ELTIC
ActiveSummary
ELTIC has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €512k and a net result of €211k. Equity is growing by ~21.4% per year across the filed fiscal years. Its solvency ranks better than 61% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+10
Solvency79▼-21
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.15 against 11.1 in 2024; short-term debt: 43.6% and cash: 70.1% of total assets), and 46.3% 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
53.7%
Return on assets
22.1%
Age of the figures
9 mo
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
51 d early
2023
58 d early
2022
31 d early
2021
30 d early
2020
44 d early
2019
49 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, abbreviated schema
Equity
€512k▼ 41.3%
2024 · €873k
2018: €110klowest in 8 years
2019: €222k▲ +102% vs 2018
2020: €451k▲ +103% vs 2019
2021: €517k▲ +14.8% vs 2020
2022: €667k▲ +28.9% vs 2021
2023: €767k▲ +15.0% vs 2022
2024: €873k▲ +13.8% vs 2023highest in 8 years
2025: €512k▼ -41.3% vs 2024
2018 → 2025
Total assets
€953k▼ 3.9%
2024 · €992k
2018: €414klowest in 8 years
2019: €479k▲ +15.7% vs 2018
2020: €735k▲ +53.3% vs 2019
2021: €744k▲ +1.2% vs 2020
2022: €790k▲ +6.2% vs 2021
2023: €961k▲ +21.6% vs 2022
2024: €992k▲ +3.3% vs 2023highest in 8 years
2025: €953k▼ -3.9% vs 2024
2018 → 2025
Net result
€211k▲ 53.7%
2024 · €137k
2018: €31klowest in 8 years
2019: €112k▲ +259% vs 2018
2020: €229k▲ +105% vs 2019highest in 8 years
2021: €81k▼ -64.5% vs 2020
2022: €149k▲ +83.4% vs 2021
2023: €125k▼ -16.1% vs 2022
2024: €137k▲ +9.7% vs 2023
2025: €211k▲ +53.7% vs 2024
2018 → 2025
Working capital
€478k▼ 41.7%
2024 · €820k
2018: €60klowest in 8 years
2019: €174k▲ +188% vs 2018
2020: €374k▲ +114% vs 2019
2021: €469k▲ +25.3% vs 2020
2022: €613k▲ +30.8% vs 2021
2023: €697k▲ +13.7% vs 2022
2024: €820k▲ +17.6% vs 2023highest in 8 years
2025: €478k▼ -41.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€517k-€667k▲ 28.9%€767k▲ 15.0%€873k▲ 13.8%€512k▼ 41.3%
2021: €517k
2022: €667k▲ +28.9% vs 2021
2023: €767k▲ +15.0% vs 2022
2024: €873k▲ +13.8% vs 2023highest in 5 years
2025: €512k▼ -41.3% vs 2024lowest in 5 years
Operating result€130k-€212k▲ 63.8%€165k▼ 22.5%€194k▲ 17.7%€288k▲ 48.8%
2021: €130klowest in 5 years
2022: €212k▲ +63.8% vs 2021
2023: €165k▼ -22.5% vs 2022
2024: €194k▲ +17.7% vs 2023
2025: €288k▲ +48.8% vs 2024highest in 5 years
Net result€81k-€149k▲ 83.4%€125k▼ 16.1%€137k▲ 9.7%€211k▲ 53.7%
2021: €81klowest in 5 years
2022: €149k▲ +83.4% vs 2021
2023: €125k▼ -16.1% vs 2022
2024: €137k▲ +9.7% vs 2023
2025: €211k▲ +53.7% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 49% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €953k
Fixed assets
€59k ▼ 35.0%
Current assets
€894k ▼ 0.8%
Equity and liabilities €953k
Equity
€512k ▼ 41.3%
Debt
€441k ▲ 268%
Debt's share of the balance-sheet total rises from 12.1% to 46.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€326k▲
2024 · €232k
Cash flow
€249k▲
2024 · €176k
Current ratio
2.15▼
2024 · 11.10
Quick ratio
2.10▼
2024 · 10.89
Debt to equity
0.86▲
2024 · 0.14
ROE
41.2%▲
2024 · 15.7%
ROA
22.1%▲
2024 · 13.8%
Interest coverage
194.76▲
2024 · 107.96
Debt ≤ 1 year
€416k▲
2024 · €81k
Debt > 1 year
€25k▼
2024 · €39k
Income taxes
€98k▲
2024 · €72k
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€992k€953k▼
Formation expenses20€997€748▼
Fixed assets21/28€91k€59k▼
Tangible fixed assets22/27€91k€59k▼
