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 €55,434 and a net result of €29,964. Equity is growing by ~27.7% per year across the filed fiscal years. Its solvency ranks better than 25% of 28281 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 €3,500 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 28281 sector peers (2025).
NBB · sector comparisonPosition among 28281 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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 20 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€55,434▲ 88.1%
2024 · €29,470
Total assets
€234,403▲ 9.8%
2024 · €213,400
Net result
€29,964
2024 · -€7,202
Working capital
-€80,870▲ 27.3%
2024 · -€111,240
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,336€11,750▼ 23.4%€5,566▼ 52.6%-€1,431€29,414
Net result€15,079within the sector's middle half€12,492within the sector's middle half▼ 17.2%€7,805within the sector's middle half▼ 37.5%-€7,202below the sector's middle half€29,964above the sector's middle half
Equity€16,376below the sector's middle half▲ 1,162%€28,867within the sector's middle half▲ 76.3%€36,672within the sector's middle half▲ 27.0%€29,470within the sector's middle half▼ 19.6%€55,434within the sector's middle half▲ 88.1%
Total assets€245,658within the sector's middle half▼ 41.5%€168,089within the sector's middle half▼ 31.6%€226,897within the sector's middle half▲ 35.0%€213,400within the sector's middle half▼ 5.9%€234,403within the sector's middle half▲ 9.8%
Debt€229,282▼ 45.3%€139,221▼ 39.3%€190,224▲ 36.6%€183,930▼ 3.3%€178,970▼ 2.7%
Working capital-€163,376below the sector's middle half▲ 8.7%-€120,175below the sector's middle half▲ 26.4%-€112,965below the sector's middle half▲ 6.0%-€111,240below the sector's middle half▲ 1.5%-€80,870below the sector's middle half▲ 27.3%
Solvency6.7%below the sector's middle half▲ 6.4pp17.2%below the sector's middle half▲ 10.5pp16.2%below the sector's middle half▼ 1.0pp13.8%below the sector's middle half▼ 2.4pp23.6%below the sector's middle half▲ 9.8pp
Current ratio0.27below the sector's middle half▼ 0.300.12below the sector's middle half▼ 0.160.41below the sector's middle half▲ 0.290.40below the sector's middle half▼ 0.010.55below the sector's middle half▲ 0.15
Return on assets (ROA)6.1%within the sector's middle half▲ 7.6pp7.4%within the sector's middle half▲ 1.3pp3.4%within the sector's middle half▼ 4.0pp-3.4%below the sector's middle half▼ 6.8pp12.8%within the sector's middle half▲ 16.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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: €29,414 after a loss of €1,431 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €234,403
Fixed assets
€136,304 ▼ 3.1%
Current assets
€98,099 ▲ 35.0%
Equity and liabilities €234,403
Equity
€55,434 ▲ 88.1%
Debt
€178,970 ▼ 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
€36,132▲
2024 · €8,152
Cash flow
€36,682▲
2024 · €2,381
Debt to equity
3.23▼
2024 · 6.24
ROE
54.1%▲
2024 · -24.4%
Interest coverage
764.70▲
2024 · 26.64
Debt ≤ 1 year
€178,970▼
2024 · €183,930
Income taxes
-€594▼
2024 · €5,466
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.4%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,053 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
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 | €14,032 | €9,035 | €8,779 | €9,584 | €6,718 | ▼ 29.9% |
| Other operating charges640/8 | - | €2,646 | €1,763 | €1,851 | €2,461 | ▲ 32.9% |
| Gross operating margin9900 | €30,524 | €23,853 | €16,108 | €10,004 | €38,593 | ▲ 286% |
| Operating profit (loss)9901 | €15,336 | €11,750 | €5,566 | -€1,431 | €29,414 | ▲ 2,155% |
| Financial income75/76B | - | €7,103 | €0 | €1 | €3 | ▲ 165% |
| Recurring financial income75 | - | €11 | €0 | €1 | €3 | ▲ 165% |
| Non-recurring financial income76B | - | €7,091 | - | - | - | - |
