Electro Solutions Haegeman
ActiveSummary
The computed 12-month bankruptcy probability of Electro Solutions Haegeman is 3.1% (moderate). The 2025 annual accounts show equity of €37k and a net result of €-386. Equity is growing by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 48% of 27965 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-22
Solvency71▲+10
Growth52=
Track record94
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.83 against 0.74 in 2024; short-term debt: 23.3% and cash: 25.2% of total assets), but 54.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
45.6%
Return on assets
-0.5%
Age of the figures
18 mo
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 02-10-2025, 29 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
29 d early
2024
37 d early
2023
35 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 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€37k▼ 1.0%
2024 · €38k
2023: €20klowest in 3 years
2024: €38k▲ +92.3% vs 2023highest in 3 years
2025: €37k▼ -1.0% vs 2024
2023 → 2025
Total assets
€82k▼ 21.6%
2024 · €104k
2023: €41klowest in 3 years
2024: €104k▲ +152% vs 2023highest in 3 years
2025: €82k▼ -21.6% vs 2024
2023 → 2025
Net result
€-386
2024 · €18k
2023: €19khighest in 3 years
2024: €18k▼ -2.7% vs 2023
2025: €-386▼ -102% vs 2024lowest in 3 years
2023 → 2025
Working capital
€16k
2024 · €-17k
2023: €12k
2024: €-17k▼ -237% vs 2023lowest in 3 years
2025: €16k▲ +194% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€20k-€38k▲ 92.3%€37k▼ 1.0%
2023: €20klowest in 3 years
2024: €38k▲ +92.3% vs 2023highest in 3 years
2025: €37k▼ -1.0% vs 2024
Operating result€24k-€23k▼ 4.4%€3k▼ 86.5%
2023: €24khighest in 3 years
2024: €23k▼ -4.4% vs 2023
2025: €3k▼ -86.5% vs 2024lowest in 3 years
Net result€19k-€18k▼ 2.7%€-386
2023: €19khighest in 3 years
2024: €18k▼ -2.7% vs 2023
2025: €-386▼ -102% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 86% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82k
Fixed assets
€47k ▼ 16.3%
Current assets
€35k ▼ 27.8%
Equity and liabilities €82k
Equity
€37k ▼ 1.0%
Debt
€44k ▼ 33.2%
Debt's share of the balance-sheet total falls from 63.9% to 54.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€16k▼
2024 · €26k
Cash flow
€13k▼
2024 · €21k
Current ratio
1.83▲
2024 · 0.74
Debt to equity
1.19▼
2024 · 1.77
ROE
-1.0%▼
2024 · 48.0%
ROA
-0.5%▼
2024 · 17.3%
Interest coverage
8.07▼
2024 · 80.39
Debt ≤ 1 year
€19k▼
2024 · €65k
Debt > 1 year
€25k▲
2024 · €1k
Income taxes
€2k▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€104k€82k▼
Formation expenses20€0-
Fixed assets21/28€56k€47k▼
Tangible fixed assets22/27€56k€47k▼
Plant, machinery and equipment23€4k€4k▼
Furniture and vehicles24€52k€43k▼
Financial fixed assets28€15€15=
Current assets29/58€48k€35k▼
Amounts receivable within one year40/41€19k€13k▼
Trade receivables40€14k€10k▼
Other amounts receivable41€4k€3k▼
Cash at bank and in hand54/58€29k€21k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€104k€82k▼
Equity10/15€38k€37k▼
Contributions10/11€1k€1k=
Reserves13€37k€36k▼
Distributable reserves133€37k€36k▼
Amounts payable17/49€67k€44k▼
Amounts payable after more than one year17€1k€25k▲
Financial debts170/4€1k€25k▲
Amounts payable within one year42/48€65k€19k▼
Current portion of amounts payable after more than one year42€3k€9k▲
Trade debts44€52k€2k▼
Suppliers440/4€52k€2k▼
Taxes, remuneration and social security45€10k€9k▼
Taxes450/3€7k€6k▼
Remuneration and social security454/9€3k€3k=
Income statement
Code20242025
Non-recurring operating income76A€30€0▼
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€13k▲
Other operating charges640/8€644€1k▲
Gross operating margin9900€27k€17k▼
Operating profit (loss)9901€23k€3k▼
Financial income75/76B€275€162▼
Recurring financial income75€275€162▼
Financial charges65/66B€329€2k▲
Recurring financial charges65€329€2k▲
Profit (loss) for the period before taxes9903€23k€1k▼
Income taxes67/77€5k€2k▼
Profit (loss) for the period9904€18k€-386▼
Profit (loss) for the period to be appropriated9905€18k€-386▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€-386▼
Transfer from equity791/2-€386
Transfer to equity691/2€18k€0▼
