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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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2024; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
ELVESA from Zulte, company number BE0445873267, closed financial year 2024 with a result of € -9,525 after tax. For that financial year ELVESA recorded a gross margin of € 8,451 and equity of € 1,267. Compared with financial year 2023, the result moved from € -21,920 to € -9,525. The company made a loss. The buffer shrank hard: equity is 88 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 24, 2025.
€ 1,267
▼ 88% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,525
▲ 57 % less loss than in 2023
Profit after tax over the fiscal year.
€ 1,245
▼ 22% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -60,706.
People and assets in 2024
€ 201,757
▼ 5% vs 2023
Of which on lease € 198,931.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 9,377
▼ 12% vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -9,840 | € -892 | € -502 | € 8,451 | ▲ € 8,953 |
| Profit after taxes | € -41,082 | € -13,583 | € -21,920 | € -9,525 | ▲ € 12,395 |
| Equity | € 46,295 | € 32,712 | € 10,792 | € 1,267 | ▼ 88% |
| Total debts | € 180,357 | € 184,659 | € 202,814 | € 201,735 | ▼ 1% |
| Cash | € 1,631 | € 739 | € 1,598 | € 1,245 | ▼ 22% |
| Retained profit | € -15,678 | € -29,261 | € -51,181 | € -60,706 | ▼ € 9,525 |
| Balance sheet total | € 226,652 | € 217,371 | € 213,606 | € 203,002 | ▼ 5% |
Key figures of ELVESA, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to ELVESA?
What happened at ELVESA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 9,525. filed late Source: NBB ↗
- New establishment in Zulte. KBO
- Start of the company according to the CBE. KBO
In short
From € 41,082 loss in 2021 to € 9,525 loss in 2024.
Establishments
Establishment units
Physical locations of this company
Kapellestraat 112
9870 Zulte
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0445.873.267
- VAT number
- BE 0445.873.267
- Registered office
- Kapellestraat 112, 9870 Zulte
- Names & denominations
- ELVESA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 November 1991
- Peppol
- Not registered
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en exploitatie van terreinen
Verhuur van terreinen