ANELEC
ActiveSummary
ANELEC has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €304,342 and a net result of €80,481. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 65% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+2
Solvency86▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 2.66 against 1.92 in 2024; short-term debt: 28.3% and cash: 6.9% of total assets), and 39.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60.6%
Return on assets
16%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
15 d early
2023
62 d early
2022
50 d late
2021
31 d late
2020
53 d early
2019
59 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€304,342▲ 30.2%
2024 · €233,802
Total assets
€502,469▲ 10.7%
2024 · €453,912
Net result
€80,481▲ 19.9%
2024 · €67,121
Working capital
€235,689▲ 54.7%
2024 · €152,364
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€48,890▲ 174%€96,653▲ 97.7%€74,166▼ 23.3%€95,799▲ 29.2%€115,566▲ 20.6%
Net result€35,018▲ 252%€67,585▲ 93.0%€48,581▼ 28.1%€67,121▲ 38.2%€80,481▲ 19.9%
Equity€172,243▼ 4.9%€222,978▲ 29.5%€232,947▲ 4.5%€233,802▲ 0.4%€304,342▲ 30.2%
Total assets€322,920▲ 18.3%€404,972▲ 25.4%€397,660▼ 1.8%€453,912▲ 14.1%€502,469▲ 10.7%
Debt€150,677▲ 63.9%€181,995▲ 20.8%€164,712▼ 9.5%€220,110▲ 33.6%€198,127▼ 10.0%
Working capital€25,182▼ 74.5%€85,330▲ 239%€130,688▲ 53.2%€152,364▲ 16.6%€235,689▲ 54.7%
Staff (FTE)1▲ 900%0.8▼ 20.0%0▼ 100%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 21% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €502,469
Fixed assets
€124,519 ▼ 8.4%
Current assets
€377,950 ▲ 18.9%
Equity and liabilities €502,469
Equity
€304,342 ▲ 30.2%
Debt
€198,127 ▼ 10.0%
Debt's share of the balance-sheet total falls from 48.5% to 39.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€141,784▲
2024 · €119,527
Cash flow
€106,699▲
2024 · €90,850
Current ratio
2.66▲
2024 · 1.92
Quick ratio
2.61▲
2024 · 1.88
Debt to equity
0.65▼
2024 · 0.94
ROE
26.4%▼
2024 · 28.7%
ROA
16.0%▲
2024 · 14.8%
Interest coverage
24.44▼
2024 · 25.28
Debt ≤ 1 year
€142,261▼
2024 · €165,574
Debt > 1 year
€50,000=
2024 · €50,000
Income taxes
€32,700▲
2024 · €27,019
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 17,792 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €6,000 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €28,407 | €20,974 | €2,579 | €260 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,128 | €23,011 | €23,617 | €23,728 | €26,219 | ▲ 10.5% |
| Other operating charges640/8 | €2,647 | €2,744 | €5,626 | €3,206 | €3,796 | ▲ 18.4% |
| Non-recurring operating charges66A | €765 | - | - | - | - | - |
| Gross operating margin9900 | €97,837 | €143,381 | €105,988 | €122,994 | €145,580 | ▲ 18.4% |
| Operating profit (loss)9901 | €48,890 | €96,653 | €74,166 | €95,799 | €115,566 | ▲ 20.6% |
| Financial income75/76B | €59 | €82 | €802 | €3,070 | €3,416 | ▲ 11.3% |
| Recurring financial income75 | €59 | €82 | €802 | €3,070 | €3,416 | ▲ 11.3% |
| Financial charges65/66B | €1,982 | €1,808 | €5,272 | €4,729 | €5,802 | ▲ 22.7% |
| Recurring financial charges65 | €1,982 | €1,808 | €5,272 | €4,729 | €5,802 | ▲ 22.7% |
| Profit (loss) for the period before taxes9903 | €46,967 | €94,926 | €69,695 | €94,140 | €113,180 | ▲ 20.2% |
| Income taxes67/77 | €11,949 | €27,341 | €21,114 | €27,019 | €32,700 | ▲ 21.0% |
| Profit (loss) for the period9904 | €35,018 | €67,585 | €48,581 | €67,121 | €80,481 | ▲ 19.9% |
| Profit (loss) for the period to be appropriated9905 | €35,018 | €67,585 | €48,581 | €67,121 | €80,481 | ▲ 19.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €322,920 | €404,972 | €397,660 | €453,912 | €502,469 | ▲ 10.7% |
| Fixed assets21/28 | €188,662 | €179,247 | €156,952 | €135,974 | €124,519 | ▼ 8.4% |
| Tangible fixed assets22/27 | €188,662 | €179,247 | €156,952 | €135,974 | €124,519 | ▼ 8.4% |
| Land and buildings22 | €111,079 | €107,166 | €103,254 | €99,341 | €95,428 | ▼ 3.9% |
| Plant, machinery and equipment23 | €2,960 | €3,750 | €2,820 | €1,889 | €11,301 | ▲ 498% |
| Furniture and vehicles24 | €63,659 | €59,183 | €43,547 | €29,228 | €14,090 | ▼ 51.8% |
| Other tangible fixed assets26 | €10,964 | €9,148 | €7,332 | €5,515 | €3,699 | ▼ 32.9% |
| Current assets29/58 | €134,258 | €225,725 | €240,708 | €317,938 | €377,950 | ▲ 18.9% |
