ELT Contractors
ActiveThe computed 12-month bankruptcy probability of ELT Contractors is 2.9% (moderate). The 2025 annual accounts show equity of €844k and a net result of €2k. Equity is growing by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 40% of 296 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
66
/ 100
Healthy▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability1▼-2
Solvency55▼-24
Growth52=
Stability100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.7 in 2024), and 68.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31.9%
Return on assets
0.1%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
68 d late
2022
153 d late
2021
200 d late
2020
198 d late
2019
122 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2k▼ 62.9%
2024 · €5k
2019: €18k
2020: €192k
2021: €11k
2022: €260k
2023: €206k
2024: €5k
2019 → 2025
Working capital
€228k▼ 46.7%
2024 · €427k
2019: €126k
2020: €413k
2021: €105k
2022: €444k
2023: €604k
2024: €427k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€370k-€630k▲ 70.2%€837k▲ 32.7%€842k▲ 0.6%€844k▲ 0.2%
Operating result€26k-€372k▲ 1,355%€315k▼ 15.3%€128k▼ 59.4%€38k▼ 70.0%
Net result€11k-€260k▲ 2,222%€206k▼ 20.8%€5k▼ 97.5%€2k▼ 62.9%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 70% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.64M
Fixed assets
€1.42M▲ 43.2%
Current assets
€1.23M▲ 18.3%
Equity and liabilities €2.64M
Equity
€844k▲ 0.2%
Debt
€1.80M▲ 51.9%
The debt ratio rises from 58.5% to 68.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€124k▼
2024 · €191k
Cash flow
€87k▲
2024 · €68k
Solvency
31.9%▼
2024 · 41.5%
Current ratio
1.23▼
2024 · 1.70
Quick ratio
1.23▼
2024 · 1.70
Debt / equity
2.13▲
2024 · 1.41
ROE
0.2%▼
2024 · 0.6%
ROA
0.1%▼
2024 · 0.3%
Interest coverage
1.94▼
2024 · 2.39
Debt
€1.80M▲
2024 · €1.19M
Debt ≤ 1 year
€999k▲
2024 · €609k
Debt > 1 year
€803k▲
2024 · €576k
Income taxes
€10k▼
2024 · €50k
Staff costs
€627k▲
2024 · €535k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.03M€2.64M▲
Fixed assets21/28€991k€1.42M▲
Tangible fixed assets22/27€978k€1.41M▲
Land and buildings22€938k€1.33M▲
Plant, machinery and equipment23€17k€12k▼
Furniture and vehicles24€20k€67k▲
Leasing and similar rights25€3k-
Financial fixed assets28€13k€13k=
Current assets29/58€1.04M€1.23M▲
Amounts receivable within one year40/41€997k€1.17M▲
Trade receivables40€918k€1.13M▲
Other amounts receivable41€78k€32k▼
Current investments50/53€40k€40k=
Deferred charges and accrued income490/1€74€21k▲
Equity and liabilities
Total equity and liabilities10/49€2.03M€2.64M▲
Equity10/15€842k€844k▲
Contributions10/11€150k€150k=
Capital10€150k€150k=
Issued capital100€150k€150k=
Reserves13€691k€691k=
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Distributable reserves133€676k€676k=
Profit (loss) carried forward14€756€3k▲
Amounts payable17/49€1.19M€1.80M▲
Amounts payable after more than one year17€576k€803k▲
Financial debts170/4€576k€803k▲
Amounts payable within one year42/48€609k€999k▲
Current portion of amounts payable after more than one year42€47k€81k▲
Financial debts43€198k€203k▲
Credit institutions430/8€198k€203k▲
Trade debts44€194k€509k▲
Suppliers440/4€194k€509k▲
Advances received on contracts in progress46€6k-
Taxes, remuneration and social security45€163k€70k▼
Taxes450/3€111k€397▼
Remuneration and social security454/9€52k€70k▲
Other amounts payable47/48€2k€136k▲
Accrued charges and deferred income492/3€66-
Income statement
Code20242025
Non-recurring operating income76A-€12k
Remuneration, social security and pensions62€535k€627k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€85k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€19k-
Other operating charges640/8€29k€19k▼
Non-recurring operating charges66A€6k-
Gross operating margin9900€780k€769k▼
Operating profit (loss)9901€128k€38k▼
Financial income75/76B€7k€37k▲
Recurring financial income75€7k€37k▲
Financial charges65/66B€80k€64k▼
Recurring financial charges65€80k€64k▼
Profit (loss) for the period before taxes9903€55k€12k▼
Income taxes67/77€50k€10k▼
Profit (loss) for the period9904€5k€2k▼
Profit (loss) for the period to be appropriated9905€5k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€677k€3k▼
Profit (loss) brought forward from the previous period14P€672k€756▼
Transfer to equity691/2€676k-
To other reserves6921€676k-
Social balance
Average headcount (FTE)908711.113.8▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €2k ▼62.9%
Net result drops to €2k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 153 days late
16-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 200 days late
2022
31-12
Financial
Highest result since 2019net €260k ▲2222%
Operating result €372k, net result €260k, both a record.
31-12
Financial
Equity above €500kEq €630k ▲70.2%
4 profitable years in a row build equity to €630k.
14-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 198 days late
2020
31-12
Financial
Equity above €200kEq €359k ▲114%
2 profitable years in a row build equity to €359k.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
17-07-2023
Izzet Koçyigit: Resigned as Director
03-10-2022
Sefa Koçyigit: Resigned as Director
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Frans Vekemansstraat 1501120 BrusselGround area
4,316 m²
Building footprint
2,526 m²
Volume, LiDAR
43,740 m³
3 parcels, Brussels, Flanders · tallest building 44.7 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
ELT Contractors
since 20192.285.076.411
Maatschappelijke zetel
since 20212.315.223.714
3 parcels
Flanders
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0224/00M007 | Brussels | 2,178 m² | 1 · 1,973 m² | 44.7 m · 4 fl. |
| 23642D0612/00H003 | Flanders | 1,774 m² | 1 · 199 m² | 17.0 m · 5 fl. |
| 21819C0043/00G009 | Brussels | 364 m² | 1 · 355 m² | 13.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 961 EUR awarded · 645 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 316 EUR | 0 EUR |
| 2022 | 1 | 645 EUR | 645 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
13 categoriesELT Contractors NV46032
Similar companies · same sector, comparable size
Carolec
BE 0406.048.829
Brugge · Eq €845k
NAVITAS PROJECTS
BE 0717.625.301
Beveren-Kruibeke-Zwijndrecht · Eq €843k
JONI
BE 0811.964.729
Bekkevoort · Eq €845k
Draintech
BE 0438.891.544
Affligem · Eq €842k
BOUWWERKEN GIELEN
BE 0632.626.872
Laakdal · Eq €842k
Of 29,531 companies in sector 41001 we hold annual accounts for 15,864. 7,062 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-02-2019
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
42110Construction of roads and motorways
42130Civil engineering
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.