ELMO STUDIOS

Active

Private limited companyfounded 20179 yrs activeLindenstraat 90B, 9100 Sint-Niklaas, BelgiumKBO/BCE: BE 0673.571.760

Summary

ELMO STUDIOS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10k and a net result of €2k. Equity is growing by ~34.2% per year across the filed fiscal years. Its solvency ranks better than 33% of 2276 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2025

64 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability50▲+42

Solvency48▲+11

Growth52=

Track record100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity tight (current ratio 1.27 against 1.34 in 2024; short-term debt: 77.5% and cash: 81.5% of total assets), and 77.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Two signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 82

Relative position

BE, all sectors

reference

Sector 82

lower

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

30 d early

2024

23 d early

2023

13 d early

2022

20 d early

2021

20 d early

2020

25 d early

2019

56 d late

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Turnover

€74k▲ 6.5%

2024 · €69k

2021: €180k 2022: €134k 2023: €97k 2024: €69k

2021 → 2025

EBIT margin

4.5%▲ 8.3pp

2024 · -3.9%

2021: 13.9% 2022: 0.9% 2023: 14.8% 2024: -3.9%

2021 → 2025

Net result

€2k

2024 · €-6k

2018: €-28k 2019: €-7k 2020: €-8k 2021: €25k 2022: €889 2023: €11k 2024: €-6k

2018 → 2025

Working capital

€9k▼ 44.5%

2024 · €17k

2018: €-8k 2019: €-15k 2020: €-23k 2021: €-2k 2022: €172 2023: €-8k 2024: €17k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€180k-€134k▼ 25.4%€97k▼ 27.5%€69k▼ 29.1%€74k▲ 6.5%

Equity€2k-€3k▲ 39.2%€14k▲ 340%€8k▼ 44.8%€10k▲ 29.7%

Operating result€25k-€1k▼ 95.4%€14k▲ 1,149%€-3k€3k

Net result€25k-€889▼ 96.4%€11k▲ 1,106%€-6k€2k

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €3k after a loss of €3k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €44k

98.5%

Fixed assets €664 ▼ 35.9%

Current assets €43k ▼ 33.5%

Equity and liabilities €44k

22.5%

77.5%

Equity €10k ▲ 29.7%

Debt €34k ▼ 41.8%

Debt's share of the balance-sheet total falls from 88.5% to 77.5%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€4k▲

2024 · €-2k

Cash flow

€3k▲

2024 · €-5k

Current ratio

1.27▼

2024 · 1.34

Debt to equity

3.44▼

2024 · 7.67

ROE

22.9%▲

2024 · -81.3%

ROA

5.2%▲

2024 · -9.4%

Interest coverage

3.55▲

2024 · -0.54

Debt ≤ 1 year

€34k▼

2024 · €49k

Staff costs

€44k▼

2024 · €46k

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 · 2025 against 2024 · 43 lines

Balance sheet Code20242025

Assets

Total assets20/58€66k€44k▼

Fixed assets21/28€1k€664▼

Tangible fixed assets22/27€1k€664▼

Plant, machinery and equipment23€1k€664▼

Current assets29/58€65k€43k▼

Amounts receivable within one year40/41€55k€7k▼

Trade receivables40€55k€7k▼

Cash at bank and in hand54/58€11k€36k▲

Deferred charges and accrued income490/1-€231

Equity and liabilities

Total equity and liabilities10/49€66k€44k▼

Equity10/15€8k€10k▲

Contributions10/11€20k€20k=

Capital10€20k€20k=

Issued capital100€20k€20k=

Profit (loss) carried forward14€-12k€-10k▲

Amounts payable17/49€59k€34k▼

Amounts payable after more than one year17€10k-

Financial debts170/4€10k-

Amounts payable within one year42/48€49k€34k▼

Current portion of amounts payable after more than one year42€17k€10k▼

Trade debts44€6k€4k▼

Suppliers440/4€6k€4k▼

Taxes, remuneration and social security45€14k€8k▼

Taxes450/3€9k€3k▼

Remuneration and social security454/9€5k€5k▲

Other amounts payable47/48€12k€12k=

Income statement Code20242025

Turnover70€69k€74k▲

Goods, raw materials, services and sundry goods60/61€17k€26k▲

Remuneration, social security and pensions62€46k€44k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€955€373▼

