Electro Eulaerts
ActiveSummary
Electro Eulaerts has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€110,183) and a net result of -€142,750. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 5% of 7868 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-20
Solvency10▼-19
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.7 against 1.03 in 2024; short-term debt: 56.4% and cash: 0.6% of total assets), and equity is negative.
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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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-14.6%
Return on assets
-19%
Age of the figures
12 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€110,183
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 25-03-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
26 d early
2023
46 d early
2022
46 d early
2021
11 d early
2020
on the day
2019
13 d early
← 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 before 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€110,183
2024 · €32,567
Total assets
€752,606▼ 17.7%
2024 · €914,575
Net result
-€142,750▼ 156%
2024 · -€55,727
Working capital
-€126,414
2024 · €11,617
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
Line20212022202320242025
Operating result€25,610▲ 40.3%€73,616▲ 187%€58,031▼ 21.2%-€10,311-€103,787▼ 907%
Net result-€358€39,903€14,011▼ 64.9%-€55,727-€142,750▼ 156%
Equity€34,379▼ 1.0%€74,282▲ 116%€88,294▲ 18.9%€32,567▼ 63.1%-€110,183
Total assets€574,811▲ 19.7%€584,459▲ 1.7%€1.0m▲ 75.9%€914,575▼ 11.1%€752,606▼ 17.7%
Debt€540,432▲ 21.3%€510,177▼ 5.6%€939,941▲ 84.2%€882,009▼ 6.2%€862,789▼ 2.2%
Working capital€31,817▲ 18.6%€118,101▲ 271%€60,689▼ 48.6%€11,617▼ 80.9%-€126,414
Staff (FTE)4.8▼ 4.0%6.1▲ 27.1%6.3▲ 3.3%5▼ 20.6%4.7▼ 6.0%
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 stays negative: a loss of €103,787 in 2025 against €10,311 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €752,606
Fixed assets
€454,733 ▼ 10.8%
Current assets
€297,874 ▼ 26.4%
Key figures and ratios
EBITDA
-€47,768▼
2024 · €48,189
Cash flow
-€86,730▼
2024 · €2,773
Solvency
-14.6%▼
2024 · 3.6%
Current ratio
0.70▼
2024 · 1.03
Quick ratio
0.42▼
2024 · 0.63
Debt to equity
-7.83▼
2024 · 27.08
ROA
-19.0%▼
2024 · -6.1%
Interest coverage
-1.21▼
2024 · 1.06
Debt ≤ 1 year
€424,287▲
2024 · €393,361
Debt > 1 year
€435,953▼
2024 · €488,648
Income taxes
€161▲
2024 · €143
Staff costs
€265,726▲
2024 · €190,351
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2,500 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €189,026 | €231,034 | €253,315 | €190,351 | €265,726 | ▲ 39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,185 | €31,593 | €46,159 | €58,500 | €56,019 | ▼ 4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€7,577 | - | - | - | - | - |
| Other operating charges640/8 | €3,612 | €3,133 | €7,014 | €8,590 | €2,536 | ▼ 70.5% |
| Gross operating margin9900 | €244,856 | €339,376 | €364,520 | €247,130 | €220,494 | ▼ 10.8% |
| Operating profit (loss)9901 | €25,610 | €73,616 | €58,031 | -€10,311 | -€103,787 | ▼ 907% |
| Financial income75/76B | €331 | €671 | €1 | €61 | €515 | ▲ 746% |
| Recurring financial income75 | €331 | €671 | €1 | €61 | €515 | ▲ 746% |
| Financial charges65/66B | €17,401 | €16,312 | €35,461 | €45,334 | €39,317 | ▼ 13.3% |
| Recurring financial charges65 | €17,401 | €16,312 | €35,461 | €45,334 | €39,317 | ▼ 13.3% |
| Profit (loss) for the period before taxes9903 | €8,540 | €57,975 | €22,571 | -€55,584 | -€142,589 | ▼ 157% |
| Income taxes67/77 | €8,898 | €18,072 | €8,560 | €143 | €161 | ▲ 12.4% |
| Profit (loss) for the period9904 | -€358 | €39,903 | €14,011 | -€55,727 | -€142,750 | ▼ 156% |
| Transfer from tax-exempt reserves789 | €13,524 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €13,166 | €39,903 | €14,011 | -€55,727 | -€142,750 | ▼ 156% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €574,811 | €584,459 | €1.0m | €914,575 | €752,606 | ▼ 17.7% |
| Fixed assets21/28 | €186,837 | €165,115 | €567,149 | €509,598 | €454,733 | ▼ 10.8% |
| Tangible fixed assets22/27 | €186,837 | €165,115 | €567,149 | €509,598 | €454,733 | ▼ 10.8% |
| Land and buildings22 | €166,785 | €142,326 | €542,321 | €494,140 | €447,460 | ▼ 9.4% |
| Plant, machinery and equipment23 | €6,976 | €5,866 | €5,435 | €3,337 | €2,032 | ▼ 39.1% |
| Furniture and vehicles24 | €13,077 | €16,923 | €19,393 | €12,120 | €5,242 | ▼ 56.8% |
| Current assets29/58 | €387,974 | €419,344 | €461,086 | €404,977 | €297,874 | ▼ 26.4% |
