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Private limited companyfounded 2023active for 3 yearsRijsland(Heu) 6, 8501 Kortrijk, BelgiumKBO/BCE: BE 0799.700.563
Summary

Elydo 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 €137,705 and a net result of -€35,447. Its solvency ranks better than 24% of 9,668 sector peers (NACE 64, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Activities of holding companies
NACE 64210
1 site
Size
€712,082total assets 2025
Equity
€137,705
Loss
-€35,447
Turnover not published (micro format)
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
Holdings
1
Accounts filed 20 days late0 of 1 deed read
Signalsraises riskWeak solvency vs sectorneutralFiled after the deadlineShow the evidence

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked 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.
Bankruptcy probability, 12 months

This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.

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Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Two signals.
raises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 9668 sector peers (2025).
NBB · sector comparison
Position among 9668 sector peers
Solvency
better than 24%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filings
Deviation from the deadline
2025
20 days late
2024
28 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 24 days after the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
16-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…

Financials · financial year 2025, micro format

2025 annual accounts filed late (20 days) Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00433132.

Equity
€137,705▼ 20.5%
2024 · €173,152
Net result
-€35,447
2024 · €168,985
Total assets
€712,082▲ 126%
2024 · €314,983
Solvency
19.3%▼ 35.6pp
2024 · 55.0%
Trend over the years

2024 to 2025, 2 financial years

The operating result turns negative in 2025: a loss of €36,620 after €32,378 in 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€36,620 2025 Net result-€35,447 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€32,378--€36,620
Net result€168,985above the sector's middle half--€35,447below the sector's middle half
Equity€173,152within the sector's middle half-€137,705within the sector's middle half▼ 20.5%
Total assets€314,983within the sector's middle half-€712,082within the sector's middle half▲ 126%
Debt€141,830-€574,377▲ 305%
Working capital€57,535within the sector's middle half--€7,644within the sector's middle half
Solvency55.0%within the sector's middle half-19.3%below the sector's middle half▼ 35.6pp
Current ratio2.83within the sector's middle half-0.97within the sector's middle half▼ 1.86
Return on assets (ROA)53.6%above the sector's middle half--5.0%below the sector's middle half▼ 58.6pp
above within below the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €712,082
Fixed assets €484,758 ▲ 114%
Current assets €227,324 ▲ 155%
Equity and liabilities €712,082
Equity €137,705 ▼ 20.5%
Debt €574,377 ▲ 305%
Debt's share of the balance-sheet total rises from 45.0% to 80.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
ROE
-25.7%▼
2024 · 97.6%
Debt ≤ 1 year
€234,968▲
2024 · €31,448
Debt > 1 year
€335,094▲
2024 · €108,093
Income taxes
€0▼
2024 · €5,787
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet Code20242025
Assets
Total assets20/58€314,983€712,082▲
Fixed assets21/28€226,000€484,758▲
Tangible fixed assets22/27€1,000€259,758▲
Land and buildings22-€259,199
Furniture and vehicles24€1,000€559▼
Financial fixed assets28€225,000€225,000=
Current assets29/58€88,983€227,324▲
Amounts receivable within one year40/41€49,581€123,231▲
Trade receivables40-€6,050
Other amounts receivable41€49,581€117,181▲
Current investments50/53€20,000€57,018▲
Cash at bank and in hand54/58€18,504€47,075▲
Deferred charges and accrued income490/1€898€0▼
Equity and liabilities
Total equity and liabilities10/49€314,983€712,082▲
Equity10/15€173,152€137,705▼
Contributions10/11€5,000€5,000=
Reserves13€168,000€132,500▼
Distributable reserves133€168,000€132,500▼
Profit (loss) carried forward14€152€205▲
Amounts payable17/49€141,830€574,377▲
Amounts payable after more than one year17€108,093€335,094▲
Financial debts170/4€108,093€335,094▲
Amounts payable within one year42/48€31,448€234,968▲
Current portion of amounts payable after more than one year42€22,132€32,254▲
Trade debts44€1,024€1,034▲
Suppliers440/4€1,024€1,034▲
Taxes, remuneration and social security45€7,459€6,681▼
Taxes450/3€5,409€4,631▼
Remuneration and social security454/9€2,050€2,050=
Other amounts payable47/48€833€195,000▲
Accrued charges and deferred income492/3€2,289€4,314▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€321€32,441▲
Other operating charges640/8€126€1,384▲
Gross operating margin9900€32,825-€2,794▼
Operating profit (loss)9901€32,378-€36,620▼
Financial income75/76B€154,102€7,902▼
Recurring financial income75€154,102€7,902▼
Financial charges65/66B€11,708€6,729▼
Recurring financial charges65€11,708€6,729▼
Profit (loss) for the period before taxes9903€174,773-€35,447▼
Income taxes67/77€5,787€0▼
Profit (loss) for the period9904€168,985-€35,447▼
Profit (loss) for the period to be appropriated9905€168,985-€35,447▼
Appropriation of the result
Profit (loss) to be appropriated9906€168,985-€35,295▼
Profit (loss) brought forward from the previous period14P-€152
Transfer from equity791/2-€35,500
Transfer to equity691/2€168,000€0▼
To other reserves6921€168,000€0▼
Profit to be distributed694/7€833€0▼
Return on contributions (dividend)694€833€0▼

