ELECTRO GHYS
ActiveELECTRO GHYS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €551k and a net result of €23k. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-2
Solvency83▼-17
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.17 against 4.35 in 2024; short-term debt: 36.3% and cash: 38% of total assets), and 42.3% 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 · 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 · 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
57.7%
Return on assets
2.4%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
36 d early
2023
22 d early
2022
17 d early
2021
5 d early
2020
4 d early
2019
35 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close17-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€551k▼ 17.6%
2024 · €669k
2019: €412k
2020: €435k
2021: €518k
2022: €567k
2023: €642k
2024: €669k
2019 → 2025
Total assets
€955k▲ 12.7%
2024 · €847k
2019: €679k
2020: €684k
2021: €723k
2022: €809k
2023: €859k
2024: €847k
2019 → 2025
Net result
€23k▼ 15.3%
2024 · €27k
2019: €59k
2020: €23k
2021: €83k
2022: €84k
2023: €75k
2024: €27k
2019 → 2025
Working capital
€405k▼ 23.9%
2024 · €533k
2019: €293k
2020: €326k
2021: €403k
2022: €434k
2023: €512k
2024: €533k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€518k-€567k▲ 9.5%€642k▲ 13.2%€669k▲ 4.3%€551k▼ 17.6%
Operating result€87k-€95k▲ 8.7%€80k▼ 15.7%€20k▼ 74.4%€16k▼ 19.9%
Net result€83k-€84k▲ 1.1%€75k▼ 10.6%€27k▼ 63.4%€23k▼ 15.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 20% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €955k
Fixed assets
€203k▲ 30.5%
Current assets
€753k▲ 8.7%
Equity and liabilities €955k
Equity
€551k▼ 17.6%
Debt
€404k▲ 127%
The debt ratio rises from 21.0% to 42.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€45k▼
2024 · €53k
Cash flow
€52k▼
2024 · €60k
Solvency
57.7%▼
2024 · 79.0%
Current ratio
2.17▼
2024 · 4.35
Quick ratio
1.17▼
2024 · 1.54
Debt / equity
0.73▲
2024 · 0.27
ROE
4.2%▲
2024 · 4.1%
ROA
2.4%▼
2024 · 3.2%
Interest coverage
5.93▼
2024 · 6.85
Debt
€404k▲
2024 · €178k
Debt ≤ 1 year
€347k▲
2024 · €159k
Debt > 1 year
€56k▲
2024 · €18k
Income taxes
€12k▲
2024 · €11k
Staff costs
€370k▲
2024 · €352k
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€847k€955k▲
Fixed assets21/28€155k€203k▲
Tangible fixed assets22/27€155k€203k▲
Land and buildings22€110k€143k▲
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€46k€30k▼
Leasing and similar rights25€0€29k▲
Financial fixed assets28€0€0=
Current assets29/58€692k€753k▲
Stocks and contracts in progress3€447k€348k▼
Stocks30/36€447k€348k▼
Amounts receivable within one year40/41€60k€31k▼
Trade receivables40€50k€23k▼
Other amounts receivable41€9k€8k▼
Cash at bank and in hand54/58€178k€363k▲
Deferred charges and accrued income490/1€8k€10k▲
Equity and liabilities
Total equity and liabilities10/49€847k€955k▲
Equity10/15€669k€551k▼
Contributions10/11€160k€19k▼
Reserves13€509k€533k▲
Tax-exempt reserves132€19k€19k=
Distributable reserves133€491k€514k▲
Amounts payable17/49€178k€404k▲
Amounts payable after more than one year17€18k€56k▲
Financial debts170/4€18k€56k▲
Amounts payable within one year42/48€159k€347k▲
Current portion of amounts payable after more than one year42€20k€22k▲
Trade debts44€30k€57k▲
Suppliers440/4€30k€57k▲
Advances received on contracts in progress46€33k€55k▲
Taxes, remuneration and social security45€65k€61k▼
Taxes450/3€26k€19k▼
Remuneration and social security454/9€39k€42k▲
Other amounts payable47/48€11k€152k▲
Accrued charges and deferred income492/3€636€879▲
Income statement
Code20242025
Remuneration, social security and pensions62€352k€370k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€28k▼
Other operating charges640/8€4k€4k▲
Gross operating margin9900€409k€419k▲
Operating profit (loss)9901€20k€16k▼
Financial income75/76B€25k€26k▲
Recurring financial income75€25k€26k▲
Financial charges65/66B€8k€8k▼
Recurring financial charges65€8k€8k▼
Profit (loss) for the period before taxes9903€38k€35k▼
Income taxes67/77€11k€12k▲
Profit (loss) for the period9904€27k€23k▼
Profit (loss) for the period to be appropriated9905€27k€23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€23k▼
Transfer to equity691/2€27k€23k▼
To other reserves6921€27k€23k▼
Social balance
Average headcount (FTE)90875.6-
The notes to these accounts (12 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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Highest result since 2019net €84k ▲1.1%
Operating result €95k, net result €84k, both a record.
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Equity above €500kEq €518k ▲19%
3 profitable years in a row build equity to €518k.
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Weakest financial yearnet €23k ▼61.2%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
05-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
2017
06-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 36 days late
2016
27-10
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.
Directors · office · real estate
Directors
6 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, Oud-Turnhout · 1 establishment unit since 1994
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.
Steenweg op Mol 402360 Oud-TurnhoutGround area
639 m²
Building footprint
345 m²
Volume, LiDAR
1,759 m³
Parcel 13482F0373/00C002, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELECTRO GHYS
since 19942.066.718.028
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13482F0373/00C002 | Flanders | 639 m² | 1 · 345 m² | 9.5 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.
Similar companies · same sector, comparable size
FERDO
BE 0523.969.947
Dendermonde · Eq €551k
ALGEMENE ELECTRICITEIT VANWALLEGHEM WIM
BE 0862.016.036
Roeselare · Eq €551k
BELTEC KINROOI
BE 0459.625.194
Kinrooi · Eq €551k
OOMS - DE ROP
BE 0550.370.377
Beveren-Kruibeke-Zwijndrecht · Eq €551k
BERGHE ELECTRO
BE 0881.225.402
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 6,235 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-03-1994
Fiscal year end31-03
Activities, NACEBEL
43211General electrical installation work
45310
47540Retail sale of electrical household appliances
52450
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.