ 5.2% |
| Land and buildings22 | - | €459,742 | €390,398 | €459,726 | €435,867 | ▼ 5.2% |
| Current assets29/58 | €63,473 | €20,219 | €3,856 | €26,190 | €43,952 | ▲ 67.8% |
| Amounts receivable within one year40/41 | - | - | - | €19,630 | €2,000 | ▼ 89.8% |
| Trade receivables40 | - | - | - | €19,630 | €2,000 | ▼ 89.8% |
| Other amounts receivable41 | - | - | - | - | €0 | - |
| Cash at bank and in hand54/58 | €63,473 | €18,369 | €3,856 | €6,560 | €41,952 | ▲ 540% |
| Deferred charges and accrued income490/1 | - | €1,850 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €640,733 | €479,961 | €394,254 | €485,915 | €479,819 | ▼ 1.3% |
| Equity10/15 | -€17,131 | €2,946 | -€145,813 | -€143,457 | -€120,486 | ▲ 16.0% |
| Contributions10/11 | €84,874 | €184,874 | €184,874 | €184,874 | €184,874 | = |
| Capital10 | - | €184,874 | €184,874 | €184,874 | €184,874 | = |
| Issued capital100 | - | €189,000 | €189,000 | €189,000 | €189,000 | = |
| Uncalled capital101 | - | €4,126 | €4,126 | €4,126 | €4,126 | = |
| Reserves13 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Non-distributable reserves130/1 | - | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Legal reserve130 | - | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Profit (loss) carried forward14 | -€203,905 | -€183,828 | -€332,587 | -€330,231 | -€307,260 | ▲ 7.0% |
| Amounts payable17/49 | €657,864 | €477,015 | €540,067 | €629,372 | €600,305 | ▼ 4.6% |
| Amounts payable after more than one year17 | €167,344 | €130,829 | €0 | - | - | - |
| Financial debts170/4 | - | €130,829 | €0 | - | - | - |
| Amounts payable within one year42/48 | €490,520 | €346,186 | €540,067 | €629,372 | €600,305 | ▼ 4.6% |
| Current portion of amounts payable after more than one year42 | - | - | €0 | - | - | - |
| Financial debts43 | - | - | €0 | - | - | - |
| Credit institutions430/8 | - | - | €0 | - | - | - |
| Trade debts44 | €794 | €1,030 | €1,323 | €976 | €21,372 | ▲ 2,090% |
| Suppliers440/4 | - | €1,030 | €1,323 | €976 | €21,372 | ▲ 2,090% |
| Taxes, remuneration and social security45 | - | €17,641 | €144,896 | €130,496 | €117,193 | ▼ 10.2% |
| Taxes450/3 | - | €17,641 | €144,896 | €130,496 | €117,193 | ▼ 10.2% |
| Other amounts payable47/48 | - | €327,514 | €393,848 | €497,900 | €461,741 | ▼ 7.3% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€55,378 | €14,397 | -€161,006 | €2,356 | €22,971 | ▲ 875% |
| + Depreciation and write-downs630 | €33,705 | €30,505 | €30,672 | €30,672 | €30,828 | ▲ 0.5% |
| Operating cash flow (approximation) | -€21,673 | €44,902 | -€130,334 | €33,028 | €53,799 | ▲ 62.9% |
| Investment in fixed assets (approximation) | - | €87,013 | - | -€100,000 | -€6,970 | ▲ 93.0% |
| Change in cash | - | -€45,104 | - | €2,703 | €35,393 | ▲ 1,209% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62312B0024/00S005 | Wallonia | 4,492 m² | 1 · 1,056 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.