ELECTRO HENRI DEVOLDER
ActiveSummary
ELECTRO HENRI DEVOLDER has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €183k and a net result of €-18k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 95% of 18281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability7▲+7
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
short-term debt: 0.5% and cash: 7.4% of total assets, and 0.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 47
Relative position
BE, all sectors
reference
Sector 47
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 2025Solvency, return and age of the figures
Solvency
99.5%
Return on assets
-9.5%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-18k
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
21 d late
2023
240 d late
2022
1 d late
2021
4 d late
2020
2 d late
2019
21 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€183k▼ 8.8%
2024 · €200k
2019: €225k
2020: €218k
2021: €217k
2022: €219k
2023: €232k
2024: €200k
2019 → 2025
Total assets
€184k▼ 12.3%
2024 · €210k
2019: €294k
2020: €281k
2021: €257k
2022: €264k
2023: €270k
2024: €210k
2019 → 2025
Net result
€-18k▲ 44.7%
2024 · €-32k
2019: €-4k
2020: €-7k
2021: €-385
2022: €2k
2023: €13k
2024: €-32k
2019 → 2025
Working capital
€110k▼ 16.5%
2024 · €131k
2019: €102k
2020: €108k
2021: €119k
2022: €133k
2023: €155k
2024: €131k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€217k-€219k▲ 1.0%€232k▲ 5.7%€200k▼ 13.7%€183k▼ 8.8%
Operating result€1k-€2k▲ 74.7%€12k▲ 429%€-30k€-16k▲ 47.4%
Net result€-385-€2k€13k▲ 509%€-32k€-18k▲ 44.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2025 against €30k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €184k
Fixed assets
€73k ▲ 6.1%
Current assets
€111k ▼ 21.4%
Equity and liabilities €184k
Equity
€183k ▼ 8.8%
Debt
€907 ▼ 90.2%
The debt ratio falls from 4.4% to 0.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-15k▲
2024 · €-23k
Cash flow
€-17k▲
2024 · €-24k
Quick ratio
40.13▲
2024 · 6.99
Debt / equity
0.00▼
2024 · 0.05
ROE
-9.6%▲
2024 · -15.8%
ROA
-9.5%▲
2024 · -15.1%
Interest coverage
-8.94▲
2024 · -14.32
Debt ≤ 1 year
€907▼
2024 · €9k
A ratio outside any meaningful range has been withheld (balance sheet total €184k, equity €183k).
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€210k€184k▼
Fixed assets21/28€69k€73k▲
Tangible fixed assets22/27€66k€71k▲
Land and buildings22€66k€70k▲
Furniture and vehicles24€341€140▼
Financial fixed assets28€3k€3k=
Current assets29/58€141k€111k▼
Stocks and contracts in progress3€76k€74k▼
Stocks30/36€76k€74k▼
Amounts receivable within one year40/41€58k€23k▼
Trade receivables40€27k€22k▼
Other amounts receivable41€31k€1k▼
Cash at bank and in hand54/58€7k€14k▲
Equity and liabilities
Total equity and liabilities10/49€210k€184k▼
Equity10/15€200k€183k▼
Contributions10/11€31k€31k=
Reserves13€201k€201k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Tax-exempt reserves132€768€768=
Distributable reserves133€197k€197k=
Profit (loss) carried forward14€-32k€-49k▼
Amounts payable17/49€9k€907▼
Amounts payable within one year42/48€9k€907▼
Trade debts44€7k€907▼
Suppliers440/4€7k€907▼
Taxes, remuneration and social security45€2k-
Taxes450/3€2k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€929▼
Other operating charges640/8€3k€5k▲
Gross operating margin9900€-20k€-10k▲
Operating profit (loss)9901€-30k€-16k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-32k€-18k▲
Profit (loss) for the period9904€-32k€-18k▲
Profit (loss) for the period to be appropriated9905€-32k€-18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€-49k▼
Profit (loss) brought forward from the previous period14P-€-32k
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Liquidity times 8current ratio 121.85
Current ratio from 15.20 to 121.85; short-term debt falls from €9k to €907.
2024
21-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 240 days late
31-03
Financial
Weakest financial yearnet €-32k ▼352%
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity triplescurrent ratio 15.20
Current ratio from 5.14 to 15.20; short-term debt falls from €38k to €9k.
2023
31-03
Financial
Highest result since 2019net €13k ▲509%
Operating result €12k, net result €13k, both a record.
2022
01-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
31-03
Financial
Back to profitnet €2k
Net result €2k after 3 loss-making years.
2021
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2020
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
16-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
07-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
04-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Waregem · 1 establishment unit since 1977
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.
Nieuwstraat 558792 WaregemGround area
540 m²
Building footprint
508 m²
Volume, LiDAR
3,084 m³
Parcel 34010A0244/00N000, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELECTRO HENRI DEVOLDER BVBA
since 19772.039.607.320
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010A0244/00N000 | Flanders | 540 m² | 1 · 508 m² | 11.1 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 1,510 companies in sector 47540 we hold annual accounts for 805. 660 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-03-1977
Fiscal year end31-03
Activities, NACEBEL
47540Retail sale of electrical household appliances
52450
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.