ELVETHICO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €260k and a net result of €3k. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 37% of 5523 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-01-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
11 d early
2023
16 d early
2022
42 d early
2021
17 d early
2020
12 d early
2019
8 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€260k▲ 1.1%
2024 · €257k
2019: €191k
2020: €187k
2021: €185k
2022: €190k
2023: €208k
2024: €257k
2019 → 2025
Net result
€3k▼ 94.5%
2024 · €50k
2019: €35k
2020: €11k
2021: €13k
2022: €20k
2023: €42k
2024: €50k
2019 → 2025
Total assets
€699k▼ 1.8%
2024 · €713k
2019: €672k
2020: €663k
2021: €652k
2022: €644k
2023: €655k
2024: €713k
2019 → 2025
Solvency
37.2%▲ 1.1pp
2024 · 36.1%
2019: 28.4%
2020: 28.2%
2021: 28.4%
2022: 29.5%
2023: 31.7%
2024: 36.1%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€185k-€190k▲ 2.7%€208k▲ 9.2%€257k▲ 24.0%€260k▲ 1.1%
Operating result€23k-€35k▲ 51.3%€64k▲ 84.0%€77k▲ 20.8%€15k▼ 80.8%
Net result€13k-€20k▲ 56.9%€42k▲ 112%€50k▲ 17.1%€3k▼ 94.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 81% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €699k
Fixed assets
€673k▼ 2.2%
Current assets
€26k▲ 6.9%
Equity and liabilities €699k
Equity
€260k▲ 1.1%
Provisions
€5k▼ 22.8%
Debt
€434k▼ 3.2%
The debt ratio falls from 63.0% to 62.1%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
37.2%▲
2024 · 36.1%
ROE
1.0%▼
2024 · 19.3%
ROA
0.4%▼
2024 · 7.0%
Debt
€434k▼
2024 · €449k
Debt ≤ 1 year
€259k▼
2024 · €267k
Debt > 1 year
€175k▼
2024 · €181k
Income taxes
€4k▼
2024 · €10k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€713k€699k▼
Fixed assets21/28€688k€673k▼
Tangible fixed assets22/27€65k€50k▼
Furniture and vehicles24€65k€50k▼
Financial fixed assets28€623k€623k=
Current assets29/58€25k€26k▲
Amounts receivable within one year40/41€8k€4k▼
Other amounts receivable41€8k€4k▼
Cash at bank and in hand54/58€15k€21k▲
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€713k€699k▼
Equity10/15€257k€260k▲
Contributions10/11€52k€52k=
Reserves13€205k€208k▲
Tax-exempt reserves132€21k€16k▼
Distributable reserves133€184k€191k▲
Provisions and deferred taxes16€7k€5k▼
Deferred taxes168€7k€5k▼
Amounts payable17/49€449k€434k▼
Amounts payable after more than one year17€181k€175k▼
Financial debts170/4€32k€23k▼
Other amounts payable178/9€150k€152k▲
Amounts payable within one year42/48€267k€259k▼
Current portion of amounts payable after more than one year42€8k€9k▲
Financial debts43€11k-
Credit institutions430/8€11k-
Trade debts44€552€275▼
Suppliers440/4€552€275▼
Taxes, remuneration and social security45€6k€7k▲
Taxes450/3€6k€7k▲
Other amounts payable47/48€241k€244k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€15k▲
Other operating charges640/8€715€3k▲
Gross operating margin9900€87k€32k▼
Operating profit (loss)9901€77k€15k▼
Financial income75/76B€163€567▲
Recurring financial income75€163€567▲
Financial charges65/66B€12k€11k▼
Recurring financial charges65€12k€11k▼
Profit (loss) for the period before taxes9903€66k€5k▼
Transfer from deferred taxes780€934€2k▲
Transfer to deferred taxes680€8k-
Income taxes67/77€10k€4k▼
Profit (loss) for the period9904€50k€3k▼
Transfer from tax-exempt reserves789€3k€5k▲
Transfer to tax-exempt reserves689€23k-
Profit (loss) for the period to be appropriated9905€30k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€7k▼
Transfer to equity691/2€30k€7k▼
To other reserves6921€30k€7k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet €3k ▼94.5%
Net result drops to €3k, the lowest in the series.
20-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Highest result since 2019net €50k ▲17.1%
Operating result €77k, net result €50k, both a record.
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Equity above €200kEq €208k ▲9.2%
5 profitable years in a row build equity to €208k.
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
14-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
19-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
13-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Merelbeke-Melle · 1 establishment unit since 2005
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.
Beukenstraat 199820 Merelbeke-MelleGround area
778 m²
Building footprint
167 m²
Volume, LiDAR
839 m³
Parcel 44412B0446/00N000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELVETHICO
since 20052.145.212.507
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412B0446/00N000 | Flanders | 778 m² | 1 · 167 m² | 7.8 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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Of 24,728 companies in sector 64210 we hold annual accounts for 19,764. 13,669 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-01-2005
Fiscal year end30-06
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.