Elben Technics
ActiveSummary
Elben Technics has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €356,011 and a net result of €51,231. Equity is growing by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 67% of 406 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-4
Solvency79▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.06 against 1.76 in 2024; short-term debt: 46% and cash: 24.5% of total assets), and 46% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% 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
54%
Return on assets
7.8%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
41 d late
2024
on the day
2023
34 d late
2022
68 d late
2021
2 d early
2020
23 d late
2019
10 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 22 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% 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. Usually files around 4 September (4 of the last 5 filed years within 35 days of that day).
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, abbreviated schema
Equity
€356,011▲ 16.8%
2024 · €304,780
Total assets
€659,442▲ 2.1%
2024 · €645,891
Net result
€51,231▼ 24.7%
2024 · €68,046
Working capital
€320,212▲ 23.2%
2024 · €260,016
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, 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€48,914▼ 58.8%€84,620▲ 73.0%€24,088▼ 71.5%€105,454▲ 338%€61,569▼ 41.6%
Net result€27,547within the sector's middle half▼ 69.4%€62,771within the sector's middle half▲ 128%€5,409below the sector's middle half▼ 91.4%€68,046within the sector's middle half▲ 1,158%€51,231within the sector's middle half▼ 24.7%
Equity€168,554above the sector's middle half▲ 19.5%€231,325within the sector's middle half▲ 37.2%€236,734within the sector's middle half▲ 2.3%€304,780within the sector's middle half▲ 28.7%€356,011within the sector's middle half▲ 16.8%
Total assets€508,048above the sector's middle half▲ 36.2%€520,806below the sector's middle half▲ 2.5%€522,401below the sector's middle half▲ 0.3%€645,891below the sector's middle half▲ 23.6%€659,442within the sector's middle half▲ 2.1%
Debt€339,494▲ 46.3%€289,481▼ 14.7%€285,667▼ 1.3%€341,111▲ 19.4%€303,431▼ 11.0%
Working capital€18,743within the sector's middle half-€35,320below the sector's middle half€182,893within the sector's middle half€260,016within the sector's middle half▲ 42.2%€320,212within the sector's middle half▲ 23.2%
Solvency33.2%within the sector's middle half▼ 4.6pp44.4%within the sector's middle half▲ 11.2pp45.3%within the sector's middle half▲ 0.9pp47.2%within the sector's middle half▲ 1.9pp54.0%within the sector's middle half▲ 6.8pp
Current ratio1.06below the sector's middle half▲ 0.250.86below the sector's middle half▼ 0.201.67within the sector's middle half▲ 0.801.76within the sector's middle half▲ 0.102.06within the sector's middle half▲ 0.29
Return on assets (ROA)5.4%within the sector's middle half▼ 18.7pp12.1%within the sector's middle half▲ 6.6pp1.0%below the sector's middle half▼ 11.0pp10.5%within the sector's middle half▲ 9.5pp7.8%within the sector's middle half▼ 2.8pp
Staff (FTE)9.9▲ 19.3%11.3within the sector's middle half▲ 14.1%10.4within the sector's middle half▼ 8.0%13.6within the sector's middle half▲ 30.8%13.1within the sector's middle half▼ 3.7%
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 42% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €659,442
Fixed assets
€35,799 ▼ 20.0%
Current assets
€623,643 ▲ 3.7%
Equity and liabilities €659,442
Equity
€356,011 ▲ 16.8%
Debt
€303,431 ▼ 11.0%