Plant, machinery and equipment23€8k€9k▲
Furniture and vehicles24€83k€50k▼
Current assets29/58€901k€894k▼
Amounts receivable after more than one year29€60k€15k▼
Other amounts receivable291€60k€15k▼
Stocks and contracts in progress3€17k€18k▲
Stocks30/36€17k€18k▲
Amounts receivable within one year40/41€309k€186k▼
Trade receivables40€153k€161k▲
Other amounts receivable41€156k€26k▼
Current investments50/53€125k-
Cash at bank and in hand54/58€386k€668k▲
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€992k€953k▼
Equity10/15€873k€512k▼
Contributions10/11€31k€31k=
Reserves13€842k€481k▼
Non-distributable reserves130/1€3k-
Reserves not available under the articles1311€3k-
Distributable reserves133€839k€481k▼
Amounts payable17/49€120k€441k▲
Amounts payable after more than one year17€39k€25k▼
Financial debts170/4€39k€25k▼
Amounts payable within one year42/48€81k€416k▲
Current portion of amounts payable after more than one year42€19k€14k▼
Trade debts44€47k€81k▲
Suppliers440/4€47k€81k▲
Taxes, remuneration and social security45€15k€53k▲
Taxes450/3€15k€53k▲
Other amounts payable47/48-€268k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€38k▼
Other operating charges640/8€982€1k▲
Gross operating margin9900€233k€328k▲
Operating profit (loss)9901€194k€288k▲
Financial income75/76B€17k€22k▲
Recurring financial income75€17k€22k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€209k€309k▲
Income taxes67/77€72k€98k▲
Profit (loss) for the period9904€137k€211k▲
Profit (loss) for the period to be appropriated9905€137k€211k▲
Appropriation of the result
Profit (loss) to be appropriated9906€137k€211k▲
Transfer from equity791/2€31k€572k▲
Transfer to equity691/2€137k€211k▲
To other reserves6921€137k€211k▲
Profit to be distributed694/7€31k€572k▲
Directors or managers695€31k€572k▲
The notes to these accounts (9 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26k | €23k | €26k | €39k | €38k | ▼ 0.7% |
| Other operating charges640/8 | €426 | €451 | €609 | €982 | €1k | ▲ 28.2% |
| Gross operating margin9900 | €156k | €235k | €191k | €233k | €328k | ▲ 40.5% |
| Operating profit (loss)9901 | €130k | €212k | €165k | €194k | €288k | ▲ 48.8% |
| Financial income75/76B | €5k | €6k | €19k | €17k | €22k | ▲ 29.3% |
| Recurring financial income75 | €5k | €6k | €19k | €17k | €22k | ▲ 29.3% |
| Financial charges65/66B | €3k | €2k | €3k | €2k | €2k | ▼ 22.1% |
| Recurring financial charges65 | €3k | €2k | €3k | €2k | €2k | ▼ 22.1% |
| Profit (loss) for the period before taxes9903 | €132k | €217k | €180k | €209k | €309k | ▲ 47.9% |
| Income taxes67/77 | €51k | €68k | €55k | €72k | €98k | ▲ 36.7% |
| Profit (loss) for the period9904 | €81k | €149k | €125k | €137k | €211k | ▲ 53.7% |
| Profit (loss) for the period to be appropriated9905 | €81k | €149k | €125k | €137k | €211k | ▲ 53.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €744k | €790k | €961k | €992k | €953k | ▼ 3.9% |
| Formation expenses20 | - | - | €1k | €997 | €748 | ▼ 25.0% |
| Fixed assets21/28 | €79k | €66k | €126k | €91k | €59k | ▼ 35.0% |
| Tangible fixed assets22/27 | €79k | €66k | €126k | €91k | €59k | ▼ 35.0% |
| Plant, machinery and equipment23 | €20k | €16k | €10k | €8k | €9k | ▲ 15.4% |
| Furniture and vehicles24 | €59k | €51k | €116k | €83k | €50k | ▼ 39.6% |
| Current assets29/58 | €665k | €724k | €834k | €901k | €894k | ▼ 0.8% |
| Amounts receivable after more than one year29 | €50k | €60k | €60k | €60k | €15k | ▼ 75.0% |
