ELSEC
ActiveELSEC has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €524k and a net result of €126k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 87% of 27358 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 5.44 against 4.62 in 2024), and 16.9% 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
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
Sector 43
higher
← 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
83.1%
Return on assets
20%
Age of the figures
8 mo
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
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
38 d early
2023
35 d early
2022
32 d early
2021
35 d early
2020
35 d early
2019
31 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€524k▲ 12.6%
2024 · €465k
2018: €229k
2019: €257k
2020: €303k
2021: €385k
2022: €429k
2023: €415k
2024: €465k
2018 → 2025
Total assets
€631k▲ 8.7%
2024 · €580k
2018: €347k
2019: €421k
2020: €408k
2021: €467k
2022: €509k
2023: €499k
2024: €580k
2018 → 2025
Net result
€126k▲ 7.6%
2024 · €117k
2018: €50k
2019: €72k
2020: €73k
2021: €94k
2022: €74k
2023: €93k
2024: €117k
2018 → 2025
Working capital
€474k▲ 17.9%
2024 · €402k
2018: €224k
2019: €284k
2020: €299k
2021: €365k
2022: €344k
2023: €340k
2024: €402k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€385k-€429k▲ 11.4%€415k▼ 3.4%€465k▲ 12.1%€524k▲ 12.6%
Operating result€130k-€107k▼ 17.9%€126k▲ 17.7%€160k▲ 27.5%€158k▼ 1.2%
Net result€94k-€74k▼ 20.9%€93k▲ 25.5%€117k▲ 26.3%€126k▲ 7.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €631k
Fixed assets
€50k▼ 26.0%
Current assets
€581k▲ 13.2%
Equity and liabilities €631k
Equity
€524k▲ 12.6%
Debt
€107k▼ 7.2%
The debt ratio falls from 19.8% to 16.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€176k▼
2024 · €178k
Cash flow
€144k▲
2024 · €135k
Solvency
83.1%▲
2024 · 80.2%
Current ratio
5.44▲
2024 · 4.62
Quick ratio
5.30▲
2024 · 4.48
Debt / equity
0.20▼
2024 · 0.25
ROE
24.1%▼
2024 · 25.2%
ROA
20.0%▼
2024 · 20.2%
Interest coverage
179.87▼
2024 · 264.64
Debt
€107k▼
2024 · €115k
Debt ≤ 1 year
€107k▼
2024 · €111k
Income taxes
€49k▼
2024 · €50k
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€580k€631k▲
Fixed assets21/28€67k€50k▼
Tangible fixed assets22/27€67k€50k▼
Land and buildings22€28k€24k▼
Plant, machinery and equipment23€204€88▼
Furniture and vehicles24€36k€24k▼
Other tangible fixed assets26€3k€2k▼
Current assets29/58€513k€581k▲
Amounts receivable after more than one year29€18k€30k▲
Other amounts receivable291€18k€30k▲
Stocks and contracts in progress3€16k€15k▼
Stocks30/36€16k€15k▼
Amounts receivable within one year40/41€25k€42k▲
Trade receivables40€23k€38k▲
Other amounts receivable41€2k€4k▲
Current investments50/53€200k€206k▲
Cash at bank and in hand54/58€251k€285k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€580k€631k▲
Equity10/15€465k€524k▲
Contributions10/11€10k€10k=
Reserves13€454k€513k▲
Distributable reserves133€454k€513k▲
Profit (loss) carried forward14€1k€1k▲
Amounts payable17/49€115k€107k▼
Amounts payable after more than one year17€4k-
Financial debts170/4€4k-
Amounts payable within one year42/48€111k€107k▼
Current portion of amounts payable after more than one year42€5k€4k▼
Trade debts44€5k€5k▲
Suppliers440/4€5k€5k▲
Taxes, remuneration and social security45€33k€29k▼
Taxes450/3€33k€29k▼
Other amounts payable47/48€68k€68k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€17k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€181k€179k▼
Operating profit (loss)9901€160k€158k▼
Financial income75/76B€8k€18k▲
Recurring financial income75€8k€18k▲
Financial charges65/66B€672€977▲
Recurring financial charges65€672€977▲
Profit (loss) for the period before taxes9903€167k€175k▲
Income taxes67/77€50k€49k▼
Profit (loss) for the period9904€117k€126k▲
Profit (loss) for the period to be appropriated9905€117k€126k▲
Appropriation of the result
Profit (loss) to be appropriated9906€118k€127k▲
Profit (loss) brought forward from the previous period14P€900€1k▲
Transfer from equity791/2€67k€68k▲
Transfer to equity691/2€117k€126k▲
To other reserves6921€117k€126k▲
Profit to be distributed694/7€67k€68k▲
Return on contributions (dividend)694€67k€68k▲
The notes to these accounts (8 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
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €126k ▲7.6%
Net result €126k, the highest in the series.
31-12
Financial
Equity above €500kEq €524k ▲12.6%
8 profitable years in a row build equity to €524k.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
VAN DE VELDE Isabelle Suzanne Antoinette
CurrentDirector · since 08-12-2023
08-12-2023
VAN DE VELDE Isabelle Suzanne Antoinette: Appointed as Director
04-12-2023
Fevery Stefaan: Resigned as Manager
Location & real-estate footprint
Registered office, Jabbeke · 1 establishment unit since 2012
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.
Groenwalle 148490 JabbekeGround area
508 m²
Building footprint
177 m²
Volume, LiDAR
761 m³
Parcel 31035C0205/00H002, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELSEC
since 20122.215.353.009
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31035C0205/00H002 | Flanders | 508 m² | 1 · 177 m² | 8.4 m · 2 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
K.L. Green Energy
BE 0788.308.112
Nieuwerkerken (Limb.) · Eq €524k
PRIVA BUILDING INTELLIGENCE
BE 0424.509.018
Kontich · Eq €524k
ELEKTRO SARRAZIJN
BE 0473.678.021
Middelkerke · Eq €524k
SG Systems
BE 0834.209.007
Aalter · Eq €523k
JBE
BE 0808.529.840
Oostende · Eq €525k
Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 6,341 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-2012
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43240Other construction installation
43291Specialised construction activities
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.