Equity
€59,418 ▲ 9.7%
ELERDO has made a profit in every financial year since 2022.
ELERDO
Overview
Lifetime
4 annual accounts with figures on one time axispeak €57,961 (2022)
€53,178▲ 478%
peak €38,674 (2022)
€5,248▲ 104%
peak €59,418 (2025)
€59,418▲ 9.7%
€14,852▲ 52.7%
Board1 name since 2021
1 directorDOGAN Erkan
Documentsfilings and deeds
10-07-202621 days before the deadline
2025micro format
Gross margin from €9,201 to €53,178Result from €2,568 to €5,248Debts from €9,728 to €14,852Cash from €27,781 to €14,184
Key points
from the 2025 annual accountsTurnover
≈ €210,000 estimated
The micro format states no turnover.
Investments
€50,451 24.3 × depreciation
Green is investment, beige is depreciation.
Filings
4 annual accounts since 2022
The last four annual accounts were filed 17 to 29 days before the end of the period.
Starting capital
€3,000 100 shares
Position in the sector
80.0%
Higher solvency than 85% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
Checked score
71
Healthy
Financially stronger than 61% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.6%▲ +0.1 percentage points vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.2%▼ -0.5 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.3%▲ +0.1 percentage points vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.6%▲ +0.3 percentage points vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €74,269
Founded in 2021
lowers risk
Liquidity: current ratio 4.36, cash €14,184
Equity €59,418 (80.0% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 90% of them on solvency, 66% on liquidity, 33% on profitability and 55% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as ELERDO has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ELERDO itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for ELERDO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.36 (5.38 in 2024), above the usual 1.5. Short-term debt is 20% and cash 19.1% of total assets. 20% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 10-07-2026, 21 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
21 days early
2024
29 days early
2023
17 days early
2022
22 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 22 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 July (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- DOGAN Erkan 50 sharesdeed of 29-11-2021
- CAPAN Sibel 50 sharesdeed of 29-11-2021
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0777710168
Incorporation
Founding capital of €3,000, 100 shares · Founders: DOGAN Erkan and CAPAN Sibel · Appointment: DOGAN Erkan (director) · published on 29-11-2021 · Gazette deed
First establishment
Toekomstlaan 7, Lokeren
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as ELERDO: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €69,000 and €87,300, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 25-11-2021Normal situation
- Activity
- General electrical installation workNACE 43211and 2 others
- Establishment unit
- 2.327.359.7019160 Lokeren, since 25-11-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 02-09-2025
Annual accounts 2025
- €53,178▲ 478%
- €5,248▲ 104%
- €59,418▲ 9.7%
- €74,269▲ 16.2%
- Employeeson 31-12-2025
- 1
- Filing
- Filed on 10-07-2026, 21 days before the end of the filing period
Insights on ELERDO
ELERDO files the micro format. That format states no turnover. The gross margin fell from €57,961 in 2022 to €53,178 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 10-07-2026, 21 days before the deadline€53,178
▲ 478%
€9,472
▲ 90.6%
€11,544
▲ 60.7%
€7,321
▲ 53.1%
80.0%
▼ 4.8 percentage points
4.36
▼ 1.02
Money flows
no detail for 2025Balance sheet
balance sheet total €74,269 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
80.0%
Higher than 85% of 35,136 companies in 2025.
4.36
Higher than 82% of 34,510 companies in 2025.
7.1%
Higher than 50% of 34,711 companies in 2025.
ELERDO
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
€39,215
Staff costs divided by the average number of full-time equivalents.
