Summary
ELVA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €10.7m and a net result of €6,937. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 85% of 6167 sector peers (fiscal year 2024). The company has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
68 d late
2022
61 d late
2021
31 d late
2020
1 d early
2019
108 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 55 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#2 oldest company in Vilvoorde, Finance and insurance sector#4 company by equity in Vilvoorde, Finance and insurance sector#9 company by total assets in Vilvoorde, Finance and insurance sector
Equity
€10.7m▲ 0.1%
2023 · €10.7m
Net result
€6,937▲ 35.8%
2023 · €5,109
Total assets
€11.9m▼ 0.7%
2023 · €12.0m
Solvency
89.8%▲ 0.7pp
2023 · 89.1%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€624,394-€318,222▲ 49.0%-€171,491▲ 46.1%-€135,317▲ 21.1%-€156,486▼ 15.6%
Net result€3.6mabove the sector's middle half▲ 1,243%-€544below the sector's middle half€287,275above the sector's middle half€5,109below the sector's middle half▼ 98.2%€6,937within the sector's middle half▲ 35.8%
Equity€10.4mabove the sector's middle half▲ 52.6%€10.4mabove the sector's middle half=€10.7mabove the sector's middle half▲ 2.8%€10.7mabove the sector's middle half=€10.7mabove the sector's middle half▲ 0.1%
Total assets€13.4mabove the sector's middle half▲ 41.9%€12.1mabove the sector's middle half▼ 9.7%€12.0mabove the sector's middle half▼ 1.0%€12.0mabove the sector's middle half▲ 0.4%€11.9mabove the sector's middle half▼ 0.7%
Debt€3.0m▲ 14.0%€1.7m▼ 43.6%€1.3m▼ 24.4%€1.3m▲ 2.9%€1.2m▼ 7.1%
Working capital€5.2mabove the sector's middle half▲ 283%€3.3mabove the sector's middle half▼ 37.2%€3.1mabove the sector's middle half▼ 3.7%€2.4mabove the sector's middle half▼ 24.1%€2.0mabove the sector's middle half▼ 15.1%
Solvency77.7%above the sector's middle half▲ 5.5pp86.1%above the sector's middle half▲ 8.4pp89.4%above the sector's middle half▲ 3.3pp89.1%above the sector's middle half▼ 0.3pp89.8%above the sector's middle half▲ 0.7pp
Current ratio34.22above the sector's middle half▲ 25.0025.37above the sector's middle half▼ 8.8619.20above the sector's middle half▼ 6.179.56above the sector's middle half▼ 9.6410.07above the sector's middle half▲ 0.51
Return on assets (ROA)26.8%above the sector's middle half▲ 24.0pp0.0%below the sector's middle half▼ 26.8pp2.4%within the sector's middle half▲ 2.4pp0.0%below the sector's middle half▼ 2.4pp0.1%below the sector's middle half=
Staff (FTE)1.5within the sector's middle half▲ 25.0%1.8within the sector's middle half▲ 20.0%0.9within the sector's middle half▼ 50.0%0.8within the sector's middle half▼ 11.1%1.6above the sector's middle half▲ 100%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €156,486 in 2024 against €135,317 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €11.9m
Fixed assets
€9.7m ▲ 3.5%
Current assets
€2.2m ▼ 15.6%
Equity and liabilities €11.9m
Equity
€10.7m ▲ 0.1%
Debt
€1.2m ▼ 7.1%
Debt's share of the balance-sheet total falls from 10.9% to 10.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
0.1%▲
2023 · 0.0%
Debt ≤ 1 year
€223,450▼
2023 · €278,909
Debt > 1 year
€912,771▼
2023 · €988,931
Income taxes
€1,860▼
2023 · €1,982
Staff costs
€130,597▲
2023 · €58,093
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,364 | €4,481 | €9,728 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €118,859 | €50,093 | €58,093 | €130,597 | ▲ 125% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,019 | €43,477 | €31,836 | €24,708 | €7,464 | ▼ 69.8% |
| Other operating charges640/8 | - | €7,998 | €4,978 | €3,293 | €3,997 | ▲ 21.4% |
| Non-recurring operating charges66A | - | €4,545 | €0 | - | - | - |
| Gross operating margin9900 | -€489,148 | -€143,342 | -€84,583 | -€49,223 | -€14,428 | ▲ 70.7% |
| Operating profit (loss)9901 | -€624,394 | -€318,222 | -€171,491 | -€135,317 | -€156,486 | ▼ 15.6% |
| Financial income75/76B | - | €370,928 | €534,195 | €183,924 | €204,176 | ▲ 11.0% |
| Recurring financial income75 | €94,226 | €103,302 | €166,174 | €183,924 | €204,176 | ▲ 11.0% |
| Non-recurring financial income76B | - | €267,626 | €368,021 | €0 | - | - |
| Financial charges65/66B | - | €49,930 | €44,634 | €41,515 | €38,892 | ▼ 6.3% |
| Recurring financial charges65 | €142,460 | €49,930 | €44,634 | €41,515 | €38,892 | ▼ 6.3% |
| Profit (loss) for the period before taxes9903 | €3.6m | €2,776 | €318,070 | €7,091 | €8,798 | ▲ 24.1% |
| Income taxes67/77 | €2,935 | €3,321 | €30,795 | €1,982 | €1,860 | ▼ 6.1% |
| Profit (loss) for the period9904 | €3.6m | -€544 | €287,275 | €5,109 | €6,937 | ▲ 35.8% |
