ELECTRO DELFORCE WILLY
ActiveSummary
ELECTRO DELFORCE WILLY has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €419,301 and a net result of €64,861. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 83% of 7967 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+9
Solvency100▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 3.77 against 3.12 in 2024; short-term debt: 22% and cash: 18.5% of total assets), and 25.1% 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 2025Solvency, return and age of the figures
Solvency
74.9%
Return on assets
11.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
2 d early
2023
30 d late
2022
31 d late
2021
31 d late
2020
23 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 25 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 (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€419,301▲ 16.7%
2024 · €359,440
Total assets
€559,830▲ 7.9%
2024 · €518,721
Net result
€64,861▲ 176%
2024 · €23,497
Working capital
€341,437▲ 25.8%
2024 · €271,506
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€48,721▼ 1.6%€83,826▲ 72.1%€94,518▲ 12.8%€37,674▼ 60.1%€91,632▲ 143%
Net result€35,554within the sector's middle half▼ 2.5%€60,599within the sector's middle half▲ 70.4%€68,632within the sector's middle half▲ 13.3%€23,497within the sector's middle half▼ 65.8%€64,861within the sector's middle half▲ 176%
Equity€230,712within the sector's middle half▲ 11.4%€279,311within the sector's middle half▲ 21.1%€335,944within the sector's middle half▲ 20.3%€359,440within the sector's middle half▲ 7.0%€419,301within the sector's middle half▲ 16.7%
Total assets€407,543below the sector's middle half▲ 5.0%€604,417within the sector's middle half▲ 48.3%€590,331within the sector's middle half▼ 2.3%€518,721within the sector's middle half▼ 12.1%€559,830within the sector's middle half▲ 7.9%
Debt€176,830▼ 2.3%€325,106▲ 83.9%€254,387▼ 21.8%€159,281▼ 37.4%€140,529▼ 11.8%
Working capital€154,355within the sector's middle half▲ 16.5%€195,458within the sector's middle half▲ 26.6%€249,259within the sector's middle half▲ 27.5%€271,506within the sector's middle half▲ 8.9%€341,437within the sector's middle half▲ 25.8%
Solvency56.6%within the sector's middle half▲ 3.2pp46.2%within the sector's middle half▼ 10.4pp56.9%within the sector's middle half▲ 10.7pp69.3%above the sector's middle half▲ 12.4pp74.9%above the sector's middle half▲ 5.6pp
Current ratio2.01within the sector's middle half▲ 0.141.65within the sector's middle half▼ 0.362.13within the sector's middle half▲ 0.483.12above the sector's middle half▲ 0.993.77above the sector's middle half▲ 0.65
Return on assets (ROA)8.7%within the sector's middle half▼ 0.7pp10.0%within the sector's middle half▲ 1.3pp11.6%within the sector's middle half▲ 1.6pp4.5%within the sector's middle half▼ 7.1pp11.6%within the sector's middle half▲ 7.1pp
Staff (FTE)3.7within the sector's middle half▼ 19.6%3.3within the sector's middle half▼ 10.8%2.8within the sector's middle half▼ 15.2%3.8within the sector's middle half▲ 35.7%2.8within the sector's middle half▼ 26.3%
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 schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 143% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €559,830
Fixed assets
€95,129 ▼ 20.3%
Current assets
€464,700 ▲ 16.3%
Equity and liabilities €559,830
Equity
€419,301 ▲ 16.7%
Debt
€140,529 ▼ 11.8%
Debt's share of the balance-sheet total falls from 30.7% to 25.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€115,803▲
2024 · €60,198
Cash flow
€89,032▲
2024 · €46,021
Quick ratio
2.86▲
2024 · 1.71
Debt to equity
0.34▼
2024 · 0.44
ROE
15.5%▲
2024 · 6.5%
Interest coverage
30.44▲
2024 · 10.56
Debt ≤ 1 year
€123,264▼
2024 · €127,914
Debt > 1 year
€17,265▼
2024 · €31,367
Income taxes
€23,332▲
2024 · €9,088
Staff costs
€108,467▼
2024 · €142,358
