ELEKTRO THYS
ActiveSummary
The computed 12-month bankruptcy probability of ELEKTRO THYS is 1.8% (moderate). The 2025 annual accounts show equity of €210k and a net result of €83k. Equity is growing by ~54.7% per year across the filed fiscal years. Its solvency ranks better than 40% of 27965 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-10
Solvency63▼-37
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 2.09 against 4.06 in 2024; short-term debt: 21% and cash: 41.6% of total assets), but 62.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
37.7%
Return on assets
15%
Age of the figures
9 mo
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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
29 d early
2023
50 d late
2022
on the day
2021
59 d late
2020
21 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€140k
EBIT margin
5.5%
Net result
€83k▲ 111%
2024 · €40k
2020: €27k
2021: €6k▼ -79.1% vs 2020lowest in 6 years
2022: €21k▲ +283% vs 2021
2023: €35k▲ +63.6% vs 2022
2024: €40k▲ +13.0% vs 2023
2025: €83k▲ +111% vs 2024highest in 6 years
2020 → 2025
Working capital
€128k▲ 19.2%
2024 · €107k
2020: €20k
2021: €15k▼ -27.6% vs 2020lowest in 6 years
2022: €38k▲ +162% vs 2021
2023: €73k▲ +92.0% vs 2022
2024: €107k▲ +45.6% vs 2023
2025: €128k▲ +19.2% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€140k-
Equity€34k-€54k▲ 61.2%€88k▲ 61.6%€127k▲ 44.2%€210k▲ 66.0%
2021: €34klowest in 5 years
2022: €54k▲ +61.2% vs 2021
2023: €88k▲ +61.6% vs 2022
2024: €127k▲ +44.2% vs 2023
2025: €210k▲ +66.0% vs 2024highest in 5 years
Operating result€8k-€27k▲ 257%€44k▲ 60.9%€54k▲ 23.5%€118k▲ 116%
2021: €8klowest in 5 years
2022: €27k▲ +257% vs 2021
2023: €44k▲ +60.9% vs 2022
2024: €54k▲ +23.5% vs 2023
2025: €118k▲ +116% vs 2024highest in 5 years
Net result€6k-€21k▲ 283%€35k▲ 63.6%€40k▲ 13.0%€83k▲ 111%
2021: €6klowest in 5 years
2022: €21k▲ +283% vs 2021
2023: €35k▲ +63.6% vs 2022
2024: €40k▲ +13.0% vs 2023
2025: €83k▲ +111% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 116% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €557k
Fixed assets
€312k ▲ 1,212%
Current assets
€245k ▲ 72.4%
Equity and liabilities €557k
Equity
€210k ▲ 66.0%
Debt
€347k ▲ 786%
Debt's share of the balance-sheet total rises from 23.7% to 62.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€134k▲
2024 · €61k
Cash flow
€100k▲
2024 · €47k
Current ratio
2.09▼
2024 · 4.06
Debt to equity
1.65▲
2024 · 0.31
ROE
39.7%▲
2024 · 31.3%
ROA
15.0%▼
2024 · 23.9%
Interest coverage
13.50▲
2024 · -324.49
Debt ≤ 1 year
€117k▲
2024 · €35k
Debt > 1 year
€229k
Income taxes
€24k▲
2024 · €15k
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 · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€166k€557k▲
Fixed assets21/28€24k€312k▲
Tangible fixed assets22/27€24k€312k▲
Land and buildings22-€267k
Plant, machinery and equipment23€21k€23k▲
Furniture and vehicles24€2k€22k▲
Current assets29/58€142k€245k▲
Amounts receivable within one year40/41€24k€7k▼
Trade receivables40€24k€5k▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€118k€232k▲
Deferred charges and accrued income490/1€106€6k▲
Equity and liabilities
Total equity and liabilities10/49€166k€557k▲
Equity10/15€127k€210k▲
Contributions10/11€3k€3k=
Reserves13€124k€207k▲
Distributable reserves133€124k€207k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€39k€347k▲
Amounts payable after more than one year17-€229k
Financial debts170/4-€229k
Amounts payable within one year42/48€35k€117k▲
Current portion of amounts payable after more than one year42-€13k
Trade debts44€28k€77k▲
Suppliers440/4€28k€77k▲
Taxes, remuneration and social security45€5k€27k▲
Taxes450/3€5k€27k▲
Other amounts payable47/48€1k€0▼
Accrued charges and deferred income492/3€4k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€16k▲
Other operating charges640/8€1k€976▼
Gross operating margin9900€63k€135k▲
Operating profit (loss)9901€54k€118k▲
Financial income75/76B€465€142▼
Recurring financial income75€465€142▼
Financial charges65/66B€-189€10k▲
Recurring financial charges65€-189€10k▲
Profit (loss) for the period before taxes9903€55k€108k▲
Income taxes67/77€15k€24k▲
Profit (loss) for the period9904€40k€83k▲
Profit (loss) for the period to be appropriated9905€40k€83k▲
Appropriation of the result
Profit (loss) to be appropriated9906€40k€83k▲
Transfer to equity691/2€39k€83k▲
To other reserves6921€39k€83k▲
Profit to be distributed694/7€833€0▼
Return on contributions (dividend)694€833€0▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €140k | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €129k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €7k | €3k | €7k | €16k | ▲ 131% |
