Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2023; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 48.7 to 24.1.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
ELBEKO from Zele, company number BE0415360334, closed financial year 2023 with a result of € -237,957 after tax. For that financial year ELBEKO recorded revenue of € 10.7 million and equity of € 1.8 million. Compared with financial year 2022, the result moved from € 38,859 to € -237,957. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2024.
€ 1.8 million
▲ 25% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -237,957
▼ still € 38,859 profit in 2022
Profit after tax over the fiscal year.
€ 231,843
▼ 7% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 570,988.
People and assets in 2023
24.1
▼ 11.5 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 1.7 million
▼ 20% vs 2022
€ 71,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 879,715
▼ 12% vs 2022
Of which on lease € 852,043.
Debts at end 2023
€ 2.8 million
▲ 8% vs 2022
€ 428,296 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.8 million
▼ 21% vs 2022
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 69 days on average.
€ 305,721
▲ 2% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Revenue | € 14,386,639 | € 14,813,089 | € 10,706,409 | ▼ 28% |
| Profit after taxes | € -356,061 | € 38,859 | € -237,957 | ▼ € 276,816 |
| Equity | € 1,405,400 | € 1,444,259 | € 1,806,303 | ▲ 25% |
| Total debts | € 4,505,952 | € 5,362,576 | € 4,959,405 | ▼ 8% |
| Cash | € 115,710 | € 248,123 | € 231,843 | ▼ 7% |
| Retained profit | € 770,086 | € 808,945 | € 570,988 | ▼ 29% |
| Bank debt | € 2,262,930 | € 2,599,059 | € 2,818,827 | ▲ 8% |
| Balance sheet total | € 5,911,352 | € 6,806,835 | € 6,765,708 | ▼ 1% |
| Employees (FTE) | 48.7 | 35.6 | 24.1 | ▼ 11.5 |
Key figures of ELBEKO, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to ELBEKO?
What happened at ELBEKO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
ELBEKO is active according to the CBE. Legal situation: Opening faillissement.
- Bert Schauwvlieghe stepped down as director. NBB
- Paul Schauwvlieghe stepped down as director. NBB
- Tim Schauwvlieghe stepped down as director. NBB
- New annual accounts for financial year 2023: loss of € 237,957 (▼ € 276,816 vs 2022). filed late Source: NBB ↗
- Bert Schauwvlieghe became a director. NBB
- Paul Schauwvlieghe became a director. NBB
- Tim Schauwvlieghe became a director. NBB
- New establishment in Zele. KBO
In short
From € 356,061 loss in 2021 to € 237,957 loss in 2023.
Paid € 15,981 in corporate taxes since 2021.
Best year ever: 2022, with € 38,859 profit.
Pays suppliers within 69 days on average.
Management
Directors
According to the 2023 annual accounts
since 2021 · until 2027
since 2021 · until 2027
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Lindestraat 13
9240 Zele
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0415.360.334
- VAT number
- BE 0415.360.334
- Registered office
- Lindestraat 13, 9240 Zele
- Names & denominations
- ELBEKO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 1 September 1975
- Peppol
- Not registered
- Activities · NACE
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