Financials
- Fiscal year
- 2025
- Total assets
- €279,412
- Profit
- €23,168
- Solvency
- 31.2%
Total assets▼ 14.4%
Net result
20182025
Elstuk
ActiveSummary
Elstuk has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87,134 and a net result of €23,168. Equity is growing by ~27.5% per year across the filed fiscal years. Its solvency ranks better than 33% of 30651 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
What they do
Plastering work
NACE 43310
1 site
How big
€279,412total assets 2025
- Staff
- 7.2 FTE
- Equity
- €87,134
- Profit
- €23,168
Turnover not published (abridged schema)
Who decides
Accounts on time0 of 2 deeds read
Why 83- Sector Specialised construction activities (NACE 43)+ Liquidity: current ratio 1.05, cash €46,439+ Figures for FY 2025 (filed 31-07-2026)Show the evidence
Checked score
Score 2025
83
/ 100
Excellent
Probability in this band: under 0.55%
Better than 48% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
56+11
equity 31.2% of total assets
Liquidity
34+28
short-term debt 68.8% · cash 16.6%
Profitability
79+1
return on assets 8.3%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 3 months
08-2026: 0.4%highest value
09-2026: 0.4%▼ -3.9% vs 08-2026lowest value
10-2026: 0.4%● 0.0% vs 09-2026lowest value
- Sector Specialised construction activities (NACE 43) raises the probability
- Liquidity: current ratio 1.05, cash €46,439 lowers the probability
- Figures for FY 2025 (filed 31-07-2026) lowers the probability
Credit up to €7,000 at 30 days acceptable
Liquidity tight (current ratio 1.05 against 0.84 in 2024; short-term debt: 68.8% and cash: 16.6% of total assets), and 68.8% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 33%, liquidity 22%, profitability 58%, growth against the median 78%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 31-07-2026, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
27 d late
2023
12 d early
2022
36 d late
2021
31 d late
2020
52 d late
2019
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 27 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 11
- Since
- 2018
- Next accounts
- by 31-07-2027
- 31-07-2026Annual accounts filed
- 27-08-2025Annual accounts filed
- 19-07-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Plastering workNACE 43310
- Founded
- 11-04-2017
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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