ELEKTRO DEVOLDERE
ActiveSummary
ELEKTRO DEVOLDERE has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€4,726) and a net result of -€85,869. Equity is growing by ~72.8% per year across the filed fiscal years. Its solvency ranks better than 22% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-80
Solvency24▼-26
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.16 against 0.93 in 2024; short-term debt: 58.4% and cash: 6.1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
-1.5%
Return on assets
-26.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€4,726
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
27 d late
2023
30 d late
2022
31 d late
2021
30 d late
2020
26 d late
2019
20 d late
← 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 28 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€4,726
2024 · €81,143
Total assets
€324,606▼ 0.2%
2024 · €325,351
Net result
-€85,869
2024 · €29,555
Working capital
€30,729
2024 · -€15,794
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€18,765▼ 30.1%€73,590▲ 292%-€12,233€41,618-€75,884
Net result€12,619within the sector's middle half▼ 31.0%€53,109above the sector's middle half▲ 321%-€13,290below the sector's middle half€29,555above the sector's middle half-€85,869below the sector's middle half
Equity€11,768within the sector's middle half€64,878within the sector's middle half▲ 451%€51,587within the sector's middle half▼ 20.5%€81,143within the sector's middle half▲ 57.3%-€4,726below the sector's middle half
Total assets€345,208above the sector's middle half▼ 1.7%€467,117above the sector's middle half▲ 35.3%€414,926above the sector's middle half▼ 11.2%€325,351within the sector's middle half▼ 21.6%€324,606within the sector's middle half▼ 0.2%
Debt€333,440▼ 5.2%€402,240▲ 20.6%€363,339▼ 9.7%€244,208▼ 32.8%€329,332▲ 34.9%
Working capital-€69,892below the sector's middle half▲ 12.3%-€25,640below the sector's middle half▲ 63.3%-€63,513below the sector's middle half▼ 148%-€15,794below the sector's middle half▲ 75.1%€30,729within the sector's middle half
Solvency3.4%below the sector's middle half▲ 3.7pp13.9%within the sector's middle half▲ 10.5pp12.4%within the sector's middle half▼ 1.5pp24.9%within the sector's middle half▲ 12.5pp-1.5%below the sector's middle half▼ 26.4pp
Current ratio0.71below the sector's middle half▲ 0.030.92within the sector's middle half▲ 0.210.81below the sector's middle half▼ 0.110.93within the sector's middle half▲ 0.121.16within the sector's middle half▲ 0.23
Return on assets (ROA)3.7%within the sector's middle half▼ 1.6pp11.4%within the sector's middle half▲ 7.7pp-3.2%within the sector's middle half▼ 14.6pp9.1%within the sector's middle half▲ 12.3pp-26.5%below the sector's middle half▼ 35.5pp
Staff (FTE)11=1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €75,884 after €41,618 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €324,606
Fixed assets
€104,267 ▼ 15.5%
Current assets
€220,339 ▲ 9.1%
Key figures and ratios
EBITDA
-€52,782▼
2024 · €64,608
Cash flow
-€62,767▼
2024 · €52,546
Quick ratio
0.36▲
2024 · 0.21
Debt to equity
-69.68▼
2024 · 3.01
Interest coverage
-4.86▼
2024 · 7.34
Debt ≤ 1 year
€189,610▼
2024 · €217,686
Debt > 1 year
€139,633▲
2024 · €26,354
Staff costs
€42,741▼
2024 · €46,999
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €500 | €6,788 | - | - | - |
| Remuneration, social security and pensions62 | €35,511 | €42,577 | €45,572 | €46,999 | €42,741 | ▼ 9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,648 | €24,987 | €22,335 | €22,990 | €23,102 | ▲ 0.5% |
| Other operating charges640/8 | €2,832 | €3,014 | €2,972 | €2,756 | €2,963 | ▲ 7.5% |
| Gross operating margin9900 | €82,756 | €144,168 | €58,646 | €114,364 | -€7,079 | ▼ 106% |
| Operating profit (loss)9901 | €18,765 | €73,590 | -€12,233 | €41,618 | -€75,884 | ▼ 282% |
| Financial income75/76B | €4,214 | €4,249 | €6,225 | €5,563 | €879 | ▼ 84.2% |
| Recurring financial income75 | €4,214 | €4,249 | €6,225 | €5,563 | €879 | ▼ 84.2% |
| Financial charges65/66B | €9,752 | €12,061 | €7,205 | €8,802 | €10,864 | ▲ 23.4% |
| Recurring financial charges65 | €9,752 | €12,061 | €7,205 | €8,802 | €10,864 | ▲ 23.4% |
| Profit (loss) for the period before taxes9903 | €13,226 | €65,779 | -€13,213 | €38,378 | -€85,869 | ▼ 324% |
| Income taxes67/77 | €608 | €12,669 | €77 | €8,823 | - | - |
| Profit (loss) for the period9904 | €12,619 | €53,109 | -€13,290 | €29,555 | -€85,869 | ▼ 391% |
| Transfer from tax-exempt reserves789 | €4,594 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €17,213 | €53,109 | -€13,290 | €29,555 | -€85,869 | ▼ 391% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €345,208 | €467,117 | €414,926 | €325,351 | €324,606 | ▼ 0.2% |
| Fixed assets21/28 | €173,821 | €155,163 | €142,768 | €123,459 | €104,267 | ▼ 15.5% |
