NOV'ELEC
ActiveNOV'ELEC has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68k and a net result of €-1k. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 65% of 27319 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
60
/ 100
Healthy▼ -40 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-66
Solvency80▼-12
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.68 in 2024), and 39.2% 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
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 2025Solvency, return and age of the figures
Solvency
60.8%
Return on assets
-1%
Age of the figures
8 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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
24 d late
2023
19 d late
2022
31 d late
2021
26 d late
2020
31 d late
2019
31 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€68k▼ 1.5%
2024 · €69k
2018: €44k
2019: €32k
2020: €32k
2021: €40k
2022: €56k
2023: €60k
2024: €69k
2018 → 2025
Total assets
€111k▼ 1.8%
2024 · €113k
2018: €57k
2019: €55k
2020: €42k
2021: €59k
2022: €66k
2023: €68k
2024: €113k
2018 → 2025
Net result
€-1k
2024 · €9k
2018: €-4k
2019: €-11k
2020: €-767
2021: €9k
2022: €15k
2023: €4k
2024: €9k
2018 → 2025
Working capital
€4k▼ 71.3%
2024 · €15k
2018: €25k
2019: €16k
2020: €19k
2021: €19k
2022: €27k
2023: €29k
2024: €15k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€56k▲ 38.5%€60k▲ 7.0%€69k▲ 15.1%€68k▼ 1.5%
Operating result€9k-€17k▲ 103%€5k▼ 69.5%€12k▲ 129%€238▼ 98.0%
Net result€9k-€15k▲ 81.1%€4k▼ 74.7%€9k▲ 130%€-1k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 98% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €111k
Fixed assets
€78k▲ 0.4%
Current assets
€34k▼ 6.5%
Equity and liabilities €111k
Equity
€68k▼ 1.5%
Debt
€44k▼ 2.1%
The debt ratio falls from 39.4% to 39.2%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€17k▼
2024 · €24k
Cash flow
€16k▼
2024 · €21k
Solvency
60.8%▲
2024 · 60.6%
Current ratio
1.14▼
2024 · 1.68
Quick ratio
0.91▼
2024 · 1.46
Debt / equity
0.65▼
2024 · 0.65
ROE
-1.6%▼
2024 · 13.1%
ROA
-1.0%▼
2024 · 8.0%
Interest coverage
13.10▼
2024 · 25.17
Debt
€44k▼
2024 · €45k
Debt ≤ 1 year
€29k▲
2024 · €21k
Debt > 1 year
€14k▼
2024 · €23k
Staff costs
€2k▼
2024 · €3k
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€113k€111k▼
Fixed assets21/28€77k€78k▲
Tangible fixed assets22/27€77k€78k▲
Plant, machinery and equipment23€37k€39k▲
Furniture and vehicles24€40k€39k▼
Current assets29/58€36k€34k▼
Stocks and contracts in progress3€5k€7k▲
Stocks30/36€5k€7k▲
Amounts receivable within one year40/41€20k€7k▼
Trade receivables40€11k€3k▼
Other amounts receivable41€10k€4k▼
Cash at bank and in hand54/58€8k€7k▼
Deferred charges and accrued income490/1€3k€13k▲
Equity and liabilities
Total equity and liabilities10/49€113k€111k▼
Equity10/15€69k€68k▼
Contributions10/11€19k€19k=
Reserves13€14k€14k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€13k€13k=
Profit (loss) carried forward14€36k€35k▼
Amounts payable17/49€45k€44k▼
Amounts payable after more than one year17€23k€14k▼
Financial debts170/4€23k€14k▼
Amounts payable within one year42/48€21k€29k▲
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€3k€10k▲
Suppliers440/4€3k€10k▲
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€4k€3k▼
Remuneration and social security454/9€72€449▲
Other amounts payable47/48€6k€7k▲
Income statement
Code20242025
Remuneration, social security and pensions62€3k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€17k▲
Other operating charges640/8€107€63▼
Gross operating margin9900€27k€19k▼
Operating profit (loss)9901€12k€238▼
Financial income75/76B€29€24▼
Recurring financial income75€29€24▼
Financial charges65/66B€951€1k▲
Recurring financial charges65€951€1k▲
Profit (loss) for the period before taxes9903€11k€-1k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€9k€-1k▼
Profit (loss) for the period to be appropriated9905€9k€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€44k€35k▼
Profit (loss) brought forward from the previous period14P€35k€36k▲
Transfer to equity691/2€9k-
To other reserves6921€9k-
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
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €15k ▲81.1%
Operating result €17k, net result €15k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Braine-le-Comte · 1 establishment unit since 1996
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.
Rue de Pied'eau 297090 Braine-le-ComteGround area
1,272 m²
Building footprint
133 m²
Parcel 55036B0196/00X003, Wallonia. Linked by address, not a title deed.
1 establishment unit
NOV'ELEC
since 19962.076.488.601
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55036B0196/00X003 | Wallonia | 1,272 m² | 1 · 133 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.
Similar companies · same sector, comparable size
CJC ELECTRICS AND MORE
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BE 0644.582.420
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FC ENERGY
BE 0678.649.711
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KWANTECH
BE 0793.860.173
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DVR Elektriciteit
BE 0739.836.618
Rumst · Eq €67k
Of 22,728 companies in sector 43211 we hold annual accounts for 10,269. 8,709 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-10-1995
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
42220Construction of utility projects for electricity and telecommunications
43212Electrical installation work in industrial facilities
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.