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ELTA

Active
Private limited companyfounded 2001active for 25 yearsHonderdweg 22, 9230 Wetteren, BelgiumKBO/BCE: BE 0474.440.856
Summary

ELTA has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of €308,285. Equity is growing by about 4.4% per year across the filed financial years. Its solvency ranks better than 49% of 513 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Civil engineering
NACE 42212
3rd largest employer in Wetteren, Construction sector3 sites
Size
€5.7mtotal assets 2025
Staff
50.9 FTE
Equity
€2.2m
Profit
€308,285
Turnover not published (abbreviated format)
Financial health
94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
ARSA · 100%
Accounts 1 day early0 of 16 deeds read
Why 94lowers riskFounded in 2001Size: 50.9 FTE, total assets €5.7mLiquidity: current ratio 1.58, cash €948,534Profit of €308,285 (financial year 2025)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 50% of its sector peers (NACE 42, medium-sized)
Financial strength · tick = 2024
Strong
Solvency 63-4
equity 37.7% of total assets
Liquidity 42+10
short-term debt 55.8% · cash 16.6%
Profitability 75+4
return on assets 5.4%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (105 companies, NACE 42, medium-sized)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.2%▲ +0.1 percentage points vs 12-2024 02-2025: 0.4%▲ +0.2 percentage points vs 01-2025 03-2025: 0.3%▼ -0.1 percentage points vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.5%▲ +0.2 percentage points vs 12-2025 02-2026: 0.9%▲ +0.4 percentage points vs 01-2026highest value 03-2026: 0.1%▼ -0.8 percentage points vs 02-2026lowest value 04-2026: 0.1%● unchanged vs 03-2026lowest value 05-2026: 0.1%● unchanged vs 04-2026lowest value 06-2026: 0.1%● unchanged vs 05-2026lowest value 07-2026: 0.1%● unchanged vs 06-2026lowest value 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €200,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.58, compared with 1.72 in 2024, above the usual 1.5; short-term debt: 55.8% and cash: 16.6% of total assets), but 62.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, medium-sized): better than 54% on solvency, 62% on liquidity, 63% on profitability and 23% on growth.

The bankruptcy probability was computed on 16-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Founded in 2001
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: 50.9 FTE, total assets €5.7m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.58, cash €948,534
NBB · annual accounts
lowers risk · Profit of €308,285 (financial year 2025)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 day early
2024
28 days late
2023
28 days late
2022
1 day early
2021
10 days early
2020
2 days early
2019
on the day
← 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 6 days after the deadline; the sector median (NACE 42) for financial year 2024 is 2 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 30 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end16-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Annual accounts filedfinancial year 2023 · abbreviated…

Key points

  • Positive: Result rose in 2025from €73,277 to €308,285 ▲ 321% View
  • Positive: 3rd largest employer in Wetteren, Construction sectorin the Checked rankings No. 3 View
  • Controlled by ARSA 100% View
  • Positive: 7 profitable years in a rowprofit 2025: €308,285 7 years View
  • Flemish supportawarded from 2022 to 2025 €64,206 View

By topic

Financials

Financial year
2025
Total assets
€5.7m
Profit
€308,285
Solvency
37.7%
Total assets▲ 10.7%
Net result
20192025
Go to Financials

Timeline

Events
26
Since
2003
Next accounts
by 31-01-2027
  1. 30-06-2023Weakest financial year
  2. 30-01-2023Annual accounts filed
  3. 30-06-2022Equity above €2m
Go to Timeline

Company details

Sites
3
Legal form
Private limited company
Activity
Civil engineeringNACE 42212
Founded
28-03-2001
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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