Summary
ELECTRO PROJECT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2026 annual accounts show equity of €45.4m and a net result of €5.5m. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 83% of 38 sector peers (fiscal year 2026). The company has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 31-08-2026, 61 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
61 d early
2025
56 d early
2024
56 d early
2023
40 d early
2022
40 d early
2021
62 d early
2020
23 d early
← 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 48 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 5 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, full schema
In the rankings
#3 employer in Deinze, Finance and insurance sector#4 company by total assets in Deinze, Finance and insurance sector#4 company by equity in Deinze, Finance and insurance sector
Equity
€45.4m▲ 8.4%
2025 · €41.9m
Net result
€5.5m▼ 37.3%
2025 · €8.8m
Total assets
€47.7m▲ 8.1%
2025 · €44.1m
Solvency
95.2%▲ 0.3pp
2025 · 95.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20222023202420252026
Operating result€2.8m▲ 48.2%€2.9m▲ 2.5%€2.4m▼ 16.1%€1.9m▼ 21.7%€1.7m▼ 9.8%
Net result€2.1mabove the sector's middle half▼ 81.8%€4.1mabove the sector's middle half▲ 98.7%€7.1mabove the sector's middle half▲ 71.0%€8.8mabove the sector's middle half▲ 24.9%€5.5m▼ 37.3%
Equity€26.7mabove the sector's middle half▲ 7.3%€30.0mabove the sector's middle half▲ 12.4%€35.1mabove the sector's middle half▲ 16.8%€41.9mabove the sector's middle half▲ 19.4%€45.4m▲ 8.4%
Total assets€26.9mabove the sector's middle half▲ 7.4%€31.0mabove the sector's middle half▲ 15.5%€37.3mabove the sector's middle half▲ 20.1%€44.1mabove the sector's middle half▲ 18.3%€47.7m▲ 8.1%
Debt€176,681▲ 22.4%€1.0m▲ 474%€2.2m▲ 117%€2.2m▲ 1.2%€2.3m▲ 2.2%
Working capital€14.3mabove the sector's middle half▲ 14.8%€17.5mabove the sector's middle half▲ 22.3%€22.6mabove the sector's middle half▲ 29.3%€29.4mabove the sector's middle half▲ 30.3%€32.5m▲ 10.5%
Solvency99.3%above the sector's middle half▼ 0.1pp96.7%above the sector's middle half▼ 2.6pp94.1%above the sector's middle half▼ 2.6pp95.0%above the sector's middle half▲ 0.9pp95.2%▲ 0.3pp
Current ratio82.22above the sector's middle half▼ 5.1918.26above the sector's middle half▼ 63.9611.31above the sector's middle half▼ 6.9414.23above the sector's middle half▲ 2.9215.30▲ 1.06
Return on assets (ROA)7.7%within the sector's middle half▼ 37.9pp13.3%above the sector's middle half▲ 5.6pp18.9%above the sector's middle half▲ 5.6pp20.0%above the sector's middle half▲ 1.0pp11.6%▼ 8.4pp
Staff (FTE)7.8above the sector's middle half▲ 1.3%7.8above the sector's middle half=7.8above the sector's middle half=8.3above the sector's middle half▲ 6.4%9.2▲ 10.8%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2026 is 10% below 2025 and is the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €47.7m
Fixed assets
€12.9m ▲ 3.4%
Current assets
€34.8m ▲ 9.9%
Equity and liabilities €47.7m
Equity
€45.4m ▲ 8.4%
Debt
€2.3m ▲ 2.2%
Debt's share of the balance-sheet total falls from 5.0% to 4.8%. Equity and debt are higher.
