ElectroNet
ActiveThe computed 12-month bankruptcy probability of ElectroNet is 2.2% (moderate). The annual accounts of ElectroNet for fiscal year 2025 show a net loss of 55% of the equity at the start of that year. The 2025 annual accounts show equity of €222k and a net result of €-276k. Equity is growing by ~37.1% per year across the filed fiscal years. Its solvency ranks better than 34% of 27711 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▼-50
Solvency57▼-13
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.48 against 3.41 in 2024; short-term debt: 67.5% and cash: 33.7% of total assets), and 67.5% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.5%
Return on assets
-40.3%
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 23-07-2026, 8 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
8 d early
2024
91 d late
2023
30 d late
2022
28 d late
2021
19 d late
2020
61 d early
2019
76 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€837k
EBIT margin
15.8%
Net result
€-276k
2024 · €346k
2019: €3k
2020: €1k
2021: €-7k
2022: €106k
2023: €28k
2024: €346k
2019 → 2025
Working capital
€221k▼ 71.9%
2024 · €787k
2019: €5k
2020: €9k
2021: €4k
2022: €110k
2023: €150k
2024: €787k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€837k
Equity€7k-€112k▲ 1,571%€152k▲ 35.5%€498k▲ 227%€222k▼ 55.3%
Operating result€-8k-€132k€37k▼ 72.3%€521k▲ 1,321%€72k▼ 86.1%
Net result€-7k-€106k€28k▼ 74.0%€346k▲ 1,158%€-276k
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 86% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €685k
Fixed assets
€1k▼ 22.6%
Current assets
€684k▼ 38.7%
Equity and liabilities €685k
Equity
€222k▼ 55.3%
Debt
€462k▼ 25.1%
The debt ratio rises from 55.3% to 67.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€72k▼
2024 · €522k
Cash flow
€-275k▼
2024 · €347k
Solvency
32.5%▼
2024 · 44.7%
Current ratio
1.48▼
2024 · 3.41
Quick ratio
1.48▼
2024 · 3.41
Debt / equity
2.08▲
2024 · 1.24
ROE
-124.0%▼
2024 · 69.4%
ROA
-40.3%▼
2024 · 31.0%
Interest coverage
436.32▲
2024 · 17.21
Debt
€462k▼
2024 · €617k
Debt ≤ 1 year
€462k▲
2024 · €327k
Income taxes
€348k▲
2024 · €145k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.12M€685k▼
Fixed assets21/28€1k€1k▼
Tangible fixed assets22/27€1k€1k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€1k€1k▼
Current assets29/58€1.11M€684k▼
Amounts receivable within one year40/41€1.07M€453k▼
Trade receivables40€769k€446k▼
Other amounts receivable41€304k€7k▼
Cash at bank and in hand54/58€41k€231k▲
Equity and liabilities
Total equity and liabilities10/49€1.12M€685k▼
Equity10/15€498k€222k▼
Contributions10/11€19k€19k=
Reserves13€480k€346k▼
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€478k€346k▼
Profit (loss) carried forward14-€-142k
Amounts payable17/49€617k€462k▼
Amounts payable within one year42/48€327k€462k▲
Trade debts44€77k€206▼
Suppliers440/4€77k€206▼
Taxes, remuneration and social security45€250k€122k▼
Taxes450/3€250k€120k▼
Remuneration and social security454/9€0€2k▲
Other amounts payable47/48-€340k
Accrued charges and deferred income492/3€290k€0▼
Income statement
Code20242025
Non-recurring operating income76A€621k€0▼
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€674€294▼
Other operating charges640/8€366k€462▼
Gross operating margin9900€888k€73k▼
Operating profit (loss)9901€521k€72k▼
Financial income75/76B€259€343▲
Recurring financial income75€259€343▲
Financial charges65/66B€30k€166▼
Recurring financial charges65€30k€166▼
Profit (loss) for the period before taxes9903€491k€72k▼
Income taxes67/77€145k€348k▲
Profit (loss) for the period9904€346k€-276k▼
Profit (loss) for the period to be appropriated9905€346k€-276k▼
Appropriation of the result
Profit (loss) to be appropriated9906€346k€-276k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2-€134k
Transfer to equity691/2€346k€0▼
To other reserves6921€346k€0▼
The notes to these accounts (6 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-276k ▼180%
Net result drops to €-276k, the lowest in the series.
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 91 days late
2024
31-12
Financial
Highest result since 2019net €346k ▲1158%
Operating result €521k, net result €346k, both a record.
31-12
Financial
Equity above €200kEq €498k ▲227%
3 profitable years in a row build equity to €498k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €150kEq €152k ▲35.5%
2 profitable years in a row build equity to €152k.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Back to profitnet €106k
Net result €106k after one loss-making year.
31-12
Financial
Equity above €100kEq €112k ▲1571%
Equity rises from €7k to €112k.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zaventem · 1 establishment unit since 2018
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.
Hermesstraat 41930 ZaventemGround area
3,951 m²
Parcel 23057C0007/00P000, Flanders. Linked by address, not a title deed.
1 establishment unit
ElectroNet
since 20182.281.286.976
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23057C0007/00P000 | Flanders | 3,951 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.
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,107 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-11-2018
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.