Elvas
ActiveSummary
The computed 12-month bankruptcy probability of Elvas is 3.0% (moderate). The 2025 annual accounts show negative equity (-€59,006) and a net result of -€32,192. Equity is shrinking by ~135.5% per year across the filed fiscal years. Its solvency ranks better than 14% of 1532 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability41▲+41
Solvency0▼-14
Growth58=
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.1 against 0.39 in 2024; short-term debt: 118.6% and cash: 1.5% of total assets), and equity is negative.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-40%
Return on assets
-21.8%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€59,006
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-03-2026, 52 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
52 d early
2024
37 d early
2023
50 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 46 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€59,006▼ 120%
2024 · -€26,815
Total assets
€147,386▼ 40.6%
2024 · €247,956
Net result
-€32,192▲ 47.5%
2024 · -€61,324
Working capital
-€157,417▼ 30.5%
2024 · -€120,643
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€51,135--€60,825▼ 19.0%-€26,743▲ 56.0%
Net result-€65,491--€61,324▲ 6.4%-€32,192▲ 47.5%
Equity€34,509--€26,815-€59,006▼ 120%
Total assets€500,727-€247,956▼ 50.5%€147,386▼ 40.6%
Debt€466,218-€274,771▼ 41.1%€206,392▼ 24.9%
Working capital-€61,952--€120,643▼ 94.7%-€157,417▼ 30.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €26,743 in 2025 against €60,825 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €147,386
Fixed assets
€129,933 ▼ 23.9%
Current assets
€17,452 ▼ 77.4%
Key figures and ratios
EBITDA
€23,146▲
2024 · -€12,227
Cash flow
€17,697▲
2024 · -€12,725
Solvency
-40.0%▼
2024 · -10.8%
Current ratio
0.10▼
2024 · 0.39
Debt to equity
-3.50▲
2024 · -10.25
ROA
-21.8%▲
2024 · -24.7%
Interest coverage
4.92▲
2024 · -1.98
Debt ≤ 1 year
€174,870▼
2024 · €197,841
Debt > 1 year
€31,242▼
2024 · €76,498
Income taxes
€749▼
2024 · €763
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,663 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
8.2%
went bankrupt
5.4%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.0% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 7,663 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,326 | €48,599 | €49,889 | ▲ 2.7% |
| Other operating charges640/8 | €597 | €510 | €705 | ▲ 38.2% |
| Gross operating margin9900 | -€24,212 | -€11,717 | €23,852 | ▲ 304% |
| Operating profit (loss)9901 | -€51,135 | -€60,825 | -€26,743 | ▲ 56.0% |
| Financial income75/76B | €21 | €6,439 | - | - |
| Recurring financial income75 | €21 | €6,439 | - | - |
| Financial charges65/66B | €14,120 | €6,175 | €4,701 | ▼ 23.9% |
| Recurring financial charges65 | €14,120 | €6,175 | €4,701 | ▼ 23.9% |
| Profit (loss) for the period before taxes9903 | -€65,233 | -€60,561 | -€31,443 | ▲ 48.1% |
| Income taxes67/77 | €257 | €763 | €749 | ▼ 1.8% |
| Profit (loss) for the period9904 | -€65,491 | -€61,324 | -€32,192 | ▲ 47.5% |
| Profit (loss) for the period to be appropriated9905 | -€65,491 | -€61,324 | -€32,192 | ▲ 47.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €500,727 | €247,956 | €147,386 | ▼ 40.6% |
| Fixed assets21/28 | €216,357 | €170,758 | €129,933 | ▼ 23.9% |
| Tangible fixed assets22/27 | €216,357 | €170,758 | €129,933 | ▼ 23.9% |
| Plant, machinery and equipment23 | - | €2,938 | €2,638 | ▼ 10.2% |
