ELECTRO SPRINT INSTALLATIONS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 33 filings
Turnover
≈ €220,000
Estimated: probably between €130,000 and €340,000
Total assets
€105,822▼ 4.9%
2024 · €111,318
Net result
-€4,440
2024 · €1,378
Working capital
€86,851▼ 4.0%
2024 · €90,485
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€6,383
2025
20182025
Net result
-€4,440
2025
lowest quarter of the sector
20182025
Equity
€98,321
▼ 4.3%
2025
middle half of the sector
20182025
Total assets
€105,822
▼ 4.9%
2025
middle half of the sector
20182025
Debt
€7,501
▼ 12.3%
2025
20182025
Working capital
€86,851
▼ 4.0%
2025
middle half of the sector
20182025
Solvency
92.9%
▲ 0.6pp
2025
highest quarter of the sector
20182025
Current ratio
12.58
▲ 1.01
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-4.2%
▼ 5.4pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
1
=
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€18,069-€14,213▼ 21.3%€32,847▲ 131%€23,532▼ 28.4%€36,860▲ 56.6%€3,618▼ 90.2%€1,525▼ 57.9%-€6,383
Net result€17,530-€14,138▼ 19.4%€28,405above the sector's middle half▲ 101%€13,295within the sector's middle half▼ 53.2%€24,112within the sector's middle half▲ 81.4%€2,165within the sector's middle half▼ 91.0%€1,378within the sector's middle half▼ 36.4%-€4,440below the sector's middle half
Equity€19,268-€33,406▲ 73.4%€61,810within the sector's middle half▲ 85.0%€75,106within the sector's middle half▲ 21.5%€99,218within the sector's middle half▲ 32.1%€101,383within the sector's middle half▲ 2.2%€102,761within the sector's middle half▲ 1.4%€98,321within the sector's middle half▼ 4.3%
Total assets€60,643-€55,480▼ 8.5%€100,912within the sector's middle half▲ 81.9%€109,049within the sector's middle half▲ 8.1%€166,640within the sector's middle half▲ 52.8%€142,554within the sector's middle half▼ 14.5%€111,318within the sector's middle half▼ 21.9%€105,822within the sector's middle half▼ 4.9%
Debt€41,375-€22,074▼ 46.6%€39,102▲ 77.1%€33,943▼ 13.2%€67,422▲ 98.6%€41,171▼ 38.9%€8,558▼ 79.2%€7,501▼ 12.3%
Working capital€26,296-€35,873▲ 36.4%€60,414within the sector's middle half▲ 68.4%€67,970within the sector's middle half▲ 12.5%€92,036above the sector's middle half▲ 35.4%€85,626within the sector's middle half▼ 7.0%€90,485within the sector's middle half▲ 5.7%€86,851within the sector's middle half▼ 4.0%
Solvency31.8%-60.2%▲ 28.4pp61.3%within the sector's middle half▲ 1.0pp68.9%above the sector's middle half▲ 7.6pp59.5%within the sector's middle half▼ 9.3pp71.1%above the sector's middle half▲ 11.6pp92.3%above the sector's middle half▲ 21.2pp92.9%above the sector's middle half▲ 0.6pp
Current ratio1.79-2.87▲ 1.092.55within the sector's middle half▼ 0.333.00within the sector's middle half▲ 0.462.37within the sector's middle half▼ 0.643.08within the sector's middle half▲ 0.7111.57above the sector's middle half▲ 8.4912.58above the sector's middle half▲ 1.01
Return on assets (ROA)28.9%-25.5%▼ 3.4pp28.1%above the sector's middle half▲ 2.7pp12.2%within the sector's middle half▼ 16.0pp14.5%within the sector's middle half▲ 2.3pp1.5%within the sector's middle half▼ 13.0pp1.2%within the sector's middle half▼ 0.3pp-4.2%below the sector's middle half▼ 5.4pp
Staff (FTE)1-1=1within the sector's middle half=1=1=1=1=1=
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €6,383, after a profit of €1,525 in 2024. It is the lowest result since 2018.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105,822
