DRIVE-ELEC
ActiveSummary
For DRIVE-ELEC, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €146,804 and a net result of €48,335. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 46% of 287 sector peers (fiscal year 2023). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability84▲+14
Solvency63▲+10
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 27
Relative position
BE, all sectors
reference
Manufacture of electrical equipment (NACE 27)
about 104% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
37.6%
Return on assets
12.4%
Age of the figures
36 mo
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 · Two or more financial years not filed
Since the financial year that closed on 30-09-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-09-2024 close30-04-2025 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 23-05-2024, 23 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
not filed
2024
not filed
2023
23 d late
2022
30 d late
2021
23 d late
2020
61 d late
2019
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 33 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€146,804▲ 49.1%
2022 · €98,469
Total assets
€390,647▲ 9.6%
2022 · €356,393
Net result
€48,335▲ 1,390%
2022 · €3,244
Working capital
€86,274▲ 243%
2022 · €25,123
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€9,637▼ 48.5%€7,474▼ 22.4%€7,489▲ 0.2%€10,442▲ 39.4%€74,747▲ 616%
Net result€223▼ 97.1%€338within the sector's middle half▲ 51.1%€706within the sector's middle half▲ 109%€3,244within the sector's middle half▲ 360%€48,335above the sector's middle half▲ 1,390%
Equity€94,181▲ 0.2%€94,518within the sector's middle half▲ 0.4%€95,224within the sector's middle half▲ 0.7%€98,469within the sector's middle half▲ 3.4%€146,804within the sector's middle half▲ 49.1%
Total assets€359,819▲ 0.6%€346,671within the sector's middle half▼ 3.7%€360,868within the sector's middle half▲ 4.1%€356,393within the sector's middle half▼ 1.2%€390,647above the sector's middle half▲ 9.6%
Debt€265,638▲ 0.7%€252,152▼ 5.1%€265,644▲ 5.4%€257,924▼ 2.9%€243,843▼ 5.5%
Working capital-€14,888▼ 33,737%€2,888within the sector's middle half€7,542within the sector's middle half▲ 161%€25,123within the sector's middle half▲ 233%€86,274within the sector's middle half▲ 243%
Solvency26.2%▼ 0.1pp27.3%within the sector's middle half▲ 1.1pp26.4%within the sector's middle half▼ 0.9pp27.6%within the sector's middle half▲ 1.2pp37.6%within the sector's middle half▲ 10.0pp
Current ratio0.89▼ 0.111.02below the sector's middle half▲ 0.131.05within the sector's middle half▲ 0.021.15within the sector's middle half▲ 0.101.53within the sector's middle half▲ 0.37
Return on assets (ROA)0.1%▼ 2.1pp0.1%within the sector's middle half=0.2%within the sector's middle half▲ 0.1pp0.9%within the sector's middle half▲ 0.7pp12.4%within the sector's middle half▲ 11.5pp
above
within
below
the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed three years in a row; 2023 is 616% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €390,647
Fixed assets
€140,185 ▼ 15.6%
Current assets
€250,462 ▲ 31.6%
Equity and liabilities €390,647
Equity
€146,804 ▲ 49.1%
Debt
€243,843 ▼ 5.5%
Debt's share of the balance-sheet total falls from 72.4% to 62.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€100,659▲
2022 · €39,725
Cash flow
€74,247▲
2022 · €32,528
Quick ratio
1.52▲
2022 · 1.14
Debt to equity
1.66▼