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% 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 497,340 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 31,371 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 | €4,111 | - | €215 | €1,750 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €179,797 | €136,934 | €139,846 | €142,358 | €108,467 | ▼ 23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,110 | €31,723 | €18,569 | €22,524 | €24,171 | ▲ 7.3% |
| Other operating charges640/8 | €1,319 | €1,439 | €1,599 | €1,525 | €1,500 | ▼ 1.6% |
| Gross operating margin9900 | €255,948 | €253,922 | €254,532 | €204,081 | €225,771 | ▲ 10.6% |
| Operating profit (loss)9901 | €48,721 | €83,826 | €94,518 | €37,674 | €91,632 | ▲ 143% |
| Financial income75/76B | - | - | €327 | €611 | €365 | ▼ 40.3% |
| Recurring financial income75 | - | - | €327 | €611 | €365 | ▼ 40.3% |
| Financial charges65/66B | €3,482 | €3,227 | €4,383 | €5,700 | €3,804 | ▼ 33.3% |
| Recurring financial charges65 | €3,482 | €3,227 | €4,383 | €5,700 | €3,804 | ▼ 33.3% |
| Profit (loss) for the period before taxes9903 | €45,238 | €80,599 | €90,462 | €32,584 | €88,193 | ▲ 171% |
| Income taxes67/77 | €9,684 | €20,000 | €21,829 | €9,088 | €23,332 | ▲ 157% |
| Profit (loss) for the period9904 | €35,554 | €60,599 | €68,632 | €23,497 | €64,861 | ▲ 176% |
| Profit (loss) for the period to be appropriated9905 | €35,554 | €60,599 | €68,632 | €23,497 | €64,861 | ▲ 176% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €407,543 | €604,417 | €590,331 | €518,721 | €559,830 | ▲ 7.9% |
| Fixed assets21/28 | €100,012 | €106,982 | €120,562 | €119,301 | €95,129 | ▼ 20.3% |
| Tangible fixed assets22/27 | €100,012 | €106,982 | €120,562 | €119,301 | €95,129 | ▼ 20.3% |
| Land and buildings22 | €57,432 | €55,166 | €53,954 | €52,741 | €51,529 | ▼ 2.3% |
| Plant, machinery and equipment23 | €1,928 | €4,356 | €3,336 | €2,315 | €1,938 | ▼ 16.3% |
| Furniture and vehicles24 | €40,653 | €47,461 | €63,272 | €64,244 | €41,662 | ▼ 35.1% |
| Current assets29/58 | €307,531 | €497,435 | €469,769 | €399,420 | €464,700 | ▲ 16.3% |
| Stocks and contracts in progress3 | €143,450 | €186,678 | €165,813 | €180,512 | €112,575 | ▼ 37.6% |
| Stocks30/36 | €70,381 | €99,799 | €72,430 | €93,628 | €112,575 | ▲ 20.2% |
| Contracts in progress37 | €73,070 | €86,879 | €93,383 | €86,884 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €83,582 | €110,518 | €189,578 | €148,499 | €242,382 | ▲ 63.2% |
| Trade receivables40 | €72,496 | €73,732 | €149,997 | €115,719 | €205,695 | ▲ 77.8% |
| Other amounts receivable41 | €11,086 | €36,786 | €39,581 | €32,780 | €36,686 | ▲ 11.9% |
| Cash at bank and in hand54/58 | €72,566 | €193,102 | €110,623 | €63,048 | €103,346 | ▲ 63.9% |
| Deferred charges and accrued income490/1 | €7,933 | €7,137 | €3,756 | €7,361 | €6,398 | ▼ 13.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €407,543 | €604,417 | €590,331 | €518,721 | €559,830 | ▲ 7.9% |
| Equity10/15 | €230,712 | €279,311 | €335,944 | €359,440 | €419,301 | ▲ 16.7% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €205,712 | €254,311 | €310,944 | €334,440 | €394,301 | ▲ 17.9% |
| Non-distributable reserves130/1 | €11,500 | €11,500 | €11,500 | €0 | - | - |
| Reserves not available under the articles1311 | €11,500 | €11,500 | €11,500 | €0 | - | - |
| Tax-exempt reserves132 | €13,734 | €13,734 | €13,734 | €13,734 | €13,734 | = |
| Distributable reserves133 | €180,478 | €229,077 | €285,709 | €320,706 | €380,567 | ▲ 18.7% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €176,830 | €325,106 | €254,387 | €159,281 | €140,529 | ▼ 11.8% |
| Amounts payable after more than one year17 | €23,388 | €22,883 | €33,877 | €31,367 | €17,265 | ▼ 45.0% |
| Financial debts170/4 | €23,388 | €22,883 | €33,877 | €31,367 | €17,265 | ▼ 45.0% |
| Amounts payable within one year42/48 | €153,176 | €301,978 | €220,511 | €127,914 | €123,264 | ▼ 3.6% |
