ELECTROVA
ActiveSummary
ELECTROVA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of €159,289. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 87% of 1049 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity ample (current ratio 3.98 against 3.23 in 2024; short-term debt: 15% and cash: 5.7% of total assets), and 17.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
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
82.8%
Return on assets
6%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
56 d early
2023
55 d early
2022
46 d early
2021
45 d early
2020
51 d early
2019
57 d early
← 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 52 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#5 company by equity in Oudenaarde, Other services sector#6 company by total assets in Oudenaarde, Other services sector#8 oldest company in Oudenaarde, Other services sector
Equity
€2.2m▲ 7.8%
2024 · €2.0m
Total assets
€2.6m▲ 3.2%
2024 · €2.6m
Net result
€159,289▼ 39.7%
2024 · €264,093
Working capital
€1.2m▲ 16.0%
2024 · €1.0m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€79,488▼ 15.0%€308,888▲ 289%€243,964▼ 21.0%€352,968▲ 44.7%€216,632▼ 38.6%
Net result€40,258▼ 33.7%€222,335▲ 452%€167,481▼ 24.7%€264,093▲ 57.7%€159,289▼ 39.7%
Equity€779,786▲ 2.1%€864,229▲ 10.8%€1.0m▲ 19.4%€2.0m▲ 96.8%€2.2m▲ 7.8%
Total assets€1.2m▲ 2.0%€1.4m▲ 13.0%€1.4m▲ 5.9%€2.6m▲ 78.6%€2.6m▲ 3.2%
Debt€419,460▲ 1.8%€448,292▲ 6.9%€361,234▼ 19.4%€492,444▲ 36.3%€417,605▼ 15.2%
Working capital€525,831▲ 2.6%€663,773▲ 26.2%€779,689▲ 17.5%€1.0m▲ 30.8%€1.2m▲ 16.0%
Staff (FTE)6.5▼ 9.7%5.7▼ 12.3%7▲ 22.8%7.2▲ 2.9%7.8▲ 8.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 39% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€1.1m ▼ 1.8%
Current assets
€1.6m ▲ 6.9%
Equity and liabilities €2.6m
Equity
€2.2m ▲ 7.8%
Provisions
€37,819 ▼ 4.8%
Debt
€417,605 ▼ 15.2%
Debt's share of the balance-sheet total falls from 19.2% to 15.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€271,946▼
2024 · €405,064
Cash flow
€214,604▼
2024 · €316,189
Current ratio
3.98▲
2024 · 3.23
Quick ratio
1.81▲
2024 · 1.73
Debt to equity
0.19▼
2024 · 0.24
ROE
7.3%▼
2024 · 13.0%
ROA
6.0%▼
2024 · 10.3%
Interest coverage
34.70▲
2024 · 31.09
Debt ≤ 1 year
€396,677▼
2024 · €458,074
Debt > 1 year
€20,928▼
2024 · €28,770
Income taxes
€64,157▼
2024 · €94,324
Staff costs
€626,481▲
2024 · €539,687
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €173,887 | - | €6,201 | - | - |
| Remuneration, social security and pensions62 | €352,096 | €332,813 | €471,407 | €539,687 | €626,481 | ▲ 16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,915 | €43,751 | €53,826 | €52,096 | €55,315 | ▲ 6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €22,108 | -€13,573 | €27,083 | - | - |
| Other operating charges640/8 | €5,290 | €5,828 | €3,444 | €3,769 | €3,848 | ▲ 2.1% |
| Gross operating margin9900 | €484,789 | €713,389 | €759,069 | €975,603 | €902,275 | ▼ 7.5% |
| Operating profit (loss)9901 | €79,488 | €308,888 | €243,964 | €352,968 | €216,632 | ▼ 38.6% |
| Financial income75/76B | €6,182 | €7,933 | €10,405 | €16,582 | €12,755 | ▼ 23.1% |
