PVB ELECTRO
ActiveSummary
PVB ELECTRO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53k and a net result of €-13k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 48% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability5▼-67
Solvency70▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity ample (current ratio 1.77 against 1.94 in 2024; short-term debt: 54.8% and cash: 1.6% of total assets), but 54.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
45.2%
Return on assets
-11.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-09-2026, 49 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
49 d late
2024
28 d early
2023
14 d late
2022
49 d late
2021
27 d early
2020
15 d early
2019
35 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€53k▼ 19.8%
2024 · €66k
2018: €44k
2019: €56k▲ +26.3% vs 2018
2020: €39k▼ -29.9% vs 2019lowest in 8 years
2021: €87k▲ +121% vs 2020highest in 8 years
2022: €51k▼ -40.8% vs 2021
2023: €63k▲ +21.5% vs 2022
2024: €66k▲ +6.0% vs 2023
2025: €53k▼ -19.8% vs 2024
2018 → 2025
Total assets
€118k▼ 12.5%
2024 · €135k
2018: €73klowest in 8 years
2019: €96k▲ +31.8% vs 2018
2020: €115k▲ +19.7% vs 2019
2021: €157k▲ +35.8% vs 2020highest in 8 years
2022: €116k▼ -25.6% vs 2021
2023: €118k▲ +1.3% vs 2022
2024: €135k▲ +14.0% vs 2023
2025: €118k▼ -12.5% vs 2024
2018 → 2025
Net result
€-13k
2024 · €4k
2018: €8k
2019: €12k▲ +52.0% vs 2018
2020: €-17k▼ -244% vs 2019
2021: €75k▲ +546% vs 2020highest in 8 years
2022: €-35k▼ -147% vs 2021lowest in 8 years
2023: €11k▲ +131% vs 2022
2024: €4k▼ -65.9% vs 2023
2025: €-13k▼ -449% vs 2024
2018 → 2025
Working capital
€50k▼ 18.2%
2024 · €61k
2018: €36klowest in 8 years
2019: €52k▲ +43.7% vs 2018
2020: €37k▼ -29.3% vs 2019
2021: €80k▲ +119% vs 2020highest in 8 years
2022: €46k▼ -43.2% vs 2021
2023: €57k▲ +26.0% vs 2022
2024: €61k▲ +6.1% vs 2023
2025: €50k▼ -18.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€87k-€51k▼ 40.8%€63k▲ 21.5%€66k▲ 6.0%€53k▼ 19.8%
2021: €87khighest in 5 years
2022: €51k▼ -40.8% vs 2021lowest in 5 years
2023: €63k▲ +21.5% vs 2022
2024: €66k▲ +6.0% vs 2023
2025: €53k▼ -19.8% vs 2024
Operating result€94k-€-35k€12k€5k▼ 61.6%€-11k
2021: €94khighest in 5 years
2022: €-35k▼ -137% vs 2021lowest in 5 years
2023: €12k▲ +135% vs 2022
2024: €5k▼ -61.6% vs 2023
2025: €-11k▼ -345% vs 2024
Net result€75k-€-35k€11k€4k▼ 65.9%€-13k
2021: €75khighest in 5 years
2022: €-35k▼ -147% vs 2021lowest in 5 years
2023: €11k▲ +131% vs 2022
2024: €4k▼ -65.9% vs 2023
2025: €-13k▼ -449% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11k after €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118k
Fixed assets
€3k ▼ 61.5%
Current assets
€114k ▼ 9.1%
Equity and liabilities €118k
Equity
€53k ▼ 19.8%
Debt
€65k ▼ 5.4%
Debt's share of the balance-sheet total rises from 50.7% to 54.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-6k▼
2024 · €10k
Cash flow
€-8k▼
2024 · €9k
Current ratio
1.77▼
2024 · 1.94
Quick ratio
0.77▼
2024 · 0.91
Debt to equity
1.21▲
2024 · 1.03
ROE
-24.7%▼
2024 · 5.7%
ROA
-11.2%▼
2024 · 2.8%
Interest coverage
-3.51▼
2024 · 10.20
Debt ≤ 1 year
€65k▼
2024 · €65k
Staff costs
€66k▲
2024 · €58k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€135k€118k▼
Fixed assets21/28€9k€3k▼
Tangible fixed assets22/27€9k€3k▼
Plant, machinery and equipment23€1k€541▼
Furniture and vehicles24€8k€3k▼
Current assets29/58€126k€114k▼
Stocks and contracts in progress3€67k€65k▼
Stocks30/36€67k€65k▼
Amounts receivable within one year40/41€54k€45k▼
Trade receivables40€46k€45k▼
Other amounts receivable41€7k€5▼
Cash at bank and in hand54/58€2k€2k▲
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€135k€118k▼
Equity10/15€66k€53k▼
Contributions10/11€6k€6k=
Reserves13€81k€81k=
Distributable reserves133€81k€81k=
Profit (loss) carried forward14€-21k€-34k▼
Amounts payable17/49€68k€65k▼
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€65k€65k▼
Current portion of amounts payable after more than one year42€5k€3k▼
Trade debts44€41k€38k▼
Suppliers440/4€41k€38k▼
Taxes, remuneration and social security45€9k€9k▲
Taxes450/3-€203
Remuneration and social security454/9€9k€9k▲
Other amounts payable47/48€10k€14k▲
Accrued charges and deferred income492/3-€33
Income statement
Code20242025
Remuneration, social security and pensions62€58k€66k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Other operating charges640/8€777€367▼
Gross operating margin9900€69k€60k▼
Operating profit (loss)9901€5k€-11k▼
Financial income75/76B€109€40▼
Recurring financial income75€109€40▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€4k€-13k▼
Income taxes67/77€1-
Profit (loss) for the period9904€4k€-13k▼
Profit (loss) for the period to be appropriated9905€4k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-21k€-34k▼