To other reserves6921€18k€0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €30 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €44 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €3k | €13k | ▲ 283% |
| Other operating charges640/8 | €568 | €644 | €1k | ▲ 121% |
| Gross operating margin9900 | €28k | €27k | €17k | ▼ 35.5% |
| Operating profit (loss)9901 | €24k | €23k | €3k | ▼ 86.5% |
| Financial income75/76B | €92 | €275 | €162 | ▼ 41.0% |
| Recurring financial income75 | €92 | €275 | €162 | ▼ 41.0% |
| Financial charges65/66B | €572 | €329 | €2k | ▲ 504% |
| Recurring financial charges65 | €572 | €329 | €2k | ▲ 504% |
| Profit (loss) for the period before taxes9903 | €24k | €23k | €1k | ▼ 94.4% |
| Income taxes67/77 | €5k | €5k | €2k | ▼ 65.8% |
| Profit (loss) for the period9904 | €19k | €18k | €-386 | ▼ 102% |
| Profit (loss) for the period to be appropriated9905 | €19k | €18k | €-386 | ▼ 102% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €41k | €104k | €82k | ▼ 21.6% |
| Formation expenses20 | €12 | €0 | - | - |
| Fixed assets21/28 | €11k | €56k | €47k | ▼ 16.3% |
| Tangible fixed assets22/27 | €11k | €56k | €47k | ▼ 16.3% |
| Plant, machinery and equipment23 | €3k | €4k | €4k | ▼ 13.3% |
| Furniture and vehicles24 | €9k | €52k | €43k | ▼ 16.5% |
| Financial fixed assets28 | €15 | €15 | €15 | = |
| Current assets29/58 | €30k | €48k | €35k | ▼ 27.8% |
| Amounts receivable within one year40/41 | €21k | €19k | €13k | ▼ 30.3% |
| Trade receivables40 | €17k | €14k | €10k | ▼ 28.5% |
| Other amounts receivable41 | €4k | €4k | €3k | ▼ 36.5% |
| Cash at bank and in hand54/58 | €7k | €29k | €21k | ▼ 28.0% |
| Deferred charges and accrued income490/1 | €1k | €1k | €1k | ▲ 12.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €41k | €104k | €82k | ▼ 21.6% |
| Equity10/15 | €20k | €38k | €37k | ▼ 1.0% |
| Contributions10/11 | €1k | €1k | €1k | = |
| Reserves13 | €19k | €37k | €36k | ▼ 1.1% |
| Distributable reserves133 | €19k | €37k | €36k | ▼ 1.1% |
| Amounts payable17/49 | €22k | €67k | €44k | ▼ 33.2% |
| Amounts payable after more than one year17 | €4k | €1k | €25k | ▲ 1,914% |
| Financial debts170/4 | €4k | €1k | €25k | ▲ 1,914% |
| Amounts payable within one year42/48 | €18k | €65k | €19k | ▼ 70.8% |
| Current portion of amounts payable after more than one year42 | €3k | €3k | €9k | ▲ 195% |
| Trade debts44 | €708 | €52k | €2k | ▼ 96.6% |
| Suppliers440/4 | €708 | €52k | €2k | ▼ 96.6% |
| Taxes, remuneration and social security45 | €14k | €10k | €9k | ▼ 14.4% |
| Taxes450/3 | €12k | €7k | €6k | ▼ 19.2% |
| Remuneration and social security454/9 | €3k | €3k | €3k | = |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €18k | €-386 | ▼ 102% |
| + Depreciation and write-downs630 | €4k | €3k | €13k | ▲ 283% |
| Operating cash flow (approximation) | €22k | €21k | €13k | ▼ 41.7% |
| Investment in fixed assets (approximation) | - | €-48k | €-4k | ▲ 92.0% |
| Change in cash | - | €21k | €-8k | ▼ 138% |
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
2025
02-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €-386
Net result drops to €-386, the lowest in the series.
31-03
Financial
Liquidity doublescurrent ratio 1.83
Current ratio from 0.74 to 1.83; short-term debt falls from €65k to €19k.
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
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.
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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, Aalter · 1 establishment unit since 2022
Ground area
1,161 m²
Building footprint
115 m²
Volume, LiDAR
420 m³
Parcel 44029D0447/00D000, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Electro Solutions Haegeman
since 20222.329.787.174
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44029D0447/00D000 | Flanders | 1,161 m² | 1 · 115 m² | 5.9 m · 1 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.
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,261 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
Founded05-04-2022
Fiscal year end31-03
Activities, NACEBEL 2025
43211General electrical installation work
25110Manufacture of metal structures and parts of structures
33120Repair and maintenance of machinery
33140Repair and maintenance of electrical equipment
43120Site preparation
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.