ELVACENTER
ActiveSummary
ELVACENTER has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.7m and a net result of €1.1m. Equity is growing by ~33.5% per year across the filed fiscal years. Its solvency ranks better than 81% of 7967 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+3
Solvency97▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €460,000 at 30 days acceptable
Liquidity ample (current ratio 2.31 against 2.28 in 2024; short-term debt: 27.5% and cash: 19.8% of total assets), and 28.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
71.9%
Return on assets
13.9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-05-2026, 80 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
80 d early
2024
65 d early
2023
77 d early
2022
39 d early
2021
32 d early
2020
58 d early
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 52 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#7 company by equity in Nazareth-De Pinte, Construction sector#9 company by total assets in Nazareth-De Pinte, Construction sector
Equity
€5.7m▲ 8.1%
2024 · €5.3m
Total assets
€7.9m▲ 9.5%
2024 · €7.2m
Net result
€1.1m▲ 34.5%
2024 · €817,776
Working capital
€2.9m▲ 18.1%
2024 · €2.4m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€492,171▲ 161%€581,162▲ 18.1%€1.5m▲ 160%€834,917▼ 44.7%€1.3m▲ 57.6%
Net result€367,732above the sector's middle half▲ 157%€489,821above the sector's middle half▲ 33.2%€1.5mabove the sector's middle half▲ 200%€817,776above the sector's middle half▼ 44.4%€1.1mabove the sector's middle half▲ 34.5%
Equity€1.2mabove the sector's middle half▲ 53.4%€3.7mabove the sector's middle half▲ 222%€5.2mabove the sector's middle half▲ 39.6%€5.3mabove the sector's middle half▲ 1.7%€5.7mabove the sector's middle half▲ 8.1%
Total assets€2.3mabove the sector's middle half▲ 75.2%€5.7mabove the sector's middle half▲ 146%€6.6mabove the sector's middle half▲ 16.0%€7.2mabove the sector's middle half▲ 10.0%€7.9mabove the sector's middle half▲ 9.5%
Debt€1.2m▲ 104%€2.0m▲ 69.4%€1.4m▼ 28.8%€2.0m▲ 41.0%€2.2m▲ 13.5%
Working capital€1.1mabove the sector's middle half▲ 53.2%€934,703above the sector's middle half▼ 16.7%€2.3mabove the sector's middle half▲ 151%€2.4mabove the sector's middle half▲ 2.9%€2.9mabove the sector's middle half▲ 18.1%
Solvency50.0%within the sector's middle half▼ 7.1pp65.5%above the sector's middle half▲ 15.6pp78.8%above the sector's middle half▲ 13.3pp72.9%above the sector's middle half▼ 6.0pp71.9%above the sector's middle half▼ 1.0pp
Current ratio2.01within the sector's middle half▼ 0.381.49within the sector's middle half▼ 0.512.81within the sector's middle half▲ 1.322.28within the sector's middle half▼ 0.532.31within the sector's middle half▲ 0.03
Return on assets (ROA)15.9%above the sector's middle half▲ 5.1pp8.6%within the sector's middle half▼ 7.3pp22.3%above the sector's middle half▲ 13.7pp11.3%within the sector's middle half▼ 11.1pp13.9%above the sector's middle half▲ 2.6pp
Staff (FTE)5.7within the sector's middle half▲ 32.6%7.4within the sector's middle half▲ 29.8%9.3within the sector's middle half▲ 25.7%11.8above the sector's middle half▲ 26.9%11.7above the sector's middle half▼ 0.8%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 recovers in 2025; 2025 is 58% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.9m
Fixed assets
€2.9m ▼ 1.4%
Current assets
€5.0m ▲ 17.0%
Equity and liabilities €7.9m
Equity
€5.7m ▲ 8.1%
Debt
€2.2m ▲ 13.5%
Debt's share of the balance-sheet total rises from 27.1% to 28.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.4m▲
2024 · €903,554
Cash flow
€1.2m▲
2024 · €886,412
Quick ratio
1.37▲
2024 · 1.29
Debt to equity
0.39▲
2024 · 0.37
ROE
19.3%▲
2024 · 15.5%
Interest coverage
111.51▲
2024 · 44.23
Debt ≤ 1 year
€2.2m▲
2024 · €1.9m
Debt > 1 year
€46,707▼
2024 · €74,772
Income taxes
€326,342▲
2024 · €208,803
Staff costs
€925,912▲
2024 · €894,428
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,811 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €449,826 | €557,536 | €725,363 | €894,428 | €925,912 | ▲ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,418 | €23,742 | €42,598 | €68,636 | €74,065 | ▲ 7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €203 | - | - |
