E & L CONSTRUCT
ActiveSummary
E & L CONSTRUCT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,794 and a net result of -€621. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 71% of 794 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▲+8
Solvency97▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
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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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
71.9%
Return on assets
-7.7%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
3 d early
2023
2 d early
2022
3 d early
2021
5 d early
2020
1 d early
2020
33 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed 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. Usually files around 28 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€5,794▼ 9.7%
2024 · €6,414
Total assets
€8,054▼ 6.9%
2024 · €8,654
Net result
-€621▲ 34.0%
2024 · -€940
Working capital
€5,794▼ 9.7%
2024 · €6,414
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€4,649-€2,010€1,002-€882-€527▲ 40.2%
Net result€4,583within the sector's middle half-€2,079below the sector's middle half€933within the sector's middle half-€940within the sector's middle half-€621within the sector's middle half▲ 34.0%
Equity€8,500below the sector's middle half▲ 117%€6,422below the sector's middle half▼ 24.5%€7,355below the sector's middle half▲ 14.5%€6,414below the sector's middle half▼ 12.8%€5,794below the sector's middle half▼ 9.7%
Total assets€9,920below the sector's middle half▲ 46.7%€9,379below the sector's middle half▼ 5.4%€9,253below the sector's middle half▼ 1.3%€8,654below the sector's middle half▼ 6.5%€8,054below the sector's middle half▼ 6.9%
Debt€1,420▼ 50.1%€2,958▲ 108%€1,899▼ 35.8%€2,240▲ 18.0%€2,260▲ 0.9%
Working capital€8,500within the sector's middle half▲ 117%€6,422below the sector's middle half▼ 24.5%€7,355below the sector's middle half▲ 14.5%€6,414within the sector's middle half▼ 12.8%€5,794within the sector's middle half▼ 9.7%
Solvency85.7%above the sector's middle half▲ 27.8pp68.5%within the sector's middle half▼ 17.2pp79.5%above the sector's middle half▲ 11.0pp74.1%within the sector's middle half▼ 5.4pp71.9%within the sector's middle half▼ 2.2pp
Current ratio6.99above the sector's middle half▲ 4.613.17within the sector's middle half▼ 3.824.87above the sector's middle half▲ 1.703.86within the sector's middle half▼ 1.013.56within the sector's middle half▼ 0.30
Return on assets (ROA)46.2%above the sector's middle half▲ 77.5pp-22.2%below the sector's middle half▼ 68.4pp10.1%within the sector's middle half▲ 32.2pp-10.9%below the sector's middle half▼ 20.9pp-7.7%below the sector's middle half▲ 3.2pp
above
within
below
the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €527 in 2025 against €882 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €8,054
Equity
€5,794 ▼ 9.7%
Debt
€2,260 ▲ 0.9%
Debt's share of the balance-sheet total rises from 25.9% to 28.1%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
0.39▲
2024 · 0.35
ROE
-10.7%▲
2024 · -14.7%
Debt ≤ 1 year
€2,260▲
2024 · €2,240
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 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% | 1.7% |
| 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 75% 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 12,321 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €472 | €415 | €819 | €462 | ▼ 43.6% |
| Gross operating margin9900 | €4,649 | -€1,538 | €1,417 | -€64 | -€66 | ▼ 3.0% |
| Operating profit (loss)9901 | €4,649 | -€2,010 | €1,002 | -€882 | -€527 | ▲ 40.2% |
| Financial charges65/66B | €67 | €69 | €69 | €58 | €93 | ▲ 61.2% |
| Recurring financial charges65 | €67 | €69 | €69 | €58 | €93 | ▲ 61.2% |
| Profit (loss) for the period before taxes9903 | €4,583 | -€2,079 | €933 | -€940 | -€621 | ▲ 34.0% |
| Profit (loss) for the period9904 | €4,583 | -€2,079 | €933 | -€940 | -€621 | ▲ 34.0% |
| Profit (loss) for the period to be appropriated9905 | €4,583 | -€2,079 | €933 | -€940 | -€621 | ▲ 34.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9,920 | €9,379 | €9,253 | €8,654 | €8,054 | ▼ 6.9% |
| Current assets29/58 | €9,920 | €9,379 | €9,253 | €8,654 | €8,054 | ▼ 6.9% |
| Cash at bank and in hand54/58 | €9,920 | €9,379 | €9,253 | €8,654 | €8,054 | ▼ 6.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9,920 | €9,379 | €9,253 | €8,654 | €8,054 | ▼ 6.9% |
| Equity10/15 | €8,500 | €6,422 | €7,355 | €6,414 | €5,794 | ▼ 9.7% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€11,500 | -€13,578 | -€12,645 | -€13,586 | -€14,206 | ▼ 4.6% |
| Amounts payable17/49 | €1,420 | €2,958 | €1,899 | €2,240 | €2,260 | ▲ 0.9% |
| Amounts payable within one year42/48 | €1,420 | €2,958 | €1,899 | €2,240 | €2,260 | ▲ 0.9% |
| Trade debts44 | €1,420 | €2,846 | €1,780 | €1,752 | €1,773 | ▲ 1.2% |
| Suppliers440/4 | €1,420 | €2,846 | €1,780 | €1,752 | €1,773 | ▲ 1.2% |
| Other amounts payable47/48 | - | €112 | €119 | €488 | €488 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,583 | -€2,079 | €933 | -€940 | -€621 | ▲ 34.0% |
| Operating cash flow (approximation) | €4,583 | -€2,079 | €933 | -€940 | -€621 | ▲ 34.0% |
| Change in cash | - | -€541 | -€126 | -€599 | -€600 | ▼ 0.2% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €933
Net result €933 after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €4,583
Net result €4,583 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 6.99
Current ratio from 2.38 to 6.99; short-term debt falls from €2,846 to €1,420.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€2,119
Net result drops to -€2,119, the lowest in the series; recovery starts the following year.
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Back to profitnet €1,590
Net result €1,590 after one loss-making year.
Show earlier events
13-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 42 days late
2019
06-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
06-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Bilzen-Hoeselt · 1 establishment unit since 2009
Ground area
5,168 m²
Building footprint
1,721 m²
Parcel 73032K0578/00F000, Flanders. Linked by address, not a title deed.
45
companies at this address
See who is registered here
1 establishment unit
E & L Construct
since 20092.176.944.076
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73032K0578/00F000 | Flanders | 5,168 m² | 1 · 1,721 m² | - |
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.
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Of 1,014 companies in sector 78200 we hold annual accounts for 645. 189 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-07-2005
Fiscal year end31-12
Legal name NL
PAXXON
Activities, NACEBEL 2025
78200Temporary employment agencies and other provision of personnel
Contact
E-mail
luc.jeurissen@mvt.beBilzen-Hoeselt
Phone
0495/577110Bilzen-Hoeselt
E-invoicing
Reachable via Peppol
Peppol ID
0208:0874869427
Registered
04-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.