ELETTRA
ActiveSummary
ELETTRA has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110,053 and a net result of €84,742. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 9354 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+2
Solvency37▲+9
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.18 in 2024; short-term debt: 39.6% and cash: 34.6% of total assets), and 87.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
12.1%
Return on assets
9.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-03-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
12 d early
2023
25 d early
2022
16 d early
2021
5 d early
2020
24 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 14 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€110,053▲ 335%
2024 · €25,311
Total assets
€906,594▲ 21.4%
2024 · €746,650
Net result
€84,742▲ 47.4%
2024 · €57,478
Working capital
€73,697▲ 80.2%
2024 · €40,906
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€7,891-€122,586▼ 1,454%-€43,445▲ 64.6%€69,215€122,483▲ 77.0%
Net result€103,431above the sector's middle half▲ 872%-€126,270below the sector's middle half-€51,004below the sector's middle half▲ 59.6%€57,478within the sector's middle half€84,742above the sector's middle half▲ 47.4%
Equity€145,107within the sector's middle half▲ 242%€18,837below the sector's middle half▼ 87.0%-€32,167below the sector's middle half€25,311below the sector's middle half€110,053within the sector's middle half▲ 335%
Total assets€544,131within the sector's middle half▲ 22.2%€712,893within the sector's middle half▲ 31.0%€764,585within the sector's middle half▲ 7.3%€746,650within the sector's middle half▼ 2.3%€906,594within the sector's middle half▲ 21.4%
Debt€364,822▼ 9.5%€666,699▲ 82.7%€770,940▲ 15.6%€697,071▼ 9.6%€773,819▲ 11.0%
Working capital€155,137above the sector's middle half▲ 609%€14,981within the sector's middle half▼ 90.3%-€40,871within the sector's middle half€40,906within the sector's middle half€73,697within the sector's middle half▲ 80.2%
Solvency26.7%within the sector's middle half▲ 17.1pp2.6%below the sector's middle half▼ 24.0pp-4.2%below the sector's middle half▼ 6.8pp3.4%below the sector's middle half▲ 7.6pp12.1%within the sector's middle half▲ 8.7pp
Current ratio2.11within the sector's middle half▲ 0.831.10within the sector's middle half▼ 1.010.86within the sector's middle half▼ 0.241.18within the sector's middle half▲ 0.321.21within the sector's middle half▲ 0.03
Return on assets (ROA)19.0%above the sector's middle half▲ 16.6pp-17.7%below the sector's middle half▼ 36.7pp-6.7%below the sector's middle half▲ 11.0pp7.7%above the sector's middle half▲ 14.4pp9.3%above the sector's middle half▲ 1.6pp
Staff (FTE)1▲ 400%0.7within the sector's middle half▼ 30.0%1within the sector's middle half▲ 42.9%0.3within the sector's middle half▼ 70.0%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 77% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €906,594
Fixed assets
€474,002 ▼ 0.9%
Current assets
€432,593 ▲ 61.4%
Equity and liabilities €906,594
Equity
€110,053 ▲ 335%
Provisions
€22,722 ▼ 6.4%
Debt
€773,819 ▲ 11.0%
Debt's share of the balance-sheet total falls from 93.4% to 85.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€147,181▲
2024 · €92,894
Cash flow
€109,441▲
2024 · €81,157
Debt to equity
7.03▼
2024 · 27.54
ROE
77.0%▼
2024 · 227.1%
Interest coverage
6.17▼
2024 · 6.89
Debt ≤ 1 year
€358,896▲
2024 · €227,198
Debt > 1 year
€414,923▼
2024 · €468,233
Income taxes
€15,707▲
2024 · €44
Staff costs
€325▼
2024 · €34,540
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,609 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
2.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 2,609 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 | - | €181 | - | - | - | - |
| Remuneration, social security and pensions62 | €25,809 | €22,147 | €35,294 | €34,540 | €325 | ▼ 99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,707 | €21,983 | €27,346 | €23,679 | €24,698 | ▲ 4.3% |