| Current portion of amounts payable after more than one year42 | €24,061 | €25,366 | €21,155 | €21,481 | €14,102 | ▼ 34.4% |
| Financial debts43 | - | - | - | €2,809 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €2,809 | €0 | ▼ 100% |
| Trade debts44 | €88,325 | €129,593 | €146,428 | €92,063 | €81,020 | ▼ 12.0% |
| Suppliers440/4 | €88,325 | €129,593 | €146,428 | €92,063 | €81,020 | ▼ 12.0% |
| Advances received on contracts in progress46 | - | €104,595 | €10,185 | €0 | - | - |
| Taxes, remuneration and social security45 | €14,088 | €21,922 | €30,742 | €11,562 | €23,142 | ▲ 100% |
| Taxes450/3 | €2,184 | €15,010 | €17,541 | €2,922 | €13,649 | ▲ 367% |
| Remuneration and social security454/9 | €11,904 | €6,912 | €13,202 | €8,640 | €9,493 | ▲ 9.9% |
| Other amounts payable47/48 | €26,702 | €20,501 | €12,000 | €0 | €5,000 | - |
| Accrued charges and deferred income492/3 | €267 | €246 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,554 | €60,599 | €68,632 | €23,497 | €64,861 | ▲ 176% |
| + Depreciation and write-downs630 | €26,110 | €31,723 | €18,569 | €22,524 | €24,171 | ▲ 7.3% |
| Operating cash flow (approximation) | €61,665 | €92,322 | €87,202 | €46,021 | €89,032 | ▲ 93.5% |
| Investment in fixed assets (approximation) | - | -€38,693 | -€32,149 | -€21,264 | €0 | ▲ 100% |
| Change in cash | - | €120,536 | -€82,479 | -€47,575 | €40,298 | ▲ 185% |
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
01-09
State Gazette act
Appointment: Sherly Verhaeghe (director)2 facts ▸
State Gazette act
Appointment: Sherly Verhaeghe (director)
2 facts ▸
- General meeting, 09-05-2026
- Director appointment, Sherly Verhaeghe (director)
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €23,497 ▼65.8%
Net result drops to €23,497, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €68,632 ▲13.3%
Operating result €94,518, net result €68,632, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
31-12
Financial
Equity above €200,000Eq €207,158 ▲13.4%
3 profitable years in a row build equity to €207,158.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2025
Sherly Verhaeghe
CurrentDirector · since 31-12-2025
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Roeselare · 2 establishment units since 2005
Ground area
702 m²
Building footprint
333 m²
Volume, LiDAR
1,828 m³
2 parcels, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
ELECTRO DELFORCE WILLY
since 20052.146.360.174
Heilig-Hartstraat 66, 8800 Roeselare
since 20212.321.790.911
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36503C0983/00Z000 | Flanders | 578 m² | 1 · 242 m² | 11.8 m · 1 fl. |
| 36502B0545/00Z009 | Flanders | 124 m² | 1 · 91 m² | 11.8 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.
Mandate history
1 person since 2025, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Sherly Verhaeghe |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Director
Shareholding
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Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 2,954 EUR awarded · 2,954 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 1 | 954 EUR | 954 EUR |
Recognitions · licences · registrations
Recognised contractor
1 categoryELECTRO DELFORCE WILLY BV43609
Dual-learning approval
4 live approvals · 5 endedElektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
Show 5 ended approvals
Installateur elektrotechnische basiscomponenten duaal (so)
Residentieel elektrotechnisch installateur (so)
Residentieel elektrotechnisch installateur (so)
Elektrische installaties duaal (so)
Elektrotechnisch installateur (vwo)
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Company details
Identification
Legal formPrivate limited company
Founded07-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0873035929
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.