ELECTRO CABLAGE SERVICE
ActiveELECTRO CABLAGE SERVICE has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130k and a net result of €96k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 127 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability47▲+36
Solvency31▲+5
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.16 in 2024; short-term debt: 74.4% and cash: 3.8% of total assets), and 94.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 27
Relative position
BE, all sectors
reference
Sector 27
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
5.6%
Return on assets
4.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 127 sector peers (2025).
NBB · sector comparisonPosition among 127 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
7 d early
2023
20 d late
2022
34 d early
2021
26 d early
2020
32 d early
2019
22 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€130k▲ 287%
2024 · €34k
2018: €705k
2019: €854k
2020: €579k
2021: €146k
2022: €202k
2023: €202k
2024: €34k
2018 → 2025
Total assets
€2.31M▼ 14.2%
2024 · €2.70M
2018: €2.46M
2019: €2.20M
2020: €1.94M
2021: €2.21M
2022: €2.43M
2023: €2.61M
2024: €2.70M
2018 → 2025
Net result
€96k
2024 · €-169k
2018: €54k
2019: €149k
2020: €-275k
2021: €-433k
2022: €56k
2023: €475
2024: €-169k
2018 → 2025
Working capital
€328k▲ 0.1%
2024 · €328k
2018: €627k
2019: €771k
2020: €512k
2021: €273k
2022: €235k
2023: €347k
2024: €328k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€146k-€202k▲ 38.4%€202k▲ 0.2%€34k▼ 83.4%€130k▲ 287%
Operating result€-419k-€87k€73k▼ 16.7%€-48k€194k
Net result€-433k-€56k€475▼ 99.2%€-169k€96k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €194k after a loss of €48k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.29M
Fixed assets
€235k▼ 21.8%
Current assets
€2.05M▼ 13.0%
Equity and liabilities €2.31M
Equity
€130k▲ 287%
Debt
€2.18M▼ 18.0%
The debt ratio falls from 98.8% to 94.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€273k▲
2024 · €-2k
Cash flow
€176k▲
2024 · €-123k
Solvency
5.6%▲
2024 · 1.2%
Current ratio
1.19▲
2024 · 1.16
Quick ratio
0.69▲
2024 · 0.48
Debt / equity
16.80▼
2024 · 79.23
ROE
74.1%▲
2024 · -501.5%
ROA
4.2%▲
2024 · -6.3%
Interest coverage
2.80▲
2024 · -0.02
Debt
€2.18M▼
2024 · €2.66M
Debt ≤ 1 year
€1.72M▼
2024 · €2.03M
Debt > 1 year
€463k▼
2024 · €625k
Income taxes
€538▲
2024 · €441
Staff costs
€1.23M▼
2024 · €1.46M
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€2.70M€2.31M▼
Formation expenses20€39k€29k▼
Fixed assets21/28€301k€235k▼
Intangible fixed assets21€41k€32k▼
Tangible fixed assets22/27€260k€203k▼
Plant, machinery and equipment23€8k€9k▲
Furniture and vehicles24€5k€2k▼
Leasing and similar rights25€234k€183k▼
Other tangible fixed assets26€13k€9k▼
Financial fixed assets28€248€248=
Current assets29/58€2.36M€2.05M▼
Amounts receivable after more than one year29-€92k
Other amounts receivable291-€92k
Stocks and contracts in progress3€1.38M€860k▼
Stocks30/36€390k€407k▲
Contracts in progress37€993k€453k▼
Amounts receivable within one year40/41€959k€994k▲
Trade receivables40€959k€994k▲
Other amounts receivable41€24€0▼
Cash at bank and in hand54/58€4k€87k▲
Deferred charges and accrued income490/1€11k€16k▲
Equity and liabilities
Total equity and liabilities10/49€2.70M€2.31M▼
Equity10/15€34k€130k▲
Contributions10/11€52k€52k=
Reserves13€802k€802k=
Tax-exempt reserves132€71k€71k=
Distributable reserves133€731k€731k=
Profit (loss) carried forward14€-820k€-724k▲
Amounts payable17/49€2.66M€2.18M▼
Amounts payable after more than one year17€625k€463k▼
Financial debts170/4€391k€298k▼
Other amounts payable178/9€234k€164k▼
Amounts payable within one year42/48€2.03M€1.72M▼
Current portion of amounts payable after more than one year42€100k€180k▲
Financial debts43€900k€506k▼
Credit institutions430/8€900k€506k▼
Trade debts44€640k€555k▼
Suppliers440/4€640k€555k▼
Taxes, remuneration and social security45€378k€440k▲
Taxes450/3€242k€307k▲
Remuneration and social security454/9€137k€133k▼
Other amounts payable47/48€11k€40k▲
Accrued charges and deferred income492/3€9k€0▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€1.46M€1.23M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€79k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€9k€73k▲
Operating charges capitalised as restructuring costs649€0-
Non-recurring operating charges66A€778€0▼
Gross operating margin9900€1.46M€1.57M▲
Operating profit (loss)9901€-48k€194k▲
Financial income75/76B€113€663▲
Recurring financial income75€113€663▲
Financial charges65/66B€120k€98k▼
Recurring financial charges65€120k€98k▼
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€-168k€97k▲
Income taxes67/77€441€538▲
Profit (loss) for the period9904€-169k€96k▲
Profit (loss) for the period to be appropriated9905€-169k€96k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-820k€-724k▲
Profit (loss) brought forward from the previous period14P€-652k€-820k▼
Social balance
Average headcount (FTE)908727.222.8▼
The notes to these accounts (18 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
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €96k
Net result €96k after one loss-making year.
31-12
Financial
Equity above €100kEq €130k ▲287%
Equity rises from €34k to €130k.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 20 days late
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €56k
Net result €56k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €202k ▲38.4%
Equity rises from €146k to €202k.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-433k
Net result drops to €-433k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €149k ▲178%
Operating result €239k, net result €149k, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-07
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
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, Mechelen · 1 establishment unit since 1990
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.
Zandvoortstraat 182800 MechelenGround area
3,845 m²
Building footprint
1,741 m²
Volume, LiDAR
8,264 m³
Parcel 12402A0054/00D000, Flanders · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ECS
since 19902.049.695.122
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0054/00D000 | Flanders | 3,845 m² | 1 · 1,741 m² | 6.1 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 · 6 entries · 62,441 EUR awarded · 62,441 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 12,203 EUR | 12,203 EUR |
| 2024 | 1 | 19,128 EUR | 19,128 EUR |
| 2023 | 1 | 15,809 EUR | 15,809 EUR |
| 2022 | 2 | 15,301 EUR | 15,301 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Individueel Maatwerk
Premie kwalificerend werkplekleren
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
2 live approvals · 2 endedElektrische installaties duaal (so)
Elektrotechnisch installateur (vwo)
Legal Entity Identifier
894500QLK07R2IODPT03
Similar companies · same sector, comparable size
Infinite Power
BE 0735.456.968
Oudsbergen · Eq €133k
JUMET BOBINAGE
BE 0462.251.817
Charleroi · Eq €138k
SEFFER Elektromotoren
BE 0779.249.795
Sankt Vith · Eq €121k
FABRICATION MAINTENANCE TRANSFERTS INSTALLATION EUROPE
BE 0547.809.973
Tournai · Eq €117k
KIOSUN 10
BE 0795.458.297
Kortrijk · Eq €117k
Of 262 companies in sector 27110 we hold annual accounts for 173. 116 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-09-1990
Fiscal year end31-12
Abbreviation NL
ECS
Activities, NACEBEL
27110Manufacture of electrical equipment
27120Manufacture of electrical equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.