Equity
€1.9m ▲ 10.5%
E.A.V. has made a profit without a break since 2020.
E.A.V.
Lifetime
20 annual accounts with figures on one time axis, 48 filings since 1977peak €1.3m (2023)
€1.1m▼ 12.2%
lowest -€561,505 (2019)
€180,581▼ 37.7%
peak €1.9m (2025)
€1.9m▲ 10.5%
€1.7m▲ 62.0%
peak 9.4 FTE (2024)
8.8 FTE▼ 6.4%
Board8 names since 2019
3 directorsPaul Van Eetvelt and 2 others
Owners6 names in the annual accounts
Documentsfilings and deeds
10-08-202610 days late
2025financial year
Gross margin from €1.2m to €1.1mResult from €289,861 to €180,581Purpose change · Amendment of the articles 25-041 director appointed 31-03Appointment: PwC Bedrijfsrevisoren (statutory auditor) 26-03Debts from €1.0m to €1.7m
Key points
from the 2025 annual accountsResult
€180,581 ▼ 37.7%
The result fell in 2025 from €289,861 to €180,581.
Turnover
≈ €4.6m estimated
The accounts state no turnover.
Debts
€1.7m ▲ 62.0%
Debts rose by €636,662 in 2025.
Filings
48 annual accounts since 1977
Two of the last ten came late. The 2022 accounts came latest: 11 days after the end of the period.
Position in the sector
€1.1m
Higher gross margin than 80% of companies in wholesale trade. Sector median €354,372 · 3,325 companies.
Checked score
93
Excellent
Financially stronger than 55% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,892 companies (NACE 46, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%▲ +0.1 percentage points vs 07-2025highest value
09-2025: 0.2%▼ -0.2 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026
09-2026: 0.1%▼ -0.3 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 2.10, cash €161,432
lowers risk
Founded in 1976
Profit of €180,581 (financial year 2025)
Size: 8.8 FTE, total assets €3.6m
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 46, micro). It does better than 60% of them on solvency, 30% on liquidity, 64% on profitability and 65% on growth.
The bankruptcy probability was computed on 07-11-2026 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, 31,368 companies had the same profile as E.A.V. 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.
That fits the bankruptcy probability of E.A.V. itself: 0.1% 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 31,368 companies, not a prediction for E.A.V.. 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 €170,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.1 (2.58 in 2024), above the usual 1.5. Short-term debt is 46.4% and cash 4.5% of total assets. 46.7% 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 10 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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
10 days late
2024
on the day
2023
33 days early
2022
11 days late
2021
33 days early
2020
17 days early
2019
36 days early
← 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 14 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 31 July (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
PB
Parisian BidCo SAS
Director, Mathieu Sarday, since 12-09-2023
Recent changes
Purpose change · Amendment of the articles
“De in- en uitvoer en de handel in alle elektrische materiaal; 1) zowel in België als in het buitenland, onder…” (deed in Dutch) · General meeting of 11-04-2025 · Gazette deed
1 director appointed
Permanent representatives: Alper Turken and Thibaud Lanaspre · Robert Kresing · General meeting of 17-02-2025 · Gazette deed
Appointment: PwC Bedrijfsrevisoren (statutory auditor)
General meeting of 19-06-2024 · Gazette deed
Permanent representatives: Thibaud Lanaspre and Grégory Voisin
General meeting of 30-10-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| E.A.V. Ghent | €3.6m | €1.1m | 53.3% | 8.8 |
| LEON JANSSEN en Co Ghent | €3.0m | €1.1m | 42.6% | 8.5 |
| HUPPERTZ Antwerp | €4.1m | €1.3m | 47.1% | 9.2 |
| OMRON ELECTRONICS Ghent | €2.6m | €1.2m | 34.0% | 6.5 |
| Lectra Benelux Ghent | €4.3m | €1.7m | 44.9% | 11.9 |
| AUXIMECA FILTERS Schoten | €2.9m | €0.9m | 20.4% | 9.5 |
| Schmersal Belgium Aarschot | €3.5m | €1.6m | 62.7% | 9.1 |
These companies have the same main activity as E.A.V.: wholesale of electrical equipment, including installation materials (NACE 46643). They are comparable in size and age: total assets between €2.6m and €4.3m, founded between 1968 and 1982.
Official details
Source: KBO- Status
- Active since 28-01-1976Normal situation
- Activity
- Wholesale of electrical equipment, including installation materialsNACE 46643
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2023
- Establishment unit
- 2.012.254.9049051 Ghent, since 28-01-1976
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on E.A.V.
E.A.V. has existed since 1976. The gross margin grew from €590,928 in 2006 to €1.1m in 2025 and staff from 6.8 to 8.8 full-time equivalents.
Solvency fell in 2025 from 62.6% to 53.3% because of higher debts to suppliers.
In February 2022, the Official Gazette published the appointment of Paul Van Eetvelt as managing director.
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.A.V.
- What is the company number of E.A.V.?
- The company number of E.A.V. is 0416.039.928. The VAT number is the same number with BE in front: BE 0416.039.928.
- Where is E.A.V. based?
- The registered office is at Bijenstraat 5, 9051 Ghent.Company details
- What does E.A.V. do?
- According to the KBO register, the main activity is wholesale of electrical equipment, including installation materials (NACE 46643).
- What is the legal form of E.A.V.?
- E.A.V. is a public limited company (NV).
- When was E.A.V. founded?
- E.A.V. was founded on 28-01-1976.
- Is E.A.V. still active?
- Yes, E.A.V. is an active enterprise in the KBO register.
- How many employees does E.A.V. have?
- E.A.V. had an average of 8.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does E.A.V. fall under?
- In its 2023 annual accounts, E.A.V. states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of E.A.V.?
- The turnover in financial year 2025 is ≈ €4.6m. This figure is estimated from the gross margin of €1.1m and 98 comparable companies (NACE 46). It probably lies between €2.8m and €7.8m. In financial year 2021 turnover was €4.9m.
- Is E.A.V. profitable?
- In financial year 2025, E.A.V. made a profit of €180,581.
- Where can I find the annual accounts of E.A.V.?
- E.A.V. filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of E.A.V. due?
- E.A.V. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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