| Profit (loss) for the period to be appropriated9905 | €3.6m | -€544 | €287,275 | €5,109 | €6,937 | ▲ 35.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.4m | €12.1m | €12.0m | €12.0m | €11.9m | ▼ 0.7% |
| Fixed assets21/28 | €8.0m | €8.7m | €8.6m | €9.3m | €9.7m | ▲ 3.5% |
| Tangible fixed assets22/27 | €115,787 | €68,673 | €36,738 | €12,030 | €4,566 | ▼ 62.0% |
| Furniture and vehicles24 | - | €68,673 | €36,738 | €12,030 | €4,566 | ▼ 62.0% |
| Financial fixed assets28 | €7.9m | €8.6m | €8.6m | €9.3m | €9.7m | ▲ 3.6% |
| Current assets29/58 | €5.4m | €3.4m | €3.3m | €2.7m | €2.2m | ▼ 15.6% |
| Amounts receivable within one year40/41 | €88,726 | €116,244 | €116,439 | €233,062 | €203,387 | ▼ 12.7% |
| Trade receivables40 | - | €70,820 | €67,152 | €218,876 | €185,134 | ▼ 15.4% |
| Other amounts receivable41 | - | €45,424 | €49,287 | €14,186 | €18,253 | ▲ 28.7% |
| Current investments50/53 | €37,318 | €1.1m | €2.1m | €2.1m | €1.6m | ▼ 23.4% |
| Cash at bank and in hand54/58 | €5.2m | €2.2m | €1.1m | €325,999 | €430,709 | ▲ 32.1% |
| Deferred charges and accrued income490/1 | - | €16,682 | €9,353 | €10,735 | €10,761 | ▲ 0.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.4m | €12.1m | €12.0m | €12.0m | €11.9m | ▼ 0.7% |
| Equity10/15 | €10.4m | €10.4m | €10.7m | €10.7m | €10.7m | ▲ 0.1% |
| Contributions10/11 | €4.7m | €4.7m | €4.7m | €4.7m | €4.7m | = |
| Capital10 | - | €4.7m | €4.7m | €4.7m | €4.7m | = |
| Issued capital100 | - | €4.7m | €4.7m | €4.7m | €4.7m | = |
| Reserves13 | €5.8m | €5.8m | €6.0m | €6.0m | €6.1m | ▲ 0.1% |
| Non-distributable reserves130/1 | - | €465,010 | €465,010 | €465,010 | €465,010 | = |
| Legal reserve130 | - | €465,010 | €465,010 | €465,010 | €465,010 | = |
| Distributable reserves133 | - | €5.3m | €5.6m | €5.6m | €5.6m | ▲ 0.1% |
| Amounts payable17/49 | €3.0m | €1.7m | €1.3m | €1.3m | €1.2m | ▼ 7.1% |
| Amounts payable after more than one year17 | €2.0m | €1.1m | €1.1m | €988,931 | €912,771 | ▼ 7.7% |
| Financial debts170/4 | - | €1.1m | €1.1m | €988,931 | €912,771 | ▼ 7.7% |
| Amounts payable within one year42/48 | €156,451 | €133,931 | €172,709 | €278,909 | €223,450 | ▼ 19.9% |
| Current portion of amounts payable after more than one year42 | - | €19,608 | €20,001 | €20,001 | €20,001 | = |
| Trade debts44 | €114,528 | €100,091 | €123,432 | €250,265 | €186,501 | ▼ 25.5% |
| Suppliers440/4 | - | €100,091 | €123,432 | €250,265 | €186,501 | ▼ 25.5% |
| Taxes, remuneration and social security45 | - | €14,231 | €29,276 | €8,643 | €16,948 | ▲ 96.1% |
| Taxes450/3 | - | €8,580 | €25,074 | €2,323 | €2,225 | ▼ 4.2% |
| Remuneration and social security454/9 | - | €5,651 | €4,202 | €6,320 | €14,724 | ▲ 133% |
| Accrued charges and deferred income492/3 | - | €415,570 | €43,293 | €40,985 | €79,419 | ▲ 93.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.6m | -€544 | €287,275 | €5,109 | €6,937 | ▲ 35.8% |
| + Depreciation and write-downs630 | €32,019 | €43,477 | €31,836 | €24,708 | €7,464 | ▼ 69.8% |
| Operating cash flow (approximation) | €3.6m | €42,933 | €319,111 | €29,817 | €14,401 | ▼ 51.7% |
| Investment in fixed assets (approximation) | - | -€698,450 | €10,359 | -€718,044 | -€336,567 | ▲ 53.1% |
| Change in cash | - | -€3.0m | -€1.1m | -€777,099 | €104,711 | ▲ 113% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 61 days late
2022
31-12
Financial
Back to profitnet €287,275
Net result €287,275 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€544
Net result drops to -€544, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €3.6m ▲1,243%
Net result €3.6m, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 34.22
Current ratio from 9.22 to 34.22; short-term debt falls from €165,146 to €156,451.
31-12
Financial
Equity above €10mEq €10.4m ▲52.6%
3 profitable years in a row build equity to €10.4m.
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 108 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
30-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Vilvoorde · 1 establishment unit since 1995
Ground area
2,316 m²
Building footprint
1,643 m²
Volume, LiDAR
9,451 m³
Parcel 23644H0308/00E004, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ELVA
since 19952.017.689.179
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23644H0308/00E004 | Flanders | 2,316 m² | 1 · 1,643 m² | 11.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
4 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 4
-
99.92%
-
98.73%
-
94.13%
-
90%
According to the 2024 annual accounts of ELVA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 5,875 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-10-1978
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0418811158
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.