E-Lac
ActiveE-Lac has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €846k and a net result of €-5k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 90% of 2033 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
78
/ 100
Excellent▲ +26 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 7.0 against 12.6 in 2024), and 18.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 2025Solvency, return and age of the figures
Solvency
81.4%
Return on assets
-0.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€5k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
27 d early
2023
9 d early
2022
7 d early
2021
31 d early
2020
3 d early
2019
8 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-5k▲ 96.3%
2024 · €-125k
2018: €68k
2019: €84k
2020: €74k
2021: €115k
2022: €262k
2023: €232k
2024: €-125k
2018 → 2025
Working capital
€719k▼ 15.3%
2024 · €849k
2018: €220k
2019: €427k
2020: €344k
2021: €463k
2022: €738k
2023: €963k
2024: €849k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€542k-€804k▲ 48.3%€1.04M▲ 28.8%€912k▼ 12.0%€846k▼ 7.2%
Operating result€163k-€385k▲ 136%€339k▼ 11.9%€-120k€-909▲ 99.2%
Net result€115k-€262k▲ 129%€232k▼ 11.5%€-125k€-5k▲ 96.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €909 in 2025 against €120k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.04M
Fixed assets
€202k▼ 0.1%
Current assets
€838k▼ 9.0%
Equity and liabilities €1.04M
Equity
€846k▼ 7.2%
Debt
€194k▼ 8.5%
The debt ratio falls from 18.9% to 18.6%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€33k▲
2024 · €-90k
Cash flow
€29k▲
2024 · €-95k
Solvency
81.4%▲
2024 · 81.1%
Current ratio
7.00▼
2024 · 12.60
Quick ratio
5.44▼
2024 · 10.08
Debt / equity
0.23▼
2024 · 0.23
ROE
-0.5%▲
2024 · -13.7%
ROA
-0.4%▲
2024 · -11.1%
Interest coverage
9.74▲
2024 · -17.65
Debt
€194k▼
2024 · €212k
Debt ≤ 1 year
€120k▲
2024 · €73k
Debt > 1 year
€74k▼
2024 · €84k
Income taxes
€711▲
2024 · €693
Staff costs
€429k▼
2024 · €454k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.12M€1.04M▼
Fixed assets21/28€202k€202k▼
Tangible fixed assets22/27€199k€199k▼
Land and buildings22€1k€1k▼
Plant, machinery and equipment23€127k€112k▼
Furniture and vehicles24€71k€86k▲
Financial fixed assets28€3k€3k▼
Current assets29/58€922k€838k▼
Stocks and contracts in progress3€184k€187k▲
Stocks30/36€184k€187k▲
Amounts receivable within one year40/41€106k€67k▼
Trade receivables40€80k€42k▼
Other amounts receivable41€26k€25k▼
Cash at bank and in hand54/58€626k€577k▼
Deferred charges and accrued income490/1€5k€8k▲
Equity and liabilities
Total equity and liabilities10/49€1.12M€1.04M▼
Equity10/15€912k€846k▼
Contributions10/11€114k€114k=
Capital10€114k€114k=
Issued capital100€114k€114k=
Reserves13€921k€860k▼
Non-distributable reserves130/1€11k€11k=
Legal reserve130-€11k
Reserves not available under the articles1311€11k-
Tax-exempt reserves132€16k€16k=
Distributable reserves133€893k€832k▼
Profit (loss) carried forward14€-123k€-127k▼
Amounts payable17/49€212k€194k▼
Amounts payable after more than one year17€84k€74k▼
Financial debts170/4€84k€74k▼
Amounts payable within one year42/48€73k€120k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€21k€54k▲
Suppliers440/4€21k€54k▲
Taxes, remuneration and social security45€43k€52k▲
Taxes450/3€6k€2k▼
Remuneration and social security454/9€37k€49k▲
Other amounts payable47/48-€4k
Accrued charges and deferred income492/3€55k-
Income statement
Code20242025
Remuneration, social security and pensions62€454k€429k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€34k▲
Other operating charges640/8€5k€3k▼
Non-recurring operating charges66A€250-
Gross operating margin9900€370k€465k▲
Operating profit (loss)9901€-120k€-909▲
Financial income75/76B€1k€339▼
Recurring financial income75€1k€339▼
Financial charges65/66B€5k€3k▼
Recurring financial charges65€5k€3k▼
Profit (loss) for the period before taxes9903€-124k€-4k▲
Income taxes67/77€693€711▲
Profit (loss) for the period9904€-125k€-5k▲
Profit (loss) for the period to be appropriated9905€-125k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-123k€-127k▼
Profit (loss) brought forward from the previous period14P€2k€-123k▼
Transfer from equity791/2-€61k
Profit to be distributed694/7-€61k
Return on contributions (dividend)694-€61k
Social balance
Average headcount (FTE)90877.77.5▼
The notes to these accounts (12 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 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-125k ▼154%
Net result drops to €-125k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 11.93
Current ratio from 2.79 to 11.93; short-term debt falls from €412k to €88k.
31-12
Financial
Equity above €1MEq €1.04M ▲28.8%
6 profitable years in a row build equity to €1.04M.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €262k ▲129%
Operating result €385k, net result €262k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €500kEq €542k ▲26.4%
4 profitable years in a row build equity to €542k.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Incourt · 1 establishment unit since 1983
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.
Rue Marcel Louis 341315 IncourtGround area
1,717 m²
Building footprint
275 m²
Volume, LiDAR
1,823 m³
Parcel 25086A0300/00N000, Wallonia · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
E-LAC sa
since 19832.023.003.987
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25086A0300/00N000 | Wallonia | 1,717 m² | 1 · 274 m² | 11.0 m · 2 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.
Recognitions · licences · registrations
Recognised contractor
5 categoriesE-Lac SA06371
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Of 22,740 companies in sector 43211 we hold annual accounts for 10,275. 5,132 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-08-1983
Fiscal year end31-12
Abbreviation FR
E - LAC
Activities, NACEBEL
43211General electrical installation work
45310
47540Retail sale of electrical household appliances
52450
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.