HAYELEC
ActiveHAYELEC has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €146k and a net result of €45k. Equity is growing by ~23.3% per year across the filed fiscal years. Its solvency ranks better than 75% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability96▲+26
Solvency94▲+33
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 3.71 against 1.46 in 2023; short-term debt: 18.3% and cash: 8% of total assets), and 30.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
69.4%
Return on assets
21.5%
Age of the figures
24 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 31-05-2025, 31 days 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
2024
31 d late
2023
60 d late
2022
29 d late
2021
28 d late
2020
29 d late
2019
58 d late
2018
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€146k▲ 45.0%
2023 · €101k
2019: €30k
2020: €49k
2021: €97k
2022: €99k
2023: €101k
2019 → 2024
Total assets
€211k▼ 25.7%
2023 · €284k
2019: €138k
2020: €177k
2021: €259k
2022: €278k
2023: €284k
2019 → 2024
Net result
€45k▲ 1,979%
2023 · €2k
2019: €6k
2020: €19k
2021: €48k
2022: €2k
2023: €2k
2019 → 2024
Working capital
€105k▲ 70.5%
2023 · €61k
2019: €16k
2020: €34k
2021: €55k
2022: €65k
2023: €61k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€49k-€97k▲ 96.7%€99k▲ 1.9%€101k▲ 2.2%€146k▲ 45.0%
Operating result€30k-€68k▲ 124%€3k▼ 95.1%€7k▲ 96.9%€66k▲ 907%
Net result€19k-€48k▲ 152%€2k▼ 96.2%€2k▲ 20.3%€45k▲ 1,979%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 907% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €211k
Fixed assets
€68k▼ 25.0%
Current assets
€143k▼ 26.0%
Equity and liabilities €211k
Equity
€146k▲ 45.0%
Debt
€65k▼ 64.7%
The debt ratio falls from 64.5% to 30.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€90k▲
2023 · €26k
Cash flow
€70k▲
2023 · €22k
Solvency
69.4%▲
2023 · 35.5%
Current ratio
3.71▲
2023 · 1.46
Quick ratio
3.71▲
2023 · 1.46
Debt / equity
0.44▼
2023 · 1.81
ROE
31.0%▲
2023 · 2.2%
ROA
21.5%▲
2023 · 0.8%
Interest coverage
25.20▲
2023 · 11.61
Debt
€65k▼
2023 · €183k
Debt ≤ 1 year
€39k▼
2023 · €132k
Debt > 1 year
€26k▼
2023 · €50k
Income taxes
€20k▲
2023 · €4k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€284k€211k▼
Fixed assets21/28€90k€68k▼
Tangible fixed assets22/27€90k€68k▼
Land and buildings22€9k€8k▼
Plant, machinery and equipment23€12k€11k▼
Furniture and vehicles24€69k€49k▼
Current assets29/58€194k€143k▼
Amounts receivable within one year40/41€172k€124k▼
Trade receivables40€96k€40k▼
Other amounts receivable41€76k€84k▲
Cash at bank and in hand54/58€13k€17k▲
Deferred charges and accrued income490/1€9k€2k▼
Equity and liabilities
Total equity and liabilities10/49€284k€211k▼
Equity10/15€101k€146k▲
Contributions10/11€7k€7k=
Reserves13€79k€124k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€77k€124k▲
Profit (loss) carried forward14€16k€16k=
Amounts payable17/49€183k€65k▼
Amounts payable after more than one year17€50k€26k▼
Financial debts170/4€50k€26k▼
Amounts payable within one year42/48€132k€39k▼
Current portion of amounts payable after more than one year42€25k€25k▲
Trade debts44€76k€1k▼
Suppliers440/4€76k€1k▼
Advances received on contracts in progress46€31k-
Taxes, remuneration and social security45€500€12k▲
Remuneration and social security454/9€500€12k▲
Accrued charges and deferred income492/3€695-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€24k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€28k€92k▲
Operating profit (loss)9901€7k€66k▲
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€6k€66k▲
Income taxes67/77€4k€20k▲
Profit (loss) for the period9904€2k€45k▲
Profit (loss) for the period to be appropriated9905€2k€45k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€61k▲
Profit (loss) brought forward from the previous period14P€16k€16k=
Transfer to equity691/2€2k€45k▲
To other reserves6921€2k€45k▲
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
2025
31-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
30-09
Financial
Liquidity triplescurrent ratio 3.71
Current ratio from 1.46 to 3.71; short-term debt falls from €132k to €39k.
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 60 days late
2023
31-08
Financial
Equity above €100kEq €101k ▲2.2%
5 profitable years in a row build equity to €101k.
29-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-08
Financial
Weakest financial yearnet €2k ▼96.2%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
31-08
Financial
Highest result since 2019net €48k ▲152%
Operating result €68k, net result €48k, both a record.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 58 days late
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
28-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Gingelom · 1 establishment unit since 2012
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.
Houtstraat 293890 GingelomGround area
763 m²
Building footprint
280 m²
Parcel 71026A0200/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
HAYELEC
since 20122.215.494.450
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71026A0200/00E000 | Flanders | 763 m² | 1 · 280 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 405 EUR awarded · 345 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 60 EUR | 0 EUR |
| 2022 | 1 | 345 EUR | 345 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
1 endedSimilar companies · same sector, comparable size
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Electraflash 2000
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Estinnes · Eq €146k
Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 8,624 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-08-2012
Fiscal year end30-09
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43310Plastering work
Sources
Crossroads Bank for EnterprisesNational Bank · 12 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.