Immo Van Elsacker
ActiveSummary
Immo Van Elsacker has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €239,935 and a net result of €39,738. Equity is growing by ~29.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73=
Solvency48▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.01 in 2024; short-term debt: 77.5% and cash: 0.6% of total assets), and 77.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.5%
Return on assets
3.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
41 d early
2023
42 d early
2022
40 d early
2021
36 d early
2020
45 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 41 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 (2)
neutral · 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€239,935▲ 19.8%
2024 · €200,197
Total assets
€1.1m▼ 4.1%
2024 · €1.1m
Net result
€39,738▲ 15.1%
2024 · €34,529
Working capital
-€817,715▲ 8.9%
2024 · -€898,007
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
Line20212022202320242025
Operating result€36,030▲ 10.4%€37,622▲ 4.4%€39,010▲ 3.7%€46,054▲ 18.1%€53,029▲ 15.1%
Net result€35,985▲ 10.4%€37,577▲ 4.4%€29,830▼ 20.6%€34,529▲ 15.8%€39,738▲ 15.1%
Equity€98,261▲ 57.8%€135,838▲ 38.2%€165,668▲ 22.0%€200,197▲ 20.8%€239,935▲ 19.8%
Total assets€1.2m▼ 3.2%€1.2m▼ 3.3%€1.1m▼ 2.9%€1.1m▼ 3.1%€1.1m▼ 4.1%
Debt€1.1m▼ 6.4%€1.0m▼ 6.9%€980,456▼ 6.1%€910,440▼ 7.1%€825,624▼ 9.3%
Working capital-€1.1m▲ 6.4%-€1.0m▲ 6.8%-€973,090▲ 6.5%-€898,007▲ 7.7%-€817,715▲ 8.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 15% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€1.1m ▼ 3.7%
Current assets
€7,909 ▼ 36.4%
Equity and liabilities €1.1m
Equity
€239,935 ▲ 19.8%
Debt
€825,624 ▼ 9.3%
Debt's share of the balance-sheet total falls from 82.0% to 77.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€93,583▲
2024 · €86,608
Cash flow
€80,292▲
2024 · €75,083
Current ratio
0.01▼
2024 · 0.01
Debt to equity
3.44▼
2024 · 4.55
ROE
16.6%▼
2024 · 17.2%
ROA
3.7%▲
2024 · 3.1%
Interest coverage
2079.63▼
2024 · 5773.84
Debt ≤ 1 year
€825,624▼
2024 · €910,440
Income taxes
€13,246▲
2024 · €11,510
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,653 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,653 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,393 | €40,393 | €40,701 | €40,554 | €40,554 | = |
| Other operating charges640/8 | €5,687 | €5,824 | €6,372 | €6,633 | €6,840 | ▲ 3.1% |
| Gross operating margin9900 | €82,110 | €83,839 | €86,083 | €93,241 | €100,423 | ▲ 7.7% |
| Operating profit (loss)9901 | €36,030 | €37,622 | €39,010 | €46,054 | €53,029 | ▲ 15.1% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | €45 | €45 | €75 | €15 | €45 | ▲ 200% |
| Recurring financial charges65 | €45 | €45 | €75 | €15 | €45 | ▲ 200% |
| Profit (loss) for the period before taxes9903 | €35,985 | €37,577 | €38,935 | €46,039 | €52,984 | ▲ 15.1% |
| Income taxes67/77 | - | - | €9,105 | €11,510 | €13,246 | ▲ 15.1% |
| Profit (loss) for the period9904 | €35,985 | €37,577 | €29,830 | €34,529 | €39,738 | ▲ 15.1% |
| Profit (loss) for the period to be appropriated9905 | €35,985 | €37,577 | €29,830 | €34,529 | €39,738 | ▲ 15.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 4.1% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 3.7% |
| Tangible fixed assets22/27 | €1.2m | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 3.7% |
| Land and buildings22 | €1.2m | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 3.6% |
| Furniture and vehicles24 | €1,382 | €663 | €2,275 | €1,395 | €516 | ▼ 63.0% |
