Equity
€72,176 from €494,983 in 2021
Equity fell by 85% in 4 years.
EltrexPro
Lifetime
9 annual accounts with figures on one time axispeak €496,320 (2019)
-€4,076▲ €61,174
lowest -€67,833 (2024)
-€36,250▲ €31,582
peak €494,983 (2021)
€72,176▼ 33.4%
€3,312▲ 595%
Board2 names since 2020
1 director8 MEREN
Owners
80%8 MEREN
Documentsfilings and deeds
31-07-2026on the last day
2025financial year
Gross margin from -€65,250 to -€4,076Loss of €36,250Equity from €108,427 to €72,176Debts from €476 to €3,312
Key points
from the 2025 annual accountsLosses
-€104,083 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Position in the sector
€72,176
Less equity than 89% of companies in wholesale trade. Sector median €1.6m · 6,123 companies.
Checked score
90
Excellent
Financially stronger than 52% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 2 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 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
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: 0.3%▲ +0.2 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026highest value
08-2026: 0.2%▼ -0.2 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Loss of €36,250, the second in a row (financial year 2025)
lowers risk
Liquidity: current ratio 22.79, cash €39,567
Equity €72,176 (95.6% of total assets)
Size: total assets €75,488
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 46, micro). It does better than 90% of them on solvency, 98% on liquidity, 6% on profitability and 14% 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, 4,805 companies had the same profile as EltrexPro has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of EltrexPro itself is lower: 0.2% within 12 months. It rests on far more data about EltrexPro than the profile alone.
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 4,805 companies, not a prediction for EltrexPro. 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 €6,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 22.79, above the usual 1.5. Short-term debt is 4.4% and cash 52.4% of total assets. 4.4% 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
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€36,250
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 31-07-2026, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
9 days early
2023
35 days early
2022
20 days early
2021
33 days early
2020
12 days late
2019
25 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 16 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 11 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Reappointment: CALLENS VANDELANOTTE (statutory auditor)
Permanent representative: Ken Snoeks · General meeting of 01-10-2024 · Gazette deed
1 statutory auditor appointed
Permanent representatives: Erik Thuysbaert and Yannic De Coninck · CALLENS VANDELANOTTE (statutory auditor) · General meeting of 29-06-2023 · Gazette deed
Permanent representatives: Erik Thuysbaert, Eddy Cober and Yannic De Coninck
Gazette deed
Capital increase of €41,500 to €63,500
Capital from €22,000 to €63,500 · Permanent representative: DE CONINCK Yannic Katja Casimir Ludwig · Resignation: 8 MEREN (sole director) · General meeting of 23-11-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EltrexPro Antwerp | €75,488 | -€4,076 | 95.6% | - |
| D.N.M.C. Mons | €69,320 | -€11,515 | 61.4% | - |
| Helmacab België Antwerp | €31,747 | -€6,796 | -10.2% | 0 |
| Vonk Kontich | €130,886 | -€58,758 | -40.3% | - |
| Powerpartstore Antwerp | €23,015 | €1,532 | 66.7% | - |
| Insito Bever | €160,292 | -€36,268 | 19.4% | - |
| 7 Green Nutra Life Diest | €32,477 | -€906 | 98.8% | - |
These companies have the same main activity as EltrexPro: wholesale of electrical equipment, including installation materials (NACE 46643). They are comparable in size and age: total assets between €23,000 and €160,000, founded between 2011 and 2021.
Official details
Source: KBO- Status
- Active since 27-09-2016Normal situation
- Activity
- Wholesale of electrical equipment, including installation materialsNACE 46643and 2 others
- Establishment unit
- 2.259.569.4682100 Antwerp, since 27-09-2016
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €75,488▼ 40.1%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on EltrexPro
EltrexPro has existed since 2016. The gross margin fell from €496,320 in 2019 to €83,338 in 2020.
Solvency rose in 2025 from 86.1% to 95.6%.
8 MEREN holds 80% of the shares.
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 EltrexPro
- What is the company number of EltrexPro?
- The company number of EltrexPro is 0662.997.374. The VAT number is the same number with BE in front: BE 0662.997.374.
- Where is EltrexPro based?
- The registered office is at Santvoortbeeklaan 33, 2100 Antwerp.Company details
- What does EltrexPro do?
- According to the KBO register, the main activity is wholesale of electrical equipment, including installation materials (NACE 46643).
- What is the legal form of EltrexPro?
- EltrexPro is a public limited company (NV).
- When was EltrexPro founded?
- EltrexPro was founded on 27-09-2016.
- Is EltrexPro still active?
- Yes, EltrexPro is an active enterprise in the KBO register.
- What is the turnover of EltrexPro?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is EltrexPro profitable?
- In financial year 2025, EltrexPro made a loss of €36,250.
- Where can I find the annual accounts of EltrexPro?
- EltrexPro filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EltrexPro due?
- EltrexPro 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 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 what changed in the latest annual accounts.What changed
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