ELSO
InactiveInactive; last annual accounts for fiscal year 2013.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2013. Since then, 12 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filingsPosition against the passed deadline
31-12-2014 close31-07-2015 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2013 was due by 31-07-2014 and was filed on 28-07-2014, 3 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2013, abbreviated schema
Equity
€1.4m▼ 5.5%
2012 · €1.5m
Total assets
€1.4m▼ 24.8%
2012 · €1.9m
Net result
-€82,582▲ 18.8%
2012 · -€101,691
Working capital
€1.1m▼ 6.7%
2012 · €1.2m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2010201120122013
Operating result€4,087--€4,335-€114,241▼ 2,536%-€82,830▲ 27.5%
Net result€4,367-€2.0m▲ 45,472%-€101,691-€82,582▲ 18.8%
Equity€22,967-€2.0m▲ 8,666%€1.5m▼ 24.9%€1.4m▼ 5.5%
Total assets€28,559-€2.0m▲ 6,968%€1.9m▼ 5.2%€1.4m▼ 24.8%
Debt€5,592-€5,353▼ 4.3%€402,076▲ 7,411%€9,604▼ 97.6%
Working capital€20,889-€2.0m▲ 9,496%€1.2m▼ 40.3%€1.1m▼ 6.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €82,830 in 2013 against €114,241 in 2012; the loss shrinks.
Balance-sheet composition
2013 in colour, 2012 as the grey bar beneath
Assets €1.4m
Fixed assets
€312,842 ▼ 0.8%
Current assets
€1.1m ▼ 29.6%
Equity and liabilities €1.4m
Equity
€1.4m ▼ 5.5%
Debt
€9,604 ▼ 97.6%
Debt's share of the balance-sheet total falls from 21.0% to 0.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€80,201▲
2012 · -€111,613
Cash flow
-€79,954▲
2012 · -€99,063
ROE
-5.8%▲
2012 · -6.7%
ROA
-5.7%▼
2012 · -5.3%
Debt ≤ 1 year
€9,604▼
2012 · €402,076
Income taxes
€171▼
2012 · €2,925
A ratio outside any meaningful range has been withheld (balance sheet total €1.4m, equity €1.4m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,331 | €1,552 | €2,628 | €2,628 | = |
| Gross operating margin9900 | €14,671 | -€2,373 | -€110,814 | -€73,944 | ▲ 33.3% |
| Operating profit (loss)9901 | €4,087 | -€4,335 | -€114,241 | -€82,830 | ▲ 27.5% |
| Recurring financial income75 | €376 | €446 | €22,242 | €1,482 | ▼ 93.3% |
| Recurring financial charges65 | €91 | €242 | €767 | €1,064 | ▲ 38.7% |
| Profit (loss) for the period before taxes9903 | €4,372 | €2.0m | -€98,766 | -€82,411 | ▲ 16.6% |
| Income taxes67/77 | €4 | €2,404 | €2,925 | €171 | ▼ 94.2% |
| Profit (loss) for the period9904 | €4,367 | €2.0m | -€101,691 | -€82,582 | ▲ 18.8% |
| Profit (loss) for the period to be appropriated9905 | €4,367 | €2.0m | -€101,691 | -€82,582 | ▲ 18.8% |
| Line | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €28,559 | €2.0m | €1.9m | €1.4m | ▼ 24.8% |
| Fixed assets21/28 | €2,078 | €8,671 | €315,471 | €312,842 | ▼ 0.8% |
| Tangible fixed assets22/27 | €2,078 | €5,571 | €6,171 | €3,542 | ▼ 42.6% |
| Financial fixed assets28 | - | €3,100 | €309,300 | €309,300 | = |
| Current assets29/58 | €26,481 | €2.0m | €1.6m | €1.1m | ▼ 29.6% |
| Amounts receivable within one year40/41 | €9,218 | €2.0m | €879,272 | €901,339 | ▲ 2.5% |
| Current investments50/53 | - | - | €131,010 | €130,078 | ▼ 0.7% |
| Cash at bank and in hand54/58 | €17,263 | €5,858 | €581,882 | €94,200 | ▼ 83.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €28,559 | €2.0m | €1.9m | €1.4m | ▼ 24.8% |
| Equity10/15 | €22,967 | €2.0m | €1.5m | €1.4m | ▼ 5.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1.5m | €1.4m | ▼ 5.5% |
| Profit (loss) carried forward14 | €2,507 | €2.0m | €2,507 | €2.0m | ▲ 79,378% |
| Amounts payable17/49 | €5,592 | €5,353 | €402,076 | €9,604 | ▼ 97.6% |
| Amounts payable within one year42/48 | €5,592 | €5,353 | €402,076 | €9,604 | ▼ 97.6% |
| Trade debts44 | - | €1,768 | €1,790 | €7,244 | ▲ 305% |
| Line | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,367 | €2.0m | -€101,691 | -€82,582 | ▲ 18.8% |
| + Depreciation and write-downs630 | €1,331 | €1,552 | €2,628 | €2,628 | = |
| Operating cash flow (approximation) | €5,698 | €2.0m | -€99,063 | -€79,954 | ▲ 19.3% |
| Investment in fixed assets (approximation) | - | -€8,145 | -€309,428 | €0 | ▲ 100% |
| Change in cash | - | -€11,405 | €576,024 | -€487,682 | ▼ 185% |
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
2015
24-08
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2014
28-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
31-12
Financial
Liquidity times 29current ratio 117.22
Current ratio from 3.97 to 117.22; short-term debt falls from €402,076 to €9,604.
16-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 16 days late
2012
31-12
Financial
Weakest financial yearnet -€101,691
Net result drops to -€101,691, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
31-12
Financial
Highest result since 2010net €2.0m ▲45,472%
Net result €2.0m, the highest in the series.
31-12
Financial
Liquidity times 79current ratio 375.48
Current ratio from 4.74 to 375.48; short-term debt falls from €5,592 to €5,353.
31-12
Financial
Equity above €2mEq €2.0m ▲8,666%
2 profitable years in a row build equity to €2.0m.
05-07
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.