Vastgoed Elien
ActiveSummary
The computed 12-month bankruptcy probability of Vastgoed Elien is 1.8% (moderate). The 2024 annual accounts show equity of €72k and a net result of €89k. Its solvency ranks better than 35% of 15869 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability99▲+80
Solvency44▲+29
Growth78
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity short (current ratio 0.66 against 0.12 in 2023; short-term debt: 38.6% and cash: 23.9% of total assets), and 80.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
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 15-09-2025, 46 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
46 d late
2023
26 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€72k
2023 · €-25k
2023: €-25k
2023 → 2024
Total assets
€373k▲ 51.0%
2023 · €247k
2023: €247k
2023 → 2024
Net result
€89k
2023 · €-30k
2023: €-30k
2023 → 2024
Working capital
€-49k▲ 53.0%
2023 · €-104k
2023: €-104k
2023 → 2024
Multi-year overview
Available amounts per fiscal year
Line20232024Trend
Equity€-25k-€72k
Operating result€-23k-€122k
Net result€-30k-€89k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €122k after a loss of €23k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €373k
Fixed assets
€278k ▲ 19.2%
Current assets
€95k ▲ 588%
Equity and liabilities €373k
Equity
€72k
Debt
€300k
Debt finances 80.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€133k▲
2023 · €12k
Cash flow
€100k▲
2023 · €5k
Current ratio
0.66▲
2023 · 0.12
Debt to equity
4.15▲
2023 · -10.92
ROE
123.3%
ROA
24.0%▲
2023 · -12.1%
Interest coverage
20.22▲
2023 · 1.79
Debt ≤ 1 year
€144k▲
2023 · €118k
Debt > 1 year
€156k▲
2023 · €154k
Income taxes
€26k▲
2023 · €355
Staff costs
€2k
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 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€247k€373k▲
Fixed assets21/28€233k€278k▲
Intangible fixed assets21€6k€3k▼
Tangible fixed assets22/27€227k€275k▲
Land and buildings22€227k€234k▲
Plant, machinery and equipment23-€5k
Furniture and vehicles24-€34k
Other tangible fixed assets26-€2k
Current assets29/58€14k€95k▲
Amounts receivable within one year40/41€1k€5k▲
Trade receivables40€1k€5k▲
Cash at bank and in hand54/58€13k€89k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€247k€373k▲
Equity10/15€-25k€72k▲
Contributions10/11€5k€5k=
Reserves13-€67k
Distributable reserves133-€67k
Profit (loss) carried forward14€-30k-
Amounts payable17/49€272k€300k▲
Amounts payable after more than one year17€154k€156k▲
Financial debts170/4€154k€156k▲
Amounts payable within one year42/48€118k€144k▲
Current portion of amounts payable after more than one year42€16k€21k▲
Trade debts44€9k€6k▼
Suppliers440/4€9k€6k▼
Taxes, remuneration and social security45€3k€33k▲
Taxes450/3€3k€33k▲
Remuneration and social security454/9-€72
Other amounts payable47/48€91k€83k▼
Accrued charges and deferred income492/3€113€34▼
Income statement
Code20232024
Remuneration, social security and pensions62-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€11k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€13k€137k▲
Operating profit (loss)9901€-23k€122k▲
Financial income75/76B€28€69▲
Recurring financial income75€28€69▲
Financial charges65/66B€7k€7k▼
Recurring financial charges65€7k€7k▼
Profit (loss) for the period before taxes9903€-30k€115k▲
Income taxes67/77€355€26k▲
Profit (loss) for the period9904€-30k€89k▲
Profit (loss) for the period to be appropriated9905€-30k€89k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-30k€67k▲
Profit (loss) brought forward from the previous period14P-€-22k
Transfer to equity691/2-€67k
To other reserves6921-€67k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 46 days late
2024
31-12
Financial
Back to profitnet €89k
Net result €89k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Tielt · 1 establishment unit since 2022
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.
Wingensesteenweg 528700 TieltGround area
1,079 m²
Building footprint
195 m²
Volume, LiDAR
1,347 m³
Parcel 37015A0881/00N002, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Wingensesteenweg 52, 8700 Tielt
since 20222.338.887.160
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37015A0881/00N002 | Flanders | 1,079 m² | 1 · 195 m² | 11.0 m · 2 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.
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Of 4,420 companies in sector 46180 we hold annual accounts for 1,886. 1,403 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
Founded08-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.