Debt's share of the balance-sheet total falls from 52.8% to 46.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€77,208▼
2024 · €139,081
Cash flow
€66,870▼
2024 · €101,673
Debt to equity
0.85▼
2024 · 1.12
ROE
14.4%▼
2024 · 22.3%
Interest coverage
351.44▲
2024 · 66.08
Debt ≤ 1 year
€303,431▼
2024 · €341,111
Income taxes
€10,183▼
2024 · €35,628
Staff costs
€774,257▼
2024 · €796,832
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 17,810 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 | - | - | €81,876 | - | €35,950 | - |
| Remuneration, social security and pensions62 | €432,189 | €541,065 | €646,036 | €796,832 | €774,257 | ▼ 2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,714 | €45,301 | €28,825 | €33,627 | €15,639 | ▼ 53.5% |
| Other operating charges640/8 | €8,714 | €12,613 | €9,273 | €17,613 | €5,504 | ▼ 68.8% |
| Non-recurring operating charges66A | €7,347 | €19,395 | €1,510 | €3,171 | €15,788 | ▲ 398% |
| Gross operating margin9900 | €540,877 | €702,995 | €709,731 | €956,697 | €872,757 | ▼ 8.8% |
| Operating profit (loss)9901 | €48,914 | €84,620 | €24,088 | €105,454 | €61,569 | ▼ 41.6% |
| Financial income75/76B | €163 | €286 | €239 | €325 | €64 | ▼ 80.3% |
| Recurring financial income75 | €163 | €286 | €239 | €325 | €64 | ▼ 80.3% |
| Financial charges65/66B | €5,790 | €1,009 | €1,507 | €2,105 | €220 | ▼ 89.6% |
| Recurring financial charges65 | €5,790 | €1,009 | €1,507 | €2,105 | €220 | ▼ 89.6% |
| Profit (loss) for the period before taxes9903 | €43,286 | €83,897 | €22,820 | €103,674 | €61,414 | ▼ 40.8% |
| Income taxes67/77 | €15,739 | €21,126 | €17,411 | €35,628 | €10,183 | ▼ 71.4% |
| Profit (loss) for the period9904 | €27,547 | €62,771 | €5,409 | €68,046 | €51,231 | ▼ 24.7% |
| Profit (loss) for the period to be appropriated9905 | €27,547 | €62,771 | €5,409 | €68,046 | €51,231 | ▼ 24.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €508,048 | €520,806 | €522,401 | €645,891 | €659,442 | ▲ 2.1% |
| Fixed assets21/28 | €199,545 | €303,397 | €64,491 | €44,764 | €35,799 | ▼ 20.0% |
| Tangible fixed assets22/27 | €198,515 | €299,867 | €60,961 | €41,234 | €32,269 | ▼ 21.7% |
| Land and buildings22 | €108,747 | €229,826 | - | - | - | - |
| Plant, machinery and equipment23 | €10,705 | €5,134 | €3,612 | €2,090 | €568 | ▼ 72.8% |
| Furniture and vehicles24 | €32,072 | €33,581 | €41,685 | €39,144 | €31,701 | ▼ 19.0% |
| Leasing and similar rights25 | €46,991 | €31,328 | €15,664 | - | - | - |
| Financial fixed assets28 | €1,030 | €3,530 | €3,530 | €3,530 | €3,530 | = |
| Current assets29/58 | €308,503 | €217,409 | €457,910 | €601,127 | €623,643 | ▲ 3.7% |
| Amounts receivable within one year40/41 | €113,210 | €193,368 | €151,220 | €552,202 | €443,222 | ▼ 19.7% |
| Trade receivables40 | €101,962 | €159,554 | €130,610 | €488,464 | €359,307 | ▼ 26.4% |
| Other amounts receivable41 | €11,248 | €33,814 | €20,610 | €63,738 | €83,915 | ▲ 31.7% |
| Cash at bank and in hand54/58 | €186,604 | €24,041 | €306,690 | €46,589 | €161,326 | ▲ 246% |
| Deferred charges and accrued income490/1 | €8,689 | - | - | €2,335 | €19,095 | ▲ 718% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €508,048 | €520,806 | €522,401 | €645,891 | €659,442 | ▲ 2.1% |
| Equity10/15 | €168,554 | €231,325 | €236,734 | €304,780 | €356,011 | ▲ 16.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €12,400 | €12,400 | - | - | - | - |
| Reserves13 | €33,309 | €63,309 | €68,609 | €118,609 | €118,609 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €4,449 | €4,449 | €4,449 | €4,449 | €4,449 | = |
| Distributable reserves133 | €27,000 | €57,000 | €62,300 | €112,300 | €112,300 | = |