| Furniture and vehicles24 | €216,357 | €167,820 | €120,385 | ▼ 28.3% |
| Other tangible fixed assets26 | - | - | €6,910 | - |
| Current assets29/58 | €284,371 | €77,198 | €17,452 | ▼ 77.4% |
| Stocks and contracts in progress3 | €176,861 | €4,000 | - | - |
| Stocks30/36 | €176,861 | €4,000 | - | - |
| Amounts receivable within one year40/41 | €43,710 | €52,154 | €12,765 | ▼ 75.5% |
| Trade receivables40 | €16,600 | €52,154 | €12,765 | ▼ 75.5% |
| Other amounts receivable41 | €27,110 | - | - | - |
| Cash at bank and in hand54/58 | €62,227 | €18,552 | €2,147 | ▼ 88.4% |
| Deferred charges and accrued income490/1 | €1,572 | €2,493 | €2,540 | ▲ 1.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €500,727 | €247,956 | €147,386 | ▼ 40.6% |
| Equity10/15 | €34,509 | -€26,815 | -€59,006 | ▼ 120% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | -€65,491 | -€126,815 | -€159,006 | ▼ 25.4% |
| Amounts payable17/49 | €466,218 | €274,771 | €206,392 | ▼ 24.9% |
| Amounts payable after more than one year17 | €119,896 | €76,498 | €31,242 | ▼ 59.2% |
| Financial debts170/4 | €119,896 | €76,498 | €31,242 | ▼ 59.2% |
| Amounts payable within one year42/48 | €346,322 | €197,841 | €174,870 | ▼ 11.6% |
| Current portion of amounts payable after more than one year42 | €41,616 | €46,933 | €48,942 | ▲ 4.3% |
| Trade debts44 | €64,953 | €1,944 | €3,690 | ▲ 89.8% |
| Suppliers440/4 | €64,953 | €1,944 | €3,690 | ▲ 89.8% |
| Taxes, remuneration and social security45 | €257 | €3,953 | €2,480 | ▼ 37.2% |
| Taxes450/3 | €257 | €3,953 | €2,480 | ▼ 37.2% |
| Other amounts payable47/48 | €239,496 | €145,012 | €119,757 | ▼ 17.4% |
| Accrued charges and deferred income492/3 | - | €432 | €281 | ▼ 35.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€65,491 | -€61,324 | -€32,192 | ▲ 47.5% |
| + Depreciation and write-downs630 | €26,326 | €48,599 | €49,889 | ▲ 2.7% |
| Operating cash flow (approximation) | -€39,165 | -€12,725 | €17,697 | ▲ 239% |
| Investment in fixed assets (approximation) | - | -€3,000 | -€9,064 | ▼ 202% |
| Change in cash | - | -€43,675 | -€16,405 | ▲ 62.4% |
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
09-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Deinze · 1 establishment unit since 2022
Ground area
2,422 m²
Building footprint
70 m²
Volume, LiDAR
297 m³
Parcel 44004A0990/00R000, Flanders · tallest building 5.7 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Begijnhofstraat 10, 9800 Deinze
since 20222.334.884.723
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44004A0990/00R000 | Flanders | 2,422 m² | 1 · 70 m² | 5.7 m · 1 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.
Similar companies · same sector, comparable size
Wijckmans HandelsVennootschap
BE 0807.088.993
Lommel · Eq €34,473
CAMPACABANA
BE 0664.993.002
Schaarbeek · Eq €34,556
DEVER
BE 0449.577.776
Schelle · Eq €34,599
EMM Solutions
BE 0673.614.025
Zaventem · Eq €34,074
MOLS HUURWAGENS
BE 0782.326.477
Zemst · Eq €33,973
Of 1,446 companies in sector 77110 we hold annual accounts for 727. 457 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-08-2022
Fiscal year end30-09
Activities, NACEBEL 2025
77110Renting and leasing of cars and light motor vehicles
46471Wholesale trade
47551Retail sale of household furniture
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0789979381
Also
9925:BE0789979381
Registered
18-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.