Elektro Van Assche
ActiveElektro Van Assche has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.18M and a net result of €277k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 92% of 10345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €360k at 30 days acceptable
Liquidity ample (current ratio 6.45 against 6.43 in 2024; short-term debt: 14.3% and cash: 27.3% of total assets), and 14.9% 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
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
Sector 47
higher
← 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
85.1%
Return on assets
5.6%
Age of the figures
19 mo
neutral · Filed after the deadline
The financial year that closed on 28-02-2025 was due by 30-09-2025 and was filed on 14-11-2025, 45 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
45 d late
2024
84 d late
2023
67 d late
2022
46 d late
2021
56 d late
2020
61 d late
2019
9 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, abbreviated schema
Equity
€4.18M▲ 5.7%
2024 · €3.96M
2019: €3.76M
2020: €3.46M
2021: €3.52M
2022: €3.73M
2023: €3.85M
2024: €3.96M
2019 → 2025
Total assets
€4.92M▲ 6.5%
2024 · €4.62M
2019: €4.14M
2020: €4.01M
2021: €4.31M
2022: €4.33M
2023: €4.52M
2024: €4.62M
2019 → 2025
Net result
€277k▲ 167%
2024 · €104k
2019: €-168k
2020: €-303k
2021: €58k
2022: €210k
2023: €126k
2024: €104k
2019 → 2025
Working capital
€3.84M▲ 8.5%
2024 · €3.54M
2019: €3.31M
2020: €2.96M
2021: €3.01M
2022: €3.28M
2023: €3.40M
2024: €3.54M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.52M-€3.73M▲ 6.0%€3.85M▲ 3.4%€3.96M▲ 2.7%€4.18M▲ 5.7%
Operating result€30k-€180k▲ 492%€78k▼ 56.4%€58k▼ 26.5%€223k▲ 287%
Net result€58k-€210k▲ 264%€126k▼ 39.7%€104k▼ 17.8%€277k▲ 167%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 287% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.92M
Fixed assets
€369k▼ 13.3%
Current assets
€4.55M▲ 8.5%
Equity and liabilities €4.92M
Equity
€4.18M▲ 5.7%
Debt
€733k▲ 10.9%
The debt ratio rises from 14.3% to 14.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€346k▲
2024 · €169k
Cash flow
€400k▲
2024 · €215k
Solvency
85.1%▼
2024 · 85.7%
Current ratio
6.45▲
2024 · 6.43
Quick ratio
3.07▲
2024 · 2.83
Debt / equity
0.18▲
2024 · 0.17
ROE
6.6%▲
2024 · 2.6%
ROA
5.6%▲
2024 · 2.3%
Interest coverage
26.46▲
2024 · 12.79
Debt
€733k▲
2024 · €660k
Debt ≤ 1 year
€705k▲
2024 · €652k
Debt > 1 year
€28k▲
2024 · €9k
Income taxes
€27k▲
2024 · €0
Staff costs
€943k▼
2024 · €995k
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€4.62M€4.92M▲
Fixed assets21/28€426k€369k▼
Intangible fixed assets21€32k€22k▼
Tangible fixed assets22/27€394k€347k▼
Land and buildings22€264k€209k▼
Plant, machinery and equipment23€32k€26k▼
Furniture and vehicles24€66k€49k▼
Leasing and similar rights25€32k€63k▲
Current assets29/58€4.19M€4.55M▲
Stocks and contracts in progress3€2.35M€2.38M▲
Stocks30/36€2.35M€2.38M▲
Amounts receivable within one year40/41€402k€403k▲
Trade receivables40€399k€403k▲
Other amounts receivable41€3k€162▼
Current investments50/53€407k€374k▼
Cash at bank and in hand54/58€982k€1.34M▲
Deferred charges and accrued income490/1€55k€43k▼
Equity and liabilities
Total equity and liabilities10/49€4.62M€4.92M▲
Equity10/15€3.96M€4.18M▲
Contributions10/11€200k€200k=
Capital10€200k€200k=
Issued capital100€200k€200k=
Reserves13€3.76M€3.98M▲
Non-distributable reserves130/1€20k€20k=
Legal reserve130€20k€20k=
Distributable reserves133€3.74M€3.96M▲
Profit (loss) carried forward14-€0
Amounts payable17/49€660k€733k▲
Amounts payable after more than one year17€9k€28k▲
Financial debts170/4€9k€28k▲
Amounts payable within one year42/48€652k€705k▲
Current portion of amounts payable after more than one year42€8k€20k▲
Trade debts44€403k€337k▼
Suppliers440/4€403k€337k▼
Advances received on contracts in progress46€39k€64k▲
Taxes, remuneration and social security45€201k€234k▲
Taxes450/3€54k€81k▲
Remuneration and social security454/9€147k€152k▲
Other amounts payable47/48-€50k
Income statement
Code20242025
Remuneration, social security and pensions62€995k€943k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€111k€123k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€647€0▼
Other operating charges640/8€10k€6k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€1.17M€1.29M▲
Operating profit (loss)9901€58k€223k▲
Financial income75/76B€60k€94k▲
Recurring financial income75€60k€94k▲
Financial charges65/66B€13k€13k▼
Recurring financial charges65€13k€13k▼
Profit (loss) for the period before taxes9903€104k€304k▲
Income taxes67/77€0€27k▲
Profit (loss) for the period9904€104k€277k▲
Profit (loss) for the period to be appropriated9905€104k€277k▲
Appropriation of the result
Profit (loss) to be appropriated9906€104k€277k▲
Transfer to equity691/2€104k€227k▲
To other reserves6921€104k€227k▲
Profit to be distributed694/7-€50k
Directors or managers695-€50k
Social balance
Average headcount (FTE)908717.215.5▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 45 days late
28-02
Financial
Highest result since 2019net €277k ▲167%
Operating result €223k, net result €277k, both a record.
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 84 days late
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 67 days late
2022
15-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 46 days late
2021
25-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 56 days late
28-02
Financial
Back to profitnet €58k
Net result €58k after 2 loss-making years.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
29-02
Financial
Weakest financial yearnet €-303k
Net result drops to €-303k, the lowest in the series; recovery starts the following year.
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 9 days late
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 60 days late
2017
17-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 48 days late
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kruisem · 1 establishment unit since 1974
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.
Kruishoutemsesteenweg 2429750 KruisemGround area
443 m²
Building footprint
13 m²
Volume, LiDAR
62 m³
Parcel 45015D0450/00D002, Flanders · tallest building 5.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Kruishoutemsesteenweg 242, 9750 Kruisem
since 19742.009.062.614
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45015D0450/00D002 | Flanders | 443 m² | 1 · 13 m² | 5.1 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 3,663 EUR awarded · 3,663 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 3,348 EUR | 3,348 EUR |
| 2022 | 1 | 315 EUR | 315 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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Of 1,510 companies in sector 47540 we hold annual accounts for 805. 233 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-12-1973
Fiscal year end28-02
Activities, NACEBEL
47540Retail sale of electrical household appliances
52450
43211General electrical installation work
45310
47120Other non-specialised retail sale
47551Retail sale of household furniture
47591Retail trade
47910Retail trade
52441
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.