ELECTRO VLEUGELS
ActiveELECTRO VLEUGELS has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.49M and a net result of €284k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 82% of 9019 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
100
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability95▲+17
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 5.06 against 3.97 in 2023), and 24% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
76%
Return on assets
14.5%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d late
2023
30 d late
2022
24 d late
2021
26 d late
2020
89 d late
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.49M▲ 23.6%
2023 · €1.21M
2018: €1.07M
2019: €631k
2020: €772k
2021: €920k
2022: €1.02M
2023: €1.21M
2018 → 2024
Total assets
€1.96M▲ 13.9%
2023 · €1.72M
2018: €1.25M
2019: €1.09M
2020: €1.29M
2021: €1.43M
2022: €1.54M
2023: €1.72M
2018 → 2024
Net result
€284k▲ 50.3%
2023 · €189k
2018: €77k
2019: €85k
2020: €141k
2021: €148k
2022: €97k
2023: €189k
2018 → 2024
Working capital
€1.46M▲ 21.6%
2023 · €1.20M
2018: €994k
2019: €575k
2020: €706k
2021: €881k
2022: €993k
2023: €1.20M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€772k-€920k▲ 19.2%€1.02M▲ 10.6%€1.21M▲ 18.6%€1.49M▲ 23.6%
Operating result€191k-€211k▲ 10.5%€138k▼ 34.4%€275k▲ 99.0%€390k▲ 41.5%
Net result€141k-€148k▲ 5.0%€97k▼ 34.4%€189k▲ 94.6%€284k▲ 50.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 42% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.96M
Fixed assets
€142k▲ 20.3%
Current assets
€1.82M▲ 13.4%
Equity and liabilities €1.96M
Equity
€1.49M▲ 23.6%
Debt
€471k▼ 8.7%
The debt ratio falls from 30.0% to 24.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€409k▲
2023 · €299k
Cash flow
€304k▲
2023 · €213k
Solvency
76.0%▲
2023 · 70.0%
Current ratio
5.06▲
2023 · 3.97
Quick ratio
4.86▲
2023 · 3.79
Debt / equity
0.32▼
2023 · 0.43
ROE
19.1%▲
2023 · 15.7%
ROA
14.5%▲
2023 · 11.0%
Interest coverage
67.88▲
2023 · 15.24
Debt
€471k▼
2023 · €516k
Debt ≤ 1 year
€360k▼
2023 · €404k
Debt > 1 year
€112k=
2023 · €112k
Income taxes
€133k▲
2023 · €89k
Staff costs
€89k▼
2023 · €89k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.72M€1.96M▲
Fixed assets21/28€118k€142k▲
Tangible fixed assets22/27€118k€142k▲
Land and buildings22€112k€99k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€2k€41k▲
Current assets29/58€1.60M€1.82M▲
Stocks and contracts in progress3€74k€74k▼
Stocks30/36€74k€74k▼
Amounts receivable within one year40/41€102k€85k▼
Trade receivables40€93k€75k▼
Other amounts receivable41€9k€10k▲
Current investments50/53€909k€1.12M▲
Cash at bank and in hand54/58€509k€491k▼
Deferred charges and accrued income490/1€11k€52k▲
Equity and liabilities
Total equity and liabilities10/49€1.72M€1.96M▲
Equity10/15€1.21M€1.49M▲
Contributions10/11€112k€112k=
Capital10€112k€112k=
Issued capital100€112k€112k=
Reserves13€1.09M€1.38M▲
Non-distributable reserves130/1€32k€32k=
Legal reserve130€32k€32k=
Distributable reserves133€1.06M€1.35M▲
Amounts payable17/49€516k€471k▼
Amounts payable after more than one year17€112k€112k=
Financial debts170/4€112k€112k=
Amounts payable within one year42/48€404k€360k▼
Trade debts44€46k€38k▼
Suppliers440/4€46k€38k▼
Advances received on contracts in progress46€2k€2k▼
Taxes, remuneration and social security45€53k€31k▼
Taxes450/3€39k€11k▼
Remuneration and social security454/9€14k€20k▲
Other amounts payable47/48€303k€289k▼
Accrued charges and deferred income492/3€763€25▼
Income statement
Code20232024
Non-recurring operating income76A-€413
Remuneration, social security and pensions62€89k€89k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€19k▼
Other operating charges640/8€7k€6k▼
Gross operating margin9900€396k€504k▲
Operating profit (loss)9901€275k€390k▲
Financial income75/76B€22k€34k▲
Recurring financial income75€22k€34k▲
Financial charges65/66B€20k€6k▼
Recurring financial charges65€20k€6k▼
Profit (loss) for the period before taxes9903€278k€418k▲
Income taxes67/77€89k€133k▲
Profit (loss) for the period9904€189k€284k▲
Profit (loss) for the period to be appropriated9905€189k€284k▲
Appropriation of the result
Profit (loss) to be appropriated9906€189k€284k▲
Transfer to equity691/2€189k€284k▲
To other reserves6921€189k€284k▲
Social balance
Average headcount (FTE)90872.02.0=
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
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
31-12
Financial
Highest result since 2018net €284k ▲50.3%
Operating result €390k, net result €284k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
31-12
Financial
Equity above €1MEq €1.02M ▲10.6%
5 profitable years in a row build equity to €1.02M.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 1 day late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
09-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2019
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
22-11-2019
Huysegems Marie-Thérèse: Resigned as Director
22-11-2019
Vleugels Johan: Resigned as Director
02-06-2015
Huysegems Marie-Thérèse: Resigned as Director
02-06-2015
Vleugels Johan: Resigned as Director
02-06-2015
Vleugels Johan: Resigned as Managing director
27-08-2009
Huysegems Marie-Thérèse: Resigned as Director
27-08-2009
Vleugels Johan: Resigned as Director
27-08-2009
Vleugels Johan: Resigned as Managing director
Location & real-estate footprint
Registered office, Scherpenheuvel-Zichem · 1 establishment unit since 1997
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.
Westelsebaan 13271 Scherpenheuvel-ZichemGround area
1,068 m²
Building footprint
555 m²
Volume, LiDAR
3,029 m³
Parcel 24005C0321/00N002, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELECTRO VLEUGELS NV
since 19972.081.023.647
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24005C0321/00N002 | Flanders | 1,068 m² | 1 · 555 m² | 9.4 m · 2 fl. |
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
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Legal Entity Identifier
6994003ZAR455UM9QG10
Similar companies · same sector, comparable size
BRIO GROUP
BE 0521.690.150
Herentals · Eq €1.50M
DELTACAST.TV
BE 0815.860.862
Ans · Eq €1.47M
Stac 2
BE 0440.223.216
Oostende · Eq €1.47M
ELECTRO-FLANDRIA
BE 0453.988.605
Nazareth-De Pinte · Eq €1.52M
ELECTRA-BREE
BE 0872.796.397
Bree · Eq €1.46M
Of 977 companies in sector 46431 we hold annual accounts for 706. 418 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-03-1997
Fiscal year end31-12
Activities, NACEBEL
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
52450
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.