Active BE 0472.444.834Public limited companyOpen bankruptcy

ELT

Mechelbaan 676 ·2580 Putte, Belgium· 25 yrs active

Sector: Retail trade (47552)

Conclusion Checked

A bankruptcy procedure is open for ELT according to publications in the Belgian State Gazette. The 2019 annual accounts show equity of €122k and a net result of €-56k.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€122k
Net result	€-56k
Staff (FTE)	1
Active	25 yrs

Snowflake analysis 5 axes · computed by Checked

29 / 100

Fragile profile, watch health in particular.

Health 0

Profitability 0

Solvency 96

Growth 50

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2019 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 20-11-2020 with the NBB · fiscal year 2020 · verkort

Highlight YoY changes (±10%)

Fiscal year	2019
Revenue	-
EBITDA	€-50k
Net profit	€-56k
Cash flow	€-53k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€246k
Equity	€122k
Debt	€124k
of which ≤ 1y	€123k
of which > 1y	-
Working capital	€113k
Employees (FTE)	1.0

Ratios (computed)

	2019
Current ratio	1.92
Quick ratio	0.92
Working capital ratio	46.0%
Solvency	49.7%
Debt / equity	-
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-22.7%
ROE	-45.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €9k · 3.9% Current assets €236k · 96.2%

Equity & liabilities

Equity €122k · 49.7% Debt €124k · 50.3%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€246k
Fixed assets	21/28	€9k
Tangible fixed assets	22/27	€3k
Financial fixed assets	28	€6k
Current assets	29/58	€236k
Stocks & contracts in progress	3	€122k
Amounts receivable within one year	40/41	€97k
Cash & bank	54/58	€15k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€246k
Equity	10/15	€122k
Contributions / capital	10/11	€74k
Reserves	13	€48k
Amounts payable	17/49	€124k
Amounts payable within one year	42/48	€123k
Trade debts payable within one year	44	€90k
Income statement
Gross operating margin	9900	€-11k
Operating result	9901	€-54k
Financial income	75	€1k
Financial charges	65	€3k
Result before taxes	9903	€-56k
Net result for the period	9904	€-56k
Result to be appropriated	9905	€-56k

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	DOMINIQUE CLAES MOLENVAARTSTRAAT 80, 2560 NIJLEN	07-06-2021 → present	Belgian State Gazette

Legal Structure

NACE primary	Retail trade(47552)
Legal form	Public limited company(014)
Incorporation	19-07-2000
Status	Active
Postal code	2580
First BS signal	11-06-2021
Latest BS signal	11-06-2021

Company structure, linked entities1 linked entities

Mandates

Establishment units 1 location

ELECTRO LIGHT TELECOM

Mechelbaan 676, 2580 PutteAlgemene metaalbewerking

since 20002.097.505.729

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12429D0105/00F003	Flanders	507 m²	1 · 773 m²	7.1 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2021

11-06-2021

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Mechelen · ELT NV MECHELBAAN 676/1, 2580 PUTTE · event 07-06-2021

2020

20-11-2020