Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
ELM CARS from Sint-Katelijne-Waver, company number BE0649894852, closed financial year 2025 with a result of € -36,692 after tax. For that financial year ELM CARS recorded a gross margin of € -15,892 and equity of € -108,116. Compared with financial year 2024, the result moved from € -63,546 to € -36,692. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 30, 2026.
€ -108,116
▼ € 36,692 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -36,692
▲ 42 % less loss than in 2024
Profit after tax over the fiscal year.
€ 15,531
▼ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -126,716.
People and assets in 2025
€ 1,743
▼ 69% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 118,001
Loans from banks and other lenders, long and short.
€ 23,461
▼ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,965
▲ 22% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -4,967 | € 25,491 | € -45,589 | € -15,892 | ▲ € 29,697 |
| Profit after taxes | € -21,633 | € 8,639 | € -63,546 | € -36,692 | ▲ € 26,854 |
| Equity | € -16,515 | € -7,878 | € -71,424 | € -108,116 | ▼ € 36,692 |
| Total debts | € 139,789 | € 122,986 | € 154,988 | € 152,666 | ▼ 1% |
| Cash | € 15,828 | € 47,682 | € 20,737 | € 15,531 | ▼ 25% |
| Retained profit | € -35,115 | € -26,478 | € -90,024 | € -126,716 | ▼ € 36,692 |
| Bank debt | € 0 | € 0 | € 118,002 | € 118,001 | |
| Balance sheet total | € 123,274 | € 115,108 | € 83,564 | € 44,550 | ▼ 47% |
Key figures of ELM CARS, 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 ELM CARS?
What happened at ELM CARS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 36,692. filed late Source: NBB ↗
- Stiv Aziz became a director. NBB
- Gabriel Jabro became a director. NBB
- New establishment in Sint-Katelijne-Waver. KBO
- Start of the company according to the CBE. KBO
In short
From € 21,633 loss in 2022 to € 36,692 loss in 2025.
Paid € 117 in corporate taxes since 2022.
Best year ever: 2023, with € 8,639 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind ELM CARS are Stiv Aziz and Gabriel Jabro.
Directors
According to the 2025 annual accounts
Stiv Aziz
Director
since 2021
Gabriel Jabro
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Liersesteenweg 175
2860 Sint-Katelijne-Waver
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0649.894.852
- VAT number
- BE 0649.894.852
- Registered office
- Liersesteenweg 175, 2860 Sint-Katelijne-Waver
- Names & denominations
- ELM CARS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 March 2016
- Peppol
- Active · Active since 1 Aug 2025
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)