| 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 | €15,079 | €18,677 | €5,400 | -€1,736 | €29,370 | ▲ 1,792% |
| Income taxes67/77 | - | €6,186 | -€2,404 | €5,466 | -€594 | ▼ 111% |
| Profit (loss) for the period9904 | €15,079 | €12,492 | €7,805 | -€7,202 | €29,964 | ▲ 516% |
| Profit (loss) for the period to be appropriated9905 | €15,079 | €12,492 | €7,805 | -€7,202 | €29,964 | ▲ 516% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €245,658 | €168,089 | €226,897 | €213,400 | €234,403 | ▲ 9.8% |
| Fixed assets21/28 | €183,752 | €151,808 | €149,637 | €140,710 | €136,304 | ▼ 3.1% |
| Tangible fixed assets22/27 | €183,752 | €151,808 | €149,637 | €140,710 | €136,304 | ▼ 3.1% |
| Land and buildings22 | - | €144,935 | €140,176 | €135,416 | €130,657 | ▼ 3.5% |
| Furniture and vehicles24 | - | €6,361 | €9,206 | €5,293 | €5,647 | ▲ 6.7% |
| Other tangible fixed assets26 | - | €512 | €256 | €0 | - | - |
| Current assets29/58 | €61,906 | €16,280 | €77,259 | €72,690 | €98,099 | ▲ 35.0% |
| Amounts receivable within one year40/41 | €6,050 | €6,927 | €7,682 | €7,298 | €14,016 | ▲ 92.0% |
| Trade receivables40 | - | €6,655 | €7,260 | €7,260 | €13,470 | ▲ 85.5% |
| Other amounts receivable41 | - | €272 | €422 | €38 | €546 | ▲ 1,321% |
| Cash at bank and in hand54/58 | €55,856 | €9,353 | €68,614 | €63,746 | €82,548 | ▲ 29.5% |
| Deferred charges and accrued income490/1 | - | - | €964 | €1,646 | €1,535 | ▼ 6.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €245,658 | €168,089 | €226,897 | €213,400 | €234,403 | ▲ 9.8% |
| Equity10/15 | €16,376 | €28,867 | €36,672 | €29,470 | €55,434 | ▲ 88.1% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Outside capital11 | - | €20,000 | - | - | - | - |
| Share premium1100/10 | - | €20,000 | - | - | - | - |
| Reserves13 | €12,000 | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€15,624 | -€3,133 | €4,672 | -€2,530 | €23,434 | ▲ 1,026% |
| Amounts payable17/49 | €229,282 | €139,221 | €190,224 | €183,930 | €178,970 | ▼ 2.7% |
| Amounts payable after more than one year17 | €4,000 | €2,687 | €0 | - | - | - |
| Financial debts170/4 | - | €2,687 | €0 | - | - | - |
| Amounts payable within one year42/48 | €225,282 | €136,455 | €190,224 | €183,930 | €178,970 | ▼ 2.7% |
| Current portion of amounts payable after more than one year42 | - | - | €1,354 | €0 | - | - |
| Trade debts44 | €395 | €2,385 | €1,623 | €3,222 | €302 | ▼ 90.6% |
| Suppliers440/4 | - | €2,385 | €1,623 | €3,222 | €302 | ▼ 90.6% |
| Taxes, remuneration and social security45 | - | €9,541 | €5,486 | €3,804 | €4,937 | ▲ 29.8% |
| Taxes450/3 | - | - | €5,486 | €3,804 | €4,937 | ▲ 29.8% |
| Remuneration and social security454/9 | - | €9,541 | - | - | - | - |
| Other amounts payable47/48 | - | €124,529 | €181,760 | €176,904 | €173,730 | ▼ 1.8% |
| Accrued charges and deferred income492/3 | - | €79 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,079 | €12,492 | €7,805 | -€7,202 | €29,964 | ▲ 516% |
| + Depreciation and write-downs630 | €14,032 | €9,035 | €8,779 | €9,584 | €6,718 | ▼ 29.9% |
| Operating cash flow (approximation) | €29,111 | €21,527 | €16,584 | €2,381 | €36,682 | ▲ 1,440% |
| Investment in fixed assets (approximation) | - | €22,909 | -€6,608 | -€656 | -€2,312 | ▼ 252% |
| Change in cash | - | -€46,503 | €59,260 | -€4,868 | €18,803 | ▲ 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 · Shareholding
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €29,964
Net result €29,964 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 €15,079
Net result €15,079 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 22,829 companies in sector 43211 we hold annual accounts for 10,334. 8,630 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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0886773604
Also
9925:BE0886773604
Registered
05-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.