ELRO
ActiveSummary
ELRO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52k and a net result of €7k. Equity is growing by ~22.1% per year across the filed fiscal years. Its solvency ranks better than 83% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▲+64
Solvency100▲+35
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 4.61 against 1.68 in 2024; short-term debt: 21.7% and cash: 15.8% of total assets), and 21.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
78.3%
Return on assets
10.5%
Age of the figures
9 mo
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
on the day
2023
365 d late
2022
17 d late
2021
2 d early
2020
61 d late
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€52k▲ 15.5%
2024 · €45k
2018: €15k
2019: €3k▼ -77.8% vs 2018lowest in 8 years
2020: €8k▲ +141% vs 2019
2021: €28k▲ +253% vs 2020
2022: €35k▲ +24.7% vs 2021
2023: €77k▲ +118% vs 2022highest in 8 years
2024: €45k▼ -40.7% vs 2023
2025: €52k▲ +15.5% vs 2024
2018 → 2025
Total assets
€67k▼ 40.6%
2024 · €113k
2018: €54k
2019: €40k▼ -25.9% vs 2018lowest in 8 years
2020: €48k▲ +20.5% vs 2019
2021: €60k▲ +26.0% vs 2020
2022: €52k▼ -14.2% vs 2021
2023: €135k▲ +162% vs 2022highest in 8 years
2024: €113k▼ -16.7% vs 2023
2025: €67k▼ -40.6% vs 2024
2018 → 2025
Net result
€7k
2024 · €-31k
2018: €-17k
2019: €-12k▲ +32.3% vs 2018
2020: €5k▲ +140% vs 2019
2021: €20k▲ +332% vs 2020
2022: €7k▼ -65.6% vs 2021
2023: €42k▲ +498% vs 2022highest in 8 years
2024: €-31k▼ -175% vs 2023lowest in 8 years
2025: €7k▲ +123% vs 2024
2018 → 2025
Working capital
€52k▲ 15.5%
2024 · €45k
2018: €13k
2019: €18k▲ +32.8% vs 2018
2020: €754▼ -95.7% vs 2019lowest in 8 years
2021: €24k▲ +3060% vs 2020
2022: €34k▲ +41.4% vs 2021
2023: €77k▲ +127% vs 2022highest in 8 years
2024: €45k▼ -40.7% vs 2023
2025: €52k▲ +15.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€35k▲ 24.7%€77k▲ 118%€45k▼ 40.7%€52k▲ 15.5%
2021: €28klowest in 5 years
2022: €35k▲ +24.7% vs 2021
2023: €77k▲ +118% vs 2022highest in 5 years
2024: €45k▼ -40.7% vs 2023
2025: €52k▲ +15.5% vs 2024
Operating result€26k-€10k▼ 61.3%€60k▲ 511%€-37k€5k
2021: €26k
2022: €10k▼ -61.3% vs 2021
2023: €60k▲ +511% vs 2022highest in 5 years
2024: €-37k▼ -161% vs 2023lowest in 5 years
2025: €5k▲ +115% vs 2024
Net result€20k-€7k▼ 65.6%€42k▲ 498%€-31k€7k
2021: €20k
2022: €7k▼ -65.6% vs 2021
2023: €42k▲ +498% vs 2022highest in 5 years
2024: €-31k▼ -175% vs 2023lowest in 5 years
2025: €7k▲ +123% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5k after a loss of €37k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €67k
Equity
€52k ▲ 15.5%
Debt
€15k ▼ 78.4%
Debt's share of the balance-sheet total falls from 59.7% to 21.7%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
4.61▲
2024 · 1.68
Debt to equity
0.28▼
2024 · 1.48
ROE
13.4%▲
2024 · -68.7%
ROA
10.5%▲
2024 · -27.7%
Debt ≤ 1 year
€15k▼
2024 · €67k
Income taxes
€365▲
2024 · €112
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€113k€67k▼
Current assets29/58€113k€67k▼
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€107k€56k▼
Trade receivables40€84k-
Other amounts receivable41€23k€56k▲
Cash at bank and in hand54/58€6k€11k▲
Equity and liabilities
Total equity and liabilities10/49€113k€67k▼
Equity10/15€45k€52k▲
Contributions10/11€19k€19k=
Reserves13€50k€50k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€48k€48k=
Profit (loss) carried forward14€-24k€-16k▲
Amounts payable17/49€67k€15k▼
Amounts payable within one year42/48€67k€15k▼
Trade debts44€36k€13k▼
Suppliers440/4€36k€13k▼
Taxes, remuneration and social security45€22k€2k▼
Taxes450/3€22k€2k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€9k-
Income statement
Code20242025
Remuneration, social security and pensions62€329-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€79k-
Other operating charges640/8€9k€399▼
Gross operating margin9900€51k€6k▼
Operating profit (loss)9901€-37k€5k▲
Financial income75/76B€7k€2k▼
Recurring financial income75€7k€2k▼
Financial charges65/66B€953€202▼
Recurring financial charges65€953€202▼
Profit (loss) for the period before taxes9903€-31k€7k▲
Income taxes67/77€112€365▲
Profit (loss) for the period9904€-31k€7k▲
Profit (loss) for the period to be appropriated9905€-31k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€-16k▲
Profit (loss) brought forward from the previous period14P-€-24k
Transfer from equity791/2€8k-
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €33k | €329 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €1k | €0 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €79k | - | - |
