Electro Gérard
ActiveThe computed 12-month bankruptcy probability of Electro Gérard is 1.9% (moderate). The 2025 annual accounts show equity of €305k and a net result of €43k. Equity is growing by ~38.5% per year across the filed fiscal years. Its solvency ranks better than 34% of 27711 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-23
Solvency58▼-42
Growth78=
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 3.12 against 22.7 in 2024; short-term debt: 6.4% and cash: 19.2% of total assets), but 67.3% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
32.7%
Return on assets
4.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-03-2026, 129 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
129 d early
2024
77 d early
2023
110 d early
2022
45 d early
2021
87 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€305k▲ 16.4%
2024 · €262k
2021: €12k
2022: €82k
2023: €192k
2024: €262k
2021 → 2025
Total assets
€935k▲ 210%
2024 · €301k
2021: €54k
2022: €129k
2023: €266k
2024: €301k
2021 → 2025
Net result
€43k▼ 39.0%
2024 · €71k
2021: €7k
2022: €70k
2023: €110k
2024: €71k
2021 → 2025
Working capital
€127k▼ 49.2%
2024 · €251k
2021: €1k
2022: €18k
2023: €167k
2024: €251k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€12k-€82k▲ 560%€192k▲ 134%€262k▲ 36.8%€305k▲ 16.4%
Operating result€7k-€95k▲ 1,286%€166k▲ 73.9%€98k▼ 40.9%€67k▼ 31.5%
Net result€7k-€70k▲ 837%€110k▲ 58.2%€71k▼ 35.8%€43k▼ 39.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €935k
Fixed assets
€747k▲ 1,810%
Current assets
€187k▼ 28.5%
Equity and liabilities €935k
Equity
€305k▲ 16.4%
Debt
€629k▲ 1,523%
The debt ratio rises from 12.9% to 67.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€88k▼
2024 · €116k
Cash flow
€64k▼
2024 · €89k
Solvency
32.7%▼
2024 · 87.1%
Current ratio
3.12▼
2024 · 22.70
Quick ratio
3.12▼
2024 · 22.70
Debt / equity
2.06▲
2024 · 0.15
ROE
14.1%▼
2024 · 26.9%
ROA
4.6%▼
2024 · 23.4%
Interest coverage
19.80▼
2024 · 115.49
Debt
€629k▲
2024 · €39k
Debt ≤ 1 year
€60k▲
2024 · €12k
Debt > 1 year
€569k▲
2024 · €27k
Income taxes
€21k▼
2024 · €28k
Staff costs
€507▼
2024 · €798
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€301k€935k▲
Fixed assets21/28€39k€747k▲
Tangible fixed assets22/27€39k€747k▲
Land and buildings22-€721k
Plant, machinery and equipment23€905€6k▲
Furniture and vehicles24€38k€20k▼
Current assets29/58€262k€187k▼
Amounts receivable within one year40/41€70k€8k▼
Trade receivables40€64k€3k▼
Other amounts receivable41€6k€5k▼
Cash at bank and in hand54/58€192k€180k▼
Equity and liabilities
Total equity and liabilities10/49€301k€935k▲
Equity10/15€262k€305k▲
Contributions10/11€5k€5k=
Reserves13€257k€300k▲
Distributable reserves133€257k€300k▲
Amounts payable17/49€39k€629k▲
Amounts payable after more than one year17€27k€569k▲
Financial debts170/4€846€565k▲
Other amounts payable178/9€26k€4k▼
Amounts payable within one year42/48€12k€60k▲
Current portion of amounts payable after more than one year42€5k€33k▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Advances received on contracts in progress46€1k€1k=
Taxes, remuneration and social security45€4k€24k▲
Taxes450/3€4k€21k▲
Remuneration and social security454/9-€3k
Income statement
Code20242025
Remuneration, social security and pensions62€798€507▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€21k▲
Other operating charges640/8€705€87k▲
Gross operating margin9900€118k€176k▲
Operating profit (loss)9901€98k€67k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€1k€4k▲
Recurring financial charges65€1k€4k▲
Profit (loss) for the period before taxes9903€98k€64k▼
Income taxes67/77€28k€21k▼
Profit (loss) for the period9904€71k€43k▼
Profit (loss) for the period to be appropriated9905€71k€43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€71k€43k▼
Transfer to equity691/2€71k€43k▼
To other reserves6921€71k€43k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 5current ratio 22.70
Current ratio from 4.88 to 22.70; short-term debt falls from €43k to €12k.
31-12
Financial
Equity above €200kEq €262k ▲36.8%
4 profitable years in a row build equity to €262k.
12-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €110k ▲58.2%
Operating result €166k, net result €110k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.88
Current ratio from 1.51 to 4.88.
31-12
Financial
Equity above €150kEq €192k ▲134%
3 profitable years in a row build equity to €192k.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro 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, Middelkerke · 1 establishment unit since 2021
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.
Diksmuidestraat 888433 MiddelkerkeGround area
211 m²
Building footprint
169 m²
Volume, LiDAR
962 m³
Parcel 35017B0019/00M000, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Electro Gérard
since 20212.312.848.796
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35017B0019/00M000 | Flanders | 211 m² | 1 · 169 m² | 11.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,123 companies in sector 43212 we hold annual accounts for 420. 301 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-01-2021
Fiscal year end31-12
Activities, NACEBEL
43212Electrical installation work in industrial facilities
43211General electrical installation work
43240Other construction installation
43299Specialised construction activities
46431Wholesale of electrical household appliances and audio-video equipment
46474Wholesale trade
47540Retail sale of electrical household appliances
47552Retail sale of lighting equipment
47592Retail trade
73110Advertising agencies
95220Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.