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 34 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ELUCID from Gingelom, company number BE0680694233, closed financial year 2025 with a result of € 61,329 after tax. For that financial year ELUCID recorded a gross margin of € 121,667 and equity of € 257,447. Compared with financial year 2024, the result moved from € 151,078 to € 61,329. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 257,447
▲ 31% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 61,329
▼ 59% vs 2024
Profit after tax over the fiscal year.
€ 43,013
▼ 66% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 238,847.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 853,877
▲ 185% vs 2024
€ 74,932 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 3,707
▼ 69% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,481
▼ 53% 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 | € 11,747 | € -7,608 | € 202,513 | € 121,667 | ▼ 40% |
| Profit after taxes | € 5,864 | € -10,973 | € 151,078 | € 61,329 | ▼ 59% |
| Equity | € 56,013 | € 45,039 | € 196,118 | € 257,447 | ▲ 31% |
| Total debts | € 46,683 | € 43,508 | € 390,205 | € 969,898 | ▲ 149% |
| Cash | € 59,160 | € 50,859 | € 127,974 | € 43,013 | ▼ 66% |
| Land & buildings | € 13,541 | € 11,724 | € 9,906 | € 748,232 | ▲ € 738,326 |
| Retained profit | € 37,413 | € 26,439 | € 177,518 | € 238,847 | ▲ 35% |
| Bank debt | € 8,538 | € 118 | € 300,000 | € 853,877 | ▲ 185% |
| Balance sheet total | € 102,696 | € 88,547 | € 586,323 | € 1,227,345 | ▲ 109% |
Key figures of ELUCID, 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 ELUCID?
What happened at ELUCID in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 61,329 (▼ 59% vs 2024). Source: NBB ↗
- New establishment in Gingelom. KBO
- Lieven Smeyers became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 5,864 profit in 2022 to € 61,329 profit in 2025.
Paid € 72,710 in corporate taxes since 2022.
Best year ever: 2024, with € 151,078 profit.
Management
Behind ELUCID is Lieven Smeyers. It owns 90% of Litobox itself.
Directors
According to the 2025 annual accounts
since 2017
Establishments
Establishment units
Physical locations of this company
Bloemenstraat 6
3890 Gingelom
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0680.694.233
- VAT number
- BE 0680.694.233
- Registered office
- Bloemenstraat 6, 3890 Gingelom
- Names & denominations
- ELUCID
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 September 2017
- Peppol
- Active · Active since 2 Sept 2025
- Activities · NACE
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