GFR Elektro
ActiveThe computed 12-month bankruptcy probability of GFR Elektro is 2.1% (moderate). The 2025 annual accounts show equity of €31k and a net result of €6k. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 43% of 27787 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+71
Solvency66▲+1
Growth52=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.5 in 2024; short-term debt: 55.6% and cash: 57.6% of total assets), but 58.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · 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
41.1%
Return on assets
8.3%
Age of the figures
9 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
23 d early
2024
12 d late
2023
33 d early
2022
32 d early
2021
58 d late
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€31k▲ 25.3%
2024 · €25k
2021: €21k
2022: €26k
2023: €30k
2024: €25k
2021 → 2025
Total assets
€76k▲ 21.6%
2024 · €63k
2021: €46k
2022: €55k
2023: €72k
2024: €63k
2021 → 2025
Net result
€6k
2024 · €-5k
2021: €15k
2022: €5k
2023: €4k
2024: €-5k
2021 → 2025
Working capital
€25k▲ 42.8%
2024 · €17k
2021: €22k
2022: €22k
2023: €26k
2024: €17k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21k-€26k▲ 23.4%€30k▲ 14.8%€25k▼ 17.8%€31k▲ 25.3%
Operating result€21k-€7k▼ 66.5%€6k▼ 20.1%€-5k€7k
Net result€15k-€5k▼ 67.5%€4k▼ 21.8%€-5k€6k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7k after a loss of €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76k
Fixed assets
€9k▼ 14.9%
Current assets
€67k▲ 29.0%
Equity and liabilities €76k
Equity
€31k▲ 25.3%
Debt
€45k▲ 19.2%
The debt ratio falls from 60.1% to 58.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11k▲
2024 · €-2k
Cash flow
€10k▲
2024 · €-2k
Solvency
41.1%▲
2024 · 39.9%
Current ratio
1.59▲
2024 · 1.50
Quick ratio
1.39▲
2024 · 1.26
Debt / equity
1.43▼
2024 · 1.51
ROE
20.2%▲
2024 · -21.7%
ROA
8.3%▲
2024 · -8.7%
Interest coverage
45.93▲
2024 · -9.56
Debt
€45k▲
2024 · €38k
Debt ≤ 1 year
€42k▲
2024 · €35k
Income taxes
€403
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€63k€76k▲
Fixed assets21/28€11k€9k▼
Tangible fixed assets22/27€11k€9k▼
Plant, machinery and equipment23€7k€7k▲
Furniture and vehicles24€4k€2k▼
Current assets29/58€52k€67k▲
Stocks and contracts in progress3€8k€8k▼
Stocks30/36€8k€8k▼
Amounts receivable within one year40/41€16k€11k▼
Trade receivables40€14k€7k▼
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€22k€44k▲
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€63k€76k▲
Equity10/15€25k€31k▲
Contributions10/11€6k€6k=
Reserves13€24k€25k▲
Distributable reserves133€24k€25k▲
Profit (loss) carried forward14€-5k-
Amounts payable17/49€38k€45k▲
Amounts payable within one year42/48€35k€42k▲
Trade debts44€15k€21k▲
Suppliers440/4€15k€21k▲
Taxes, remuneration and social security45€2k-
Taxes450/3€2k-
Other amounts payable47/48€18k€22k▲
Accrued charges and deferred income492/3€3k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€511€467▼
Non-recurring operating charges66A€2k-
Gross operating margin9900€290€11k▲
Operating profit (loss)9901€-5k€7k▲
Financial income75/76B€40€159▲
Recurring financial income75€40€159▲
Financial charges65/66B€181€238▲
Recurring financial charges65€181€238▲
Profit (loss) for the period before taxes9903€-5k€7k▲
Income taxes67/77-€403
Profit (loss) for the period9904€-5k€6k▲
Profit (loss) for the period to be appropriated9905€-5k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€890▲
Profit (loss) brought forward from the previous period14P-€-5k
Transfer to equity691/2-€890
To other reserves6921-€890
The notes to these accounts (7 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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
31-12
Financial
Weakest financial yearnet €-5k ▼238%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Linter · 1 establishment unit since 2020
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.
Grote Steenweg(NRL) 2313350 LinterGround area
500 m²
Building footprint
298 m²
Volume, LiDAR
1,699 m³
Parcel 24022D0028/00N000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GFR Elektro
since 20202.311.505.050
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24022D0028/00N000 | Flanders | 500 m² | 1 · 297 m² | 9.8 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLinter2.311.505.050
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 4,076 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-12-2020
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
46431Wholesale of electrical household appliances and audio-video equipment
47400Retail sale of information and communication equipment
47430Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:gfr.elektro@hotmail.com