ELVEBE
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 26 days after the deadline Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00436978.
Annual accounts 2025 filed on 26-08-2026 at the NBB all 49 filings
Equity
-€280,726▼ 1.4%
2024 · -€276,920
Total assets
€168▼ 98.9%
2024 · €15,932
Net result
-€3,806
2024 · €11,425
Working capital
-€279,726▼ 1.4%
2024 · -€275,920
In the rankings
#8 oldest company in Evere, Wholesale and retail trade sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€1,942
▼ 139%
2025
20182025
Net result
-€3,806
2025
lowest quarter of the sector
20182025
Equity
-€280,726
▼ 1.4%
2025
lowest quarter of the sector
20182025
Total assets
€168
▼ 98.9%
2025
lowest quarter of the sector
20182025
Debt
€280,894
▼ 4.1%
2025
20182025
Working capital
-€279,726
▼ 1.4%
2025
lowest quarter of the sector
20182025
Solvency
no figure
2025
20182025
Current ratio
no figure
2025
20182025
Return on assets (ROA)
no figure
2025
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.2m-€0.3m€0.9m▲ 167%€0.02m▼ 97.8%-€0.01m-€0.04m▼ 202%-€0.001m▲ 98.0%-€0.002m▼ 139%
Net result-€0.2m-€0.4m-€0.3mbelow the sector's middle half€0.01mwithin the sector's middle half-€0.02mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 1,267%€0.01mwithin the sector's middle half-€0.004mbelow the sector's middle half
Equity€0.003m-€0.2m▲ 64×-€0.04mbelow the sector's middle half-€0.03mbelow the sector's middle half▲ 34.2%-€0.04mbelow the sector's middle half▼ 65.5%-€0.3mbelow the sector's middle half▼ 541%-€0.3mbelow the sector's middle half▲ 4.0%-€0.3mbelow the sector's middle half▼ 1.4%
Total assets€2.4m-€2.1m▼ 11.9%€0.4mbelow the sector's middle half▼ 78.6%€0.4mbelow the sector's middle half▼ 1.1%€0.4mbelow the sector's middle half▼ 0.6%€436below the sector's middle half▼ 99.9%€0.02mbelow the sector's middle half▲ 37×€168below the sector's middle half▼ 98.9%
Debt€2.4m-€1.9m▼ 21.1%€0.5m▼ 73.8%€0.5m▼ 3.9%€0.5m▲ 3.2%€0.3m▼ 40.2%€0.3m▲ 1.4%€0.3m▼ 4.1%
Working capital€0.01m-€0.4m▲ 28×-€0.05mbelow the sector's middle half-€0.04mbelow the sector's middle half▲ 25.7%-€0.09mbelow the sector's middle half▼ 130%-€0.3mbelow the sector's middle half▼ 207%-€0.3mbelow the sector's middle half▲ 4.0%-€0.3mbelow the sector's middle half▼ 1.4%
Solvency0.1%-10.6%▲ 10.4pp-9.3%below the sector's middle half▼ 19.8pp-6.2%below the sector's middle half▲ 3.1pp-10.3%below the sector's middle half▼ 4.1pp
Current ratio1.01-1.25▲ 0.240.88below the sector's middle half▼ 0.370.91below the sector's middle half▲ 0.030.81below the sector's middle half▼ 0.100.05below the sector's middle half
Return on assets (ROA)-8.2%-17.1%▲ 25.3pp-58.7%below the sector's middle half▼ 75.9pp3.2%within the sector's middle half▲ 61.9pp-4.1%below the sector's middle half▼ 7.3pp71.7%above the sector's middle half
Staff (FTE)14.7-1.1▼ 92.5%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €1,942, larger than the loss of €814 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Key figures and ratios
Debt ≤ 1 year
€279,894▼
2024 · €291,852
Income taxes
€132▼
2024 · €160
The ratios are withheld because a balance sheet total of €168 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €500 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,593 | - | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €1,563 | €12,235 | €892 | €812 | €700 | ▼ 13.9% |
| Non-recurring operating charges66A | - | - | - | - | - | €39,500 | - | - | - |
| Gross operating margin9900 | €248,964 | €391,300 | €898,114 | €20,691 | -€1,486 | -€1,045 | -€1 | -€1,242 | ▼ 119,319% |
| Operating profit (loss)9901 | -€227,647 | €319,572 | €854,688 | €19,128 | -€13,721 | -€41,438 | -€814 | -€1,942 | ▼ 139% |
| Financial income75/76B | - | - | - | - | €2,640 | €187,828 | €14,959 | - | - |
| Recurring financial income75 | €63,996 | €64,358 | €62,564 | - | €2,640 | €187,828 | €14,959 | - | - |
| Financial charges65/66B | - | - | - | €4,999 | €2,923 | €389,600 | €2,560 | €1,733 | ▼ 32.3% |
| Recurring financial charges65 | €29,924 | €17,298 | €14,890 | €4,999 | €2,923 | €389,600 | €2,560 | €1,733 | ▼ 32.3% |
| Profit (loss) for the period before taxes9903 | -€193,575 | €366,632 | -€262,021 | €14,129 | -€14,004 | -€243,210 | €11,585 | -€3,674 | - |