| Other operating charges640/8 | €922 | €607 | €780 | €1k | €976 | ▼ 13.5% |
| Gross operating margin9900 | €17k | €35k | €47k | €63k | €135k | ▲ 116% |
| Operating profit (loss)9901 | €8k | €27k | €44k | €54k | €118k | ▲ 116% |
| Financial income75/76B | €488 | €121 | €1k | €465 | €142 | ▼ 69.5% |
| Recurring financial income75 | €488 | €121 | €1k | €465 | €142 | ▼ 69.5% |
| Financial charges65/66B | €691 | - | - | €-189 | €10k | ▲ 5,338% |
| Recurring financial charges65 | €691 | - | - | €-189 | €10k | ▲ 5,338% |
| Profit (loss) for the period before taxes9903 | €7k | €27k | €45k | €55k | €108k | ▲ 95.8% |
| Income taxes67/77 | €2k | €6k | €10k | €15k | €24k | ▲ 57.3% |
| Profit (loss) for the period9904 | €6k | €21k | €35k | €40k | €83k | ▲ 111% |
| Profit (loss) for the period to be appropriated9905 | €6k | €21k | €35k | €40k | €83k | ▲ 111% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €64k | €75k | €115k | €166k | €557k | ▲ 236% |
| Fixed assets21/28 | €32k | €21k | €14k | €24k | €312k | ▲ 1,212% |
| Tangible fixed assets22/27 | €32k | €21k | €14k | €24k | €312k | ▲ 1,212% |
| Land and buildings22 | - | - | - | - | €267k | - |
| Plant, machinery and equipment23 | €7k | €5k | €14k | €21k | €23k | ▲ 8.0% |
| Furniture and vehicles24 | €5k | - | - | €2k | €22k | ▲ 836% |
| Leasing and similar rights25 | €21k | €16k | - | - | - | - |
| Current assets29/58 | €32k | €55k | €101k | €142k | €245k | ▲ 72.4% |
| Amounts receivable within one year40/41 | €2k | €14k | €26k | €24k | €7k | ▼ 70.4% |
| Trade receivables40 | €2k | €14k | €25k | €24k | €5k | ▼ 78.2% |
| Other amounts receivable41 | - | - | €305 | - | €2k | - |
| Cash at bank and in hand54/58 | €29k | €41k | €75k | €118k | €232k | ▲ 96.6% |
| Deferred charges and accrued income490/1 | - | - | - | €106 | €6k | ▲ 5,619% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €64k | €75k | €115k | €166k | €557k | ▲ 236% |
| Equity10/15 | €34k | €54k | €88k | €127k | €210k | ▲ 66.0% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves13 | €31k | €51k | €85k | €124k | €207k | ▲ 67.6% |
| Distributable reserves133 | €31k | €51k | €85k | €124k | €207k | ▲ 67.6% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €30k | €21k | €28k | €39k | €347k | ▲ 786% |
| Amounts payable after more than one year17 | €10k | €5k | - | - | €229k | - |
| Financial debts170/4 | €10k | €5k | - | - | €229k | - |
| Amounts payable within one year42/48 | €17k | €16k | €28k | €35k | €117k | ▲ 235% |
| Current portion of amounts payable after more than one year42 | €5k | €6k | - | - | €13k | - |
| Trade debts44 | €5k | €5k | €28k | €28k | €77k | ▲ 174% |
| Suppliers440/4 | €5k | €5k | €28k | €28k | €77k | ▲ 174% |
| Taxes, remuneration and social security45 | €7k | €6k | - | €5k | €27k | ▲ 397% |
| Taxes450/3 | €7k | €6k | - | €5k | €27k | ▲ 397% |
| Other amounts payable47/48 | - | - | - | €1k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €3k | - | - | €4k | €1k | ▼ 69.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €21k | €35k | €40k | €83k | ▲ 111% |
| + Depreciation and write-downs630 | €8k | €7k | €3k | €7k | €16k | ▲ 131% |
| Operating cash flow (approximation) | €14k | €29k | €38k | €47k | €100k | ▲ 114% |
| Investment in fixed assets (approximation) | - | €5k | €4k | €-17k | €-305k | ▼ 1,735% |
| Change in cash | - | €12k | €34k | €42k | €114k | ▲ 168% |
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
Highest result since 2020net €83k ▲111%
Operating result €118k, net result €83k, both a record.
31-12
Financial
Equity above €200kEq €210k ▲66%
6 profitable years in a row build equity to €210k.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €127k ▲44.2%
5 profitable years in a row build equity to €127k.
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 50 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
31-12
Financial
Weakest financial yearnet €6k ▼79.1%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Willebroek · 1 establishment unit since 2020
Ground area
360 m²
Building footprint
131 m²
Volume, LiDAR
603 m³
Parcel 12342C0053/00F003, Flanders · tallest building 8.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ELEKTRO THYS
since 20202.299.120.229
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12342C0053/00F003 | Flanders | 360 m² | 1 · 131 m² | 8.9 m · 1 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.
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,198 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
Founded24-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.