ELYZEE
InactiveELYZEE was declared bankrupt on 19-10-2023 (Ondernemingsrechtbank Gent, afdeling Oostende); the bankruptcy was closed by liquidation by judgment of 26-05-2025, published in the Belgian State Gazette on 05-06-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 29-01-2024, 2 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
2 d early
2022
1 d early
2021
on the day
2020
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 9 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2023, micro schema
Equity
-€76,711▼ 288%
2022 · -€19,792
Total assets
€211,949▼ 24.1%
2022 · €279,301
Net result
-€56,918
2022 · €1,339
Working capital
-€195,186▼ 60.4%
2022 · -€121,687
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2020202120222023
Operating result-€1,953--€9,355▼ 379%€11,334-€44,842
Net result-€6,904--€20,427▼ 196%€1,339-€56,918
Equity-€704--€21,131▼ 2,902%-€19,792▲ 6.3%-€76,711▼ 288%
Total assets€226,526-€242,744▲ 7.2%€279,301▲ 15.1%€211,949▼ 24.1%
Debt€227,230-€263,875▲ 16.1%€299,093▲ 13.3%€288,660▼ 3.5%
Working capital-€118,352--€114,399▲ 3.3%-€121,687▼ 6.4%-€195,186▼ 60.4%
Staff (FTE)4.1-5.8▲ 41.5%4.4▼ 24.1%3.7▼ 15.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €44,842 after €11,334 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €211,569
Fixed assets
€171,207 ▼ 13.5%
Current assets
€40,362 ▼ 49.9%
Key figures and ratios
EBITDA
€1,132▼
2022 · €55,096
Cash flow
-€10,944▼
2022 · €45,101
Solvency
-36.2%▼
2022 · -7.1%
Current ratio
0.17▼
2022 · 0.40
Quick ratio
0.10▼
2022 · 0.32
Debt to equity
-3.76▲
2022 · -15.11
ROA
-26.9%▼
2022 · 0.5%
Interest coverage
0.09▼
2022 · 5.51
Debt ≤ 1 year
€235,549▲
2022 · €202,230
Debt > 1 year
€53,111▼
2022 · €86,791
Staff costs
€96,454▼
2022 · €135,718
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,135 | - | - |
| Remuneration, social security and pensions62 | - | - | €135,718 | €96,454 | ▼ 28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,352 | €32,671 | €43,761 | €45,974 | ▲ 5.1% |
| Other operating charges640/8 | - | - | €2,085 | €4,695 | ▲ 125% |
| Gross operating margin9900 | €227,041 | €97,753 | €192,899 | €102,281 | ▼ 47.0% |
| Operating profit (loss)9901 | -€1,953 | -€9,355 | €11,334 | -€44,842 | ▼ 496% |
| Financial income75/76B | - | - | €0 | €1 | ▲ 410% |
| Recurring financial income75 | €22 | €104 | €0 | €1 | ▲ 410% |
| Financial charges65/66B | - | - | €9,995 | €12,077 | ▲ 20.8% |
| Recurring financial charges65 | €16,174 | €11,176 | €9,995 | €12,077 | ▲ 20.8% |
| Profit (loss) for the period before taxes9903 | -€6,904 | -€20,427 | €1,339 | -€56,918 | ▼ 4,350% |
| Profit (loss) for the period9904 | -€6,904 | -€20,427 | €1,339 | -€56,918 | ▼ 4,350% |
| Profit (loss) for the period to be appropriated9905 | -€6,904 | -€20,427 | €1,339 | -€56,918 | ▼ 4,350% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €226,526 | €242,744 | €279,301 | €211,949 | ▼ 24.1% |
| Formation expenses20 | €1,520 | €1,140 | €760 | €380 | ▼ 50.0% |
| Fixed assets21/28 | €198,150 | €215,655 | €197,998 | €171,207 | ▼ 13.5% |
| Intangible fixed assets21 | €2,258 | €1,694 | €1,129 | €565 | ▼ 50.0% |
| Tangible fixed assets22/27 | €191,796 | €208,816 | €191,723 | €163,947 | ▼ 14.5% |