+1 person
people who joined
people who left
In 2025, 1 person joined and nobody left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
74,269 | 63,898 | 58,770 | 60,145 | |
21/28 |
9,525 | 11,598 | 12,616 | 928 | |
22/27 |
9,525 | 11,598 | 12,616 | 928 | |
24 |
434 | 1,025 | 560 | 928 | |
26 |
9,091 | 10,573 | 12,055 | - | |
29/58 |
64,745 | 52,300 | 46,154 | 59,216 | |
40/41 |
37,325 | 21,004 | 20,933 | 11,409 | |
40 |
15,727 | 19,376 | 19,600 | 9,999 | |
41 |
21,598 | 1,628 | 1,333 | 1,410 | |
54/58 |
14,184 | 27,781 | 19,615 | 46,729 | |
490/1 |
13,236 | 3,516 | 5,605 | 1,078 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
74,269 | 63,898 | 58,770 | 60,145 | |
10/15 |
59,418 | 54,170 | 51,602 | 41,674 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | |
13 |
56,418 | 51,170 | 48,602 | 38,674 | |
133 |
56,418 | 51,170 | 48,602 | 38,674 | |
17/49 |
14,852 | 9,728 | 7,167 | 18,471 | |
42/48 |
14,852 | 9,728 | 7,167 | 18,471 | |
44 |
1,351 | 3,036 | 950 | 2,099 | |
440/4 |
1,351 | 3,036 | 950 | 2,099 | |
45 |
13,501 | 6,691 | 6,218 | 16,338 | |
450/3 |
3,741 | 6,691 | 6,218 | 16,338 | |
454/9 |
9,760 | - | - | - | |
47/48 |
- | - | - | 34 | |
| Income statement | |||||
70 |
- | - | - | 121,216 | |
9900 |
53,178 | 9,201 | 18,862 | 57,961 | |
60/61 |
- | - | - | 65,605 | |
62 |
39,215 | - | - | - | |
630 |
2,073 | 2,213 | 1,268 | 1,278 | |
640/8 |
2,418 | 2,019 | 2,845 | 2,326 | |
9901 |
9,472 | 4,970 | 14,749 | 54,357 | |
75/76B |
1,870 | 13 | - | 0 | |
75 |
1,870 | 13 | - | 0 | |
65/66B |
2,421 | 441 | 103 | 645 | |
65 |
2,421 | 441 | 103 | 645 | |
9903 |
8,920 | 4,542 | 14,646 | 53,712 | |
67/77 |
3,673 | 1,974 | 4,718 | 15,038 | |
9904 |
5,248 | 2,568 | 9,928 | 38,674 | |
9905 |
5,248 | 2,568 | 9,928 | 38,674 | |
| Appropriation of the result | |||||
9906 |
5,248 | 2,568 | 9,928 | 38,674 | |
691/2 |
5,248 | 2,568 | 9,928 | 38,674 | |
6921 |
5,248 | 2,568 | 9,928 | 38,674 | |
| Social balance sheet | |||||
9087 |
1 | - | - | - | |
Hours worked1013 |
1,944 | - | - | - | |
| Document | |||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 10-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankSubsidies and aid
Flemish government 2025, 1 entry, €339 awarded, €339 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 11,544 | 7,183 | 16,017 | 55,635 | ||
| 7,321 | 4,781 | 11,196 | 39,952 | ||
| 50,451 | 1,194 | 12,956 | 17,079 | ||
| -13,596 | 8,165 | -27,113 | - | ||
| 49,893 | 42,573 | 38,986 | 40,746 | ||
| - | - | - | 44.8% | ||
| 80.0% | 84.8% | 87.8% | 69.3% | ||
| 4.36 | 5.38 | 6.44 | 3.21 | ||
| 0.25 | 0.18 | 0.14 | 0.44 | ||
| 8.8% | 4.7% | 19.2% | 92.8% | ||
| 7.1% | 4.0% | 16.9% | 64.3% | ||
| 4.77 | 16.28 | over 100 | 86.25 | ||
| - | - | - | 30 days | ||
| - | - | - | 12 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| part-time | 0 |
| in full-time equivalents | 1 |
| 1 | |
| On a permanent contract | 1 |
| Joined | 1 |
| Left | 0 |
| Training hours | 0 |
Source: social balance sheet in the 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €50,451 | €1,194 | €12,956 | €17,079 |
| €2,073 | €2,213 | €1,268 | €1,278 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on ELERDO
The operating result for 2025 is 91% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 15.2% to 20.0%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationDirector
since 24-11-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 10-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “ARTIKEL 11. BEVOEGDHEDEN VAN HET BESTUURSORGAAN Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”deed of 29-11-2021
Mandates through the years
1 name, the dashed line is todayControl
Capital
- Contribution
- €3,000
- Shares
- 100
- Contribution per share
- €30
- Equity per share
- €594 in 2025
- Source
- deed of 29-11-2021
Articles of association
deed of 29-11-2021 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Fourth Thursday of June at 17:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 29-11-2021 ↗
- DOGAN Erkan 50 shares (50%) · €1,500
- CAPAN Sibel 50 shares (50%) · €1,500
Network & group
No group
ELERDO has no parent and no holdings in its annual accounts. DOGAN Erkan is the only director. ELERDO shares no director with another company.
