Elthium
The computed 12-month bankruptcy probability of Elthium is 2.7% (moderate). The 2024 annual accounts show equity of €60k and a net result of €16k. Equity is growing by ~53.5% per year across the filed fiscal years. Its solvency ranks better than 54% of 73 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €60k |
| Net result | €16k |
| Staff (FTE) | 0.7 |
| Better than sector | 54% |
Exceptional profile, strong across almost every axis.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 39.6% | 34.7% | |
| Net result | €16k | €1k | |
| Equity | €60k | €42k | |
| Gross operating margin | €64k | €20k | |
| Total assets | €150k | €118k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €40k |
| Net profit | €16k |
| Cash flow | €31k |
| Staff costs | €24k |
| Income taxes | €5k |
| Dividends | - |
| Total assets | €150k |
| Equity | €60k |
| Debt | €91k |
| of which ≤ 1y | €61k |
| of which > 1y | €30k |
| Working capital | €13k |
| Employees (FTE) | 0.7 |
| 2024 | |
|---|---|
| Current ratio | 1.21 |
| Quick ratio | 0.71 |
| Working capital ratio | 8.6% |
| Solvency | 39.6% |
| Debt / equity | 1.52 |
| Long-term debt ratio | 0.50 |
| Interest coverage | 11.29 |
| Gross margin | - |
| Net margin | - |
| ROA | 10.7% |
| ROE | 26.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €150k |
| Fixed assets | 21/28 | €76k |
| Intangible fixed assets | 21 | €270 |
| Tangible fixed assets | 22/27 | €71k |
| Financial fixed assets | 28 | €5k |
| Current assets | 29/58 | €74k |
| Stocks & contracts in progress | 3 | €31k |
| Amounts receivable within one year | 40/41 | €29k |
| Cash & bank | 54/58 | €0 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €150k |
| Equity | 10/15 | €60k |
| Contributions / capital | 10/11 | €5k |
| Accumulated profits (losses) | 14 | €55k |
| Amounts payable | 17/49 | €91k |
| Amounts payable after one year | 17 | €30k |
| Amounts payable within one year | 42/48 | €61k |
| Trade debts payable within one year | 44 | €43k |
| Income statement | ||
| Gross operating margin | 9900 | €64k |
| Operating result | 9901 | €24k |
| Financial income | 75 | €21 |
| Financial charges | 65 | €3k |
| Result before taxes | 9903 | €21k |
| Income taxes | 67/77 | €5k |
| Net result for the period | 9904 | €16k |
| Result to be appropriated | 9905 | €16k |
| NACE primary | 27110 |
| Legal form | Private limited company(610) |
| Incorporation | 15-05-2021 |
| Status | Active |
| Postal code | 3070 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24055A0003/00A007 | Flanders | 5,546 m² | 1 · 1,095 m² | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
26-08-2024 Registered office moved from Zaventem to Kortenberg
- Da Vincilaan 2-1930 Zaventem → Leuvensesteenweg 21/O, 3070 Kortenberg
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "combined",
"new_address": {
"raw": "Leuvensesteenweg 21/O, 3070 Kortenberg",
"city": "Kortenberg",
"region": "vlaams_gewest",
"street": "Leuvensesteenweg",
"country": "BE",
"postcode": "3070",
"box_number": "O",
"street_number": "21",
"locality_suffix": null
},
"old_address": {
"raw": "Da Vincilaan 2-1930 Zaventem",
"city": "Zaventem",
"region": "vlaams_gewest",
"street": "Da Vincilaan",
"country": "BE",
"postcode": "1930",
"box_number": null,
"street_number": "2",
"locality_suffix": null
},
"effective_date": "2024-05-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "beide",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-08-26",
"filing_date": "2024-08-14",
"act_kind_objet": "zetelverplaatsing"
},
"decision": {
"body": "enige_bestuurder",
"date": "2024-07-23",
"unanimous": null
},
"subject_company": {
"kbo": "0768.404.306",
"name_full": "HOME GRID SOLUTIONS",
"legal_form": "BV",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Fr\u00E9d\u00E9ric Engelen",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [
"Uittreksel uit het verslag van de enige bestuurder dd. 23/07/2024"
]
}05-07-2023 Registered office moved to Zaventem
- 1930 Zaventem, Da Vincilaan 2
Technical details
{
"events": [
{
"kind": "zetel_transfer_cross_border_in",
"seat_type": "siege_social",
"new_address": {
"raw": null,
"city": null,
"region": null,
"street": null,
"country": "BE",
"postcode": null,
"box_number": null,
"street_number": null,
"locality_suffix": null
},
"old_address": {
"raw": "1040 Etterbeek, Priester Cuypersstraat 3, RPR Brussel",
"city": "Etterbeek",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Priester Cuypersstraat",
"country": "BE",
"postcode": "1040",
"box_number": null,
"street_number": "3",
"locality_suffix": null
},
"effective_date": null,
"evidence_quote": "",
"region_changed": true,
"is_statute_change": true,
"nationality_change": true,
"old_address_source": "header_volledig_adres",
"statute_clause_text": "De zetel is gevestigd in het Vlaamse Gewest.\nDe vennootschap kan, bij enkel besluit van het bestuursorgaan, administratieve zetels,\nagentschappen, werkhuizen, stapelplaatsen en bijkantoren vestigen in Belgi\u00EB of in het buitenland.",
"statute_article_number": 2,
"effective_date_qualifier": "not_specified",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": true,
"effective_date_is_approximate": false
},
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "1930 Zaventem, Da Vincilaan 2",
"city": "Zaventem",
"region": "vlaams_gewest",
"street": "Da Vincilaan",
"country": "BE",
"postcode": "1930",
"box_number": null,
"street_number": "2",
"locality_suffix": null
},
"old_address": null,
"effective_date": null,
"evidence_quote": "",
"region_changed": false,
"is_statute_change": false,
"nationality_change": false,
"old_address_source": "inferred",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "not_specified",
"statutaire_vs_werkelijke": "werkelijke",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "Jeroen Dryvers",
"firm_city": null,
"firm_name": null,
"office_city": "Bierbeek",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-07-05",
"filing_date": "2023-07-03",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "raad_van_bestuur",
"date": "2023-06-21",
"unanimous": true
},
"subject_company": {
"kbo": "0768.404.306",
"name_full": "HOME GRID SOLUTIONS",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "org",
"org_kbo": "0897.328.588",
"org_name": "Fiscadvies",
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"afschrift van het proces-verbaal",
"geco\u00F6rdineerde statuten"
]
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Elthium |