ELECTRASTAR
InactiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 01-10-2025 PDF all 19 filings
Turnover
€1.9m▼ 25.2%
2024 · €2.6m
EBIT margin
8.9%▼ 38.3pp
2024 · 47.2%
Net result
€111,459▼ 87.6%
2024 · €895,831
Working capital
€1.6m▼ 77.8%
2024 · €7.3m
Multi-year overview
2018 to 2025, 7 financial yearsTurnover
€1.9m
▼ 25.2%
2025
20182025
Operating result
€169,855
▼ 85.9%
2025
20182025
Net result
€111,459
▼ 87.6%
2025
20182025
EBIT margin
8.9%
▼ 38.3pp
2025
20182025
Equity
€368,516
▼ 94.5%
2025
20182025
Total assets
€8.5m
▼ 19.9%
2025
20182025
Debt
€6.5m
▲ 173%
2025
20182025
Working capital
€1.6m
▼ 77.8%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202320242025
Turnover€4.4m-€4.9m▲ 12.9%€5.6m▲ 12.6%€3.5m▼ 37.5%€3.0m-€2.6m▼ 14.4%€1.9m▼ 25.2%
Operating result€1.7m-€2.0m▲ 16.4%€2.6m▲ 32.1%€0.4m▼ 83.2%€0.8m-€1.2m▲ 46.7%€0.2m▼ 85.9%
Net result€1.5m-€1.7m▲ 10.4%€2.1m▲ 26.3%€0.4m▼ 79.4%€0.6m-€0.9m▲ 46.8%€0.1m▼ 87.6%
EBIT margin38.9%-40.1%▲ 1.2pp47.1%▲ 6.9pp12.6%▼ 34.4pp27.6%-47.2%▲ 19.7pp8.9%▼ 38.3pp
Equity€7.5m-€7.7m▲ 2.9%€8.0m▲ 4.7%€7.9m▼ 2.1%€7.9m-€6.7m▼ 15.6%€0.4m▼ 94.5%
Total assets€12.7m-€12.7m▼ 0.3%€12.9m▲ 1.6%€11.1m▼ 13.8%€10.8m-€10.6m▼ 1.4%€8.5m▼ 19.9%
Debt€4.6m-€4.1m▼ 12.0%€3.6m▼ 11.5%€1.7m▼ 52.3%€1.4m-€2.4m▲ 76.6%€6.5m▲ 173%
Working capital€3.1m-€4.6m▲ 46.5%€6.1m▲ 33.6%€7.1m▲ 16.5%€7.9m-€7.3m▼ 7.8%€1.6m▼ 77.8%
The operating result for 2025 is 86% lower than in 2024 and the lowest since 2020.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.5m
Fixed assets
€390,929 ▼ 60.1%
Current assets
€8.1m ▼ 15.8%
Equity and liabilities €8.5m
Equity
€368,516 ▼ 94.5%
Provisions
€1.6m ▲ 2.6%
Debt
€6.5m ▲ 173%
Debt's share of the balance-sheet total rises from 22.4% to 76.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€739,675▼
2024 · €1.8m
Cash flow
€681,279▼
2024 · €1.5m
Current ratio
1.25▼
2024 · 4.05
Debt to equity
17.68▲
2024 · 0.36
ROE
30.2%▲
2024 · 13.5%
ROA
1.3%▼
2024 · 8.4%
Interest coverage
79.11▼
2024 · over 100
Debt ≤ 1 year
€6.5m▲
2024 · €2.4m
Income taxes
€39,401▼
2024 · €304,265
Customer credit
107 days▼
2024 · 135 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €611,799 | - | - | - |
| Mortgages, amount registered | €220,000 | - | - | - |
| Mortgage mandates | €24.3m | - | - | - |
| Carrying value of the mortgaged assets | €2.2m | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|---|
| Intangible fixed assets | €1,557 | - | - | - |
| Depreciation and write-downs of the year | €1.7m | €722,758 | €569,895 | €569,820 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|---|
| Fee for the audit | €5,355 | €6,153 | €6,451 | €6,100 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €3.6m | €3.0m | €2.8m | €1.9m | ▼ 30.6% |
| Turnover70 | €4.4m | €4.9m | €5.6m | €3.5m | €3.0m | €2.6m | €1.9m | ▼ 25.2% |