At the same address
Toekomstlaan 7, 9160 Lokeren · 1 other company| Capan, Sibel (sole trader)
establishment since 15-01-2024 |
founded in 2024 1003.918.722 |
Timeline
Timeline
9 events since 2021Filings
Financial
Establishments
202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 21 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0777710168
Annual accounts 2024 filed PDFmicro format · 29 days before the deadline
2024
Weakest financial year net €2,568 ▼74.1% The net result drops to €2,568, the lowest from 2022 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFmicro format · 17 days before the deadline
2023
Liquidity doubles current ratio 6.44 The current ratio rises from 3.21 to 6.44. Short-term debt falls from €18,471 to €7,167.
Annual accounts 2022 filed PDFmicro format · 22 days before the deadline
2021
IncorporationFounding capital of €3,000, 100 shares · Founders: DOGAN Erkan and CAPAN Sibel · Appointment: DOGAN Erkan (director) · published on 29-11-20216 points ▸
- Founder, DOGAN Erkan
- Founder, CAPAN Sibel
- Founding capital, €3,000, 100 shares
- Registered office clause, Toekomstlaan 7A, 9160 Lokeren
- Director appointment, DOGAN Erkan
- Board rule, 1
- The deed holds 3 more points.
First establishment Toekomstlaan 7, Lokeren
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 25 November 2021, ELERDO was incorporated as a private limited company by two natural persons, with a starting capital of €3,000.12 DOGAN Erkan has served as director since 2021.3 Total assets went from €60,145 in 2022 to €74,269 in 2025.4
Company details
Identity
- Enterprise number
- 0777.710.168
- VAT number
- BE 0777.710.168
- Peppol ID
- 0208:0777710168
- Other Peppol ID
- 9925:BE0777710168
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 25-11-2021
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Fourth Thursday of June at 17:00deed of 29-11-2021 (in Dutch)
- Peppol
- Reachable since 02-09-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- ELERDO in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 29-11-2021 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 29-11-2021 (in Dutch)
Activities
NACEBEL 2025VAT activities
43211
General electrical installation work main activity
Social security (RSZ) activities
43211
General electrical installation work main activity
Codes under NACEBEL 2008
43211
Specialised construction activities main activity
42220
Construction of utility projects for electricity and telecommunications
43222
Specialised construction activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Aanleg van leidingen voor het vervoer en distributie van elektrische energie en aansluitingen; Aanleg van telecommunicatielijnen en -netten…”deed of 29-11-2021 (in Dutch)
11 activities
- Aanleg van leidingen voor het vervoer en distributie van elektrische energie en aansluitingen
- Aanleg van telecommunicatielijnen en -netten en aansluitingen
- Installatie van elektrische bedrading en toebehoren
- Installatie van verwarming,klimaatregeling en ventilatie
- Installatie van elektrische verwarmingsinstallaties
- Elektrotechnische installatiewerken aan gebouwen
- Het uitvoeren van voorbereidende werkzaamheden en opruimwerkzaamheden
- Het uitvoeren van klusjesdiensten
- Het uitvoeren van alle activiteiten in verband met interieur en decoratie,vormgeving,binnenhuisinrichting,binnenhuisarchitectuur en totaalinrichting,gaande van het ontwerp tot de effectieve realisatie,de coördinatie en begeleiding van totaalprojecten
- Overige installaties (inclusief accessoires),niet eerder genoemd
- Evenals de aan- en verkoop,groot- en kleinhandel,import en export van materialen en toestellen vereist voor voormelde aanleg en installatie
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Toekomstlaan 7 registered office 9160 Lokeren | 25-11-2021 | 2.327.359.701 |
Buildings and parcels at the address
- Ground area
- 500 m²
- Buildings
- 112 m²
- Volume, LiDAR
- 569 m³
- Tallest building
- 7.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 46014A0247/00F002 | 500 m² | 1 · 112 m² | 7.1 m · 2 |
Recognitions
Recognised contractor
2 categoriesELERDO BVapproval number 42145
- C2 Water supply and laying all kinds of pipesclass 1, up to €162,000
- P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 1, up to €162,000
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0777.710.168