ELEDRICITY
ActiveThe annual accounts of ELEDRICITY for fiscal year 2025 show a net loss of 70% of the equity at the start of that year. The 2025 annual accounts show equity of €4.62M and a net result of €-613k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 89% of 197 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▲+4
Solvency100▲+19
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270k 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 ample (current ratio 5.78 against 0.57 in 2024; short-term debt: 7.3% and cash: 17.1% of total assets), and 9.3% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 26
Relative position
BE, all sectors
reference
Sector 26
lower
← fewer bankruptcies
more bankruptcies →
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
90.7%
Return on assets
-12%
Age of the figures
9 mo
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
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 · 10 filingsDeviation from the deadline
2025
14 d early
2024
14 d early
2023
13 d early
2022
9 d late
2021
69 d early
2020
12 d late
2019
6 d late
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€4.62M▲ 430%
2024 · €871k
2018: €-7k
2019: €15k
2020: €-16k
2021: €385k
2022: €192k
2023: €-34k
2024: €871k
2018 → 2025
Total assets
€5.09M▲ 227%
2024 · €1.55M
2018: €44k
2019: €95k
2020: €167k
2021: €503k
2022: €544k
2023: €705k
2024: €1.55M
2018 → 2025
Net result
€-613k▼ 50.7%
2024 · €-407k
2018: €-31k
2019: €22k
2020: €-37k
2021: €-138k
2022: €-193k
2023: €-226k
2024: €-407k
2018 → 2025
Working capital
€1.76M
2024 · €-167k
2018: €-16k
2019: €-2k
2020: €84k
2021: €188k
2022: €-17k
2023: €60k
2024: €-167k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€385k-€192k▼ 50.2%€-34k€871k€4.62M▲ 430%
Operating result€-136k-€-193k▼ 41.5%€-220k▼ 14.1%€-378k▼ 72.0%€-568k▼ 50.0%
Net result€-138k-€-193k▼ 39.8%€-226k▼ 16.8%€-407k▼ 80.1%€-613k▼ 50.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €568k in 2025 against €378k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.09M
Fixed assets
€2.96M▲ 122%
Current assets
€2.13M▲ 847%
Equity and liabilities €5.09M
Equity
€4.62M▲ 430%
Debt
€472k▼ 30.9%
The debt ratio falls from 44.0% to 9.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-247k▲
2024 · €-255k
Cash flow
€-292k▼
2024 · €-284k
Solvency
90.7%▲
2024 · 56.0%
Current ratio
5.78▲
2024 · 0.57
Quick ratio
4.84▲
2024 · 0.25
Debt / equity
0.10▼
2024 · 0.78
ROE
-13.3%▲
2024 · -46.7%
ROA
-12.0%▲
2024 · -26.2%
Interest coverage
-5.12▲
2024 · -9.16
Debt
€472k▼
2024 · €683k
Debt ≤ 1 year
€369k▼
2024 · €392k
Debt > 1 year
€103k▼
2024 · €292k
Income taxes
€645▲
2024 · €510
Staff costs
€520k▲
2024 · €255k
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€1.55M€5.09M▲
Fixed assets21/28€1.33M€2.96M▲
Intangible fixed assets21€1.31M€2.93M▲
Tangible fixed assets22/27€15k€26k▲
Plant, machinery and equipment23€15k€26k▲
Financial fixed assets28€2k€2k=
Current assets29/58€225k€2.13M▲
Stocks and contracts in progress3€127k€345k▲
Stocks30/36€127k€345k▲
Amounts receivable within one year40/41€81k€916k▲
Trade receivables40€9k€610▼
Other amounts receivable41€73k€915k▲
Cash at bank and in hand54/58€17k€872k▲
Equity and liabilities
Total equity and liabilities10/49€1.55M€5.09M▲
Equity10/15€871k€4.62M▲
Contributions10/11€1.87M€6.23M▲
Reserves13€13k€13k=
Distributable reserves133€13k€13k=
Profit (loss) carried forward14€-1.01M€-1.63M▼
Amounts payable17/49€683k€472k▼
Amounts payable after more than one year17€292k€103k▼
Financial debts170/4€292k€103k▼
Amounts payable within one year42/48€392k€369k▼
Current portion of amounts payable after more than one year42€9k€9k=
Trade debts44€317k€299k▼
Suppliers440/4€317k€299k▼
Taxes, remuneration and social security45€52k€59k▲
Taxes450/3€672€3k▲
Remuneration and social security454/9€51k€56k▲
Other amounts payable47/48€13k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€255k€520k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€123k€320k▲
