E.L.R.
ActiveSummary
E.L.R. has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €232k and a net result of €2k. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 51% of 3550 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability36▲+2
Solvency66▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.82 against 1.63 in 2023; short-term debt: 53.6% and cash: 5.3% of total assets), but 59.4% of the assets are financed with debt.
Credit check 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
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
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 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
41 d early
2022
46 d early
2021
34 d early
2020
26 d late
2019
22 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€0
EBIT margin
Not included in this filing
Net result
€2k▲ 1,396%
2023 · €111
2018: €20k
2019: €27k▲ +31.5% vs 2018highest in 7 years
2020: €17k▼ -34.4% vs 2019
2021: €10k▼ -43.7% vs 2020
2022: €15k▲ +52.3% vs 2021
2023: €111▼ -99.3% vs 2022lowest in 7 years
2024: €2k▲ +1396% vs 2023
2018 → 2024
Working capital
€250k▲ 14.8%
2023 · €218k
2018: €137klowest in 7 years
2019: €169k▲ +22.7% vs 2018
2020: €193k▲ +14.2% vs 2019
2021: €207k▲ +7.3% vs 2020
2022: €224k▲ +8.3% vs 2021
2023: €218k▼ -2.7% vs 2022
2024: €250k▲ +14.8% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€206k-€215k▲ 4.8%€230k▲ 6.9%€230k=€232k▲ 0.7%
2020: €206klowest in 5 years
2021: €215k▲ +4.8% vs 2020
2022: €230k▲ +6.9% vs 2021
2023: €230k● +0.0% vs 2022
2024: €232k▲ +0.7% vs 2023highest in 5 years
Operating result€34k-€26k▼ 24.4%€34k▲ 32.0%€14k▼ 59.0%€17k▲ 22.8%
2020: €34khighest in 5 years
2021: €26k▼ -24.4% vs 2020
2022: €34k▲ +32.0% vs 2021
2023: €14k▼ -59.0% vs 2022lowest in 5 years
2024: €17k▲ +22.8% vs 2023
Net result€17k-€10k▼ 43.7%€15k▲ 52.3%€111▼ 99.3%€2k▲ 1,396%
2020: €17khighest in 5 years
2021: €10k▼ -43.7% vs 2020
2022: €15k▲ +52.3% vs 2021
2023: €111▼ -99.3% vs 2022lowest in 5 years
2024: €2k▲ +1396% vs 2023
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 23% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €572k
Fixed assets
€15k ▼ 4.3%
Current assets
€557k ▼ 1.1%
Equity and liabilities €572k
Equity
€232k ▲ 0.7%
Debt
€339k ▼ 2.4%
Debt's share of the balance-sheet total falls from 60.1% to 59.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23k▲
2023 · €17k
Cash flow
€7k▲
2023 · €3k
Current ratio
1.82▲
2023 · 1.63
Quick ratio
1.53▲
2023 · 1.40
Debt to equity
1.46▼
2023 · 1.51
ROE
0.7%▲
2023 · 0.0%
ROA
0.3%▲
2023 · 0.0%
Interest coverage
2.04▲
2023 · 1.85
Debt ≤ 1 year
€306k▼
2023 · €345k
Debt > 1 year
€30k
Income taxes
€5k▲
2023 · €5k
Staff costs
€445k▼
2023 · €464k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 58 lines
Balance sheet
Code20232024
Assets
Total assets20/58€578k€572k▼
Formation expenses20€0€0=
Fixed assets21/28€16k€15k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€10k€10k▼
Plant, machinery and equipment23€2k€5k▲
Furniture and vehicles24€8k€5k▼
Other tangible fixed assets26€0€0=
Financial fixed assets28€6k€5k▼
Current assets29/58€562k€557k▼
Stocks and contracts in progress3€80k€87k▲
Stocks30/36€80k€87k▲
Amounts receivable within one year40/41€420k€438k▲
Trade receivables40€393k€408k▲
Other amounts receivable41€28k€31k▲
Cash at bank and in hand54/58€61k€30k▼
Deferred charges and accrued income490/1€457€869▲
Equity and liabilities
Total equity and liabilities10/49€578k€572k▼
Equity10/15€230k€232k▲
Contributions10/11€96k€96k=
Reserves13€4k€4k=
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Profit (loss) carried forward14€130k€132k▲
