ELECTROMATIC
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 3 days after the deadline Filed on 3 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00378225.
Annual accounts 2025 filed on 03-08-2026 at the NBB all 15 filings
Turnover
≈ €710,000
Estimated: probably between €520,000 and €880,000
Total assets
€2.9m▲ 12.2%
2024 · €2.6m
Net result
€30,913▼ 96.6%
2024 · €898,733
Working capital
€570,164▲ 0.4%
2024 · €568,159
In the rankings
#3 company by total assets in Lichtervelde, Construction sector#4 company by equity in Lichtervelde, Construction sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€46,146
▼ 3.5%
2025
20182025
Net result
€30,913
▼ 96.6%
2025
middle half of the sector
20182025
Equity
€1.3m
▲ 2.5%
2025
highest quarter of the sector
20182025
Total assets
€2.9m
▲ 12.2%
2025
highest quarter of the sector
20182025
Debt
€1.6m
▲ 21.0%
2025
20182025
Working capital
€570,164
▲ 0.4%
2025
highest quarter of the sector
20182025
Solvency
43.6%
▼ 4.1pp
2025
middle half of the sector
20182025
Current ratio
1.52
▼ 0.30
2025
middle half of the sector
20182025
Return on assets (ROA)
1.1%
▼ 33.5pp
2025
middle half of the sector
20182025
Staff (FTE)
1
=
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.4m-€0.08m▼ 81.0%€0.3m▲ 350%-€0.02m€0.02m€0.03m▲ 51.5%€0.05m▲ 59.8%€0.05m▼ 3.5%
Net result€0.3m-€0.05m▼ 78.4%€0.2mabove the sector's middle half▲ 343%-€0.04mbelow the sector's middle half€0.02mwithin the sector's middle half€0.005mbelow the sector's middle half▼ 78.3%€0.9mabove the sector's middle half▲ 168×€0.03mwithin the sector's middle half▼ 96.6%
Equity€1.0m-€1.1m▲ 5.4%€1.2mabove the sector's middle half▲ 16.0%€1.2mabove the sector's middle half▼ 3.4%€1.2mabove the sector's middle half▲ 2.1%€0.6mwithin the sector's middle half▼ 51.4%€1.2mabove the sector's middle half▲ 109%€1.3mabove the sector's middle half▲ 2.5%
Total assets€2.0m-€2.2m▲ 11.1%€2.8mabove the sector's middle half▲ 27.2%€2.6mabove the sector's middle half▼ 8.5%€2.4mabove the sector's middle half▼ 5.5%€2.5mabove the sector's middle half▲ 1.0%€2.6mabove the sector's middle half▲ 6.0%€2.9mabove the sector's middle half▲ 12.2%
Debt€1.0m-€1.1m▲ 17.0%€1.6m▲ 37.5%€1.4m▼ 12.4%€1.2m▼ 12.1%€1.9m▲ 53.9%€1.4m▼ 26.9%€1.6m▲ 21.0%
Working capital€0.8m-€0.7m▼ 11.3%€0.9mabove the sector's middle half▲ 18.6%€0.6mabove the sector's middle half▼ 26.8%€0.6mabove the sector's middle half▼ 3.1%-€0.02mbelow the sector's middle half€0.6mabove the sector's middle half€0.6mabove the sector's middle half▲ 0.4%
Solvency50.9%-48.3%▼ 2.6pp44.1%within the sector's middle half▼ 4.2pp46.5%within the sector's middle half▲ 2.4pp50.2%within the sector's middle half▲ 3.7pp24.2%within the sector's middle half▼ 26.1pp47.7%within the sector's middle half▲ 23.5pp43.6%within the sector's middle half▼ 4.1pp
Current ratio3.05-2.50▼ 0.543.19above the sector's middle half▲ 0.692.87above the sector's middle half▼ 0.322.98above the sector's middle half▲ 0.110.98below the sector's middle half▼ 2.001.82within the sector's middle half▲ 0.841.52within the sector's middle half▼ 0.30
Return on assets (ROA)12.7%-2.5%▼ 10.3pp8.6%within the sector's middle half▲ 6.2pp-1.7%below the sector's middle half▼ 10.3pp1.0%below the sector's middle half▲ 2.7pp0.2%below the sector's middle half▼ 0.8pp34.6%above the sector's middle half▲ 34.4pp1.1%within the sector's middle half▼ 33.5pp
Staff (FTE)3.8-3.7▼ 2.6%3.3within the sector's middle half▼ 10.8%2below the sector's middle half▼ 39.4%1.5below the sector's middle half▼ 25.0%1below the sector's middle half▼ 33.3%1below the sector's middle half=1below the sector's middle half=
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 3% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated 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 €2.9m
Fixed assets
€1.2m ▼ 6.6%
Current assets
€1.7m ▲ 32.1%
Equity and liabilities €2.9m
Equity
€1.3m ▲ 2.5%
Debt
€1.6m ▲ 21.0%
Debt's share of the balance-sheet total rises from 52.3% to 56.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€136,582▼
2024 · €137,620