| Plant, machinery and equipment23 | - | - | €28,375 | €15,518 | ▼ 45.3% |
| Furniture and vehicles24 | - | - | €35,394 | €27,570 | ▼ 22.1% |
| Leasing and similar rights25 | - | - | - | €13,985 | - |
| Other tangible fixed assets26 | - | - | €127,954 | €106,873 | ▼ 16.5% |
| Financial fixed assets28 | €4,096 | €5,146 | €5,146 | €6,696 | ▲ 30.1% |
| Current assets29/58 | €26,856 | €25,949 | €80,543 | €40,362 | ▼ 49.9% |
| Stocks and contracts in progress3 | €8,500 | €12,500 | €16,500 | €15,900 | ▼ 3.6% |
| Stocks30/36 | - | - | €16,500 | €15,900 | ▼ 3.6% |
| Amounts receivable within one year40/41 | €3,698 | €1,309 | €63,309 | €22,075 | ▼ 65.1% |
| Trade receivables40 | - | - | €62,623 | €21,940 | ▼ 65.0% |
| Other amounts receivable41 | - | - | €686 | €136 | ▼ 80.2% |
| Cash at bank and in hand54/58 | €14,555 | €12,139 | €734 | €2,387 | ▲ 225% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €226,526 | €242,744 | €279,301 | €211,949 | ▼ 24.1% |
| Equity10/15 | -€704 | -€21,131 | -€19,792 | -€76,711 | ▼ 288% |
| Contributions10/11 | - | - | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€6,904 | -€27,331 | -€25,992 | -€82,911 | ▼ 219% |
| Amounts payable17/49 | €227,230 | €263,875 | €299,093 | €288,660 | ▼ 3.5% |
| Amounts payable after more than one year17 | €76,021 | €122,447 | €86,791 | €53,111 | ▼ 38.8% |
| Financial debts170/4 | - | - | €86,791 | €53,111 | ▼ 38.8% |
| Amounts payable within one year42/48 | €145,209 | €140,348 | €202,230 | €235,549 | ▲ 16.5% |
| Current portion of amounts payable after more than one year42 | - | - | €35,656 | €64,816 | ▲ 81.8% |
| Financial debts43 | - | - | €40,457 | €50,697 | ▲ 25.3% |
| Credit institutions430/8 | - | - | €40,457 | €50,697 | ▲ 25.3% |
| Trade debts44 | €51,233 | €66,395 | €101,667 | €21,273 | ▼ 79.1% |
| Suppliers440/4 | - | - | €101,667 | €21,273 | ▼ 79.1% |
| Advances received on contracts in progress46 | - | - | - | €22,737 | - |
| Taxes, remuneration and social security45 | - | - | €4,202 | €21,696 | ▲ 416% |
| Taxes450/3 | - | - | €2,039 | €20,487 | ▲ 905% |
| Remuneration and social security454/9 | - | - | €2,162 | €1,208 | ▼ 44.1% |
| Other amounts payable47/48 | - | - | €20,248 | €54,330 | ▲ 168% |
| Accrued charges and deferred income492/3 | - | - | €10,072 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,904 | -€20,427 | €1,339 | -€56,918 | ▼ 4,350% |
| + Depreciation and write-downs630 | €30,352 | €32,671 | €43,761 | €45,974 | ▲ 5.1% |
| Operating cash flow (approximation) | €23,448 | €12,244 | €45,101 | -€10,944 | ▼ 124% |
| Investment in fixed assets (approximation) | - | -€50,177 | -€26,105 | -€19,183 | ▲ 26.5% |
| Change in cash | - | -€2,415 | -€11,405 | €1,653 | ▲ 114% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
05-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Oostende · event 26-05-2025
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 19-10-2023
30-06
Financial
Weakest financial yearnet -€56,918
Net result drops to -€56,918, the lowest in the series.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €1,339
Net result €1,339 after 2 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MICHEL LANDUYT KONINGINNELAAN
73, 8430 MIDDELKERKE |
19-10-2023 → 26-05-2025 |