ELECTRO - TEST
ActiveSummary
The computed 12-month bankruptcy probability of ELECTRO - TEST is 2.1% (moderate). The 2024 annual accounts show equity of €1.3m and a net result of €104,360. Equity is growing by about 31% per year across the filed financial years. Its solvency ranks better than 38% of 1,920 sector peers (NACE 71, financial year 2024). The company has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €1.3m
- Profit
- €104,360
- Parent
- NINA · 100%
- Nina MuyldermansDirector
- NINADirector · permanent representative VANDERVORST Ellen
Why 53raises riskFigures for financial year 2024 (filed 25-10-2025)1 change of registered office in 24 months1 financial year not filed after the legal deadline; last filed accounts filed 85 days late; 2 of the last 3 lateLiquidity: current ratio 0.73, cash €142,300Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, small): better than 40% on solvency, 12% on liquidity, 53% on profitability and 60% on growth.
The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 42 days after the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (1)
- Resignation: Carl Vandervorst (director)Declaration · Power of attorney
- Appointment: Nina Muyldermans (director)Registered-office move
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2024, abbreviated format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 24 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result falls in 2024; 2024 is 74% below 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.1% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 14,766 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €59,421 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €132 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,125 | €27,151 | €24,357 | €15,962 | €207,747 | €417,892 | €597,326 | ▲ 42.9% |
| Other operating charges640/8 | - | - | - | €788 | €3,544 | €6,983 | €126 | ▼ 98.2% |
| Gross operating margin9900 | €122,129 | €133,323 | €136,861 | €284,098 | €473,730 | €948,469 | €735,366 | ▼ 22.5% |
| Operating profit (loss)9901 | €90,300 | €103,691 | €108,397 | €267,216 | €262,439 | €523,594 | €137,914 | ▼ 73.7% |
| Financial income75/76B | - | - | - | €20,007 | €1,296 | €464 | €1,390 | ▲ 200% |
| Recurring financial income75 | €2,132 | €251 | €586 | €20,007 | €1,296 | €464 | €1,390 | ▲ 200% |
| Financial charges65/66B | - | - | - | €7,984 | €9,220 | €13,934 | €34,944 | ▲ 151% |
| Recurring financial charges65 | €13,304 | €12,416 | €9,140 | €7,984 | €9,220 | €13,934 | €34,944 | ▲ 151% |
| Profit (loss) for the period before taxes9903 | €79,128 | €91,527 | €99,843 | €279,239 | €254,515 | €510,124 | €104,360 | ▼ 79.5% |
| Income taxes67/77 | €20,086 | €19,386 | €26,371 | €72,984 | €0 | €55,690 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €59,041 | €72,141 | €73,473 | €206,256 | €254,515 | €454,434 | €104,360 | ▼ 77.0% |
| Profit (loss) for the period to be appropriated9905 | €59,041 | €72,141 | €73,473 | €206,256 | €254,515 | €454,434 | €104,360 | ▼ 77.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.8m | €0.8m | €0.9m | €1.1m | €2.3m | €3.3m | €3.9m | ▲ 18.3% |
| Fixed assets21/28 | €0.5m | €0.5m | €0.5m | €0.2m | €1.6m | €1.9m | €2.1m | ▲ 10.5% |
| Intangible fixed assets21 | - | - | - | - | €1.4m | €1.9m | €2.1m | ▲ 10.6% |
| Tangible fixed assets22/27 | €0.5m | €0.5m | €0.5m | €0.2m | €0.2m | €0.003m | €0.002m | ▼ 38.1% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | €0 | - | - |
| Plant, machinery and equipment23 | - | - | - | €0.004m | €0.003m | €0.002m | €0.001m | ▼ 39.4% |
| Furniture and vehicles24 | - | - | - | €0.001m | €0.001m | €0.001m | €377 | ▼ 33.3% |
| Financial fixed assets28 | - | - | - | - | - | €0.005m | €0.005m | = |
| Current assets29/58 | €0.3m | €0.3m | €0.4m | €0.9m | €0.7m | €1.4m | €1.8m | ▲ 28.9% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.1m | €0.3m | €0.6m | €1.3m | €1.7m | ▲ 31.1% |
| Trade receivables40 | - | - | - | €0.3m | €0.5m | €1.0m | €1.6m | ▲ 50.2% |
| Other amounts receivable41 | - | - | - | €0.05m | €0.07m | €0.2m | €0.1m | ▼ 56.5% |
| Cash at bank and in hand54/58 | €0.2m | €0.08m | €0.3m | €0.6m | €0.1m | €0.06m | €0.1m | ▲ 134% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.02m | €0.09m | €0.02m | ▼ 78.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.8m | €0.8m | €0.9m | €1.1m | €2.3m | €3.3m | €3.9m | ▲ 18.3% |
| Equity10/15 | €0.3m | €0.3m | €0.4m | €0.5m | €0.8m | €1.2m | €1.3m | ▲ 8.5% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves not available under the articles1311 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Profit (loss) carried forward14 | €0.001m | €0.07m | €0.1m | €0.4m | €0.6m | €1.1m | €1.2m | ▲ 9.8% |
| Amounts payable17/49 | €0.6m | €0.5m | €0.4m | €0.6m | €1.5m | €2.1m | €2.6m | ▲ 24.0% |
| Amounts payable after more than one year17 | €0.3m | €0.3m | €0.2m | €0.05m | €0.3m | €0.2m | €0.1m | ▼ 36.2% |
| Financial debts170/4 | - | - | - | €0.05m | €0.3m | €0.2m | €0.1m | ▼ 36.2% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.2m | €0.6m | €1.2m | €1.9m | €2.5m | ▲ 30.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.1m | €0.08m | €0.08m | = |
| Trade debts44 | €0.1m | €0.1m | €0.1m | €0.4m | €0.4m | €0.4m | €1.2m | ▲ 236% |
| Suppliers440/4 | - | - | - | €0.4m | €0.4m | €0.4m | €1.2m | ▲ 236% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.05m | €0.02m | €0.1m | ▲ 586% |
