ELECTRAWINDS DISTRIBUTIE

Active

Public limited companyfounded 200719 yrs activeSolvaylaan 9, 8400 Oostende, BelgiumKBO/BCE: BE 0890.058.142

ELECTRAWINDS DISTRIBUTIE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €546k and a net result of €191k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 269 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2025

59 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability43▲+1

Solvency31▲+3

Growth52▼-33

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €8k at 30 days acceptable

Liquidity ample (current ratio 2.84 against 1.03 in 2024; short-term debt: 35% and cash: 2.2% of total assets), but 94.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 35

Relative position

BE, all sectors

reference

Sector 35

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

5.9%

Return on assets

2.1%

Age of the figures

17 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 269 sector peers (2025).

NBB · sector comparison

Position among 269 sector peers

Solvency

better than 20%

← weakest strongest →

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

19202122232425

2019 to 2025 · latest year €546k

Filed after the deadline

The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 02-12-2025, 2 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 filings

Deviation from the deadline

2025

2 d late

2024

34 d late

2023

231 d late

2022

20 d late

2021

10 d late

2020

3 d early

2019

130 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-04-2026 and is due by 30-11-2026. Nothing is late today.

Companies Code · seven months

Position in the running window

30-04-2026 close20-09-2026 today30-11-2026 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€84k▼ 99.9%

2024 · €76.85M

2019: €20.54M 2020: €11.34M 2021: €7.43M 2022: €26.86M 2023: €108.10M 2024: €76.85M

2019 → 2025

EBIT margin

108.0%▲ 107.9pp

2024 · 0.0%

2019: 0.3% 2020: -0.7% 2021: 0.8% 2022: 0.2% 2023: 0.1% 2024: 0.0%

2019 → 2025

Net result

€191k▼ 11.5%

2024 · €216k

2019: €29k 2020: €-101k 2021: €28k 2022: €20k 2023: €179k 2024: €216k

2019 → 2025

Working capital

€5.92M▲ 1,416%

2024 · €390k

2019: €-50k 2020: €-149k 2021: €-71k 2022: €-45k 2023: €310k 2024: €390k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€7.43M-€26.86M▲ 262%€108.10M▲ 302%€76.85M▼ 28.9%€84k▼ 99.9%

Equity€-83k-€-63k▲ 24.1%€139k€355k▲ 155%€546k▲ 53.8%

Operating result€63k-€41k▼ 34.3%€81k▲ 97.2%€24k▼ 70.8%€91k▲ 283%

Net result€28k-€20k▼ 27.6%€179k▲ 793%€216k▲ 20.6%€191k▼ 11.5%

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 283% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €9.18M

99.5%

Fixed assets €50k=

Current assets €9.13M▼ 23.3%

Equity and liabilities €9.18M

94.0%

Equity €546k▲ 53.8%

Provisions €8k=

Debt €8.63M▼ 25.6%

The debt ratio falls from 97.0% to 94.0%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

