Checked.be
Active
BE 0465.015.129Private limited company
Electro Rouhard
Grand-Route(VER) 100 ·4537 Verlaine, Belgium· 27 yrs active
Sector: General electrical installation work
(43211)
Conclusion
Electro Rouhard has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.27M and a net result of €469k. Equity is growing by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 117 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €6.27M |
| Net result | €469k |
| Staff (FTE) | 15 |
| Better than sector | 95% |
Financial profile
75
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
37
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1998, 27 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
86
/ 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
€550k
estimate, not credit advice
Score history
93
2023
100
2024
86
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 40.89 (≥ 1.5)
+10
Quick ratio
Quick ratio 38.07 (≥ 1.0)
+5
Leverage
Debt/equity 0.02 (< 1.0)
+10
Profitability
ROE 7%
+3
Interest coverage
Interest coverage 29.0× (≥ 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 13-11-2025 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~25.5%/year over 3 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 43, Specialised construction activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 97.7% | 39.4% | |
| Net result | €469k | €22k | |
| Equity | €6.27M | €123k | |
| Gross operating margin | €1.32M | €146k | |
| Staff costs | €687k | €217k |
€587k
-83.3%
23-25
€469k
-81.1%
23-25
€519k
-79.6%
23-25
€6.42M
-5.3%
23-25
€6.27M
+8.1%
23-25
€5.97M
+6.7%
23-25
15
+7.1%
23-25
€687k
+11.6%
23-25
€188k
-82.2%
23-25
€150k
-84.7%
23-25
€150k
-84.7%
23-25
40.89
+508.7%
23-25
38.07
+507.7%
23-25
97.7%
+14.1%
23-25
0.02
-85.8%
23-25
7.5%
-82.5%
23-25
7.3%
-80.1%
23-25
29.02
-83.0%
23-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | full schema | full schema | full schema |
| Revenue | - | - | - |
| EBITDA | €587k | €3.53M | €1.44M |
| Net profit | €469k | €2.49M | €966k |
| Cash flow | €519k | €2.55M | €1.01M |
| Staff costs | €687k | €616k | €500k |
| Income taxes | €188k | €1.05M | €455k |
| Dividends | - | - | - |
| Total assets | €6.42M | €6.78M | €3.69M |
| Equity | €6.27M | €5.80M | €3.31M |
| Debt | €150k | €979k | €375k |
| of which ≤ 1y | €150k | €979k | €375k |
| of which > 1y | - | - | - |
| Working capital | €5.97M | €5.60M | €3.09M |
| Employees (FTE) | 15.0 | 14.0 | 13.3 |
Ratios (computed)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 40.89 | 6.72 | 9.24 |
| Quick ratio | 38.07 | 6.26 | 8.01 |
| Working capital ratio | 93.0% | 82.5% | 83.8% |
| Solvency | 97.7% | 85.6% | 89.8% |
| Debt / equity | 0.02 | 0.17 | 0.11 |
| Long-term debt ratio | - | - | - |
| Interest coverage | 29.02 | 171.00 | 70.92 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 7.3% | 36.7% | 26.2% |
| ROE | 7.5% | 42.9% | 29.2% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €6.42M | €6.78M | €3.69M |
| Fixed assets | 21/28 | €299k | €207k | €225k |
| Tangible fixed assets | 22/27 | €299k | €207k | €225k |
| Current assets | 29/58 | €6.12M | €6.57M | €3.46M |
| Stocks & contracts in progress | 3 | €422k | €443k | €462k |
| Amounts receivable within one year | 40/41 | €890k | €785k | €768k |
| Investments | 50/53 | €84 | €84 | €84 |
| Cash & bank | 54/58 | €4.79M | €5.33M | €2.23M |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €6.42M | €6.78M | €3.69M |
| Equity | 10/15 | €6.27M | €5.80M | €3.31M |
| Contributions / capital | 10/11 | €280k | €280k | €280k |
| Reserves | 13 | €5.99M | €5.52M | €3.03M |
| Amounts payable | 17/49 | €150k | €979k | €375k |
| Amounts payable within one year | 42/48 | €150k | €979k | €375k |
| Trade debts payable within one year | 44 | €5k | €134k | €20k |
| Income statement | ||||
| Gross operating margin | 9900 | €1.32M | €4.21M | €1.97M |
| Operating result | 9901 | €537k | €3.47M | €1.40M |
| Financial income | 75 | €140k | €96k | €44k |
| Financial charges | 65 | €20k | €21k | €20k |
| Result before taxes | 9903 | €657k | €3.54M | €1.42M |
| Income taxes | 67/77 | €188k | €1.05M | €455k |
| Net result for the period | 9904 | €469k | €2.49M | €966k |
| Result to be appropriated | 9905 | €259k | €1.65M | €966k |
Legal Structure
| NACE primary | General electrical installation work(43211) |
| Legal form | Private limited company(610) |
| Incorporation | 28-12-1998 |
| Status | Active |
| Postal code | 4537 |
Establishment units
Grand-Route(VER) 100, 4537 Verlaine
since 19992.090.171.836
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61063B0235/00E000 | Wallonia | 916 m² | 1 · 154 m² | 6.5 m · 2 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
2025
13-11
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 13 days late
31-03
Financial
Weakest financial yearnet €469k ▼81.1%
Net result drops to €469k, the lowest in the series.
31-03
Financial
Liquidity times 6current ratio 40.89
Current ratio from 6.72 to 40.89; short-term debt falls from €979k to €150k.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Highest result since 2023net €2.49M ▲158%
Operating result €3.47M, net result €2.49M, both a record.
31-03
Financial
Equity above €5MEq €5.80M ▲75.1%
2 profitable years in a row build equity to €5.80M.
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 3 days late
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 3 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2019
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 5 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
29-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
General electrical installation work4321145310Retail sale of electrical household appliances4754052450
Names & trade names
| Legal nameFR | Electro Rouhard |
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