ELT PROJECTS
ActiveSummary
ELT PROJECTS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €307k and a net result of €75k. Equity is growing by ~30.6% per year across the filed fiscal years. Its solvency ranks better than 85% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+17
Solvency100▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 4.65 against 3.3 in 2024; short-term debt: 20.1% and cash: 49% of total assets), and 20.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
79.9%
Return on assets
19.6%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
31 d early
2023
29 d late
2022
32 d late
2021
31 d late
2020
27 d late
2019
26 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€307k▲ 32.4%
2024 · €232k
2018: €55klowest in 8 years
2019: €60k▲ +9.3% vs 2018
2020: €88k▲ +46.3% vs 2019
2021: €123k▲ +38.8% vs 2020
2022: €172k▲ +40.3% vs 2021
2023: €214k▲ +24.2% vs 2022
2024: €232k▲ +8.3% vs 2023
2025: €307k▲ +32.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€384k▲ 21.4%
2024 · €316k
2018: €112klowest in 8 years
2019: €130k▲ +16.2% vs 2018
2020: €166k▲ +28.0% vs 2019
2021: €223k▲ +34.2% vs 2020
2022: €230k▲ +3.0% vs 2021
2023: €258k▲ +12.2% vs 2022
2024: €316k▲ +22.7% vs 2023
2025: €384k▲ +21.4% vs 2024highest in 8 years
2018 → 2025
Net result
€75k▲ 324%
2024 · €18k
2018: €31k
2019: €5k▼ -83.7% vs 2018lowest in 8 years
2020: €28k▲ +445% vs 2019
2021: €34k▲ +22.6% vs 2020
2022: €49k▲ +44.3% vs 2021
2023: €60k▲ +21.9% vs 2022
2024: €18k▼ -70.6% vs 2023
2025: €75k▲ +324% vs 2024highest in 8 years
2018 → 2025
Working capital
€282k▲ 44.8%
2024 · €195k
2018: €49klowest in 8 years
2019: €59k▲ +19.3% vs 2018
2020: €86k▲ +46.5% vs 2019
2021: €111k▲ +29.1% vs 2020
2022: €164k▲ +48.6% vs 2021
2023: €165k▲ +0.2% vs 2022
2024: €195k▲ +18.2% vs 2023
2025: €282k▲ +44.8% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€123k-€172k▲ 40.3%€214k▲ 24.2%€232k▲ 8.3%€307k▲ 32.4%
2021: €123klowest in 5 years
2022: €172k▲ +40.3% vs 2021
2023: €214k▲ +24.2% vs 2022
2024: €232k▲ +8.3% vs 2023
2025: €307k▲ +32.4% vs 2024highest in 5 years
Operating result€48k-€70k▲ 43.7%€84k▲ 20.4%€26k▼ 69.1%€101k▲ 291%
2021: €48k
2022: €70k▲ +43.7% vs 2021
2023: €84k▲ +20.4% vs 2022
2024: €26k▼ -69.1% vs 2023lowest in 5 years
2025: €101k▲ +291% vs 2024highest in 5 years
Net result€34k-€49k▲ 44.3%€60k▲ 21.9%€18k▼ 70.6%€75k▲ 324%
2021: €34k
2022: €49k▲ +44.3% vs 2021
2023: €60k▲ +21.9% vs 2022
2024: €18k▼ -70.6% vs 2023lowest in 5 years
2025: €75k▲ +324% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 291% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €384k
Fixed assets
€25k ▼ 33.3%
Current assets
€359k ▲ 28.5%
Equity and liabilities €384k
Equity
€307k ▲ 32.4%
Debt
€77k ▼ 8.9%
Debt's share of the balance-sheet total falls from 26.8% to 20.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€113k▲
2024 · €38k
Cash flow
€87k▲
2024 · €30k
Current ratio
4.65▲
2024 · 3.30
Quick ratio
4.58▲
2024 · 3.23
Debt to equity
0.25▼
2024 · 0.37
ROE
24.5%▲
2024 · 7.7%
ROA
19.6%▲
2024 · 5.6%
Interest coverage
46.85▼
2024 · 62.51
Debt ≤ 1 year
€77k▼
2024 · €85k
Income taxes
€31k▲
2024 · €8k
Staff costs
€63k▲
2024 · €59k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€316k€384k▲
Fixed assets21/28€37k€25k▼
Tangible fixed assets22/27€37k€25k▼
Plant, machinery and equipment23€1k€445▼
Furniture and vehicles24€36k€24k▼
