ELECTROFAN
ActiveSummary
ELECTROFAN has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42,985 and a net result of €11,560. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-6
Solvency34▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.09 in 2024; short-term debt: 90.9% and cash: 10.7% of total assets), and 90.9% of the assets are financed with debt.
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Signals
Seven 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
9.1%
Return on assets
2.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 28254 sector peers (2025).
NBB · sector comparisonPosition among 28254 sector peers
Solvency
better than 14%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €42,985
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
107 d early
2023
15 d early
2022
56 d early
2021
26 d late
2020
19 d early
2019
63 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 7 July (4 of the last 5 filed years within 50 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€42,985▲ 33.0%
2024 · €32,325
Total assets
€474,509▲ 73.1%
2024 · €274,157
Net result
€11,560▼ 61.0%
2024 · €29,658
Working capital
€34,470▲ 54.0%
2024 · €22,382
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€21,458▲ 0.2%€30,889▲ 44.0%-€33,993€40,048€26,612▼ 33.5%
Net result€5,526within the sector's middle half▼ 59.3%€17,099within the sector's middle half▲ 209%-€43,822below the sector's middle half€29,658above the sector's middle half€11,560within the sector's middle half▼ 61.0%
Equity€64,390within the sector's middle half▲ 9.4%€61,489within the sector's middle half▼ 4.5%€17,666below the sector's middle half▼ 71.3%€32,325within the sector's middle half▲ 83.0%€42,985within the sector's middle half▲ 33.0%
Total assets€298,308above the sector's middle half▼ 22.9%€306,619above the sector's middle half▲ 2.8%€298,122above the sector's middle half▼ 2.8%€274,157within the sector's middle half▼ 8.0%€474,509above the sector's middle half▲ 73.1%
Debt€233,918▼ 28.6%€245,130▲ 4.8%€280,455▲ 14.4%€241,832▼ 13.8%€431,524▲ 78.4%
Working capital€39,510within the sector's middle half▲ 32.2%€38,570within the sector's middle half▼ 2.4%€10,385within the sector's middle half▼ 73.1%€22,382within the sector's middle half▲ 116%€34,470within the sector's middle half▲ 54.0%
Solvency21.6%below the sector's middle half▲ 6.4pp20.1%below the sector's middle half▼ 1.5pp5.9%below the sector's middle half▼ 14.1pp11.8%below the sector's middle half▲ 5.9pp9.1%below the sector's middle half▼ 2.7pp
Current ratio1.19within the sector's middle half▲ 0.091.17within the sector's middle half▼ 0.021.04below the sector's middle half▼ 0.131.09below the sector's middle half▲ 0.061.08below the sector's middle half▼ 0.01
Return on assets (ROA)1.9%within the sector's middle half▼ 1.7pp5.6%within the sector's middle half▲ 3.7pp-14.7%below the sector's middle half▼ 20.3pp10.8%within the sector's middle half▲ 25.5pp2.4%within the sector's middle half▼ 8.4pp
Staff (FTE)5.2▼ 13.3%4.4▼ 15.4%2.4▼ 45.5%2.8▲ 16.7%3.4▲ 21.4%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 34% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €474,509
Fixed assets
€8,515 ▼ 14.4%
Current assets
€465,994 ▲ 76.4%
Equity and liabilities €474,509
Equity
€42,985 ▲ 33.0%
Debt
€431,524 ▲ 78.4%
Debt's share of the balance-sheet total rises from 88.2% to 90.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31,463▼
