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 1 of the last 2 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2025; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2025
Elmaz Group from Sint-Niklaas, company number BE1004898224, closed financial year 2025 with a result of € -61,858 after tax. For that financial year Elmaz Group recorded a gross margin of € 45,364 and equity of € -56,677. Compared with financial year 2024, the result moved from € 2,681 to € -61,858. 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 June 24, 2026.
€ -56,677
▼ € 61,858 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -61,858
▼ still € 2,681 profit in 2024
Profit after tax over the fiscal year.
€ 1,621
▲ 172% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -59,177.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 44,235
▲ 46% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 57,424
▼ 40% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 32,704
▼ 28% vs 2024
€ 13,587 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 37,941
▲ € 30,057 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,078
▲ 28% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 79,704 | € 45,364 | ▼ 43% |
| Profit after taxes | € 2,681 | € -61,858 | ▼ € 64,539 |
| Equity | € 5,181 | € -56,677 | ▼ € 61,858 |
| Total debts | € 133,944 | € 145,618 | ▲ 9% |
| Cash | € 595 | € 1,621 | ▲ 172% |
| Retained profit | € 2,681 | € -59,177 | ▼ € 61,858 |
| Bank debt | € 45,680 | € 32,704 | ▼ 28% |
| Balance sheet total | € 139,125 | € 88,942 | ▼ 36% |
Key figures of Elmaz Group, 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 Elmaz Group?
What happened at Elmaz Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Elmaz Group is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2025: loss of € 61,858 (▼ € 64,539 vs 2024). Source: NBB ↗
- New establishment in Sint-Niklaas. KBO
- Zakaria El Majoudi became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 2,681 profit in 2024 to € 61,858 loss in 2025.
Paid € 2,323 in corporate taxes since 2024.
Best year ever: 2024, with € 2,681 profit.
A new publication or filing at Elmaz Group? We notify you, reason included.
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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 Elmaz Group is Zakaria El Majoudi.
Directors
According to the 2025 annual accounts
Zakaria El Majoudi
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Colmarstraat 5 box A201
9100 Sint-Niklaas
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1004.898.224
- VAT number
- BE 1004.898.224
- Registered office
- Colmarstraat 5 bus A201, 9100 Sint-Niklaas
- Names & denominations
- Elmaz Group
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 18 January 2024
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Personenvervoer over de weg zonder dienstregeling
Overig personenvervoer te land, n.e.g.
Overige sportactiviteiten, neg