Current assets29/58€280k€359k▲
Stocks and contracts in progress3€6k€5k▼
Stocks30/36€6k€5k▼
Amounts receivable within one year40/41€133k€146k▲
Trade receivables40€10k€12k▲
Other amounts receivable41€123k€134k▲
Cash at bank and in hand54/58€137k€188k▲
Deferred charges and accrued income490/1€4k€20k▲
Equity and liabilities
Total equity and liabilities10/49€316k€384k▲
Equity10/15€232k€307k▲
Reserves13€230k€305k▲
Distributable reserves133€230k€305k▲
Profit (loss) carried forward14€2k€2k=
Amounts payable17/49€85k€77k▼
Amounts payable within one year42/48€85k€77k▼
Trade debts44€66k€52k▼
Suppliers440/4€66k€52k▼
Advances received on contracts in progress46€545€545=
Taxes, remuneration and social security45€15k€21k▲
Taxes450/3€7k€14k▲
Remuneration and social security454/9€8k€6k▼
Other amounts payable47/48€3k€4k▲
Income statement
Code20242025
Non-recurring operating income76A-€8k
Remuneration, social security and pensions62€59k€63k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k=
Other operating charges640/8€2k€2k▼
Gross operating margin9900€98k€178k▲
Operating profit (loss)9901€26k€101k▲
Financial income75/76B€225€7k▲
Recurring financial income75€225€7k▲
Financial charges65/66B€610€2k▲
Recurring financial charges65€610€2k▲
Profit (loss) for the period before taxes9903€25k€106k▲
Income taxes67/77€8k€31k▲
Profit (loss) for the period9904€18k€75k▲
Profit (loss) for the period to be appropriated9905€18k€75k▲
Appropriation of the result
Profit (loss) to be appropriated9906€20k€77k▲
Profit (loss) brought forward from the previous period14P€2k€2k=
Transfer to equity691/2€18k€75k▲
To other reserves6921€18k€75k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €19k | - | €8k | - |
| Remuneration, social security and pensions62 | €50k | €53k | €60k | €59k | €63k | ▲ 7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €10k | €12k | €12k | = |
| Other operating charges640/8 | €2k | €1k | €2k | €2k | €2k | ▼ 2.2% |
| Non-recurring operating charges66A | €1k | - | - | - | - | - |
| Gross operating margin9900 | €105k | €128k | €155k | €98k | €178k | ▲ 80.9% |
| Operating profit (loss)9901 | €48k | €70k | €84k | €26k | €101k | ▲ 291% |
| Financial income75/76B | €12 | €30 | €43 | €225 | €7k | ▲ 2,993% |
| Recurring financial income75 | €12 | €30 | €43 | €225 | €7k | ▲ 2,993% |
| Financial charges65/66B | €787 | €523 | €684 | €610 | €2k | ▲ 297% |
| Recurring financial charges65 | €787 | €523 | €684 | €610 | €2k | ▲ 297% |
| Profit (loss) for the period before taxes9903 | €48k | €69k | €83k | €25k | €106k | ▲ 315% |
| Income taxes67/77 | €13k | €20k | €23k | €8k | €31k | ▲ 294% |
| Profit (loss) for the period9904 | €34k | €49k | €60k | €18k | €75k | ▲ 324% |
| Profit (loss) for the period to be appropriated9905 | €34k | €49k | €60k | €18k | €75k | ▲ 324% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €223k | €230k | €258k | €316k | €384k | ▲ 21.4% |
| Fixed assets21/28 | €12k | €8k | €49k | €37k | €25k | ▼ 33.3% |
| Tangible fixed assets22/27 | €12k | €8k | €49k | €37k | €25k | ▼ 33.3% |
| Plant, machinery and equipment23 | €3k | €2k | €2k | €1k | €445 | ▼ 57.9% |
| Furniture and vehicles24 | €9k | €5k | €47k | €36k | €24k | ▼ 32.6% |
| Current assets29/58 | €211k | €222k | €209k | €280k | €359k | ▲ 28.5% |
| Stocks and contracts in progress3 | €6k | €6k | €6k | €6k | €5k | ▼ 7.1% |
| Stocks30/36 | €6k | €6k | €6k | €6k | €5k | ▼ 7.1% |
