Equity
€181,114 ▲ 44.9%
Equity rose in 2025 from €125,016 to €181,114.
E-light
Lifetime
14 annual accounts with figures on one time axispeak €191,658 (2016)
€101,079▲ 15.3%
lowest -€34,351 (2019)
€56,098▲ 25.5%
peak €181,114 (2025)
€181,114▲ 44.9%
€165,646▲ 38.6%
peak 3.1 FTE (2018)
-not published
Board1 name since 2021
1 directorDevisch Miguel
Documentsfilings and deeds
25-08-202625 days late
2025micro format
Gross margin from €87,635 to €101,079Result from €44,713 to €56,098Equity from €125,016 to €181,114Debts from €119,532 to €165,646Cash from €106,582 to €40,796
Key points
from the 2025 annual accountsFilings
14 annual accounts since 2012
Nine of the last ten came late. The 2019 accounts came latest: 92 days after the end of the period.
Position in the sector
€56,098
Higher net result than 88% of companies in specialised construction. Sector median €10,184 · 35,124 companies.
Checked score
90
Excellent
Financially stronger than 61% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 1.1%▲ +0.2 percentage points vs 04-2025highest value
06-2025: 1.0%▼ -0.1 percentage points vs 05-2025
07-2025: 1.0%● unchanged vs 06-2025
08-2025: 0.3%▼ -0.7 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.1%▼ -0.2 percentage points vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Founded in 2011
Liquidity: current ratio 1.95, cash €40,796, halved
Size: total assets €346,760
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 57% of them on solvency, 30% on liquidity, 74% on profitability and 81% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as E-light has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of E-light itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for E-light. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €16,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.95 (1.69 in 2024), above the usual 1.5. Short-term debt is 47.8% and cash 11.8% of total assets. 47.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
25 days late
2024
3 days early
2023
23 days late
2022
29 days late
2021
85 days late
2020
31 days late
2019
92 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 40 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0832638595
Registered office moved from Drongen to Watervliet
New registered office: Blekkersdijk 12 te 9988 Watervliet · Previous registered office: Avennesdreef 8 te 9031 Drongen · Board meeting of 20-12-2023 · Gazette deed
First establishment
Blekkersdijk 12, Sint-Laureins
Incorporation
published on 12-01-2011 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| E-light Sint-Laureins | €346,760 | €101,079 | 52.2% | - |
| CALDO Haaltert | €379,367 | €105,698 | 86.6% | - |
| Electriciteitswerken Bart Almeye Nazareth-De Pinte | €350,278 | €103,381 | 74.2% | - |
| ELEKTRICITEITS- EN BOUWRENOVATIEWERKEN NIEK DE BAERE Maldegem | €331,277 | €81,644 | 88.4% | - |
| Criel Energy Evergem | €335,922 | €107,865 | 91.0% | 0 |
| JAN STAUT Beveren-Kruibeke-Zwijndrecht | €396,903 | €86,271 | 44.2% | - |
| JAVADA Maldegem | €336,139 | €115,945 | 53.3% | - |
These companies have the same main activity as E-light: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €331,000 and €397,000, founded between 2008 and 2013.
Official details
Source: KBO- Status
- Active since 10-01-2011Normal situation
- Activity
- General electrical installation workNACE 43211and 2 others
- Establishment unit
- 2.199.477.4739988 Sint-Laureins, since 08-06-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Insights on E-light
E-light files the micro format. That format states no turnover. The gross margin rose from €13,915 in 2012 to €101,079 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about E-light
- What is the company number of E-light?
- The company number of E-light is 0832.638.595. The VAT number is the same number with BE in front: BE 0832.638.595.
- Where is E-light based?
- The registered office is at Blekkersdijk 12, 9988 Sint-Laureins.Company details
- What does E-light do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of E-light?
- E-light is a private limited company (pre-2019) (BVBA).
- When was E-light founded?
- E-light was founded on 10-01-2011.
- Is E-light still active?
- Yes, E-light is an active enterprise in the KBO register.
- How many employees does E-light have?
- E-light had an average of 0.9 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- What is the turnover of E-light?
- The turnover in financial year 2025 is ≈ €300,000. This figure is estimated from the gross margin of €101,079 and 38 comparable companies (NACE 43211). It probably lies between €200,000 and €370,000.
- Is E-light profitable?
- In financial year 2025, E-light made a profit of €56,098.
- Where can I find the annual accounts of E-light?
- E-light filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of E-light due?
- E-light must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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