Cash flow
€121,349▼
2024 · €988,536
Quick ratio
1.26▼
2024 · 1.54
Debt to equity
1.29▲
2024 · 1.10
ROE
2.4%▼
2024 · 72.6%
Interest coverage
9.33▲
2024 · 3.95
Debt ≤ 1 year
€1.1m▲
2024 · €691,028
Debt > 1 year
€550,557▼
2024 · €667,402
Income taxes
€14,798▼
2024 · €97,629
Staff costs
€101,457▲
2024 · €98,716
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 | 2 | 1 | 1 | 1 | 1 |
| full-time | 2 | 1 | 1 | 1 | 1 |
| in full-time equivalents | 2 | 1 | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 2 | 1.5 | 1 | 1 | 1 |
| On a permanent contract | 2 | 1 | 1 | 1 | 1 |
| Joined | 0 | 0 | - | - | - |
| Left | 1 | 1 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €1.2m | €1.0m | €892,654 | €798,991 | €667,432 |
| Mortgages, amount registered | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m |
| Carrying value of the mortgaged assets | €1.2m | €1.2m | €1.1m | €1.0m | €956,842 |
| Carrying value of the other pledged assets | €108,746 | €50,846 | €33,934 | €38,054 | €29,189 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €166,694 | €36,373 | €1,242 | €54,625 | €2,500 |
| Financial fixed assets | €500 | - | - | - | - |
| Depreciation and write-downs of the year | €109,960 | €116,307 | €115,830 | €89,803 | €90,436 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 3 entries · €626 awarded · €525 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €99 | €99 |
| 2023 | 1 | €278 | €177 |
| 2022 | 1 | €249 | €249 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €116,556 | €127,222 | €91,698 | €98,716 | €101,457 | ▲ 2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €93,611 | €115,876 | €112,498 | €109,960 | €116,307 | €115,830 | €89,803 | €90,436 | ▲ 0.7% |
| Other operating charges640/8 | - | - | - | €19,415 | €109,698 | €11,606 | €11,538 | €11,532 | ▼ 0.1% |
| Gross operating margin9900 | €761,891 | €399,264 | €693,020 | €221,332 | €372,978 | €249,061 | €247,875 | €249,570 | ▲ 0.7% |
| Operating profit (loss)9901 | €394,538 | €75,023 | €337,399 | -€24,600 | €19,751 | €29,927 | €47,818 | €46,146 | ▼ 3.5% |
| Financial income75/76B | - | - | - | €14,244 | €23,077 | - | €983,374 | €14,196 | ▼ 98.6% |
| Recurring financial income75 | €20,400 | €20,810 | €13,220 | €14,244 | €23,077 | - | €983,374 | €14,196 | ▼ 98.6% |
| Financial charges65/66B | - | - | - | €21,744 | €18,156 | €20,197 | €34,829 | €14,631 | ▼ 58.0% |
| Recurring financial charges65 | €22,638 | €22,911 | €20,312 | €21,744 | €18,156 | €20,197 | €34,829 | €14,631 | ▼ 58.0% |
| Profit (loss) for the period before taxes9903 | €392,300 | €72,922 | €330,307 | -€32,100 | €24,672 | €9,730 | €996,363 | €45,711 | ▼ 95.4% |
| Income taxes67/77 | €139,329 | €18,200 | €88,104 | €10,402 | - | €4,373 | €97,629 | €14,798 | ▼ 84.8% |
| Profit (loss) for the period9904 | €252,971 | €54,721 | €242,203 | -€42,502 | €24,672 | €5,357 | €898,733 | €30,913 | ▼ 96.6% |
| Profit (loss) for the period to be appropriated9905 | €252,971 | €54,721 | €279,703 | -€42,502 | €24,672 | €5,357 | €898,733 | €30,913 | ▼ 96.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.0m | €2.2m | €2.8m | €2.6m | €2.4m | €2.5m | €2.6m | €2.9m | ▲ 12.2% |
| Fixed assets21/28 | €0.7m | €1.0m | €1.5m | €1.6m | €1.5m | €1.4m | €1.3m | €1.2m | ▼ 6.6% |
| Tangible fixed assets22/27 | €0.7m | €0.8m | €1.3m | €1.3m | €1.2m | €1.1m | €1.1m | €1.0m | ▼ 8.1% |
| Land and buildings22 | - | - | - | €1.2m | €1.2m | €1.1m | €1.0m | €1.0m | ▼ 6.4% |
| Plant, machinery and equipment23 | - | - | - | €0.06m | €0.03m | €0.002m | €0.001m | €97 | ▼ 87.3% |
| Furniture and vehicles24 | - | - | - | €0.05m | €0.06m | €0.03m | €0.07m | €0.04m | ▼ 33.3% |
| Financial fixed assets28 | €0.02m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Current assets29/58 | €1.2m | €1.2m | €1.3m | €1.0m | €0.9m | €1.1m | €1.3m | €1.7m | ▲ 32.1% |
| Stocks and contracts in progress3 | €0.09m | - | - | €0.1m | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 46.6% |
| Stocks30/36 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 46.6% |
