ELTRO · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of ELTRO is 1.2% (low). The 2025 annual accounts show negative equity (€-26k) and a net result of €14k. Equity is shrinking by ~36.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 158 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.2% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 158 sector peers (2025).

View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 9 filed financial years, each closing on 30-09. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2025, that is 30-04-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-09-2025	30-04-2026	27-04-2026	3 d early	2026-00088450
30-09-2024	30-04-2025	07-05-2025	7 d late	2025-00090337
30-09-2023	30-04-2024	25-04-2024	5 d early	2024-00077668
30-09-2022	30-04-2023	25-04-2023	5 d early	2023-00069132
30-09-2021	30-04-2022	29-03-2022	32 d early	2022-09100416
30-09-2020	30-04-2021	05-05-2021	5 d late	2021-13800127
30-09-2019	30-04-2020	30-04-2020	on the day	2020-11500083
30-09-2018	30-04-2019	06-05-2019	6 d late	2019-12700531
30-09-2017	30-04-2018	04-04-2018	26 d early	2018-09500348

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2016, 10 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€14k

Working capital€14k

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 27-04-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~36.6%/year over 8 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 33 · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-108.6%	41.7%	better than 5% of 158 sector peers
Net result	€14k	€20k	better than 40% of 159 sector peers
Equity	€-26k	€42k	better than 5% of 158 sector peers
Gross operating margin	€21k	€43k	better than 25% of 159 sector peers
Total assets	€24k	€114k	better than 10% of 159 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P5

Stable position over 2020-2025 · n=59-659

Net result P40

Improving position over 2020-2025 · n=60-660

Equity P5

Stable position over 2020-2025 · n=60-660

Gross operating margin P25

Stable position over 2020-2025 · n=60-660

Describes the position versus peers, not a forecast.

EBITDA

€-5k

+38.3% 18-25

Net profit

€14k

- 18-25

Cash flow

€-5k

+38.8% 18-25

Total assets

€24k

+43.3% 18-25

Equity

€-26k

+34.7% 18-25

Working capital

€14k

- 18-25

Employees (FTE)

1

-82.1% 18-25

Staff costs

€0

- 18-25

Show 11 other metrics

Income taxes

€2k

- 18-25

Debt

€49k

-11.6% 18-25

Debt ≤ 1y

€10k

-39.4% 18-25

Debt > 1y

€39k

0.0% 18-25

Current ratio

2.37

+154.4% 18-25

Quick ratio

2.22

+164.7% 18-25

Solvency

-108.6%

+54.4% 18-25

Debt / equity

-1.92

-35.3% 18-25

ROE

-53.1%

- 18-25

ROA

57.6%

- 18-25

Interest coverage

-7.88

-20.0% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€14k
Cash flow	-
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€24k
Equity	€-26k
Debt	€49k
of which ≤ 1y	€10k
of which > 1y	€39k
Working capital	€14k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	2.37
Quick ratio	2.22
Working capital ratio	57.9%
Solvency	-108.6%
Debt / equity	-1.92
Long-term debt ratio	-1.53
Interest coverage	-
Gross margin	-
Net margin	-
ROA	57.6%
ROE	-53.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€24k
Current assets	29/58	€24k
Stocks & contracts in progress	3	€2k
Amounts receivable within one year	40/41	€18k
Cash & bank	54/58	€452
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€24k
Equity	10/15	€-26k
Contributions / capital	10/11	€12k
Reserves	13	€21k
Accumulated profits (losses)	14	€-59k
Amounts payable	17/49	€49k
Amounts payable after one year	17	€39k
Amounts payable within one year	42/48	€10k
Trade debts payable within one year	44	€10k
Income statement
Gross operating margin	9900	€21k
Operating result	9901	€14k
Financial income	75	€358
Financial charges	65	€320
Result before taxes	9903	€14k
Net result for the period	9904	€14k
Result to be appropriated	9905	€14k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

38 / 100 Weak

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

ELTRO

Nieuwstraat 7, 9840 Nazareth-De PinteReparatie en onderhoud van elektrische apparatuur

since 20162.249.513.736

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area2,870 m²

Buildings1

Building footprint189 m²

Volume (LiDAR)1,021 m³

Tallest building8.6 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44012C0090/00T000	Flanders	2,870 m²	1 · 189 m²	8.6 m · 2 fl.

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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 2 acts read

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.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured

53 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 38

Profitability 0

Solvency 67

Growth 58

Stability 100

Credit advice

verdict per customer and amount

Similar

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We hold annual accounts for 80 of the 643 companies in this sector. 71 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Reparatie en onderhoud van elektrische apparatuur33140Algemene elektrotechnische installatiewerken43211Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit43222Overige zakelijke dienstverlening, neg82990Reparatie en onderhoud van consumentenelektronica95210

Primary activity highlighted.

Names & trade names

Legal nameNL

ELTRO

Registered office

Nieuwstraat 7

9840 Nazareth-De Pinte, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.