2024 · €44,729
Cash flow
€16,411▼
2024 · €34,339
Quick ratio
0.89▲
2024 · 0.81
Debt to equity
10.04▲
2024 · 7.48
ROE
26.9%▼
2024 · 91.8%
Interest coverage
5.31▲
2024 · 4.76
Debt ≤ 1 year
€431,524▲
2024 · €241,832
Income taxes
€6,630▲
2024 · €2,901
Staff costs
€221,880▲
2024 · €147,393
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,377 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.0%
went bankrupt
1.6%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,377 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €219 | - | €5,252 | - | €340 | - |
| Remuneration, social security and pensions62 | €238,679 | €174,383 | €149,174 | €147,393 | €221,880 | ▲ 50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,473 | €13,863 | €6,710 | €4,681 | €4,851 | ▲ 3.6% |
| Other operating charges640/8 | €2,231 | €3,830 | €3,554 | €4,733 | €3,738 | ▼ 21.0% |
| Non-recurring operating charges66A | - | - | €3,970 | €2,948 | €546 | ▼ 81.5% |
| Gross operating margin9900 | €278,840 | €222,965 | €129,415 | €199,803 | €257,627 | ▲ 28.9% |
| Operating profit (loss)9901 | €21,458 | €30,889 | -€33,993 | €40,048 | €26,612 | ▼ 33.5% |
| Financial income75/76B | €2,191 | €2,699 | €1,900 | €1,914 | €2,166 | ▲ 13.2% |
| Recurring financial income75 | €2,191 | €2,699 | €1,900 | €1,914 | €2,166 | ▲ 13.2% |
| Financial charges65/66B | €12,704 | €10,461 | €11,488 | €9,403 | €10,588 | ▲ 12.6% |
| Recurring financial charges65 | €7,938 | €9,535 | €11,194 | €9,403 | €5,930 | ▼ 36.9% |
| Non-recurring financial charges66B | €4,766 | €926 | €294 | - | €4,657 | - |
| Profit (loss) for the period before taxes9903 | €10,945 | €23,128 | -€43,580 | €32,560 | €18,190 | ▼ 44.1% |
| Income taxes67/77 | €5,419 | €6,028 | €242 | €2,901 | €6,630 | ▲ 129% |
| Profit (loss) for the period9904 | €5,526 | €17,099 | -€43,822 | €29,658 | €11,560 | ▼ 61.0% |
| Profit (loss) for the period to be appropriated9905 | €5,526 | €17,099 | -€43,822 | €29,658 | €11,560 | ▼ 61.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €298,308 | €306,619 | €298,122 | €274,157 | €474,509 | ▲ 73.1% |
| Fixed assets21/28 | €45,486 | €36,287 | €10,752 | €9,943 | €8,515 | ▼ 14.4% |
| Tangible fixed assets22/27 | €43,341 | €34,142 | €8,607 | €7,798 | €6,370 | ▼ 18.3% |
| Plant, machinery and equipment23 | €4,325 | €3,426 | €2,527 | €2,569 | €1,363 | ▼ 47.0% |
| Furniture and vehicles24 | €8,625 | €8,086 | €642 | €2,628 | €5,007 | ▲ 90.5% |
| Leasing and similar rights25 | €30,390 | €22,631 | €5,438 | €2,601 | - | - |
| Financial fixed assets28 | €2,145 | €2,145 | €2,145 | €2,145 | €2,145 | = |
| Current assets29/58 | €252,822 | €270,331 | €287,370 | €264,214 | €465,994 | ▲ 76.4% |
| Stocks and contracts in progress3 | €100,047 | €101,260 | €100,885 | €68,672 | €83,359 | ▲ 21.4% |
| Stocks30/36 | €75,047 | €71,401 | €70,885 | €68,672 | €60,862 | ▼ 11.4% |
| Contracts in progress37 | €25,000 | €29,859 | €30,000 | - | €22,497 | - |
| Amounts receivable within one year40/41 | €144,789 | €157,877 | €170,334 | €159,880 | €328,343 | ▲ 105% |
| Trade receivables40 | €85,757 | €121,257 | €130,886 | €128,689 | €280,326 | ▲ 118% |
| Other amounts receivable41 | €59,032 | €36,620 | €39,449 | €31,191 | €48,018 | ▲ 53.9% |
| Cash at bank and in hand54/58 | €4,181 | €4,806 | €11,640 | €31,480 | €50,947 | ▲ 61.8% |
