ELECTRO-KLIMA
ActiveSummary
ELECTRO-KLIMA has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €150,608 and a net result of €30,304. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 44% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-2
Solvency67▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 1.57 against 1.82 in 2024; short-term debt: 48.1% and cash: 13.9% of total assets), but 58% of the assets are financed with debt.
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Signals
Four 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
42%
Return on assets
8.4%
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
8 d early
2023
28 d late
2022
30 d late
2021
3 d early
2020
26 d late
2019
54 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 28 July (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€150,608▲ 0.2%
2024 · €150,363
Total assets
€358,838▲ 22.4%
2024 · €293,203
Net result
€30,304▲ 1.5%
2024 · €29,851
Working capital
€97,911▼ 7.3%
2024 · €105,593
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€11,233▼ 59.6%€49,268▲ 339%€34,199▼ 30.6%€44,611▲ 30.4%€46,950▲ 5.2%
Net result€5,008within the sector's middle half▼ 71.1%€30,402above the sector's middle half▲ 507%€20,785within the sector's middle half▼ 31.6%€29,851above the sector's middle half▲ 43.6%€30,304above the sector's middle half▲ 1.5%
Equity€82,468within the sector's middle half▲ 6.5%€112,870within the sector's middle half▲ 36.9%€133,655above the sector's middle half▲ 18.4%€150,363above the sector's middle half▲ 12.5%€150,608above the sector's middle half▲ 0.2%
Total assets€199,667within the sector's middle half▼ 9.9%€265,118within the sector's middle half▲ 32.8%€278,880within the sector's middle half▲ 5.2%€293,203within the sector's middle half▲ 5.1%€358,838above the sector's middle half▲ 22.4%
Debt€117,199▼ 18.7%€152,248▲ 29.9%€145,225▼ 4.6%€142,840▼ 1.6%€208,230▲ 45.8%
Working capital€65,359within the sector's middle half▲ 11.5%€86,986within the sector's middle half▲ 33.1%€105,918above the sector's middle half▲ 21.8%€105,593above the sector's middle half▼ 0.3%€97,911above the sector's middle half▼ 7.3%
Solvency41.3%within the sector's middle half▲ 6.4pp42.6%within the sector's middle half▲ 1.3pp47.9%within the sector's middle half▲ 5.4pp51.3%within the sector's middle half▲ 3.4pp42.0%within the sector's middle half▼ 9.3pp
Current ratio1.62within the sector's middle half▲ 0.141.70within the sector's middle half▲ 0.081.85within the sector's middle half▲ 0.151.82within the sector's middle half▼ 0.031.57within the sector's middle half▼ 0.25
Return on assets (ROA)2.5%within the sector's middle half▼ 5.3pp11.5%within the sector's middle half▲ 9.0pp7.5%within the sector's middle half▼ 4.0pp10.2%within the sector's middle half▲ 2.7pp8.4%within the sector's middle half▼ 1.7pp
Staff (FTE)2.3=4▲ 73.9%3.3▼ 17.5%3▼ 9.1%3.2▲ 6.7%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €358,838
Fixed assets
€88,256 ▲ 51.9%
Current assets
€270,581 ▲ 15.1%
Equity and liabilities €358,838
Equity
€150,608 ▲ 0.2%
Debt
€208,230 ▲ 45.8%
Debt's share of the balance-sheet total rises from 48.7% to 58.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€68,903▲
2024 · €62,633
Cash flow
€52,257▲
2024 · €47,872
Quick ratio
1.09▼
2024 · 1.47
Debt to equity
1.38▲
2024 · 0.95
ROE
20.1%▲
2024 · 19.9%
Interest coverage