Fixed assets
€11,469 ▼ 6.6%
Current assets
€94,352 ▼ 4.7%
Equity and liabilities €105,822
Equity
€98,321 ▼ 4.3%
Debt
€7,501 ▼ 12.3%
Debt's share of the balance-sheet total falls from 7.7% to 7.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€14▼
2024 · €7,377
Cash flow
€1,929▼
2024 · €7,229
Quick ratio
12.35▲
2024 · 11.40
Debt to equity
0.08▼
2024 · 0.08
ROE
-4.5%▼
2024 · 1.3%
Interest coverage
-0.12▼
2024 · over 100
Debt ≤ 1 year
€7,501▼
2024 · €8,558
Income taxes
€0▼
2024 · €826
Staff costs
€53,451▲
2024 · €52,768
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1 | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 | 1 | 1 |
| On a permanent contract | - | 1 | 1 | 1 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,991 | €2,626 | €12,712 | €2,370 | €5,562 |
| Depreciation and write-downs of the year | €1,251 | €2,579 | €4,137 | €5,852 | €6,369 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €67,381 | €69,183 | €75,752 | €52,768 | €53,451 | ▲ 1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €439 | €439 | €525 | €1,251 | €2,579 | €4,137 | €5,852 | €6,369 | ▲ 8.8% |
| Other operating charges640/8 | - | - | - | €1,109 | €1,650 | €2,760 | €1,590 | €1,559 | ▼ 1.9% |
| Gross operating margin9900 | €77,703 | €67,317 | €81,888 | €93,274 | €110,273 | €86,268 | €61,734 | €54,996 | ▼ 10.9% |
| Operating profit (loss)9901 | €18,069 | €14,213 | €32,847 | €23,532 | €36,860 | €3,618 | €1,525 | -€6,383 | - |
| Financial income75/76B | - | - | - | €220 | €540 | €526 | €742 | €2,063 | ▲ 178% |
| Recurring financial income75 | €895 | €1,103 | €1,084 | €220 | €540 | €526 | €742 | €563 | ▼ 24.2% |
| Non-recurring financial income76B | - | - | - | - | - | - | - | €1,500 | - |
| Financial charges65/66B | - | - | - | €500 | €312 | €208 | €63 | €120 | ▲ 89.8% |
| Recurring financial charges65 | €1,434 | €1,178 | €699 | €500 | €312 | €208 | €63 | €120 | ▲ 89.8% |
| Profit (loss) for the period before taxes9903 | €17,530 | €14,138 | €33,232 | €23,251 | €37,089 | €3,936 | €2,204 | -€4,440 | - |
| Income taxes67/77 | - | - | €4,827 | €9,956 | €12,976 | €1,772 | €826 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €17,530 | €14,138 | €28,405 | €13,295 | €24,112 | €2,165 | €1,378 | -€4,440 | - |
| Profit (loss) for the period to be appropriated9905 | €17,530 | €14,138 | €28,405 | €13,295 | €24,112 | €2,165 | €1,378 | -€4,440 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €60,643 | €55,480 | €100,912 | €109,049 | €166,640 | €142,554 | €111,318 | €105,822 | ▼ 4.9% |
| Fixed assets21/28 | €889 | €449 | €1,396 | €7,136 | €7,183 | €15,757 | €12,276 | €11,469 | ▼ 6.6% |
| Tangible fixed assets22/27 | €889 | €449 | €1,396 | €7,136 | €7,183 | €15,757 | €12,276 | €11,469 | ▼ 6.6% |
| Land and buildings22 | - | - | - | - | - | - | - | €2,101 | - |
| Plant, machinery and equipment23 | - | - | - | - | €1,865 | €1,149 | €2,771 | €241 | ▼ 91.3% |
| Furniture and vehicles24 | - | - | - | €7,136 | €5,318 | €14,608 | €9,504 | €9,127 | ▼ 4.0% |
| Current assets29/58 | €59,754 | €55,030 | €99,516 | €101,913 | €159,457 | €126,797 | €99,043 | €94,352 | ▼ 4.7% |
| Stocks and contracts in progress3 | €7,000 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | €1,750 | ▲ 16.7% |
| Stocks30/36 | - | - | - | €1,500 | €1,500 | €1,500 | €1,500 | €1,750 | ▲ 16.7% |
| Amounts receivable within one year40/41 | €50,821 | €30,074 | €50,207 | €32,589 | €77,225 | €69,624 | €65,263 | €66,499 | ▲ 1.9% |
