ELEKTROFLOW
ActiveSummary
The computed 12-month bankruptcy probability of ELEKTROFLOW is 1.9% (moderate). The 2025 annual accounts show equity of €166,154 and a net result of €21,097. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 26% of 28184 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability67▲+51
Solvency50▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.02 in 2024; short-term debt: 11.5% and cash: 4.6% of total assets), and 75.2% of the assets are financed with debt.
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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
24.8%
Return on assets
3.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-09-2025, 151 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
151 d early
2024
14 d early
2023
on the day
2022
22 d early
2021
33 d early
2020
46 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 44 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€166,154▲ 14.5%
2024 · €145,058
Total assets
€669,863▼ 3.7%
2024 · €695,587
Net result
€21,097
2024 · -€68,826
Working capital
€7,516▲ 568%
2024 · €1,125
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€24,876▼ 33.0%€146,299▲ 488%€174,920▲ 19.6%-€51,021€32,849
Net result€18,471▼ 28.1%€97,162▲ 426%€114,722▲ 18.1%-€68,826€21,097
Equity€46,178▲ 66.7%€143,340▲ 210%€213,884▲ 49.2%€145,058▼ 32.2%€166,154▲ 14.5%
Total assets€126,743▲ 61.1%€646,355▲ 410%€772,667▲ 19.5%€695,587▼ 10.0%€669,863▼ 3.7%
Debt€80,566▲ 58.0%€503,015▲ 524%€558,783▲ 11.1%€550,529▼ 1.5%€503,709▼ 8.5%
Working capital€43,144▲ 82.3%€114,161▲ 165%€138,714▲ 21.5%€1,125▼ 99.2%€7,516▲ 568%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €32,849 after a loss of €51,021 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €669,863
Fixed assets
€585,595 ▼ 5.8%
Current assets
€84,268 ▲ 14.0%
Equity and liabilities €669,863
Equity
€166,154 ▲ 14.5%
Debt
€503,709 ▼ 8.5%
Debt's share of the balance-sheet total falls from 79.1% to 75.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€68,915▲
2024 · €16,047
Cash flow
€57,162▲
2024 · -€1,758
Current ratio
1.10▲
2024 · 1.02
Quick ratio
1.07▲
2024 · 0.98
Debt to equity
3.03▼
2024 · 3.80
ROE
12.7%▲
2024 · -47.4%
ROA
3.1%▲
2024 · -9.9%
Interest coverage
5.38▲
2024 · 1.11
Debt ≤ 1 year
€76,752▲
2024 · €72,801
Debt > 1 year
€426,957▼
2024 · €477,728
Income taxes
€373▼
2024 · €3,411
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,365 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.7%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 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 2,365 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 | - | - | €1,649 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,777 | €64,080 | €41,761 | €67,068 | €36,066 | ▼ 46.2% |
| Other operating charges640/8 | - | €2,881 | €1,753 | €38,475 | €3,153 | ▼ 91.8% |
| Non-recurring operating charges66A | - | - | - | €3,952 | €0 | ▼ 100% |
| Gross operating margin9900 | €27,135 | €213,260 | €218,433 | €58,474 | €72,068 | ▲ 23.2% |
| Operating profit (loss)9901 | €24,876 | €146,299 | €174,920 | -€51,021 | €32,849 | ▲ 164% |
| Financial income75/76B | - | €483 | €771 | €78 | €1,440 | ▲ 1,735% |
| Recurring financial income75 | €7 | €483 | €771 | €78 | €1,440 | ▲ 1,735% |
| Financial charges65/66B | - | €3,321 | €4,734 | €14,473 | €12,819 | ▼ 11.4% |
| Recurring financial charges65 | €333 | €3,321 | €4,734 | €14,473 | €12,819 | ▼ 11.4% |
| Profit (loss) for the period before taxes9903 | €24,549 | €143,461 | €170,956 | -€65,415 | €21,470 | ▲ 133% |
| Income taxes67/77 | €6,078 | €46,299 | €56,234 | €3,411 | €373 | ▼ 89.1% |
| Profit (loss) for the period9904 | €18,471 | €97,162 | €114,722 | -€68,826 | €21,097 | ▲ 131% |
| Profit (loss) for the period to be appropriated9905 | €18,471 | €97,162 | €114,722 | -€68,826 | €21,097 | ▲ 131% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €126,743 | €646,355 | €772,667 | €695,587 | €669,863 | ▼ 3.7% |
| Fixed assets21/28 | €3,169 | €333,296 | €382,836 | €621,661 | €585,595 | ▼ 5.8% |
| Tangible fixed assets22/27 | €3,169 | €333,296 | €382,836 | €621,661 | €585,595 | ▼ 5.8% |
| Land and buildings22 | - | €253,888 | €323,013 | €572,612 | €556,738 | ▼ 2.8% |
| Plant, machinery and equipment23 | - | €899 | €433 | €83 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €20,622 | €15,790 | €15,954 | €10,507 | ▼ 34.1% |
