Active BE 0843.163.590Private limited company (pre-2019)Open bankruptcy

ELTHY CONSTRUCT

Molenbaan 186 ·2900 Schoten, Belgium· 14 yrs active

Sector: Tiling (43331)

Conclusion Checked

A bankruptcy procedure is open for ELTHY CONSTRUCT according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-12k) and a net result of €-36k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€-12k
Net result	€-36k
Staff (FTE)	1.5
Better than sector	7%

Snowflake analysis 5 axes · computed by Checked

35 / 100

Fragile profile — watch health in particular.

Health 0

Profitability 100

Solvency 42

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2022 · computed

0 / 100 Critical

050100

Unlock the full score breakdown, per-year score history and the indicative credit limit from Starter.

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 07-10-2023 with the NBB · fiscal year 2022 · micro

Operating resultNet result

Sector comparison

Fiscal year 2022 · NACE 43 — Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-13.3%	34.0%	better than 7% of 887 sector peers
Net result	€-36k	€14k	better than 5% of 887 sector peers
Equity	€-12k	€23k	better than 5% of 889 sector peers
Gross operating margin	€30k	€31k	better than 49% of 887 sector peers
Staff costs	€51k	€23k	higher than 69% of 333 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-1k

— 19–22

Net profit

€-36k

-163.3% 19–22

Cash flow

€-12k

— 19–22

Total assets

€92k

+62.4% 19–22

Equity

€-12k

— 19–22

Working capital

€-12k

— 19–22

Employees (FTE)

2

+7.1% 19–22

Staff costs

€51k

— 19–22

Income taxes

€102

+2.9% 19–22

Debt

€104k

+129.4% 19–22

Debt ≤ 1y

€104k

+131.2% 19–22

Debt > 1y

€611

0.0% 19–22

Current ratio

0.89

-29.8% 19–22

Quick ratio

0.73

-26.4% 19–22

Solvency

-13.3%

— 19–22

Debt / equity

-8.54

— 19–22

ROE

298.1%

— 19–22

ROA

-39.5%

-62.2% 19–22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Revenue	—
EBITDA	—
Net profit	€-36k
Cash flow	—
Staff costs	€51k
Income taxes	€102
Dividends	—
Total assets	€92k
Equity	€-12k
Debt	€104k
of which ≤ 1y	€104k
of which > 1y	€611
Working capital	€-12k
Employees (FTE)	1.5

Ratios (computed)

	2022
Current ratio	0.89
Quick ratio	0.73
Working capital ratio	-12.6%
Solvency	-13.3%
Debt / equity	-8.54
Long-term debt ratio	-0.05
Interest coverage	—
Gross margin	—
Net margin	—
ROA	-39.5%
ROE	298.1%
EBITDA margin	—
Days sales outstanding	—
Days payable outstanding	—
Inventory turnover	—
Days inventory (DSI)	—

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet — Assets
TOTAL ASSETS	20/58	€92k
Current assets	29/58	€92k
Stocks & contracts in progress	3	€17k
Amounts receivable within one year	40/41	€70k
Cash & bank	54/58	€6k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€92k
Equity	10/15	€-12k
Contributions / capital	10/11	€13k
Reserves	13	€12k
Accumulated profits (losses)	14	€-37k
Amounts payable	17/49	€104k
Amounts payable after one year	17	€611
Amounts payable within one year	42/48	€104k
Trade debts payable within one year	44	€100k
Income statement
Gross operating margin	9900	€30k
Operating result	9901	€-22k
Financial income	75	€14
Financial charges	65	€15k
Result before taxes	9903	€-36k
Income taxes	67/77	€102
Net result for the period	9904	€-36k
Result to be appropriated	9905	€-36k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	NATHALIE VERMEERSCH PLANTINKAAI 10/21, 2000 ANTWERPEN 1 ↔ Also on 102 other cases	02-11-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	Tiling(43331)
Legal form	Private limited company (pre-2019)(015)
Incorporation	23-01-2012
Status	Active
Postal code	2900
First BS signal	08-11-2023
Latest BS signal	08-11-2023

Company structure — linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.

Establishment units 1 location

Molenbaan 186, 2900 Schoten

Houwen, bewerken en afwerken van natuursteen

since 20122.209.183.215

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

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.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11040A0032/00F065	Flanders	1,145 m²	1 · 180 m²	—

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data — this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023

08-11-2023

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · ELTHY CONSTRUCT BVBA MOLENBAAN 186, 2900 SCHOTEN · event 02-11-2023

07-10-2023