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Eltea

Active Public limited companyfounded 1968active for 58 yearsJaargetijdenlaan 100, 1050 IxellesKBO/BCE: BE 0403.118.538

Lifetime

20 annual accounts with figures on one time axis, 49 filings since 1977
peak €894,779 (2017)
€73,936▼ 16.0%
lowest -€235,872 (2018)
-€955▼ €19,859
peak €1.7m (2017)
€1.2m▼ 0.1%
€16,927▲ 41.6%
peak 1 FTE (2008)
-not published
Board6 names since 2017
3 directorsOliver KOHNER and 2 others
Documentsfilings and deeds
30-09-202661 days late
2025financial year
Gross margin from €88,011 to €73,936Loss of €955Debts from €11,951 to €16,927

Key points

from the 2025 annual accounts

Filings

49 annual accounts 61 days
AprilJune31 JulyOctober1980199520102025

Latest accounts filed late: after the legal deadline.

Position in the sector

98.6%

Higher solvency than 95% of companies in real estate. Sector median 38.2% · 5,810 companies.

Checked score

96
Excellent
Financially stronger than 68% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).

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

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025lowest value 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: 0.1%▲ +0.1 percentage points vs 09-2025highest value 11-2025: < 0.1%▼ -0.1 percentage points vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

100=equity 98.6% of total assets
75+1short-term debt 1.4% · cash 20.0%
69-2return on assets -0.1%

Score breakdown

raises risk
Last filed accounts filed 61 days late; 3 of the last 3 accounts late
lowers risk
Liquidity: current ratio 33.96, cash €237,972
Equity €1.2m (98.6% of total assets)
Size: total assets €1.2m
Calculation

The band follows from the bankruptcy probability. 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 68, micro). It does better than 91% of them on solvency, 83% on liquidity, 55% on profitability and 44% on growth.

The bankruptcy probability was computed on 10-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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

Comparable companies, two years later

In July 2024, 8,617 companies had the same profile as Eltea has now. Each dot stands for 22 companies, two years later.

94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Eltea itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 8,617 companies, not a prediction for Eltea. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €110,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 33.96 (44.53 in 2024), above the usual 1.5. Short-term debt is 1.4% and cash 20% of total assets. 1.4% of the assets are financed with debt and provisions.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 61 days late; 3 of the last 3 accounts late
NBB · filings
lowers risk · Liquidity: current ratio 33.96, cash €237,972
NBB · annual accounts
lowers risk · Equity €1.2m (98.6% of total assets)
NBB · annual accounts
lowers risk · Size: total assets €1.2m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
61 days late
2024
60 days late
2023
58 days late
2022
29 days late
2021
30 days late
2020
31 days late
2019
91 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 51 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

OK
Managing director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0403118538
2 directors appointed, 2 resignations Resignations: Ronald KOHNER and Olivier KHONER · Appointments: KOHNER Olivier Désiré and ROSSI Delphine Yvette Adèle · Director discharge: Ronald KOHNER · General meeting of 08-10-2024 · Gazette deed
Reappointments: Oliver KOHNER (managing director) and Ronald KOHNER (director) General meeting of 30-07-2021 · Gazette deed
Registered office moved within Brussels New registered office: Avenue des Saisons 100 à 1050 Bruxelles · Previous registered office: Rue du Broek 86 à 1082 Bruxelles · Appointment: Olivier Kohner (managing director) · Board meeting of 30-06-2017 · Gazette deed
All 64 events

Comparable companies

same main activity, similar in size and age
Company
Eltea Ixelles €1.2m €73,936 98.6% -
Vangoo Schaerbeek €1.2m €57,771 77.8% -
Société Immobilière Castellinoise Châtelet €1.1m €65,530 13.9% -
Immobiliënmaatschappij De Valk Arendonk €1.1m €96,685 30.0% -
Winkelcentrum Marke Kortrijk €1.2m €99,088 48.3% -
Firma Albert Monsieur Sint-Niklaas €1.0m €96,660 84.3% -
IMMODEL Namur €1.0m €103,010 40.7% -

These companies have the same main activity as Eltea: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €1m and €1.2m, founded between 1966 and 1970.

Official details

Source: KBO
Status
ActiveNormal situation
Registered office
75 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
Activity
Real estate agency activitiesNACE 68310and 2 others
Establishment unit
2.006.796.2771050 Ixelles, since 01-11-1960
Financial year end
31 December
Peppol
Reachable since 23-02-2026
Company details

Annual accounts 2025

≈ €160,000estimated
€1.2m▲ 0.3%
Filing
Filed on 30-09-2026
Financials

Insights on Eltea

Eltea has existed since 1968. In 2017 the gross margin rose from €12,645 to €894,779 and staff from 0.4 to 1 full-time equivalents.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about Eltea

What is the company number of Eltea?
The company number of Eltea is 0403.118.538. The VAT number is the same number with BE in front: BE 0403.118.538.
Where is Eltea based?
The registered office is at Jaargetijdenlaan 100, 1050 Ixelles.Company details
What does Eltea do?
According to the KBO register, the main activity is real estate agency activities (NACE 68310).
What is the legal form of Eltea?
Eltea is a public limited company (NV).
When was Eltea founded?
Eltea was founded on 01-01-1968.
Is Eltea still active?
Yes, Eltea is an active enterprise in the KBO register.
How many employees does Eltea have?
Eltea had an average of 0.2 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
What is the turnover of Eltea?
The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €73,936 and 32 comparable companies (NACE 683). It probably lies between €100,000 and €220,000.
Is Eltea profitable?
In financial year 2025, Eltea made a loss of €955.
Where can I find the annual accounts of Eltea?
Eltea filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Eltea due?
Eltea must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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