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Other liabilities and charges164/5€0-
Amounts payable17/49€348k€339k▼
Amounts payable after more than one year17-€30k
Other amounts payable178/9-€30k
Amounts payable within one year42/48€345k€306k▼
Current portion of amounts payable after more than one year42€19k€0▼
Financial debts43€100k€100k=
Credit institutions430/8€100k€100k=
Trade debts44€163k€161k▼
Suppliers440/4€163k€161k▼
Taxes, remuneration and social security45€50k€36k▼
Taxes450/3€13k€10k▼
Remuneration and social security454/9€37k€27k▼
Other amounts payable47/48€14k€9k▼
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20232024
Remuneration, social security and pensions62€464k€445k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€6k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-760-
Other operating charges640/8€2k€3k▲
Gross operating margin9900€482k€470k▼
Operating profit (loss)9901€14k€17k▲
Financial income75/76B€127€1k▲
Recurring financial income75€127€1k▲
Financial charges65/66B€9k€11k▲
Recurring financial charges65€9k€11k▲
Profit (loss) for the period before taxes9903€5k€7k▲
Income taxes67/77€5k€5k▲
Profit (loss) for the period9904€111€2k▲
Profit (loss) for the period to be appropriated9905€111€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€130k€132k▲
Profit (loss) brought forward from the previous period14P€130k€130k▲
Social balance
Average headcount (FTE)908717.010.5▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €571k | €488k | €464k | €445k | ▼ 4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €9k | €2k | €3k | €6k | ▲ 109% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €-760 | - | - |
| Other operating charges640/8 | - | €2k | €1k | €2k | €3k | ▲ 52.3% |
| Gross operating margin9900 | €567k | €608k | €525k | €482k | €470k | ▼ 2.3% |
| Operating profit (loss)9901 | €34k | €26k | €34k | €14k | €17k | ▲ 22.8% |
| Financial income75/76B | - | €73 | €41 | €127 | €1k | ▲ 711% |
| Recurring financial income75 | €197 | €73 | €41 | €127 | €1k | ▲ 711% |
| Financial charges65/66B | - | €6k | €9k | €9k | €11k | ▲ 24.3% |
| Recurring financial charges65 | €5k | €6k | €9k | €9k | €11k | ▲ 24.3% |
| Profit (loss) for the period before taxes9903 | €29k | €19k | €25k | €5k | €7k | ▲ 37.2% |
| Income taxes67/77 | €12k | €10k | €10k | €5k | €5k | ▲ 7.0% |
| Profit (loss) for the period9904 | €17k | €10k | €15k | €111 | €2k | ▲ 1,396% |
| Profit (loss) for the period to be appropriated9905 | €17k | €10k | €15k | €111 | €2k | ▲ 1,396% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €553k | €637k | €697k | €578k | €572k | ▼ 1.1% |
| Formation expenses20 | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €14k | €10k | €9k | €16k | €15k | ▼ 4.3% |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €8k | €4k | €3k | €10k | €10k | ▼ 1.4% |
| Plant, machinery and equipment23 | - | €3k | €2k | €2k | €5k | ▲ 234% |
| Furniture and vehicles24 | - | €1k | €688 | €8k | €5k | ▼ 44.9% |
| Other tangible fixed assets26 | - | €0 | €0 | €0 | €0 | - |
| Financial fixed assets28 | €6k | €6k | €6k | €6k | €5k | ▼ 9.1% |
| Current assets29/58 | €539k | €626k | €688k | €562k | €557k | ▼ 1.1% |
| Stocks and contracts in progress3 | €74k | €83k | €86k | €80k | €87k | ▲ 8.5% |
| Stocks30/36 | - | €83k | €86k | €80k | €87k | ▲ 8.5% |
| Amounts receivable within one year40/41 | €413k | €504k | €470k | €420k | €438k | ▲ 4.3% |
| Trade receivables40 | - | €479k | €437k | €393k | €408k | ▲ 3.8% |
| Other amounts receivable41 | - | €25k | €33k | €28k | €31k | ▲ 11.1% |
| Cash at bank and in hand54/58 | €52k | €22k | €131k | €61k | €30k | ▼ 50.7% |