Other operating charges640/8€3k€4k▲
Non-recurring operating charges66A€363€565▲
Gross operating margin9900€3k€278k▲
Operating profit (loss)9901€-378k€-568k▼
Financial income75/76B-€4k
Recurring financial income75-€4k
Financial charges65/66B€28k€48k▲
Recurring financial charges65€28k€48k▲
Profit (loss) for the period before taxes9903€-406k€-612k▼
Income taxes67/77€510€645▲
Profit (loss) for the period9904€-407k€-613k▼
Profit (loss) for the period to be appropriated9905€-407k€-613k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.01M€-1.63M▼
Profit (loss) brought forward from the previous period14P€-606k€-1.01M▼
The notes to these accounts (11 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
Weakest financial yearnet €-613k
Net result drops to €-613k, the lowest in the series.
31-12
Financial
Liquidity times 10current ratio 5.78
Current ratio from 0.57 to 5.78; short-term debt falls from €392k to €369k.
31-12
Financial
Equity above €2MEq €4.62M ▲430%
Equity rises from €871k to €4.62M.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €500kEq €871k
Equity rises from €-34k to €871k.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €385k
Equity rises from €-16k to €385k.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 2.44
Current ratio from 0.97 to 2.44.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
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.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
02-12-2025
DEKLERCK, Xavier Martin Yves: Resigned as Director
08-07-2025
DEKLERCK, Xavier: Resigned as Director
01-03-2023
Mieke Flour: Resigned as Director
29-12-2021
MATTHIJS, Paul Jozef August: Resigned as Director
29-12-2021
MOORTGAT, Bernadette Marie Joseph Louise Roberte: Resigned as Director
20-09-2021
BRUYNEEL, Peter Frank: Resigned as Director
23-04-2021
Kilian-Duncan Verstraeten: Resigned as Director
Location & real-estate footprint
Registered office, Merelbeke-Melle · 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.
Hundelgemsesteenweg 446A9820 Merelbeke-MelleGround area
651 m²
Building footprint
593 m²
Volume, LiDAR
3,020 m³
Parcel 44043A0613/00X000, Flanders · tallest building 10.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Eledricity bv
since 20212.325.329.332
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0613/00X000 | Flanders | 651 m² | 1 · 593 m² | 10.5 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.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Public money · subsidies and aid
Flemish government
2022 to 2025 · 11 entries · 232,189 EUR awarded · 220,470 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 5,960 EUR | 27,119 EUR |
| 2024 | 3 | 7,482 EUR | 72,482 EUR |
| 2023 | 3 | 167,997 EUR | 95,119 EUR |
| 2022 | 2 | 50,750 EUR | 25,750 EUR |
Schemes
Ontwikkelingsproject
O&O-haalbaarheidsstudie
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 48 companies in sector 26600 we hold annual accounts for 28. 16 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-03-2015
Fiscal year end31-12
Activities, NACEBEL
26600Manufacture of computer, electronic and optical products
27402Manufacture of electrical equipment
32500Manufacture of medical and dental instruments and supplies
33130Repair, maintenance and installation of machinery and equipment
46474Wholesale trade
62010Computer programming, consultancy and related activities
62100Computer programming
70200Business and other management consultancy
70220Business consulting
73200Market research and public opinion polling
77225Rental and leasing activities
85599Other education
90021Arts creation and performing arts activities
90393Specialised image, lighting and sound technical services
90391Promotion and organisation of arts and performing arts events
Sources
Crossroads Bank for EnterprisesNational Bank · 10 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.
Contact details
1 entryE-mail:duncan@duncanverstraeten.net