Key figures and ratios
ROE
12.2%▼
2025 · 21.0%
Debt ≤ 1 year
€2.3m▲
2025 · €2.2m
Income taxes
€547,585▼
2025 · €562,732
Staff costs
€1.1m▲
2025 · €941,382
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €795,476 | €864,858 | €866,810 | €941,382 | €1.1m | ▲ 13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,612 | €46,443 | €63,678 | €58,961 | €101,909 | ▲ 72.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €327 | - | - |
| Other operating charges640/8 | €3,604 | €4,291 | €3,058 | €33,325 | €32,907 | ▼ 1.3% |
| Gross operating margin9900 | €3.7m | €3.8m | €3.3m | €2.9m | €2.9m | ▼ 0.5% |
| Operating profit (loss)9901 | €2.8m | €2.9m | €2.4m | €1.9m | €1.7m | ▼ 9.8% |
| Financial income75/76B | €4,097 | €2.1m | €5.2m | €7.6m | €4.6m | ▼ 39.2% |
| Recurring financial income75 | €4,097 | €2.1m | €5.2m | €7.6m | €4.6m | ▼ 39.2% |
| Non-recurring financial income76B | - | €5,900 | - | - | - | - |
| Financial charges65/66B | €34,122 | €116,616 | -€60,613 | €148,210 | €271,476 | ▲ 83.2% |
| Recurring financial charges65 | €34,122 | €116,616 | -€60,613 | €148,210 | €271,476 | ▲ 83.2% |
| Profit (loss) for the period before taxes9903 | €2.8m | €4.8m | €7.7m | €9.4m | €6.1m | ▼ 35.2% |
| Income taxes67/77 | €704,316 | €715,166 | €668,540 | €562,732 | €547,585 | ▼ 2.7% |
| Profit (loss) for the period9904 | €2.1m | €4.1m | €7.1m | €8.8m | €5.5m | ▼ 37.3% |
| Transfer from tax-exempt reserves789 | €91 | - | - | - | €105,250 | - |
| Transfer to tax-exempt reserves689 | €105,250 | €75 | €105,250 | €336,800 | €421,000 | ▲ 25.0% |
| Profit (loss) for the period to be appropriated9905 | €2.0m | €4.1m | €6.9m | €8.5m | €5.2m | ▼ 38.5% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26.9m | €31.0m | €37.3m | €44.1m | €47.7m | ▲ 8.1% |
| Fixed assets21/28 | €12.4m | €12.6m | €12.5m | €12.5m | €12.9m | ▲ 3.4% |
| Intangible fixed assets21 | - | - | - | - | €394,517 | - |
| Tangible fixed assets22/27 | €95,968 | €243,498 | €182,116 | €132,711 | €157,913 | ▲ 19.0% |
| Plant, machinery and equipment23 | €949 | - | - | - | - | - |
| Furniture and vehicles24 | €95,019 | €243,498 | €182,116 | €132,711 | €157,913 | ▲ 19.0% |
| Financial fixed assets28 | €12.3m | €12.3m | €12.3m | €12.3m | €12.3m | = |
| Current assets29/58 | €14.5m | €18.5m | €24.8m | €31.6m | €34.8m | ▲ 9.9% |
| Amounts receivable within one year40/41 | €507,912 | €523,900 | €893,233 | €669,330 | €498,160 | ▼ 25.6% |
| Trade receivables40 | €507,912 | €451,488 | €714,794 | €352,379 | €262,339 | ▼ 25.6% |
| Other amounts receivable41 | - | €72,412 | €178,439 | €316,951 | €235,821 | ▼ 25.6% |
| Current investments50/53 | €4.6m | €13.2m | €22.9m | €29.2m | €33.0m | ▲ 13.1% |
| Cash at bank and in hand54/58 | €9.3m | €4.7m | €968,326 | €1.8m | €1.3m | ▼ 28.2% |
| Deferred charges and accrued income490/1 | €2,444 | €5,552 | €29,011 | €2,957 | €1,908 | ▼ 35.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26.9m | €31.0m | €37.3m | €44.1m | €47.7m | ▲ 8.1% |
| Equity10/15 | €26.7m | €30.0m | €35.1m | €41.9m | €45.4m | ▲ 8.4% |
| Contributions10/11 | €62,200 | €62,200 | €62,200 | €62,200 | €62,200 | = |
| Capital10 | €62,200 | €62,200 | €62,200 | €62,200 | €62,200 | = |
| Issued capital100 | €62,200 | €62,200 | €62,200 | €62,200 | €62,200 | = |
| Reserves13 | €26.6m | €29.9m | €35.0m | €41.7m | €45.1m | ▲ 8.2% |
| Non-distributable reserves130/1 | €6,220 | €6,220 | €6,220 | €6,220 | €6,220 | = |
| Legal reserve130 | €6,220 | €6,220 | €6,220 | €6,220 | €6,220 | = |