| Other operating charges640/8 | €7,032 | €7,473 | €5,841 | €19,524 | €11,635 | ▼ 40.4% |
| Gross operating margin9900 | €968,448 | €1.2m | €2.3m | €1.8m | €2.3m | ▲ 28.1% |
| Operating profit (loss)9901 | €492,171 | €581,162 | €1.5m | €834,917 | €1.3m | ▲ 57.6% |
| Financial income75/76B | €10,616 | €102,520 | €373,128 | €212,091 | €122,925 | ▼ 42.0% |
| Recurring financial income75 | €10,616 | €102,520 | €373,128 | €212,091 | €122,925 | ▼ 42.0% |
| Financial charges65/66B | €3,956 | €66,003 | €23,430 | €20,429 | €12,468 | ▼ 39.0% |
| Recurring financial charges65 | €3,956 | €8,169 | €23,430 | €20,429 | €12,468 | ▼ 39.0% |
| Non-recurring financial charges66B | - | €57,834 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €498,832 | €617,679 | €1.9m | €1.0m | €1.4m | ▲ 39.0% |
| Income taxes67/77 | €131,099 | €127,858 | €387,956 | €208,803 | €326,342 | ▲ 56.3% |
| Profit (loss) for the period9904 | €367,732 | €489,821 | €1.5m | €817,776 | €1.1m | ▲ 34.5% |
| Profit (loss) for the period to be appropriated9905 | €367,732 | €489,821 | €1.5m | €817,776 | €1.1m | ▲ 34.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €5.7m | €6.6m | €7.2m | €7.9m | ▲ 9.5% |
| Fixed assets21/28 | €72,065 | €2.8m | €2.9m | €2.9m | €2.9m | ▼ 1.4% |
| Intangible fixed assets21 | €2,713 | €19,409 | €27,986 | €49,708 | €52,160 | ▲ 4.9% |
| Tangible fixed assets22/27 | €69,351 | €71,638 | €157,119 | €138,850 | €96,678 | ▼ 30.4% |
| Plant, machinery and equipment23 | €7,866 | €6,042 | €18,346 | €13,539 | €15,287 | ▲ 12.9% |
| Furniture and vehicles24 | €11,376 | €7,477 | €40,661 | €35,108 | €24,563 | ▼ 30.0% |
| Leasing and similar rights25 | €50,109 | €58,119 | €98,111 | €90,203 | €56,828 | ▼ 37.0% |
| Financial fixed assets28 | - | €2.8m | €2.8m | €2.8m | €2.8m | = |
| Current assets29/58 | €2.2m | €2.8m | €3.6m | €4.3m | €5.0m | ▲ 17.0% |
| Stocks and contracts in progress3 | €722,358 | €1.3m | €1.7m | €1.9m | €2.0m | ▲ 8.5% |
| Stocks30/36 | €722,358 | €1.3m | €1.7m | €1.9m | €2.0m | ▲ 8.5% |
| Amounts receivable within one year40/41 | €842,452 | €890,065 | €950,090 | €950,760 | €1.4m | ▲ 49.4% |
| Trade receivables40 | €728,350 | €867,099 | €931,491 | €712,596 | €1.4m | ▲ 94.8% |
| Other amounts receivable41 | €114,102 | €22,967 | €18,599 | €238,163 | €32,624 | ▼ 86.3% |
| Cash at bank and in hand54/58 | €662,031 | €627,280 | €1.0m | €1.5m | €1.6m | ▲ 6.8% |
| Deferred charges and accrued income490/1 | €8,842 | €6,657 | €4,586 | €4,824 | €5,910 | ▲ 22.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €5.7m | €6.6m | €7.2m | €7.9m | ▲ 9.5% |
| Equity10/15 | €1.2m | €3.7m | €5.2m | €5.3m | €5.7m | ▲ 8.1% |
| Contributions10/11 | €411,500 | €2.8m | €2.8m | €2.8m | €2.8m | = |
| Capital10 | €411,500 | €2.8m | €2.8m | €2.8m | €2.8m | = |
| Issued capital100 | €411,500 | €2.8m | €2.8m | €2.8m | €2.8m | = |
| Reserves13 | €741,286 | €904,811 | €2.4m | €2.5m | €2.9m | ▲ 17.3% |
| Non-distributable reserves130/1 | €41,150 | €70,641 | €281,150 | €281,150 | €281,150 | = |
| Legal reserve130 | €41,150 | €70,641 | €281,150 | €281,150 | €281,150 | = |
| Distributable reserves133 | €700,136 | €834,170 | €2.1m | €2.2m | €2.6m | ▲ 19.5% |
| Amounts payable17/49 | €1.2m | €2.0m | €1.4m | €2.0m | €2.2m | ▲ 13.5% |
| Amounts payable after more than one year17 | €37,404 | €41,090 | €92,052 | €74,772 | €46,707 | ▼ 37.5% |
| Financial debts170/4 | €37,404 | €41,090 | €92,052 | €74,772 | €46,707 | ▼ 37.5% |
| Amounts payable within one year42/48 | €1.1m | €1.9m | €1.3m | €1.9m | €2.2m | ▲ 15.5% |
| Current portion of amounts payable after more than one year42 | €87,514 | €63,687 | €244,921 | €137,735 | €28,064 | ▼ 79.6% |
| Financial debts43 | €125,000 | €250,000 | - | - | - | - |
| Credit institutions430/8 | €125,000 | €250,000 | - | - | - | - |
| Trade debts44 | €430,300 | €722,047 | €763,135 | €938,749 | €1.2m | ▲ 23.1% |
| Suppliers440/4 | €430,300 | €722,047 | €763,135 | €938,749 | €1.2m | ▲ 23.1% |
| Taxes, remuneration and social security45 | €154,799 | €188,891 | €289,482 | €180,210 | €322,368 | ▲ 78.9% |
| Taxes450/3 | €75,466 | €101,102 | €166,254 | €64,959 | €223,601 | ▲ 244% |
| Remuneration and social security454/9 | €79,333 | €87,789 | €123,228 | €115,251 | €98,767 | ▼ 14.3% |
