ELEKTRO ANDRE GEVAERT
ActiveSummary
ELEKTRO ANDRE GEVAERT has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €352k and a net result of €-238k. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 15% of 7445 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability6▼-76
Solvency40▼-18
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days only on tighter terms
Liquidity short (current ratio 0.85 against 1.34 in 2023; short-term debt: 61.5% and cash: 8.7% of total assets), and 84.6% 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
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
15.4%
Return on assets
-10.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 7445 sector peers (2024).
NBB · sector comparisonPosition among 7445 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
55 d early
2022
47 d early
2021
58 d early
2020
51 d early
2019
49 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€352k▼ 40.3%
2023 · €590k
2018: €214k
2019: €236k
2020: €268k
2021: €266k
2022: €397k
2023: €590k
2018 → 2024
Total assets
€2.28M▲ 27.6%
2023 · €1.79M
2018: €818k
2019: €657k
2020: €1.33M
2021: €1.44M
2022: €1.75M
2023: €1.79M
2018 → 2024
Net result
€-238k
2023 · €193k
2018: €17k
2019: €23k
2020: €32k
2021: €-2k
2022: €131k
2023: €193k
2018 → 2024
Working capital
€-214k
2023 · €405k
2018: €182k
2019: €198k
2020: €161k
2021: €89k
2022: €223k
2023: €405k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€268k-€266k▼ 0.9%€397k▲ 49.4%€590k▲ 48.7%€352k▼ 40.3%
Operating result€47k-€-598€180k€234k▲ 29.9%€-253k
Net result€32k-€-2k€131k€193k▲ 47.3%€-238k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €253k after €234k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.28M
Fixed assets
€1.09M ▲ 489%
Current assets
€1.19M ▼ 25.8%
Equity and liabilities €2.28M
Equity
€352k ▼ 40.3%
Debt
€1.93M ▲ 61.0%
Debt's share of the balance-sheet total rises from 67.0% to 84.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-113k▼
2023 · €300k
Cash flow
€-98k▼
2023 · €259k
Current ratio
0.85▼
2023 · 1.34
Quick ratio
0.73▼
2023 · 1.10
Debt to equity
5.47▲
2023 · 2.03
ROE
-67.6%▼
2023 · 32.7%
ROA
-10.4%▼
2023 · 10.8%
Interest coverage
-5.28▼
2023 · 425.67
Debt ≤ 1 year
€1.40M▲
2023 · €1.20M
Debt > 1 year
€525k
Income taxes
€13k▼
2023 · €70k
Staff costs
€2.15M▲
2023 · €1.95M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.79M€2.28M▲
Fixed assets21/28€185k€1.09M▲
Tangible fixed assets22/27€184k€1.06M▲
Land and buildings22€7k€18k▲
Plant, machinery and equipment23€25k€58k▲
Furniture and vehicles24€152k€203k▲
Other tangible fixed assets26-€785k
Financial fixed assets28€2k€27k▲
Current assets29/58€1.60M€1.19M▼
Stocks and contracts in progress3€286k€164k▼
Stocks30/36€286k€164k▼
Amounts receivable within one year40/41€901k€825k▼
Trade receivables40€830k€733k▼
Other amounts receivable41€71k€92k▲
Cash at bank and in hand54/58€415k€199k▼
Equity and liabilities
Total equity and liabilities10/49€1.79M€2.28M▲
Equity10/15€590k€352k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€154k€154k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€60k€60k=
Distributable reserves133€88k€88k=
Profit (loss) carried forward14€375k€137k▼
Amounts payable17/49€1.20M€1.93M▲
Amounts payable after more than one year17-€525k
Financial debts170/4-€525k
Amounts payable within one year42/48€1.20M€1.40M▲
Current portion of amounts payable after more than one year42-€140k
Financial debts43-€728
Credit institutions430/8-€728
Trade debts44€940k€994k▲
Suppliers440/4€940k€994k▲
Taxes, remuneration and social security45€257k€268k▲
Taxes450/3€63k€46k▼
Remuneration and social security454/9€194k€222k▲
Income statement
Code20232024
Remuneration, social security and pensions62€1.95M€2.15M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€140k▲
Other operating charges640/8€6k€7k▲
Gross operating margin9900€2.25M€2.04M▼
