ELECTRO DEBREE
ActiveSummary
ELECTRO DEBREE has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.0m and a net result of €166,709. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 93% of 7454 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability85▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity ample (current ratio 5.46 against 4.87 in 2023; short-term debt: 13.6% and cash: 14.9% of total assets), and 13.6% of the assets are financed with debt.
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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
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 2024Solvency, return and age of the figures
Solvency
86.4%
Return on assets
13.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-09-2025, 33 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
33 d late
2023
71 d late
2022
119 d late
2021
127 d late
2020
134 d late
2019
123 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 101 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 (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#3 company by equity in De Haan, Construction sector#4 oldest company in De Haan, Construction sector#5 employer in De Haan
Equity
€1.0m▲ 7.6%
2023 · €964,489
Total assets
€1.2m▲ 5.0%
2023 · €1.1m
Net result
€166,709▲ 7.5%
2023 · €155,066
Working capital
€731,737▲ 11.0%
2023 · €659,408
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€227,116▼ 13.9%€224,740▼ 1.0%€158,213▼ 29.6%€238,614▲ 50.8%€262,000▲ 9.8%
Net result€162,005▼ 3.5%€150,870▼ 6.9%€109,732▼ 27.3%€155,066▲ 41.3%€166,709▲ 7.5%
Equity€913,686▲ 2.3%€784,956▼ 14.1%€811,088▲ 3.3%€964,489▲ 18.9%€1.0m▲ 7.6%
Total assets€1.2m▼ 2.0%€1.0m▼ 15.1%€1.2m▲ 19.1%€1.1m▼ 7.2%€1.2m▲ 5.0%
Debt€305,839▼ 12.9%€250,769▼ 18.0%€422,319▲ 68.4%€180,168▼ 57.3%€164,109▼ 8.9%
Working capital€599,844▲ 2.2%€468,915▼ 21.8%€481,619▲ 2.7%€659,408▲ 36.9%€731,737▲ 11.0%
Staff (FTE)22.8▼ 0.9%20.7▼ 9.2%18.9▼ 8.7%18.6▼ 1.6%18.7▲ 0.5%
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 10% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets
€306,460 ▼ 2.7%
Current assets
€895,846 ▲ 8.0%
Equity and liabilities €1.2m
Equity
€1.0m ▲ 7.6%
Debt
€164,109 ▼ 8.9%
Debt's share of the balance-sheet total falls from 15.7% to 13.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€348,737▲
2023 · €335,457
Cash flow
€253,445▲
2023 · €251,909
Current ratio
5.46▲
2023 · 4.87
Debt to equity
0.16▼
2023 · 0.19
ROE
16.1%▼
2023 · 16.1%
ROA
13.9%▲
2023 · 13.5%
Interest coverage
5.91▼
2023 · 7.18
Debt ≤ 1 year
€164,109▼
2023 · €170,411
Debt > 1 year
€0▼
2023 · €9,757
Income taxes
€75,000▼
2023 · €76,708
Staff costs
€1.1m▼
2023 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 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 bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 20,082 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1.0m | €1.0m | €1.1m | €1.1m | ▼ 0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66,687 | €74,768 | €90,750 | €96,843 | €86,737 | ▼ 10.4% |
| Other operating charges640/8 | - | €7,489 | €9,076 | €7,890 | €1,454 | ▼ 81.6% |
| Non-recurring operating charges66A | - | €5,070 | €0 | - | - | - |
| Gross operating margin9900 | €1.3m | €1.3m | €1.3m | €1.5m | €1.5m | ▲ 0.4% |
| Operating profit (loss)9901 | €227,116 | €224,740 | €158,213 | €238,614 | €262,000 | ▲ 9.8% |
| Financial income75/76B | - | €52,368 | €56,134 | €39,888 | €38,677 | ▼ 3.0% |
| Recurring financial income75 | €36,645 | €52,368 | €56,134 | €39,888 | €38,677 | ▼ 3.0% |
| Financial charges65/66B | - | €44,333 | €46,224 | €46,729 | €58,968 | ▲ 26.2% |
| Recurring financial charges65 | €35,756 | €44,333 | €46,224 | €46,729 | €58,968 | ▲ 26.2% |
| Profit (loss) for the period before taxes9903 | €228,005 | €232,775 | €168,123 | €231,774 | €241,709 | ▲ 4.3% |
| Income taxes67/77 | €66,000 | €81,905 | €58,390 | €76,708 | €75,000 | ▼ 2.2% |
| Profit (loss) for the period9904 | €162,005 | €150,870 | €109,732 | €155,066 | €166,709 | ▲ 7.5% |
| Transfer from tax-exempt reserves789 | - | €38,301 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €162,005 | €189,171 | €109,732 | €155,066 | €166,709 | ▲ 7.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.0m | €1.2m | €1.1m | €1.2m | ▲ 5.0% |
| Fixed assets21/28 | €339,946 | €397,387 | €358,117 | €314,837 | €306,460 | ▼ 2.7% |
| Intangible fixed assets21 | €360 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €339,059 | €396,860 | €357,591 | €314,310 | €305,933 | ▼ 2.7% |
| Land and buildings22 | - | €179,279 | €157,612 | €135,945 | €114,279 | ▼ 15.9% |
| Plant, machinery and equipment23 | - | €89,272 | €111,769 | €124,148 | €161,147 | ▲ 29.8% |