| Other operating income74 | - | - | - | €0.09m | - | €0.2m | €0.01m | ▼ 94.8% |
| Operating charges60/66A | - | - | - | €3.1m | €2.2m | €1.6m | €1.8m | ▲ 12.1% |
| Services and other goods61 | - | - | - | €1.1m | €1.4m | €0.9m | €1.1m | ▲ 20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.8m | €1.8m | €1.8m | €1.7m | €0.7m | €0.6m | €0.6m | = |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0.3m | €0.05m | €0.04m | €0.04m | = |
| Other operating charges640/8 | - | - | - | €0.01m | €0.02m | €0.01m | €0.01m | ▲ 0.1% |
| Operating profit (loss)9901 | €1.7m | €2.0m | €2.6m | €0.4m | €0.8m | €1.2m | €0.2m | ▼ 85.9% |
| Financial income75/76B | - | - | - | €0.2m | - | - | €0.002m | - |
| Recurring financial income75 | €0.2m | €0.2m | €0.2m | €0.2m | - | - | €0.002m | - |
| Income from financial fixed assets750 | - | - | - | - | - | - | €0.002m | - |
| Other financial income752/9 | - | - | - | €0.2m | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.07m | €0.04m | €0.008m | €0.02m | ▲ 167% |
| Recurring financial charges65 | €0.2m | €0.1m | €0.1m | €0.07m | €0.04m | €0.008m | €0.009m | ▲ 17.8% |
| Debt charges650 | €0.2m | €0.1m | €0.1m | €0.07m | €0.04m | €0.008m | €0.009m | ▲ 17.8% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €0.01m | - |
| Profit (loss) for the period before taxes9903 | €1.7m | €2.0m | €2.7m | €0.5m | €0.8m | €1.2m | €0.2m | ▼ 87.4% |
| Income taxes67/77 | €0.2m | €0.3m | €0.6m | €0.09m | €0.2m | €0.3m | €0.04m | ▼ 87.1% |
| Taxes670/3 | - | - | - | €0.4m | €0.2m | €0.3m | €0.04m | ▼ 86.7% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.3m | €0.03m | €0.002m | €0.001m | ▼ 17.5% |
| Profit (loss) for the period9904 | €1.5m | €1.7m | €2.1m | €0.4m | €0.6m | €0.9m | €0.1m | ▼ 87.6% |
| Profit (loss) for the period to be appropriated9905 | €1.5m | €1.7m | €2.1m | €0.4m | €0.6m | €0.9m | €0.1m | ▼ 87.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €12.7m | €12.7m | €12.9m | €11.1m | €10.8m | €10.6m | €8.5m | ▼ 19.9% |
| Fixed assets21/28 | €7.6m | €5.8m | €4.0m | €2.3m | €1.5m | €1.0m | €0.4m | ▼ 60.1% |
| Intangible fixed assets21 | €0.009m | €0.009m | €0.009m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 1.5% |
| Tangible fixed assets22/27 | €7.5m | €5.7m | €3.9m | €2.2m | €1.5m | €1.0m | €0.4m | ▼ 60.0% |
| Plant, machinery and equipment23 | - | - | - | €2.2m | €1.5m | €1.0m | €0.4m | ▼ 60.0% |
| Financial fixed assets28 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | - | - |
| Affiliated companies280/1 | - | - | - | €0.02m | €0.02m | €0.02m | - | - |
| Participating interests280 | - | - | - | €0.02m | €0.02m | €0.02m | - | - |
| Current assets29/58 | €5.1m | €6.9m | €8.9m | €8.8m | €9.2m | €9.7m | €8.1m | ▼ 15.8% |
| Amounts receivable within one year40/41 | €4.7m | €6.5m | €8.3m | €8.4m | €9.2m | €9.6m | €8.0m | ▼ 16.7% |
