Elvece
ActiveSummary
For Elvece, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €105,737 and a net result of €29,032. Equity is growing by ~36.6% per year across the filed fiscal years. Its solvency ranks better than 50% of 34206 sector peers (fiscal year 2023). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability88▼-2
Solvency82▼-18
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
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.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2023Solvency, return and age of the figures
Solvency
56.6%
Return on assets
15.5%
Age of the figures
33 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 6 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 27-08-2024, 27 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
27 d late
2022
31 d late
2021
19 d late
2020
26 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 39 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
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 2023, micro schema
Equity
€105,737▼ 40.2%
2022 · €176,705
Total assets
€186,862▼ 1.3%
2022 · €189,233
Net result
€29,032▼ 11.8%
2022 · €32,901
Working capital
€161,684▼ 6.9%
2022 · €173,689
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
Line20192020202120222023
Operating result€48,048▲ 168%€52,166▲ 8.6%€47,963▼ 8.1%€42,505▼ 11.4%€38,135▼ 10.3%
Net result€36,622▲ 168%€39,710▲ 8.4%€36,836▼ 7.2%€32,901▼ 10.7%€29,032▼ 11.8%
Equity€61,058▲ 142%€100,768▲ 65.0%€143,804▲ 42.7%€176,705▲ 22.9%€105,737▼ 40.2%
Total assets€73,957▲ 97.4%€114,489▲ 54.8%€157,085▲ 37.2%€189,233▲ 20.5%€186,862▼ 1.3%
Debt€12,899▲ 5.7%€13,721▲ 6.4%€13,282▼ 3.2%€12,528▼ 5.7%€81,125▲ 548%
Working capital€62,825▲ 135%€103,504▲ 64.7%€147,949▲ 42.9%€173,689▲ 17.4%€161,684▼ 6.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2023 is 10% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €186,862
Fixed assets
€1,847 ▼ 38.8%
Current assets
€185,015 ▼ 0.6%
Equity and liabilities €186,862
Equity
€105,737 ▼ 40.2%
Debt
€81,125 ▲ 548%
Debt's share of the balance-sheet total rises from 6.6% to 43.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€39,304▼
2022 · €43,062
Cash flow
€30,201▼
2022 · €33,459
Current ratio
7.93▼
2022 · 14.86
Debt to equity
0.77▲
2022 · 0.07
ROE
27.5%▲
2022 · 18.6%
ROA
15.5%▼
2022 · 17.4%
Interest coverage
90.25▼
2022 · 126.31
Debt ≤ 1 year
€23,331▲
2022 · €12,528
Debt > 1 year
€57,794
Income taxes
€9,763▼
2022 · €10,125
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €1,107 | €2,559 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €527 | €527 | €527 | €557 | €1,169 | ▲ 110% |
| Other operating charges640/8 | - | - | €1,008 | €1,077 | €1,606 | ▲ 49.1% |
| Gross operating margin9900 | €49,557 | €54,236 | €50,605 | €46,698 | €40,910 | ▼ 12.4% |
| Operating profit (loss)9901 | €48,048 | €52,166 | €47,963 | €42,505 | €38,135 | ▼ 10.3% |
| Financial income75/76B | - | - | €0 | €862 | €1,096 | ▲ 27.1% |
| Recurring financial income75 | €4 | €2 | €0 | €862 | €1,096 | ▲ 27.1% |
| Financial charges65/66B | - | - | €283 | €341 | €436 | ▲ 27.8% |
| Recurring financial charges65 | €399 | €355 | €283 | €341 | €436 | ▲ 27.8% |
| Profit (loss) for the period before taxes9903 | €47,653 | €51,812 | €47,679 | €43,026 | €38,795 | ▼ 9.8% |
| Income taxes67/77 | €11,032 | €12,103 | €10,844 | €10,125 | €9,763 | ▼ 3.6% |
| Profit (loss) for the period9904 | €36,622 | €39,710 | €36,836 | €32,901 | €29,032 | ▼ 11.8% |
| Profit (loss) for the period to be appropriated9905 | €36,622 | €39,710 | €36,836 | €32,901 | €29,032 | ▼ 11.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73,957 | €114,489 | €157,085 | €189,233 | €186,862 | ▼ 1.3% |
| Fixed assets21/28 | €1,095 | €578 | €58 | €3,016 | €1,847 | ▼ 38.8% |
| Tangible fixed assets22/27 | €1,055 | €527 | - | €2,950 | €1,781 | ▼ 39.6% |
| Furniture and vehicles24 | - | - | - | €2,950 | €1,781 | ▼ 39.6% |
| Financial fixed assets28 | €41 | €51 | €58 | €66 | €66 | = |
| Current assets29/58 | €72,862 | €113,911 | €157,027 | €186,217 | €185,015 | ▼ 0.6% |
