Electro Vandevoorde
ActiveSummary
Electro Vandevoorde has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €213k and a net result of €41k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 45% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-2
Solvency68▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.36 in 2024; short-term debt: 44% and cash: 15.5% of total assets), and 56.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.2%
Return on assets
8.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
7 d early
2023
7 d early
2022
28 d late
2021
31 d late
2020
27 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€213k▲ 23.9%
2024 · €172k
2018: €118k
2019: €118k
2020: €140k
2021: €146k
2022: €127k
2023: €140k
2024: €172k
2018 → 2025
Total assets
€493k▲ 49.8%
2024 · €329k
2018: €359k
2019: €320k
2020: €378k
2021: €344k
2022: €374k
2023: €335k
2024: €329k
2018 → 2025
Net result
€41k▲ 28.7%
2024 · €32k
2018: €3k
2019: €271
2020: €22k
2021: €6k
2022: €3k
2023: €13k
2024: €32k
2018 → 2025
Working capital
€77k▲ 86.8%
2024 · €41k
2018: €100k
2019: €104k
2020: €77k
2021: €32k
2022: €-7k
2023: €2k
2024: €41k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€146k-€127k▼ 13.4%€140k▲ 10.5%€172k▲ 22.8%€213k▲ 23.9%
Operating result€16k-€4k▼ 71.7%€26k▲ 493%€50k▲ 89.0%€63k▲ 25.8%
Net result€6k-€3k▼ 58.4%€13k▲ 406%€32k▲ 141%€41k▲ 28.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €493k
Fixed assets
€200k ▲ 15.5%
Current assets
€294k ▲ 87.6%
Equity and liabilities €493k
Equity
€213k ▲ 23.9%
Debt
€280k ▲ 78.0%
Debt's share of the balance-sheet total rises from 47.8% to 56.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€100k▼
2024 · €109k
Cash flow
€78k▼
2024 · €91k
Current ratio
1.35▼
2024 · 1.36
Quick ratio
1.12▲
2024 · 1.04
Debt to equity
1.32▲
2024 · 0.92
ROE
19.3%▲
2024 · 18.6%
ROA
8.3%▼
2024 · 9.7%
Interest coverage
15.41▼
2024 · 19.99
Debt ≤ 1 year
€217k▲
2024 · €115k
Debt > 1 year
€62k▲
2024 · €31k
Income taxes
€16k▲
2024 · €14k
Staff costs
€132k▼
2024 · €190k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€329k€493k▲
Fixed assets21/28€173k€200k▲
Tangible fixed assets22/27€173k€200k▲
Land and buildings22€97k€0▼
Plant, machinery and equipment23€19k€18k▼
Furniture and vehicles24€56k€35k▼
Leasing and similar rights25-€23k
Other tangible fixed assets26€947€124k▲
Current assets29/58€157k€294k▲
Amounts receivable after more than one year29€13k€13k=
Other amounts receivable291€13k€13k=
Stocks and contracts in progress3€36k€51k▲
Stocks30/36€36k€51k▲
Amounts receivable within one year40/41€95k€142k▲
Trade receivables40€59k€106k▲
Other amounts receivable41€36k€36k▲
Cash at bank and in hand54/58€2k€76k▲
Deferred charges and accrued income490/1€11k€12k▲
Equity and liabilities
Total equity and liabilities10/49€329k€493k▲
Equity10/15€172k€213k▲
Contributions10/11€20k€20k=
Reserves13€152k€193k▲
Distributable reserves133€152k€193k▲
Amounts payable17/49€158k€280k▲
Amounts payable after more than one year17€31k€62k▲
Financial debts170/4€31k€62k▲
Amounts payable within one year42/48€115k€217k▲
Current portion of amounts payable after more than one year42€27k€22k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€53k€167k▲
Suppliers440/4€53k€167k▲
Advances received on contracts in progress46€0€47▲
Taxes, remuneration and social security45€36k€27k▼
Taxes450/3€11k€7k▼
Remuneration and social security454/9€25k€20k▼
Other amounts payable47/48€0€1k▲
Accrued charges and deferred income492/3€11k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€190k€132k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€37k▼
Other operating charges640/8€4k€18k▲
Gross operating margin9900€302k€249k▼
Operating profit (loss)9901€50k€63k▲
Financial income75/76B€1k€896▼
Recurring financial income75€1k€896▼
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€46k€57k▲
Income taxes67/77€14k€16k▲
Profit (loss) for the period9904€32k€41k▲
Profit (loss) for the period to be appropriated9905€32k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€32k€41k▲
Transfer to equity691/2€32k€41k▲
To other reserves6921€32k€41k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €41k ▲28.7%
Operating result €63k, net result €41k, both a record.
31-12
Financial
Equity above €200kEq €213k ▲23.9%
8 profitable years in a row build equity to €213k.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €172k ▲22.8%
7 profitable years in a row build equity to €172k.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €271 ▼91.4%
Net result drops to €271, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Wingene · 1 establishment unit since 1999
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Tieltsteenweg 288750 WingeneGround area
2,604 m²
Parcel 37018F1588/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
Tieltsteenweg 28, 8750 Wingene
since 19992.090.007.332
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37018F1588/00A000 | Flanders | 2,603 m² | - | - |
Linked by address, not proof of ownership
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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 4,766 EUR awarded · 4,766 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 458 EUR | 458 EUR |
| 2023 | 1 | 3,750 EUR | 3,750 EUR |
| 2022 | 1 | 558 EUR | 558 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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BE 0544.997.369
Sint-Niklaas · Eq €212,902
AMBIENTE
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HOVATEC
BE 0502.797.223
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CL ELECTRIC
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Oostende · Eq €213,271
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,172 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-12-1998
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.