CVELEC
ActiveCVELEC has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €820k and a net result of €194k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 79% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability89▼-11
Solvency94▲+10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 2.92 against 2.24 in 2023; short-term debt: 30.4% and cash: 37.5% of total assets), and 30.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
Sector 43
higher
← 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 2024Solvency, return and age of the figures
Solvency
69.3%
Return on assets
16.4%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
33 d early
2022
56 d early
2022
6 d early
2021
4 d early
2020
8 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€820k=
2023 · €820k
2019: €819k
2020: €960k
2021: €920k
2022: €920k
2022: €820k
2023: €820k
2019 → 2024
Total assets
€1.18M▼ 15.1%
2023 · €1.39M
2019: €1.18M
2020: €1.36M
2021: €1.46M
2022: €1.46M
2022: €1.51M
2023: €1.39M
2019 → 2024
Net result
€194k▼ 49.1%
2023 · €382k
2019: €389k
2020: €430k
2021: €415k
2022: €311k
2022: €309k
2023: €382k
2019 → 2024
Working capital
€689k▲ 0.9%
2023 · €682k
2019: €753k
2020: €910k
2021: €819k
2022: €826k
2022: €713k
2023: €682k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202220232024Trend
Equity€920k-€920k=€820k▼ 10.9%€820k=€820k=
Operating result€554k-€402k▼ 27.4%€402k=€502k▲ 25.1%€265k▼ 47.3%
Net result€415k-€311k▼ 25.1%€309k▼ 0.7%€382k▲ 23.7%€194k▼ 49.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.18M
Fixed assets
€136k▼ 14.7%
Current assets
€1.05M▼ 15.1%
Equity and liabilities €1.18M
Equity
€820k=
Debt
€363k▼ 36.6%
The debt ratio falls from 41.1% to 30.7%. Debt is lower.
Key figures and ratios
EBITDA
€334k▼
2023 · €563k
Cash flow
€264k▼
2023 · €443k
Solvency
69.3%▲
2023 · 58.9%
Current ratio
2.92▲
2023 · 2.24
Quick ratio
2.17▲
2023 · 1.75
Debt / equity
0.44▼
2023 · 0.70
ROE
23.7%▼
2023 · 46.6%
ROA
16.4%▼
2023 · 27.4%
Interest coverage
213.54▲
2023 · 135.76
Debt
€363k▼
2023 · €573k
Debt ≤ 1 year
€360k▼
2023 · €552k
Debt > 1 year
€4k▼
2023 · €21k
Income taxes
€70k▼
2023 · €116k
Staff costs
€865k▲
2023 · €858k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.39M€1.18M▼
Fixed assets21/28€159k€136k▼
Intangible fixed assets21€5k€3k▼
Tangible fixed assets22/27€154k€132k▼
Plant, machinery and equipment23€8k€5k▼
Furniture and vehicles24€126k€111k▼
Other tangible fixed assets26€20k€17k▼
Financial fixed assets28€42€42=
Current assets29/58€1.23M€1.05M▼
Stocks and contracts in progress3€269k€269k▼
Stocks30/36€176k€189k▲
Contracts in progress37€93k€80k▼
Amounts receivable within one year40/41€428k€331k▼
Trade receivables40€398k€273k▼
Other amounts receivable41€30k€59k▲
Current investments50/53€25k€5k▼
Cash at bank and in hand54/58€512k€443k▼
Deferred charges and accrued income490/1€152-
Equity and liabilities
Total equity and liabilities10/49€1.39M€1.18M▼
Equity10/15€820k€820k=
Contributions10/11€19k€19k=
Reserves13€802k€802k=
Distributable reserves133€802k€802k=
Amounts payable17/49€573k€363k▼
Amounts payable after more than one year17€21k€4k▼
Financial debts170/4€21k€4k▼
Amounts payable within one year42/48€552k€360k▼
Current portion of amounts payable after more than one year42€17k€17k▲
Financial debts43€26k-
Credit institutions430/8€26k-
Trade debts44€69k€90k▲
Suppliers440/4€69k€90k▲
Taxes, remuneration and social security45€59k€58k▼
Taxes450/3€12k€11k▼
Remuneration and social security454/9€47k€47k▼
Other amounts payable47/48€382k€194k▼
Income statement
Code20232024
Non-recurring operating income76A€14k€0▼
Remuneration, social security and pensions62€858k€865k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€70k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-19k€-26k▼
Other operating charges640/8€23k€29k▲
Gross operating margin9900€1.43M€1.20M▼
Operating profit (loss)9901€502k€265k▼
Financial income75/76B€93€936▲
Recurring financial income75€93€936▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€498k€264k▼
Income taxes67/77€116k€70k▼
Profit (loss) for the period9904€382k€194k▼
Profit (loss) for the period to be appropriated9905€382k€194k▼
Appropriation of the result
Profit (loss) to be appropriated9906€382k€194k▼
Profit to be distributed694/7€382k€194k▼
Return on contributions (dividend)694€337k€194k▼
Directors or managers695€45k-
Social balance
Average headcount (FTE)908712.513.1▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €194k ▼49.1%
Net result drops to €194k, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
23-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Highest result since 2019net €430k ▲10.3%
Net result €430k, the highest in the series.
2019
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
11-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Wetteren · 1 establishment unit since 2011
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.
Neerhonderd +279230 WetterenGround area
1,670 m²
Building footprint
609 m²
Volume, LiDAR
2,105 m³
Parcel 42025G0796/00K000, Flanders · tallest building 4.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CVELEC
since 20112.196.155.620
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42025G0796/00K000 | Flanders | 1,670 m² | 1 · 609 m² | 4.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 1,111 EUR awarded · 1,111 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 150 EUR | 150 EUR |
| 2024 | 1 | 691 EUR | 691 EUR |
| 2022 | 1 | 270 EUR | 270 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
3 categoriesCVELEC BV45024
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 5,234 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-02-2011
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.