27.93▼
2024 · 28.96
Debt ≤ 1 year
€172,670▲
2024 · €129,511
Debt > 1 year
€35,560▲
2024 · €13,329
Income taxes
€15,105▲
2024 · €13,685
Staff costs
€162,086▲
2024 · €156,633
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5,000 | - | €20,069 | - |
| Remuneration, social security and pensions62 | €85,976 | €133,927 | €131,314 | €156,633 | €162,086 | ▲ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,222 | €15,037 | €15,274 | €18,022 | €21,954 | ▲ 21.8% |
| Other operating charges640/8 | €4,949 | €4,018 | €4,471 | €4,583 | €8,558 | ▲ 86.8% |
| Non-recurring operating charges66A | €10,558 | - | - | - | €354 | - |
| Gross operating margin9900 | €133,938 | €202,250 | €185,258 | €223,848 | €239,902 | ▲ 7.2% |
| Operating profit (loss)9901 | €11,233 | €49,268 | €34,199 | €44,611 | €46,950 | ▲ 5.2% |
| Financial income75/76B | €2,466 | €1,971 | €1,734 | €1,087 | €926 | ▼ 14.8% |
| Recurring financial income75 | €2,466 | €1,062 | €1,734 | €1,087 | €926 | ▼ 14.8% |
| Non-recurring financial income76B | - | €909 | - | - | - | - |
| Financial charges65/66B | €1,958 | €8,984 | €5,034 | €2,163 | €2,467 | ▲ 14.1% |
| Recurring financial charges65 | €1,958 | €8,984 | €5,034 | €2,163 | €2,467 | ▲ 14.1% |
| Profit (loss) for the period before taxes9903 | €11,741 | €42,255 | €30,899 | €43,535 | €45,409 | ▲ 4.3% |
| Income taxes67/77 | €6,733 | €11,853 | €10,114 | €13,685 | €15,105 | ▲ 10.4% |
| Profit (loss) for the period9904 | €5,008 | €30,402 | €20,785 | €29,851 | €30,304 | ▲ 1.5% |
| Profit (loss) for the period to be appropriated9905 | €5,008 | €30,402 | €20,785 | €29,851 | €30,304 | ▲ 1.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €199,667 | €265,118 | €278,880 | €293,203 | €358,838 | ▲ 22.4% |
| Fixed assets21/28 | €28,761 | €53,939 | €48,057 | €58,100 | €88,256 | ▲ 51.9% |
| Tangible fixed assets22/27 | €28,761 | €53,939 | €48,057 | €58,100 | €88,256 | ▲ 51.9% |
| Land and buildings22 | - | - | - | - | €1,628 | - |
| Plant, machinery and equipment23 | €15,776 | €13,302 | €16,028 | €26,746 | €31,198 | ▲ 16.6% |
| Furniture and vehicles24 | €12,985 | €40,637 | €32,029 | €31,354 | €55,431 | ▲ 76.8% |
| Current assets29/58 | €170,906 | €211,179 | €230,823 | €235,104 | €270,581 | ▲ 15.1% |
| Stocks and contracts in progress3 | €28,906 | €21,485 | €19,214 | €44,854 | €81,736 | ▲ 82.2% |
| Stocks30/36 | €28,906 | €21,485 | €19,214 | €44,854 | €81,736 | ▲ 82.2% |
| Amounts receivable within one year40/41 | €65,054 | €118,078 | €111,254 | €133,844 | €137,046 | ▲ 2.4% |
| Trade receivables40 | €25,050 | €65,130 | €53,280 | €79,369 | €82,176 | ▲ 3.5% |
| Other amounts receivable41 | €40,004 | €52,948 | €57,974 | €54,474 | €54,870 | ▲ 0.7% |
| Cash at bank and in hand54/58 | €74,810 | €68,707 | €96,637 | €51,938 | €49,763 | ▼ 4.2% |
| Deferred charges and accrued income490/1 | €2,136 | €2,909 | €3,718 | €4,469 | €2,036 | ▼ 54.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €199,667 | €265,118 | €278,880 | €293,203 | €358,838 | ▲ 22.4% |
| Equity10/15 | €82,468 | €112,870 | €133,655 | €150,363 | €150,608 | ▲ 0.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €45,061 | €75,463 | €96,248 | €112,956 | €113,201 | ▲ 0.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €43,201 | €73,603 | €96,248 | €112,956 | €113,201 | ▲ 0.2% |
| Profit (loss) carried forward14 | €31,207 | €31,207 | €31,207 | €31,207 | €31,207 | = |
