OVELEC
ActiveSummary
OVELEC has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.12M and a net result of €104k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 50% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-6
Solvency69▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 1.96 against 2.32 in 2024; short-term debt: 29.4% and cash: 10.1% of total assets), but 55.9% of the assets are financed with debt.
Credit check 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 · 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
44.1%
Return on assets
4.1%
Age of the figures
9 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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
2025
28 d late
2024
27 d late
2023
30 d late
2022
21 d early
2021
2 d late
2020
31 d late
2019
79 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€104k▼ 53.7%
2024 · €225k
2018: €93k
2019: €155k
2020: €116k
2021: €112k
2022: €127k
2023: €330k
2024: €225k
2018 → 2025
Working capital
€715k▼ 5.0%
2024 · €753k
2018: €330k
2019: €395k
2020: €610k
2021: €549k
2022: €797k
2023: €743k
2024: €753k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€658k-€763k▲ 15.9%€1.02M▲ 33.8%€1.20M▲ 17.5%€1.12M▼ 6.9%
Operating result€142k-€179k▲ 26.2%€461k▲ 158%€319k▼ 30.8%€154k▼ 51.8%
Net result€112k-€127k▲ 13.7%€330k▲ 159%€225k▼ 31.9%€104k▼ 53.7%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 52% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.53M
Fixed assets
€1.07M ▼ 2.1%
Current assets
€1.46M ▲ 10.4%
Equity and liabilities €2.53M
Equity
€1.12M ▼ 6.9%
Debt
€1.42M ▲ 16.2%
Debt's share of the balance-sheet total rises from 50.4% to 55.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€325k▼
2024 · €464k
Cash flow
€275k▼
2024 · €369k
Current ratio
1.96▼
2024 · 2.32
Quick ratio
1.76▼
2024 · 2.15
Debt to equity
1.27▲
2024 · 1.02
ROE
9.3%▼
2024 · 18.7%
ROA
4.1%▼
2024 · 9.3%
Interest coverage
12.31▼
2024 · 18.36
Debt ≤ 1 year
€745k▲
2024 · €570k
Debt > 1 year
€672k▲
2024 · €649k
Income taxes
€38k▼
2024 · €85k
Staff costs
€1.27M▲
2024 · €1.07M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.42M€2.53M▲
Fixed assets21/28€1.10M€1.07M▼
Intangible fixed assets21€21k€11k▼
Tangible fixed assets22/27€1.07M€1.06M▼
Land and buildings22€727k€687k▼
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24€338k€367k▲
Financial fixed assets28€300€300=
Current assets29/58€1.32M€1.46M▲
Amounts receivable after more than one year29€493k€513k▲
Other amounts receivable291€493k€513k▲
Stocks and contracts in progress3€97k€152k▲
Stocks30/36€97k€152k▲
Amounts receivable within one year40/41€370k€469k▲
Trade receivables40€296k€398k▲
Other amounts receivable41€73k€71k▼
Current investments50/53€200k-
Cash at bank and in hand54/58€108k€256k▲
Deferred charges and accrued income490/1€55k€71k▲
Equity and liabilities
Total equity and liabilities10/49€2.42M€2.53M▲
Equity10/15€1.20M€1.12M▼
Contributions10/11€6k€6k=
Reserves13€1.19M€1.10M▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€1.18M€1.10M▼
Investment grants15€7k€6k▼
Amounts payable17/49€1.22M€1.42M▲
Amounts payable after more than one year17€649k€672k▲
Financial debts170/4€649k€672k▲
Amounts payable within one year42/48€570k€745k▲
Current portion of amounts payable after more than one year42€112k€126k▲
Trade debts44€250k€237k▼
Suppliers440/4€250k€237k▼
Taxes, remuneration and social security45€154k€185k▲
Taxes450/3€8k€9k▲
Remuneration and social security454/9€146k€176k▲
Other amounts payable47/48€53k€198k▲
Accrued charges and deferred income492/3€600-
Income statement
Code20242025
Remuneration, social security and pensions62€1.07M€1.27M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€145k€171k▲
Other operating charges640/8€10k€12k▲
Gross operating margin9900€1.54M€1.61M▲
Operating profit (loss)9901€319k€154k▼
Financial income75/76B€16k€15k▼
Recurring financial income75€16k€15k▼
Financial charges65/66B€25k€26k▲
Recurring financial charges65€25k€26k▲
Profit (loss) for the period before taxes9903€310k€142k▼
Income taxes67/77€85k€38k▼
Profit (loss) for the period9904€225k€104k▼
Profit (loss) for the period to be appropriated9905€225k€104k▼
Appropriation of the result
Profit (loss) to be appropriated9906€225k€104k▼
Transfer from equity791/2€25k€166k▲
Transfer to equity691/2€205k€84k▼
To other reserves6921€205k€84k▼
Profit to be distributed694/7€45k€186k▲
Return on contributions (dividend)694€25k€166k▲
Directors or managers695€20k€20k=
Social balance
Average headcount (FTE)908730.632.1▲
The notes to these accounts (13 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €330k ▲159%
Operating result €461k, net result €330k, both a record.
31-12
Financial
Equity above €1MEq €1.02M ▲33.8%
6 profitable years in a row build equity to €1.02M.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Equity above €500kEq €569k ▲14.1%
3 profitable years in a row build equity to €569k.
13-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Visé · 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.
Rue de Housse(RIC) 324600 ViséGround area
1,046 m²
Building footprint
207 m²
Volume, LiDAR
1,359 m³
2 parcels, Wallonia · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
OVELEC SPRL
since 20062.156.098.677
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62085A0376/00Z000 | Wallonia | 738 m² | 1 · 136 m² | 8.2 m · 2 fl. |
| 62049A0774/00C002 | Wallonia | 308 m² | 1 · 71 m² | 8.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
1 categoryOVELEC SRL42469
Similar companies · same sector, comparable size
JEAN-MARC ROUSSEAU
BE 0447.929.271
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MISSTIKA
BE 0897.382.335
Veurne · Eq €1,112,387
LANNEAU KURT
BE 0663.587.787
Anzegem · Eq €1,109,589
FRANCIS D HONDT
BE 0600.881.940
Brugge · Eq €1,109,334
ALL ACCESS
BE 0473.936.852
Braine-l'Alleud · Eq €1,125,139
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 4,336 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded30-05-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.