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 3 fiscal years.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2024
ELIF PALACE from Nazareth-De Pinte, company number BE0780394989, closed financial year 2024 with a result of € 116,179 after tax. For that financial year ELIF PALACE recorded a gross margin of € 220,264 and equity of € -56,995. Compared with financial year 2023, the result moved from € -228,497 to € 116,179. Profitable, and profit is growing. 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 16, 2025.
€ -56,995
▲ € 116,179 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 116,179
▲ still € 228,497 loss in 2023
Profit after tax over the fiscal year.
€ 54,375
▲ 206% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -66,995.
People and assets in 2024
€ 105,158
▲ € 95,569 vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 895,745
▼ 8% vs 2023
€ 84,565 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 33,998
▲ 138% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 13,000
▼ 32% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Gross margin | € 63,307 | € 42,007 | € 220,264 | ▲ € 178,257 |
| Profit after taxes | € 45,323 | € -228,497 | € 116,179 | ▲ € 344,676 |
| Equity | € 55,323 | € -173,174 | € -56,995 | ▲ € 116,179 |
| Total debts | € 365,852 | € 1,701,316 | € 1,656,554 | ▼ 3% |
| Cash | € 279,256 | € 17,749 | € 54,375 | ▲ 206% |
| Land & buildings | - | € 1,268,195 | € 1,279,403 | ▲ 1% |
| Retained profit | € 45,323 | € -183,174 | € -66,995 | ▲ € 116,179 |
| Bank debt | € 0 | € 976,275 | € 895,745 | ▼ 8% |
| Balance sheet total | € 421,175 | € 1,528,141 | € 1,599,559 | ▲ 5% |
Key figures of ELIF PALACE, fiscal years 2022 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 ELIF PALACE?
What happened at ELIF PALACE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Corrected annual accounts filed for financial year 2024. filed late Source: NBB ↗
- New establishment in Nazareth-De Pinte. KBO
- Start of the company according to the CBE. KBO
- Mustafa Kizilkilinç became a director. NBB
- Emrah Kizilkilinç became a director. NBB
In short
From € 45,323 profit in 2022 to € 116,179 profit in 2024.
Paid € 10,641 in corporate taxes since 2022.
Best year ever: 2024, with € 116,179 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 ELIF PALACE are Mustafa Kizilkilinç and Emrah Kizilkilinç. Mustafa Kizilkilinç is also behind MELISA. Emrah Kizilkilinç is also behind DECORATIEWERKEN AS NEW.
Directors
According to the 2024 annual accounts
since 2021
since 2021
Establishments
Establishment units
Physical locations of this company
Nieuwe Steenweg 12
9810 Nazareth-De Pinte
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0780.394.989
- VAT number
- BE 0780.394.989
- Registered office
- Nieuwe Steenweg 12, 9810 Nazareth-De Pinte
- Names & denominations
- ELIF PALACE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 January 2022
- Peppol
- Active · Active since 30 Jan 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en lease van vaat- en glaswerk, keuken- en tafelgerei, elektrische huishoudapparaten en andere huishoudelijke benodigdheden