| Other amounts receivable291 | €50k | €60k | €60k | €60k | €15k | ▼ 75.0% |
| Stocks and contracts in progress3 | €22k | €20k | €15k | €17k | €18k | ▲ 6.0% |
| Stocks30/36 | €22k | €20k | €15k | €17k | €18k | ▲ 6.0% |
| Amounts receivable within one year40/41 | €220k | €230k | €212k | €309k | €186k | ▼ 39.6% |
| Trade receivables40 | €190k | €195k | €119k | €153k | €161k | ▲ 5.3% |
| Other amounts receivable41 | €30k | €35k | €93k | €156k | €26k | ▼ 83.6% |
| Current investments50/53 | - | - | €125k | €125k | - | - |
| Cash at bank and in hand54/58 | €369k | €410k | €417k | €386k | €668k | ▲ 73.3% |
| Deferred charges and accrued income490/1 | €4k | €4k | €4k | €4k | €6k | ▲ 29.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €744k | €790k | €961k | €992k | €953k | ▼ 3.9% |
| Equity10/15 | €517k | €667k | €767k | €873k | €512k | ▼ 41.3% |
| Contributions10/11 | €31k | €31k | €31k | €31k | €31k | = |
| Reserves13 | €486k | €636k | €736k | €842k | €481k | ▼ 42.8% |
| Non-distributable reserves130/1 | €3k | €3k | - | €3k | - | - |
| Reserves not available under the articles1311 | €3k | €3k | - | €3k | - | - |
| Distributable reserves133 | €483k | €632k | €736k | €839k | €481k | ▼ 42.6% |
| Amounts payable17/49 | €227k | €124k | €194k | €120k | €441k | ▲ 268% |
| Amounts payable after more than one year17 | €30k | €13k | €57k | €39k | €25k | ▼ 35.0% |
| Financial debts170/4 | €30k | €13k | €57k | €39k | €25k | ▼ 35.0% |
| Amounts payable within one year42/48 | €197k | €111k | €137k | €81k | €416k | ▲ 413% |
| Current portion of amounts payable after more than one year42 | €19k | €17k | €18k | €19k | €14k | ▼ 27.6% |
| Trade debts44 | €167k | €58k | €58k | €47k | €81k | ▲ 72.1% |
| Suppliers440/4 | €167k | €58k | €58k | €47k | €81k | ▲ 72.1% |
| Taxes, remuneration and social security45 | €11k | €36k | €60k | €15k | €53k | ▲ 248% |
| Taxes450/3 | €11k | €36k | €60k | €15k | €53k | ▲ 248% |
| Other amounts payable47/48 | - | - | - | - | €268k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €81k | €149k | €125k | €137k | €211k | ▲ 53.7% |
| + Depreciation and write-downs630 | €26k | €23k | €26k | €39k | €38k | ▼ 0.7% |
| Operating cash flow (approximation) | €107k | €172k | €151k | €176k | €249k | ▲ 41.8% |
| Investment in fixed assets (approximation) | - | €-10k | €-85k | €-3k | €-6k | ▼ 88.2% |
| Change in cash | - | €40k | €7k | €-32k | €283k | ▲ 990% |
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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €500kEq €517k ▲14.8%
4 profitable years in a row build equity to €517k.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €229k ▲105%
Operating result €337k, net result €229k, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €222k ▲102%
2 profitable years in a row build equity to €222k.
20-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
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.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Opwijk · 1 establishment unit since 2001
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.
Stwg. op Vilvoorde 2011745 Opwijk1 establishment unit
ELEKTRO TECHNISCH INSTALLATEUR CHRIS
since 20012.086.328.953
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 6,435 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
Founded16-03-1998
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.