| Amounts receivable within one year40/41 | €0.7m | €1.2m | €1.0m | €0.7m | €0.7m | €0.3m | €0.4m | €0.6m | ▲ 36.6% |
| Trade receivables40 | - | - | - | €0.4m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 20.8% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.4m | €0.01m | €0.1m | €0.2m | ▲ 81.1% |
| Current investments50/53 | - | - | - | - | - | - | €0.4m | €0.5m | ▲ 24.3% |
| Cash at bank and in hand54/58 | €0.5m | €0.06m | €0.3m | €0.1m | €0.09m | €0.6m | €0.2m | €0.2m | ▲ 22.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.01m | €0.006m | €0.01m | ▲ 75.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.0m | €2.2m | €2.8m | €2.6m | €2.4m | €2.5m | €2.6m | €2.9m | ▲ 12.2% |
| Equity10/15 | €1.0m | €1.1m | €1.2m | €1.2m | €1.2m | €0.6m | €1.2m | €1.3m | ▲ 2.5% |
| Contributions10/11 | €0.01m | €0.01m | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €1.0m | €1.1m | €1.2m | €1.2m | €1.2m | €0.6m | €1.2m | €1.3m | ▲ 2.5% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €1.2m | €1.2m | €0.6m | €1.2m | €1.3m | ▲ 2.5% |
| Profit (loss) carried forward14 | €0.003m | €0.003m | €0.003m | -€0.04m | -€0.01m | -€0.009m | - | - | - |
| Amounts payable17/49 | €1.0m | €1.1m | €1.6m | €1.4m | €1.2m | €1.9m | €1.4m | €1.6m | ▲ 21.0% |
| Amounts payable after more than one year17 | €0.6m | €0.6m | €1.2m | €1.0m | €0.9m | €0.8m | €0.7m | €0.6m | ▼ 17.5% |
| Financial debts170/4 | - | - | - | €1.0m | €0.9m | €0.8m | €0.7m | €0.6m | ▼ 17.5% |
| Amounts payable within one year42/48 | €0.4m | €0.5m | €0.4m | €0.3m | €0.3m | €1.1m | €0.7m | €1.1m | ▲ 58.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 11.2% |
| Trade debts44 | €0.1m | €0.2m | €0.1m | €0.01m | €0.02m | €0.04m | €0.007m | €0.01m | ▲ 91.0% |
| Suppliers440/4 | - | - | - | €0.01m | €0.02m | €0.04m | €0.007m | €0.01m | ▲ 91.0% |
| Advances received on contracts in progress46 | - | - | - | - | - | €0.03m | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.02m | €0.02m | €0.1m | €0.1m | ▲ 42.9% |
| Taxes450/3 | - | - | - | €0.1m | €0.01m | €0.02m | €0.09m | €0.1m | ▲ 14.5% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.01m | €0.007m | €0.01m | €0.04m | ▲ 292% |
| Other amounts payable47/48 | - | - | - | €0.06m | €0.1m | €0.9m | €0.4m | €0.8m | ▲ 81.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €252,971 | €54,721 | €242,203 | -€42,502 | €24,672 | €5,357 | €898,733 | €30,913 | ▼ 96.6% |
| + Depreciation and write-downs630 | €93,611 | €115,876 | €112,498 | €109,960 | €116,307 | €115,830 | €89,803 | €90,436 | ▲ 0.7% |
| Operating cash flow (approximation) | €346,582 | €170,597 | €354,701 | €67,458 | €140,980 | €121,187 | €988,536 | €121,349 | ▼ 87.7% |
| Investment in fixed assets (approximation) | - | -€346,773 | -€664,826 | -€167,194 | -€22,990 | -€1,242 | -€54,625 | -€2,500 | ▲ 95.4% |
| Change in cash | - | -€445,632 | €220,524 | -€146,287 | -€45,472 | €529,450 | -€424,918 | €42,847 | - |
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, 10,904 companies had the same profile as ELECTROMATIC has now. Two years later, 95.1% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.1%
was still going
4.0%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of ELECTROMATIC 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 10,904 companies, not a prediction for ELECTROMATIC. 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 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 03-08-2026 | 2026-00378225 | |
| 31-12-2024 | abbreviated format | 30-08-2025 | 2025-00458011 | |
| 31-12-2023 | abbreviated format | 06-10-2024 | 2024-00495016 | |
| 31-12-2022 | abbreviated format | 07-10-2023 | 2023-00477201 | |
| 31-12-2021 | abbreviated format | 14-10-2022 | 2022-20460443 | |
| 31-12-2020 | abbreviated format | 20-08-2021 | 2021-50900594 | |
| 31-12-2019 | abbreviated format | 28-10-2020 | 2020-63700088 | |
| 31-12-2018 | abbreviated format | 27-09-2019 | 2019-66000566 | |
| 31-12-2017 | abbreviated format | 29-08-2018 | 2018-51700188 | |
| 31-12-2016 | abbreviated format | 24-08-2017 | 2017-45700547 |