| Recurring financial income75 | €6,182 | €7,933 | €10,405 | €16,582 | €12,755 | ▼ 23.1% |
| Financial charges65/66B | €8,104 | €6,204 | €6,762 | €13,029 | €7,836 | ▼ 39.9% |
| Recurring financial charges65 | €8,104 | €6,204 | €6,762 | €13,029 | €7,836 | ▼ 39.9% |
| Profit (loss) for the period before taxes9903 | €77,566 | €310,617 | €247,607 | €356,521 | €221,550 | ▼ 37.9% |
| Transfer from deferred taxes780 | - | - | €843 | €1,896 | €1,896 | = |
| Transfer to deferred taxes680 | - | €42,454 | - | - | - | - |
| Income taxes67/77 | €37,308 | €45,828 | €80,969 | €94,324 | €64,157 | ▼ 32.0% |
| Profit (loss) for the period9904 | €40,258 | €222,335 | €167,481 | €264,093 | €159,289 | ▼ 39.7% |
| Transfer from tax-exempt reserves789 | €55,242 | - | €2,529 | €5,687 | €5,687 | = |
| Transfer to tax-exempt reserves689 | - | €127,361 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €95,500 | €94,974 | €170,010 | €269,780 | €164,976 | ▼ 38.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.4m | €1.4m | €2.6m | €2.6m | ▲ 3.2% |
| Fixed assets21/28 | €363,883 | €312,070 | €320,429 | €1.1m | €1.1m | ▼ 1.8% |
| Intangible fixed assets21 | €584 | €963 | €580 | €306 | €154 | ▼ 49.7% |
| Tangible fixed assets22/27 | €363,150 | €310,958 | €319,701 | €1.1m | €1.1m | ▼ 1.8% |
| Land and buildings22 | €336,278 | €283,225 | €272,747 | €1.1m | €1.0m | ▼ 3.5% |
| Plant, machinery and equipment23 | €15,193 | €7,869 | €31,748 | €28,250 | €22,940 | ▼ 18.8% |
| Furniture and vehicles24 | €11,679 | €19,865 | €15,206 | €5,565 | €28,735 | ▲ 416% |
| Financial fixed assets28 | €149 | €149 | €149 | €149 | €149 | = |
| Current assets29/58 | €835,362 | €1.0m | €1.1m | €1.5m | €1.6m | ▲ 6.9% |
| Stocks and contracts in progress3 | €261,729 | €311,097 | €538,212 | €686,089 | €861,699 | ▲ 25.6% |
| Stocks30/36 | €195,729 | €253,097 | €492,812 | €635,412 | €611,352 | ▼ 3.8% |
| Contracts in progress37 | €66,000 | €58,000 | €45,400 | €50,678 | €250,347 | ▲ 394% |
| Amounts receivable within one year40/41 | €445,278 | €429,214 | €417,401 | €530,012 | €556,096 | ▲ 4.9% |
| Trade receivables40 | €445,278 | €429,214 | €417,401 | €524,290 | €520,242 | ▼ 0.8% |
| Other amounts receivable41 | - | - | - | €5,722 | €35,854 | ▲ 527% |
| Cash at bank and in hand54/58 | €121,355 | €295,640 | €152,528 | €252,653 | €151,097 | ▼ 40.2% |
| Deferred charges and accrued income490/1 | €7,000 | €6,954 | €5,984 | €9,334 | €11,243 | ▲ 20.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.4m | €1.4m | €2.6m | €2.6m | ▲ 3.2% |
| Equity10/15 | €779,786 | €864,229 | €1.0m | €2.0m | €2.2m | ▲ 7.8% |
| Contributions10/11 | €395,789 | €395,789 | €395,789 | €395,789 | €395,789 | = |
| Revaluation surpluses12 | - | - | - | €771,162 | €771,162 | = |
| Reserves13 | €380,795 | €465,239 | €632,720 | €590,267 | €584,580 | ▼ 1.0% |
| Tax-exempt reserves132 | - | €127,361 | €124,832 | €119,145 | €113,458 | ▼ 4.8% |
| Distributable reserves133 | €380,795 | €337,878 | €507,887 | €471,122 | €471,122 | = |
| Profit (loss) carried forward14 | €3,201 | €3,201 | €3,201 | €272,981 | €437,957 | ▲ 60.4% |
| Provisions and deferred taxes16 | - | €42,454 | €41,611 | €39,715 | €37,819 | ▼ 4.8% |
