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.
-
Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
ELLAN INVEST from Neupré, company number BE0711969904, closed financial year 2024 with a result of € -34,898 after tax. For that financial year ELLAN INVEST recorded a gross margin of € -7,473 and equity of € -56,972. Compared with financial year 2023, the result moved from € 7,368 to € -34,898. 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 November 30, 2025.
€ -56,972
▼ € 34,898 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -34,898
▼ still € 7,368 profit in 2023
Profit after tax over the fiscal year.
€ 1,987
▼ 9% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -58,832.
People and assets in 2024
€ 5,434
▲ 199% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 34,046
▼ 25% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 96,022
▼ 14% vs 2023
€ 17,391 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 130
▼ € 132,890 vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 12,965
▲ € 9,793 vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 24,150 | € 12,223 | € 39,101 | € -7,473 | ▼ € 46,575 |
| Profit after taxes | € 1,890 | € -14,894 | € 7,368 | € -34,898 | ▼ € 42,266 |
| Equity | € -14,550 | € -29,443 | € -22,075 | € -56,972 | ▼ € 34,898 |
| Total debts | € 304,161 | € 660,376 | € 305,317 | € 197,479 | ▼ 35% |
| Cash | € 2,650 | € 2,689 | € 2,173 | € 1,987 | ▼ 9% |
| Land & buildings | € 81,678 | € 76,923 | € 72,168 | € 67,412 | ▼ 7% |
| Retained profit | € -16,410 | € -31,303 | € -23,935 | € -58,832 | ▼ € 34,898 |
| Bank debt | € 114,282 | € 333,087 | € 112,241 | € 96,022 | ▼ 14% |
| Balance sheet total | € 289,611 | € 630,933 | € 283,243 | € 140,507 | ▼ 50% |
Key figures of ELLAN INVEST, 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 ELLAN INVEST?
What happened at ELLAN INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 34,898 (▼ € 42,266 vs 2023). filed late Source: NBB ↗
- New establishment in Neupré. KBO
- NANCY WITVROUW became a director. NBB
- STEPHEN BIRTLES became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 1,890 profit in 2021 to € 34,898 loss in 2024.
Paid € 821 in corporate taxes since 2021.
Best year ever: 2023, with € 7,368 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 ELLAN INVEST are NANCY WITVROUW and STEPHEN BIRTLES. STEPHEN BIRTLES is also behind BCPROJECT, BMC IMMO, STIMMOB, BIMA INVEST and COSY IMMOBILIER.
Directors
According to the 2024 annual accounts
NANCY WITVROUW
Director
since 2018
since 2018
Establishments
Establishment units
Physical locations of this company
Avenue du Bois Impérial Rognac(N) 54
4121 Neupré
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0711.969.904
- VAT number
- BE 0711.969.904
- Registered office
- Avenue du Bois Impérial Rognac(N) 54, 4121 Neupré
- Names & denominations
- ELLAN INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 October 2018
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
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