| Leasing and similar rights25 | - | €57,887 | €43,601 | €29,315 | €15,029 | ▼ 48.7% |
| Other tangible fixed assets26 | - | - | - | €3,697 | €3,321 | ▼ 10.2% |
| Current assets29/58 | €123,575 | €313,058 | €389,830 | €73,926 | €84,268 | ▲ 14.0% |
| Stocks and contracts in progress3 | €1,500 | €4,170 | €7,500 | €2,500 | €2,500 | = |
| Stocks30/36 | - | €4,170 | €7,500 | €2,500 | €2,500 | = |
| Amounts receivable within one year40/41 | €61,870 | €244,032 | €302,363 | €34,399 | €47,350 | ▲ 37.6% |
| Trade receivables40 | - | €203,347 | €231,007 | €20,674 | €30,662 | ▲ 48.3% |
| Other amounts receivable41 | - | €40,685 | €71,357 | €13,725 | €16,688 | ▲ 21.6% |
| Cash at bank and in hand54/58 | €57,919 | €60,975 | €78,478 | €35,730 | €30,521 | ▼ 14.6% |
| Deferred charges and accrued income490/1 | - | €3,881 | €1,489 | €1,297 | €3,897 | ▲ 200% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €126,743 | €646,355 | €772,667 | €695,587 | €669,863 | ▼ 3.7% |
| Equity10/15 | €46,178 | €143,340 | €213,884 | €145,058 | €166,154 | ▲ 14.5% |
| Contributions10/11 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €44,178 | €141,340 | €211,884 | €211,884 | €211,884 | = |
| Distributable reserves133 | - | €141,340 | €211,884 | €211,884 | €211,884 | = |
| Profit (loss) carried forward14 | - | - | €0 | -€68,826 | -€47,729 | ▲ 30.7% |
| Amounts payable17/49 | €80,566 | €503,015 | €558,783 | €550,529 | €503,709 | ▼ 8.5% |
| Amounts payable after more than one year17 | - | €304,117 | €307,666 | €477,728 | €426,957 | ▼ 10.6% |
| Financial debts170/4 | - | €304,117 | €307,666 | €477,728 | €426,957 | ▼ 10.6% |
| Amounts payable within one year42/48 | €80,431 | €198,897 | €251,117 | €72,801 | €76,752 | ▲ 5.4% |
| Current portion of amounts payable after more than one year42 | - | €14,134 | €29,399 | €49,585 | €50,771 | ▲ 2.4% |
| Trade debts44 | €36,528 | €149,214 | €159,809 | €9,860 | €17,976 | ▲ 82.3% |
| Suppliers440/4 | - | €149,214 | €159,809 | €9,860 | €17,976 | ▲ 82.3% |
| Taxes, remuneration and social security45 | - | €34,320 | €51,212 | €13,357 | €105 | ▼ 99.2% |
| Taxes450/3 | - | €30,070 | €51,212 | €13,357 | €105 | ▼ 99.2% |
| Remuneration and social security454/9 | - | €4,250 | €0 | - | - | - |
| Other amounts payable47/48 | - | €1,230 | €10,697 | €0 | €7,900 | - |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,471 | €97,162 | €114,722 | -€68,826 | €21,097 | ▲ 131% |
| + Depreciation and write-downs630 | €1,777 | €64,080 | €41,761 | €67,068 | €36,066 | ▼ 46.2% |
| Operating cash flow (approximation) | €20,248 | €161,242 | €156,482 | -€1,758 | €57,162 | ▲ 3,352% |
| Investment in fixed assets (approximation) | - | -€394,208 | -€91,301 | -€305,893 | €0 | ▲ 100% |
| Change in cash | - | €3,056 | €17,503 | -€42,748 | -€5,209 | ▲ 87.8% |
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
2025
02-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Back to profitnet €21,097
Net result €21,097 after one loss-making year.
30-06
Financial
Equity above €150,000Eq €166,154 ▲14.5%
Equity rises from €145,058 to €166,154.
17-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet -€68,826
Net result drops to -€68,826, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2020net €114,722 ▲18.1%
Operating result €174,920, net result €114,722, both a record.
30-06
Financial
Equity above €200,000Eq €213,884 ▲49.2%
4 profitable years in a row build equity to €213,884.
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Equity above €100,000Eq €143,340 ▲210%
3 profitable years in a row build equity to €143,340.
2021
29-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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, Pittem · 1 establishment unit since 2019
Ground area
418 m²
Building footprint
140 m²
Parcel 37011B1172/00T000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ELEKTROFLOW
since 20192.290.302.434
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37011B1172/00T000 | Flanders | 417 m² | 1 · 140 m² | - |
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 22,831 companies in sector 43211 we hold annual accounts for 10,329. 8,516 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
Founded06-06-2019
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0727807430
Also
9925:BE0727807430
Registered
02-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.