ENDELEC
ActiveENDELEC has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €356k and a net result of €104k. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 55% of 2033 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
94
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+45
Solvency92▲+5
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.99 against 4.75 in 2024), but 53.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 43
higher
← 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
46.9%
Return on assets
13.7%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 01-02-2026, 1 day later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
1 d late
2024
26 d late
2023
68 d late
2022
188 d late
2021
399 d late
2020
11 d early
2019
16 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€104k▲ 277%
2024 · €28k
2019: €27k
2020: €32k
2021: €20k
2022: €14k
2023: €27k
2024: €28k
2019 → 2025
Working capital
€258k▲ 53.1%
2024 · €168k
2019: €113k
2020: €156k
2021: €95k
2022: €111k
2023: €141k
2024: €168k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€183k-€197k▲ 7.4%€224k▲ 14.0%€252k▲ 12.3%€356k▲ 41.2%
Operating result€38k-€55k▲ 46.5%€49k▼ 10.6%€31k▼ 37.6%€155k▲ 405%
Net result€20k-€14k▼ 32.0%€27k▲ 103%€28k▲ 0.3%€104k▲ 277%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 405% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €758k
Fixed assets
€371k▼ 0.4%
Current assets
€387k▲ 81.7%
Equity and liabilities €758k
Equity
€356k▲ 41.2%
Debt
€402k▲ 20.6%
The debt ratio falls from 57.0% to 53.1%: equity grows faster than debt.
Key figures and ratios
EBITDA
€183k▲
2024 · €58k
Cash flow
€132k▲
2024 · €55k
Solvency
46.9%▲
2024 · 43.0%
Current ratio
2.99▼
2024 · 4.75
Quick ratio
2.99▼
2024 · 4.75
Debt / equity
1.13▼
2024 · 1.32
ROE
29.2%▲
2024 · 10.9%
ROA
13.7%▲
2024 · 4.7%
Interest coverage
30.72▲
2024 · 8.38
Debt
€402k▲
2024 · €334k
Debt ≤ 1 year
€130k▲
2024 · €45k
Debt > 1 year
€263k▼
2024 · €289k
Income taxes
€46k▲
2024 · €-3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€586k€758k▲
Fixed assets21/28€373k€371k▼
Tangible fixed assets22/27€373k€371k▼
Land and buildings22€353k€342k▼
Plant, machinery and equipment23€5k€5k▲
Furniture and vehicles24€15k€24k▲
Financial fixed assets28€75€75=
Current assets29/58€213k€387k▲
Amounts receivable within one year40/41€164k€191k▲
Trade receivables40€156k€191k▲
Other amounts receivable41€8k-
Cash at bank and in hand54/58€46k€196k▲
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€586k€758k▲
Equity10/15€252k€356k▲
Contributions10/11€17k€17k=
Outside capital11€17k-
Other1109/19€17k-
Reserves13€167k€339k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€165k€337k▲
Profit (loss) carried forward14€68k-
Amounts payable17/49€334k€402k▲
Amounts payable after more than one year17€289k€263k▼
Financial debts170/4€289k€263k▼
Amounts payable within one year42/48€45k€130k▲
Current portion of amounts payable after more than one year42€22k€25k▲
Trade debts44€12k€37k▲
Suppliers440/4€12k€37k▲
Taxes, remuneration and social security45€11k€49k▲
Taxes450/3€11k€49k▲
Other amounts payable47/48-€19k
Accrued charges and deferred income492/3-€9k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€28k▲
Other operating charges640/8€3k€1k▼
Gross operating margin9900€61k€184k▲
Operating profit (loss)9901€31k€155k▲
Financial income75/76B€848€966▲
Recurring financial income75€848€966▲
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€25k€150k▲
Income taxes67/77€-3k€46k▲
Profit (loss) for the period9904€28k€104k▲
Profit (loss) for the period to be appropriated9905€28k€104k▲
Appropriation of the result
Profit (loss) to be appropriated9906€95k€171k▲
Profit (loss) brought forward from the previous period14P€68k€68k=
Transfer to equity691/2€28k€171k▲
To other reserves6921€28k€171k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 1 day late
2025
30-06
Financial
Highest result since 2019net €104k ▲277%
Operating result €155k, net result €104k, both a record.
26-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
08-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 188 days late
30-06
Financial
Equity above €200kEq €224k ▲14%
5 profitable years in a row build equity to €224k.
06-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 399 days late
2022
30-06
Financial
Weakest financial yearnet €14k ▼32%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
2021
20-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Equity above €150kEq €163k ▲24.4%
2 profitable years in a row build equity to €163k.
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
23-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 20 days late
2016
09-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Anderlues · 1 establishment unit since 2007
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.
Rue du Macau 106150 AnderluesGround area
721 m²
Building footprint
73 m²
Volume, LiDAR
471 m³
Parcel 56302E0328/00N000, Wallonia · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ENDELEC
since 20072.163.791.668
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56302E0328/00N000 | Wallonia | 721 m² | 1 · 73 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
BRAINTRONIC SYSTEMS INSTALLATIONS
BE 0454.344.931
Braine-l'Alleud · Eq €356k
BETTONVILLE ERIC
BE 0474.224.882
Visé · Eq €356k
Quantum Security
BE 0685.713.388
Beringen · Eq €356k
A-CSYS
BE 0441.096.612
Verlaine · Eq €355k
HANSON SECURITY
BE 0893.244.294
Kortrijk · Eq €356k
Of 22,740 companies in sector 43211 we hold annual accounts for 10,275. 7,221 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded02-07-2007
Fiscal year end30-06
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
45310
42220Construction of utility projects for electricity and telecommunications
43221Plumbing work
43230Insulation installation
43240Other construction installation
43291Specialised construction activities
45332
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.