Electri Projects
ActiveSummary
Electri Projects has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €254,497 and a net result of €168,636. Equity has been growing by about 19% per year since 2019. Its solvency ranks better than 37% of 2,559 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-05-2015 Normal situation
- Activity
- Other technical testing and analysis NACE 71209and 2 others
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 30-09-2025
- Establishment unit
- 2.342.051.043 9032 Gent, since 14-02-2022
- Financial year end
- 30 September
- Peppol
- Reachable since 24-11-2023
Board and ownership
- REBELECDirector · since 11-05-2020
- ELECTRI GROUP100%· score 9530-06-2025 annual accounts of ELECTRI GROUP
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €761,391
- ▲ 15.0%
- Turnover
- ≈ €1.8m
- estimated
- Profit
- €168,636
- ▲ 115%
- Equity
- €254,497
- ▲ 44.7%
- Total assets
- €731,780
- ▼ 15.3%
- Employees on 30-09-2025
- 7
- ▲ 40.0%
Score breakdownraises riskLiquidity: current ratio 1.33, cash €53,169, halvedlowers riskSize: total assets €731,780Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Figures for financial year 2025 (filed on 10-01-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 71, micro). It does better than 34% of them on solvency, 10% on liquidity, 73% on profitability and 80% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 99 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 09-01-2026 PDF all 10 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 82% higher than in 2024. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 7 | 8 | 5 | 7 |
| full-time | 4 | 5 | 3 | 3 |
| part-time | 3 | 3 | 2 | 4 |
| in full-time equivalents | 6.4 | 7.4 | 4.7 | 6.4 |
| Average over the year, in full-time equivalents | 6.8 | 7.1 | 5.7 | 6.2 |
| On a permanent contract | 7 | 8 | 5 | 7 |
| Joined | - | 1 | 1 | 3 |
| Left | - | 0 | 4 | 1 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €5,728 | €43,440 | - | €58,178 |
| Financial fixed assets | - | - | €4,480 | €21,100 |
| Depreciation and write-downs of the year | €30,467 | €26,556 | €22,696 | €18,995 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 3 entries · €1,556 awarded · €1,556 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €147 | €147 |
| 2023 | 1 | €1,053 | €1,053 |
| 2022 | 1 | €356 | €356 |
Comparable companies
These companies have the same main activity as Electri Projects: other technical testing and analysis (NACE 71209). They are comparable in size and age: total assets between €567,000 and €985,000, founded between 2011 and 2017.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| Electri Projects Gent | 2015 | €731,780 | €254,497 | €761,391 | €168,636 | - | 2025 |
| CACAOLAB Zottegem | 2012 | €733,350 | €499,251 | €659,705 | €205,835 | - | 2025 |
| PM Solutions Nazareth-De Pinte | 2013 | €586,726 | €63,779 | €643,739 | €171,241 | 5.3 | 2025 |
| ABL PROLAB Destelbergen | 2011 | €651,574 | €388,509 | €709,036 | €80,861 | 10.6 | 2025 |
| Denercon Antwerpen | 2017 | €914,103 | €309,480 | €702,267 | €173,745 | 6.2 | 2025 |
| B.TEST SRL Groupe Delta Herve | 2016 | €984,906 | €536,930 | €638,963 | €119,242 | - | 2025 |
| House Check vzw Dilbeek | 2017 | €566,638 | -€16,967 | €839,632 | €59,840 | - | 2025 |