| Tangible fixed assets22/27 | €172,214 | €153,556 | €141,161 | €120,027 | €100,835 | ▼ 16.0% |
| Land and buildings22 | €112,376 | €103,435 | €94,494 | €85,554 | €76,613 | ▼ 10.5% |
| Plant, machinery and equipment23 | €24,964 | €20,568 | €25,899 | €22,492 | €19,881 | ▼ 11.6% |
| Furniture and vehicles24 | €34,874 | €29,554 | €20,768 | €11,982 | €4,341 | ▼ 63.8% |
| Financial fixed assets28 | €1,607 | €1,607 | €1,607 | €3,432 | €3,432 | = |
| Current assets29/58 | €171,387 | €311,954 | €272,158 | €201,892 | €220,339 | ▲ 9.1% |
| Stocks and contracts in progress3 | €106,769 | €136,495 | €182,159 | €156,798 | €151,974 | ▼ 3.1% |
| Stocks30/36 | €106,769 | €136,495 | €182,159 | €156,798 | €151,974 | ▼ 3.1% |
| Amounts receivable within one year40/41 | €35,031 | €112,263 | €58,707 | €27,021 | €44,086 | ▲ 63.2% |
| Trade receivables40 | €35,031 | €89,829 | €48,466 | €27,021 | €30,360 | ▲ 12.4% |
| Other amounts receivable41 | - | €22,434 | €10,241 | - | €13,726 | - |
| Cash at bank and in hand54/58 | €24,085 | €57,256 | €26,715 | €12,785 | €19,743 | ▲ 54.4% |
| Deferred charges and accrued income490/1 | €5,502 | €5,941 | €4,578 | €5,288 | €4,537 | ▼ 14.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €345,208 | €467,117 | €414,926 | €325,351 | €324,606 | ▼ 0.2% |
| Equity10/15 | €11,768 | €64,878 | €51,587 | €81,143 | -€4,726 | ▼ 106% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €23,849 | €58,680 | €58,680 | €74,945 | €74,945 | = |
| Non-distributable reserves130/1 | €2,849 | €2,849 | €2,849 | €2,849 | €2,849 | = |
| Reserves not available under the articles1311 | €2,849 | €2,849 | €2,849 | €2,849 | €2,849 | = |
| Distributable reserves133 | €21,000 | €55,831 | €55,831 | €72,096 | €72,096 | = |
| Profit (loss) carried forward14 | -€18,278 | - | -€13,290 | - | -€85,869 | - |
| Amounts payable17/49 | €333,440 | €402,240 | €363,339 | €244,208 | €329,332 | ▲ 34.9% |
| Amounts payable after more than one year17 | €92,160 | €64,470 | €27,500 | €26,354 | €139,633 | ▲ 430% |
| Financial debts170/4 | €92,160 | €64,470 | €27,500 | €26,354 | €139,633 | ▲ 430% |
| Amounts payable within one year42/48 | €241,280 | €337,594 | €335,672 | €217,686 | €189,610 | ▼ 12.9% |
| Current portion of amounts payable after more than one year42 | €9,176 | €9,322 | €36,970 | €13,750 | €13,750 | = |
| Financial debts43 | - | €69,179 | €51,879 | €18,979 | - | - |
| Credit institutions430/8 | - | €69,179 | €51,879 | €18,979 | - | - |
| Trade debts44 | €33,777 | €58,517 | €88,994 | €26,991 | €38,058 | ▲ 41.0% |
| Suppliers440/4 | €33,777 | €58,517 | €88,994 | €26,991 | €38,058 | ▲ 41.0% |
| Taxes, remuneration and social security45 | €2,018 | €17,799 | €2,998 | €15,199 | €3,049 | ▼ 79.9% |
| Taxes450/3 | €2,018 | €12,669 | €901 | €13,837 | €802 | ▼ 94.2% |
| Remuneration and social security454/9 | - | €5,130 | €2,097 | €1,362 | €2,248 | ▲ 65.0% |
| Other amounts payable47/48 | €196,308 | €182,776 | €154,831 | €142,767 | €134,752 | ▼ 5.6% |
| Accrued charges and deferred income492/3 | - | €176 | €167 | €168 | €89 | ▼ 47.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,619 | €53,109 | -€13,290 | €29,555 | -€85,869 | ▼ 391% |
| + Depreciation and write-downs630 | €25,648 | €24,987 | €22,335 | €22,990 | €23,102 | ▲ 0.5% |
| Operating cash flow (approximation) | €38,266 | €78,097 | €9,044 | €52,546 | -€62,767 | ▼ 219% |
| Investment in fixed assets (approximation) | - | -€6,330 | -€9,939 | -€3,682 | -€3,910 | ▼ 6.2% |
| Change in cash | - | €33,171 | -€30,541 | -€13,930 | €6,958 | ▲ 150% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€85,869
Net result drops to -€85,869, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €29,555
Net result €29,555 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €53,109 ▲321%
Operating result €73,590, net result €53,109, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
31-12
Financial
Back to profitnet €3,295
Net result €3,295 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Langemark-Poelkapelle · 1 establishment unit since 1999
Ground area
342 m²
Building footprint
337 m²
Volume, LiDAR
2,190 m³
Parcel 33014G0023/00H004, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELEKTRO DEVOLDERE
since 19992.090.096.513
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33014G0023/00H004 | Flanders | 342 m² | 1 · 336 m² | 10.3 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
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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Of 1,513 companies in sector 47540 we hold annual accounts for 806. 632 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
Founded18-12-1998
Fiscal year end31-12
Activities, NACEBEL 2025
47540Retail sale of electrical household appliances
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464781735
Registered
30-06-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.