Equity
€4.1m ▲ 0.6%
Electramo paid out €275,000 in dividends. That is 92% of the 2025 profit.
Electramo
Lifetime
20 annual accounts with figures on one time axis, 48 filings since 1978peak €1.9m (2024)
€1.6m▼ 16.5%
peak €641,966 (2007)
€297,596▼ 53.3%
peak €4.1m (2025)
€4.1m▲ 0.6%
€1.3m▲ 61.1%
peak 14.4 FTE (2006)
9.1 FTE▼ 5.2%
Board5 names since 2019
3 directorsEuro Motors Company 2 and 2 others
Owners3 names in the annual accounts
Documentsfilings and deeds
03-06-202658 days before the deadline
2025abbreviated format
Gross margin from €1.9m to €1.6mResult from €637,776 to €297,5963 directors appointed, 2 resignations 24-01Dividend €275,000Debts from €802,389 to €1.3mCash from €175,925 to €237,237
Key points
from the 2025 annual accountsResult
€297,596 ▼ 53.3%
The result fell in 2025 from €637,776 to €297,596.
Turnover
≈ €2.7m estimated
The abbreviated format states no turnover.
Staff
9.1 FTE from 14.4 in 2006
Between 2006 and 2025, 37% of the full-time equivalents disappeared.
Filings
48 annual accounts since 1978
The last five annual accounts were filed 58 to 76 days before the end of the period.
Position in the sector
€4.1m
More equity than 95% of companies in electrical equipment. Sector median €375,528 · 150 companies.
Checked score
95
Excellent
Financially stronger than 59% of micro companies in electrical equipment (NACE 27)
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: 0.6% across 437 companies (NACE 27, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: 0.1%▲ +0.1 percentage points vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026highest value
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Size: 9.1 FTE, total assets €5.4m
Founded in 1975
Equity €4.1m (75.8% of total assets)
Profit of €297,596 (financial year 2025)
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 27, micro). It does better than 89% of them on solvency, 42% on liquidity, 60% on profitability and 43% on growth.
The bankruptcy probability was computed on 08-11-2026 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 Electramo 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 Electramo 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 Electramo. 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 €380,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.46 (4.95 in 2024), above the usual 1.5. Short-term debt is 23.9% and cash 4.4% of total assets. 24.2% 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
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 days early
2024
72 days early
2023
69 days early
2022
76 days early
2021
59 days early
2020
67 days early
2019
59 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 66 days before the deadline. In the sector (NACE 27), the median for financial year 2024 was 6 days before the deadline, and 37% 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 24 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- EURO MOTORS COMPANY 100%deed of 25-04-2024
- Euro Motors Company 2 100%equity €541,076 (2025) · 2025 annual accounts of Euro Motors Company 2
- Electramo Nederland consolidatesannual accounts 2008
Recent changes
3 directors appointed, 2 resignations
Resignations: EURO MOTORS COMPANY NV (managing director) and Pascale Diels · Permanent representatives: Christophe Diels and Nicolas Van der Wee · Appointments: Euro Motors Company 2 BV (managing director), Christophe Diels and Pascale Diels · General meeting of 20-12-2024 · Gazette deed
Amendment of the articles
EURO MOTORS COMPANY holds all the shares · Gazette deed
Resignation: Helsen Maria (managing director)
Permanent representative: Diels Christophe · General meeting of 23-10-2020 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0414941452
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Electramo Malle | €5.4m | €1.6m | 75.8% | 9.1 |
| DRYTEC Sprimont | €3.7m | €0.9m | 81.1% | 13 |
| Autrosystems Merelbeke-Melle | €3.4m | €1.9m | 58.1% | 14.8 |
| DRUGMAND & MEERT Molenbeek-Saint-Jean | €4.2m | €0.8m | 25.3% | 7.2 |
| ELECTROVA Oudenaarde | €2.6m | €0.9m | 82.8% | 7.8 |
| ELECTRO CABLAGE SERVICE Mechelen | €2.3m | €1.6m | 5.6% | 22.8 |
| PIESSENS ELECTRO INDUSTRIE Sint-Niklaas | €2.4m | €1.0m | 45.8% | 14.2 |
These companies have the same main activity as Electramo: manufacture of electrical equipment (NACE 27110). They are comparable in size and age: total assets between €2.3m and €4.2m, founded between 1948 and 1992.
Official details
Source: KBO- Status
- Active since 01-03-1975Normal situation
- Activity
- Manufacture of electrical equipmentNACE 27110
- Joint committees
- 200Auxiliary committee for white-collar workers
- 149.01Electricians: installation and distribution · annual accounts 2025
- Establishment unit
- 2.038.294.6522390 Malle, since 01-03-1976
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- €5.4m▲ 10.6%
- Employeeson 31-12-2025
- 10▼ 9.1%
- Filing
- Filed on 03-06-2026, 58 days before the end of the filing period
Insights on Electramo
Electramo files the abbreviated format. That format states no turnover. The gross margin rose from €1.2m in 2006 to €1.6m in 2025.
EURO MOTORS COMPANY holds all the shares. In January 2025, the Official Gazette published the appointment of Euro Motors Company 2 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 Electramo
- What is the company number of Electramo?
- The company number of Electramo is 0414.941.452. The VAT number is the same number with BE in front: BE 0414.941.452.
- Where is Electramo based?
- The registered office is at Industrieweg 14, 2390 Malle.Company details
- What does Electramo do?
- According to the KBO register, the main activity is manufacture of electrical equipment (NACE 27110).
- What is the legal form of Electramo?
- Electramo is a public limited company (NV).
- When was Electramo founded?
- Electramo was founded on 01-03-1975.
- Is Electramo still active?
- Yes, Electramo is an active enterprise in the KBO register.
- How many employees does Electramo have?
- Electramo had an average of 9.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Electramo fall under?
- In its 2025 annual accounts, Electramo states joint committees 200 (Auxiliary committee for white-collar workers) and 149.01 (Electricians: installation and distribution).
- What is the turnover of Electramo?
- The turnover in financial year 2025 is ≈ €2.7m. This figure is estimated from the gross margin of €1.6m and 1,585 comparable companies of the same size. It probably lies between €1.9m and €4.5m. It is a rough estimate.
- Is Electramo profitable?
- In financial year 2025, Electramo made a profit of €297,596.
- Where can I find the annual accounts of Electramo?
- Electramo filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Electramo due?
- Electramo must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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