STANDELEC
ActiveSTANDELEC has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.11M and a net result of €519k. Equity is growing by ~21.2% per year across the filed fiscal years. Its solvency ranks better than 73% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability88▼-5
Solvency88▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 2.53 against 4.81 in 2023; short-term debt: 18.8% and cash: 17% of total assets), and 36.5% 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 · 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
63.5%
Return on assets
15.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
27 d early
2022
87 d early
2021
19 d early
2020
29 d early
2019
11 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€2.11M▼ 5.7%
2023 · €2.24M
2018: €864k
2019: €1.16M
2020: €906k
2021: €1.27M
2022: €1.83M
2023: €2.24M
2018 → 2024
Total assets
€3.32M▲ 1.2%
2023 · €3.28M
2018: €1.71M
2019: €2.52M
2020: €2.20M
2021: €2.64M
2022: €3.10M
2023: €3.28M
2018 → 2024
Net result
€519k▼ 18.5%
2023 · €637k
2018: €388k
2019: €293k
2020: €-185k
2021: €367k
2022: €557k
2023: €637k
2018 → 2024
Working capital
€958k▼ 37.8%
2023 · €1.54M
2018: €441k
2019: €821k
2020: €526k
2021: €906k
2022: €1.23M
2023: €1.54M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€906k-€1.27M▲ 40.5%€1.83M▲ 43.8%€2.24M▲ 22.2%€2.11M▼ 5.7%
Operating result€-170k-€439k€831k▲ 89.2%€856k▲ 3.0%€679k▼ 20.7%
Net result€-185k-€367k€557k▲ 51.9%€637k▲ 14.3%€519k▼ 18.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 21% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.32M
Fixed assets
€1.74M▲ 30.1%
Current assets
€1.58M▼ 18.6%
Equity and liabilities €3.32M
Equity
€2.11M▼ 5.7%
Provisions
€18k▼ 6.1%
Debt
€1.19M▲ 16.5%
The debt ratio rises from 31.3% to 36.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€875k▼
2023 · €992k
Cash flow
€714k▼
2023 · €772k
Solvency
63.5%▼
2023 · 68.2%
Current ratio
2.53▼
2023 · 4.81
Quick ratio
2.46▼
2023 · 4.67
Debt / equity
0.57▲
2023 · 0.46
ROE
24.6%▼
2023 · 28.5%
ROA
15.6%▼
2023 · 19.4%
Interest coverage
80.55▼
2023 · 89.40
Debt
€1.19M▲
2023 · €1.03M
Debt ≤ 1 year
€624k▲
2023 · €404k
Debt > 1 year
€570k▼
2023 · €621k
Income taxes
€159k▼
2023 · €213k
Staff costs
€851k▼
2023 · €978k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.28M€3.32M▲
Fixed assets21/28€1.34M€1.74M▲
Tangible fixed assets22/27€1.31M€1.71M▲
Land and buildings22€967k€925k▼
Plant, machinery and equipment23€239k€661k▲
Furniture and vehicles24€104k€128k▲
Other tangible fixed assets26€752€0▼
Financial fixed assets28€26k€26k=
Current assets29/58€1.94M€1.58M▼
Stocks and contracts in progress3€59k€48k▼
Stocks30/36€59k€48k▼
Amounts receivable within one year40/41€1.05M€938k▼
Trade receivables40€1.04M€800k▼
Other amounts receivable41€15k€137k▲
Current investments50/53€14k€13k▼
Cash at bank and in hand54/58€809k€565k▼
Deferred charges and accrued income490/1€11k€18k▲
Equity and liabilities
Total equity and liabilities10/49€3.28M€3.32M▲
Equity10/15€2.24M€2.11M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€2.17M€2.05M▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€133k€128k▼
Distributable reserves133€2.04M€1.91M▼
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€19k€18k▼
Deferred taxes168€19k€18k▼
Amounts payable17/49€1.03M€1.19M▲
Amounts payable after more than one year17€621k€570k▼
Financial debts170/4€621k€570k▼
Amounts payable within one year42/48€404k€624k▲
Current portion of amounts payable after more than one year42€105k€51k▼
Trade debts44€120k€482k▲
Suppliers440/4€120k€482k▲
Taxes, remuneration and social security45€173k€91k▼
Taxes450/3€100k€15k▼
Remuneration and social security454/9€73k€76k▲
Other amounts payable47/48€5k€0▼
Income statement
Code20232024
Remuneration, social security and pensions62€978k€851k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€136k€195k▲
Other operating charges640/8€29k€23k▼
Gross operating margin9900€2.00M€1.75M▼
Operating profit (loss)9901€856k€679k▼
Financial income75/76B€3k€8k▲
Recurring financial income75€3k€8k▲
Financial charges65/66B€11k€11k▼
Recurring financial charges65€11k€11k▼
Profit (loss) for the period before taxes9903€848k€677k▼
Transfer from deferred taxes780€1k€1k=
Income taxes67/77€213k€159k▼
Profit (loss) for the period9904€637k€519k▼
Transfer from tax-exempt reserves789€5k€5k=
Profit (loss) for the period to be appropriated9905€641k€524k▼
Appropriation of the result
Profit (loss) to be appropriated9906€641k€524k▼
Transfer from equity791/2€230k€647k▲
Transfer to equity691/2€641k€524k▼
To other reserves6921€641k€524k▼
Profit to be distributed694/7€230k€647k▲
Return on contributions (dividend)694€230k€647k▲
Social balance
Average headcount (FTE)908711.210.3▼
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €637k ▲14.3%
Operating result €856k, net result €637k, both a record.
31-12
Financial
Equity above €2MEq €2.24M ▲22.2%
3 profitable years in a row build equity to €2.24M.
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €367k
Net result €367k after one loss-making year.
31-12
Financial
Equity above €1MEq €1.27M ▲40.5%
Equity rises from €906k to €1.27M.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-185k ▼163%
Net result drops to €-185k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1MEq €1.16M ▲33.9%
2 profitable years in a row build equity to €1.16M.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
07-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Kuurne · 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.
Noordlaan 58520 KuurneGround area
6,326 m²
Building footprint
4,694 m²
Volume, LiDAR
33,531 m³
Parcel 34023A0474/00L000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STANDELEC
since 19962.079.454.623
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34023A0474/00L000 | Flanders | 6,326 m² | 1 · 4,694 m² | 10.2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 4,726 EUR awarded · 4,607 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,977 EUR | 2,914 EUR |
| 2024 | 1 | 392 EUR | 794 EUR |
| 2023 | 1 | 1,028 EUR | 570 EUR |
| 2022 | 1 | 329 EUR | 329 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
967600X3GB71NPAYP853
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ELEKTRO VANDENHEEDE
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Zulte · Eq €2.11M
SANOTECH
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ELCON - LIMBURG
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,327. 2,768 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-09-1996
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.