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Complete company report
Generated 13-08-2026
Active BE 0556.617.573Private limited companyOpen bankruptcy

ELZ Solutions

Dorpsstraat 57 ·8680 Koekelare, Belgium· 12 yrs active
Sector: Algemene elektrotechnische installatiewerken (43211)
Conclusion Checked

A bankruptcy procedure is open for ELZ Solutions according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €42k and a net result of €-25k.

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €42k
Net result €-25k
Staff (FTE) 1
Better than sector 50%
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health0Profitability0Solvency72Growth52Stability0
25 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 0
Solvency 72
Growth 52
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2023 · computed
0 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview9 NBB filings
Annual accounts filed on 26-08-2024 with the NBB · fiscal year 2023 · micro
€-40k€-20k€0€20k€40kOperating result 2019: €-7k€-7kNet result 2019: €-8k€-8kOperating result 2020: €-3k€-3kNet result 2020: €-4k€-4kOperating result 2021: €10k€10kNet result 2021: €10k€10kOperating result 2022: €44k€44kNet result 2022: €29k€29kOperating result 2023: €-27k€-27kNet result 2023: €-25k€-25k20192020202120222023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 39.0% 38.7%
better than 50% of 9099 sector peers
Net result €-25k €12k
better than 5% of 9084 sector peers
Equity €42k €30k
better than 61% of 9105 sector peers
Gross operating margin €881 €33k
better than 10% of 9074 sector peers
Staff costs €24k €26k
higher than 49% of 3340 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-26k
- 18-23
Net profit
€-25k
- 18-23
Cash flow
€-24k
- 18-23
Total assets
€109k
-29.7% 18-23
Equity
€42k
-37.4% 18-23
Working capital
€34k
-47.3% 18-23
Employees (FTE)
1
- 18-23
Staff costs
€24k
- 18-23
Income taxes
€10k
- 18-23
Debt
€66k
-23.7% 18-23
Debt ≤ 1y
€66k
-22.3% 18-23
Current ratio
1.51
-13.8% 18-23
Quick ratio
1.51
-13.8% 18-23
Solvency
39.0%
-11.0% 18-23
Debt / equity
1.56
+22.0% 18-23
ROE
-59.8%
- 18-23
ROA
-23.4%
- 18-23
Interest coverage
-20.27
- 18-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue-
EBITDA€-26k
Net profit€-25k
Cash flow€-24k
Staff costs€24k
Income taxes-
Dividends-
Total assets€109k
Equity€42k
Debt€66k
of which ≤ 1y€66k
of which > 1y-
Working capital€34k
Employees (FTE)1.0
Ratios (computed)
2023
Current ratio1.51
Quick ratio1.51
Working capital ratio31.0%
Solvency39.0%
Debt / equity1.56
Long-term debt ratio-
Interest coverage-20.27
Gross margin-
Net margin-
ROA-23.4%
ROE-59.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€109k
Fixed assets 21/28€9k
Tangible fixed assets 22/27€6k
Financial fixed assets 28€3k
Current assets 29/58€100k
Amounts receivable within one year 40/41€52k
Cash & bank 54/58€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€109k
Equity 10/15€42k
Contributions / capital 10/11€3k
Reserves 13€39k
Amounts payable 17/49€66k
Amounts payable within one year 42/48€66k
Trade debts payable within one year 44€44k
Income statement
Gross operating margin 9900€881
Operating result 9901€-27k
Financial income 75€3k
Financial charges 65€1k
Result before taxes 9903€-25k
Net result for the period 9904€-25k
Result to be appropriated 9905€-25k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator ELS LEENKNECHT
FABRIEKSSTRAAT 4 BUS 1, 8600 DIKSMUIDE
 28-04-2025 → present Belgian State Gazette
Legal Structure
NACE primary Algemene elektrotechnische installatiewerken(43211)
Legal form Private limited company(610)
Incorporation15-07-2014
StatusActive
Postal code8680
First BS signal 07-05-2025
Latest BS signal 07-05-2025
Establishment units 1 location
ELZ Solutions
Oostendesteenweg(FICH) 68, 8480 IchtegemVervaardiging van asfalt werken
since 20142.233.710.258
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35006D0229/00K002 Flanders 2,500 m² 1 · 2,090 m² 8.4 m · 2 fl.
32010D0050/00G000 Flanders 883 m² 1 · 380 m² 14.9 m · 4 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
07-05-2025
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Oostende · ELZ SOLUTIONS BV DORPS- STRAAT 57/5, 8680 KOEKELARE. — · event 28-04-2025
2024
24-09-2024
State Gazette act Registered-office change
26-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
10-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
05-04-2023
State Gazette act Registered-office change
2022
30-09-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
22-06-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
02-07-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
01-07-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
28-06-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
08-09-2017
