N.R.S ELECTRONICS
ActiveN.R.S ELECTRONICS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.84M and a net result of €380k. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 85% of 123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+4
Solvency100=
Growth75=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity ample (current ratio 12.26 against 8.76 in 2024), and 13.1% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 26
Relative position
BE, all sectors
reference
Sector 26
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
86.9%
Return on assets
17.9%
Age of the figures
11 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 07-04-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
34 d early
2023
22 d early
2022
36 d early
2021
30 d early
2020
30 d early
2019
43 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.56M▲ 13.3%
2022 · €1.38M
2018: €945k
2019: €1.07M
2020: €989k
2021: €1.04M
2022: €1.38M
2018 → 2023
EBIT margin
43.6%▲ 12.2pp
2022 · 31.4%
2018: 25.4%
2019: 37.3%
2020: 18.5%
2021: 32.7%
2022: 31.4%
2018 → 2023
Net result
€380k▲ 15.7%
2024 · €328k
2018: €122k
2019: €235k
2020: €102k
2021: €211k
2022: €278k
2023: €454k
2024: €328k
2018 → 2025
Working capital
€1.65M▲ 11.0%
2024 · €1.49M
2018: €730k
2019: €931k
2020: €956k
2021: €1.03M
2022: €1.19M
2023: €1.35M
2024: €1.49M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.04M-€1.38M▲ 32.6%€1.56M▲ 13.3%
Equity€1.04M-€1.18M▲ 13.1%€1.51M▲ 28.7%€1.71M▲ 12.9%€1.84M▲ 7.8%
Operating result€340k-€433k▲ 27.6%€682k▲ 57.3%€483k▼ 29.1%€568k▲ 17.6%
Net result€211k-€278k▲ 31.6%€454k▲ 63.3%€328k▼ 27.7%€380k▲ 15.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 18% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.12M
Fixed assets
€320k▼ 21.5%
Current assets
€1.80M▲ 7.1%
Equity and liabilities €2.12M
Equity
€1.84M▲ 7.8%
Debt
€277k▼ 26.8%
The debt ratio falls from 18.1% to 13.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€663k▲
2024 · €583k
Cash flow
€475k▲
2024 · €428k
Solvency
86.9%▲
2024 · 81.9%
Current ratio
12.26▲
2024 · 8.76
Quick ratio
2.78▲
2024 · 1.70
Debt / equity
0.15▼
2024 · 0.22
ROE
20.6%▲
2024 · 19.2%
ROA
17.9%▲
2024 · 15.7%
Interest coverage
28.11▲
2024 · 25.97
Debt
€277k▼
2024 · €378k
Debt ≤ 1 year
€147k▼
2024 · €192k
Debt > 1 year
€130k▼
2024 · €186k
Income taxes
€170k▲
2024 · €139k
Staff costs
€227k▼
2024 · €234k
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€2.09M€2.12M▲
Fixed assets21/28€407k€320k▼
Intangible fixed assets21€2k€308▼
Tangible fixed assets22/27€405k€319k▼
Land and buildings22€237k€195k▼
Plant, machinery and equipment23€100k€74k▼
Furniture and vehicles24€68k€51k▼
Leasing and similar rights25€0-
Other tangible fixed assets26€0-
Current assets29/58€1.68M€1.80M▲
Stocks and contracts in progress3€1.35M€1.39M▲
Stocks30/36€1.35M€1.39M▲
Amounts receivable within one year40/41€74k€102k▲
Trade receivables40€56k€86k▲
Other amounts receivable41€18k€16k▼
Cash at bank and in hand54/58€251k€301k▲
Deferred charges and accrued income490/1€0€4k▲
Equity and liabilities
Total equity and liabilities10/49€2.09M€2.12M▲
Equity10/15€1.71M€1.84M▲
Contributions10/11€19k€19k=
Reserves13€1.69M€1.82M▲
Distributable reserves133€1.69M€1.82M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€378k€277k▼
Amounts payable after more than one year17€186k€130k▼
Financial debts170/4€186k€130k▼
Amounts payable within one year42/48€192k€147k▼
Current portion of amounts payable after more than one year42€82k€56k▼
Financial debts43€34k€16k▼
Other loans439€34k€16k▼
Trade debts44€16k€27k▲
Suppliers440/4€16k€27k▲
Taxes, remuneration and social security45€49k€37k▼
Taxes450/3€22k€7k▼
Remuneration and social security454/9€27k€30k▲