| Other operating charges640/8 | €5,294 | €2,251 | €934 | €352 | €1,711 | ▲ 387% |
| Non-recurring operating charges66A | €5,519 | €52,081 | €587 | €3,864 | - | - |
| Gross operating margin9900 | €68,439 | -€24,124 | €20,716 | €131,650 | €149,218 | ▲ 13.3% |
| Operating profit (loss)9901 | -€7,891 | -€122,586 | -€43,445 | €69,215 | €122,483 | ▲ 77.0% |
| Financial income75/76B | €176,029 | €687 | €105 | €251 | €278 | ▲ 10.8% |
| Recurring financial income75 | €1,404 | €687 | €105 | €251 | €278 | ▲ 10.8% |
| Non-recurring financial income76B | €174,626 | - | - | - | - | - |
| Financial charges65/66B | €17,821 | €11,113 | €9,040 | €13,489 | €23,857 | ▲ 76.9% |
| Recurring financial charges65 | €17,821 | €11,113 | €9,040 | €13,489 | €23,857 | ▲ 76.9% |
| Profit (loss) for the period before taxes9903 | €150,317 | -€133,013 | -€52,380 | €55,977 | €98,904 | ▲ 76.7% |
| Transfer from deferred taxes780 | €67 | €6,844 | €1,545 | €1,545 | €1,545 | = |
| Transfer to deferred taxes680 | €34,269 | - | - | - | - | - |
| Income taxes67/77 | €12,685 | €102 | €170 | €44 | €15,707 | ▲ 35,736% |
| Profit (loss) for the period9904 | €103,431 | -€126,270 | -€51,004 | €57,478 | €84,742 | ▲ 47.4% |
| Transfer from tax-exempt reserves789 | €155 | €15,970 | €3,605 | €3,605 | €3,605 | = |
| Transfer to tax-exempt reserves689 | €79,960 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €23,626 | -€110,300 | -€47,399 | €61,084 | €88,348 | ▲ 44.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €544,131 | €712,893 | €764,585 | €746,650 | €906,594 | ▲ 21.4% |
| Fixed assets21/28 | €248,984 | €547,141 | €513,006 | €478,545 | €474,002 | ▼ 0.9% |
| Tangible fixed assets22/27 | €248,984 | €547,141 | €513,006 | €478,545 | €474,002 | ▼ 0.9% |
| Land and buildings22 | €200,679 | €492,189 | €473,555 | €453,375 | €449,353 | ▼ 0.9% |
| Plant, machinery and equipment23 | €29,478 | €27,088 | €24,697 | €22,307 | €19,917 | ▼ 10.7% |
| Furniture and vehicles24 | €18,827 | €27,865 | €14,753 | €2,864 | €4,732 | ▲ 65.2% |
| Current assets29/58 | €295,147 | €165,752 | €251,579 | €268,104 | €432,593 | ▲ 61.4% |
| Amounts receivable after more than one year29 | - | - | - | €7,400 | €5,000 | ▼ 32.4% |
| Other amounts receivable291 | - | - | - | €7,400 | €5,000 | ▼ 32.4% |
| Stocks and contracts in progress3 | - | - | - | €101,482 | - | - |
| Stocks30/36 | - | - | - | €101,482 | - | - |
| Amounts receivable within one year40/41 | €125,793 | €60,853 | €87,196 | €44,449 | €112,659 | ▲ 153% |
| Trade receivables40 | €117,239 | €40,970 | €78,996 | €44,408 | €110,300 | ▲ 148% |
| Other amounts receivable41 | €8,554 | €19,883 | €8,200 | €41 | €2,359 | ▲ 5,633% |
| Cash at bank and in hand54/58 | €163,305 | €99,171 | €161,855 | €114,154 | €313,697 | ▲ 175% |
| Deferred charges and accrued income490/1 | €6,049 | €5,727 | €2,528 | €619 | €1,236 | ▲ 99.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €544,131 | €712,893 | €764,585 | €746,650 | €906,594 | ▲ 21.4% |
| Equity10/15 | €145,107 | €18,837 | -€32,167 | €25,311 | €110,053 | ▲ 335% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €123,487 | €107,517 | €103,911 | €100,306 | €96,701 | ▼ 3.6% |
| Non-distributable reserves130/1 | €1,043 | €1,043 | - | - | - | - |
| Reserves not available under the articles1311 | €1,043 | €1,043 | - | - | - | - |
| Tax-exempt reserves132 | €79,805 | €63,834 | €60,229 | €56,624 | €53,018 | ▼ 6.4% |
| Distributable reserves133 | €42,640 | €42,640 | €43,682 | €43,682 | €43,682 | = |
| Profit (loss) carried forward14 | €1,620 | -€108,680 | -€156,079 | -€94,995 | -€6,647 | ▲ 93.0% |
| Provisions and deferred taxes16 | €34,202 | €27,358 | €25,812 | €24,267 | €22,722 | ▼ 6.4% |
| Deferred taxes168 | €34,202 | €27,358 | €25,812 | €24,267 | €22,722 | ▼ 6.4% |
| Amounts payable17/49 | €364,822 | €666,699 | €770,940 | €697,071 | €773,819 | ▲ 11.0% |
