ELECTRO CAURETTE
ActiveSummary
ELECTRO CAURETTE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €491,184 and a net result of €62,130. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 55% of 8061 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-1
Solvency73▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.35 against 4.58 in 2024; short-term debt: 23.2% and cash: 7.5% of total assets), but 51.6% of the assets are financed with debt.
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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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
48.4%
Return on assets
6.1%
Age of the figures
9 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
34 d late
2023
57 d late
2022
1 d early
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 31 August (5 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€491,184▼ 7.2%
2024 · €529,054
Total assets
€1.0m▲ 3.5%
2024 · €980,769
Net result
€62,130▼ 1.7%
2024 · €63,227
Working capital
€317,059▼ 25.7%
2024 · €426,999
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€92,732▼ 29.8%€96,803▲ 4.4%€95,207▼ 1.6%€88,722▼ 6.8%€100,989▲ 13.8%
Net result€59,309within the sector's middle half▼ 35.6%€69,106within the sector's middle half▲ 16.5%€66,941above the sector's middle half▼ 3.1%€63,227within the sector's middle half▼ 5.5%€62,130within the sector's middle half▼ 1.7%
Equity€440,780within the sector's middle half▼ 0.7%€479,886within the sector's middle half▲ 8.9%€520,827above the sector's middle half▲ 8.5%€529,054within the sector's middle half▲ 1.6%€491,184within the sector's middle half▼ 7.2%
Total assets€543,657within the sector's middle half▼ 5.0%€669,959within the sector's middle half▲ 23.2%€726,044above the sector's middle half▲ 8.4%€980,769within the sector's middle half▲ 35.1%€1.0mwithin the sector's middle half▲ 3.5%
Debt€102,877▼ 19.9%€190,074▲ 84.8%€205,217▲ 8.0%€451,714▲ 120%€523,662▲ 15.9%
Working capital€338,154within the sector's middle half▼ 11.3%€385,393within the sector's middle half▲ 14.0%€429,596above the sector's middle half▲ 11.5%€426,999within the sector's middle half▼ 0.6%€317,059within the sector's middle half▼ 25.7%
Solvency81.1%above the sector's middle half▲ 3.5pp71.6%above the sector's middle half▼ 9.4pp71.7%above the sector's middle half▲ 0.1pp53.9%within the sector's middle half▼ 17.8pp48.4%within the sector's middle half▼ 5.5pp
Current ratio4.67above the sector's middle half▲ 0.223.03above the sector's middle half▼ 1.643.72above the sector's middle half▲ 0.694.58above the sector's middle half▲ 0.862.35within the sector's middle half▼ 2.23
Return on assets (ROA)10.9%within the sector's middle half▼ 5.2pp10.3%within the sector's middle half▼ 0.6pp9.2%within the sector's middle half▼ 1.1pp6.4%within the sector's middle half▼ 2.8pp6.1%within the sector's middle half▼ 0.3pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€462,602 ▲ 6.5%
Current assets
€552,244 ▲ 1.1%
Equity and liabilities €1.0m
Equity
€491,184 ▼ 7.2%
Debt
€523,662 ▲ 15.9%
Debt's share of the balance-sheet total rises from 46.1% to 51.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€150,412▲
2024 · €130,212
Cash flow
€111,553▲
2024 · €104,717
Quick ratio
1.52▼
2024 · 3.41
Debt to equity
1.07▲
2024 · 0.85
ROE
12.6%▲
2024 · 12.0%
Interest coverage
9.07▼
2024 · 21.46
Debt ≤ 1 year
€235,185▲
2024 · €119,271
Debt > 1 year
€287,791▼
2024 · €331,801
Income taxes
€22,267▲
2024 · €19,454
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €4,955 | €0 | €6,200 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,646 | €27,920 | €36,300 | €41,489 | €49,424 | ▲ 19.1% |
| Other operating charges640/8 | €1,384 | €1,561 | €1,573 | €1,827 | €1,880 | ▲ 2.9% |
| Gross operating margin9900 | €116,762 | €126,284 | €133,080 | €132,039 | €152,292 | ▲ 15.3% |
| Operating profit (loss)9901 | €92,732 | €96,803 | €95,207 | €88,722 | €100,989 | ▲ 13.8% |
| Financial income75/76B | €3 | €164 | €2 | €27 | €0 | ▼ 99.9% |
| Recurring financial income75 | €3 | €164 | €2 | €27 | €0 | ▼ 99.9% |
| Financial charges65/66B | €911 | €1,749 | €2,560 | €6,068 | €16,592 | ▲ 173% |
| Recurring financial charges65 | €911 | €1,749 | €2,560 | €6,068 | €16,592 | ▲ 173% |
| Profit (loss) for the period before taxes9903 | €91,825 | €95,217 | €92,650 | €82,681 | €84,397 | ▲ 2.1% |
| Income taxes67/77 | €32,516 | €26,111 | €25,708 | €19,454 | €22,267 | ▲ 14.5% |
| Profit (loss) for the period9904 | €59,309 | €69,106 | €66,941 | €63,227 | €62,130 | ▼ 1.7% |
| Transfer from tax-exempt reserves789 | €31,959 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €91,268 | €69,106 | €66,941 | €63,227 | €62,130 | ▼ 1.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €543,657 | €669,959 | €726,044 | €980,769 | €1.0m | ▲ 3.5% |