| Trade receivables40 | - | - | - | €19,068 | €61,187 | €45,020 | €33,961 | €49,974 | ▲ 47.2% |
| Other amounts receivable41 | - | - | - | €13,521 | €16,037 | €24,604 | €31,302 | €16,525 | ▼ 47.2% |
| Cash at bank and in hand54/58 | €1,890 | €23,413 | €47,596 | €67,469 | €80,495 | €54,932 | €32,018 | €21,677 | ▼ 32.3% |
| Deferred charges and accrued income490/1 | - | - | - | €355 | €238 | €740 | €262 | €4,427 | ▲ 17× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €60,643 | €55,480 | €100,912 | €109,049 | €166,640 | €142,554 | €111,318 | €105,822 | ▼ 4.9% |
| Equity10/15 | €19,268 | €33,406 | €61,810 | €75,106 | €99,218 | €101,383 | €102,761 | €98,321 | ▼ 4.3% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | €18,600 | €18,600 | €18,600 | - | - | - |
| Other1109/19 | - | - | - | €18,600 | €18,600 | €18,600 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €26,284 | €56,506 | €80,618 | €82,783 | €82,783 | €80,923 | ▼ 2.2% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €54,646 | €78,758 | €82,783 | €82,783 | €80,923 | ▼ 2.2% |
| Profit (loss) carried forward14 | -€1,192 | €12,946 | €16,927 | - | - | - | €1,378 | -€1,202 | - |
| Amounts payable17/49 | €41,375 | €22,074 | €39,102 | €33,943 | €67,422 | €41,171 | €8,558 | €7,501 | ▼ 12.3% |
| Amounts payable after more than one year17 | €7,917 | €2,917 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €33,458 | €19,157 | €39,102 | €33,943 | €67,422 | €41,171 | €8,558 | €7,501 | ▼ 12.3% |
| Trade debts44 | €21,116 | €13,024 | €30,648 | €16,028 | €46,288 | €32,301 | €5,497 | €4,309 | ▼ 21.6% |
| Suppliers440/4 | - | - | - | €16,028 | €46,288 | €32,301 | €5,497 | €4,309 | ▼ 21.6% |
| Taxes, remuneration and social security45 | - | - | - | €17,915 | €21,133 | €8,870 | €3,060 | €3,192 | ▲ 4.3% |
| Taxes450/3 | - | - | - | €9,956 | €12,976 | - | - | - | - |
| Remuneration and social security454/9 | - | - | - | €7,959 | €8,157 | €8,870 | €3,060 | €3,192 | ▲ 4.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,530 | €14,138 | €28,405 | €13,295 | €24,112 | €2,165 | €1,378 | -€4,440 | - |
| + Depreciation and write-downs630 | €439 | €439 | €525 | €1,251 | €2,579 | €4,137 | €5,852 | €6,369 | ▲ 8.8% |
| Operating cash flow (approximation) | €17,970 | €14,577 | €28,930 | €14,547 | €26,691 | €6,302 | €7,229 | €1,929 | ▼ 73.3% |
| Investment in fixed assets (approximation) | - | €0 | -€1,472 | -€6,991 | -€2,626 | -€12,712 | -€2,370 | -€5,562 | ▼ 135% |
| Change in cash | - | €21,522 | €24,184 | €19,873 | €13,026 | -€25,563 | -€22,915 | -€10,341 | ▲ 54.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as ELECTRO SPRINT INSTALLATIONS has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ELECTRO SPRINT INSTALLATIONS itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for ELECTRO SPRINT INSTALLATIONS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-07-2026 | 2026-00347353 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00340612 | |
| 31-12-2023 | micro format | 29-10-2024 | 2024-00521253 | |
| 31-12-2022 | micro format | 30-09-2023 | 2023-00462864 | |
| 31-12-2021 | micro format | 31-07-2022 | 2022-20253034 | |
| 31-12-2020 | micro format | 30-09-2021 | 2021-70200174 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-68100417 | |
| 31-12-2018 | micro format | 27-09-2019 | 2019-67200138 | |
| 31-12-2017 | micro format | 30-09-2018 | 2018-67400182 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-57000092 |