Solvency

5.9%▲

2024 · 3.0%

Current ratio

2.84▲

2024 · 1.03

Quick ratio

2.84▲

2024 · 1.03

Debt / equity

15.81▼

2024 · 32.66

ROE

35.0%▼

2024 · 60.8%

ROA

2.1%▲

2024 · 1.8%

Debt

€8.63M▼

2024 · €11.59M

Debt ≤ 1 year

€3.22M▼

2024 · €11.51M

Debt > 1 year

€5.39M▲

2024 · €63k

Income taxes

€73k▼

2024 · €80k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€11.95M€9.18M▼

Fixed assets21/28€50k€50k=

Financial fixed assets28€50k€50k=

Other financial fixed assets284/8€50k€50k=

Amounts receivable and cash guarantees285/8€50k€50k=

Current assets29/58€11.90M€9.13M▼

Amounts receivable after more than one year29€9.40M€8.44M▼

Other amounts receivable291€9.40M€8.44M▼

Stocks and contracts in progress3€0€0=

Amounts receivable within one year40/41€1.95M€302k▼

Trade receivables40€1.95M€302k▼

Other amounts receivable41€0-

Cash at bank and in hand54/58€281k€206k▼

Deferred charges and accrued income490/1€274k€180k▼

Equity and liabilities

Total equity and liabilities10/49€11.95M€9.18M▼

Equity10/15€355k€546k▲

Contributions10/11€62k€62k=

Capital10€62k€62k=

Issued capital100€62k€62k=

Reserves13€6k€6k=

Non-distributable reserves130/1€6k€6k=

Legal reserve130€6k€6k=

Profit (loss) carried forward14€286k€477k▲

Provisions and deferred taxes16€8k€8k=

Provisions for liabilities and charges160/5€8k€8k=

Taxes161€8k€8k=

Amounts payable17/49€11.59M€8.63M▼

Amounts payable after more than one year17€63k€5.39M▲

Trade debts175-€5.32M

Suppliers1750-€5.32M

Other amounts payable178/9€63k€71k▲

Amounts payable within one year42/48€11.51M€3.22M▼

Trade debts44€11.39M€3.06M▼

Suppliers440/4€11.39M€3.06M▼

Taxes, remuneration and social security45€121k€152k▲

Taxes450/3€121k€152k▲

Accrued charges and deferred income492/3€15k€23k▲

Income statement Code20242025

Operating income70/76A€77.05M€284k▼

Turnover70€76.85M€84k▼

Other operating income74€202k€200k▼

Operating charges60/66A€77.02M€193k▼

Goods for resale, raw materials and consumables60€76.85M€84k▼

Purchases600/8€76.85M€84k▼

Services and other goods61€173k€108k▼

Other operating charges640/8€5k€1k▼

Operating profit (loss)9901€24k€91k▲

Financial income75/76B€273k€234k▼

Recurring financial income75€273k€178k▼

Income from current assets751€273k€178k▼

Other financial income752/9€0-

Non-recurring financial income76B-€55k

Financial charges65/66B€676€61k▲

Recurring financial charges65€676€61k▲

Debt charges650€477€61k▲

Other financial charges652/9€199€204▲

Profit (loss) for the period before taxes9903€296k€264k▼

Income taxes67/77€80k€73k▼

Taxes670/3€80k€73k▼

Profit (loss) for the period9904€216k€191k▼

Profit (loss) for the period to be appropriated9905€216k€191k▼

Appropriation of the result

Profit (loss) to be appropriated9906€288k€477k▲

Profit (loss) brought forward from the previous period14P€72k€286k▲

Transfer to equity691/2€2k€0▼

To the legal reserve6920€2k€0▼

The notes to these accounts (29 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 17Financial 7Filings 10

Next filing, fiscal year 2026, expected by 30-11-2026

2025

02-12

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 2 days late

30-04

Financial Liquidity triplescurrent ratio 2.84

Current ratio from 1.03 to 2.84; short-term debt falls from €11.51M to €3.22M.

30-04

Financial Equity above €500kEq €546k ▲53.8%

5 profitable years in a row build equity to €546k.

03-01

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 34 days late

2024

18-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 231 days late

30-04

Financial Highest result since 2019net €216k ▲20.6%

Net result €216k, the highest in the series.

30-04

Financial Equity above €200kEq €355k ▲155%

4 profitable years in a row build equity to €355k.

2023

30-04

Financial Equity above €100kEq €139k

3 profitable years in a row build equity to €139k.

2022

20-12

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 20 days late

2021

10-12

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 10 days late

30-04

Financial Back to profitnet €28k

Net result €28k after one loss-making year.

2020

27-11

NBB filing Annual accounts filed

fiscal year 2020 · full schema

30-04

Financial Weakest financial yearnet €-101k ▼451%

Net result drops to €-101k, the lowest in the series; recovery starts the following year.

08-04

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 130 days late

2019

04-10

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 308 days late

2018

09-02

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 193 days late

2017

24-01

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 177 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

15 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, Oostende · 1 establishment unit since 2007

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Solvaylaan 98400 Oostende

Ground area

8,599 m²

Building footprint

2,104 m²

Parcel 35026B0057/00P000, Flanders. Linked by address, not a title deed.

1 establishment unit