Elza
ActiveSummary
Elza has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €215k and a net result of €10k. Equity is growing by ~24.3% per year across the filed fiscal years. Its solvency ranks better than 88% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73▼-20
Solvency100▲+4
Growth35▼-17
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 5.36 against 3.63 in 2023; short-term debt: 18.4% and cash: 4.1% of total assets), and 19% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-09-2025, 39 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
39 d late
2023
51 d late
2022
35 d early
2021
20 d late
2020
257 d late
2019
90 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€247k▼ 39.5%
2018 · €409k
2018: €409k
2018 → 2019
EBIT margin
13.4%▲ 2.6pp
2018 · 10.8%
2018: 10.8%
2018 → 2019
Net result
€10k▼ 82.7%
2023 · €57k
2018: €32k
2019: €26k
2020: €38k
2021: €20k
2022: €27k
2023: €57k
2018 → 2024
Working capital
€213k▲ 6.7%
2023 · €200k
2018: €38k
2019: €64k
2020: €102k
2021: €121k
2022: €148k
2023: €200k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€102k-€122k▲ 19.3%€148k▲ 22.1%€205k▲ 38.3%€215k▲ 4.8%
Operating result€47k-€27k▼ 42.1%€53k▲ 93.8%€73k▲ 38.9%€14k▼ 81.1%
Net result€38k-€20k▼ 47.6%€27k▲ 36.7%€57k▲ 111%€10k▼ 82.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 81% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €266k
Fixed assets
€4k ▼ 71.9%
Current assets
€262k ▼ 4.9%
Equity and liabilities €266k
Equity
€215k ▲ 4.8%
Debt
€51k ▼ 39.8%
Debt's share of the balance-sheet total falls from 29.0% to 19.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▼
2023 · €78k
Cash flow
€20k▼
2023 · €62k
Current ratio
5.36▲
2023 · 3.63
Debt to equity
0.23▼
2023 · 0.41
ROE
4.6%▼
2023 · 27.7%
ROA
3.7%▼
2023 · 19.7%
Interest coverage
27.65▼
2023 · 85.28
Debt ≤ 1 year
€49k▼
2023 · €76k
Debt > 1 year
€2k▼
2023 · €8k
Income taxes
€3k▼
2023 · €16k
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 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€289k€266k▼
Fixed assets21/28€14k€4k▼
Tangible fixed assets22/27€14k€4k▼
Furniture and vehicles24€14k€4k▼
Current assets29/58€275k€262k▼
Amounts receivable within one year40/41€229k€251k▲
Trade receivables40€217k€248k▲
Other amounts receivable41€12k€3k▼
Cash at bank and in hand54/58€11k€11k▼
Deferred charges and accrued income490/1€35k-
Equity and liabilities
Total equity and liabilities10/49€289k€266k▼
Equity10/15€205k€215k▲
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€197k€207k▲
Amounts payable17/49€84k€51k▼
Amounts payable after more than one year17€8k€2k▼
Financial debts170/4€8k€2k▼
Amounts payable within one year42/48€76k€49k▼
Current portion of amounts payable after more than one year42€6k€7k▲
Trade debts44€13k-
Suppliers440/4€13k-
Taxes, remuneration and social security45€32k€12k▼
Taxes450/3€32k€12k▼
Other amounts payable47/48€25k€30k▲
Income statement
Code20232024
Remuneration, social security and pensions62€66-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€10k▲
Other operating charges640/8€937€2k▲
Gross operating margin9900€79k€26k▼
Operating profit (loss)9901€73k€14k▼
Financial charges65/66B€920€859▼
Recurring financial charges65€920€859▼
Profit (loss) for the period before taxes9903€72k€13k▼
Income taxes67/77€16k€3k▼
Profit (loss) for the period9904€57k€10k▼
Profit (loss) for the period to be appropriated9905€57k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€197k€207k▲
Profit (loss) brought forward from the previous period14P€140k€197k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 39 days late
2024
31-12
Financial
Weakest financial yearnet €10k ▼82.7%
Net result drops to €10k, the lowest in the series.
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 51 days late
2023
31-12
Financial
Highest result since 2018net €57k ▲111%
Operating result €73k, net result €57k, both a record.
31-12
Financial
Equity above €200kEq €205k ▲38.3%
6 profitable years in a row build equity to €205k.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 20 days late
14-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 257 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 14.00
Current ratio from 5.39 to 14.00; short-term debt falls from €23k to €9k.
2020
31-12
Financial
Liquidity triplescurrent ratio 5.39
Current ratio from 1.55 to 5.39; short-term debt falls from €116k to €23k.
31-12
Financial
Equity above €100kEq €102k ▲58.3%
3 profitable years in a row build equity to €102k.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 387 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Sint-Niklaas · 1 establishment unit since 2017
Ground area
420 m²
Building footprint
154 m²
Volume, LiDAR
1,332 m³
Parcel 46442C0936/00A003, Flanders · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Houten Schoen 34, 9100 Sint-Niklaas
since 20172.271.358.829
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46442C0936/00A003 | Flanders | 420 m² | 1 · 154 m² | 13.2 m · 3 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
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LIEGE INVEST
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Etablissements Claude FELTZ
BE 0424.968.183
Marche-en-Famenne · Eq €214,716
WEYNANTS
BE 0419.162.635
Steenokkerzeel · Eq €214,675
Of 10,667 companies in sector 47811 we hold annual accounts for 5,220. 3,727 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
Founded07-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.