Other amounts payable47/48€11k€11k▲
Accrued charges and deferred income492/3€38€0▼
Income statement
Code20242025
Non-recurring operating income76A€11k€0▼
Remuneration, social security and pensions62€234k€227k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€99k€95k▼
Other operating charges640/8€8k€8k▼
Non-recurring operating charges66A€1k€0▼
Gross operating margin9900€826k€899k▲
Operating profit (loss)9901€483k€568k▲
Financial income75/76B€6k€5k▼
Recurring financial income75€6k€5k▼
Financial charges65/66B€22k€24k▲
Recurring financial charges65€22k€24k▲
Profit (loss) for the period before taxes9903€467k€550k▲
Income taxes67/77€139k€170k▲
Profit (loss) for the period9904€328k€380k▲
Profit (loss) for the period to be appropriated9905€328k€380k▲
Appropriation of the result
Profit (loss) to be appropriated9906€328k€380k▲
Transfer from equity791/2€122k€235k▲
Transfer to equity691/2€317k€367k▲
To other reserves6921€317k€367k▲
Profit to be distributed694/7€133k€247k▲
Return on contributions (dividend)694€122k€235k▲
Employees696€11k€12k▲
Social balance
Average headcount (FTE)90873.73.2▼
The notes to these accounts (18 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
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2018net €454k ▲63.3%
Operating result €682k, net result €454k, both a record.
25-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €1MEq €1.04M ▲17%
4 profitable years in a row build equity to €1.04M.
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €102k ▼56.4%
Net result drops to €102k, the lowest in the series; recovery starts the following year.
18-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Tongeren-Borgloon · 1 establishment unit since 2006
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.
Gasthuisbosdreef 283700 Tongeren-BorgloonGround area
1,780 m²
Building footprint
855 m²
Volume, LiDAR
5,205 m³
Parcel 73347A0035/00V000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
N.R.S. ELECTRONICS BVBA
since 20062.152.623.109
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73347A0035/00V000 | Flanders | 1,780 m² | 1 · 855 m² | 7.4 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 5,319 EUR awarded · 5,319 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 4,623 EUR | 4,623 EUR |
| 2022 | 1 | 696 EUR | 696 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
SOLITHERM
BE 0406.724.760
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INARTI
BE 0435.388.260
Willebroek · Eq €1.90M
Carobati
BE 0406.076.246
Aartselaar · Eq €1.92M
PRODON
BE 0421.620.297
Kalmthout · Eq €1.77M
GLASCENTRALE
BE 0859.823.044
Wevelgem · Eq €1.72M
Of 246 companies in sector 26110 we hold annual accounts for 180. 91 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-03-2006
Fiscal year end30-09
Activities, NACEBEL
26110Manufacture of computer, electronic and optical products
72220
95100Repair and maintenance of computers and communication equipment
95110Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
26120Manufacture of computer, electronic and optical products
27320Manufacture of electrical equipment
27900Manufacture of electrical equipment
32990Other manufacturing not elsewhere classified
33120Repair and maintenance of machinery
33130Repair, maintenance and installation of machinery and equipment
33140Repair and maintenance of electrical equipment
46500Wholesale of information and communication equipment
46510Wholesale trade
47400Retail sale of information and communication equipment
47410Retail trade
52487
62020IT consultancy
62200Computer consultancy and computer facilities management
72500
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.