| Income taxes67/77 | -€11 | €9,365 | - | - | €3,802 | €164 | €160 | €132 | ▼ 17.4% |
| Profit (loss) for the period9904 | -€193,564 | €357,267 | -€262,021 | €14,129 | -€17,806 | -€243,374 | €11,425 | -€3,806 | - |
| Profit (loss) for the period to be appropriated9905 | -€193,564 | €357,267 | -€262,021 | €14,129 | -€17,806 | -€243,374 | €11,425 | -€3,806 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.4m | €2.1m | €0.4m | €0.4m | €0.4m | €436 | €0.02m | €168 | ▼ 98.9% |
| Fixed assets21/28 | €0.09m | €0.05m | €0.05m | €0.05m | €0.05m | - | - | - | - |
| Tangible fixed assets22/27 | €0.04m | - | - | - | - | - | - | - | - |
| Financial fixed assets28 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | - | - | - | - |
| Current assets29/58 | €2.3m | €2.0m | €0.4m | €0.4m | €0.4m | €436 | €0.02m | €168 | ▼ 98.9% |
| Stocks and contracts in progress3 | €0.2m | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1.7m | €2.0m | €0.4m | €0.4m | €0.4m | €321 | €486 | - | - |
| Other amounts receivable41 | - | - | - | €0.4m | €0.4m | €321 | €486 | - | - |
| Cash at bank and in hand54/58 | €0.4m | €191 | €0.001m | €9 | €249 | €114 | €0.02m | €168 | ▼ 98.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.4m | €2.1m | €0.4m | €0.4m | €0.4m | €436 | €0.02m | €168 | ▼ 98.9% |
| Equity10/15 | €0.003m | €0.2m | -€0.04m | -€0.03m | -€0.04m | -€0.3m | -€0.3m | -€0.3m | ▼ 1.4% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | -€0.2m | €0.02m | -€0.2m | -€0.2m | -€0.2m | -€0.5m | -€0.5m | -€0.5m | ▼ 0.8% |
| Amounts payable17/49 | €2.4m | €1.9m | €0.5m | €0.5m | €0.5m | €0.3m | €0.3m | €0.3m | ▼ 4.1% |
| Amounts payable after more than one year17 | €0.04m | €0.2m | €0.04m | €0.04m | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €0.04m | - | - | - | - | - |
| Amounts payable within one year42/48 | €2.3m | €1.6m | €0.5m | €0.4m | €0.5m | €0.3m | €0.3m | €0.3m | ▼ 4.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | - | - | - | - | - |
| Financial debts43 | - | - | - | €0.01m | €0.003m | €0.01m | €0.006m | €0.01m | ▲ 56.3% |
| Credit institutions430/8 | - | - | - | €0.01m | €0.003m | €0.01m | €0.006m | €0.01m | ▲ 56.3% |
| Trade debts44 | €1.0m | €0.6m | €0.003m | €0.004m | €0.001m | €197 | €0.001m | - | - |
| Suppliers440/4 | - | - | - | €0.004m | €0.001m | €197 | €0.001m | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | - | €164 | €407 | €292 | ▼ 28.2% |
| Taxes450/3 | - | - | - | €0.01m | - | €164 | €407 | €292 | ▼ 28.2% |
| Other amounts payable47/48 | - | - | - | €0.4m | €0.5m | €0.3m | €0.3m | €0.3m | ▼ 5.0% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€193,564 | €357,267 | -€262,021 | €14,129 | -€17,806 | -€243,374 | €11,425 | -€3,806 | - |
| + Depreciation and write-downs630 | €17,593 | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€175,971 | €357,267 | -€262,021 | €14,129 | -€17,806 | -€243,374 | €11,425 | -€3,806 | - |
| Investment in fixed assets (approximation) | - | €44,115 | €0 | €0 | €0 | - | - | - | - |
| Change in cash | - | -€356,274 | €1,206 | -€1,387 | €239 | -€134 | €15,332 | -€15,279 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,619 companies had the same profile as ELVEBE has now. Two years later, 84.5% were still going and 4.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
84.5%
was still going
10.0%
stopped otherwise
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ELVEBE itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for ELVEBE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 26-08-2026 | 2026-00436978 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00414082 | |
| 31-12-2023 | abbreviated format | 29-08-2024 | 2024-00416029 | |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00440103 | |
| 31-12-2021 | abbreviated format | 30-09-2022 | 2022-20451899 | |
| 31-12-2020 | abbreviated format | 23-12-2021 | 2021-81500072 | |
| 31-12-2019 | abbreviated format | 20-01-2021 | 2021-01900004 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-60000591 | |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-60000145 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-59300349 |