ELECTRO - BERTELS
ActiveELECTRO - BERTELS has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.46M and a net result of €221k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 69% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▲+4
Solvency84▼-9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 2.91 against 5.88 in 2023; short-term debt: 33% and cash: 4.9% of total assets), and 40.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 2024Solvency, return and age of the figures
Solvency
59.2%
Return on assets
9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
50 d early
2022
28 d early
2021
62 d early
2020
81 d early
2019
43 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.46M▲ 17.9%
2023 · €1.24M
2018: €1.07M
2019: €1.18M
2020: €1.32M
2021: €1.17M
2022: €1.13M
2023: €1.24M
2018 → 2024
Total assets
€2.46M▲ 35.0%
2023 · €1.82M
2018: €1.33M
2019: €1.56M
2020: €1.69M
2021: €2.10M
2022: €1.87M
2023: €1.82M
2018 → 2024
Net result
€221k▲ 100%
2023 · €111k
2018: €117k
2019: €112k
2020: €135k
2021: €220k
2022: €76k
2023: €111k
2018 → 2024
Working capital
€1.55M▲ 7.8%
2023 · €1.44M
2018: €934k
2019: €1.29M
2020: €1.41M
2021: €1.52M
2022: €1.42M
2023: €1.44M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.32M-€1.17M▼ 11.0%€1.13M▼ 3.9%€1.24M▲ 9.8%€1.46M▲ 17.9%
Operating result€202k-€325k▲ 61.2%€123k▼ 62.1%€173k▲ 40.1%€329k▲ 90.6%
Net result€135k-€220k▲ 63.5%€76k▼ 65.7%€111k▲ 46.0%€221k▲ 100%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 91% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.46M
Fixed assets
€98k▲ 10.7%
Current assets
€2.37M▲ 36.2%
Equity and liabilities €2.46M
Equity
€1.46M▲ 17.9%
Debt
€1.00M▲ 71.1%
The debt ratio rises from 32.2% to 40.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€368k▲
2023 · €210k
Cash flow
€261k▲
2023 · €148k
Solvency
59.2%▼
2023 · 67.8%
Current ratio
2.91▼
2023 · 5.88
Quick ratio
1.71▼
2023 · 3.14
Debt / equity
0.69▲
2023 · 0.47
ROE
15.2%▲
2023 · 8.9%
ROA
9.0%▲
2023 · 6.1%
Interest coverage
83.67▲
2023 · 34.24
Debt
€1.00M▲
2023 · €587k
Debt ≤ 1 year
€813k▲
2023 · €295k
Debt > 1 year
€191k▼
2023 · €291k
Income taxes
€111k▲
2023 · €60k
Staff costs
€805k▼
2023 · €831k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.82M€2.46M▲
Fixed assets21/28€88k€98k▲
Tangible fixed assets22/27€88k€98k▲
Land and buildings22€30k€24k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€54k€71k▲
Current assets29/58€1.74M€2.37M▲
Stocks and contracts in progress3€810k€979k▲
Stocks30/36€471k€653k▲
Contracts in progress37€338k€327k▼
Amounts receivable within one year40/41€428k€990k▲
Trade receivables40€401k€908k▲
Other amounts receivable41€27k€83k▲
Current investments50/53€273k€273k=
Cash at bank and in hand54/58€224k€120k▼
Deferred charges and accrued income490/1€2k€2k=
Equity and liabilities
Total equity and liabilities10/49€1.82M€2.46M▲
Equity10/15€1.24M€1.46M▲
Contributions10/11€62k€62k=
Reserves13€1.14M€1.36M▲
Distributable reserves133€1.14M€1.36M▲
Profit (loss) carried forward14€37k€37k=
Amounts payable17/49€587k€1.00M▲
Amounts payable after more than one year17€291k€191k▼
Financial debts170/4€291k€191k▼
Amounts payable within one year42/48€295k€813k▲
Current portion of amounts payable after more than one year42€100k€100k▲
Trade debts44€125k€230k▲
Suppliers440/4€125k€230k▲
Advances received on contracts in progress46-€399k
Taxes, remuneration and social security45€70k€84k▲
Taxes450/3-€19k
Remuneration and social security454/9€70k€66k▼
Income statement
Code20232024
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62€831k€805k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€39k▲
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A€8k€971▼
Gross operating margin9900€1.05M€1.18M▲
Operating profit (loss)9901€173k€329k▲
Financial income75/76B€4k€8k▲
Recurring financial income75€4k€8k▲
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€171k€332k▲
Income taxes67/77€60k€111k▲
Profit (loss) for the period9904€111k€221k▲
Profit (loss) for the period to be appropriated9905€111k€221k▲
Appropriation of the result
Profit (loss) to be appropriated9906€147k€258k▲
Profit (loss) brought forward from the previous period14P€37k€37k=
Transfer from equity791/2€12k-
Transfer to equity691/2€122k€221k▲
To contributions691€12k-
To other reserves6921€111k€221k▲
Social balance
Average headcount (FTE)908712.712.0▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €221k ▲100%
Operating result €329k, net result €221k, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €76k ▼65.7%
Net result drops to €76k, the lowest in the series; recovery starts the following year.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
11-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Balen · 1 establishment unit since 1979
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.
Benoit Jansenstraat 42490 BalenGround area
272 m²
Building footprint
96 m²
Volume, LiDAR
544 m³
Parcel 13003D0205/00N003, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELECTRO BERTELS
since 19792.018.294.143
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13003D0205/00N003 | Flanders | 272 m² | 1 · 96 m² | 7.2 m · 2 fl. |
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 · 4 entries · 3,044 EUR awarded · 3,044 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 495 EUR | 495 EUR |
| 2024 | 1 | 1,869 EUR | 1,869 EUR |
| 2023 | 1 | 227 EUR | 227 EUR |
| 2022 | 1 | 453 EUR | 453 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
European Union, budget
2024 · 1 entry · 26,005 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2024 | 1 | 26,005 EUR |
Projects
000: EXTRA LIGHT POLES HV CABINS
Recognitions · licences · registrations
Recognised contractor
4 categoriesELECTRO - BERTELS BV24954
Dual-learning approval
4 live approvalsElektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
Legal Entity Identifier
967600O7JU07V974M773
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,327. 3,645 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-11-1979
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
47540Retail sale of electrical household appliances
47552Retail sale of lighting equipment
47592Retail trade
52442
52450
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.