They were chosen from the 1,116 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 34,693 companies had the same profile as Electri Projects has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of Electri Projects itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 34,693 companies, not a prediction for Electri Projects. 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €573,950 | €622,746 | €504,448 | €511,531 | ▲ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,457 | €32,116 | €36,222 | €30,467 | €26,556 | €22,696 | €18,995 | ▼ 16.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | - | €24,727 | €25,778 | ▲ 4.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | €7,399 | - |
| Other operating charges640/8 | - | - | - | €4,705 | €704 | €3,094 | €2,806 | ▼ 9.3% |
| Gross operating margin9900 | €389,039 | €530,145 | €601,993 | €712,807 | €991,546 | €661,995 | €761,391 | ▲ 15.0% |
| Operating profit (loss)9901 | €107,698 | €108,715 | €173,631 | €103,685 | €341,540 | €107,030 | €194,882 | ▲ 82.1% |
| Financial income75/76B | - | - | - | €2,486 | €59 | €2,332 | €9,326 | ▲ 300% |
| Recurring financial income75 | €3 | €0 | €864 | €2,486 | €59 | €2,332 | €9,326 | ▲ 300% |
| Financial charges65/66B | - | - | - | - | €62 | €220 | €1,493 | ▲ 577% |
| Recurring financial charges65 | €562 | €243 | €0 | - | €62 | €220 | €1,493 | ▲ 577% |
| Profit (loss) for the period before taxes9903 | €107,138 | €108,473 | €174,495 | €106,171 | €341,537 | €109,141 | €202,716 | ▲ 85.7% |
| Income taxes67/77 | €26,254 | €36,096 | €47,090 | €30,667 | €93,324 | €30,667 | €34,080 | ▲ 11.1% |
| Profit (loss) for the period9904 | €80,883 | €72,377 | €127,405 | €75,504 | €248,213 | €78,474 | €168,636 | ▲ 115% |
| Profit (loss) for the period to be appropriated9905 | €80,883 | €72,377 | €127,405 | €75,504 | €248,213 | €78,474 | €168,636 | ▲ 115% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.3m | €1.4m | €1.1m | €0.9m | €1.0m | €0.9m | €0.7m | ▼ 15.3% |
| Fixed assets21/28 | €0.1m | €0.1m | €0.09m | €0.05m | €0.07m | €0.05m | €0.1m | ▲ 125% |
| Intangible fixed assets21 | €0.01m | €0.02m | €0.02m | €0.01m | €0.009m | €0.005m | €0.002m | ▼ 63.7% |
| Tangible fixed assets22/27 | €0.07m | €0.07m | €0.06m | €0.04m | €0.06m | €0.04m | €0.08m | ▲ 111% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.06m | €0.04m | €0.08m | ▲ 111% |
| Financial fixed assets28 | €0.02m | €0.02m | €0.02m | €0 | - | €0.004m | €0.03m | ▲ 471% |
| Current assets29/58 | €1.2m | €1.3m | €1.0m | €0.8m | €0.9m | €0.8m | €0.6m | ▼ 23.6% |
| Stocks and contracts in progress3 | €0.5m | €0.6m | €0.3m | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 47.2% |
| Contracts in progress37 | - | - | - | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 47.2% |
| Amounts receivable within one year40/41 | €0.3m | €0.1m | €0.3m | €0.4m | €0.5m | €0.5m | €0.4m | ▼ 28.5% |
| Trade receivables40 | - | - | - | €0.2m | €0.5m | €0.2m | €0.2m | ▲ 19.4% |
| Other amounts receivable41 | - | - | - | €0.1m | €0 | €0.3m | €0.1m | ▼ 59.9% |
| Cash at bank and in hand54/58 | €0.4m | €0.6m | €0.4m | €0.2m | €0.2m | €0.2m | €0.05m | ▼ 66.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | €0.02m | €0.01m | €0.01m | ▲ 17.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.3m | €1.4m | €1.1m | €0.9m | €1.0m | €0.9m | €0.7m | ▼ 15.3% |
| Equity10/15 | €0.07m | €0.1m | €0.1m | €0.1m | €0.4m | €0.2m | €0.3m | ▲ 44.7% |
| Contributions10/11 | €0.02m | €0 | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.05m | €0.1m | €0.1m | €0.1m | €0.3m | €0.2m | €0.2m | ▲ 50.0% |
| Distributable reserves133 | - | - | - | €0.1m | €0.3m | €0.2m | €0.2m | ▲ 50.0% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | - | - | - | - | - | - | €0.007m | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | - | €0.007m | - |