| Other operating charges640/8 | €805 | €508 | €1k | €9k | €399 | ▼ 95.5% |
| Gross operating margin9900 | €29k | €13k | €96k | €51k | €6k | ▼ 88.6% |
| Operating profit (loss)9901 | €26k | €10k | €60k | €-37k | €5k | ▲ 115% |
| Financial income75/76B | €0 | €2k | €1k | €7k | €2k | ▼ 66.6% |
| Recurring financial income75 | €0 | €2k | €1k | €7k | €2k | ▼ 66.6% |
| Financial charges65/66B | €4k | €816 | €2k | €953 | €202 | ▼ 78.8% |
| Recurring financial charges65 | €4k | €816 | €2k | €953 | €202 | ▼ 78.8% |
| Profit (loss) for the period before taxes9903 | €22k | €11k | €60k | €-31k | €7k | ▲ 124% |
| Income taxes67/77 | €2k | €4k | €18k | €112 | €365 | ▲ 227% |
| Profit (loss) for the period9904 | €20k | €7k | €42k | €-31k | €7k | ▲ 123% |
| Profit (loss) for the period to be appropriated9905 | €20k | €7k | €42k | €-31k | €7k | ▲ 123% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60k | €52k | €135k | €113k | €67k | ▼ 40.6% |
| Fixed assets21/28 | €4k | €1k | €0 | - | - | - |
| Tangible fixed assets22/27 | €4k | €1k | €0 | - | - | - |
| Furniture and vehicles24 | €4k | €1k | €0 | - | - | - |
| Current assets29/58 | €56k | €50k | €135k | €113k | €67k | ▼ 40.6% |
| Stocks and contracts in progress3 | €13k | €11k | €8k | €0 | - | - |
| Stocks30/36 | €13k | €11k | €8k | €0 | - | - |
| Amounts receivable within one year40/41 | €7k | €34k | €126k | €107k | €56k | ▼ 47.2% |
| Trade receivables40 | €4k | €31k | €114k | €84k | - | - |
| Other amounts receivable41 | €4k | €3k | €12k | €23k | €56k | ▲ 146% |
| Cash at bank and in hand54/58 | €36k | €5k | €2k | €6k | €11k | ▲ 77.4% |
| Deferred charges and accrued income490/1 | €0 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60k | €52k | €135k | €113k | €67k | ▼ 40.6% |
| Equity10/15 | €28k | €35k | €77k | €45k | €52k | ▲ 15.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €10k | €16k | €58k | €50k | €50k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €8k | €15k | €56k | €48k | €48k | = |
| Profit (loss) carried forward14 | €0 | - | - | €-24k | €-16k | ▲ 29.9% |
| Amounts payable17/49 | €32k | €17k | €59k | €67k | €15k | ▼ 78.4% |
| Amounts payable within one year42/48 | €32k | €17k | €59k | €67k | €15k | ▼ 78.4% |
| Trade debts44 | €21k | €4k | €22k | €36k | €13k | ▼ 64.8% |
| Suppliers440/4 | €21k | €4k | €22k | €36k | €13k | ▼ 64.8% |
| Taxes, remuneration and social security45 | €2k | €6k | €25k | €22k | €2k | ▼ 92.3% |
| Taxes450/3 | €2k | €6k | €23k | €22k | €2k | ▼ 92.3% |
| Remuneration and social security454/9 | - | - | €3k | €0 | - | - |
| Other amounts payable47/48 | €9k | €7k | €12k | €9k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €7k | €42k | €-31k | €7k | ▲ 123% |
| + Depreciation and write-downs630 | €3k | €3k | €1k | €0 | - | - |
| Operating cash flow (approximation) | €23k | €10k | €43k | €-31k | €7k | ▲ 123% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | €-30k | €-4k | €4k | €5k | ▲ 4.8% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 4.61
Current ratio from 1.68 to 4.61; short-term debt falls from €67k to €15k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 365 days late
2024
31-12
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
2023
31-12
Financial
Highest result since 2018net €42k ▲498%
Operating result €60k, net result €42k, both a record.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
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 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Brasschaat · 1 establishment unit since 2008
Ground area
133 m²
Building footprint
133 m²
Volume, LiDAR
810 m³
Parcel 11324D0236/00A002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELRO
since 20082.169.669.769
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11324D0236/00A002 | Flanders | 133 m² | 1 · 133 m² | 9.3 m · 2 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.
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Of 1,123 companies in sector 43212 we hold annual accounts for 420. 355 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 (pre-2019)
Founded16-04-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43212Electrical installation work in industrial facilities
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
95220Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Scores and ratios are computed by Checked and are not a credit decision.