ELECTRO G.P.
ActiveELECTRO G.P. has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.35M and a net result of €-71k. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 75% of 304 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability64▼-5
Solvency92▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days only on tighter terms
Liquidity short (current ratio 0.89 against 1.06 in 2023; short-term debt: 20.6% and cash: 5.8% of total assets), and 32.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
67.2%
Return on assets
-3.5%
Age of the figures
21 mo
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 01-11-2025, 93 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
93 d late
2023
111 d late
2022
66 d early
2021
33 d early
2020
43 d early
2019
27 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.35M▼ 5.0%
2023 · €1.42M
2018: €1.17M
2019: €1.20M
2020: €1.23M
2021: €1.26M
2022: €1.41M
2023: €1.42M
2018 → 2024
Total assets
€2.01M▼ 3.5%
2023 · €2.09M
2018: €2.57M
2019: €2.46M
2020: €2.41M
2021: €2.72M
2022: €2.87M
2023: €2.09M
2018 → 2024
Net result
€-71k
2023 · €10k
2018: €22k
2019: €30k
2020: €34k
2021: €27k
2022: €155k
2023: €10k
2018 → 2024
Working capital
€-47k
2023 · €21k
2018: €643k
2019: €691k
2020: €370k
2021: €122k
2022: €201k
2023: €21k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.23M-€1.26M▲ 2.2%€1.41M▲ 12.4%€1.42M▲ 0.7%€1.35M▼ 5.0%
Operating result€50k-€22k▼ 55.7%€201k▲ 803%€34k▼ 83.2%€-48k
Net result€34k-€27k▼ 21.6%€155k▲ 486%€10k▼ 93.4%€-71k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €48k after €34k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.01M
Fixed assets
€1.64M▼ 2.9%
Current assets
€368k▼ 6.4%
Equity and liabilities €2.01M
Equity
€1.35M▼ 5.0%
Provisions
€12k▼ 12.5%
Debt
€648k▼ 0.3%
The debt ratio rises from 31.1% to 32.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€208k▼
2023 · €269k
Cash flow
€185k▼
2023 · €245k
Solvency
67.2%▼
2023 · 68.2%
Current ratio
0.89▼
2023 · 1.06
Quick ratio
0.61▼
2023 · 0.73
Debt / equity
0.48▲
2023 · 0.46
ROE
-5.2%▼
2023 · 0.7%
ROA
-3.5%▼
2023 · 0.5%
Interest coverage
7.86▲
2023 · 7.42
Debt
€648k▼
2023 · €649k
Debt ≤ 1 year
€414k▲
2023 · €372k
Debt > 1 year
€222k▼
2023 · €277k
Income taxes
€-2k▼
2023 · €3k
Staff costs
€422k▲
2023 · €372k
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€2.09M€2.01M▼
Fixed assets21/28€1.69M€1.64M▼
Intangible fixed assets21€20k€25k▲
Tangible fixed assets22/27€1.67M€1.62M▼
Land and buildings22€974k€865k▼
Plant, machinery and equipment23€303k€317k▲
Furniture and vehicles24€6k€108k▲
Leasing and similar rights25€390k€328k▼
Financial fixed assets28€1k€1k▲
Current assets29/58€393k€368k▼
Stocks and contracts in progress3€121k€115k▼
Stocks30/36€121k€115k▼
Amounts receivable within one year40/41€81k€134k▲
Trade receivables40€49k€68k▲
Other amounts receivable41€32k€65k▲
Current investments50/53€496€496=
Cash at bank and in hand54/58€143k€117k▼
Deferred charges and accrued income490/1€47k€2k▼
Equity and liabilities
Total equity and liabilities10/49€2.09M€2.01M▼
Equity10/15€1.42M€1.35M▼
Contributions10/11€19k€19k=
Reserves13€1.40M€1.33M▼
Tax-exempt reserves132€42k€37k▼
Distributable reserves133€1.36M€1.30M▼
Provisions and deferred taxes16€14k€12k▼
Deferred taxes168€14k€12k▼
Amounts payable17/49€649k€648k▼
Amounts payable after more than one year17€277k€222k▼
Financial debts170/4€276k€220k▼
Other amounts payable178/9€2k€2k=
Amounts payable within one year42/48€372k€414k▲
Current portion of amounts payable after more than one year42€62k€47k▼
Financial debts43-€20k
Credit institutions430/8-€20k
Trade debts44€66k€47k▼
Suppliers440/4€66k€47k▼
Advances received on contracts in progress46€70k€70k=
Taxes, remuneration and social security45€66k€43k▼
Taxes450/3€28k-
Remuneration and social security454/9€38k€43k▲
Other amounts payable47/48€108k€187k▲
Accrued charges and deferred income492/3-€12k
Income statement
Code20232024
Remuneration, social security and pensions62€372k€422k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€235k€256k▲
Other operating charges640/8€22k€21k▼
Gross operating margin9900€663k€651k▼
Operating profit (loss)9901€34k€-48k▼
Financial income75/76B€14k€197▼
Recurring financial income75€14k€197▼
Financial charges65/66B€36k€26k▼
Recurring financial charges65€36k€26k▼
Profit (loss) for the period before taxes9903€11k€-74k▼
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€3k€-2k▼
Profit (loss) for the period9904€10k€-71k▼
Transfer from tax-exempt reserves789€5k€5k=
Profit (loss) for the period to be appropriated9905€16k€-65k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€-65k▼
Transfer from equity791/2-€65k
Transfer to equity691/2€16k-
To other reserves6921€16k-
Social balance
Average headcount (FTE)90878.19.8▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 93 days late
2024
31-12
Financial
Weakest financial yearnet €-71k ▼786%
Net result drops to €-71k, the lowest in the series.
19-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 111 days late
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €155k ▲486%
Operating result €201k, net result €155k, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Beveren-Kruibeke-Zwijndrecht · 2 establishment units since 1991
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.
Verbrandendijk 692070 Beveren-Kruibeke-ZwijndrechtGround area
6,322 m²
Building footprint
2,693 m²
Volume, LiDAR
16,384 m³
2 parcels, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Verbrandendijk 69, 2070 Beveren-Kruibeke-Zwijndrecht
since 19912.054.778.714
Nieuwlandstraat(MEL) 6, 9120 Beveren-Kruibeke-Zwijndrecht
since 20132.230.635.061
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46016F0460/00D000 | Flanders | 4,821 m² | 1 · 2,224 m² | 7.5 m · 2 fl. |
| 11056B0875/00K003 | Flanders | 1,501 m² | 1 · 468 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 2025 · 7 entries · 86,097 EUR awarded · 85,828 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 24,508 EUR | 24,508 EUR |
| 2024 | 3 | 23,708 EUR | 23,439 EUR |
| 2023 | 1 | 20,336 EUR | 20,336 EUR |
| 2022 | 1 | 17,545 EUR | 17,545 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Individueel Maatwerk
Hinderpremie bij openbare werken
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 620 companies in sector 31002 we hold annual accounts for 350. 200 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-10-1991
Fiscal year end31-12
Activities, NACEBEL
31002Manufacture of furniture
47540Retail sale of electrical household appliances
52450
31009Manufacture of furniture
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.