2022 · 2.62
ROE
32.9%▲
2022 · 3.3%
Interest coverage
21.92▲
2022 · 8.53
Debt ≤ 1 year
€164,188▼
2022 · €165,173
Debt > 1 year
€79,503▼
2022 · €92,751
Income taxes
€21,893▲
2022 · €4,155
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1,337 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,662 | €34,003 | €30,827 | €29,283 | €25,912 | ▼ 11.5% |
| Other operating charges640/8 | - | - | €7,504 | €8,383 | €6,685 | ▼ 20.3% |
| Non-recurring operating charges66A | - | - | €159 | €512 | - | - |
| Gross operating margin9900 | €48,989 | €47,951 | €45,979 | €49,957 | €107,343 | ▲ 115% |
| Operating profit (loss)9901 | €9,637 | €7,474 | €7,489 | €10,442 | €74,747 | ▲ 616% |
| Financial income75/76B | - | - | €123 | €1,613 | €74 | ▼ 95.4% |
| Recurring financial income75 | €1 | €31 | €123 | €1,613 | €74 | ▼ 95.4% |
| Financial charges65/66B | - | - | €4,249 | €4,655 | €4,592 | ▼ 1.3% |
| Recurring financial charges65 | €7,946 | €5,102 | €4,249 | €4,655 | €4,592 | ▼ 1.3% |
| Profit (loss) for the period before taxes9903 | €1,692 | €2,404 | €3,363 | €7,399 | €70,228 | ▲ 849% |
| Income taxes67/77 | €1,469 | €2,066 | €2,657 | €4,155 | €21,893 | ▲ 427% |
| Profit (loss) for the period9904 | €223 | €338 | €706 | €3,244 | €48,335 | ▲ 1,390% |
| Profit (loss) for the period to be appropriated9905 | €223 | €338 | €706 | €3,244 | €48,335 | ▲ 1,390% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €359,819 | €346,671 | €360,868 | €356,393 | €390,647 | ▲ 9.6% |
| Fixed assets21/28 | €241,202 | €220,316 | €195,380 | €166,097 | €140,185 | ▼ 15.6% |
| Intangible fixed assets21 | €25,500 | €21,250 | €17,000 | €12,750 | €8,500 | ▼ 33.3% |
| Tangible fixed assets22/27 | €215,585 | €198,949 | €178,263 | €153,230 | €131,568 | ▼ 14.1% |
| Land and buildings22 | - | - | €167,878 | €147,631 | €129,168 | ▼ 12.5% |
| Plant, machinery and equipment23 | - | - | €4,703 | €2,743 | €1,549 | ▼ 43.5% |
| Furniture and vehicles24 | - | - | €5,682 | €2,855 | €851 | ▼ 70.2% |
| Financial fixed assets28 | €117 | €117 | €117 | €117 | €117 | = |
| Current assets29/58 | €118,617 | €126,355 | €165,488 | €190,296 | €250,462 | ▲ 31.6% |
| Stocks and contracts in progress3 | €2,993 | €2,711 | €2,386 | €2,087 | €1,309 | ▼ 37.3% |
| Stocks30/36 | - | - | €2,386 | €2,087 | €1,309 | ▼ 37.3% |
| Amounts receivable within one year40/41 | €49,575 | €85,312 | €122,339 | €89,402 | €133,632 | ▲ 49.5% |
| Trade receivables40 | - | - | €122,339 | €83,483 | €126,821 | ▲ 51.9% |
| Other amounts receivable41 | - | - | - | €5,920 | €6,812 | ▲ 15.1% |
| Cash at bank and in hand54/58 | €26,958 | €15,545 | €40,675 | €95,422 | €115,521 | ▲ 21.1% |
| Deferred charges and accrued income490/1 | - | - | €89 | €3,385 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €359,819 | €346,671 | €360,868 | €356,393 | €390,647 | ▲ 9.6% |
| Equity10/15 | €94,181 | €94,518 | €95,224 | €98,469 | €146,804 | ▲ 49.1% |
| Contributions10/11 | €85,000 | - | €85,000 | €85,000 | €85,000 | = |
| Reserves13 | €8,738 | €8,738 | €9,518 | €10,224 | €58,224 | ▲ 469% |
| Non-distributable reserves130/1 | - | - | €1,725 | €1,725 | €1,725 | = |
| Reserves not available under the articles1311 | - | - | €1,725 | €1,725 | €1,725 | = |
| Tax-exempt reserves132 | - | - | €13 | €13 | €13 | = |
| Distributable reserves133 | - | - | €7,780 | €8,486 | €56,486 | ▲ 566% |
| Profit (loss) carried forward14 | €443 | €780 | €706 | €3,244 | €3,580 | ▲ 10.3% |