| Deferred charges and accrued income490/1 | €3,806 | €6,389 | €4,510 | €4,181 | €3,346 | ▼ 20.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €298,308 | €306,619 | €298,122 | €274,157 | €474,509 | ▲ 73.1% |
| Equity10/15 | €64,390 | €61,489 | €17,666 | €32,325 | €42,985 | ▲ 33.0% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €35,000 | €35,000 | €5,000 | €5,000 | €15,000 | ▲ 200% |
| Distributable reserves133 | €35,000 | €35,000 | €5,000 | €5,000 | €15,000 | ▲ 200% |
| Profit (loss) carried forward14 | €4,390 | €1,489 | -€12,334 | €2,325 | €2,985 | ▲ 28.4% |
| Amounts payable17/49 | €233,918 | €245,130 | €280,455 | €241,832 | €431,524 | ▲ 78.4% |
| Amounts payable after more than one year17 | €20,606 | €13,021 | €2,908 | - | - | - |
| Financial debts170/4 | €20,606 | €13,021 | €2,908 | - | - | - |
| Amounts payable within one year42/48 | €213,312 | €231,761 | €276,984 | €241,832 | €431,524 | ▲ 78.4% |
| Current portion of amounts payable after more than one year42 | €9,775 | €7,585 | €3,006 | €2,908 | - | - |
| Financial debts43 | €48,875 | €61,515 | €81,963 | €49,500 | €87,065 | ▲ 75.9% |
| Credit institutions430/8 | €48,875 | €61,515 | €81,963 | €49,500 | €87,065 | ▲ 75.9% |
| Trade debts44 | €95,216 | €97,789 | €135,646 | €79,586 | €208,925 | ▲ 163% |
| Suppliers440/4 | €95,216 | €97,789 | €135,646 | €79,586 | €208,925 | ▲ 163% |
| Taxes, remuneration and social security45 | €59,447 | €54,873 | €56,369 | €109,838 | €114,634 | ▲ 4.4% |
| Taxes450/3 | €14,222 | €16,928 | €31,604 | €60,481 | €31,440 | ▼ 48.0% |
| Remuneration and social security454/9 | €45,225 | €37,944 | €24,765 | €49,357 | €83,194 | ▲ 68.6% |
| Other amounts payable47/48 | - | €10,000 | - | - | €20,900 | - |
| Accrued charges and deferred income492/3 | - | €348 | €563 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,526 | €17,099 | -€43,822 | €29,658 | €11,560 | ▼ 61.0% |
| + Depreciation and write-downs630 | €16,473 | €13,863 | €6,710 | €4,681 | €4,851 | ▲ 3.6% |
| Operating cash flow (approximation) | €21,999 | €30,962 | -€37,112 | €34,339 | €16,411 | ▼ 52.2% |
| Investment in fixed assets (approximation) | - | -€4,665 | €18,825 | -€3,872 | -€3,423 | ▲ 11.6% |
| Change in cash | - | €625 | €6,835 | €19,840 | €19,466 | ▼ 1.9% |
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
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €29,658
Net result €29,658 after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
2019
31-12
Financial
Back to profitnet €52,081
Net result €52,081 after one loss-making year.
16-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 77 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 23 days late
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Perwez · 1 establishment unit since 2007
Ground area
3,263 m²
Building footprint
1,797 m²
Volume, LiDAR
13,170 m³
Parcel 25084C0518/00H002, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ELECTROFAN
since 20072.159.157.840
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25084C0518/00H002 | Wallonia | 3,263 m² | 1 · 1,797 m² | 8.3 m · 2 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 22,829 companies in sector 43211 we hold annual accounts for 10,334. 8,411 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
Founded02-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0883920913
Also
9925:BE0883920913
Registered
20-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.