Equity
€251,481 ▲ 9.0%
ELVECO has made a profit without a break since 2017.
ELVECO
Lifetime
18 annual accounts with figures on one time axispeak €309,797 (2023)
€225,612▲ 8.2%
lowest -€3,121 (2016)
€20,756▲ 680%
peak €251,481 (2025)
€251,481▲ 9.0%
€194,431▼ 1.2%
peak 5.1 FTE (2018)
-not published
Board3 names since 2021
3 directorsVERPOORTEN Johan and 2 others
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Result from €2,661 to €20,756
Key points
from the 2025 annual accountsChecked score
89
Excellent
Financially stronger than 53% of micro companies in specialised construction (NACE 43)
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: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.2%▼ -0.4 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026
09-2026: 0.2%▼ -0.2 percentage points vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 2.11, cash €84,459
Founded in 2008
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 61% of them on solvency, 49% on liquidity, 48% on profitability and 54% 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, 10,904 companies had the same profile as ELVECO has now. Each dot stands for 28 companies, two years later.
95.2%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of ELVECO itself: 0.2% 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 10,904 companies, not a prediction for ELVECO. 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 €22,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.11 (1.99 in 2024), above the usual 1.5. Short-term debt is 42.2% and cash 18.9% of total assets. 43.6% 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 risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
1 day early
2023
27 days early
2022
60 days late
2021
92 days late
2020
124 days late
2019
7 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 39 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 31 August (4 of the last 5 accounts filed within 57 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
Board and ownership
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0895877746
2 directors appointed, 1 manager resigning, 1 reappointment
Resignation: VERPOORTEN Johan (manager) · Reappointment: VERPOORTEN Johan · Appointments: VERPOORTEN Dorien and VERPOORTEN Bjorn · General meeting of 18-12-2023 · Gazette deed
Security firm approval (camera systems) granted
Decision of 19-11-2021, published on 31-05-2024
Incorporation
published on 29-02-2008 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ELVECO Lommel | €445,911 | €225,612 | 56.4% | - |
| A.S.C.O. Elektriciteitswerken Heusden-Zolder | €451,313 | €197,334 | 6.6% | - |
| WILLEMS PIET Bilzen-Hoeselt | €396,880 | €202,994 | 41.7% | - |
| ELEKTROTECHNIEKEN PAUWELS Leopoldsburg | €517,742 | €231,918 | 44.1% | 2.5 |
| Damen Elektriciteitswerken Houthalen-Helchteren | €356,534 | €214,721 | 64.8% | - |
| SOLLED Aalst | €422,822 | €221,191 | 24.2% | - |
| VAN NUFFELEN Antwerp | €471,809 | €217,462 | 51.1% | - |
These companies have the same main activity as ELVECO: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €357,000 and €518,000, founded between 2007 and 2008.
Official details
Source: KBO- Status
- Active since 20-02-2008Normal situation
- Activity
- General electrical installation workNACE 43211and 4 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.169.195.8553920 Lommel, since 13-02-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- ≈ €670,000estimated
- €445,911▲ 4.3%
- Employeeson 31-12-2025
- 3=
- Filing
- Filed on 31-08-2026
Insights on ELVECO
ELVECO files the micro format. That format states no turnover. The gross margin rose from €93,293 in 2008 to €225,612 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 ELVECO
- What is the company number of ELVECO?
- The company number of ELVECO is 0895.877.746. The VAT number is the same number with BE in front: BE 0895.877.746.
- Where is ELVECO based?
- The registered office is at Rodekruisstraat 15, 3920 Lommel.Company details
- What does ELVECO do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of ELVECO?
- ELVECO is a private limited company (BV).
- When was ELVECO founded?
- ELVECO was founded on 20-02-2008.
- Is ELVECO still active?
- Yes, ELVECO is an active enterprise in the KBO register.
- How many employees does ELVECO have?
- ELVECO had an average of 2.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ELVECO fall under?
- In its 2025 annual accounts, ELVECO states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of ELVECO?
- The turnover in financial year 2025 is ≈ €670,000. This figure is estimated from the gross margin of €225,612 and 38 comparable companies (NACE 43211). It probably lies between €450,000 and €830,000.
- Is ELVECO profitable?
- In financial year 2025, ELVECO made a profit of €20,756.
- Where can I find the annual accounts of ELVECO?
- ELVECO filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ELVECO due?
- ELVECO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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