EURELEC TRADING
ActiveEURELEC TRADING has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.52M and a net result of €469k. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability32▲+1
Solvency25=
Growth85=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity tight (current ratio 1.0 against 1.0 in 2024; short-term debt: 99.4% and cash: 4.8% of total assets), and 99.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 94
Relative position
BE, all sectors
reference
Sector 94
lower
← fewer bankruptcies
more bankruptcies →
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
0.1%
Return on assets
0%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 500 sector peers (2025).
NBB · sector comparisonPosition among 500 sector peers
Solvency
better than 5%
← weakest
strongest →
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 27-07-2026, 4 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
4 d early
2024
15 d early
2023
6 d early
2022
14 d early
2021
5 d early
2020
18 d early
2019
9 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€13.39B▲ 8.3%
2024 · €12.36B
2018: €2.83B
2019: €5.65B
2020: €8.60B
2021: €9.18B
2022: €9.61B
2023: €11.48B
2024: €12.36B
2018 → 2025
EBIT margin
0.0%=
2024 · 0.0%
2018: 0.0%
2019: 0.0%
2020: 0.0%
2021: 0.0%
2022: 0.0%
2023: 0.0%
2024: 0.0%
2018 → 2025
Net result
€469k▲ 10.4%
2024 · €424k
2018: €202k
2019: €161k
2020: €431k
2021: €405k
2022: €335k
2023: €381k
2024: €424k
2018 → 2025
Working capital
€981k▼ 38.7%
2024 · €1.60M
2018: €1.37M
2019: €-12k
2020: €178k
2021: €632k
2022: €364k
2023: €1.76M
2024: €1.60M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€9.18B-€9.61B▲ 4.7%€11.48B▲ 19.5%€12.36B▲ 7.7%€13.39B▲ 8.3%
Equity€1.01M-€1.13M▲ 11.6%€1.31M▲ 15.9%€1.40M▲ 6.8%€1.52M▲ 8.1%
Operating result€721k-€656k▼ 9.0%€1.27M▲ 92.7%€1.41M▲ 11.8%€1.50M▲ 6.4%
Net result€405k-€335k▼ 17.2%€381k▲ 13.7%€424k▲ 11.5%€469k▲ 10.4%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.55B
Fixed assets
€8.76M▲ 4.4%
Current assets
€1.55B▲ 23.5%
Equity and liabilities €1.55B
Equity
€1.52M▲ 8.1%
Debt
€1.55B▲ 23.3%
The debt ratio stays at 99.9%.
Key figures and ratios
EBITDA
€1.80M▲
2024 · €1.67M
Cash flow
€763k▲
2024 · €677k
Solvency
0.1%▼
2024 · 0.1%
Current ratio
1.00▼
2024 · 1.00
Quick ratio
1.00▼
2024 · 1.00
ROE
30.9%▲
2024 · 30.3%
ROA
0.0%▼
2024 · 0.0%
Interest coverage
2.34▲
2024 · 2.16
Debt
€1.55B▲
2024 · €1.26B
Debt ≤ 1 year
€1.54B▲
2024 · €1.25B
Debt > 1 year
€7.05M=
2024 · €7.05M
Income taxes
€200k▼
2024 · €222k
Staff costs
€5.97M▼
2024 · €6.20M
A ratio outside any meaningful range has been withheld (balance sheet total €1.55B, equity €1.52M).
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€1.26B€1.55B▲
Fixed assets21/28€8.40M€8.76M▲
Intangible fixed assets21€138k€294k▲
Tangible fixed assets22/27€1.19M€1.40M▲
Furniture and vehicles24€75k€89k▲
Other tangible fixed assets26€1.11M€1.31M▲
Financial fixed assets28€7.07M€7.07M=
Other financial fixed assets284/8€7.07M€7.07M=
Amounts receivable and cash guarantees285/8€7.07M€7.07M=
Current assets29/58€1.25B€1.55B▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€1.22B€1.47B▲
Trade receivables40€1.22B€1.44B▲
Other amounts receivable41€328k€25.64M▲
Cash at bank and in hand54/58€28.59M€74.89M▲
Deferred charges and accrued income490/1€332k€324k▼
Equity and liabilities
Total equity and liabilities10/49€1.26B€1.55B▲
Equity10/15€1.40M€1.52M▲
Contributions10/11€300k€300k=
Reserves13€20k€20k=
Distributable reserves133€20k€20k=
Profit (loss) carried forward14€1.08M€1.20M▲
Amounts payable17/49€1.26B€1.55B▲
Amounts payable after more than one year17€7.05M€7.05M=
Other amounts payable178/9€7.05M€7.05M=
Amounts payable within one year42/48€1.25B€1.54B▲
Trade debts44€1.22B€1.45B▲
Suppliers440/4€1.22B€1.45B▲
Advances received on contracts in progress46-€5k
Taxes, remuneration and social security45€10.60M€9.85M▼
Taxes450/3€9.09M€8.73M▼
Remuneration and social security454/9€1.50M€1.13M▼
Other amounts payable47/48€15.33M€85.45M▲
Accrued charges and deferred income492/3€1.54M€1.18M▼
Income statement
Code20242025
Operating income70/76A€12.37B€13.42B▲
Turnover70€12.36B€13.39B▲
Other operating income74€11.48M€24.42M▲
Operating charges60/66A€12.37B€13.41B▲
Goods for resale, raw materials and consumables60€12.33B€13.36B▲
Purchases600/8€12.33B€13.36B▲
Services and other goods61€20.19M€21.37M▲
Remuneration, social security and pensions62€6.20M€5.97M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€253k€294k▲