NBB filing Annual accounts filed
fiscal year 2015 · verkort
30-06-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
Lifecycle & Insolvency Signals 1 events
07-05-2025
Bankruptcy Opening
Date: 28-04-2025 · Ondernemingsrechtbank Gent, afdeling Oostende · ELZ SOLUTIONS BV DORPS- STRAAT 57/5, 8680 KOEKELARE. — · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-05-07 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 2 acts
Address history · 2
24-09-2024
Registered-office move
05-04-2023
Registered-office move
All acts · 2 updated 1 year ago
2024
24-09-2024 Registered office moved from Ichtegem to Koekelare Registered-office change
  • Engelstraat 125, 8480 Ichtegem → Dorpstraat 57 bus 5, 8680 Koekelare
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Dorpstraat 57 bus 5, 8680 Koekelare",
        "city": "Koekelare",
        "region": "vlaams_gewest",
        "street": "Dorpstraat",
        "country": "BE",
        "postcode": "8680",
        "box_number": "5",
        "street_number": "57",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Engelstraat 125, 8480 Ichtegem",
        "city": "Ichtegem",
        "region": "vlaams_gewest",
        "street": "Engelstraat",
        "country": "BE",
        "postcode": "8480",
        "box_number": null,
        "street_number": "125",
        "locality_suffix": null
      },
      "effective_date": "2024-09-05",
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "act_body",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-09-24",
    "filing_date": "2024-09-13",
    "act_kind_objet": "Zetel (zetelverplaatsing)"
  },
  "decision": {
    "body": "enig_aandeelhouder_schriftelijk",
    "date": "2024-09-05",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0556.617.573",
    "name_full": "ELZ Solutions",
    "legal_form": "BV",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": "1000.630.521",
    "org_name": "BV Jouw Accountant",
    "person_name": null,
    "org_rep_person_name": "Dirk Braet",
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "de notulen van de bestuursvergadering dd. 05/09/2024"
  ]
}
2023
05-04-2023 Registered office moved from Ledegem to Ichtegem Registered-office change
  • Rollegem-Kapelsestraat 9, 8880 Ledegem → Engelstraat 125, 8480 Ichtegem
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Engelstraat 125, 8480 Ichtegem",
        "city": "Ichtegem",
        "region": "vlaams_gewest",
        "street": "Engelstraat",
        "country": "BE",
        "postcode": "8480",
        "box_number": null,
        "street_number": "125",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Rollegem-Kapelsestraat 9, 8880 Ledegem",
        "city": "Ledegem",
        "region": "vlaams_gewest",
        "street": "Kapelsestraat",
        "country": "BE",
        "postcode": "8880",
        "box_number": null,
        "street_number": "9",
        "locality_suffix": null
      },
      "effective_date": "2023-03-04",
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Gent",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-04-05",
    "filing_date": "2023-03-27",
    "act_kind_objet": "Zetel (zetelverplaatsing)"
  },
  "decision": {
    "body": "algemene_vergadering",
    "date": "2023-03-04",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0556.617.573",
    "name_full": "AZ Dak",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "James Reynaert",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": [
    "het verslag van het bestuursorgaan dd. 04/03/2023",
    "de notulen van de algemene vergadering dd. 04/03/2023"
  ]
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Installatie van industriële machines, toestellen en werktuigen33200Installatie van industriële machines, toestellen en werktuigen33200Elektrotechnische installatiewerken, uitgezonderd aan gebouwen43212Elektrotechnische installatiewerken van nijverheidsinrichtingen43212Dakwerkzaamheden43410Dakwerkzaamheden43910Groothandel in elektrisch materiaal, inclusief installatiemateriaal46643Groothandel in elektrisch materiaal, inclusief installatiemateriaal46693Groothandel in installatiemateriaal voor loodgieterswerk en verwarming46742Groothandel in installatiemateriaal voor loodgieterswerk en verwarming46842Detailhandel in sanitaire artikelen en sanitair installatiemateriaal in gespecialiseerde winkels47527Detailhandel in sanitaire artikelen en sanitair installatiemateriaal47527Detailhandel in elektrische huishoudapparaten in gespecialiseerde winkels47540Detailhandel in elektrische huishoudapparaten47540Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
Legal nameNL ELZ Solutions
Registered office
Dorpsstraat 57 bus 5
8680 Koekelare, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative