ELERDO

Active

Private limited companyfounded 20214 yrs activeToekomstlaan 7, 9160 Lokeren, BelgiumKBO/BCE: BE 0777.710.168

Summary

The computed 12-month bankruptcy probability of ELERDO is 2.1% (moderate). The 2025 annual accounts show equity of €59k and a net result of €5k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 85% of 27786 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

67 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability67▼-7

Solvency100=

Growth52=

Track record94

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3.5k at 30 days acceptable

Liquidity ample (current ratio 4.36 against 5.38 in 2024; short-term debt: 20% and cash: 19.1% of total assets), and 20% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

80%

Return on assets

7.1%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

21 d early

2024

29 d early

2023

17 d early

2022

22 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Turnover

€121k

EBIT margin

44.8%

Net result

€5k▲ 104%

2024 · €3k

2022: €39k 2023: €10k 2024: €3k

2022 → 2025

Working capital

€50k▲ 17.2%

2024 · €43k

2022: €41k 2023: €39k 2024: €43k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Turnover€121k-

Equity€42k-€52k▲ 23.8%€54k▲ 5.0%€59k▲ 9.7%

Operating result€54k-€15k▼ 72.9%€5k▼ 66.3%€9k▲ 90.6%

Net result€39k-€10k▼ 74.3%€3k▼ 74.1%€5k▲ 104%

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

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 91% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €74k

12.8%

87.2%

Fixed assets €10k ▼ 17.9%

Current assets €65k ▲ 23.8%

Equity and liabilities €74k

80.0%

20.0%

Equity €59k ▲ 9.7%

Debt €15k ▲ 52.7%

Debt's share of the balance-sheet total rises from 15.2% to 20.0%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€12k▲

2024 · €7k

Cash flow

€7k▲

2024 · €5k

Current ratio

4.36▼

2024 · 5.38

Debt to equity

0.25▲

2024 · 0.18

ROE

8.8%▲

2024 · 4.7%

ROA

7.1%▲

2024 · 4.0%

Interest coverage

4.77▼

2024 · 16.28

Debt ≤ 1 year

€15k▲

2024 · €10k

Income taxes

€4k▲

2024 · €2k

Staff costs

€39k

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 · 39 lines

Balance sheet Code20242025

Assets

Total assets20/58€64k€74k▲

Fixed assets21/28€12k€10k▼

Tangible fixed assets22/27€12k€10k▼

Furniture and vehicles24€1k€434▼

Other tangible fixed assets26€11k€9k▼

Current assets29/58€52k€65k▲

Amounts receivable within one year40/41€21k€37k▲

Trade receivables40€19k€16k▼

Other amounts receivable41€2k€22k▲

Cash at bank and in hand54/58€28k€14k▼

Deferred charges and accrued income490/1€4k€13k▲

Equity and liabilities

Total equity and liabilities10/49€64k€74k▲

Equity10/15€54k€59k▲

Contributions10/11€3k€3k=

Reserves13€51k€56k▲

Distributable reserves133€51k€56k▲

Amounts payable17/49€10k€15k▲

Amounts payable within one year42/48€10k€15k▲

Trade debts44€3k€1k▼

Suppliers440/4€3k€1k▼

Taxes, remuneration and social security45€7k€14k▲

Taxes450/3€7k€4k▼

Remuneration and social security454/9-€10k

Income statement Code20242025

Remuneration, social security and pensions62-€39k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼

Other operating charges640/8€2k€2k▲

Gross operating margin9900€9k€53k▲

Operating profit (loss)9901€5k€9k▲

Financial income75/76B€13€2k▲

Recurring financial income75€13€2k▲

Financial charges65/66B€441€2k▲

Recurring financial charges65€441€2k▲

Profit (loss) for the period before taxes9903€5k€9k▲

Income taxes67/77€2k€4k▲

Profit (loss) for the period9904€3k€5k▲

Profit (loss) for the period to be appropriated9905€3k€5k▲

Appropriation of the result

Profit (loss) to be appropriated9906€3k€5k▲

Transfer to equity691/2€3k€5k▲

To other reserves6921€3k€5k▲

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

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

10-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

02-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €3k ▼74.1%

Net result drops to €3k, the lowest in the series; recovery starts the following year.

14-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Liquidity doublescurrent ratio 6.44

Current ratio from 3.21 to 6.44; short-term debt falls from €18k to €7k.

09-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Lokeren · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Toekomstlaan 79160 Lokeren

Ground area

500 m²

Building footprint

112 m²

Volume, LiDAR

569 m³

Parcel 46014A0247/00F002, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

ELERDO

Toekomstlaan 7, 9160 LokerenCivil engineering

since 20212.327.359.701

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46014A0247/00F002	Flanders	500 m²	1 · 112 m²	7.1 m · 2 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

2025 · 1 entry · 339 EUR awarded · 339 EUR paid

Year	Entries	awarded	paid
2025	1	339 EUR	339 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 339 EUR · 339 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Recognised contractor

2 categories

ELERDO BV42145

category C2, class 1 · category P1, class 1

decision 13-07-2022

Similar companies · same sector, comparable size

Maasmechelen · Eq €59,448

Beveren-Kruibeke-Zwijndrecht · Eq €59,470

DE SMEDT RENOV

BE 0648.655.727

Dilbeek · Eq €59,346

Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,691 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded25-11-2021

Fiscal year end31-12

Activities, NACEBEL 2025

43211General electrical installation work

42220Construction of utility projects for electricity and telecommunications

43222Installation of electric heating, air conditioning, cooling and ventilation

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

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