| Stocks and contracts in progress3 | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Stocks30/36 | €6,500 | - | €6,500 | €6,500 | €6,500 | = |
| Contracts in progress37 | - | €6,500 | - | - | - | - |
| Amounts receivable within one year40/41 | €75,678 | €137,596 | €117,377 | €149,795 | €123,158 | ▼ 17.8% |
| Trade receivables40 | €33,363 | €103,801 | €83,582 | €107,787 | €72,730 | ▼ 32.5% |
| Other amounts receivable41 | €42,315 | €33,795 | €33,795 | €42,007 | €50,428 | ▲ 20.0% |
| Current investments50/53 | €41,823 | €74,341 | €107,534 | €70,174 | €210,510 | ▲ 200% |
| Cash at bank and in hand54/58 | €7,463 | €4,880 | €6,795 | €88,899 | €34,651 | ▼ 61.0% |
| Deferred charges and accrued income490/1 | €2,794 | €2,407 | €2,502 | €2,571 | €3,132 | ▲ 21.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €322,920 | €404,972 | €397,660 | €453,912 | €502,469 | ▲ 10.7% |
| Equity10/15 | €172,243 | €222,978 | €232,947 | €233,802 | €304,342 | ▲ 30.2% |
| Contributions10/11 | €20,000 | €20,000 | €14,114 | €1,721 | €1,721 | = |
| Reserves13 | €152,243 | €202,978 | €218,834 | €232,081 | €302,621 | ▲ 30.4% |
| Distributable reserves133 | €152,243 | €202,978 | €218,834 | €232,081 | €302,621 | ▲ 30.4% |
| Amounts payable17/49 | €150,677 | €181,995 | €164,712 | €220,110 | €198,127 | ▼ 10.0% |
| Amounts payable after more than one year17 | €40,000 | €40,000 | €50,000 | €50,000 | €50,000 | = |
| Financial debts170/4 | €40,000 | €40,000 | €50,000 | €50,000 | €50,000 | = |
| Amounts payable within one year42/48 | €109,077 | €140,395 | €110,019 | €165,574 | €142,261 | ▼ 14.1% |
| Current portion of amounts payable after more than one year42 | €5,834 | - | - | - | - | - |
| Trade debts44 | €37,189 | €56,031 | €26,174 | €41,850 | €13,456 | ▼ 67.8% |
| Suppliers440/4 | €37,189 | €56,031 | €26,174 | €41,850 | €13,456 | ▼ 67.8% |
| Taxes, remuneration and social security45 | €6,986 | €13,475 | €10,246 | €6,712 | €16,737 | ▲ 149% |
| Taxes450/3 | €6,986 | €13,475 | €10,246 | €6,712 | €16,737 | ▲ 149% |
| Other amounts payable47/48 | €59,068 | €70,889 | €73,600 | €117,012 | €112,068 | ▼ 4.2% |
| Accrued charges and deferred income492/3 | €1,600 | €1,600 | €4,693 | €4,535 | €5,866 | ▲ 29.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,018 | €67,585 | €48,581 | €67,121 | €80,481 | ▲ 19.9% |
| + Depreciation and write-downs630 | €17,128 | €23,011 | €23,617 | €23,728 | €26,219 | ▲ 10.5% |
| Operating cash flow (approximation) | €52,145 | €90,596 | €72,198 | €90,850 | €106,699 | ▲ 17.4% |
| Investment in fixed assets (approximation) | - | -€13,597 | -€1,321 | -€2,750 | -€14,764 | ▼ 437% |
| Change in cash | - | -€2,582 | €1,915 | €82,104 | -€54,249 | ▼ 166% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
31-12
Financial
Highest result since 2018net €80,481 ▲19.9%
Operating result €115,566, net result €80,481, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 50 days late
2022
31-12
Financial
Equity above €200,000Eq €222,978 ▲29.5%
5 profitable years in a row build equity to €222,978.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €9,941 ▼62.2%
Net result drops to €9,941, the lowest in the series; recovery starts the following year.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150,000Eq €171,088 ▲18.1%
2 profitable years in a row build equity to €171,088.
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Evergem · 1 establishment unit since 2007
Ground area
1,333 m²
Building footprint
192 m²
Volume, LiDAR
1,084 m³
Parcel 43006I0258/00A000, Flanders · tallest building 13.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ANELEC
since 20072.162.867.594
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43006I0258/00A000 | Flanders | 1,333 m² | 1 · 192 m² | 13.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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ELEKTRO LESAFFRE
BE 0543.845.940
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Lauwereins Technics
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ELEKTRICITEITSWERKEN VANHAECKE STEVEN
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 7,547 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889537015
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.