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Andolectric

Active
Private limited companyfounded 2025active for 1 yearBeukenpark 10, 9930 Lievegem, BelgiumKBO/BCE: BE 1019.208.692
Summary

Andolectric has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,402 and a net result of €13,402. Its solvency ranks better than 39% of 34,747 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Financials · financial year 2025, micro format

Turnover
≈ €180,000
Estimated: probably between €110,000 and €370,000
Total assets
€47,012
Net result
€13,402
Working capital
-€3,436

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €47,012
Fixed assets €20,839
Current assets €26,174
Equity and liabilities €47,012
Equity €17,402
Debt €29,610
Debt finances 63.0% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€20,121
Cash flow
€17,058
Current ratio
0.88
Debt to equity
1.70
ROE
77.0%
ROA
28.5%
Interest coverage
over 100
Debt ≤ 1 year
€29,610
Income taxes
€3,267

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 11,279 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 39 lines
Balance sheet Code2025
Assets
Total assets20/58€47,012
Fixed assets21/28€20,839
Intangible fixed assets21€1,700
Tangible fixed assets22/27€19,139
Plant, machinery and equipment23€9,113
Furniture and vehicles24€10,026
Current assets29/58€26,174
Amounts receivable within one year40/41€13,949
Trade receivables40€13,643
Other amounts receivable41€306
Cash at bank and in hand54/58€10,088
Deferred charges and accrued income490/1€2,136
Equity and liabilities
Total equity and liabilities10/49€47,012
Equity10/15€17,402
Contributions10/11€4,000
Reserves13€13,402
Distributable reserves133€13,402
Amounts payable17/49€29,610
Amounts payable within one year42/48€29,610
Trade debts44€1,579
Suppliers440/4€1,579
Taxes, remuneration and social security45€3,267
Taxes450/3€3,267
Other amounts payable47/48€24,765
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,656
Other operating charges640/8€960
Gross operating margin9900€21,082
Operating profit (loss)9901€16,466
Financial income75/76B€291
Recurring financial income75€291
Financial charges65/66B€88
Recurring financial charges65€88
Profit (loss) for the period before taxes9903€16,669
Income taxes67/77€3,267
Profit (loss) for the period9904€13,402
Profit (loss) for the period to be appropriated9905€13,402
Appropriation of the result
Profit (loss) to be appropriated9906€13,402
Transfer to equity691/2€13,402
To other reserves6921€13,402

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,656
Other operating charges640/8€960
Gross operating margin9900€21,082
Operating profit (loss)9901€16,466
Financial income75/76B€291
Recurring financial income75€291
Financial charges65/66B€88
Recurring financial charges65€88
Profit (loss) for the period before taxes9903€16,669
Income taxes67/77€3,267
Profit (loss) for the period9904€13,402
Profit (loss) for the period to be appropriated9905€13,402
Line2025
Assets
Total assets20/58€47,012
Fixed assets21/28€20,839
Intangible fixed assets21€1,700
Tangible fixed assets22/27€19,139
Plant, machinery and equipment23€9,113
Furniture and vehicles24€10,026
Current assets29/58€26,174
Amounts receivable within one year40/41€13,949
Trade receivables40€13,643
Other amounts receivable41€306
Cash at bank and in hand54/58€10,088
Deferred charges and accrued income490/1€2,136
Equity and liabilities
Total equity and liabilities10/49€47,012
Equity10/15€17,402
Contributions10/11€4,000
Reserves13€13,402
Distributable reserves133€13,402
Amounts payable17/49€29,610
Amounts payable within one year42/48€29,610
Trade debts44€1,579
Suppliers440/4€1,579
Taxes, remuneration and social security45€3,267
Taxes450/3€3,267
Other amounts payable47/48€24,765
Line2025
Profit (loss) for the period9904€13,402
+ Depreciation and write-downs630€3,656
Operating cash flow (approximation)€17,058

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 01-06-2026 2026-00128599

Similar companies · same sector, comparable size

Of the 22,640 active companies whose main activity is general electrical installation work (NACE 43211), figures are known for 10,525. 7,090 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.