Equity
€306,668 ▲ 32.4%
ELT PROJECTS has made a profit without a break since 2017.
ELT PROJECTS
Lifetime
11 annual accounts with figures on one time axispeak €178,109 (2025)
€178,109▲ 80.9%
lowest -€4,943 (2016)
€75,123▲ 324%
peak €306,668 (2025)
€306,668▲ 32.4%
€77,284▼ 8.9%
peak 1.7 FTE (2016)
-not published
Board1 name since 2021
1 directorLudo Eyckens
Documentsfilings and deeds
03-07-202628 days before the deadline
2025micro format
Gross margin from €98,450 to €178,109Result from €17,734 to €75,123Equity from €231,544 to €306,668Cash from €136,738 to €188,282
Key points
from the 2025 annual accountsResult
€75,123 ▲ 324%
The result rose in 2025 from €17,734 to €75,123.
Turnover
≈ €530,000 estimated
The micro format states no turnover.
Filings
11 annual accounts since 2015
Six of the last ten came late. The 2022 accounts came latest: 32 days after the end of the period.
At the same address
12 companies
Position in the sector
€75,123
Higher net result than 92% of companies in specialised construction. Sector median €10,184 · 35,124 companies.
Checked score
98
Excellent
Financially stronger than 84% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025highest value
09-2025: 0.1%● unchanged vs 08-2025highest value
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 4.65, cash €188,282
Equity €306,668 (79.9% of total assets)
Founded in 2014
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, 91% on liquidity, 79% on profitability and 76% on growth.
The bankruptcy probability was computed on 09-11-2026 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 ELT PROJECTS 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 ELT PROJECTS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 ELT PROJECTS. 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 €30,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.65 (3.3 in 2024), above the usual 1.5. Short-term debt is 20.1% and cash 49% of total assets. 20.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 days early
2024
31 days early
2023
29 days late
2022
32 days late
2021
31 days late
2020
27 days late
2019
26 days late
← 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 12 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 30 August (4 of the last 5 accounts filed within 58 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0554735674
Amendment of the articles · Legal-form change · Resignations & appointments
“De aan- en verkoop,de huur,de verhuur,de onderverhuur van bemeubelde en onbemeubelde onroerende goederen; Het…” (deed in Dutch) · Director in office: Ludo Eyckens · Gazette deed
Incorporation
published on 04-07-2014 · Gazette deed
First establishment
E.L.T. PROJECTS BVBA, Centrum-Zuid 3023, Houthalen-Helchteren
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ELT PROJECTS Houthalen-Helchteren | €383,952 | €178,109 | 79.9% | - |
| C&W Technieken Diepenbeek | €379,126 | €168,694 | 44.1% | - |
| SamElek Genk | €366,261 | €174,362 | 68.1% | - |
| RUSCO ELEKTRICITEITSWERKEN Dilsen-Stokkem | €334,594 | €168,098 | 62.1% | - |
| Electro Natie Willebroek | €388,988 | €176,200 | 32.5% | - |
| MC LINE Ottignies-Louvain-la-Neuve | €377,636 | €168,547 | 59.6% | - |
| DEMAN SIMON Wevelgem | €387,181 | €198,588 | 27.1% | - |
These companies have the same main activity as ELT PROJECTS: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €335,000 and €389,000, founded between 2012 and 2016.
Official details
Source: KBO- Status
- Active since 25-06-2014Normal situation
- Registered office
- 13 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- General electrical installation workNACE 43211
- Joint committee
- 149.01Electricians: installation and distribution · annual accounts 2025
- Establishment unit
- 2.232.312.4683530 Houthalen-Helchteren, since 24-06-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Annual accounts 2025
- €383,952▲ 21.4%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 03-07-2026, 28 days before the end of the filing period
Insights on ELT PROJECTS
ELT PROJECTS files the micro format. That format states no turnover. The gross margin rose from €159,212 in 2015 to €178,109 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 ELT PROJECTS
- What is the company number of ELT PROJECTS?
- The company number of ELT PROJECTS is 0554.735.674. The VAT number is the same number with BE in front: BE 0554.735.674.
- Where is ELT PROJECTS based?
- The registered office is at Centrum-Zuid 3023, 3530 Houthalen-Helchteren.Company details
- What does ELT PROJECTS do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of ELT PROJECTS?
- ELT PROJECTS is a private limited company (BV).
- When was ELT PROJECTS founded?
- ELT PROJECTS was founded on 25-06-2014.
- Is ELT PROJECTS still active?
- Yes, ELT PROJECTS is an active enterprise in the KBO register.
- How many employees does ELT PROJECTS have?
- ELT PROJECTS had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ELT PROJECTS fall under?
- In its 2025 annual accounts, ELT PROJECTS states joint committee 149.01 (Electricians: installation and distribution).
- What is the turnover of ELT PROJECTS?
- The turnover in financial year 2025 is ≈ €530,000. This figure is estimated from the gross margin of €178,109 and 38 comparable companies (NACE 43211). It probably lies between €360,000 and €650,000.
- Is ELT PROJECTS profitable?
- In financial year 2025, ELT PROJECTS made a profit of €75,123.
- Where can I find the annual accounts of ELT PROJECTS?
- ELT PROJECTS filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ELT PROJECTS due?
- ELT PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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