ELEKTRICITEIT VANNESTE
ActiveELEKTRICITEIT VANNESTE has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €75k and a net result of €12k. Equity is growing by ~23.5% per year across the filed fiscal years. Its solvency ranks better than 45% of 36376 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability68▼-8
Solvency67▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.82 in 2023; short-term debt: 47.5% and cash: 38.6% of total assets), but 57.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
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 2024Solvency, return and age of the figures
Solvency
42.1%
Return on assets
6.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
14 d late
2022
58 d late
2021
61 d late
2020
11 d late
2019
3 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€75k▲ 18.6%
2023 · €63k
2018: €37k
2019: €29k
2020: €34k
2021: €37k
2022: €54k
2023: €63k
2018 → 2024
Total assets
€178k▲ 22.7%
2023 · €145k
2018: €174k
2019: €174k
2020: €166k
2021: €147k
2022: €155k
2023: €145k
2018 → 2024
Net result
€12k▲ 36.3%
2023 · €9k
2018: €6k
2019: €-8k
2020: €6k
2021: €2k
2022: €18k
2023: €9k
2018 → 2024
Working capital
€57k▼ 11.7%
2023 · €64k
2018: €-210
2019: €-5k
2020: €9k
2021: €18k
2022: €46k
2023: €64k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€34k-€37k▲ 6.3%€54k▲ 48.6%€63k▲ 15.8%€75k▲ 18.6%
Operating result€6k-€2k▼ 66.0%€34k▲ 1,494%€17k▼ 49.9%€20k▲ 19.7%
Net result€6k-€2k▼ 63.6%€18k▲ 722%€9k▼ 51.6%€12k▲ 36.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 20% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €178k
Fixed assets
€36k▲ 1,451%
Current assets
€141k▼ 0.9%
Equity and liabilities €178k
Equity
€75k▲ 18.6%
Debt
€103k▲ 25.9%
The debt ratio rises from 56.4% to 57.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22k▼
2023 · €23k
Cash flow
€14k▼
2023 · €15k
Solvency
42.1%▼
2023 · 43.6%
Current ratio
1.67▼
2023 · 1.82
Quick ratio
1.46▼
2023 · 1.56
Debt / equity
1.37▲
2023 · 1.29
ROE
15.7%▲
2023 · 13.7%
ROA
6.6%▲
2023 · 6.0%
Interest coverage
4.90▼
2023 · 6.28
Debt
€103k▲
2023 · €82k
Debt ≤ 1 year
€84k▲
2023 · €78k
Debt > 1 year
€15k
Income taxes
€6k▲
2023 · €5k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€145k€178k▲
Fixed assets21/28€2k€36k▲
Tangible fixed assets22/27€2k€36k▲
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€27€28k▲
Other tangible fixed assets26-€7k
Financial fixed assets28€100€100=
Current assets29/58€142k€141k▼
Stocks and contracts in progress3€20k€18k▼
Stocks30/36€20k€18k▼
Amounts receivable within one year40/41€30k€54k▲
Trade receivables40€27k€50k▲
Other amounts receivable41€3k€5k▲
Cash at bank and in hand54/58€92k€69k▼
Deferred charges and accrued income490/1€568€338▼
Equity and liabilities
Total equity and liabilities10/49€145k€178k▲
Equity10/15€63k€75k▲
Contributions10/11€19k€19k=
Reserves13€44k€56k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€42k€54k▲
Profit (loss) carried forward14€705€705=
Amounts payable17/49€82k€103k▲
Amounts payable after more than one year17-€15k
Financial debts170/4-€15k
Amounts payable within one year42/48€78k€84k▲
Current portion of amounts payable after more than one year42-€9k
Trade debts44€3k€9k▲
Suppliers440/4€3k€9k▲
Taxes, remuneration and social security45€14k€5k▼
Taxes450/3€14k€5k▼
Other amounts payable47/48€61k€61k▼
Accrued charges and deferred income492/3€4k€3k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€2k▼
Other operating charges640/8€1,000€3k▲
Gross operating margin9900€24k€26k▲
Operating profit (loss)9901€17k€20k▲
Financial income75/76B€257€2k▲
Recurring financial income75€257€2k▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€13k€18k▲
Income taxes67/77€5k€6k▲
Profit (loss) for the period9904€9k€12k▲
Profit (loss) for the period to be appropriated9905€9k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€12k▲
Profit (loss) brought forward from the previous period14P€705€705=
Transfer to equity691/2€9k€12k▲
To other reserves6921€9k€12k▲
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
31-12
Financial
Highest result since 2018net €18k ▲722%
Operating result €34k, net result €18k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
31-12
Financial
Weakest financial yearnet €-8k ▼245%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 7 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Beernem · 1 establishment unit since 2011
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.
Spoorwegstraat 58730 BeernemGround area
786 m²
Building footprint
172 m²
Volume, LiDAR
855 m³
Parcel 31003G0123/00P000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELEKTRICITEIT VANNESTE
since 20112.198.722.160
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31003G0123/00P000 | Flanders | 786 m² | 1 · 172 m² | 7.6 m · 2 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 10,328. 8,798 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded13-04-2011
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43212Electrical installation work in industrial facilities
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.