Turnover
≈ €58,000 estimated
The micro format states no turnover.
ELRO
Lifetime
18 annual accounts with figures on one time axispeak €95,578 (2023)
€5,834▼ 88.6%
lowest -€31,198 (2024)
€7,042▲ €38,239
peak €76,621 (2023)
€52,465▲ 15.5%
€14,533▼ 78.4%
Board2 names since 2007
1 directorDI ROSE ELIO
Documentsfilings and deeds
29-08-202629 days late
2025micro format
Gross margin from €51,159 to €5,834Back to profit: €7,042Equity from €45,424 to €52,465Debts from €67,290 to €14,533Cash from €5,978 to €10,605
Key points
from the 2025 annual accountsChecked score
86
Excellent
Financially stronger than 61% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.2%
01-2025: 4.5%▲ +2.3 percentage points vs 12-2024
02-2025: 4.5%● unchanged vs 01-2025
03-2025: 4.7%▲ +0.2 percentage points vs 02-2025highest value
04-2025: 4.3%▼ -0.4 percentage points vs 03-2025
05-2025: 4.3%● unchanged vs 04-2025
06-2025: 4.3%● unchanged vs 05-2025
07-2025: 4.3%● unchanged vs 06-2025
08-2025: 1.2%▼ -3.1 percentage points vs 07-2025
09-2025: 1.2%● unchanged vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.2%● unchanged vs 06-2026
08-2026: 1.8%▲ +0.6 percentage points vs 07-2026
09-2026: 0.3%▼ -1.5 percentage points vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €66,998
Last filed accounts filed 29 days late; 1 of the last 3 accounts late
lowers risk
Founded in 2007
Liquidity: current ratio 4.61, cash €10,605
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, 61% on liquidity, 31% on profitability and 63% on growth.
The bankruptcy probability was computed on 10-11-2026 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 very low class on 30-06-2025, 0.1% 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, 34,693 companies had the same profile as ELRO has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of ELRO itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,448 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 34,693 companies, not a prediction for ELRO. 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 €4,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.61 (1.68 in 2024), above the usual 1.5. Short-term debt is 21.7% and cash 15.8% of total assets. 21.7% 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 risk
raises risk · 2025 accounts filed 29 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
29 days late
2024
on the day
2023
365 days late
2022
17 days late
2021
2 days early
2020
61 days late
2019
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 63 days after 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 17 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0888777742
Resignation: Delagaye Kim (director)
Director discharge: Delagaye Kim · General meeting of 31-12-2020 · Gazette deed
Registered office moved within Brasschaat
New registered office: Isenbaertlei 1, 2930 Brasschaat · Previous registered office: Rerum Novarumlei 44, 2930 Brasschaat · General meeting of 15-05-2018 · Gazette deed
First establishment
Isenbaertlei 1, Brasschaat
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ELRO Brasschaat | €66,998 | €5,834 | 78.3% | - |
| TARGET DISTRIBUTION Aalst | €66,635 | €3,799 | -64.8% | - |
| TIMMERMANS-SWITTEN As | €83,240 | €3,935 | 67.0% | - |
| 20 ELEC SRL Courcelles | €60,542 | €9,644 | 27.1% | - |
| PASCAL DEFERME Heusden-Zolder | €51,252 | €9,052 | 93.5% | - |
| AD-electrics Kapellen | €71,544 | €16,727 | 81.6% | - |
| MONNOYE Genappe | €41,273 | €9,938 | 77.0% | - |
These companies have the same main activity as ELRO: electrical installation work in industrial facilities (NACE 43212). They are comparable in size and age: total assets between €41,300 and €83,200, founded between 2009 and 2011.
Official details
Source: KBO- Status
- Active since 16-04-2007Normal situation
- Activity
- Electrical installation work in industrial facilitiesNACE 43212and 4 others
- Joint committee
- 149.01Electricians: installation and distribution · annual accounts 2023
- Establishment unit
- 2.169.669.7692930 Brasschaat, since 02-04-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Insights on ELRO
ELRO files the micro format. That format states no turnover. The gross margin fell from €27,160 in 2008 to €5,834 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ELRO
- What is the company number of ELRO?
- The company number of ELRO is 0888.777.742. The VAT number is the same number with BE in front: BE 0888.777.742.
- Where is ELRO based?
- The registered office is at Isenbaertlei 1, 2930 Brasschaat.Company details
- What does ELRO do?
- According to the KBO register, the main activity is electrical installation work in industrial facilities (NACE 43212).
- What is the legal form of ELRO?
- ELRO is a private limited company (pre-2019) (BVBA).
- When was ELRO founded?
- ELRO was founded on 16-04-2007.
- Is ELRO still active?
- Yes, ELRO is an active enterprise in the KBO register.
- How many employees does ELRO have?
- ELRO had an average of 0.7 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does ELRO fall under?
- In its 2023 annual accounts, ELRO states joint committee 149.01 (Electricians: installation and distribution).
- What is the turnover of ELRO?
- The turnover in financial year 2025 is ≈ €58,000. This figure is estimated from the gross margin of €5,834 and 218 comparable companies (NACE 432). It probably lies between €33,000 and €110,000. It is a rough estimate.
- Is ELRO profitable?
- In financial year 2025, ELRO made a profit of €7,042.
- Where can I find the annual accounts of ELRO?
- ELRO filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ELRO due?
- ELRO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.