ELGRO
ActiveELGRO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.43M and a net result of €228k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 82% of 7931 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▼-1
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 4.15 against 3.99 in 2024; short-term debt: 22.3% and cash: 49.7% of total assets), and 22.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
77.7%
Return on assets
12.4%
Age of the figures
18 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 14-10-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
29 d late
2023
7 d early
2022
2 d late
2021
17 d early
2020
18 d early
2019
4 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close17-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.43M▼ 1.5%
2024 · €1.45M
2019: €1.02M
2020: €1.27M
2021: €1.42M
2022: €1.54M
2023: €1.63M
2024: €1.45M
2019 → 2025
Total assets
€1.84M▼ 2.1%
2024 · €1.88M
2019: €1.16M
2020: €1.53M
2021: €1.57M
2022: €1.70M
2023: €1.79M
2024: €1.88M
2019 → 2025
Net result
€228k▼ 9.5%
2024 · €252k
2019: €248k
2020: €250k
2021: €294k
2022: €311k
2023: €299k
2024: €252k
2019 → 2025
Working capital
€1.29M▲ 0.8%
2024 · €1.28M
2019: €912k
2020: €1.20M
2021: €1.30M
2022: €1.44M
2023: €1.50M
2024: €1.28M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.42M-€1.54M▲ 8.4%€1.63M▲ 5.6%€1.45M▼ 10.6%€1.43M▼ 1.5%
Operating result€384k-€415k▲ 8.1%€395k▼ 4.9%€324k▼ 18.1%€290k▼ 10.4%
Net result€294k-€311k▲ 6.0%€299k▼ 4.1%€252k▼ 15.6%€228k▼ 9.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 10% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.84M
Fixed assets
€141k▼ 18.7%
Current assets
€1.70M▼ 0.5%
Equity and liabilities €1.84M
Equity
€1.43M▼ 1.5%
Debt
€410k▼ 4.4%
The debt ratio falls from 22.8% to 22.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€332k▼
2024 · €354k
Cash flow
€270k▼
2024 · €282k
Solvency
77.7%▲
2024 · 77.2%
Current ratio
4.15▲
2024 · 3.99
Quick ratio
2.78▲
2024 · 2.77
Debt / equity
0.29▼
2024 · 0.29
ROE
15.9%▼
2024 · 17.3%
ROA
12.4%▼
2024 · 13.4%
Interest coverage
93.14▲
2024 · 85.93
Debt
€410k▼
2024 · €429k
Debt ≤ 1 year
€410k▼
2024 · €429k
Income taxes
€103k▼
2024 · €115k
Staff costs
€258k▲
2024 · €252k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.88M€1.84M▼
Fixed assets21/28€173k€141k▼
Tangible fixed assets22/27€173k€141k▼
Plant, machinery and equipment23€8k€3k▼
Furniture and vehicles24€91k€67k▼
Other tangible fixed assets26€73k€70k▼
Current assets29/58€1.71M€1.70M▼
Stocks and contracts in progress3€520k€560k▲
Stocks30/36€520k€560k▲
Amounts receivable within one year40/41€213k€218k▲
Trade receivables40€201k€208k▲
Other amounts receivable41€12k€10k▼
Cash at bank and in hand54/58€970k€915k▼
Deferred charges and accrued income490/1€7k€8k▲
Equity and liabilities
Total equity and liabilities10/49€1.88M€1.84M▼
Equity10/15€1.45M€1.43M▼
Contributions10/11€20k€20k=
Reserves13€1.43M€1.41M▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€1.43M€1.41M▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€429k€410k▼
Amounts payable within one year42/48€429k€410k▼
Trade debts44€130k€84k▼
Suppliers440/4€130k€84k▼
Taxes, remuneration and social security45€38k€64k▲
Taxes450/3€12k€20k▲
Remuneration and social security454/9€26k€43k▲
Other amounts payable47/48€262k€262k▲
Income statement
Code20242025
Remuneration, social security and pensions62€252k€258k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€42k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€15k€-279▼
Other operating charges640/8€9k€12k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€630k€601k▼
Operating profit (loss)9901€324k€290k▼
Financial income75/76B€47k€45k▼
Recurring financial income75€47k€45k▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€367k€331k▼
Income taxes67/77€115k€103k▼
Profit (loss) for the period9904€252k€228k▼
Profit (loss) for the period to be appropriated9905€252k€228k▼
Appropriation of the result
Profit (loss) to be appropriated9906€252k€228k▼
Transfer from equity791/2€424k€250k▼
Transfer to equity691/2€252k€228k▼
To other reserves6921€252k€228k▼
Profit to be distributed694/7€424k€250k▼
Return on contributions (dividend)694€424k€250k▼
Social balance
Average headcount (FTE)90874.04.2▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
14-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet €228k ▼9.5%
Net result drops to €228k, the lowest in the series.
2024
29-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2023
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
31-03
Financial
Highest result since 2019net €311k ▲6%
Operating result €415k, net result €311k, both a record.
2021
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 4 days late
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
25-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
26-10
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.
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, Lommel · 1 establishment unit since 2007
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.
Norbert Neeckxlaan 1033920 LommelGround area
2,247 m²
Building footprint
1,021 m²
Volume, LiDAR
5,067 m³
Parcel 72020C0074/00D002, Flanders · tallest building 7.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Elgro
since 20072.160.913.639
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72020C0074/00D002 | Flanders | 2,247 m² | 1 · 1,021 m² | 7.7 m · 1 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.
Similar companies · same sector, comparable size
T & D SMART
BE 0888.363.513
Kortrijk · Eq €1.43M
BEL LIGHTING
BE 0446.960.954
Tubize · Eq €1.43M
Vorwerk BENELUX
BE 1005.465.871
Antwerpen · Eq €1.44M
BOUWELEK
BE 0633.839.273
Alken · Eq €1.41M
ELECTRA-BREE
BE 0872.796.397
Bree · Eq €1.46M
Of 977 companies in sector 46431 we hold annual accounts for 706. 425 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-03-2007
Fiscal year end31-03
Activities, NACEBEL
46431Wholesale of electrical household appliances and audio-video equipment
43211General electrical installation work
45310
47552Retail sale of lighting equipment
47592Retail trade
52442
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.