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ELTO BELUX

Active
Private limited companyfounded 2020active for 5 yearsJozef II straat 40, 1000 Brussel, BelgiumKBO/BCE: BE 0760.605.011
Summary

The computed 12-month bankruptcy probability of ELTO BELUX is 8.8% (elevated). The 2024 annual accounts show negative equity (-€310,597) and a net result of -€346,874. Equity has been shrinking by about 111% per year since 2021. Its solvency ranks better than 8% of 1,080 sector peers (NACE 73, financial year 2024). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 28-12-2020 Normal situation
Registered office
26 active companies are registered at this address Source: KBO register, as of 4 November 2026.
Activity
Advertising agencies NACE 73110and 1 other
Joint committee
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2024
Establishment unit
2.312.039.342 4651 Herve, since 28-12-2020
Financial year end
31 December
Peppol
Reachable since 15-04-2026

Board and ownership

Board
and 2 others
Auditor
FORVIS MAZARS REVISEURS D'ENTREPRISES SRL
Shareholders
  • Renault SAannual accounts 2024

Financial position

30 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
8.8%
Annual accounts 2024
Gross margin
-€32,906
Loss
€346,874
▲ 545%
Equity
-€310,597
Total assets
€2.1m
▲ 81.2%
Employees on 31-12-2024
4
▲ 33.3%
  • Negative equity on 31-12-2024
  • 2025 accounts not filed, 96 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 24-02-2026)1 financial year not filed after the legal deadline; last filed accounts filed 207 days late; 1 of the last 3 accounts late1 change of registered office in 24 monthslowers riskSector: Advertising, market research and public relations activities (NACE 73)Show the evidence

Checked score

Score 2024
30 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 6% of micro companies in advertising and market research (NACE 73)
Financial strength · tick: 2023
Weak
Solvency 10-18
equity -14.8% of total assets
Liquidity 11+9
short-term debt 114.2% · cash 8.6%
Profitability 0-13
return on assets -16.5%
Bankruptcy probability within 12 months
8.8% Elevated
0%0.5%1.5%4%10%≥ 25%

About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (11,229 companies, NACE 73, micro)
Last 24 months 12-2024: 0.9% 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.9%● unchanged vs 01-2025 03-2025: 0.9%● unchanged vs 02-2025lowest value 04-2025: 0.9%● unchanged vs 03-2025 05-2025: 0.9%● unchanged vs 04-2025 06-2025: 1.0%▲ +0.1 percentage points vs 05-2025 07-2025: 1.0%● unchanged vs 06-2025 08-2025: 1.5%▲ +0.5 percentage points vs 07-2025 09-2025: 1.9%▲ +0.4 percentage points vs 08-2025 10-2025: 3.1%▲ +1.2 percentage points vs 09-2025 11-2025: 3.1%● unchanged vs 10-2025 12-2025: 3.2%▲ +0.1 percentage points vs 11-2025 01-2026: 5.9%▲ +2.7 percentage points vs 12-2025 02-2026: 5.9%● unchanged vs 01-2026 03-2026: 5.0%▼ -0.9 percentage points vs 02-2026 04-2026: 5.1%▲ +0.1 percentage points vs 03-2026 05-2026: 4.8%▼ -0.3 percentage points vs 04-2026 06-2026: 4.9%▲ +0.1 percentage points vs 05-2026 07-2026: 5.0%▲ +0.1 percentage points vs 06-2026 08-2026: 6.3%▲ +1.3 percentage points vs 07-2026 09-2026: 7.0%▲ +0.7 percentage points vs 08-2026 10-2026: 8.8%▲ +1.8 percentage points vs 09-2026highest value 11-2026: 8.8%● unchanged vs 10-2026highest value
No credit on open account
Liquidity is insufficient, with a current ratio of 0.87 (1.03 in 2023), below 1. Short-term debt is 114.2% and cash 8.6% of total assets. Equity is negative.
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 73, micro). It does better than 10% of them on solvency, 7% on liquidity, 6% on profitability and 0% on growth.

The bankruptcy probability was computed on 04-11-2026 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.

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).

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

Signals

Seven signals.
lowers riskraises risk
raises risk · Figures for financial year 2024 (filed on 24-02-2026)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 207 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Sector: Advertising, market research and public relations activities (NACE 73)
KBO
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
21222324
2021 to 2024 · latest year -€310,597
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 96 days later.
NBB · 4 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline04-11-2026 today
raises risk · 2024 accounts filed 207 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-02-2026, 207 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 4 filings
Deviation from the deadline
2025
not filed
2024
207 days late
2023
20 days early
2022
22 days late
2021
24 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 4 accounts on average 46 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2024 -€310,597 View
  • Risk: 4 loss-making years in a rowloss in financial year 2024 -€346,874 View
  • Caution: Result fell in 2024from -€53,818 to -€346,874 ▼ 545% View
  • Caution: Lower net result than 95% of companies in advertising and market researchsector median €24,576 · 1,081 companies -€346,874 View
  • New directorlatest change 15-01-2026 · 3 in office 1 joined View

Recent changes

  1. · Gazette deed Resignation: Kris VAN DER VERKEN (day-to-day manager)Appointment: David GERIMONT (day-to-day manager)
  2. · Gazette deed Registered office moved from Anderlecht to BrusselsNew seat: Rue Joseph II, 40 à 1000 Bruxelles · Previous seat: Chaussée de Mons, 281 à 1070 Anderlecht · Resignations: Nathalie (COULON) DORNE (director) and Nicolas SCHOTTEY (director)
  3. · Gazette deed 2 directors resigningResignations: DEMANDT CONSULT (director) and JFB.ENERGY (director) · Permanent representatives: Pieter DEMANDT and Jean-François BRAGARD
All 12 events

Comparable companies

These companies have the same main activity as ELTO BELUX: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €648,000 and €11m, founded between 2015 and 2024.

CompanyTotal assetsGross margin
ELTO BELUX Brussel€2.1m-€0.03m
HUNTERTAINMENT Anderlecht€2.2m-€0.07m
JACOBS PRINTING Brugge€2.6m€0.006m
Utiq Brussel€10.7m-€9.6m
JUNE ENERGY Antwerpen€1.6m-€0.4m
BIZZ NIZZ Brasschaat€1.2m-€0.02m
MediaDW Sint-Pieters-Woluwe€0.6m-€0.2m
Full comparison

Key facts about ELTO BELUX

What is the company number of ELTO BELUX?
The company number of ELTO BELUX is 0760.605.011. The VAT number is the same number with BE in front: BE 0760.605.011.
Where is ELTO BELUX based?
The registered office is at Jozef II straat 40, 1000 Brussel.Company details
What does ELTO BELUX do?
According to the KBO register, the main activity is advertising agencies (NACE 73110).
What is the legal form of ELTO BELUX?
The legal form of ELTO BELUX is Private limited company (BV).
When was ELTO BELUX founded?
ELTO BELUX was founded on 28-12-2020.
Is ELTO BELUX still active?
Yes, ELTO BELUX is an active enterprise in the KBO register.
How many employees does ELTO BELUX have?
ELTO BELUX had an average of 3.8 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
Which joint committee does ELTO BELUX fall under?
In its 2024 annual accounts, ELTO BELUX states joint committee 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of ELTO BELUX?
The annual accounts for financial year 2024 state no turnover.
Is ELTO BELUX profitable?
In financial year 2024, ELTO BELUX made a loss of €346,874.
Where can I find the annual accounts of ELTO BELUX?
ELTO BELUX filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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