Other operating charges640/8€12k€467▼

Gross operating margin9900€56k€48k▼

Operating profit (loss)9901€-3k€3k▲

Financial income75/76B-€24

Recurring financial income75-€24

Financial charges65/66B€3k€1k▼

Recurring financial charges65€3k€1k▼

Profit (loss) for the period before taxes9903€-6k€2k▲

Income taxes67/77€383-

Profit (loss) for the period9904€-6k€2k▲

Profit (loss) for the period to be appropriated9905€-6k€2k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-12k€-10k▲

Profit (loss) brought forward from the previous period14P€-6k€-12k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 11Financial 2Gazette 1Filings 8

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-07

State Gazette act Resignation: VL RETAIL (non-statutory director)

Appointment: CEULEMANS Caren Jaak Nicole (non-statutory director) · Statutes amendment · Capital12 facts ▸

General meeting, 13 juli 2026
Statutes amendment
Capital, €20.000
Reserve release, statutair onbeschikbare eigen vermogensrekening opgeheven
Name change, ELMO STUDIOS
Director resignation, VL RETAIL (non-statutory director)
Director discharge, VL RETAIL
Director appointment, CEULEMANS Caren Jaak Nicole (non-statutory director)
Mandate compensation, CEULEMANS Caren Jaak Nicole
Registered-office move, 9100 Sint-Niklaas, Lindenstraat 90B
Shares issued, 20
Power of attorney, bestuurders

01-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Back to profitnet €2k

Net result €2k after one loss-making year.

08-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

18-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

11-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

11-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Back to profitnet €25k

Net result €25k after 3 loss-making years.

06-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

25-09

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 56 days late

2019

30-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 30 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 director, no change since 2026

CEULEMANS Caren Jaak Nicole

Non-statutory director · since 13-07-2026

Current

13-07-2026 CEULEMANS Caren Jaak Nicole: Appointed as Non-statutory director

13-07-2026 VL RETAIL: Resigned as Non-statutory director

Location & real-estate footprint

Registered office, Sint-Niklaas · 1 establishment unit since 2017

establishment The establishment unit on the map

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.

Lindenstraat 90B9100 Sint-Niklaas

Ground area

5,337 m²

Building footprint

1,790 m²

Volume, LiDAR

9,914 m³

2 parcels, Flanders · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Elmo Studios

Deinzestraat 14, 9810 Nazareth-De PinteAgents in non-specialised wholesale trade

since 20172.263.275.363

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44048B0211/00R002	Flanders	4,112 m²	1 · 1,145 m²	7.6 m · 1 fl.
46445D1472/00B002	Flanders	1,224 m²	1 · 645 m²	9.6 m · 3 fl.

Linked by address, not proof of ownership

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.

Articles of association

Purpose

1. Tussenpersoon in de handel, in de meest ruime zin. 2. Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot…

Full purpose

1. Tussenpersoon in de handel, in de meest ruime zin. 2. Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen... 3. het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen... 4. Het verwerpen en aanhouden van participaties... 5. Het verlenen van bijstand, advies en leiding aan bedrijven...

according to the deed of 31-07-2026

Structure & network

Capital and shareholders

Capital over the years

31-07-2026 Capital stated in the act · 20,000 EUR

Similar companies · same sector, comparable size

Bilzen-Hoeselt · Eq €9,900

SDM SOLUTIONS

BE 1006.288.589

Zaventem · Eq €9,884

CLOUDBERRY CONSULTING

BE 1030.752.187

Hoeilaart · Eq €9,869

Corcera

BE 1028.602.054

Ravels · Eq €9,994

Of 24,500 companies in sector 82990 we hold annual accounts for 9,404. 4,540 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

Founded28-03-2017

Fiscal year end31-12

Legal name NL FM RETAIL

Activities, NACEBEL 2025

82990Other business support services

64210Activities of holding companies

70200Business and other management consultancy

73300Public relations and communication consultancy

Sources

Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers

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