ELATRIK
ActiveSummary
The computed 12-month bankruptcy probability of ELATRIK is 2.2% (moderate). The 2025 annual accounts show equity of €28,032 and a net result of €1,399. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 27% of 28184 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability61▼-12
Solvency50▼-17
Growth78=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.74 in 2024; short-term debt: 27.9% and cash: 0% of total assets), and 74.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · 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
25.2%
Return on assets
1.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-05-2026, 80 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
80 d early
2024
76 d early
2023
13 d early
2022
56 d early
2021
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 45 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€28,032▲ 5.3%
2024 · €26,633
Total assets
€111,242▲ 77.5%
2024 · €62,685
Net result
€1,399▼ 36.9%
2024 · €2,216
Working capital
€3,220▼ 80.6%
2024 · €16,577
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€153-€22,466▲ 14,624%€11,446▼ 49.1%€5,252▼ 54.1%€5,466▲ 4.1%
Net result€147below the sector's middle half-€17,991within the sector's middle half▲ 12,174%€8,397within the sector's middle half▼ 53.3%€2,216within the sector's middle half▼ 73.6%€1,399within the sector's middle half▼ 36.9%
Equity€2,147below the sector's middle half-€20,138below the sector's middle half▲ 838%€28,534within the sector's middle half▲ 41.7%€26,633within the sector's middle half▼ 6.7%€28,032within the sector's middle half▲ 5.3%
Total assets€7,894below the sector's middle half-€30,854below the sector's middle half▲ 291%€64,099below the sector's middle half▲ 108%€62,685below the sector's middle half▼ 2.2%€111,242within the sector's middle half▲ 77.5%
Debt€5,747-€10,716▲ 86.5%€35,564▲ 232%€36,052▲ 1.4%€83,211▲ 131%
Working capital€468-€10,557▲ 2,156%€13,643▲ 29.2%€16,577▲ 21.5%€3,220▼ 80.6%
Solvency27.2%within the sector's middle half-65.3%within the sector's middle half▲ 38.1pp44.5%within the sector's middle half▼ 20.8pp42.5%within the sector's middle half▼ 2.0pp25.2%within the sector's middle half▼ 17.3pp
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 recovers in 2025; 2025 is 4% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €111,242
Fixed assets
€76,958 ▲ 223%
Current assets
€34,285 ▼ 11.8%
Equity and liabilities €111,242
Equity
€28,032 ▲ 5.3%
Debt
€83,211 ▲ 131%
Debt's share of the balance-sheet total rises from 57.5% to 74.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14,680▼
2024 · €15,165
Cash flow
€10,613▼
2024 · €12,129
Current ratio
1.10▼
2024 · 1.74
Quick ratio
0.55▼
2024 · 1.43
Debt to equity
2.97▲
2024 · 1.35
ROE
5.0%▼
2024 · 8.3%
ROA
1.3%▼
2024 · 3.5%
Interest coverage
4.86▼
2024 · 8.56
Debt ≤ 1 year
€31,065▲
2024 · €22,278
Debt > 1 year
€52,039▲
2024 · €13,774
Income taxes
€1,068▼
2024 · €1,265
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,541 companies that looked in July 2024 the way this one looks now, 3.3% went bankrupt within 24 months and 95% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
3.3%
went bankrupt
1.1%
stopped otherwise
95%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,541 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56 | €2,335 | €6,980 | €9,913 | €9,215 | ▼ 7.0% |
| Other operating charges640/8 | - | €233 | €574 | €840 | €976 | ▲ 16.3% |
| Non-recurring operating charges66A | - | - | €2,028 | €0 | €7,200 | - |
| Gross operating margin9900 | €209 | €25,035 | €21,028 | €16,004 | €22,856 | ▲ 42.8% |
| Operating profit (loss)9901 | €153 | €22,466 | €11,446 | €5,252 | €5,466 | ▲ 4.1% |
| Financial income75/76B | - | €0 | €2 | €0 | €25 | - |
| Recurring financial income75 | - | €0 | €2 | €0 | €25 | - |
| Financial charges65/66B | €6 | €32 | €1,185 | €1,771 | €3,024 | ▲ 70.8% |
| Recurring financial charges65 | €6 | €32 | €1,185 | €1,771 | €3,024 | ▲ 70.8% |
| Profit (loss) for the period before taxes9903 | €147 | €22,435 | €10,264 | €3,481 | €2,467 | ▼ 29.1% |
| Income taxes67/77 | - | €4,443 | €1,867 | €1,265 | €1,068 | ▼ 15.6% |