| Amounts payable after more than one year17 | €223,401 | €510,822 | €473,602 | €468,233 | €414,923 | ▼ 11.4% |
| Financial debts170/4 | €223,401 | €510,822 | €473,602 | €434,489 | €406,756 | ▼ 6.4% |
| Other amounts payable178/9 | - | - | - | €33,744 | €8,168 | ▼ 75.8% |
| Amounts payable within one year42/48 | €140,010 | €150,771 | €292,450 | €227,198 | €358,896 | ▲ 58.0% |
| Current portion of amounts payable after more than one year42 | €10,253 | €36,871 | €37,219 | €30,552 | €27,733 | ▼ 9.2% |
| Financial debts43 | - | €13,219 | €14,231 | €5,328 | - | - |
| Credit institutions430/8 | - | €13,219 | €14,231 | €5,328 | - | - |
| Trade debts44 | €68,377 | €18,861 | €225,612 | €172,960 | €312,110 | ▲ 80.5% |
| Suppliers440/4 | €68,377 | €18,861 | €225,612 | €172,960 | €312,110 | ▲ 80.5% |
| Advances received on contracts in progress46 | €22,250 | €65,344 | - | - | - | - |
| Taxes, remuneration and social security45 | €30,511 | €16,403 | €8,172 | €18,358 | €19,052 | ▲ 3.8% |
| Taxes450/3 | €23,047 | €15,124 | €8,172 | €17,408 | €17,552 | ▲ 0.8% |
| Remuneration and social security454/9 | €7,464 | €1,280 | - | €950 | €1,500 | ▲ 57.9% |
| Other amounts payable47/48 | €8,620 | €73 | €7,216 | - | - | - |
| Accrued charges and deferred income492/3 | €1,410 | €5,106 | €4,888 | €1,641 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €103,431 | -€126,270 | -€51,004 | €57,478 | €84,742 | ▲ 47.4% |
| + Depreciation and write-downs630 | €39,707 | €21,983 | €27,346 | €23,679 | €24,698 | ▲ 4.3% |
| Operating cash flow (approximation) | €143,138 | -€104,288 | -€23,658 | €81,157 | €109,441 | ▲ 34.9% |
| Investment in fixed assets (approximation) | - | -€320,140 | €6,790 | €10,782 | -€20,155 | ▼ 287% |
| Change in cash | - | -€64,134 | €62,684 | -€47,702 | €199,544 | ▲ 518% |
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
2026
09-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Equity above €100,000Eq €110,053 ▲335%
2 profitable years in a row build equity to €110,053.
18-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Back to profitnet €57,478
Net result €57,478 after 2 loss-making years.
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Weakest financial yearnet -€126,270
Net result drops to -€126,270, the lowest in the series; recovery starts the following year.
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €103,431 ▲872%
Net result €103,431, the highest in the series.
30-09
Financial
Equity above €100,000Eq €145,107 ▲242%
2 profitable years in a row build equity to €145,107.
06-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €10,638
Net result €10,638 after one loss-making year.
Show earlier events
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Waregem · 1 establishment unit since 2022
Ground area
644 m²
Building footprint
93 m²
Volume, LiDAR
757 m³
Parcel 34035A0163/00M000, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Vastgoed Elet
since 20222.327.485.603
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34035A0163/00M000 | Flanders | 644 m² | 1 · 93 m² | 10.4 m · 3 fl. |
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.
Similar companies · same sector, comparable size
JK IMMO
BE 0743.502.228
Charleroi · Eq €110,053
ADC-VASTGOED
BE 0816.548.869
Mechelen · Eq €110,057
Propriété Privée, Immobilier Résidentiel
BE 0630.764.274
La Hulpe · Eq €110,016
La Gestion d'Immeubles
BE 0414.142.884
Watermaal-Bosvoorde · Eq €110,000
FOUND & BAKER
BE 0672.504.859
Brugge · Eq €110,000
Of 11,755 companies in sector 68310 we hold annual accounts for 6,912. 5,213 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
Founded13-05-2015
Fiscal year end30-09
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0630607886
Also
9925:BE0630607886
Registered
12-09-2025
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.
Business parks
1 parkOffers a parcel on business park:Antwerpsesteenweg oude heerweg