| Other amounts payable47/48 | €316,296 | €672,527 | €173 | €630,000 | €673,854 | ▲ 7.0% |
| Accrued charges and deferred income492/3 | €3,650 | €18,350 | €4,025 | €4,025 | €4,200 | ▲ 4.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €367,732 | €489,821 | €1.5m | €817,776 | €1.1m | ▲ 34.5% |
| + Depreciation and write-downs630 | €19,418 | €23,742 | €42,598 | €68,636 | €74,065 | ▲ 7.9% |
| Operating cash flow (approximation) | €387,151 | €513,562 | €1.5m | €886,412 | €1.2m | ▲ 32.5% |
| Investment in fixed assets (approximation) | - | -€2.8m | -€136,655 | -€72,090 | -€34,345 | ▲ 52.4% |
| Change in cash | - | -€34,751 | €406,783 | €434,994 | €100,528 | ▼ 76.9% |
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
Next filing, fiscal year 2026, expected by
2026
18-08
State Gazette act
Resignation: M. KOOL INVESTMENT B.V. (director)Power of attorney4 facts ▸
State Gazette act
Resignation: M. KOOL INVESTMENT B.V. (director)
Power of attorney4 facts ▸
- Director resignation, M. KOOL INVESTMENT B.V. (director)
- Power of attorney, Florent Volckaert
- Power of attorney, Yulvie Ibriyam
- Power of attorney, Marcos Lamin-Busschots
22-05
State Gazette act
Appointment: Alpa Invest BV (managing director)Permanent representative: Deconynck Alex3 facts ▸
State Gazette act
Appointment: Alpa Invest BV (managing director)
Permanent representative: Deconynck Alex3 facts ▸
- Board meeting, 30-04-2026
- Director appointment, Alpa Invest BV (managing director)
- Permanent representative, Deconynck Alex (permanent representative)
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €1.5m ▲200%
Operating result €1.5m, net result €1.5m, both a record.
31-12
Financial
Equity above €5mEq €5.2m ▲39.6%
6 profitable years in a row build equity to €5.2m.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €2mEq €3.7m ▲222%
5 profitable years in a row build equity to €3.7m.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1mEq €1.2m ▲53.4%
4 profitable years in a row build equity to €1.2m.
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
31-12
Financial
Weakest financial yearnet €143,290 ▼22.3%
Net result drops to €143,290, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 8 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 14 acts read
About the unread acts
Of the 14 Belgian State Gazette acts we know for this company, 2 have been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 office holder, last change in 2026
Day-to-day management 1
Alpa Invest BV
CurrentManaging director · since 30-04-2026 · Legal entity · perm. rep.: Deconynck Alex
Permanent representatives 1
Deconynck Alex
CurrentPermanent representative · since 30-04-2026 · for Alpa Invest BV
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
12 of this company's 14 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Nazareth-De Pinte · 1 establishment unit since 2013
Ground area
2,290 m²
Building footprint
984 m²
Volume, LiDAR
6,121 m³
Parcel 44018A0109/00G000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LMC
since 20132.223.957.602
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44018A0109/00G000 | Flanders | 2,290 m² | 1 · 983 m² | 7.3 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.
Mandate history
2 people since 2026, 1 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Alpa Invest BV |
|
| M. Kool Investment B.V. |
|
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of ELVACENTER 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
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 1,258 EUR awarded · 1,258 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,132 EUR | 1,132 EUR |
| 2022 | 1 | 126 EUR | 126 EUR |
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Of 4,094 companies in sector 43240 we hold annual accounts for 1,635. 196 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
Founded26-09-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
46644Wholesale trade
46643Wholesale of electrical equipment, including installation materials
46649Wholesale of other machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0538982478
Also
9925:BE0538982478
Registered
20-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.