| Profit (loss) for the period9904 | €147 | €17,991 | €8,397 | €2,216 | €1,399 | ▼ 36.9% |
| Profit (loss) for the period to be appropriated9905 | €147 | €17,991 | €8,397 | €2,216 | €1,399 | ▼ 36.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7,894 | €30,854 | €64,099 | €62,685 | €111,242 | ▲ 77.5% |
| Fixed assets21/28 | €1,679 | €9,581 | €33,744 | €23,831 | €76,958 | ▲ 223% |
| Tangible fixed assets22/27 | €1,679 | €9,581 | €33,744 | €23,831 | €76,958 | ▲ 223% |
| Land and buildings22 | - | - | - | - | €59,170 | - |
| Plant, machinery and equipment23 | €699 | €5,809 | €3,537 | €1,292 | €1,421 | ▲ 10.0% |
| Furniture and vehicles24 | €980 | €3,772 | €2,945 | €1,381 | €1,314 | ▼ 4.9% |
| Leasing and similar rights25 | - | - | €27,261 | €21,157 | €15,052 | ▼ 28.9% |
| Current assets29/58 | €6,215 | €21,273 | €30,355 | €38,855 | €34,285 | ▼ 11.8% |
| Stocks and contracts in progress3 | - | €2,000 | €8,214 | €6,891 | €17,161 | ▲ 149% |
| Stocks30/36 | - | €2,000 | €8,214 | €6,891 | €17,161 | ▲ 149% |
| Amounts receivable within one year40/41 | €5,141 | €12,312 | €10,036 | €23,998 | €16,263 | ▼ 32.2% |
| Trade receivables40 | €3,798 | €10,203 | €8,099 | €19,437 | €5,838 | ▼ 70.0% |
| Other amounts receivable41 | €1,343 | €2,109 | €1,937 | €4,561 | €10,425 | ▲ 129% |
| Cash at bank and in hand54/58 | €701 | €6,585 | €9,989 | €6,807 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | €374 | €376 | €2,115 | €1,159 | €861 | ▼ 25.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7,894 | €30,854 | €64,099 | €62,685 | €111,242 | ▲ 77.5% |
| Equity10/15 | €2,147 | €20,138 | €28,534 | €26,633 | €28,032 | ▲ 5.3% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €147 | €18,138 | €26,534 | €24,633 | €26,032 | ▲ 5.7% |
| Amounts payable17/49 | €5,747 | €10,716 | €35,564 | €36,052 | €83,211 | ▲ 131% |
| Amounts payable after more than one year17 | - | - | €18,852 | €13,774 | €52,039 | ▲ 278% |
| Financial debts170/4 | - | - | €18,852 | €13,774 | €52,039 | ▲ 278% |
| Amounts payable within one year42/48 | €5,747 | €10,716 | €16,712 | €22,278 | €31,065 | ▲ 39.4% |
| Current portion of amounts payable after more than one year42 | - | - | €4,748 | €5,077 | €9,675 | ▲ 90.5% |
| Financial debts43 | - | - | - | - | €52 | - |
| Credit institutions430/8 | - | - | - | - | €52 | - |
| Trade debts44 | €653 | €3,245 | €4,581 | €16,193 | €21,210 | ▲ 31.0% |
| Suppliers440/4 | €653 | €3,245 | €4,581 | €16,193 | €21,210 | ▲ 31.0% |
| Taxes, remuneration and social security45 | €2,015 | €4,443 | €6,597 | €0 | €17 | - |
| Taxes450/3 | - | €4,443 | €6,597 | €0 | €17 | - |
| Remuneration and social security454/9 | €2,015 | €0 | - | - | - | - |
| Other amounts payable47/48 | €3,080 | €3,028 | €786 | €1,007 | €112 | ▼ 88.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €107 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €147 | €17,991 | €8,397 | €2,216 | €1,399 | ▼ 36.9% |
| + Depreciation and write-downs630 | €56 | €2,335 | €6,980 | €9,913 | €9,215 | ▼ 7.0% |
| Operating cash flow (approximation) | €203 | €20,327 | €15,377 | €12,129 | €10,613 | ▼ 12.5% |
| Investment in fixed assets (approximation) | - | -€10,238 | -€31,143 | €0 | -€62,342 | - |
| Change in cash | - | €5,885 | €3,404 | -€3,182 | -€6,807 | ▼ 114% |
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
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €17,991 ▲12,174%
Operating result €22,466, net result €17,991, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Turnhout · 1 establishment unit since 2021
Ground area
293 m²
Building footprint
94 m²
Volume, LiDAR
537 m³
Parcel 13453O0707/00V002, Flanders · tallest building 10.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ELATRIK
since 20212.323.644.896
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0707/00V002 | Flanders | 293 m² | 1 · 94 m² | 10.5 m · 1 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 22,831 companies in sector 43211 we hold annual accounts for 10,335. 7,880 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
Founded27-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0776558244
Also
9925:BE0776558244
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.