| Tax-exempt reserves132 | €122,830 | €122,905 | €228,155 | €564,955 | €880,705 | ▲ 55.9% |
| Distributable reserves133 | €26.5m | €29.8m | €34.7m | €41.1m | €44.2m | ▲ 7.6% |
| Profit (loss) carried forward14 | €169 | €23,851 | €62,945 | €123,230 | €214,480 | ▲ 74.0% |
| Amounts payable17/49 | €176,681 | €1.0m | €2.2m | €2.2m | €2.3m | ▲ 2.2% |
| Amounts payable within one year42/48 | €175,831 | €1.0m | €2.2m | €2.2m | €2.3m | ▲ 2.3% |
| Trade debts44 | €8,314 | €42,170 | €15,486 | €25,816 | €39,657 | ▲ 53.6% |
| Suppliers440/4 | €8,314 | €42,170 | €15,486 | €25,816 | €39,657 | ▲ 53.6% |
| Taxes, remuneration and social security45 | €167,517 | €169,424 | €172,689 | €196,430 | €233,480 | ▲ 18.9% |
| Taxes450/3 | €26,121 | €28,331 | €31,778 | €35,950 | €55,536 | ▲ 54.5% |
| Remuneration and social security454/9 | €141,396 | €141,094 | €140,911 | €160,480 | €177,944 | ▲ 10.9% |
| Other amounts payable47/48 | - | €800,000 | €2.0m | €2.0m | €2.0m | = |
| Accrued charges and deferred income492/3 | €850 | €2,380 | €9,041 | €1,551 | €321 | ▼ 79.3% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.1m | €4.1m | €7.1m | €8.8m | €5.5m | ▼ 37.3% |
| + Depreciation and write-downs630 | €49,612 | €46,443 | €63,678 | €58,961 | €101,909 | ▲ 72.8% |
| Operating cash flow (approximation) | €2.1m | €4.2m | €7.1m | €8.9m | €5.6m | ▼ 36.6% |
| Investment in fixed assets (approximation) | - | -€193,973 | -€2,297 | -€9,555 | -€521,629 | ▼ 5,359% |
| Change in cash | - | -€4.6m | -€3.8m | €806,401 | -€500,469 | ▼ 162% |
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 2027, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
2025
05-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
05-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
21-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Equity above €25mEq €26.7m ▲7.3%
4 profitable years in a row build equity to €26.7m.
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Highest result since 2019net €11.4m ▲718%
Net result €11.4m, the highest in the series.
31-03
Financial
Liquidity triplescurrent ratio 87.41
Current ratio from 30.17 to 87.41; short-term debt falls from €147,489 to €143,931.
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Deinze · 1 establishment unit since 1985
Ground area
2.0 ha
Building footprint
6,762 m²
Parcel 44054B0807/00K000, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Karrewegstraat 50, 9800 Deinze
since 19852.027.887.047
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44054B0807/00K000 | Flanders | 2.0 ha | 1 · 6,761 m² | - |
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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-03-2026 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
99%
According to the annual accounts to 31-03-2026 of ELECTRO PROJECT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 412 EUR awarded · 412 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 152 EUR | 152 EUR |
| 2023 | 1 | 53 EUR | 53 EUR |
| 2022 | 1 | 207 EUR | 207 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
254900460DJ8093AR074
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 2,879 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-08-1985
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
71121Engineering and related technical consultancy, excluding land surveyors
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427573426
Registered
01-12-2025
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.