Equity
€3.7m ▲ 18.8%
EATON ELECTRIC has made a profit without a break since 2016.
EATON ELECTRIC
Lifetime
19 annual accounts with figures on one time axis, 46 filings since 1979Turnoverpeak €9.6m (2008)
€2.7m▲ 6.4%
Resultlowest -€2.7m (2014)
€589,814▲ 129%
Equitypeak €3.7m (2024)
€3.7m▲ 18.8%
Debts
€821,759▲ 98.1%
Staffpeak 40.6 FTE (2008)
7.3 FTE▲ 4.3%
Board5 names since 2017
3 directorsIan Yule and 2 others
Owners3 names in the annual accounts
consolidatesEaton Corporation plc
Documentsfilings and deeds
28-08-2026393 days late
2024financial year
Result from €257,398 to €589,814Resignation: Matheus Hummelink (director) 26-03Equity from €3.1m to €3.7mDebts from €414,747 to €821,759
Key points
from the 2024 annual accountsResult
€589,814 ▲ 129%
The result rose in 2024 from €257,398 to €589,814.
Debts
€821,759 ▲ 98.1%
Debts rose by €407,012 in 2024.
Staff
7.3 FTE from 40.6 in 2008
Between 2008 and 2024, 82% of the full-time equivalents disappeared.
Payment terms
120 days to suppliers
EATON ELECTRIC pays its suppliers 73 days later than in 2023. Customers pay 15 days later.
Filings
46 annual accounts 98 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Checked score
57
Fair
Financially stronger than 81% of micro companies in electrical equipment (NACE 27)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 437 companies (NACE 27, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.4%
01-2025: 4.9%▲ +2.5 percentage points vs 12-2024
02-2025: 4.9%● unchanged vs 01-2025
03-2025: 4.9%● unchanged vs 02-2025
04-2025: 4.4%▼ -0.5 percentage points vs 03-2025
05-2025: 4.4%● unchanged vs 04-2025
06-2025: 4.4%● unchanged vs 05-2025
07-2025: 4.4%● unchanged vs 06-2025
08-2025: 6.0%▲ +1.6 percentage points vs 07-2025
09-2025: 6.0%● unchanged vs 08-2025
10-2025: 2.4%▼ -3.6 percentage points vs 09-2025
11-2025: 2.5%▲ +0.1 percentage points vs 10-2025
12-2025: 3.0%▲ +0.5 percentage points vs 11-2025
01-2026: 5.4%▲ +2.4 percentage points vs 12-2025
02-2026: 5.4%● unchanged vs 01-2026
03-2026: 5.4%● unchanged vs 02-2026
04-2026: 4.9%▼ -0.5 percentage points vs 03-2026
05-2026: 4.9%● unchanged vs 04-2026
06-2026: 4.9%● unchanged vs 05-2026
07-2026: 4.9%● unchanged vs 06-2026
08-2026: 6.6%▲ +1.7 percentage points vs 07-2026highest value
09-2026: 1.3%▼ -5.3 percentage points vs 08-2026lowest value
10-2026: 1.9%▲ +0.6 percentage points vs 09-2026
11-2026: 1.9%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Figures for financial year 2024 (filed on 01-09-2026)
1 financial year not filed after the legal deadline; last filed accounts filed 393 days late; 3 of the last 3 accounts late
Liquidity: current ratio 5.82
lowers risk
Founded in 1978
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 27, micro). It does better than 89% of them on solvency, 91% on liquidity, 80% on profitability and 66% on growth.
The bankruptcy probability was computed on 05-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 31,368 companies had the same profile as EATON ELECTRIC has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of EATON ELECTRIC itself is higher: 1.9% within 12 months. It rests on far more data about EATON ELECTRIC than the profile alone.