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€321€32,441▲ 10,015%
Other operating charges640/8€126€1,384▲ 999%
Gross operating margin9900€32,825-€2,794-
Operating profit (loss)9901€32,378-€36,620-
Financial income75/76B€154,102€7,902▼ 94.9%
Recurring financial income75€154,102€7,902▼ 94.9%
Financial charges65/66B€11,708€6,729▼ 42.5%
Recurring financial charges65€11,708€6,729▼ 42.5%
Profit (loss) for the period before taxes9903€174,773-€35,447-
Income taxes67/77€5,787€0▼ 100%
Profit (loss) for the period9904€168,985-€35,447-
Profit (loss) for the period to be appropriated9905€168,985-€35,447-
Line20242025Change
Assets
Total assets20/58€314,983€712,082▲ 126%
Fixed assets21/28€226,000€484,758▲ 114%
Tangible fixed assets22/27€1,000€259,758▲ 25,888%
Land and buildings22-€259,199-
Furniture and vehicles24€1,000€559▼ 44.0%
Financial fixed assets28€225,000€225,000=
Current assets29/58€88,983€227,324▲ 155%
Amounts receivable within one year40/41€49,581€123,231▲ 149%
Trade receivables40-€6,050-
Other amounts receivable41€49,581€117,181▲ 136%
Current investments50/53€20,000€57,018▲ 185%
Cash at bank and in hand54/58€18,504€47,075▲ 154%
Deferred charges and accrued income490/1€898€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€314,983€712,082▲ 126%
Equity10/15€173,152€137,705▼ 20.5%
Contributions10/11€5,000€5,000=
Reserves13€168,000€132,500▼ 21.1%
Distributable reserves133€168,000€132,500▼ 21.1%
Profit (loss) carried forward14€152€205▲ 34.7%
Amounts payable17/49€141,830€574,377▲ 305%
Amounts payable after more than one year17€108,093€335,094▲ 210%
Financial debts170/4€108,093€335,094▲ 210%
Amounts payable within one year42/48€31,448€234,968▲ 647%
Current portion of amounts payable after more than one year42€22,132€32,254▲ 45.7%
Trade debts44€1,024€1,034▲ 0.9%
Suppliers440/4€1,024€1,034▲ 0.9%
Taxes, remuneration and social security45€7,459€6,681▼ 10.4%
Taxes450/3€5,409€4,631▼ 14.4%
Remuneration and social security454/9€2,050€2,050=
Other amounts payable47/48€833€195,000▲ 23,309%
Accrued charges and deferred income492/3€2,289€4,314▲ 88.5%
Line20242025Change
Profit (loss) for the period9904€168,985-€35,447-
+ Depreciation and write-downs630€321€32,441▲ 10,015%
Operating cash flow (approximation)€169,306-€3,006-
Investment in fixed assets (approximation)--€291,200-
Change in cash-€28,572-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2025 micro format 20-08-2026 2026-00433132
31-12-2024 micro format 28-08-2025 2025-00430357

Similar companies · same sector, comparable size

Of the 24,460 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,973. 13,214 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

Group and network

Holdings and subsidiaries

1 holding

Holdings 1

According to the 2025 annual accounts of Elydo and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Connections & network

No directors read yet: 0 of 1 Gazette act processed.

History

On 20 March 2023, Elydo was incorporated as a private limited company.1 The company has filed 2 sets of annual accounts, the latest for financial year 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
20-08
NBB filing Annual accounts filed
financial year 2025 · micro format · 20 days late
2025
28-08
NBB filing Annual accounts filed
financial year 2024 · micro format · 28 days late
NBB filing
0 of 1 deed read
About the unread acts

We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded20-03-2023
Financial year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
70100Activities of head offices
70200Business and other management consultancy
73300Public relations and communication consultancy
82100Office administrative and support services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0799700563
Also 9925:BE0799700563
Registered 15-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 15 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2023
registered office establishment The establishment unit on the map
Ground area
1,371 m²
Building footprint
215 m²
Building volume
4 m³
2 parcels, Flanders · tallest building 3.7 m. Linked by address, not a title deed.
1 establishment unit
Elydo
Victor Desmetstraat(Mar) 2, 8510 KortrijkActivities of holding companies
since 2023unit no. 2.346.061.695
2 parcels
Flanders 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
34026B0383/00N000 Flanders 962 m² 1 · 129 m² 0.1 m
34016A0921/00C000 Flanders 408 m² 1 · 86 m² 3.7 m
How the parcels are linked
Good to know
Both parcels match the address exactly.