| Other liabilities and charges164/5 | - | - | - | - | - | - | €0.007m | - |
| Amounts payable17/49 | €1.2m | €1.2m | €0.9m | €0.8m | €0.6m | €0.7m | €0.5m | ▼ 31.7% |
| Amounts payable within one year42/48 | €1.2m | €1.2m | €0.9m | €0.8m | €0.6m | €0.7m | €0.5m | ▼ 31.7% |
| Trade debts44 | €0.07m | €0.1m | €0.07m | €0.06m | €0.09m | €0.07m | €0.07m | ▲ 7.7% |
| Suppliers440/4 | - | - | - | €0.06m | €0.09m | €0.07m | €0.07m | ▲ 7.7% |
| Advances received on contracts in progress46 | - | - | - | €0.4m | €0.3m | €0.3m | €0.1m | ▼ 47.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.2m | €0.1m | €0.1m | ▲ 45.6% |
| Taxes450/3 | - | - | - | €0.06m | €0.1m | €0.02m | €0.02m | ▼ 3.9% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.07m | €0.1m | ▲ 61.4% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0 | €0.3m | €0.1m | ▼ 53.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €103 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €80,883 | €72,377 | €127,405 | €75,504 | €248,213 | €78,474 | €168,636 | ▲ 115% |
| + Depreciation and write-downs630 | €30,457 | €32,116 | €36,222 | €30,467 | €26,556 | €22,696 | €18,995 | ▼ 16.3% |
| Operating cash flow (approximation) | €111,341 | €104,493 | €163,627 | €105,971 | €274,770 | €101,170 | €187,631 | ▲ 85.5% |
| Investment in fixed assets (approximation) | - | -€37,905 | -€24,549 | €14,652 | -€43,440 | -€4,480 | -€79,278 | ▼ 1,670% |
| Change in cash | - | €188,468 | -€194,471 | -€153,107 | €17,075 | -€70,149 | -€107,339 | ▼ 53.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 09-01-2026 | 2026-00005089 | |
| 30-09-2024 | abbreviated format | 09-12-2024 | 2024-00612497 | |
| 30-09-2023 | abbreviated format | 26-04-2024 | 2024-00070908 | |
| 30-09-2022 | abbreviated format | 07-12-2022 | 2022-20533397 | |
| 30-09-2021 | abbreviated format | 02-12-2021 | 2021-79100396 | |
| 30-09-2020 | abbreviated format | 13-01-2021 | 2021-00800305 | |
| 30-09-2019 | micro format | 26-03-2020 | 2020-07600034 | |
| 30-09-2018 | micro format | 25-03-2019 | 2019-07800597 | |
| 30-09-2017 | micro format | 13-03-2018 | 2018-06700574 | |
| 30-09-2016 | abbreviated format | 17-02-2017 | 2017-04600133 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerChain of control
- REBELEC
- ELECTRI GROUP
- Electri Projects
Owners 1
- ELECTRI GROUPparentEquity €1.9m Profit of €266,984 in 2025 (profit of €1.2m in 2024) Checked score 95100%
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| REBELEC |
|
| ELECTRI GROUP |
|
Network & group
Companies at the same address
1 other companyConnections & network
The network starts from the shareholders of Electri Projects. Every company they also own or run is a node.
Timeline
Acts, filings and financial milestones
27-02
Gazette deed
Resignation: ELECTRI GROUP (director)Permanent representatives: Hans Van Droogenbroeck and Bert Renders · Director discharge5 points ▸
- General meeting, 16-01-2024
- Director resignation, ELECTRI GROUP (director)
- Permanent representative, Hans Van Droogenbroeck
- Director discharge, ELECTRI GROUP
- Permanent representative, Bert Renders
16-02
Gazette deed
Registered office moved from Gent to WondelgemPermanent representative: Bert Renders4 points ▸
- Board meeting, 23-11-2023
- Registered-office move, Coomansheide 2, 9032 Wondelgem
- Director in office, REBELEC (director)
- Permanent representative, Bert Renders
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44074C0574/00Y000 | Flanders | 1,045 m² | 1 · 208 m² | 14.5 m · 3 |