Test of the method
The method was tested on the 497,446 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 31,368 companies, not a prediction for EATON ELECTRIC. 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 €210,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 5.82 (9.0 in 2023), above the usual 1.5. Short-term debt is 16.9% of total assets. 18.1% 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
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 98 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline06-11-2026 today
raises risk · 2024 accounts filed 393 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2026, 393 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
393 days late
2023
414 days late
2022
70 days late
2021
3 days early
2020
2 days early
2019
24 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 149 days after the deadline. In the sector (NACE 27), the median for financial year 2024 was 6 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (1)
Board and ownership
IY
Ian Yule
Director, since 13-01-2017
LJ
Leemans Jochen
Director, since 01-04-2020
- Eaton Corporation plc consolidatesannual accounts 2024
Recent changes
Reappointment: VGD Bedrijfsrevisoren (statutory auditor)
Permanent representative: Jurgen Lelie · General meeting of 15-09-2025 · Gazette deed
Appointment: Albert Coenraad van Beek (director)
General meeting of 07-04-2025 · Gazette deed
Resignation: Matheus Hummelink (director)
General meeting of 17-01-2024 · Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments
Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 31-05-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| EATON ELECTRIC Dilbeek | €2.7m | 18.2% | 81.9% | 7.3 |
| BARTEC-BELGIUM Tessenderlo-Ham | €7.6m | 5.8% | 52.7% | 9.8 |
| Équipement, Machines et Appareils Spéciaux Molenbeek-Saint-Jean | €1.5m | 4.3% | 78.7% | 2 |
| BRYON Assenede | - | - | 32.0% | 8 |
| SETEC Bruges | €1.5m | 15.7% | 79.5% | 4.5 |
| CDC-Cabines de Ciney Ciney | €5.7m | 4.2% | 22.9% | 16 |
| Elektrokontakt Lochristi | - | - | 59.9% | 13.9 |
Grey: the largest companies of the sector (electrical equipment (NACE 27)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as EATON ELECTRIC: manufacture of electrical equipment (NACE 27120). They are comparable in size and age: total assets between €910,000 and €7.7m, founded between 1988 and 2003.
Official details
Source: KBO- Status
- Active since 03-07-1978Normal situation
- Activity
- Manufacture of electrical equipmentNACE 27120and 2 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 149.01Electricians: installation and distribution · annual accounts 2024
- Establishment unit
- 2.015.038.1111702 Dilbeek, since 03-07-1978
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2024
- Total assets
- €4.5m▲ 28.1%
- Employeeson 31-12-2024
- 7=
- Filing
- Filed on 28-08-2026
Insights on EATON ELECTRIC
EATON ELECTRIC has existed since 1978. Turnover fell from €6.7m in 2006 to €2.7m in 2024 and staff from 40.3 to 7.3 full-time equivalents.
Turnover has grown every year since 2020. Solvency fell in 2024 from 88.3% to 81.9% because of higher debts to suppliers.
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 EATON ELECTRIC
- What is the company number of EATON ELECTRIC?
- The company number of EATON ELECTRIC is 0418.432.561. The VAT number is the same number with BE in front: BE 0418.432.561.
- Where is EATON ELECTRIC based?
- The registered office is at Industrialaan 3, 1702 Dilbeek.Company details
- What does EATON ELECTRIC do?
- According to the KBO register, the main activity is manufacture of electrical equipment (NACE 27120).
- What is the legal form of EATON ELECTRIC?
- EATON ELECTRIC is a private limited company (BV).
- When was EATON ELECTRIC founded?
- EATON ELECTRIC was founded on 03-07-1978.
- Is EATON ELECTRIC still active?
- Yes, EATON ELECTRIC is an active enterprise in the KBO register.
- How many employees does EATON ELECTRIC have?
- EATON ELECTRIC had an average of 7.3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does EATON ELECTRIC fall under?
- In its 2024 annual accounts, EATON ELECTRIC states joint committees 200 (Auxiliary committee for white-collar workers) and 149.01 (Electricians: installation and distribution).
- What is the turnover of EATON ELECTRIC?
- The turnover of EATON ELECTRIC was €2.7m in financial year 2024, according to the filed annual accounts.
- Is EATON ELECTRIC profitable?
- In financial year 2024, EATON ELECTRIC made a profit of €589,814.
- Where can I find the annual accounts of EATON ELECTRIC?
- EATON ELECTRIC filed 46 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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