ELWECO
ActiveELWECO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €769k and a net result of €202k. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 79% of 971 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▲+5
Solvency96▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 3.22 against 5.33 in 2024; short-term debt: 17.5% and cash: 36.9% of total assets), and 29.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70.8%
Return on assets
18.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
59 d early
2023
15 d early
2022
25 d late
2021
23 d late
2020
30 d late
2019
67 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€769k▲ 28.3%
2024 · €599k
2018: €302k
2019: €334k
2020: €407k
2021: €422k
2022: €492k
2023: €482k
2024: €599k
2018 → 2025
Total assets
€1.09M▲ 32.1%
2024 · €822k
2018: €760k
2019: €728k
2020: €939k
2021: €911k
2022: €933k
2023: €868k
2024: €822k
2018 → 2025
Net result
€202k▲ 72.5%
2024 · €117k
2018: €12k
2019: €32k
2020: €72k
2021: €15k
2022: €71k
2023: €-10k
2024: €117k
2018 → 2025
Working capital
€422k▲ 41.7%
2024 · €298k
2018: €18k
2019: €-58k
2020: €68k
2021: €99k
2022: €190k
2023: €162k
2024: €298k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€422k-€492k▲ 16.7%€482k▼ 2.1%€599k▲ 24.3%€769k▲ 28.3%
Operating result€68k-€107k▲ 57.6%€2k▼ 98.5%€173k▲ 10,409%€298k▲ 71.5%
Net result€15k-€71k▲ 369%€-10k€117k€202k▲ 72.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 72% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.09M
Fixed assets
€474k▲ 4.0%
Current assets
€613k▲ 67.1%
Equity and liabilities €1.09M
Equity
€769k▲ 28.3%
Debt
€318k▲ 42.5%
The debt ratio rises from 27.1% to 29.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€353k▲
2024 · €239k
Cash flow
€258k▲
2024 · €182k
Solvency
70.8%▼
2024 · 72.9%
Current ratio
3.22▼
2024 · 5.33
Quick ratio
3.20▼
2024 · 5.33
Debt / equity
0.41▲
2024 · 0.37
ROE
26.3%▲
2024 · 19.5%
ROA
18.6%▲
2024 · 14.2%
Interest coverage
58.69▲
2024 · 31.40
Debt
€318k▲
2024 · €223k
Debt ≤ 1 year
€190k▲
2024 · €69k
Debt > 1 year
€127k▼
2024 · €154k
Income taxes
€91k▲
2024 · €49k
Staff costs
€222k▼
2024 · €238k
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€822k€1.09M▲
Fixed assets21/28€456k€474k▲
Tangible fixed assets22/27€455k€474k▲
Land and buildings22€342k€348k▲
Plant, machinery and equipment23€56k€68k▲
Furniture and vehicles24€10k€7k▼
Other tangible fixed assets26€47k€51k▲
Financial fixed assets28€405€405=
Current assets29/58€367k€613k▲
Stocks and contracts in progress3-€4k
Stocks30/36-€4k
Amounts receivable within one year40/41€141k€202k▲
Trade receivables40€116k€182k▲
Other amounts receivable41€24k€20k▼
Cash at bank and in hand54/58€221k€401k▲
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€822k€1.09M▲
Equity10/15€599k€769k▲
Contributions10/11€155k€155k=
Reserves13€445k€614k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€19k€19k=
Distributable reserves133€426k€596k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€223k€318k▲
Amounts payable after more than one year17€154k€127k▼
Financial debts170/4€154k€127k▼
Amounts payable within one year42/48€69k€190k▲
Current portion of amounts payable after more than one year42€34k€27k▼
Financial debts43€13k€23k▲
Credit institutions430/8€13k€23k▲
Trade debts44€4k€48k▲
Suppliers440/4€4k€48k▲
Taxes, remuneration and social security45€15k€62k▲
Taxes450/3€12k€58k▲
Remuneration and social security454/9€4k€4k▲
Other amounts payable47/48€3k€31k▲
Income statement
Code20242025
Non-recurring operating income76A€3k€0▼
Remuneration, social security and pensions62€238k€222k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€56k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-8k
Other operating charges640/8€16k€23k▲
Gross operating margin9900€493k€590k▲
Operating profit (loss)9901€173k€298k▲
Financial income75/76B€48€2k▲
Recurring financial income75€48€2k▲
Financial charges65/66B€8k€6k▼
Recurring financial charges65€8k€6k▼
Profit (loss) for the period before taxes9903€166k€293k▲
Income taxes67/77€49k€91k▲
Profit (loss) for the period9904€117k€202k▲
Profit (loss) for the period to be appropriated9905€117k€202k▲
Appropriation of the result
Profit (loss) to be appropriated9906€117k€202k▲
Transfer from equity791/2€0€32k▲
Transfer to equity691/2€117k€202k▲
To other reserves6921€117k€202k▲
Profit to be distributed694/7-€32k
Return on contributions (dividend)694-€32k
The notes to these accounts (14 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €202k ▲72.5%
Operating result €298k, net result €202k, both a record.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €117k
Net result €117k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 5.33
Current ratio from 1.82 to 5.33; short-term debt falls from €198k to €69k.
31-12
Financial
Equity above €500kEq €599k ▲24.3%
Equity rises from €482k to €599k.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-10k ▼114%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 67 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Maasmechelen · 3 establishment units since 1989
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.
Grotestraat(B) 813631 MaasmechelenGround area
9,823 m²
Building footprint
2,453 m²
Volume, LiDAR
3,180 m³
3 parcels, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
ELWECO NV
since 19892.042.598.680
De twië köninge
since 20142.227.382.789
De Konik
since 20202.308.474.690
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73008A1227/00R000 | Flanders | 8,751 m² | 1 · 1,902 m² | 0.1 m |
| 73008A0751/00E000 | Flanders | 930 m² | 1 · 397 m² | 9.2 m · 2 fl. |
| 73084B0506/00P000 | Flanders | 141 m² | 1 · 154 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 2,243 EUR awarded · 2,243 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 206 EUR | 206 EUR |
| 2024 | 1 | 101 EUR | 101 EUR |
| 2023 | 1 | 998 EUR | 998 EUR |
| 2022 | 1 | 938 EUR | 938 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
5 categoriesELWECO BV45905
Food safety, FASFC
2 sitesMaasmechelen2.227.382.789
Maasmechelen2.308.474.690
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Of 1,823 companies in sector 42220 we hold annual accounts for 958. 467 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-02-1989
Fiscal year end31-12
Activities, NACEBEL
42220Construction of utility projects for electricity and telecommunications
45215
55100Hotels and similar accommodation
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.