Profit (loss) brought forward from the previous period14P€-24k€-21k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €47k | €53k | €57k | €58k | €66k | ▲ 13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €6k | €6k | €6k | €5k | ▼ 4.2% |
| Other operating charges640/8 | €715 | €640 | €696 | €777 | €367 | ▼ 52.8% |
| Gross operating margin9900 | €144k | €24k | €75k | €69k | €60k | ▼ 13.2% |
| Operating profit (loss)9901 | €94k | €-35k | €12k | €5k | €-11k | ▼ 345% |
| Financial income75/76B | €15 | €10 | €155 | €109 | €40 | ▼ 62.8% |
| Recurring financial income75 | €15 | €10 | €155 | €109 | €40 | ▼ 62.8% |
| Financial charges65/66B | €572 | €521 | €1k | €1k | €2k | ▲ 71.9% |
| Recurring financial charges65 | €572 | €521 | €1k | €1k | €2k | ▲ 71.9% |
| Profit (loss) for the period before taxes9903 | €94k | €-35k | €11k | €4k | €-13k | ▼ 449% |
| Income taxes67/77 | €19k | - | €0 | €1 | - | - |
| Profit (loss) for the period9904 | €75k | €-35k | €11k | €4k | €-13k | ▼ 449% |
| Profit (loss) for the period to be appropriated9905 | €75k | €-35k | €11k | €4k | €-13k | ▼ 449% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €157k | €116k | €118k | €135k | €118k | ▼ 12.5% |
| Fixed assets21/28 | €25k | €19k | €13k | €9k | €3k | ▼ 61.5% |
| Tangible fixed assets22/27 | €25k | €19k | €13k | €9k | €3k | ▼ 61.5% |
| Plant, machinery and equipment23 | €3k | €2k | €947 | €1k | €541 | ▼ 50.2% |
| Furniture and vehicles24 | €22k | €17k | €12k | €8k | €3k | ▼ 63.2% |
| Current assets29/58 | €132k | €97k | €105k | €126k | €114k | ▼ 9.1% |
| Stocks and contracts in progress3 | €60k | €52k | €70k | €67k | €65k | ▼ 3.3% |
| Stocks30/36 | €60k | €52k | €70k | €67k | €65k | ▼ 3.3% |
| Amounts receivable within one year40/41 | €60k | €42k | €34k | €54k | €45k | ▼ 15.3% |
| Trade receivables40 | €53k | €40k | €32k | €46k | €45k | ▼ 2.1% |
| Other amounts receivable41 | €6k | €3k | €3k | €7k | €5 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €10k | €2k | €186 | €2k | €2k | ▲ 13.2% |
| Deferred charges and accrued income490/1 | €2k | €873 | - | €4k | €2k | ▼ 35.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €157k | €116k | €118k | €135k | €118k | ▼ 12.5% |
| Equity10/15 | €87k | €51k | €63k | €66k | €53k | ▼ 19.8% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €81k | €81k | €81k | €81k | €81k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €79k | €79k | €81k | €81k | €81k | = |
| Profit (loss) carried forward14 | - | €-35k | €-24k | €-21k | €-34k | ▼ 63.8% |
| Amounts payable17/49 | €70k | €65k | €55k | €68k | €65k | ▼ 5.4% |
| Amounts payable after more than one year17 | €18k | €13k | €8k | €3k | - | - |
| Financial debts170/4 | €18k | €13k | €8k | €3k | - | - |
| Amounts payable within one year42/48 | €52k | €52k | €47k | €65k | €65k | ▼ 0.6% |
| Current portion of amounts payable after more than one year42 | €5k | €5k | €5k | €5k | €3k | ▼ 32.4% |
| Financial debts43 | - | - | €2k | - | - | - |
| Credit institutions430/8 | - | - | €2k | - | - | - |
| Trade debts44 | €10k | €19k | €24k | €41k | €38k | ▼ 7.3% |
| Suppliers440/4 | €10k | €19k | €24k | €41k | €38k | ▼ 7.3% |
| Taxes, remuneration and social security45 | €17k | €21k | €8k | €9k | €9k | ▲ 8.0% |
| Taxes450/3 | €17k | €14k | - | - | €203 | - |
| Remuneration and social security454/9 | €544 | €8k | €8k | €9k | €9k | ▲ 5.7% |
| Other amounts payable47/48 | €19k | €7k | €8k | €10k | €14k | ▲ 35.1% |
| Accrued charges and deferred income492/3 | €3 | - | - | - | €33 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €75k | €-35k | €11k | €4k | €-13k | ▼ 449% |
| + Depreciation and write-downs630 | €3k | €6k | €6k | €6k | €5k | ▼ 4.2% |
| Operating cash flow (approximation) | €78k | €-30k | €17k | €9k | €-8k | ▼ 183% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-921 | €0 | ▲ 100% |
| Change in cash | - | €-8k | €-2k | €1k | €217 | ▼ 85.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 49 days late
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
18-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 49 days late
2022
31-12
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €75k
Net result €75k after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
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.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Sint-Laureins · 1 establishment unit since 2013
Ground area
3,414 m²
Building footprint
263 m²
Volume, LiDAR
1,206 m³
2 parcels, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PVB ELECTRO
since 20132.217.302.511
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43502D0363/00S000 | Flanders | 2,725 m² | 1 · 126 m² | 7.0 m · 2 fl. |
| 43014A1168/00S000 | Flanders | 689 m² | 1 · 137 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,605 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
33140Repair and maintenance of electrical equipment
Scores and ratios are computed by Checked and are not a credit decision.