| Trade receivables40 | - | - | - | €0.3m | €0.6m | €0.9m | €0.6m | ▼ 40.5% |
| Other amounts receivable41 | - | - | - | €8.1m | €8.6m | €8.6m | €7.4m | ▼ 14.0% |
| Cash at bank and in hand54/58 | €0.4m | €0.4m | €0.4m | €0.4m | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.07m | €0.1m | €0.2m | ▲ 58.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €12.7m | €12.7m | €12.9m | €11.1m | €10.8m | €10.6m | €8.5m | ▼ 19.9% |
| Equity10/15 | €7.5m | €7.7m | €8.0m | €7.9m | €7.9m | €6.7m | €0.4m | ▼ 94.5% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Profit (loss) carried forward14 | €6.7m | €7.1m | €7.6m | €7.6m | €7.6m | €6.4m | €0.09m | ▼ 98.5% |
| Provisions and deferred taxes16 | €0.6m | €0.9m | €1.2m | €1.5m | €1.6m | €1.6m | €1.6m | ▲ 2.6% |
| Provisions for liabilities and charges160/5 | - | - | - | €1.5m | €1.6m | €1.6m | €1.6m | ▲ 2.6% |
| Environmental obligations163 | - | - | - | €1.5m | €1.6m | €1.6m | €1.6m | ▲ 2.6% |
| Amounts payable17/49 | €4.6m | €4.1m | €3.6m | €1.7m | €1.4m | €2.4m | €6.5m | ▲ 173% |
| Amounts payable after more than one year17 | €2.6m | €1.7m | €0.8m | - | - | - | - | - |
| Amounts payable within one year42/48 | €2.0m | €2.3m | €2.8m | €1.7m | €1.4m | €2.4m | €6.5m | ▲ 173% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.8m | - | - | - | - |
| Trade debts44 | €0.3m | €0.2m | €0.09m | €0.2m | €0.7m | €0.1m | €0.1m | ▼ 21.4% |
| Suppliers440/4 | - | - | - | €0.2m | €0.7m | €0.1m | €0.1m | ▼ 21.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.1m | €0.1m | - | - |
| Taxes450/3 | - | - | - | €0.3m | €0.1m | €0.1m | - | - |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.6m | €2.1m | €6.4m | ▲ 201% |
| Accrued charges and deferred income492/3 | - | - | - | €0.004m | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.5m | €1.7m | €2.1m | €0.4m | €0.6m | €0.9m | €0.1m | ▼ 87.6% |
| + Depreciation and write-downs630 | €1.8m | €1.8m | €1.8m | €1.7m | €0.7m | €0.6m | €0.6m | = |
| Operating cash flow (approximation) | €3.3m | €3.5m | €3.9m | €2.1m | €1.3m | €1.5m | €0.7m | ▼ 53.5% |
| Investment in fixed assets (approximation) | - | -€0.001m | €0 | -€0.002m | - | €0 | €0.02m | - |
| Change in cash | - | €0 | €0 | €0 | - | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | full format | 01-10-2025 | 2025-00521537 | |
| 31-03-2024 | full format | 27-09-2024 | 2024-00476454 | |
| 31-03-2023 | full format | 30-10-2023 | 2023-00497190 | |
| 31-12-2021 | full format | 15-06-2022 | 2022-20064539 | |
| 31-12-2020 | full format | 03-06-2021 | 2021-17000042 | |
| 31-12-2019 | full format | 11-05-2020 | 2020-11800181 | |
| 31-12-2018 | full format | 16-05-2019 | 2019-13300543 | |
| 31-12-2017 | full format | 07-06-2018 | 2018-16500016 | |
| 31-12-2016 | full format | 31-05-2017 | 2017-14100358 | |
| 31-12-2015 | full format | 03-05-2016 | 2016-11400044 |