ELECTRO DE SANDER
ActiveELECTRO DE SANDER has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €245k and a net result of €32k. Equity is growing by ~25% per year across the filed fiscal years. Its solvency ranks better than 19% of 9623 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability36▼-6
Solvency37▲+2
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days only on tighter terms
Liquidity short (current ratio 0.8 against 0.83 in 2023; short-term debt: 52.4% and cash: 1.5% of total assets), and 87.8% 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 47
Relative position
BE, all sectors
reference
Sector 47
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 9623 sector peers (2024).
NBB · sector comparisonPosition among 9623 sector peers
Solvency
better than 19%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-11-2025, 109 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
109 d late
2023
92 d late
2022
51 d late
2021
89 d late
2020
87 d late
2019
214 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€245k▲ 15.1%
2023 · €213k
2018: €234k
2019: €22k
2020: €55k
2021: €128k
2022: €163k
2023: €213k
2018 → 2024
Total assets
€2.02M▼ 3.0%
2023 · €2.08M
2018: €2.44M
2019: €2.31M
2020: €2.06M
2021: €2.24M
2022: €2.10M
2023: €2.08M
2018 → 2024
Net result
€32k▼ 35.3%
2023 · €50k
2018: €-81k
2019: €-212k
2020: €34k
2021: €72k
2022: €36k
2023: €50k
2018 → 2024
Working capital
€-206k▼ 10.4%
2023 · €-187k
2018: €-24k
2019: €-273k
2020: €-225k
2021: €-197k
2022: €-208k
2023: €-187k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€55k-€128k▲ 131%€163k▲ 28.0%€213k▲ 30.4%€245k▲ 15.1%
Operating result€110k-€157k▲ 43.1%€114k▼ 27.3%€129k▲ 12.3%€120k▼ 6.3%
Net result€34k-€72k▲ 115%€36k▼ 50.5%€50k▲ 38.7%€32k▼ 35.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 6% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.02M
Fixed assets
€1.17M▼ 2.4%
Current assets
€850k▼ 3.7%
Equity and liabilities €2.02M
Equity
€245k▲ 15.1%
Debt
€1.77M▼ 5.0%
The debt ratio falls from 89.7% to 87.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€161k▼
2023 · €192k
Cash flow
€73k▼
2023 · €113k
Solvency
12.2%▲
2023 · 10.3%
Current ratio
0.80▼
2023 · 0.83
Quick ratio
0.35▲
2023 · 0.31
Debt / equity
7.23▼
2023 · 8.76
ROE
13.1%▼
2023 · 23.3%
ROA
1.6%▼
2023 · 2.4%
Interest coverage
1.83▼
2023 · 2.45
Debt
€1.77M▼
2023 · €1.86M
Debt ≤ 1 year
€1.06M▼
2023 · €1.07M
Debt > 1 year
€714k▼
2023 · €795k
Income taxes
€659▼
2023 · €675
Staff costs
€128k▲
2023 · €124k
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€2.08M€2.02M▼
Fixed assets21/28€1.19M€1.17M▼
Tangible fixed assets22/27€1.18M€1.15M▼
Land and buildings22€1.17M€1.14M▼
Plant, machinery and equipment23€2k€509▼
Furniture and vehicles24€6k€14k▲
Financial fixed assets28€16k€16k=
Current assets29/58€882k€850k▼
Stocks and contracts in progress3€552k€482k▼
Stocks30/36€552k€482k▼
Amounts receivable within one year40/41€297k€337k▲
Trade receivables40€160k€221k▲
Other amounts receivable41€137k€116k▼
Cash at bank and in hand54/58€26k€30k▲
Deferred charges and accrued income490/1€7k€0▼
Equity and liabilities
Total equity and liabilities10/49€2.08M€2.02M▼
Equity10/15€213k€245k▲
Contributions10/11€19k€19k=
Reserves13€194k€226k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€173k€205k▲
Profit (loss) carried forward14€683€770▲
Amounts payable17/49€1.86M€1.77M▼
Amounts payable after more than one year17€795k€714k▼
Financial debts170/4€795k€714k▼
Amounts payable within one year42/48€1.07M€1.06M▼
Current portion of amounts payable after more than one year42€86k€80k▼
Financial debts43€692k€678k▼
Credit institutions430/8€692k€678k▼
Trade debts44€231k€229k▼
Suppliers440/4€231k€229k▼
Advances received on contracts in progress46€10k€11k▲
Taxes, remuneration and social security45€49k€58k▲
Taxes450/3€30k€39k▲
Remuneration and social security454/9€19k€18k▼
Other amounts payable47/48€1k€218▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Remuneration, social security and pensions62€124k€128k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€41k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€52k€0▼
Other operating charges640/8€14k€17k▲
Gross operating margin9900€383k€306k▼
Operating profit (loss)9901€129k€120k▼
Financial income75/76B€165€297▲
Recurring financial income75€165€297▲
Financial charges65/66B€78k€88k▲
Recurring financial charges65€78k€88k▲
Profit (loss) for the period before taxes9903€50k€33k▼
Income taxes67/77€675€659▼
Profit (loss) for the period9904€50k€32k▼
Profit (loss) for the period to be appropriated9905€50k€32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€50k€33k▼
Profit (loss) brought forward from the previous period14P€113€683▲
Transfer to equity691/2€49k€32k▼
To other reserves6921€49k€32k▼
Social balance
Average headcount (FTE)90872.62.6=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 109 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 92 days late
2023
31-12
Financial
Equity above €200kEq €213k ▲30.4%
4 profitable years in a row build equity to €213k.
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 51 days late
2022
31-12
Financial
Equity above €150kEq €163k ▲28%
3 profitable years in a row build equity to €163k.
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 89 days late
2021
31-12
Financial
Highest result since 2018net €72k ▲115%
Operating result €157k, net result €72k, both a record.
31-12
Financial
Equity above €100kEq €128k ▲131%
2 profitable years in a row build equity to €128k.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 87 days late
02-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 214 days late
2020
31-12
Financial
Back to profitnet €34k
Net result €34k after 2 loss-making years.
2019
31-12
Financial
Weakest financial yearnet €-212k
Net result drops to €-212k, the lowest in the series; recovery starts the following year.
26-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 118 days late
2018
09-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 70 days late
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 52 days late
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Leuven · 1 establishment unit since 2003
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.
Aarschotsesteenweg 5523012 LeuvenGround area
1,857 m²
Building footprint
891 m²
Volume, LiDAR
5,839 m³
Parcel 24126B0233/00F006, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELECTRO DE SANDER
since 20032.123.195.683
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24126B0233/00F006 | Flanders | 1,857 m² | 1 · 891 m² | 11.8 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.
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Of 1,510 companies in sector 47540 we hold annual accounts for 805. 652 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded22-01-2003
Fiscal year end31-12
Activities, NACEBEL
47540Retail sale of electrical household appliances
52450
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.