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ELSON SERVICES

Active
Private limited companyfounded 20242 yrs activeOorlogskruisenlaan 199, 1120 Brussel, BelgiumKBO/BCE: BE 1004.851.308
Summary

The computed 12-month bankruptcy probability of ELSON SERVICES is 9.1% (elevated). The 2024 annual accounts show equity of €975 and a net result of -€525. Its solvency ranks better than 23% of 6720 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability23
Solvency36
Growth-
Track record67
Bankruptcy probability, 12 months
9.1% Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.12; short-term debt: 89% and cash: 49.5% of total assets), and 89% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2024
Solvency, return and age of the figures
Solvency
11%
Return on assets
-5.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 6720 sector peers (2024).
NBB · sector comparison
Position among 6720 sector peers
Solvency
better than 23%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
38 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 38 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 17 January 2024, ELSON SERVICES was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€975
Total assets
€8,887
Net result
-€525
Working capital
€975

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Equity and liabilities €8,887
Equity €975
Debt €7,912
Debt finances 89.0% of the balance-sheet total.
Key figures and ratios
2024 value
Current ratio
1.12
ROA
-5.9%
Debt ≤ 1 year
€7,912
Equity ratios withheld: equity of €975 is too small for a meaningful ratio.

Peer companies

Historical observation

Of the 1,270 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a small loss
3.6% went bankrupt
2.0% stopped otherwise
93% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 9.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,270 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 27 lines
Balance sheet Code2024
Assets
Total assets20/58€8,887
Current assets29/58€8,887
Amounts receivable within one year40/41€3,632
Trade receivables40€3,632
Cash at bank and in hand54/58€4,395
Deferred charges and accrued income490/1€860
Equity and liabilities
Total equity and liabilities10/49€8,887
Equity10/15€975
Contributions10/11€1,500
Profit (loss) carried forward14-€525
Amounts payable17/49€7,912
Amounts payable within one year42/48€7,912
Trade debts44€911
Suppliers440/4€911
Taxes, remuneration and social security45€1,126
Taxes450/3€1,126
Other amounts payable47/48€5,875
Income statement Code2024
Gross operating margin9900-€464
Operating profit (loss)9901-€464
Financial income75/76B€2
Recurring financial income75€2
Financial charges65/66B€64
Recurring financial charges65€64
Profit (loss) for the period before taxes9903-€525
Profit (loss) for the period9904-€525
Profit (loss) for the period to be appropriated9905-€525
Appropriation of the result
Profit (loss) to be appropriated9906-€525

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Gross operating margin9900-€464
Operating profit (loss)9901-€464
Financial income75/76B€2
Recurring financial income75€2
Financial charges65/66B€64
Recurring financial charges65€64
Profit (loss) for the period before taxes9903-€525
Profit (loss) for the period9904-€525
Profit (loss) for the period to be appropriated9905-€525
Line2024
Assets
Total assets20/58€8,887
Current assets29/58€8,887
Amounts receivable within one year40/41€3,632
Trade receivables40€3,632
Cash at bank and in hand54/58€4,395
Deferred charges and accrued income490/1€860
Equity and liabilities
Total equity and liabilities10/49€8,887
Equity10/15€975
Contributions10/11€1,500
Profit (loss) carried forward14-€525
Amounts payable17/49€7,912
Amounts payable within one year42/48€7,912
Trade debts44€911
Suppliers440/4€911
Taxes, remuneration and social security45€1,126
Taxes450/3€1,126
Other amounts payable47/48€5,875
Line2024
Profit (loss) for the period9904-€525
Operating cash flow (approximation)-€525

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
23-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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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, Brussel · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,429 m²
Building footprint
271 m²
Volume, LiDAR
4,258 m³
Parcel 21819D0217/00L004, Brussels · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
ELSON SERVICES
Oorlogskruisenlaan 199, 1120 BrusselSpecialised construction activities
since 20242.355.516.821
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21819D0217/00L004 Brussels 1,429 m² 1 · 271 m² 18.8 m · 5 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 999 companies in sector 49420 we hold annual accounts for 450. 58 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded17-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
49420Removal services
43350Other building finishing work
43990Other specialised construction activities
49410Freight transport by road
53200Other postal and courier activities
56210Event catering
56220Contract catering and other food service activities
81210General cleaning of buildings
E-invoicing
Reachable via Peppol
Peppol ID 0208:1004851308
Also 9925:BE1004851308
Registered 12-06-2024

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.