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 38 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Elno Invest from Gent, company number BE1001360890, closed financial year 2025 with a result of € 46,059 after tax. For that financial year Elno Invest recorded a gross margin of € 84,362 and equity of € 86,890. Compared with financial year 2024, the result moved from € 35,831 to € 46,059. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 86,890
▲ 113% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 46,059
▲ 29% vs 2024
Profit after tax over the fiscal year.
€ 180,864
▲ € 159,209 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 € 81,890.
People and assets in 2025
€ 20,931
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 267,500
▲ 69% vs 2024
Loans from banks and other lenders, long and short.
€ 3,641
▼ 71% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 39,327
▲ 269% vs 2024
Taxes, VAT and social contributions still to pay.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 53,554 | € 84,362 | ▲ 58% |
| Profit after taxes | € 35,831 | € 46,059 | ▲ 29% |
| Equity | € 40,831 | € 86,890 | ▲ 113% |
| Total debts | € 521,471 | € 488,693 | ▼ 6% |
| Cash | € 21,656 | € 180,864 | ▲ € 159,209 |
| Retained profit | € 35,831 | € 81,890 | ▲ 129% |
| Bank debt | € 158,500 | € 267,500 | ▲ 69% |
| Balance sheet total | € 562,302 | € 575,583 | ▲ 2% |
Key figures of Elno Invest, fiscal years 2024 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 Elno Invest?
What happened at Elno Invest in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 46,059 (▲ 29% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Michaël Baes became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 35,831 profit in 2024 to € 46,059 profit in 2025.
Paid € 21,692 in corporate taxes since 2024.
Best year ever: 2025, with € 46,059 profit.
Management
Behind Elno Invest is Michaël Baes.
Directors
According to the 2025 annual accounts
Michaël Baes
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Pieter Cieterslaan 19
9032 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1001.360.890
- VAT number
- BE 1001.360.890
- Registered office
- Pieter Cieterslaan 19, 9032 Gent
- Names & denominations
- Elno Invest
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 October 2023
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
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