ELECTRICAL SERVICES DEPONDT
ActiveSummary
ELECTRICAL SERVICES DEPONDT has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.20M and a net result of €651k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 50% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability99▲+19
Solvency69▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 1.64 against 1.24 in 2024; short-term debt: 51.3% and cash: 11.3% of total assets), but 55.6% of the assets are financed with debt.
Credit advice for your own amount and term
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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
44.4%
Return on assets
24%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-03-2025 was due by 30-10-2025 and was filed on 29-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
7 d early
2022
8 d late
2021
1 d early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-03-2026 and is due by 30-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-03-2026 close24-09-2026 today30-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.20M▲ 50.1%
2024 · €801k
2019: €567k
2020: €642k
2021: €651k
2022: €622k
2023: €694k
2024: €801k
2019 → 2025
Total assets
€2.71M▼ 7.6%
2024 · €2.93M
2019: €2.03M
2020: €1.90M
2021: €1.89M
2022: €2.64M
2023: €2.52M
2024: €2.93M
2019 → 2025
Net result
€651k▲ 154%
2024 · €257k
2019: €151k
2020: €155k
2021: €49k
2022: €116k
2023: €192k
2024: €257k
2019 → 2025
Working capital
€890k▲ 88.8%
2024 · €471k
2019: €334k
2020: €485k
2021: €410k
2022: €440k
2023: €416k
2024: €471k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€651k-€622k▼ 4.5%€694k▲ 11.6%€801k▲ 15.4%€1.20M▲ 50.1%
Operating result€55k-€134k▲ 142%€226k▲ 68.6%€319k▲ 41.2%€815k▲ 155%
Net result€49k-€116k▲ 138%€192k▲ 65.5%€257k▲ 33.7%€651k▲ 154%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 155% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.71M
Fixed assets
€431k ▼ 7.6%
Current assets
€2.28M ▼ 7.5%
Equity and liabilities €2.71M
Equity
€1.20M ▲ 50.1%
Provisions
€65k ▲ 1.5%
Debt
€1.44M ▼ 30.2%
Debt's share of the balance-sheet total falls from 70.5% to 53.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€991k▲
2024 · €463k
Cash flow
€828k▲
2024 · €401k
Current ratio
1.64▲
2024 · 1.24
Quick ratio
1.23▲
2024 · 0.93
Debt to equity
1.20▼
2024 · 2.58
ROE
54.2%▲
2024 · 32.1%
ROA
24.0%▲
2024 · 8.8%
Interest coverage
97.91▲
2024 · 40.29
Debt ≤ 1 year
€1.39M▼
2024 · €1.99M
Debt > 1 year
€53k▼
2024 · €73k
Income taxes
€166k▲
2024 · €51k
Staff costs
€1.23M▲
2024 · €1.22M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.93M€2.71M▼
Fixed assets21/28€466k€431k▼
Intangible fixed assets21€36k€25k▼
Tangible fixed assets22/27€431k€406k▼
Land and buildings22€20k€12k▼
Plant, machinery and equipment23€72k€49k▼
Furniture and vehicles24€339k€345k▲
Current assets29/58€2.46M€2.28M▼
Stocks and contracts in progress3€611k€565k▼
Stocks30/36€172k€419k▲
Contracts in progress37€439k€146k▼
Amounts receivable within one year40/41€1.26M€1.40M▲
Trade receivables40€1.09M€1.33M▲
Other amounts receivable41€173k€72k▼
Cash at bank and in hand54/58€584k€307k▼
Deferred charges and accrued income490/1€7k€7k=
Equity and liabilities
Total equity and liabilities10/49€2.93M€2.71M▼
Equity10/15€801k€1.20M▲
Contributions10/11€19k€19k=
Reserves13€782k€1.18M▲
Tax-exempt reserves132€153k€153k=
Distributable reserves133€629k€1.03M▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€64k€65k▲
Provisions for liabilities and charges160/5€64k€65k▲
Other liabilities and charges164/5€64k€65k▲
Amounts payable17/49€2.07M€1.44M▼
Amounts payable after more than one year17€73k€53k▼
Financial debts170/4€73k€53k▼
Amounts payable within one year42/48€1.99M€1.39M▼
Current portion of amounts payable after more than one year42€71k€59k▼
Trade debts44€1.59M€824k▼
Suppliers440/4€1.59M€824k▼
Taxes, remuneration and social security45€183k€248k▲
Taxes450/3€36k€108k▲
Remuneration and social security454/9€146k€140k▼
Other amounts payable47/48€153k€258k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.22M€1.23M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€144k€176k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€7k€947▼
Other operating charges640/8€10k€24k▲
Gross operating margin9900€1.70M€2.25M▲
Operating profit (loss)9901€319k€815k▲
Financial income75/76B€114€13k▲
Recurring financial income75€114€13k▲
Financial charges65/66B€12k€10k▼
Recurring financial charges65€12k€10k▼
Profit (loss) for the period before taxes9903€308k€817k▲
Income taxes67/77€51k€166k▲
Profit (loss) for the period9904€257k€651k▲
Profit (loss) for the period to be appropriated9905€257k€651k▲
Appropriation of the result
Profit (loss) to be appropriated9906€257k€651k▲
Transfer to equity691/2€107k€401k▲
To other reserves6921€107k€401k▲
Profit to be distributed694/7€150k€250k▲
Directors or managers695€150k€250k▲
Social balance
Average headcount (FTE)908718.819.4▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-03
Financial
Highest result since 2019net €651k ▲154%
Operating result €815k, net result €651k, both a record.
30-03
Financial
Equity above €1MEq €1.20M ▲50.1%
7 profitable years in a row build equity to €1.20M.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 8 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-03
Financial
Weakest financial yearnet €49k ▼68.5%
Net result drops to €49k, the lowest in the series; recovery starts the following year.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
24-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Staden · 1 establishment unit since 2004
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.
De Linde(STA) 98840 StadenGround area
9,127 m²
Building footprint
1,856 m²
Parcel 36019B0084/00Y000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
Electrical Services Depondt
since 20042.144.028.315
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36019B0084/00Y000 | Flanders | 9,127 m² | 1 · 1,856 m² | 0.1 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 3,594 EUR awarded · 3,594 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 531 EUR | 531 EUR |
| 2023 | 1 | 885 EUR | 885 EUR |
| 2022 | 1 | 2,178 EUR | 2,178 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 4,133 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-06-2004
Fiscal year end30-03
Abbreviation NL
E.S.D.
Activities, NACEBEL 2025
43211General electrical installation work
46431Wholesale of electrical household appliances and audio-video equipment
46643Wholesale of electrical equipment, including installation materials
47540Retail sale of electrical household appliances
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.