INELEC ELECTRO
ActiveINELEC ELECTRO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €93k and a net result of €105k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 25% of 54 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2026
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability100=
Solvency62▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.57 in 2025; short-term debt: 62.7% and cash: 52.6% of total assets), but 62.8% 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 2026Solvency, return and age of the figures
Solvency
37.2%
Return on assets
42.1%
Age of the figures
6 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 54 sector peers (2026).
NBB · sector comparisonPosition among 54 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 14-09-2026, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
47 d early
2025
46 d early
2024
45 d early
2023
7 d early
2022
2 d late
2021
108 d early
2020
5 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, abbreviated schema
Equity
€93k▲ 3.0%
2025 · €90k
2019: €74k
2020: €76k
2021: €78k
2022: €79k
2023: €80k
2024: €86k
2025: €90k
2019 → 2026
Total assets
€249k▲ 0.1%
2025 · €248k
2019: €244k
2020: €201k
2021: €170k
2022: €174k
2023: €171k
2024: €324k
2025: €248k
2019 → 2026
Net result
€105k▼ 12.4%
2025 · €119k
2019: €70k
2020: €80k
2021: €53k
2022: €56k
2023: €53k
2024: €183k
2025: €119k
2019 → 2026
Working capital
€93k▲ 2.8%
2025 · €90k
2019: €75k
2020: €77k
2021: €78k
2022: €79k
2023: €80k
2024: €87k
2025: €90k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€79k-€80k▲ 1.8%€86k▲ 7.7%€90k▲ 4.0%€93k▲ 3.0%
Operating result€59k-€55k▼ 6.2%€187k▲ 239%€122k▼ 34.6%€108k▼ 11.8%
Net result€56k-€53k▼ 4.9%€183k▲ 243%€119k▼ 34.8%€105k▼ 12.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2026 is 12% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €249k
Equity
€93k▲ 3.0%
Debt
€156k▼ 1.5%
The debt ratio falls from 63.8% to 62.8%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
37.2%▲
2025 · 36.2%
Current ratio
1.59▲
2025 · 1.57
Quick ratio
1.59▲
2025 · 1.57
Debt / equity
1.69▼
2025 · 1.76
ROE
113.1%▼
2025 · 133.0%
ROA
42.1%▼
2025 · 48.1%
Debt
€156k▼
2025 · €159k
Debt ≤ 1 year
€156k▼
2025 · €158k
Income taxes
€3k▲
2025 · €2k
Staff costs
€285k▲
2025 · €231k
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€248k€249k▲
Current assets29/58€248k€249k▲
Amounts receivable within one year40/41€182k€118k▼
Trade receivables40€170k€115k▼
Other amounts receivable41€11k€3k▼
Cash at bank and in hand54/58€67k€131k▲
Equity and liabilities
Total equity and liabilities10/49€248k€249k▲
Equity10/15€90k€93k▲
Contributions10/11€11k€11k=
Reserves13€79k€81k▲
Distributable reserves133€79k€81k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€159k€156k▼
Amounts payable within one year42/48€158k€156k▼
Trade debts44€26k€6k▼
Suppliers440/4€26k€6k▼
Taxes, remuneration and social security45€14k€46k▲
Taxes450/3€3k€4k▲
Remuneration and social security454/9€11k€42k▲
Other amounts payable47/48€119k€104k▼
Accrued charges and deferred income492/3€302€192▼
Income statement
Code20252026
Remuneration, social security and pensions62€231k€285k▲
Other operating charges640/8€683€699▲
Gross operating margin9900€354k€393k▲
Operating profit (loss)9901€122k€108k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€342€234▼
Recurring financial charges65€342€234▼
Profit (loss) for the period before taxes9903€122k€107k▼
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€119k€105k▼
Profit (loss) for the period to be appropriated9905€119k€105k▼
Appropriation of the result
Profit (loss) to be appropriated9906€119k€105k▼
Transfer to equity691/2€3k€3k▼
To other reserves6921€3k€3k▼
Profit to be distributed694/7€116k€102k▼
Directors or managers695€116k€102k▼
Social balance
Average headcount (FTE)90873.94.5▲
The notes to these accounts (2 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 2027, expected by
2026
14-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2019net €183k ▲243%
Operating result €187k, net result €183k, both a record.
2023
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Weakest financial yearnet €53k ▼33.5%
Net result drops to €53k, the lowest in the series; recovery starts the following year.
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
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, Oudenaarde · 1 establishment unit since 1999
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.
Heurnestraat 499700 OudenaardeGround area
3,312 m²
Building footprint
276 m²
Volume, LiDAR
1,895 m³
Parcel 45502A0671/00F003, Flanders · tallest building 14.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Heurnestraat 49, 9700 Oudenaarde
since 19992.076.282.921
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45502A0671/00F003 | Flanders | 3,312 m² | 1 · 276 m² | 14.4 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.
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Nico Meersman BV
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EMC Electro-Techniek
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NEF Infra Technics
BE 0742.934.381
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 8,821 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-04-1996
Fiscal year end31-03
Activities, NACEBEL
43211General electrical installation work
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.