PV ELEKTRO
ActivePV ELEKTRO has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €260k and a net result of €66k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 80% of 27358 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+53
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 3.74 against 5.27 in 2024), and 24.3% 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+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
75.7%
Return on assets
19.3%
Age of the figures
8 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 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
29 d early
2023
26 d early
2022
31 d early
2021
6 d early
2020
17 d early
2019
17 d early
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€260k▲ 18.6%
2024 · €219k
2018: €117k
2019: €121k
2020: €162k
2021: €123k
2022: €161k
2023: €215k
2024: €219k
2018 → 2025
Total assets
€343k▲ 21.1%
2024 · €284k
2018: €187k
2019: €203k
2020: €221k
2021: €255k
2022: €311k
2023: €310k
2024: €284k
2018 → 2025
Net result
€66k▲ 219%
2024 · €21k
2018: €16k
2019: €25k
2020: €40k
2021: €-9k
2022: €39k
2023: €60k
2024: €21k
2018 → 2025
Working capital
€192k▲ 24.2%
2024 · €154k
2018: €96k
2019: €116k
2020: €130k
2021: €92k
2022: €160k
2023: €151k
2024: €154k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€123k-€161k▲ 30.7%€215k▲ 33.5%€219k▲ 1.9%€260k▲ 18.6%
Operating result€-10k-€54k€88k▲ 63.9%€42k▼ 52.5%€99k▲ 135%
Net result€-9k-€39k€60k▲ 55.1%€21k▼ 65.4%€66k▲ 219%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 135% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €343k
Fixed assets
€82k▼ 11.9%
Current assets
€261k▲ 37.3%
Equity and liabilities €343k
Equity
€260k▲ 18.6%
Debt
€84k▲ 30.0%
The debt ratio rises from 22.7% to 24.3%: debt grows faster than equity.
Key figures and ratios
EBITDA
€113k▲
2024 · €56k
Cash flow
€81k▲
2024 · €35k
Solvency
75.7%▼
2024 · 77.3%
Current ratio
3.74▼
2024 · 5.27
Quick ratio
3.11▼
2024 · 3.31
Debt / equity
0.32▲
2024 · 0.29
ROE
25.5%▲
2024 · 9.5%
ROA
19.3%▲
2024 · 7.3%
Interest coverage
22.37▲
2024 · 4.95
Debt
€84k▲
2024 · €64k
Debt ≤ 1 year
€70k▲
2024 · €36k
Debt > 1 year
€12k▼
2024 · €23k
Income taxes
€28k▲
2024 · €10k
Staff costs
€84k▲
2024 · €71k
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€284k€343k▲
Fixed assets21/28€93k€82k▼
Tangible fixed assets22/27€93k€82k▼
Land and buildings22€48k€46k▼
Plant, machinery and equipment23€15k€14k▼
Furniture and vehicles24€30k€23k▼
Current assets29/58€190k€261k▲
Stocks and contracts in progress3€71k€44k▼
Stocks30/36€19k€17k▼
Contracts in progress37€52k€28k▼
Amounts receivable within one year40/41€53k€115k▲
Trade receivables40€20k€70k▲
Other amounts receivable41€33k€45k▲
Cash at bank and in hand54/58€23k€68k▲
Deferred charges and accrued income490/1€44k€34k▼
Equity and liabilities
Total equity and liabilities10/49€284k€343k▲
Equity10/15€219k€260k▲
Contributions10/11€6k€6k=
Reserves13€213k€254k▲
Distributable reserves133€213k€254k▲
Amounts payable17/49€64k€84k▲
Amounts payable after more than one year17€23k€12k▼
Financial debts170/4€23k€12k▼
Amounts payable within one year42/48€36k€70k▲
Current portion of amounts payable after more than one year42€16k€10k▼
Trade debts44€10k€42k▲
Suppliers440/4€10k€42k▲
Taxes, remuneration and social security45€4k€16k▲
Taxes450/3€2k€9k▲
Remuneration and social security454/9€2k€7k▲
Other amounts payable47/48€6k€2k▼
Accrued charges and deferred income492/3€6k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62€71k€84k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5k€-5k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€134k€195k▲
Operating profit (loss)9901€42k€99k▲
Financial income75/76B€244€775▲
Recurring financial income75€244€775▲
Financial charges65/66B€11k€5k▼
Recurring financial charges65€11k€5k▼
Profit (loss) for the period before taxes9903€31k€94k▲
Income taxes67/77€10k€28k▲
Profit (loss) for the period9904€21k€66k▲
Profit (loss) for the period to be appropriated9905€21k€66k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€66k▲
Transfer from equity791/2€17k€25k▲
Transfer to equity691/2€21k€66k▲
To other reserves6921€21k€66k▲
Profit to be distributed694/7€17k€25k▲
Return on contributions (dividend)694€17k€25k▲
The notes to these accounts (12 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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €66k ▲219%
Operating result €99k, net result €66k, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €215k ▲33.5%
2 profitable years in a row build equity to €215k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
31-12
Financial
Equity above €150kEq €161k ▲30.7%
Equity rises from €123k to €161k.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-9k ▼122%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €162k ▲33.3%
3 profitable years in a row build equity to €162k.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Torhout · 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.
Oostendestraat 2468820 TorhoutGround area
884 m²
Building footprint
89 m²
Volume, LiDAR
546 m³
Parcel 31033I0573/00B009, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PV ELEKTRO
since 20122.211.294.845
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31033I0573/00B009 | Flanders | 884 m² | 1 · 89 m² | 8.2 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.
Recognitions · licences · registrations
Dual-learning approval
4 live approvalsElektrische installaties duaal (so)
Elektrotechnisch installateur (vwo)
Technicus gebouwenautomatisering en energiemanagement duaal (so)
Technicus hernieuwbare energietechnieken duaal (so)
Similar companies · same sector, comparable size
VANHECKE Electricité
BE 0806.283.992
Mouscron · Eq €260k
Anseeuw
BE 0458.625.797
Staden · Eq €260k
JAMY SOLUTIONS
BE 0793.621.237
Aalst · Eq €260k
Electriciteitswerken Bart Almeye
BE 0808.537.461
Nazareth-De Pinte · Eq €260k
ELECTRICITE, TRAVAUX et TECHNIQUE
BE 0452.500.446
Hannut · Eq €260k
Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 7,803 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-04-2012
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.