Checked.be
Active
BE 0452.905.866Private limited company (pre-2019)
ELECTRO KERFS
Ophovenstraat 33 ·3670 Oudsbergen, Belgium· 32 yrs active
Sector: Wholesale of electrical household appliances and audio-video equipment
(46431)
Conclusion
ELECTRO KERFS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €475k and a net result of €54k. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 85% of 10877 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €475k |
| Net result | €54k |
| Better than sector | 85% |
| Active | 32 yrs |
Financial profile
80
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
57
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1994, 32 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
93
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€45k
estimate, not credit advice
Score history
93
2022
93
2023
93
2024
93
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 6.56 (≥ 1.5)
+10
Quick ratio
Quick ratio 6.41 (≥ 1.0)
+5
Leverage
Debt/equity 0.18 (< 1.0)
+10
Profitability
ROE 11% (≥ 10%)
+10
Interest coverage
Interest coverage 262.8× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 27-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~15.3%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 84.8% | 42.6% | |
| Net result | €54k | €6k | |
| Equity | €475k | €60k | |
| Gross operating margin | €65k | €29k | |
| Total assets | €560k | €175k |
€64k
+53.9%
22-25
€54k
-34.6%
22-25
€55k
+43.6%
22-25
€560k
+11.8%
22-25
€475k
+12.8%
22-25
€475k
+13.0%
22-25
€20k
-40.8%
22-25
€85k
+6.2%
22-25
€85k
+6.2%
22-25
6.56
+5.4%
22-25
6.41
+32.1%
22-25
84.8%
+0.9%
22-25
0.18
-5.9%
22-25
11.4%
-42.1%
22-25
9.6%
-41.5%
22-25
262.80
+5.1%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €64k | - | €41k | €66k |
| Net profit | €54k | €83k | €35k | €55k |
| Cash flow | €55k | - | €38k | €58k |
| Staff costs | - | - | - | - |
| Income taxes | €20k | €33k | €14k | €22k |
| Dividends | - | - | - | - |
| Total assets | €560k | €501k | €519k | €471k |
| Equity | €475k | €421k | €338k | €303k |
| Debt | €85k | €80k | €122k | €110k |
| of which ≤ 1y | €85k | €80k | €122k | €106k |
| of which > 1y | - | - | - | - |
| Working capital | €475k | €420k | €396k | €362k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 6.56 | 6.23 | 4.25 | 4.41 |
| Quick ratio | 6.41 | 4.85 | 3.33 | 3.23 |
| Working capital ratio | 84.8% | 83.9% | 76.4% | 76.8% |
| Solvency | 84.8% | 84.0% | 65.2% | 64.3% |
| Debt / equity | 0.18 | 0.19 | 0.36 | 0.36 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 262.80 | - | 250.03 | 290.10 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 9.6% | 16.5% | 6.8% | 11.6% |
| ROE | 11.4% | 19.6% | 10.4% | 18.1% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €560k | €501k | €519k | €471k |
| Fixed assets | 21/28 | - | €590 | €590 | €3k |
| Intangible fixed assets | 21 | - | €590 | €590 | €590 |
| Tangible fixed assets | 22/27 | - | - | - | €3k |
| Current assets | 29/58 | €560k | €501k | €518k | €468k |
| Stocks & contracts in progress | 3 | €13k | €111k | €112k | €126k |
| Amounts receivable within one year | 40/41 | €106k | €86k | €73k | €92k |
| Cash & bank | 54/58 | €441k | €301k | €328k | €250k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €560k | €501k | €519k | €471k |
| Equity | 10/15 | €475k | €421k | €338k | €303k |
| Contributions / capital | 10/11 | €74k | €74k | €74k | €74k |
| Reserves | 13 | €401k | €347k | €264k | €229k |
| Provisions & deferred taxes | 16 | - | - | €59k | €59k |
| Amounts payable | 17/49 | €85k | €80k | €122k | €110k |
| Amounts payable within one year | 42/48 | €85k | €80k | €122k | €106k |
| Trade debts payable within one year | 44 | €20k | €29k | €51k | €45k |
| Income statement | |||||
| Gross operating margin | 9900 | €65k | €40k | €42k | €67k |
| Operating result | 9901 | €63k | €97k | €39k | €63k |
| Financial income | 75 | €11k | €19k | €11k | €13k |
| Financial charges | 65 | €243 | €547 | €166 | €228 |
| Result before taxes | 9903 | €74k | €116k | €50k | €77k |
| Income taxes | 67/77 | €20k | €33k | €14k | €22k |
| Net result for the period | 9904 | €54k | €83k | €35k | €55k |
| Result to be appropriated | 9905 | €54k | €83k | €35k | €55k |
Legal Structure
| NACE primary | Wholesale of electrical household appliances and audio-video equipment(46431) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 20-06-1994 |
| Status | Active |
| Postal code | 3670 |
Establishment units
ELECTRO KERFS BVBA
since 19942.068.132.941
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72011C0772/00S000 | Flanders | 779 m² | 1 · 431 m² | 8.7 m · 1 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €83k ▲134%
Operating result €97k, net result €83k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €35k ▼35.7%
Net result drops to €35k, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Wholesale of electrical household appliances and audio-video equipment4643152720Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles95210
Names & trade names
| Legal nameNL | ELECTRO KERFS |
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