| Deferred taxes168 | - | €42,454 | €41,611 | €39,715 | €37,819 | ▼ 4.8% |
| Amounts payable17/49 | €419,460 | €448,292 | €361,234 | €492,444 | €417,605 | ▼ 15.2% |
| Amounts payable after more than one year17 | €104,928 | €64,160 | €21,798 | €28,770 | €20,928 | ▼ 27.3% |
| Financial debts170/4 | €104,928 | €64,160 | €21,798 | €28,770 | €20,928 | ▼ 27.3% |
| Amounts payable within one year42/48 | €309,531 | €379,132 | €334,436 | €458,074 | €396,677 | ▼ 13.4% |
| Current portion of amounts payable after more than one year42 | €39,235 | €40,769 | €42,362 | €29,354 | €7,842 | ▼ 73.3% |
| Financial debts43 | - | - | - | €91,753 | - | - |
| Credit institutions430/8 | - | - | - | €91,753 | - | - |
| Trade debts44 | €172,534 | €263,124 | €187,156 | €216,532 | €306,518 | ▲ 41.6% |
| Suppliers440/4 | €172,534 | €263,124 | €187,156 | €216,532 | €306,518 | ▲ 41.6% |
| Taxes, remuneration and social security45 | €73,713 | €74,683 | €104,362 | €84,951 | €82,317 | ▼ 3.1% |
| Taxes450/3 | €44,578 | €33,339 | €65,347 | €17,382 | €23,605 | ▲ 35.8% |
| Remuneration and social security454/9 | €29,136 | €41,345 | €39,014 | €67,569 | €58,712 | ▼ 13.1% |
| Other amounts payable47/48 | €24,049 | €557 | €557 | €35,484 | - | - |
| Accrued charges and deferred income492/3 | €5,000 | €5,000 | €5,000 | €5,600 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,258 | €222,335 | €167,481 | €264,093 | €159,289 | ▼ 39.7% |
| + Depreciation and write-downs630 | €47,915 | €43,751 | €53,826 | €52,096 | €55,315 | ▲ 6.2% |
| Operating cash flow (approximation) | €88,173 | €266,086 | €221,306 | €316,189 | €214,604 | ▼ 32.1% |
| Investment in fixed assets (approximation) | - | €8,063 | -€62,186 | -€815,936 | -€35,822 | ▲ 95.6% |
| Change in cash | - | €174,285 | -€143,112 | €100,124 | -€101,556 | ▼ 201% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €264,093 ▲57.7%
Operating result €352,968, net result €264,093, both a record.
31-12
Financial
Equity above €2mEq €2.0m ▲96.8%
7 profitable years in a row build equity to €2.0m.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1mEq €1.0m ▲19.4%
6 profitable years in a row build equity to €1.0m.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Oudenaarde · 1 establishment unit since 2011
Ground area
3,436 m²
Building footprint
558 m²
Volume, LiDAR
3,747 m³
Parcel 45502A0526/00P000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ELECTROVA
since 20112.196.566.681
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45502A0526/00P000 | Flanders | 3,436 m² | 1 · 558 m² | 7.4 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 199 EUR awarded · 199 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 199 EUR | 199 EUR |
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Of 407 companies in sector 95210 we hold annual accounts for 116. 41 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
Founded06-12-1988
Fiscal year end31-12
Activities, NACEBEL 2025
27110Manufacture of electrical equipment
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
47820Retail sale of motor vehicle parts and accessories
Scores and ratios are computed by Checked and are not a credit decision.