| Stocks and contracts in progress3 | €104,062 | €123,083 | €158,237 | €158,500 | €118,814 | ▼ 25.0% |
| Stocks30/36 | €101,022 | €97,629 | €118,350 | €126,500 | €118,814 | ▼ 6.1% |
| Contracts in progress37 | €3,040 | €25,454 | €39,887 | €32,000 | - | - |
| Amounts receivable within one year40/41 | €268,757 | €261,055 | €251,767 | €230,609 | €168,446 | ▼ 27.0% |
| Trade receivables40 | €221,562 | €213,785 | €156,974 | €161,142 | €108,469 | ▼ 32.7% |
| Other amounts receivable41 | €47,195 | €47,269 | €94,793 | €69,468 | €59,977 | ▼ 13.7% |
| Cash at bank and in hand54/58 | €10,005 | €29,081 | €40,541 | €2,875 | €4,529 | ▲ 57.5% |
| Deferred charges and accrued income490/1 | €5,150 | €6,125 | €10,541 | €12,993 | €6,085 | ▼ 53.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €574,811 | €584,459 | €1.0m | €914,575 | €752,606 | ▼ 17.7% |
| Equity10/15 | €34,379 | €74,282 | €88,294 | €32,567 | -€110,183 | ▼ 438% |
| Contributions10/11 | €6,667 | €6,667 | €6,667 | €6,667 | €6,667 | = |
| Reserves13 | €26,575 | €66,478 | €80,490 | €78,490 | €78,490 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | - | - | - |
| Distributable reserves133 | €24,575 | €64,478 | €78,490 | €78,490 | €78,490 | = |
| Profit (loss) carried forward14 | €1,137 | €1,137 | €1,137 | -€52,590 | -€195,340 | ▼ 271% |
| Amounts payable17/49 | €540,432 | €510,177 | €939,941 | €882,009 | €862,789 | ▼ 2.2% |
| Amounts payable after more than one year17 | €184,276 | €208,934 | €539,544 | €488,648 | €435,953 | ▼ 10.8% |
| Financial debts170/4 | €184,276 | €208,934 | €539,544 | €488,648 | €435,953 | ▼ 10.8% |
| Amounts payable within one year42/48 | €356,156 | €301,242 | €400,397 | €393,361 | €424,287 | ▲ 7.9% |
| Current portion of amounts payable after more than one year42 | €24,211 | €25,341 | €50,075 | €53,184 | €52,695 | ▼ 0.9% |
| Financial debts43 | €81,482 | €82,728 | €115,336 | €137,850 | €142,095 | ▲ 3.1% |
| Credit institutions430/8 | €81,482 | €82,728 | €115,336 | €137,850 | €142,095 | ▲ 3.1% |
| Trade debts44 | €210,191 | €166,619 | €204,911 | €173,349 | €196,911 | ▲ 13.6% |
| Suppliers440/4 | €210,191 | €166,619 | €204,911 | €173,349 | €196,911 | ▲ 13.6% |
| Taxes, remuneration and social security45 | €16,538 | €26,321 | €22,040 | €18,976 | €22,786 | ▲ 20.1% |
| Taxes450/3 | €2,554 | €9,072 | €2,401 | €1,000 | €2,727 | ▲ 173% |
| Remuneration and social security454/9 | €13,985 | €17,249 | €19,639 | €17,976 | €20,059 | ▲ 11.6% |
| Other amounts payable47/48 | €23,734 | €234 | €8,034 | €10,001 | €9,801 | ▼ 2.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,548 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€358 | €39,903 | €14,011 | -€55,727 | -€142,750 | ▼ 156% |
| + Depreciation and write-downs630 | €34,185 | €31,593 | €46,159 | €58,500 | €56,019 | ▼ 4.2% |
| Operating cash flow (approximation) | €33,827 | €71,496 | €60,171 | €2,773 | -€86,730 | ▼ 3,228% |
| Investment in fixed assets (approximation) | - | -€9,870 | -€448,193 | -€949 | -€1,154 | ▼ 21.6% |
| Change in cash | - | €19,076 | €11,459 | -€37,665 | €1,653 | ▲ 104% |
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
25-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet -€142,750
Net result drops to -€142,750, the lowest in the series.
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €39,903
Net result €39,903 after one loss-making year.
19-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €17,568
Net result €17,568 after one loss-making year.
19-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-03
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.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Machelen (Brab.) · 1 establishment unit since 2002
Ground area
1,729 m²
Building footprint
205 m²
Volume, LiDAR
1,135 m³
Parcel 23047B0057/00E000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ELECTRO EULAERTS
since 20022.100.510.056
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23047B0057/00E000 | Flanders | 1,729 m² | 1 · 205 m² | 9.2 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 3,000 EUR awarded · 3,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 500 EUR | 500 EUR |
| 2022 | 1 | 500 EUR | 500 EUR |
Recognitions · licences · registrations
Dual-learning approval
2 live approvals · 2 endedElektrische installaties duaal (so)
Elektrotechnisch installateur (vwo)
Show 2 ended approvals
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,327. 8,081 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-12-2001
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.