Financials
- Fiscal year
- 2025
- Total assets
- €223,062
- Profit
- €49,800
- Solvency
- 60.8%
Total assets▲ 14.0%
Net result
20222025
Elektrowork
ActiveSummary
Elektrowork has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €135,589 and a net result of €49,800. Equity is growing by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 65% of 32341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
General electrical installation work
NACE 43211
1 site
Size
€223,062total assets 2025
- Equity
- €135,589
- Profit
- €49,800
Turnover not published (abridged schema)
Structure
Accounts 4 d early0 of 1 deed read
Why 90- 1 of the last 3 late- Founded in 2021+ Liquidity: current ratio 2.54, cash €174,113+ Equity €135,589 (60.8% of total assets)Show the evidence
Checked score
Score 2025
90
/ 100
Excellent
Probability in this band: under 0.55%
Better than 62% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
86-14
equity 60.8% of total assets
Liquidity
82-14
short-term debt 39.2% · cash 78.1%
Profitability
97-1
return on assets 22.3%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.6%
12-2024: 0.6%● 0.0% vs 11-2024
01-2025: 0.5%▼ -10.8% vs 12-2024
02-2025: 0.5%● 0.0% vs 01-2025
03-2025: 0.5%▲ +0.2% vs 02-2025
04-2025: 0.5%▼ -1.0% vs 03-2025
05-2025: 0.5%▼ -1.4% vs 04-2025
06-2025: 0.5%▲ +0.8% vs 05-2025
07-2025: 0.4%▼ -19.2% vs 06-2025
08-2025: 0.7%▲ +65.0% vs 07-2025highest value
09-2025: 0.2%▼ -76.8% vs 08-2025
10-2025: 0.2%▼ -0.6% vs 09-2025
11-2025: 0.2%● 0.0% vs 10-2025
12-2025: 0.2%● 0.0% vs 11-2025
01-2026: 0.1%▼ -15.0% vs 12-2025lowest value
02-2026: 0.1%▲ +3.8% vs 01-2026
03-2026: 0.1%▲ +2.2% vs 02-2026
04-2026: 0.1%▲ +2.9% vs 03-2026
05-2026: 0.2%▲ +9.9% vs 04-2026
06-2026: 0.2%▲ +3.8% vs 05-2026
07-2026: 0.2%▲ +3.7% vs 06-2026
08-2026: 0.2%▲ +17.3% vs 07-2026
09-2026: 0.2%● 0.0% vs 08-2026
10-2026: 0.2%● 0.0% vs 09-2026
- Liquidity: current ratio 2.54, cash €174,113 lowers the probability
- Equity €135,589 (60.8% of total assets) lowers the probability
- 1 of the last 3 late raises the probability
- Founded in 2021 raises the probability for this profile
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 2.54 against 5.78 in 2024; short-term debt: 39.2% and cash: 78.1% of total assets), and 39.2% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 66%, liquidity 80%, profitability 83%, growth against the median 20%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 27-07-2026, 4 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
4 d early
2024
28 d late
2023
100 d late
2022
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 23 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 12 August (3 of the last 4 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Equity above €150,000Eq €162,258 ▲97.4%
Key points
By topic
Timeline
- Events
- 6
- Since
- 2023
- Next accounts
- by 31-07-2027
- 27-07-2026Annual accounts filed
- 28-08-2025Annual accounts filed
- 31-12-2024Equity above €150,000
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- General electrical installation workNACE 43211
- Founded
- 20-10-2021
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
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