| Taxes450/3 | - | - | - | €0.04m | €0.05m | €0.02m | €0.1m | ▲ 538% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €0.009m | - |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.7m | €1.4m | €1.1m | ▼ 26.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.06m | €0.07m | €0.07m | €0.2m | €0.3m | €0.5m | €0.1m | ▼ 77.0% |
| + Depreciation and write-downs630 | €0.03m | €0.03m | €0.02m | €0.02m | €0.2m | €0.4m | €0.6m | ▲ 42.9% |
| Operating cash flow (approximation) | €0.09m | €0.1m | €0.1m | €0.2m | €0.5m | €0.9m | €0.7m | ▼ 19.6% |
| Investment in fixed assets (approximation) | - | -€0.01m | -€0.004m | €0.3m | -€1.6m | -€0.7m | -€0.8m | ▼ 10.2% |
| Change in cash | - | -€0.1m | €0.2m | €0.3m | -€0.5m | -€0.04m | €0.08m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | abbreviated format | 24-10-2025 | 2025-00549358 |
| 31-12-2023 | abbreviated format | 07-11-2024 | 2024-00530468 |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00298755 |
| 31-12-2021 | abbreviated format | 08-11-2022 | 2022-20516293 |
| 31-12-2020 | abbreviated format | 26-07-2021 | 2021-40900572 |
| 31-12-2019 | micro format | 06-07-2020 | 2020-26900438 |
| 31-12-2018 | micro format | 14-08-2019 | 2019-47500398 |
| 31-12-2017 | micro format | 24-07-2018 | 2018-36800403 |
| 31-12-2016 | micro format | 24-07-2017 | 2017-34500365 |
| 31-12-2015 | abbreviated format | 20-06-2016 | 2016-19700031 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| NINA |
|
| Nina Muyldermans |
|
| VANDERVORST Carl Emiel Jozef |
|
Owners and capital
Owners
1 ownerChain of control
- NINA
- ELECTRO - TEST
Highest known parent: NINA. The sources do not say who stands above it.
Owners 1
- NINAparentSourceaccounts NINA 2024100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 27-05-2024 Converted to unavailable equity
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
03-06
Gazette deed
Resignation: Carl Vandervorst (director)Declaration · Power of attorney6 facts ▸
- General meeting, 25-07-2024
- Director resignation, Carl Vandervorst (director)
- Declaration, 20-05-2026
- Power of attorney, Frédéric Verspreeuwen
- Power of attorney, Melani Simonian
- Power of attorney, Anaïs Taelman
19-05
Gazette deed
Appointment: Nina Muyldermans (director)Registered-office move3 facts ▸
- General meeting, 30-04-2026
- Registered-office move, Lambrechtsstraat 5, 1820 Melsbroek
- Director appointment, Nina Muyldermans (director)
27-05
Gazette deed
Resignations: VANDERVORST Carl Emiel Jozef (director) and NINA (director)Reappointments: VANDERVORST Carl Emiel Jozef (director) and NINA (director) · Permanent representative: VANDERVORST Ellen · Capital conversion15 facts ▸
- General meeting, 12-02-2024
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, Eerste besluit” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing, middelen beschikbaar voor uitkering” (deed in Dutch)
- Amendment of the articles
- Capital
- Other provision, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Power of attorney, Katrien DEVIJVER
- Director resignation, VANDERVORST Carl Emiel Jozef
- Director reappointment, VANDERVORST Carl Emiel Jozef (director (not named in the articles))
- Director resignation, NINA
- Director reappointment, NINA (director (not named in the articles))
- +3 further facts in this act
Show earlier events
About the unread acts
Of the 13 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
3 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23051A0161/00C007 | Flanders | 2,017 m² | 1 · 558 m² | 0.1 m |
| 62412B0318/00N005 | Wallonia | 1,397 m² | 1 · 175 m² | - |
| 23051B0366/00R000 | Flanders | 493 m² | 1 · 132 m² | 11.6 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle industriële, handels, financiële, onroerende of roerende verrichtingen die rechtstreeks of onrechtstreeks in verband staan met het…” (deed in Dutch)
3 activities (deed in Dutch)
- Alle industriële, handels, financiële, onroerende of roerende verrichtingen die rechtstreeks of onrechtstreeks in verband staan met het drijven ven technische opleidingen en seminaries, adviezen, niet wettelijke controles, risicoanalyses, technische dienstverleningen en alle aanverwante activiteiten die dit voorwerp kunnen vergemakkelijken of bevorderen
- Bouwen, verbouwen, kopen en verhuren van onroerende goederen voor eigen gebruik
- Energieverslaggeving
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ELECTRO - TEST
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bestuursorgaan bij eenvoudige beslissing” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, natuurlijke personen of rechtspersonen” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, aandelen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Elke overdracht onder levenden,ten bezwarende of kosteloze titel,vrijwillig of gedwongen,uitsluiting en uittreding,in vruchtgebruik,blote of…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met uitgifte nieuwe aandelen, overblijvende aandelen eerst aangeboden aan andere aandeelhouders die voorkeurrecht volledig…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Fourth Friday of May at 09:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering beslissende in vormen vereist voor statutenwijziging, elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen, bestuurder(s) in functie krachtens statuten” (deed in Dutch)