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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Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2021 and 2022.
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Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2022; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2022
ELCO PCB from Mouscron, company number BE0719407131, closed financial year 2022 with a result of € -1 million after tax. For that financial year ELCO PCB recorded a gross margin of € 56,982 and equity of € -2.1 million. Compared with financial year 2021, the result moved from € -393,928 to € -1 million. 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 22, 2023.
€ -2.1 million
▼ € 1 million vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1 million
▼ 158 % more loss than in 2021
Profit after tax over the fiscal year.
€ 87,488
▼ 17% vs 2021
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.2 million.
People and assets in 2022
20.7
▼ 2.6 vs 2021
Average over the fiscal year, from the social balance sheet.
€ 958,099
▼ 4% vs 2021
€ 46,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4,280
▼ 34% vs 2021
Book value of vehicles, furniture and equipment.
Debts at end 2022
€ 1.2 million
▲ 64% vs 2021
Loans from banks and other lenders, long and short.
€ 1.5 million
▲ 7% vs 2021
Supplier invoices still open on the last day of the fiscal year.
€ 278,993
▲ 77% vs 2021
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Gross margin | € 683,630 | € 56,982 | ▼ 92% |
| Profit after taxes | € -393,928 | € -1,015,758 | ▼ € 621,830 |
| Equity | € -1,128,356 | € -2,144,114 | ▼ € 1 million |
| Total debts | € 2,336,507 | € 3,082,926 | ▲ 32% |
| Cash | € 105,188 | € 87,488 | ▼ 17% |
| Retained profit | € -1,228,356 | € -2,244,114 | ▼ € 1 million |
| Bank debt | € 726,394 | € 1,192,578 | ▲ 64% |
| Balance sheet total | € 1,208,151 | € 938,812 | ▼ 22% |
| Employees (FTE) | 23.3 | 20.7 | ▼ 2.6 |
Key figures of ELCO PCB, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to ELCO PCB?
What happened at ELCO PCB in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
ELCO PCB is active according to the CBE. Legal situation: Opening faillissement.
- Lorenzo Mearelli stepped down as director. NBB
- Razvan Ene stepped down as director. NBB
- New annual accounts for financial year 2022: loss of € 1 million. filed late Source: NBB ↗
- Razvan Ene became a director. NBB
- New establishment in Mouscron. KBO
- Lorenzo Mearelli became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 393,928 loss in 2021 to € 1 million loss in 2022.
Paid € 2,897 in corporate taxes since 2021.
On average € 2,800 of value added per employee in 2022.
Management
Directors
According to the 2022 annual accounts
Lorenzo Mearelli
Director
since 2019 · until 2026
Razvan Ene
Director
since 2022 · until 2026
Establishments
Establishment units
Physical locations of this company
Blauwfazantjesstraat 5
7700 Mouscron
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
- 0719.407.131
- VAT number
- BE 0719.407.131
- Registered office
- Blauwfazantjesstraat 5, 7700 Mouscron
- Names & denominations
- ELCO PCB
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 25 January 2019
- Peppol
- Not registered
- Activities · NACE
Vervaardiging van elektronische onderdelen
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