BELECTRON
ActiveBELECTRON has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €344k and a net result of €-125k. Equity is shrinking by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 41% of 129 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2026
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability0▼-50
Solvency67▼-6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 1.66 against 1.8 in 2025; short-term debt: 55.5% and cash: 14.3% of total assets), but 57.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
1920212223242526
2019 to 2026 · latest year €-125k
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 03-07-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
59 d early
2025
31 d early
2024
37 d late
2023
29 d late
2022
36 d late
2021
29 d late
2020
91 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-01-2027 close31-08-2027 deadline
Financials · fiscal year 2026, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-125k▲ 25.1%
2025 · €-168k
2019: €-90k
2020: €-96k
2021: €11k
2022: €-85k
2023: €-216k
2024: €-97k
2025: €-168k
2019 → 2026
Working capital
€297k▼ 23.8%
2025 · €390k
2019: €796k
2020: €698k
2021: €746k
2022: €666k
2023: €594k
2024: €533k
2025: €390k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€949k-€733k▼ 22.7%€636k▼ 13.2%€469k▼ 26.3%€344k▼ 26.7%
Operating result€-99k-€-246k▼ 149%€-105k▲ 57.3%€53k€-135k
Net result€-85k-€-216k▼ 153%€-97k▲ 55.2%€-168k▼ 73.2%€-125k▲ 25.1%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2026: a loss of €135k after €53k in 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €811k
Fixed assets
€64k▼ 37.9%
Current assets
€747k▼ 14.9%
Equity and liabilities €811k
Equity
€344k▼ 26.7%
Debt
€467k▼ 8.7%
The debt ratio rises from 52.2% to 57.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-95k▼
2025 · €94k
Cash flow
€-86k▲
2025 · €-126k
Solvency
42.4%▼
2025 · 47.8%
Current ratio
1.66▼
2025 · 1.80
Quick ratio
0.39▲
2025 · 0.30
Debt / equity
1.36▲
2025 · 1.09
ROE
-36.5%▼
2025 · -35.7%
ROA
-15.5%▲
2025 · -17.1%
Interest coverage
-14.91▼
2025 · 16.53
Debt
€467k▼
2025 · €511k
Debt ≤ 1 year
€450k▼
2025 · €488k
Debt > 1 year
€17k▼
2025 · €24k
Staff costs
€150k▲
2025 · €143k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€980k€811k▼
Fixed assets21/28€103k€64k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€102k€64k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€10k€1k▼
Leasing and similar rights25€26k€21k▼
Other tangible fixed assets26€62k€38k▼
Financial fixed assets28€50€50=
Current assets29/58€878k€747k▼
Stocks and contracts in progress3€733k€571k▼
Stocks30/36€733k€571k▼
Amounts receivable within one year40/41€41k€54k▲
Trade receivables40€41k€53k▲
Other amounts receivable41€464€464=
Cash at bank and in hand54/58€93k€116k▲
Deferred charges and accrued income490/1€10k€6k▼
Equity and liabilities
Total equity and liabilities10/49€980k€811k▼
Equity10/15€469k€344k▼
Contributions10/11€125k€125k=
Capital10€125k€125k=
Issued capital100€125k€125k=
Reserves13€135k€135k=
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Distributable reserves133€123k€123k=
Profit (loss) carried forward14€209k€83k▼
Amounts payable17/49€511k€467k▼
Amounts payable after more than one year17€24k€17k▼
Financial debts170/4€24k€17k▼
Amounts payable within one year42/48€488k€450k▼
Current portion of amounts payable after more than one year42€11k€6k▼
Trade debts44€64k€64k▼
Suppliers440/4€64k€64k▼
Advances received on contracts in progress46€3k€3k▼
Taxes, remuneration and social security45€44k€68k▲
Taxes450/3€23k€32k▲
Remuneration and social security454/9€21k€36k▲
Other amounts payable47/48€365k€310k▼
Income statement
Code20252026
Non-recurring operating income76A€3k€0▼
Remuneration, social security and pensions62€143k€150k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€39k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€0▼
Other operating charges640/8€10k€10k▲
Gross operating margin9900€250k€66k▼
Operating profit (loss)9901€53k€-135k▼
Financial income75/76B€14k€19k▲
Recurring financial income75€14k€19k▲
Financial charges65/66B€235k€9k▼
Recurring financial charges65€6k€6k▲
Non-recurring financial charges66B€229k€3k▼
Profit (loss) for the period before taxes9903€-168k€-125k▲
Profit (loss) for the period9904€-168k€-125k▲
Profit (loss) for the period to be appropriated9905€-168k€-125k▲
Appropriation of the result
Profit (loss) to be appropriated9906€209k€83k▼
Profit (loss) brought forward from the previous period14P€376k€209k▼
Social balance
Average headcount (FTE)90873.43.2▼
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 37 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
31-01
Financial
Weakest financial yearnet €-216k
Net result drops to €-216k, the lowest in the series; recovery starts the following year.
2022
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 36 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
31-01
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 91 days late
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 40 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are 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, Pajottegem · 2 establishment units since 1984
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Tollembeekstraat 241570 PajottegemGround area
2,834 m²
Building footprint
1,507 m²
Volume, LiDAR
7,456 m³
2 parcels, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Tollembeekstraat 24, 1570 Pajottegem
since 19842.024.156.507
BELECTRON
since 20232.342.640.367
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23023D0782/00N000 | Flanders | 2,517 m² | 1 · 1,391 m² | 9.3 m · 1 fl. |
| 23023D0781/00P002 | Flanders | 317 m² | 1 · 116 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
TEBA
BE 0457.589.283
Sint-Truiden · Eq €343k
D.S.M.
BE 0440.183.426
Liedekerke · Eq €342k
ELECTRO GROOTHANDEL LEKENS
BE 0428.697.735
Gent · Eq €347k
A.S.T.
BE 0420.855.185
Gent · Eq €340k
R-COTEC
BE 0441.950.905
Beveren-Kruibeke-Zwijndrecht · Eq €347k
Of 977 companies in sector 46431 we hold annual accounts for 705. 548 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-12-1983
Fiscal year end31-01
Activities, NACEBEL
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
52450
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.