ELTB
ActiveThe computed 12-month bankruptcy probability of ELTB is 5.7% (elevated). The 2025 annual accounts show negative equity (€-7k) and a net result of €-31k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 26784 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
7
/ 100
Critical▼ -13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency33▼-23
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
5.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.0 against 0.7 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-28192.6%
Return on assets
-123429.2%
Age of the figures
8 mo
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€7k
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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
24 d late
2023
1 d early
2022
31 d early
2021
11 d late
2020
20 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
06-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-7k
2024 · €24k
2020: €-5k
2021: €9k
2022: €12k
2023: €53k
2024: €24k
2020 → 2025
Total assets
€25▼ 100.0%
2024 · €59k
2020: €31k
2021: €98k
2022: €149k
2023: €149k
2024: €59k
2020 → 2025
Net result
€-31k▼ 8.0%
2024 · €-29k
2020: €-15k
2021: €14k
2022: €3k
2023: €41k
2024: €-29k
2020 → 2025
Working capital
€-7k▲ 32.7%
2024 · €-11k
2020: €-13k
2021: €-10k
2022: €-4k
2023: €5k
2024: €-11k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9k-€12k▲ 35.7%€53k▲ 335%€24k▼ 54.5%€-7k
Operating result€14k-€9k▼ 34.6%€60k▲ 544%€-41k€-21k▲ 49.2%
Net result€14k-€3k▼ 77.1%€41k▲ 1,173%€-29k€-31k▼ 8.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2025 against €41k in 2024; the loss shrinks.
Key figures and ratios
EBITDA
€-9k▲
2024 · €-28k
Cash flow
€-19k▼
2024 · €-15k
Solvency
-28192.6%▼
2024 · 40.9%
Current ratio
0.00▼
2024 · 0.70
Quick ratio
0.00▼
2024 · 0.70
Debt / equity
-1.00▼
2024 · 1.44
ROE
437.8%▲
2024 · -120.0%
ROA
-123429.2%▼
2024 · -49.1%
Interest coverage
-0.91▲
2024 · -185.22
Debt
€7k▼
2024 · €35k
Debt ≤ 1 year
€7k▼
2024 · €35k
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
Total assets
20/58€59k€25▼
Fixed assets
21/28€34k-
Tangible fixed assets
22/27€34k-
Current assets
29/58€24k€25▼
Amounts receivable within one year
40/41€23k-
Cash & bank
54/58€687€25▼
Total equity & liabilities
10/49€59k€25▼
Equity
10/15€24k€-7k▼
Contributions / capital
10/11€10k€10k=
Reserves
13€500€500=
Accumulated profits (losses)
14€13k€-18k▼
Amounts payable
17/49€35k€7k▼
Amounts payable within one year
42/48€35k€7k▼
Trade debts payable within one year
44€18k-
Income statement
Code20242025
Gross operating margin
9900€-27k€-8k▲
Operating result
9901€-41k€-21k▲
Financial income
75€123-
Financial charges
65€150€10k▲
Result before taxes
9903€-29k€-31k▼
Income taxes
67/77€-43-
Net result for the period
9904€-29k€-31k▼
Result to be appropriated
9905€-29k€-31k▼
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
07-05
State Gazette act
Open capture
General meeting · Purpose change · Seat change · Power of attorney · Frédéric Rosart
20-01
State Gazette act
Director changes
v3.2
2025
31-12
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series.
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €41k ▲1173%
Operating result €60k, net result €41k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
04-02
State Gazette act
Incorporation
oprichting
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2025
Maret Isaeva Galaeva
CurrentDirector · since 01-10-2025
01-10-2025
Maret Isaeva Galaeva: Appointed as Director
30-09-2025
Ihor Trusov: Resigned as Director
Location & real-estate footprint
Registered office, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2020
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.
Heidestraat 2572070 Beveren-Kruibeke-ZwijndrechtGround area
2,550 m²
Building footprint
472 m²
Volume, LiDAR
3,224 m³
Parcel 11011A0233/00G000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Heidestraat 257, 2070 Beveren-Kruibeke-Zwijndrecht
since 20202.298.658.389
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11011A0233/00G000 | Flanders | 2,550 m² | 1 · 472 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
GLOBAL STROOM
BE 0730.853.131
Wommelgem · Eq €24k
Denem Tech
BE 1017.266.516
Heusden-Zolder · Eq €24k
PMBE
BE 0719.652.403
Zutendaal · Eq €24k
EBM-Service
BE 1031.713.972
Pelt · Eq €24k
WATT'S SMART
BE 0805.321.615
Evergem · Eq €24k
Of 22,725 companies in sector 43211 we hold annual accounts for 10,163. 7,437 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-01-2020
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 27-08-2026. Scores and ratios are computed by Checked and are not a credit decision.