Equity
-€110,183
Debts exceed assets in financial year 2025.
Electro Eulaerts
Lifetime
20 annual accounts with figures on one time axis, 24 filings since 2002peak €364,520 (2023)
€220,494▼ 10.8%
lowest -€142,750 (2025)
-€142,750▼ €87,023
peak €88,294 (2023)
-€110,183▼ €142,750
€862,789▼ 2.2%
peak 6.3 FTE (2023)
4.7 FTE▼ 6.0%
Board1 name since 2021
1 directorEulaerts Patrick
Documentsfilings and deeds
25-03-202636 days before the deadline
2025abbreviated format
Loss of €142,750Equity from €32,567 to -€110,183Cash from €2,875 to €4,529
Key points
from the 2025 annual accountsResult
-€142,750 ▼ 156%
The result fell in 2025 from -€55,727 to -€142,750.
Debts
€862,789 115% of the balance sheet
Financial debts 67%Suppliers 23%Taxes and wages 3%Other 8%
Of this, €424,287 falls due within a year.
Staff
4.7 FTE from 6.3 in 2023
Between 2023 and 2025, 25% of the full-time equivalents disappeared.
Filings
24 annual accounts since 2002
The last five annual accounts were filed 11 to 46 days before the end of the period.
Position in the sector
-14.6%
Lower solvency than 95% of companies in specialised construction. Sector median 44.0% · 9,974 companies.
Checked score
32
Weak
Financially stronger than 6% of micro companies in specialised construction (NACE 43)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
7.1% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 1.6%● unchanged vs 12-2024
02-2025: 1.6%● unchanged vs 01-2025
03-2025: 1.5%▼ -0.1 percentage points vs 02-2025lowest value
04-2025: 1.8%▲ +0.3 percentage points vs 03-2025
05-2025: 2.1%▲ +0.3 percentage points vs 04-2025
06-2025: 2.1%● unchanged vs 05-2025
07-2025: 2.1%● unchanged vs 06-2025
08-2025: 2.1%● unchanged vs 07-2025
09-2025: 2.1%● unchanged vs 08-2025
10-2025: 2.1%● unchanged vs 09-2025
11-2025: 2.1%● unchanged vs 10-2025
12-2025: 2.1%● unchanged vs 11-2025
01-2026: 2.1%● unchanged vs 12-2025
02-2026: 2.1%● unchanged vs 01-2026
03-2026: 1.9%▼ -0.2 percentage points vs 02-2026
04-2026: 5.9%▲ +4.0 percentage points vs 03-2026
05-2026: 5.9%● unchanged vs 04-2026
06-2026: 5.9%● unchanged vs 05-2026
07-2026: 5.9%● unchanged vs 06-2026
08-2026: 5.9%● unchanged vs 07-2026
09-2026: 5.9%● unchanged vs 08-2026
10-2026: 5.9%● unchanged vs 09-2026
11-2026: 7.1%▲ +1.2 percentage points vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€110,183
Loss of €142,750, the second in a row (financial year 2025)
Sector: Specialised construction activities (NACE 43)
1 change of registered office in 24 months
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 6% of them on solvency, 12% on liquidity, 4% on profitability and 1% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,619 companies had the same profile as Electro Eulaerts has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Electro Eulaerts itself is higher: 7.1% within 12 months. It rests on far more data about Electro Eulaerts than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for Electro Eulaerts. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.7 (1.03 in 2024), below 1. Short-term debt is 56.4% and cash 0.6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 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 days early
2024
26 days early
2023
46 days early
2022
46 days early
2021
11 days early
2020
on the day
2019
13 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 25 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 25 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end11-11-2026 today30-04-2027 deadline
Recent changes
Registered office moved within Machelen
New registered office: Trawoollaan 1 bus 1, 1830 Machelen · Previous registered office: Leeuwerikenlaan 25, 1830 Machelen · Board meeting of 30-10-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0476251093
Purpose change · Amendment of the articles · Legal-form change · Resignations & appointments
“nieuw artikel 3 zoals hernomen in nieuwe tekst van statuten” (deed in Dutch) · General meeting of 08-11-2023 · Gazette deed
First establishment
Trawoollaan 1, Machelen (Brab.)
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Electro Eulaerts Machelen (Brab.) | €752,606 | €220,494 | -14.6% | 4.7 |
| AMBIANCE CONCEPT Morlanwelz | €751,214 | €249,276 | 24.2% | 5.3 |
| TOP SAFETY SYSTEM Profondeville | €786,790 | €236,947 | 20.1% | 5.9 |
| DVE ELEKTRICITEIT Zemst | €601,346 | €345,562 | 64.0% | 5.6 |
| Entreprise Deschamps Braine-le-Château | €936,413 | €253,521 | 28.2% | 4.4 |
| ELEKTRO E. & A. TANGHE Gistel | €578,294 | €195,609 | 78.3% | 3.5 |
| A I Electro Technics Tessenderlo-Ham | €704,863 | €286,503 | 43.4% | 5.6 |
These companies have the same main activity as Electro Eulaerts: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €578,000 and €936,000, founded between 1999 and 2007.
Official details
Source: KBO- Status
- Active since 06-12-2001Normal situation
- Activity
- General electrical installation workNACE 43211
- Establishment unit
- 2.100.510.0561830 Machelen (Brab.), since 18-02-2002
- Financial year end
- 30 September
- Peppol
- Reachable since 15-07-2025
Annual accounts to 30-09-2025
- ≈ €630,000estimated
- €752,606▼ 17.7%
- Employeeson 30-09-2025
- 4▼ 20.0%
- Filing
- Filed on 25-03-2026, 36 days before the end of the filing period
Insights on Electro Eulaerts
Electro Eulaerts files the abbreviated format. That format states no turnover. The gross margin rose from €68,007 in 2006 to €220,494 in 2025.
The balance sheet grew most from 2007 to 2009 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Electro Eulaerts
- What is the company number of Electro Eulaerts?
- The company number of Electro Eulaerts is 0476.251.093. The VAT number is the same number with BE in front: BE 0476.251.093.
- Where is Electro Eulaerts based?
- The registered office is at Trawoollaan 1, 1830 Machelen (Brab.).Company details
- What does Electro Eulaerts do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of Electro Eulaerts?
- Electro Eulaerts is a private limited company (BV).
- When was Electro Eulaerts founded?
- Electro Eulaerts was founded on 06-12-2001.
- Is Electro Eulaerts still active?
- Yes, Electro Eulaerts is an active enterprise in the KBO register.
- How many employees does Electro Eulaerts have?
- Electro Eulaerts had an average of 4.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Electro Eulaerts?
- The turnover in financial year 2025 is ≈ €630,000. This figure is estimated from the gross margin of €220,494 and 57 comparable companies (NACE 43211). It probably lies between €470,000 and €770,000.
- Is Electro Eulaerts profitable?
- In financial year 2025, Electro Eulaerts made a loss of €142,750.
- Where can I find the annual accounts of Electro Eulaerts?
- Electro Eulaerts filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Electro Eulaerts due?
- Electro Eulaerts must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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