FV ELECTRICS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 05-12-2025 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is 16% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|
| Tangible fixed assets | €76,821 | €2,134 | €366,028 |
| Financial fixed assets | €900 | - | - |
| Depreciation and write-downs of the year | €9,772 | €21,983 | €32,108 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €123 awarded · €123 paid| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €10,733 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,772 | €21,983 | €32,108 | ▲ 46.1% |
| Other operating charges640/8 | €1,062 | €896 | €1,967 | ▲ 120% |
| Gross operating margin9900 | €41,215 | €80,644 | €82,507 | ▲ 2.3% |
| Operating profit (loss)9901 | €30,381 | €57,766 | €48,432 | ▼ 16.2% |
| Financial income75/76B | €123 | €13 | €568 | ▲ 42× |
| Recurring financial income75 | €123 | €13 | €568 | ▲ 42× |
| Financial charges65/66B | €746 | €1,084 | €8,950 | ▲ 726% |
| Recurring financial charges65 | €746 | €1,084 | €8,950 | ▲ 726% |
| Profit (loss) for the period before taxes9903 | €29,758 | €56,695 | €40,049 | ▼ 29.4% |
| Income taxes67/77 | €7,640 | €14,814 | €9,785 | ▼ 34.0% |
| Profit (loss) for the period9904 | €22,118 | €41,881 | €30,264 | ▼ 27.7% |
| Profit (loss) for the period to be appropriated9905 | €22,118 | €41,881 | €30,264 | ▼ 27.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €121,074 | €153,127 | €462,073 | ▲ 202% |
| Fixed assets21/28 | €67,949 | €48,100 | €372,092 | ▲ 674% |
| Tangible fixed assets22/27 | €67,049 | €47,200 | €371,192 | ▲ 686% |
| Land and buildings22 | - | - | €304,901 | - |
| Plant, machinery and equipment23 | €1,048 | €2,481 | €5,002 | ▲ 102% |
| Furniture and vehicles24 | €66,001 | €44,719 | €61,290 | ▲ 37.1% |
| Financial fixed assets28 | €900 | €900 | €900 | = |
| Current assets29/58 | €53,125 | €105,026 | €89,980 | ▼ 14.3% |
| Stocks and contracts in progress3 | €12,012 | €14,767 | €18,408 | ▲ 24.7% |
| Stocks30/36 | €12,012 | €14,767 | €18,408 | ▲ 24.7% |
| Amounts receivable within one year40/41 | €23,469 | €13,915 | €15,027 | ▲ 8.0% |
| Trade receivables40 | €18,983 | €11,311 | €11,066 | ▼ 2.2% |
| Other amounts receivable41 | €4,486 | €2,603 | €3,961 | ▲ 52.2% |
| Cash at bank and in hand54/58 | €17,643 | €76,345 | €56,545 | ▼ 25.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €121,074 | €153,127 | €462,073 | ▲ 202% |
| Equity10/15 | €27,118 | €68,998 | €99,263 | ▲ 43.9% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €22,118 | €63,998 | €94,263 | ▲ 47.3% |
| Distributable reserves133 | €22,118 | €63,998 | €94,263 | ▲ 47.3% |
| Amounts payable17/49 | €93,956 | €84,128 | €362,810 | ▲ 331% |
| Amounts payable after more than one year17 | €19,346 | €11,855 | €232,971 | ▲ 20× |
| Financial debts170/4 | €19,346 | €11,855 | €232,971 | ▲ 20× |
| Amounts payable within one year42/48 | €74,610 | €72,273 | €129,839 | ▲ 79.6% |
| Current portion of amounts payable after more than one year42 | €7,178 | €7,491 | €21,171 | ▲ 183% |
| Trade debts44 | €5,816 | €15,227 | €9,901 | ▼ 35.0% |
| Suppliers440/4 | €5,816 | €15,227 | €9,901 | ▼ 35.0% |
| Taxes, remuneration and social security45 | €9,640 | €14,814 | €9,789 | ▼ 33.9% |
| Taxes450/3 | €7,640 | €14,814 | €9,789 | ▼ 33.9% |
| Remuneration and social security454/9 | €2,000 | - | - | - |
| Other amounts payable47/48 | €51,975 | €34,740 | €88,978 | ▲ 156% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,118 | €41,881 | €30,264 | ▼ 27.7% |
| + Depreciation and write-downs630 | €9,772 | €21,983 | €32,108 | ▲ 46.1% |
| Operating cash flow (approximation) | €31,889 | €63,863 | €62,372 | ▼ 2.3% |
| Investment in fixed assets (approximation) | - | -€2,134 | -€356,100 | ▼ 16,586% |
| Change in cash | - | €58,701 | -€19,800 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,602 companies had the same profile as FV ELECTRICS has now. Two years later, 96.6% were still going and 2.3% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FV ELECTRICS itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 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 1,602 companies, not a prediction for FV ELECTRICS. 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.