| Fixed assets21/28 | €113,455 | €94,780 | €138,437 | €434,499 | €462,602 | ▲ 6.5% |
| Intangible fixed assets21 | - | €2,870 | €2,170 | €1,470 | €770 | ▼ 47.6% |
| Tangible fixed assets22/27 | €113,330 | €89,285 | €133,641 | €429,503 | €457,706 | ▲ 6.6% |
| Land and buildings22 | €37,499 | €34,202 | €32,050 | €354,034 | €412,138 | ▲ 16.4% |
| Plant, machinery and equipment23 | €992 | €784 | €575 | €366 | €1,282 | ▲ 250% |
| Furniture and vehicles24 | €74,839 | €54,299 | €101,016 | €75,104 | €44,286 | ▼ 41.0% |
| Financial fixed assets28 | €126 | €2,626 | €2,626 | €3,526 | €4,126 | ▲ 17.0% |
| Current assets29/58 | €430,202 | €575,179 | €587,607 | €546,270 | €552,244 | ▲ 1.1% |
| Stocks and contracts in progress3 | €33,445 | €115,500 | €235,320 | €139,292 | €194,791 | ▲ 39.8% |
| Stocks30/36 | €33,445 | €115,500 | €184,835 | €101,801 | €154,177 | ▲ 51.4% |
| Contracts in progress37 | - | - | €50,485 | €37,490 | €40,613 | ▲ 8.3% |
| Amounts receivable within one year40/41 | €142,738 | €215,550 | €229,949 | €287,623 | €267,473 | ▼ 7.0% |
| Trade receivables40 | €141,355 | €194,893 | €205,640 | €224,334 | €244,320 | ▲ 8.9% |
| Other amounts receivable41 | €1,383 | €20,656 | €24,310 | €63,289 | €23,153 | ▼ 63.4% |
| Cash at bank and in hand54/58 | €242,418 | €233,810 | €112,831 | €109,331 | €76,100 | ▼ 30.4% |
| Deferred charges and accrued income490/1 | €11,600 | €10,319 | €9,507 | €10,025 | €13,880 | ▲ 38.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €543,657 | €669,959 | €726,044 | €980,769 | €1.0m | ▲ 3.5% |
| Equity10/15 | €440,780 | €479,886 | €520,827 | €529,054 | €491,184 | ▼ 7.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €393,860 | €457,860 | €497,860 | €510,454 | €472,454 | ▼ 7.4% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €392,000 | €456,000 | €497,860 | €510,454 | €472,454 | ▼ 7.4% |
| Profit (loss) carried forward14 | €28,320 | €3,426 | €4,367 | €0 | €130 | - |
| Amounts payable17/49 | €102,877 | €190,074 | €205,217 | €451,714 | €523,662 | ▲ 15.9% |
| Amounts payable after more than one year17 | €5,952 | €0 | €46,888 | €331,801 | €287,791 | ▼ 13.3% |
| Financial debts170/4 | €5,952 | €0 | €46,888 | €331,801 | €287,791 | ▼ 13.3% |
| Amounts payable within one year42/48 | €92,048 | €189,786 | €158,011 | €119,271 | €235,185 | ▲ 97.2% |
| Current portion of amounts payable after more than one year42 | €10,404 | €5,952 | €14,526 | €15,087 | €35,675 | ▲ 136% |
| Trade debts44 | €62,167 | €164,426 | €117,827 | €89,898 | €85,939 | ▼ 4.4% |
| Suppliers440/4 | €62,167 | €164,426 | €117,827 | €89,898 | €85,939 | ▼ 4.4% |
| Taxes, remuneration and social security45 | €12,457 | €9,345 | €16,684 | €4,727 | €5,200 | ▲ 10.0% |
| Taxes450/3 | €12,457 | €9,345 | €16,684 | €4,727 | €5,200 | ▲ 10.0% |
| Other amounts payable47/48 | €7,020 | €10,063 | €8,974 | €9,558 | €108,371 | ▲ 1,034% |
| Accrued charges and deferred income492/3 | €4,877 | €288 | €318 | €642 | €686 | ▲ 6.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,309 | €69,106 | €66,941 | €63,227 | €62,130 | ▼ 1.7% |
| + Depreciation and write-downs630 | €22,646 | €27,920 | €36,300 | €41,489 | €49,424 | ▲ 19.1% |
| Operating cash flow (approximation) | €81,954 | €97,025 | €103,241 | €104,717 | €111,553 | ▲ 6.5% |
| Investment in fixed assets (approximation) | - | -€9,245 | -€79,956 | -€337,551 | -€77,527 | ▲ 77.0% |
| Change in cash | - | -€8,608 | -€120,979 | -€3,500 | -€33,231 | ▼ 849% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 34 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-12
Financial
Equity above €500,000Eq €520,827 ▲8.5%
6 profitable years in a row build equity to €520,827.
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Highest result since 2018net €101,232 ▲84%
Operating result €146,212, net result €101,232, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2005
Ground area
627 m²
Building footprint
186 m²
Volume, LiDAR
987 m³
Parcel 34452B0300/00P003, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELECTRO CAURETTE
since 20052.148.138.640
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B0300/00P003 | Flanders | 627 m² | 1 · 186 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
967600YM6PHLXTEU3364
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Of 22,818 companies in this sector we hold annual accounts for 10,343. 6,535 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded11-07-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
46140Agents in the wholesale of industrial machinery, ships and aircraft
43222Installation of electric heating, air conditioning, cooling and ventilation
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0875001861
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.