Other operating charges640/8€11.44M€24.30M▲
Operating profit (loss)9901€1.41M€1.50M▲
Financial income75/76B€33k€5k▼
Recurring financial income75€33k€5k▼
Income from current assets751€7k€141▼
Other financial income752/9€27k€5k▼
Financial charges65/66B€801k€841k▲
Recurring financial charges65€801k€841k▲
Debt charges650€771k€770k▼
Other financial charges652/9€29k€70k▲
Profit (loss) for the period before taxes9903€647k€669k▲
Income taxes67/77€222k€200k▼
Taxes670/3€222k€235k▲
Tax adjustments and reversals of tax provisions77€0€35k▲
Profit (loss) for the period9904€424k€469k▲
Profit (loss) for the period to be appropriated9905€424k€469k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.42M€1.55M▲
Profit (loss) brought forward from the previous period14P€992k€1.08M▲
Profit to be distributed694/7€335k€355k▲
Employees696€335k€355k▲
Social balance
Average headcount (FTE)908735.039.2▲
The notes to these accounts (49 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
10-09
State Gazette act
General meeting · Board meetingGeneral meeting · Board meeting · Director appointment18 facts ▸
State Gazette act
General meeting · Board meeting
General meeting · Board meeting · Director appointment18 facts ▸
- General meeting, 2026-06-26
- Board meeting, 2025-12-17
- Board meeting, 2025-06-25
- Director appointment, Tim BORK (administrateur)
- Director appointment, Mattias DE BACKER (administrateur)
- Director appointment, Axel BOLTEN (administrateur)
- Director resignation, Johannes BALK (administrateur)
- Director resignation, Xavier PIESVAUX (administrateur)
- Director resignation, René PLASMAN (administrateur)
- Director resignation, Stéphane PERIN (administrateur A)
- Director reappointment, Axel BOLTEN (administrateur B)
- Director reappointment, Mattias DE BACKER (administrateur C)
- +6 further facts in this act
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €469k ▲10.4%
Operating result €1.50M, net result €469k, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
31-12
Financial
Equity above €1MEq €1.01M ▲27%
4 profitable years in a row build equity to €1.01M.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €161k ▼20.3%
Net result drops to €161k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 13 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26113916). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Denis MOREAU
CurrentAdministrateur a · since 26-06-2026
Mattias DE BACKER
CurrentDirector · since 17-12-2025
Tim BORK
CurrentDirector · since 17-12-2025
Axel BOLTEN
CurrentDirector · since 25-06-2025
26-06-2026
Denis MOREAU: Appointed as Administrateur a
26-06-2026
Johannes BALK: Resigned as Director
26-06-2026
René PLASMAN: Resigned as Director
26-06-2026
Stéphane PERIN: Resigned as Administrateur a
26-06-2026
Xavier Piesvaux: Resigned as Director
17-12-2025
Mattias DE BACKER: Appointed as Director
17-12-2025
Tim BORK: Appointed as Director
25-06-2025
Axel BOLTEN: Appointed as Director
26-03-2025
Marcel HARASZTI: Resigned as Director
06-08-2024
Oliver Unruh: Resigned as Managing director
05-04-2023
Olivier PETIT: Resigned as Daily management
11-03-2017
Jan-Peer Brenneke: Resigned as Director
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2016
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.
Guimardstraat 101040 BrusselGround area
1,566 m²
Building footprint
1,524 m²
Volume, LiDAR
32,805 m³
Parcel 21805E0194/00C002, Brussels · tallest building 30.9 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Eurelec Trading
since 20162.255.132.610
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0194/00C002 | Brussels | 1,566 m² | 1 · 1,524 m² | 30.9 m · 8 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Statutory auditor
1 auditor| KPMG Réviseurs d'EntreprisesCurrent Auditor | 26-06-2026 → present |
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Recognitions · licences · registrations
Food safety, FASFC
1 siteBruxelles2.255.132.610
Legal Entity Identifier
5299007UASTGLP86CF79
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Of 1,256 companies in sector 94110 we hold annual accounts for 579. 474 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formCooperative company
Founded23-06-2016
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
94110Activities of business and employers' organisations
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.