| Furniture and vehicles24 | - | €128,310 | €88,210 | €54,217 | €30,508 | ▼ 43.7% |
| Financial fixed assets28 | €527 | €527 | €527 | €527 | €527 | = |
| Current assets29/58 | €879,579 | €638,338 | €875,290 | €829,819 | €895,846 | ▲ 8.0% |
| Amounts receivable within one year40/41 | €417,245 | €397,843 | €562,428 | €484,845 | €686,551 | ▲ 41.6% |
| Trade receivables40 | - | €308,401 | €508,015 | €360,930 | €508,926 | ▲ 41.0% |
| Other amounts receivable41 | - | €89,442 | €54,413 | €123,915 | €177,625 | ▲ 43.3% |
| Cash at bank and in hand54/58 | €436,332 | €214,493 | €286,294 | €316,323 | €179,395 | ▼ 43.3% |
| Deferred charges and accrued income490/1 | - | €26,002 | €26,568 | €28,651 | €29,900 | ▲ 4.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.0m | €1.2m | €1.1m | €1.2m | ▲ 5.0% |
| Equity10/15 | €913,686 | €784,956 | €811,088 | €964,489 | €1.0m | ▲ 7.6% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €849,501 | €720,771 | €746,903 | €900,303 | €974,169 | ▲ 8.2% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €714,571 | €740,703 | €894,103 | €967,969 | ▲ 8.3% |
| Profit (loss) carried forward14 | €2,186 | €2,186 | €2,186 | €2,186 | €2,029 | ▼ 7.2% |
| Amounts payable17/49 | €305,839 | €250,769 | €422,319 | €180,168 | €164,109 | ▼ 8.9% |
| Amounts payable after more than one year17 | €26,104 | €81,346 | €28,648 | €9,757 | €0 | ▼ 100% |
| Financial debts170/4 | - | €81,346 | €28,648 | €9,757 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €279,735 | €169,423 | €393,671 | €170,411 | €164,109 | ▼ 3.7% |
| Current portion of amounts payable after more than one year42 | - | €0 | €26,349 | €18,891 | €9,757 | ▼ 48.3% |
| Financial debts43 | - | €26,540 | €91,295 | €29,739 | €82,878 | ▲ 179% |
| Credit institutions430/8 | - | €26,540 | €91,295 | €29,739 | €82,878 | ▲ 179% |
| Trade debts44 | €122,572 | €32,162 | €168,217 | €36,921 | €18,958 | ▼ 48.7% |
| Suppliers440/4 | - | €32,162 | €168,217 | €36,921 | €18,958 | ▼ 48.7% |
| Taxes, remuneration and social security45 | - | €105,898 | €91,822 | €67,206 | €50,850 | ▼ 24.3% |
| Taxes450/3 | - | €43,789 | €1,208 | €984 | €950 | ▼ 3.5% |
| Remuneration and social security454/9 | - | €62,109 | €90,614 | €66,221 | €49,900 | ▼ 24.6% |
| Other amounts payable47/48 | - | €4,824 | €15,988 | €17,654 | €1,666 | ▼ 90.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €162,005 | €150,870 | €109,732 | €155,066 | €166,709 | ▲ 7.5% |
| + Depreciation and write-downs630 | €66,687 | €74,768 | €90,750 | €96,843 | €86,737 | ▼ 10.4% |
| Operating cash flow (approximation) | €228,692 | €225,638 | €200,482 | €251,909 | €253,445 | ▲ 0.6% |
| Investment in fixed assets (approximation) | - | -€132,209 | -€51,480 | -€53,563 | -€78,360 | ▼ 46.3% |
| Change in cash | - | -€221,839 | €71,801 | €30,029 | -€136,928 | ▼ 556% |
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
2025
02-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 33 days late
2024
31-12
Financial
Equity above €1mEq €1.0m ▲7.6%
7 profitable years in a row build equity to €1.0m.
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 71 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 4.87
Current ratio from 2.22 to 4.87; short-term debt falls from €393,671 to €170,411.
27-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 119 days late
2022
05-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 127 days late
2021
12-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 134 days late
2020
01-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 123 days late
2019
31-12
Financial
Highest result since 2018net €167,866 ▲79.2%
Operating result €263,859, net result €167,866, both a record.
06-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 128 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, De Haan · 1 establishment unit since 1986
Ground area
7,309 m²
Building footprint
605 m²
Volume, LiDAR
2,774 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELECTRO DEBREE NV
since 19862.035.272.509
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31038B0226/00C000 | Flanders | 5,400 m² | 1 · 243 m² | 8.2 m · 2 fl. |
| 31038B0225/00P000 | Flanders | 1,909 m² | 1 · 361 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 2023 · 2 entries · 927 EUR awarded · 927 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 750 EUR | 750 EUR |
| 2022 | 1 | 177 EUR | 177 EUR |
Recognitions · licences · registrations
Recognised contractor
4 categoriesELECTRO DEBREE NV22287
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 4,541 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-07-1986
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429248358
Also
9925:BE0429248358
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.