| Amounts receivable within one year40/41 | €99k | €79k | €36k | €133k | €146k | ▲ 9.1% |
| Trade receivables40 | €81k | €42k | €22k | €10k | €12k | ▲ 16.0% |
| Other amounts receivable41 | €18k | €37k | €14k | €123k | €134k | ▲ 8.6% |
| Cash at bank and in hand54/58 | €104k | €132k | €163k | €137k | €188k | ▲ 37.7% |
| Deferred charges and accrued income490/1 | €2k | €4k | €4k | €4k | €20k | ▲ 437% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €223k | €230k | €258k | €316k | €384k | ▲ 21.4% |
| Equity10/15 | €123k | €172k | €214k | €232k | €307k | ▲ 32.4% |
| Contributions10/11 | €19k | €19k | - | - | - | - |
| Reserves13 | €102k | €152k | €212k | €230k | €305k | ▲ 32.7% |
| Non-distributable reserves130/1 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | €2k | - | - | - | - | - |
| Distributable reserves133 | €100k | €152k | €212k | €230k | €305k | ▲ 32.7% |
| Profit (loss) carried forward14 | €2k | €2k | €2k | €2k | €2k | = |
| Amounts payable17/49 | €100k | €58k | €44k | €85k | €77k | ▼ 8.9% |
| Amounts payable within one year42/48 | €100k | €58k | €44k | €85k | €77k | ▼ 8.9% |
| Trade debts44 | €86k | €46k | €27k | €66k | €52k | ▼ 20.9% |
| Suppliers440/4 | €86k | €46k | €27k | €66k | €52k | ▼ 20.9% |
| Advances received on contracts in progress46 | €435 | €435 | €435 | €545 | €545 | = |
| Taxes, remuneration and social security45 | €11k | €8k | €12k | €15k | €21k | ▲ 36.2% |
| Taxes450/3 | €2k | €841 | €4k | €7k | €14k | ▲ 95.0% |
| Remuneration and social security454/9 | €9k | €7k | €8k | €8k | €6k | ▼ 18.3% |
| Other amounts payable47/48 | €4k | €3k | €5k | €3k | €4k | ▲ 24.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34k | €49k | €60k | €18k | €75k | ▲ 324% |
| + Depreciation and write-downs630 | €4k | €4k | €10k | €12k | €12k | = |
| Operating cash flow (approximation) | €38k | €54k | €70k | €30k | €87k | ▲ 191% |
| Investment in fixed assets (approximation) | - | €0 | €-51k | €0 | €0 | - |
| Change in cash | - | €28k | €30k | €-26k | €52k | ▲ 299% |
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
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €75k ▲324%
Operating result €101k, net result €75k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Equity above €200kEq €214k ▲24.2%
6 profitable years in a row build equity to €214k.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Equity above €150kEq €172k ▲40.3%
5 profitable years in a row build equity to €172k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €100kEq €123k ▲38.8%
4 profitable years in a row build equity to €123k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Weakest financial yearnet €5k ▼83.7%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
Show earlier events
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Houthalen-Helchteren · 1 establishment unit since 2014
Ground area
1,289 m²
Parcel 72015C0768/00M002, Flanders. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
E.L.T. PROJECTS BVBA
since 20142.232.312.468
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72015C0768/00M002 | Flanders | 1,289 m² | - | - |
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.
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 7,543 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
Founded25-06-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.