ELVO
ActiveSummary
ELVO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €103k and a net result of €10k. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 90% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 6.84 against 9.16 in 2023; short-term debt: 13.2% and cash: 61.5% of total assets), and 15.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
28 d early
2022
35 d early
2021
24 d early
2020
25 d early
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€103k▲ 10.9%
2023 · €93k
2018: €42k
2019: €44k
2020: €49k
2021: €67k
2022: €83k
2023: €93k
2018 → 2024
Total assets
€122k▲ 14.2%
2023 · €106k
2018: €57k
2019: €49k
2020: €63k
2021: €80k
2022: €106k
2023: €106k
2018 → 2024
Net result
€10k▼ 0.4%
2023 · €10k
2018: €-528
2019: €6k
2020: €8k
2021: €21k
2022: €15k
2023: €10k
2018 → 2024
Working capital
€94k▲ 15.6%
2023 · €81k
2018: €34k
2019: €38k
2020: €44k
2021: €57k
2022: €71k
2023: €81k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€49k-€67k▲ 37.7%€83k▲ 22.9%€93k▲ 12.3%€103k▲ 10.9%
Operating result€11k-€29k▲ 161%€22k▼ 26.2%€17k▼ 20.2%€17k▼ 2.8%
Net result€8k-€21k▲ 168%€15k▼ 28.0%€10k▼ 34.0%€10k▼ 0.4%
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; 2024 is 3% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €122k
Fixed assets
€12k ▼ 23.8%
Current assets
€110k ▲ 20.6%
Equity and liabilities €122k
Equity
€103k ▲ 10.9%
Debt
€18k ▲ 36.7%
Debt's share of the balance-sheet total rises from 12.7% to 15.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20k▼
2023 · €21k
Cash flow
€14k▲
2023 · €14k
Current ratio
6.84▼
2023 · 9.16
Quick ratio
6.61▼
2023 · 9.03
Debt to equity
0.18▲
2023 · 0.15
ROE
9.8%▼
2023 · 11.0%
ROA
8.3%▼
2023 · 9.6%
Interest coverage
7.73▲
2023 · 6.58
Debt ≤ 1 year
€16k▲
2023 · €10k
Debt > 1 year
€2k▼
2023 · €4k
Income taxes
€4k▼
2023 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€106k€122k▲
Fixed assets21/28€15k€12k▼
Tangible fixed assets22/27€15k€12k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€9k€7k▼
Current assets29/58€91k€110k▲
Stocks and contracts in progress3€1k€4k▲
Stocks30/36€1k€4k▲
Amounts receivable within one year40/41€20k€22k▲
Trade receivables40€14k€16k▲
Other amounts receivable41€6k€5k▼
Cash at bank and in hand54/58€54k€75k▲
Deferred charges and accrued income490/1€16k€10k▼
Equity and liabilities
Total equity and liabilities10/49€106k€122k▲
Equity10/15€93k€103k▲
Contributions10/11€6k€6k=
Reserves13€87k€97k▲
Distributable reserves133€87k€97k▲
Amounts payable17/49€14k€18k▲
Amounts payable after more than one year17€4k€2k▼
Financial debts170/4€4k€2k▼
Amounts payable within one year42/48€10k€16k▲
Current portion of amounts payable after more than one year42€1k€2k▲
Trade debts44€5k€12k▲
Suppliers440/4€5k€12k▲
Advances received on contracts in progress46€2k€2k▲
Taxes, remuneration and social security45€2k€1k▼
Taxes450/3€2k€1k▼
Accrued charges and deferred income492/3-€387
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€22k€22k▼
Operating profit (loss)9901€17k€17k▼
Financial income75/76B€651€366▼
Recurring financial income75€651€366▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€15k€14k▼
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€10k€10k▼
Profit (loss) for the period to be appropriated9905€10k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€10k▼
Profit (loss) brought forward from the previous period14P€33k-
Transfer to equity691/2€43k€10k▼
To other reserves6921€43k€10k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €103k ▲10.9%
6 profitable years in a row build equity to €103k.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €21k ▲168%
Operating result €29k, net result €21k, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 7.79
Current ratio from 3.24 to 7.79; short-term debt falls from €15k to €6k.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Grobbendonk · 1 establishment unit since 2010
Ground area
1,117 m²
Building footprint
217 m²
Volume, LiDAR
1,111 m³
Parcel 13005A0082/02H000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELVO
since 20102.185.332.202
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13005A0082/02H000 | Flanders | 1,117 m² | 1 · 217 m² | 6.7 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.
Similar companies · same sector, comparable size
DELTOUR CONSTRUCT
BE 0683.912.950
Blégny · Eq €103,053
JOHAN ROELS
BE 0550.454.412
Dilbeek · Eq €102,896
Schaaff Toitures
BE 0759.733.692
Léglise · Eq €103,303
VLMS
BE 0501.688.057
Welkenraedt · Eq €103,397
ALLFORKIT
BE 0783.777.222
Wingene · Eq €103,422
Of 11,135 companies in sector 43910 we hold annual accounts for 5,488. 4,807 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.