| Current assets29/58 | €2,868 | €3,398 | €7,366 | €12,433 | €7,909 | ▼ 36.4% |
| Amounts receivable within one year40/41 | - | - | €5,595 | €5,595 | - | - |
| Other amounts receivable41 | - | - | €5,595 | €5,595 | - | - |
| Cash at bank and in hand54/58 | €2,868 | €2,858 | €1,201 | €6,838 | €6,893 | ▲ 0.8% |
| Deferred charges and accrued income490/1 | - | €540 | €570 | - | €1,016 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 4.1% |
| Equity10/15 | €98,261 | €135,838 | €165,668 | €200,197 | €239,935 | ▲ 19.8% |
| Contributions10/11 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Capital10 | €30,987 | - | - | - | - | - |
| Issued capital100 | €30,987 | - | - | - | - | - |
| Outside capital11 | - | €30,987 | - | - | - | - |
| Other1109/19 | - | €30,987 | - | - | - | - |
| Reserves13 | €67,274 | €104,851 | €134,681 | €169,210 | €208,948 | ▲ 23.5% |
| Non-distributable reserves130/1 | €31,813 | €31,813 | €31,813 | - | - | - |
| Legal reserve130 | €30,099 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,715 | €31,813 | €31,813 | - | - | - |
| Distributable reserves133 | €35,461 | €73,038 | €102,868 | €169,210 | €208,948 | ▲ 23.5% |
| Amounts payable17/49 | €1.1m | €1.0m | €980,456 | €910,440 | €825,624 | ▼ 9.3% |
| Amounts payable within one year42/48 | €1.1m | €1.0m | €980,456 | €910,440 | €825,624 | ▼ 9.3% |
| Trade debts44 | €155 | €229 | €893 | €227 | €177 | ▼ 22.0% |
| Suppliers440/4 | €155 | €229 | €893 | €227 | €177 | ▼ 22.0% |
| Taxes, remuneration and social security45 | - | - | - | €10 | €756 | ▲ 7,692% |
| Taxes450/3 | - | - | - | €10 | €756 | ▲ 7,692% |
| Other amounts payable47/48 | €1.1m | €1.0m | €979,564 | €910,203 | €824,691 | ▼ 9.4% |
| Accrued charges and deferred income492/3 | €2,592 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,985 | €37,577 | €29,830 | €34,529 | €39,738 | ▲ 15.1% |
| + Depreciation and write-downs630 | €40,393 | €40,393 | €40,701 | €40,554 | €40,554 | = |
| Operating cash flow (approximation) | €76,378 | €77,970 | €70,531 | €75,083 | €80,292 | ▲ 6.9% |
| Investment in fixed assets (approximation) | - | €0 | -€2,638 | €0 | €0 | - |
| Change in cash | - | -€9 | -€1,657 | €5,636 | €56 | ▼ 99.0% |
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
Next filing, fiscal year 2026, expected by
2026
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €39,738 ▲15.1%
Operating result €53,029, net result €39,738, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200,000Eq €200,197 ▲20.8%
7 profitable years in a row build equity to €200,197.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €29,830 ▼20.6%
Net result drops to €29,830, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150,000Eq €165,668 ▲22%
6 profitable years in a row build equity to €165,668.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100,000Eq €135,838 ▲38.2%
5 profitable years in a row build equity to €135,838.
25-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Schoten · 1 establishment unit since 1980
Ground area
4,035 m²
Building footprint
195 m²
Volume, LiDAR
874 m³
Parcel 11040A0111/00F010, Flanders · tallest building 7.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Immo Van Elsacker
since 19802.017.435.296
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040A0111/00F010 | Flanders | 4,035 m² | 1 · 195 m² | 7.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded13-12-1979
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0420086115
Also
9925:BE0420086115
Registered
25-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.