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 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ELQOO from Zulte, company number BE0589983494, closed financial year 2025 with a result of € 60,833 after tax. For that financial year ELQOO recorded a gross margin of € 84,704 and equity of € 15,533. Compared with financial year 2024, the result moved from € 36,757 to € 60,833. Profitable, and profit is growing. The buffer shrank hard: equity is 79 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 19, 2026.
€ 15,533
▼ 79% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 60,833
▲ 65% vs 2024
Profit after tax over the fiscal year.
€ 1,549
▼ 74% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 120,834 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 8,390
▲ 10% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 170
▲ € 165 vs 2024
Loans from banks and other lenders, long and short.
€ 2,315
▲ 47% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,725
▲ 22% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,793 | € 46,618 | € 50,050 | € 84,704 | ▲ 69% |
| Profit after taxes | € -2,375 | € 38,617 | € 36,757 | € 60,833 | ▲ 65% |
| Equity | € 160 | € 38,777 | € 75,534 | € 15,533 | ▼ 79% |
| Total debts | € 2,665 | € 13,154 | € 8,733 | € 129,435 | ▲ € 120,702 |
| Cash | € 129 | € 27,277 | € 6,021 | € 1,549 | ▼ 74% |
| Retained profit | € -6,040 | € 32,577 | € 69,334 | € 9,333 | ▼ 87% |
| Dividend | € 0 | € 0 | € 0 | € 120,834 | |
| Bank debt | € 9 | € 90 | € 5 | € 170 | ▲ € 165 |
| Balance sheet total | € 2,824 | € 51,931 | € 84,267 | € 144,968 | ▲ 72% |
Key figures of ELQOO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ELQOO?
What happened at ELQOO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 60,833 (▲ 65% vs 2024). Source: NBB ↗
- New establishment in Zulte. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,375 loss in 2022 to € 60,833 profit in 2025.
Paid € 31,169 in corporate taxes since 2022.
Best year ever: 2025, with € 60,833 profit.
Paid out € 120,834 in dividends to the owners in total.
Management
Behind ELQOO are Virginie Hayot and Stijn De Mulder.
Directors
According to the 2025 annual accounts
Virginie Hayot
bestuurder
Stijn De Mulder
bestuurder
Establishments
Establishment units
Physical locations of this company
Rijksweg 102
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
- 0589.983.494
- VAT number
- BE 0589.983.494
- Registered office
- Rijksweg 102, 9870 Zulte
- Names & denominations
- ELQOO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 January 2015
- Peppol
- Active · Active since 5 Oct 2025
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