Electus Corporation
ActiveThe computed 12-month bankruptcy probability of Electus Corporation is 2.5% (moderate). The 2025 annual accounts show negative equity (€-10k) and a net result of €10k. Equity is shrinking by ~79.4% per year across the filed fiscal years. Its solvency ranks better than 9% of 27711 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability47▲+21
Solvency23▲+2
Growth32=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.34 against 0.3 in 2024; short-term debt: 29% and cash: 2.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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
-2.1%
Return on assets
2.1%
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 9% of 27711 sector peers (2025).
NBB · sector comparisonPosition among 27711 sector peers
Solvency
better than 9%
← weakest
strongest →
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 17-07-2026, 14 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
14 d early
2024
13 d early
2023
14 d early
2022
3 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
Equity
€-10k▲ 50.5%
2024 · €-20k
2022: €51k
2023: €32k
2024: €-20k
2022 → 2025
Total assets
€474k▼ 4.2%
2024 · €495k
2022: €174k
2023: €146k
2024: €495k
2022 → 2025
Net result
€10k
2024 · €-52k
2022: €46k
2023: €-19k
2024: €-52k
2022 → 2025
Working capital
€-90k▲ 9.3%
2024 · €-100k
2022: €30k
2023: €18k
2024: €-100k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€51k-€32k▼ 36.9%€-20k€-10k▲ 50.5%
Operating result€60k-€-15k€-33k▼ 120%€27k
Net result€46k-€-19k€-52k▼ 176%€10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €27k after a loss of €33k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €474k
Fixed assets
€427k▼ 5.4%
Current assets
€47k▲ 7.8%
Key figures and ratios
EBITDA
€53k▲
2024 · €46k
Cash flow
€36k▲
2024 · €27k
Solvency
-2.1%▲
2024 · -4.0%
Current ratio
0.34▲
2024 · 0.30
Quick ratio
0.34▲
2024 · 0.30
Debt / equity
-49.75▼
2024 · -26.21
ROA
2.1%▲
2024 · -10.4%
Interest coverage
3.10▲
2024 · 2.49
Debt
€484k▼
2024 · €515k
Debt ≤ 1 year
€137k▼
2024 · €143k
Debt > 1 year
€346k▼
2024 · €371k
Income taxes
€318▲
2024 · €256
Staff costs
€80k▲
2024 · €65k
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€495k€474k▼
Fixed assets21/28€451k€427k▼
Tangible fixed assets22/27€451k€427k▼
Land and buildings22€412k€404k▼
Plant, machinery and equipment23€193€73▼
Furniture and vehicles24€39k€23k▼
Current assets29/58€44k€47k▲
Amounts receivable within one year40/41€39k€29k▼
Trade receivables40€39k€29k▼
Other amounts receivable41€57€147▲
Cash at bank and in hand54/58€10€13k▲
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€495k€474k▼
Equity10/15€-20k€-10k▲
Contributions10/11€5k€5k=
Reserves13€46k€46k=
Distributable reserves133€46k€46k=
Profit (loss) carried forward14€-70k€-60k▲
Amounts payable17/49€515k€484k▼
Amounts payable after more than one year17€371k€346k▼
Financial debts170/4€371k€346k▼
Amounts payable within one year42/48€143k€137k▼
Current portion of amounts payable after more than one year42€24k€25k▲
Financial debts43€13k€18▼
Credit institutions430/8€13k€18▼
Trade debts44€10k€11k▲
Suppliers440/4€10k€11k▲
Taxes, remuneration and social security45€27k€30k▲
Taxes450/3€15k€17k▲
Remuneration and social security454/9€12k€13k▲
Other amounts payable47/48€68k€71k▲
Accrued charges and deferred income492/3€119€114▼
Income statement
Code20242025
Remuneration, social security and pensions62€65k€80k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79k€26k▼
Other operating charges640/8€6k€3k▼
Gross operating margin9900€117k€136k▲
Operating profit (loss)9901€-33k€27k▲
Financial income75/76B€90€20▼
Recurring financial income75€90€20▼
Financial charges65/66B€18k€17k▼
Recurring financial charges65€18k€17k▼
Profit (loss) for the period before taxes9903€-51k€10k▲
Income taxes67/77€256€318▲
Profit (loss) for the period9904€-52k€10k▲
Profit (loss) for the period to be appropriated9905€-52k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-70k€-60k▲
Profit (loss) brought forward from the previous period14P€-19k€-70k▼
The notes to these accounts (9 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-52k
Net result drops to €-52k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Waasmunster · 1 establishment unit since 2021
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.
Grote Baan 2239250 WaasmunsterGround area
636 m²
Building footprint
225 m²
Volume, LiDAR
517 m³
Parcel 42023A0389/00C000, Flanders · tallest building 4.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Electus Corporation
since 20212.318.975.832
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023A0389/00C000 | Flanders | 636 m² | 1 · 225 m² | 4.0 m · 1 fl. |
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. 8,052 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-06-2021
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
43211General electrical installation work
33120Repair and maintenance of machinery
33140Repair and maintenance of electrical equipment
33200Installation of industrial machinery and equipment
62010Computer programming, consultancy and related activities
62020IT consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.