Operating profit (loss)9901€234k€-253k▼
Financial income75/76B€31k€50k▲
Recurring financial income75€31k€50k▲
Financial charges65/66B€704€21k▲
Recurring financial charges65€704€21k▲
Profit (loss) for the period before taxes9903€263k€-225k▼
Income taxes67/77€70k€13k▼
Profit (loss) for the period9904€193k€-238k▼
Profit (loss) for the period to be appropriated9905€193k€-238k▼
Appropriation of the result
Profit (loss) to be appropriated9906€375k€137k▼
Profit (loss) brought forward from the previous period14P€182k€375k▲
Social balance
Average headcount (FTE)908730.831.3▲
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
2026
18-09
State Gazette act
Resignation: Christian Corijn (director)Appointment: Filip De Bruyne (director) · Reappointment: BMS&C° (statutory auditor)3 facts ▸
State Gazette act
Resignation: Christian Corijn (director)
Appointment: Filip De Bruyne (director) · Reappointment: BMS&C° (statutory auditor)3 facts ▸
- Director resignation, Christian Corijn (director)
- Director appointment, Filip De Bruyne (director)
- Auditor reappointment, BMS&C° (statutory auditor)
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-238k ▼223%
Net result drops to €-238k, the lowest in the series.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €193k ▲47.3%
Operating result €234k, net result €193k, both a record.
31-12
Financial
Equity above €500kEq €590k ▲48.7%
2 profitable years in a row build equity to €590k.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €131k
Net result €131k after one loss-making year.
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Filip De Bruyne
CurrentDirector · since 01-06-2026
18-09-2026
Christian Corijn: Resigned as Director
01-06-2026
Filip De Bruyne: Appointed as Director
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 1986
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.
Ovenhoek 248800 RoeselareGround area
6,973 m²
Building footprint
3,265 m²
Volume, LiDAR
1,116 m³
2 parcels, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ELEKTRO ANDRE GEVAERT BVBA
since 19862.037.230.226
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36504D1334/00A000 | Flanders | 5,695 m² | 1 · 3,103 m² | 2.2 m |
| 36502B0643/00V003 | Flanders | 1,278 m² | 1 · 163 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| BMS & C°Current Statutory auditor · represented by Paul Moreau | 18-09-2026 → present |
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 49,893 EUR awarded · 49,893 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 19,156 EUR | 19,156 EUR |
| 2024 | 4 | 12,068 EUR | 12,068 EUR |
| 2023 | 1 | 8,364 EUR | 8,364 EUR |
| 2022 | 2 | 10,305 EUR | 10,305 EUR |
Schemes
Individueel Maatwerk
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Premie kwalificerend werkplekleren
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Show 1 more
Stagebonus (stopgezet)
Recognitions · licences · registrations
Recognised contractor
10 categoriesELEKTRO ANDRE GEVAERT NV16686
Dual-learning approval
5 live approvals · 1 endedElektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
Installateur elektrotechnische basiscomponenten duaal (so)
Show 1 ended approval
Installateur gebouwenautomatisering duaal (so)
Similar companies · same sector, comparable size
C.B.T.
BE 0840.610.017
Beringen · Eq €352,284
ARTEC
BE 0429.555.392
Etterbeek · Eq €352,533
R&R CLERKX
BE 0676.741.581
Dilsen-Stokkem · Eq €352,641
ELECTRICAL INSTALLATIONWORKS VERSTRAETE
BE 0466.979.279
Deinze · Eq €352,757
BOUCLIER
BE 0417.648.643
Asse · Eq €351,398
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 7,280 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-04-1986
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
42220Construction of utility projects for electricity and telecommunications
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.