| Profit (loss) carried forward14 | €129,045 | €161,816 | €161,925 | €179,971 | €231,202 | ▲ 28.5% |
| Amounts payable17/49 | €339,494 | €289,481 | €285,667 | €341,111 | €303,431 | ▼ 11.0% |
| Amounts payable after more than one year17 | €38,509 | €25,526 | €10,649 | - | - | - |
| Financial debts170/4 | €38,509 | €25,526 | €10,649 | - | - | - |
| Amounts payable within one year42/48 | €289,759 | €252,729 | €275,018 | €341,111 | €303,431 | ▼ 11.0% |
| Current portion of amounts payable after more than one year42 | €12,796 | €12,982 | €12,982 | €10,649 | - | - |
| Financial debts43 | - | - | €189 | €109 | - | - |
| Credit institutions430/8 | - | - | €189 | €109 | - | - |
| Trade debts44 | €179,525 | €120,254 | €191,628 | €215,052 | €227,157 | ▲ 5.6% |
| Suppliers440/4 | €179,525 | €120,254 | €191,628 | €215,052 | €227,157 | ▲ 5.6% |
| Taxes, remuneration and social security45 | €85,881 | €107,658 | €57,651 | €95,139 | €59,823 | ▼ 37.1% |
| Taxes450/3 | €43,484 | €40,061 | €8,639 | €46,186 | €37,558 | ▼ 18.7% |
| Remuneration and social security454/9 | €42,397 | €67,597 | €49,012 | €48,952 | €22,265 | ▼ 54.5% |
| Other amounts payable47/48 | €11,557 | €11,835 | €12,568 | €20,161 | €16,451 | ▼ 18.4% |
| Accrued charges and deferred income492/3 | €11,226 | €11,226 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,547 | €62,771 | €5,409 | €68,046 | €51,231 | ▼ 24.7% |
| + Depreciation and write-downs630 | €43,714 | €45,301 | €28,825 | €33,627 | €15,639 | ▼ 53.5% |
| Operating cash flow (approximation) | €71,261 | €108,072 | €34,233 | €101,673 | €66,870 | ▼ 34.2% |
| Investment in fixed assets (approximation) | - | -€149,154 | €210,082 | -€13,900 | -€6,674 | ▲ 52.0% |
| Change in cash | - | -€162,564 | €282,650 | -€260,101 | €114,737 | ▲ 144% |
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
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 41 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 34 days late
2023
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 68 days late
2022
31-12
Financial
Equity above €200,000Eq €231,325 ▲37.2%
4 profitable years in a row build equity to €231,325.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €168,554 ▲19.5%
3 profitable years in a row build equity to €168,554.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Highest result since 2018net €90,093 ▲70.7%
Operating result €118,857, net result €90,093, both a record.
31-12
Financial
Equity above €100,000Eq €141,007 ▲177%
2 profitable years in a row build equity to €141,007.
21-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €52,771
Net result €52,771 after one loss-making year.
Show earlier events
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB 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, Lokeren · 1 establishment unit since 2011
Ground area
241 m²
Building footprint
137 m²
Volume, LiDAR
593 m³
Parcel 46382B0324/00M005, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Elben Technics
since 20112.203.061.129
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B0324/00M005 | Flanders | 241 m² | 1 · 137 m² | 7.9 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.
Recognitions · licences · registrations
Recognised contractor
2 categoriesElben Technics BV42167
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Of 1,823 companies in sector 42220 we hold annual accounts for 957. 592 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
Founded29-06-2011
Fiscal year end31-12
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0837368930
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.