| Amounts payable17/49 | €117,199 | €152,248 | €145,225 | €142,840 | €208,230 | ▲ 45.8% |
| Amounts payable after more than one year17 | €11,652 | €28,055 | €20,320 | €13,329 | €35,560 | ▲ 167% |
| Financial debts170/4 | €11,652 | €28,055 | €20,320 | €13,329 | €35,560 | ▲ 167% |
| Amounts payable within one year42/48 | €105,547 | €124,193 | €124,905 | €129,511 | €172,670 | ▲ 33.3% |
| Current portion of amounts payable after more than one year42 | €11,452 | €24,952 | €8,224 | €6,991 | €13,441 | ▲ 92.3% |
| Trade debts44 | €66,009 | €72,243 | €94,933 | €98,269 | €134,547 | ▲ 36.9% |
| Suppliers440/4 | €66,009 | €72,243 | €94,933 | €98,269 | €134,547 | ▲ 36.9% |
| Taxes, remuneration and social security45 | €28,086 | €25,798 | €19,948 | €22,264 | €24,681 | ▲ 10.9% |
| Taxes450/3 | €21,717 | €12,825 | €5,153 | €8,138 | €9,618 | ▲ 18.2% |
| Remuneration and social security454/9 | €6,369 | €12,973 | €14,795 | €14,125 | €15,063 | ▲ 6.6% |
| Other amounts payable47/48 | - | €1,200 | €1,800 | €1,987 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,008 | €30,402 | €20,785 | €29,851 | €30,304 | ▲ 1.5% |
| + Depreciation and write-downs630 | €21,222 | €15,037 | €15,274 | €18,022 | €21,954 | ▲ 21.8% |
| Operating cash flow (approximation) | €26,230 | €45,439 | €36,059 | €47,872 | €52,257 | ▲ 9.2% |
| Investment in fixed assets (approximation) | - | -€40,215 | -€9,392 | -€28,065 | -€52,110 | ▼ 85.7% |
| Change in cash | - | -€6,103 | €27,930 | -€44,699 | -€2,175 | ▲ 95.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €150,363 ▲12.5%
7 profitable years in a row build equity to €150,363.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €30,402 ▲507%
Operating result €49,268, net result €30,402, both a record.
31-12
Financial
Equity above €100,000Eq €112,870 ▲36.9%
5 profitable years in a row build equity to €112,870.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €5,008 ▼71.1%
Net result drops to €5,008, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
06-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 98 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Geraardsbergen · 1 establishment unit since 2009
Ground area
1,143 m²
Building footprint
182 m²
Volume, LiDAR
918 m³
Parcel 41053A0881/00K000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELEKTRO-KLIMA
since 20092.181.717.763
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41053A0881/00K000 | Flanders | 1,143 m² | 1 · 182 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
7 live approvals · 6 endedBrandertechnicus gas/stookolie duaal (so)
Koel- en warmtetechnieken duaal (so)
Monteur sanitaire en verwarmingsinstallaties duaal (so)
Sanitaire en verwarmingsinstallaties duaal (so)
Technicus installatietechnieken (vwo)
Technicus installatietechnieken duaal (so)
Show 1 more
Vakman installatietechnieken (vwo)
Show 6 ended approvals
Elektrische installaties duaal (so)
Elektrotechnisch installateur (vwo)
Installateur elektrotechnische basiscomponenten duaal (so)
Residentieel elektrotechnisch installateur (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,593 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-08-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0818017232
Also
9925:BE0818017232
Registered
02-09-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.