ELVESA
ActiveELVESA has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1k and a net result of €-10k. Equity is shrinking by ~50.2% per year across the filed fiscal years. Its solvency ranks better than 20% of 19344 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0▼-3
Growth32=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.01 in 2023), and 99.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
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 2024Solvency, return and age of the figures
Solvency
0.6%
Return on assets
-4.7%
Age of the figures
20 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year -€10k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 19344 sector peers (2024).
NBB · sector comparisonPosition among 19344 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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
55 d late
2023
22 d late
2022
95 d late
2021
74 d late
2020
137 d late
2019
502 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€1k▼ 88.3%
2023 · €11k
2019: €100k
2020: €87k
2021: €46k
2022: €33k
2023: €11k
2019 → 2024
Total assets
€203k▼ 5.0%
2023 · €214k
2019: €263k
2020: €246k
2021: €227k
2022: €217k
2023: €214k
2019 → 2024
Net result
€-10k▲ 56.5%
2023 · €-22k
2019: €-3k
2020: €-13k
2021: €-41k
2022: €-14k
2023: €-22k
2019 → 2024
Working capital
€-200k▲ 0.4%
2023 · €-201k
2019: €-142k
2020: €-146k
2021: €-179k
2022: €-184k
2023: €-201k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€87k-€46k▼ 47.0%€33k▼ 29.3%€11k▼ 67.0%€1k▼ 88.3%
Operating result€-13k-€-41k▼ 227%€-13k▲ 67.3%€-22k▼ 62.6%€-9k▲ 57.8%
Net result€-13k-€-41k▼ 223%€-14k▲ 66.9%€-22k▼ 61.4%€-10k▲ 56.5%
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 €9k in 2024 against €22k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €203k
Fixed assets
€202k▼ 4.8%
Current assets
€1k▼ 22.1%
Equity and liabilities €203k
Equity
€1k▼ 88.3%
Debt
€202k▼ 0.5%
The debt ratio rises from 94.9% to 99.4%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€1k▲
2023 · €-12k
Cash flow
€726▲
2023 · €-13k
Solvency
0.6%▼
2023 · 5.1%
Current ratio
0.01▼
2023 · 0.01
Quick ratio
0.01▼
2023 · 0.01
ROE
-751.8%▼
2023 · -203.1%
ROA
-4.7%▲
2023 · -10.3%
Interest coverage
3.01▲
2023 · -61.72
Debt
€202k▼
2023 · €203k
Debt ≤ 1 year
€202k▼
2023 · €203k
A ratio outside any meaningful range has been withheld (balance sheet total €203k, equity €1k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€214k€203k▼
Fixed assets21/28€212k€202k▼
Tangible fixed assets22/27€212k€202k▼
Furniture and vehicles24€4k€3k▼
Leasing and similar rights25€208k€199k▼
Current assets29/58€2k€1k▼
Cash at bank and in hand54/58€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€214k€203k▼
Equity10/15€11k€1k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€157€157=
Profit (loss) carried forward14€-58k€-67k▼
Amounts payable17/49€203k€202k▼
Amounts payable within one year42/48€203k€202k▼
Trade debts44€11k€9k▼
Suppliers440/4€11k€9k▼
Other amounts payable47/48€192k€192k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€12k€7k▼
Gross operating margin9900€-502€8k▲
Operating profit (loss)9901€-22k€-9k▲
Financial charges65/66B€201€362▲
Recurring financial charges65€201€362▲
Profit (loss) for the period before taxes9903€-22k€-10k▲
Profit (loss) for the period9904€-22k€-10k▲
Profit (loss) for the period to be appropriated9905€-22k€-10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-58k€-67k▼
Profit (loss) brought forward from the previous period14P€-36k€-58k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 95 days late
2022
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 74 days late
2021
31-12
Financial
Weakest financial yearnet €-41k
Net result drops to €-41k, the lowest in the series; recovery starts the following year.
28-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 881 days late
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 137 days late
15-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 502 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
07-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 191 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Zulte · 1 establishment unit since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kapellestraat 1129870 ZulteGround area
236 m²
Building footprint
236 m²
Volume, LiDAR
1,478 m³
Parcel 44081B0581/00F002, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELVESA NV
since 19922.057.256.073
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44081B0581/00F002 | Flanders | 236 m² | 1 · 236 m² | 11.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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EVL Invest
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Of 9,094 companies in sector 68201 we hold annual accounts for 6,725. 434 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-11-1991
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
70204
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.