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ELEKTRO VANDERWEE

Active
Private limited companyfounded 20251 yr activeKlerkenstraat 35, 8920 Langemark-Poelkapelle, BelgiumKBO/BCE: BE 1018.518.608
Summary

The computed 12-month bankruptcy probability of ELEKTRO VANDERWEE is 2.2% (moderate). The 2025 annual accounts show negative equity (-€7,705) and a net result of -€10,705. Its solvency ranks better than 9% of 28374 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability12
Solvency21
Growth-
Track record67
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.91; short-term debt: 23.3% and cash: 1.5% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
-4.1%
Return on assets
-5.7%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
31 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 9 January 2025, ELEKTRO VANDERWEE was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€7,705
Total assets
€186,382
Net result
-€10,705
Working capital
-€3,859

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €186,382
Fixed assets €146,790
Current assets €39,592
Key figures and ratios
2025 value
EBITDA
-€228
Cash flow
-€2,057
Solvency
-4.1%
Current ratio
0.91
Quick ratio
0.41
Debt to equity
-25.19
ROA
-5.7%
Interest coverage
-0.12
Debt
€194,088
Debt ≤ 1 year
€43,451
Debt > 1 year
€147,891

Peer companies

Historical observation

Of the 232 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a small loss
1.7% went bankrupt
2.2% stopped otherwise
96% still going

For this company itself Checked computes a higher bankruptcy probability: 2.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 232 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
Filed annual accounts As filed with the NBB · 2025 · 42 lines
Balance sheet Code2025
Assets
Total assets20/58€186,382
Fixed assets21/28€146,790
Tangible fixed assets22/27€146,790
Land and buildings22€113,614
Plant, machinery and equipment23€2,444
Furniture and vehicles24€30,732
Current assets29/58€39,592
Stocks and contracts in progress3€21,750
Stocks30/36€21,750
Amounts receivable within one year40/41€14,225
Trade receivables40€10,733
Other amounts receivable41€3,492
Cash at bank and in hand54/58€2,822
Deferred charges and accrued income490/1€795
Equity and liabilities
Total equity and liabilities10/49€186,382
Equity10/15-€7,705
Contributions10/11€3,000
Profit (loss) carried forward14-€10,705
Amounts payable17/49€194,088
Amounts payable after more than one year17€147,891
Financial debts170/4€147,891
Amounts payable within one year42/48€43,451
Current portion of amounts payable after more than one year42€25,084
Trade debts44€2,583
Suppliers440/4€2,583
Taxes, remuneration and social security45€920
Taxes450/3€601
Remuneration and social security454/9€318
Other amounts payable47/48€14,864
Accrued charges and deferred income492/3€2,745
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,649
Other operating charges640/8€14,991
Gross operating margin9900€14,763
Operating profit (loss)9901-€8,877
Financial income75/76B€55
Recurring financial income75€55
Financial charges65/66B€1,883
Recurring financial charges65€1,883
Profit (loss) for the period before taxes9903-€10,705
Profit (loss) for the period9904-€10,705
Profit (loss) for the period to be appropriated9905-€10,705
Appropriation of the result
Profit (loss) to be appropriated9906-€10,705

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,649
Other operating charges640/8€14,991
Gross operating margin9900€14,763
Operating profit (loss)9901-€8,877
Financial income75/76B€55
Recurring financial income75€55
Financial charges65/66B€1,883
Recurring financial charges65€1,883
Profit (loss) for the period before taxes9903-€10,705
Profit (loss) for the period9904-€10,705
Profit (loss) for the period to be appropriated9905-€10,705
Line2025
Assets
Total assets20/58€186,382
Fixed assets21/28€146,790
Tangible fixed assets22/27€146,790
Land and buildings22€113,614
Plant, machinery and equipment23€2,444
Furniture and vehicles24€30,732
Current assets29/58€39,592
Stocks and contracts in progress3€21,750
Stocks30/36€21,750
Amounts receivable within one year40/41€14,225
Trade receivables40€10,733
Other amounts receivable41€3,492
Cash at bank and in hand54/58€2,822
Deferred charges and accrued income490/1€795
Equity and liabilities
Total equity and liabilities10/49€186,382
Equity10/15-€7,705
Contributions10/11€3,000
Profit (loss) carried forward14-€10,705
Amounts payable17/49€194,088
Amounts payable after more than one year17€147,891
Financial debts170/4€147,891
Amounts payable within one year42/48€43,451
Current portion of amounts payable after more than one year42€25,084
Trade debts44€2,583
Suppliers440/4€2,583
Taxes, remuneration and social security45€920
Taxes450/3€601
Remuneration and social security454/9€318
Other amounts payable47/48€14,864
Accrued charges and deferred income492/3€2,745
Line2025
Profit (loss) for the period9904-€10,705
+ Depreciation and write-downs630€8,649
Operating cash flow (approximation)-€2,057

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
30-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
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, Langemark-Poelkapelle · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
1,129 m²
Building footprint
184 m²
Volume, LiDAR
1,339 m³
2 parcels, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ELEKTRO VANDERWEE
Roeselarestraat 5, 8610 KortemarkRepair and maintenance of electrical equipment
since 20252.368.767.318
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
32027A0594/00S002 Flanders 911 m² 1 · 71 m² 8.0 m · 2 fl.
33014A1024/00P002 Flanders 218 m² 1 · 113 m² 11.7 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 22,827 companies in sector 43211 we hold annual accounts for 10,338. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded09-01-2025
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
33140Repair and maintenance of electrical equipment
41001General construction of residential buildings
41003General construction of other non-residential buildings
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID 0208:1018518608
Also 9925:BE1018518608
Registered 02-02-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.