| Deferred charges and accrued income490/1 | - | €17k | €2k | €457 | €869 | ▲ 90.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €553k | €637k | €697k | €578k | €572k | ▼ 1.1% |
| Equity10/15 | €206k | €215k | €230k | €230k | €232k | ▲ 0.7% |
| Contributions10/11 | - | €96k | €96k | €96k | €96k | = |
| Reserves13 | €4k | €4k | €4k | €4k | €4k | = |
| Non-distributable reserves130/1 | - | €4k | €4k | €4k | €4k | = |
| Reserves not available under the articles1311 | - | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €105k | €115k | €130k | €130k | €132k | ▲ 1.3% |
| Provisions and deferred taxes16 | €760 | €760 | €760 | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | €760 | €760 | €0 | - | - |
| Other liabilities and charges164/5 | - | €760 | €760 | €0 | - | - |
| Amounts payable17/49 | €346k | €420k | €466k | €348k | €339k | ▼ 2.4% |
| Amounts payable after more than one year17 | €0 | - | - | - | €30k | - |
| Other amounts payable178/9 | - | - | - | - | €30k | - |
| Amounts payable within one year42/48 | €346k | €419k | €464k | €345k | €306k | ▼ 11.1% |
| Current portion of amounts payable after more than one year42 | - | €19k | €19k | €19k | €0 | ▼ 100% |
| Financial debts43 | - | €100k | €100k | €100k | €100k | = |
| Credit institutions430/8 | - | €100k | €100k | €100k | €100k | = |
| Trade debts44 | €160k | €214k | €156k | €163k | €161k | ▼ 0.7% |
| Suppliers440/4 | - | €214k | €156k | €163k | €161k | ▼ 0.7% |
| Taxes, remuneration and social security45 | - | €87k | €46k | €50k | €36k | ▼ 26.6% |
| Taxes450/3 | - | €31k | €13k | €13k | €10k | ▼ 23.3% |
| Remuneration and social security454/9 | - | €55k | €33k | €37k | €27k | ▼ 27.7% |
| Other amounts payable47/48 | - | - | €144k | €14k | €9k | ▼ 37.8% |
| Accrued charges and deferred income492/3 | - | €1k | €1k | €3k | €3k | ▲ 0.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €10k | €15k | €111 | €2k | ▲ 1,396% |
| + Depreciation and write-downs630 | €9k | €9k | €2k | €3k | €6k | ▲ 109% |
| Operating cash flow (approximation) | €27k | €19k | €17k | €3k | €7k | ▲ 160% |
| Investment in fixed assets (approximation) | - | €-5k | €0 | €-10k | €-5k | ▲ 50.0% |
| Change in cash | - | €-30k | €108k | €-69k | €-31k | ▲ 55.0% |
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
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €111 ▼99.3%
Net result drops to €111, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
31-12
Financial
Equity above €200kEq €206k ▲9.2%
3 profitable years in a row build equity to €206k.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €27k ▲31.5%
Net result €27k, the highest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 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, Aywaille · 1 establishment unit since 1999
Ground area
294 m²
Building footprint
458 m²
Volume, LiDAR
1,853 m³
Parcel 62009C0033/00H003, Wallonia · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Dieupart 36, 4920 Aywaille
since 19992.090.459.272
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62009C0033/00H003 | Wallonia | 294 m² | 1 · 457 m² | 7.3 m · 1 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.
Recognitions · licences · registrations
Recognised contractor
18 categoriesE.L.R. SA26510
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,037 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-02-1999
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
25210Manufacture of fabricated metal products, except machinery and equipment
46643Wholesale of electrical equipment, including installation materials
Scores and ratios are computed by Checked and are not a credit decision.