EL. EDV
ActiveSummary
EL. EDV has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55k and a net result of €30k. Equity is growing by ~27.7% per year across the filed fiscal years. Its solvency ranks better than 25% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+20
Solvency49▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity short (current ratio 0.55 against 0.4 in 2024; short-term debt: 76.4% and cash: 35.2% of total assets), and 76.4% of the assets are financed with debt.
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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
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
23.6%
Return on assets
12.8%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
44 d early
2023
41 d early
2022
42 d early
2021
42 d early
2020
2 d early
2019
50 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Equity
€55k▲ 88.1%
2024 · €29k
Total assets
€234k▲ 9.8%
2024 · €213k
Net result
€30k
2024 · €-7k
Working capital
€-81k▲ 27.3%
2024 · €-111k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15k€12k▼ 23.4%€6k▼ 52.6%€-1k€29k
Net result€15k€12k▼ 17.2%€8k▼ 37.5%€-7k€30k
Equity€16k▲ 1,162%€29k▲ 76.3%€37k▲ 27.0%€29k▼ 19.6%€55k▲ 88.1%
Total assets€246k▼ 41.5%€168k▼ 31.6%€227k▲ 35.0%€213k▼ 5.9%€234k▲ 9.8%
Debt€229k▼ 45.3%€139k▼ 39.3%€190k▲ 36.6%€184k▼ 3.3%€179k▼ 2.7%
Working capital€-163k▲ 8.7%€-120k▲ 26.4%€-113k▲ 6.0%€-111k▲ 1.5%€-81k▲ 27.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €29k after a loss of €1k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €234k
Fixed assets
€136k ▼ 3.1%
Current assets
€98k ▲ 35.0%
Equity and liabilities €234k
Equity
€55k ▲ 88.1%
Debt
€179k ▼ 2.7%
Debt's share of the balance-sheet total falls from 86.2% to 76.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36k▲
2024 · €8k
Cash flow
€37k▲
2024 · €2k
Current ratio
0.55▲
2024 · 0.40
Debt to equity
3.23▼
2024 · 6.24
ROE
54.1%▲
2024 · -24.4%
ROA
12.8%▲
2024 · -3.4%
Interest coverage
764.70▲
2024 · 26.64
Debt ≤ 1 year
€179k▼
2024 · €184k
Income taxes
€-594▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €421 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €9k | €9k | €10k | €7k | ▼ 29.9% |
| Other operating charges640/8 | - | €3k | €2k | €2k | €2k | ▲ 32.9% |
| Gross operating margin9900 | €31k | €24k | €16k | €10k | €39k | ▲ 286% |
| Operating profit (loss)9901 | €15k | €12k | €6k | €-1k | €29k | ▲ 2,155% |
| Financial income75/76B | - | €7k | €0 | €1 | €3 | ▲ 165% |
| Recurring financial income75 | - | €11 | €0 | €1 | €3 | ▲ 165% |
| Non-recurring financial income76B | - | €7k | - | - | - | - |
| Financial charges65/66B | - | €176 | €165 | €306 | €47 | ▼ 84.6% |
| Recurring financial charges65 | €257 | €176 | €165 | €306 | €47 | ▼ 84.6% |
| Profit (loss) for the period before taxes9903 | €15k | €19k | €5k | €-2k | €29k | ▲ 1,792% |
| Income taxes67/77 | - | €6k | €-2k | €5k | €-594 | ▼ 111% |
| Profit (loss) for the period9904 | €15k | €12k | €8k | €-7k | €30k | ▲ 516% |
| Profit (loss) for the period to be appropriated9905 | €15k | €12k | €8k | €-7k | €30k | ▲ 516% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €246k | €168k | €227k | €213k | €234k | ▲ 9.8% |
| Fixed assets21/28 | €184k | €152k | €150k | €141k | €136k | ▼ 3.1% |
| Tangible fixed assets22/27 | €184k | €152k | €150k | €141k | €136k | ▼ 3.1% |
| Land and buildings22 | - | €145k | €140k | €135k | €131k | ▼ 3.5% |
| Furniture and vehicles24 | - | €6k | €9k | €5k | €6k | ▲ 6.7% |
| Other tangible fixed assets26 | - | €512 | €256 | €0 | - | - |
| Current assets29/58 | €62k | €16k | €77k | €73k | €98k | ▲ 35.0% |
| Amounts receivable within one year40/41 | €6k | €7k | €8k | €7k | €14k | ▲ 92.0% |
| Trade receivables40 | - | €7k | €7k | €7k | €13k | ▲ 85.5% |
| Other amounts receivable41 | - | €272 | €422 | €38 | €546 | ▲ 1,321% |
| Cash at bank and in hand54/58 | €56k | €9k | €69k | €64k | €83k | ▲ 29.5% |
| Deferred charges and accrued income490/1 | - | - | €964 | €2k | €2k | ▼ 6.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €246k | €168k | €227k | €213k | €234k | ▲ 9.8% |
| Equity10/15 | €16k | €29k | €37k | €29k | €55k | ▲ 88.1% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Outside capital11 | - | €20k | - | - | - | - |
| Share premium1100/10 | - | €20k | - | - | - | - |
| Reserves13 | €12k | €12k | €12k | €12k | €12k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €-16k | €-3k | €5k | €-3k | €23k | ▲ 1,026% |
| Amounts payable17/49 | €229k | €139k | €190k | €184k | €179k | ▼ 2.7% |
| Amounts payable after more than one year17 | €4k | €3k | €0 | - | - | - |
| Financial debts170/4 | - | €3k | €0 | - | - | - |
| Amounts payable within one year42/48 | €225k | €136k | €190k | €184k | €179k | ▼ 2.7% |
| Current portion of amounts payable after more than one year42 | - | - | €1k | €0 | - | - |
| Trade debts44 | €395 | €2k | €2k | €3k | €302 | ▼ 90.6% |
| Suppliers440/4 | - | €2k | €2k | €3k | €302 | ▼ 90.6% |
| Taxes, remuneration and social security45 | - | €10k | €5k | €4k | €5k | ▲ 29.8% |
| Taxes450/3 | - | - | €5k | €4k | €5k | ▲ 29.8% |
| Remuneration and social security454/9 | - | €10k | - | - | - | - |
| Other amounts payable47/48 | - | €125k | €182k | €177k | €174k | ▼ 1.8% |
| Accrued charges and deferred income492/3 | - | €79 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €12k | €8k | €-7k | €30k | ▲ 516% |
| + Depreciation and write-downs630 | €14k | €9k | €9k | €10k | €7k | ▼ 29.9% |
| Operating cash flow (approximation) | €29k | €22k | €17k | €2k | €37k | ▲ 1,440% |
| Investment in fixed assets (approximation) | - | €23k | €-7k | €-656 | €-2k | ▼ 252% |
| Change in cash | - | €-47k | €59k | €-5k | €19k | ▲ 486% |
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
Next filing, fiscal year 2026, expected by
2026
14-07
State Gazette act
Incorporation · Founder
Founding capital · Corporate purpose
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €15k
Net result €15k after 2 loss-making years.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
12-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
11-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Pajottegem · 1 establishment unit since 2007
Ground area
432 m²
Building footprint
100 m²
Volume, LiDAR
653 m³
Parcel 23042A0291/00V000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
EL. EDV
since 20072.163.767.320
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23042A0291/00V000 | Flanders | 432 m² | 1 · 100 m² | 10.4 m · 2 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.
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,328. 8,632 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-01-2007
Fiscal year end30-06
Trade name NL
Jeroen De Vroede
Activities, NACEBEL 2025
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.