| Amounts payable17/49 | €265,638 | €252,152 | €265,644 | €257,924 | €243,843 | ▼ 5.5% |
| Amounts payable after more than one year17 | €130,138 | €126,687 | €105,708 | €92,751 | €79,503 | ▼ 14.3% |
| Financial debts170/4 | - | - | €105,658 | €92,701 | €79,453 | ▼ 14.3% |
| Other amounts payable178/9 | - | - | €50 | €50 | €50 | = |
| Amounts payable within one year42/48 | €133,505 | €123,467 | €157,946 | €165,173 | €164,188 | ▼ 0.6% |
| Current portion of amounts payable after more than one year42 | - | - | €20,980 | €12,956 | €28,248 | ▲ 118% |
| Trade debts44 | €65,641 | €60,073 | €105,445 | €139,630 | €109,051 | ▼ 21.9% |
| Suppliers440/4 | - | - | €105,445 | €139,630 | €109,051 | ▼ 21.9% |
| Taxes, remuneration and social security45 | - | - | €11,710 | €4,985 | €5,630 | ▲ 12.9% |
| Taxes450/3 | - | - | €11,710 | €4,985 | €5,630 | ▲ 12.9% |
| Other amounts payable47/48 | - | - | €19,811 | €7,601 | €21,259 | ▲ 180% |
| Accrued charges and deferred income492/3 | - | - | €1,990 | - | €152 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €223 | €338 | €706 | €3,244 | €48,335 | ▲ 1,390% |
| + Depreciation and write-downs630 | €34,662 | €34,003 | €30,827 | €29,283 | €25,912 | ▼ 11.5% |
| Operating cash flow (approximation) | €34,885 | €34,341 | €31,533 | €32,528 | €74,247 | ▲ 128% |
| Investment in fixed assets (approximation) | - | -€13,117 | -€5,892 | €0 | €0 | - |
| Change in cash | - | -€11,414 | €25,130 | €54,747 | €20,098 | ▼ 63.3% |
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
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
30-09
Financial
Highest result since 2018net €48,335 ▲1,390%
Operating result €74,747, net result €48,335, both a record.
30-09
Financial
Equity above €100,000Eq €146,804 ▲49.1%
6 profitable years in a row build equity to €146,804.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
14-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 290 days late
2019
30-09
Financial
Weakest financial yearnet €223 ▼97.1%
Net result drops to €223, the lowest in the series; recovery starts the following year.
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
02-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
2016
19-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Oosterzele · 1 establishment unit since 2006
Ground area
597 m²
Building footprint
26 m²
Parcel 44052A0390/00L002, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DRIVE-ELEC
since 20062.152.119.697
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44052A0390/00L002 | Flanders | 597 m² | 1 · 26 m² | - |
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
ETABLISSEMENTS REMACLE ET GUIZZETTI
BE 0412.497.052
Seraing · Eq €145,048
Jacobs Elektro België
BE 0439.827.791
Hoogstraten · Eq €152,836
JUMET BOBINAGE
BE 0462.251.817
Charleroi · Eq €137,528
E-TECH Consult
BE 0731.864.010
Lierde · Eq €160,239
Blitz Power
BE 0768.661.454
Beveren-Kruibeke-Zwijndrecht · Eq €160,700
Of 263 companies in sector 27110 we hold annual accounts for 173. 117 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
Founded08-02-2006
Fiscal year end30-09
Activities, NACEBEL 2025
27110Manufacture of electrical equipment
27900Manufacture of electrical equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0879355676
Also
9925:BE0879355676
Registered
31-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.