| Amounts receivable after more than one year29 | - | - | €14,120 | €23,707 | - | - |
| Other amounts receivable291 | - | - | €14,120 | €23,707 | - | - |
| Amounts receivable within one year40/41 | €15,552 | €50,124 | €64,241 | €30,420 | €19,444 | ▼ 36.1% |
| Trade receivables40 | - | - | €62,340 | €27,104 | €13,552 | ▼ 50.0% |
| Other amounts receivable41 | - | - | €1,901 | €3,316 | €5,892 | ▲ 77.7% |
| Cash at bank and in hand54/58 | €54,689 | €61,428 | €77,707 | €131,088 | €163,194 | ▲ 24.5% |
| Deferred charges and accrued income490/1 | - | - | €960 | €1,003 | €2,377 | ▲ 137% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73,957 | €114,489 | €157,085 | €189,233 | €186,862 | ▼ 1.3% |
| Equity10/15 | €61,058 | €100,768 | €143,804 | €176,705 | €105,737 | ▼ 40.2% |
| Contributions10/11 | €12,400 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €48,658 | €88,368 | €125,204 | €158,105 | €87,137 | ▼ 44.9% |
| Non-distributable reserves130/1 | - | - | €682 | €682 | €682 | = |
| Reserves not available under the articles1311 | - | - | €682 | €682 | €682 | = |
| Distributable reserves133 | - | - | €124,521 | €157,423 | €86,455 | ▼ 45.1% |
| Amounts payable17/49 | €12,899 | €13,721 | €13,282 | €12,528 | €81,125 | ▲ 548% |
| Amounts payable after more than one year17 | €2,862 | €3,314 | €4,203 | - | €57,794 | - |
| Other amounts payable178/9 | - | - | €4,203 | - | €57,794 | - |
| Amounts payable within one year42/48 | €10,037 | €10,407 | €9,079 | €12,528 | €23,331 | ▲ 86.2% |
| Trade debts44 | €2,862 | €1,958 | €2,310 | €8,316 | €1,096 | ▼ 86.8% |
| Suppliers440/4 | - | - | €2,310 | €8,316 | €1,096 | ▼ 86.8% |
| Taxes, remuneration and social security45 | - | - | €6,769 | €4,212 | €22,235 | ▲ 428% |
| Taxes450/3 | - | - | €6,769 | €4,212 | €22,235 | ▲ 428% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,622 | €39,710 | €36,836 | €32,901 | €29,032 | ▼ 11.8% |
| + Depreciation and write-downs630 | €527 | €527 | €527 | €557 | €1,169 | ▲ 110% |
| Operating cash flow (approximation) | €37,149 | €40,237 | €37,363 | €33,459 | €30,201 | ▼ 9.7% |
| Investment in fixed assets (approximation) | - | -€11 | -€7 | -€3,515 | €0 | ▲ 100% |
| Change in cash | - | €6,739 | €16,279 | €53,381 | €32,106 | ▼ 39.9% |
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
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €150,000Eq €176,705 ▲22.9%
5 profitable years in a row build equity to €176,705.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Highest result since 2018net €39,710 ▲8.4%
Operating result €52,166, net result €39,710, both a record.
31-12
Financial
Equity above €100,000Eq €100,768 ▲65%
3 profitable years in a row build equity to €100,768.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 7.26
Current ratio from 3.49 to 7.26; short-term debt falls from €10,725 to €10,037.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has 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
2 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, Middelkerke · 1 establishment unit since 2018
Ground area
149 m²
Building footprint
148 m²
Volume, LiDAR
3,490 m³
Parcel 35022A0003/00X034, Flanders · tallest building 28.0 m, ±9 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ELVECE
since 20182.276.864.370
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35022A0003/00X034 | Flanders | 149 m² | 1 · 148 m² | 28.0 m · 9 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
PJ Consulting
BE 0794.784.940
Sint-Truiden · Eq €105,758
MVT Projects
BE 0760.680.136
Antwerpen · Eq €105,762
L&G Consulting
BE 0795.128.992
Saint-Ghislain · Eq €105,763
Bert.
BE 1004.019.086
Antwerpen · Eq €105,709
GMN Management
BE 1006.973.826
Antwerpen · Eq €105,704
Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 40,691 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 (pre-2019)
Founded18-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
70100Activities of head offices
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0697995766
Also
9925:BE0697995766
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.