Electrosan
ActiveElectrosan has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €644k and a net result of €168k. Equity is growing by ~20% per year across the filed fiscal years. Its solvency ranks better than 55% of 67 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2026
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability87▲+17
Solvency81▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 2.32 against 1.67 in 2025; short-term debt: 20.5% and cash: 26.3% of total assets), and 44% 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
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 2026Solvency, return and age of the figures
Solvency
56%
Return on assets
14.6%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 03-07-2026, 120 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
120 d early
2025
28 d late
2024
29 d late
2023
27 d late
2022
16 d late
2021
3 d late
2020
27 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, abbreviated schema
Equity
€644k▲ 6.7%
2025 · €603k
2019: €58k
2020: €118k
2021: €197k
2022: €281k
2023: €603k
2024: €648k
2025: €603k
2019 → 2026
Total assets
€1.15M▼ 2.8%
2025 · €1.18M
2019: €605k
2020: €674k
2021: €689k
2022: €967k
2023: €1.40M
2024: €1.14M
2025: €1.18M
2019 → 2026
Net result
€168k▲ 1,816%
2025 · €9k
2019: €7k
2020: €60k
2021: €79k
2022: €84k
2023: €323k
2024: €44k
2025: €9k
2019 → 2026
Working capital
€311k▲ 103%
2025 · €153k
2019: €-19k
2020: €30k
2021: €92k
2022: €138k
2023: €169k
2024: €187k
2025: €153k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€281k-€603k▲ 115%€648k▲ 7.4%€603k▼ 6.9%€644k▲ 6.7%
Operating result€129k-€352k▲ 173%€81k▼ 77.1%€28k▼ 65.3%€265k▲ 845%
Net result€84k-€323k▲ 285%€44k▼ 86.3%€9k▼ 80.2%€168k▲ 1,816%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2026; 2026 is 845% above 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.15M
Fixed assets
€602k▼ 24.9%
Current assets
€546k▲ 43.8%
Equity and liabilities €1.15M
Equity
€644k▲ 6.7%
Provisions
€45k
Debt
€460k▼ 20.6%
The debt ratio falls from 49.0% to 40.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€354k▲
2025 · €142k
Cash flow
€258k▲
2025 · €123k
Solvency
56.0%▲
2025 · 51.0%
Current ratio
2.32▲
2025 · 1.67
Quick ratio
1.97▲
2025 · 1.06
Debt / equity
0.71▼
2025 · 0.96
ROE
26.1%▲
2025 · 1.5%
ROA
14.6%▲
2025 · 0.7%
Interest coverage
19.99▲
2025 · 15.80
Debt
€460k▼
2025 · €579k
Debt ≤ 1 year
€236k▲
2025 · €227k
Debt > 1 year
€224k▼
2025 · €352k
Income taxes
€84k▲
2025 · €10k
Staff costs
€69k▲
2025 · €43k
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€1.18M€1.15M▼
Fixed assets21/28€802k€602k▼
Tangible fixed assets22/27€802k€602k▼
Land and buildings22€699k€534k▼
Plant, machinery and equipment23€9k€9k▼
Furniture and vehicles24€93k€60k▼
Current assets29/58€380k€546k▲
Stocks and contracts in progress3€140k€81k▼
Stocks30/36€140k€48k▼
Contracts in progress37-€33k
Amounts receivable within one year40/41€95k€164k▲
Trade receivables40€53k€123k▲
Other amounts receivable41€42k€41k▼
Cash at bank and in hand54/58€134k€302k▲
Deferred charges and accrued income490/1€11k€0▼
Equity and liabilities
Total equity and liabilities10/49€1.18M€1.15M▼
Equity10/15€603k€644k▲
Contributions10/11€19k€19k=
Reserves13€585k€625k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€196k€135k▼
Distributable reserves133€387k€488k▲
Profit (loss) carried forward14-€0
Provisions and deferred taxes16-€45k
Deferred taxes168-€45k
Amounts payable17/49€579k€460k▼
Amounts payable after more than one year17€352k€224k▼
Financial debts170/4€352k€224k▼
Amounts payable within one year42/48€227k€236k▲
Current portion of amounts payable after more than one year42€81k€58k▼
Financial debts43-€8k
Other loans439-€8k
Trade debts44€84k€22k▼
Suppliers440/4€84k€22k▼
Advances received on contracts in progress46-€5k
Taxes, remuneration and social security45€6k€64k▲
Taxes450/3€4k€62k▲
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€55k€79k▲
Income statement
Code20252026
Non-recurring operating income76A-€89k
Remuneration, social security and pensions62€43k€69k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114k€90k▼
Other operating charges640/8-€9k
Gross operating margin9900€184k€432k▲
Operating profit (loss)9901€28k€265k▲
Financial income75/76B€61€1k▲
Recurring financial income75€61€1k▲
Financial charges65/66B€9k€18k▲
Recurring financial charges65€9k€18k▲
Profit (loss) for the period before taxes9903€19k€248k▲
Transfer from deferred taxes780-€4k
Income taxes67/77€10k€84k▲
Profit (loss) for the period9904€9k€168k▲
Transfer from tax-exempt reserves789€16k€12k▼
Profit (loss) for the period to be appropriated9905€24k€180k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€180k▲
Transfer from equity791/2€53k€79k▲
Transfer to equity691/2€24k€180k▲
To other reserves6921€24k€180k▲
Profit to be distributed694/7€53k€79k▲
Return on contributions (dividend)694€53k€79k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (16 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 2027, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2024
29-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
31-03
Financial
Highest result since 2019net €323k ▲285%
Operating result €352k, net result €323k, both a record.
31-03
Financial
Equity above €500kEq €603k ▲115%
5 profitable years in a row build equity to €603k.
2022
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 16 days late
31-03
Financial
Equity above €200kEq €281k ▲42.6%
4 profitable years in a row build equity to €281k.
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
31-03
Financial
Equity above €150kEq €197k ▲66.4%
3 profitable years in a row build equity to €197k.
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
31-03
Financial
Equity above €100kEq €118k ▲105%
2 profitable years in a row build equity to €118k.
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
17-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Veurne · 1 establishment unit since 2004
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.
Brugse Steenweg 2188630 VeurneGround area
4,207 m²
Building footprint
1,478 m²
Volume, LiDAR
4,555 m³
Parcel 38025C0228/00Y000, Flanders · tallest building 24.4 m. Linked by address, not a title deed.
1 establishment unit
Electrosan
since 20042.137.217.727
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38025C0228/00Y000 | Flanders | 4,207 m² | 1 · 1,478 m² | 24.4 m |
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.
Similar companies · same sector, comparable size
VELEKTRO
BE 0888.237.116
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VANDOCK
BE 0886.430.639
Kortrijk · Eq €643k
GLOBAL CONCEPT SECURITY
BE 0643.591.238
Braine-le-Château · Eq €644k
Greenson
BE 0820.245.460
Merelbeke-Melle · Eq €644k
ELECTRO SMETS
BE 0474.039.889
Kasterlee · Eq €642k
Of 22,822 companies in sector 43211 we hold annual accounts for 10,327. 5,855 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-05-2004
Fiscal year end31-03
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.