VELEKTRO
ActiveVELEKTRO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €644k and a net result of €24k. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 42% of 7719 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+2
Solvency63▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.61 against 2.08 in 2024; short-term debt: 17% and cash: 15.9% of total assets), but 62.3% 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 · 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 2025Solvency, return and age of the figures
Solvency
37.7%
Return on assets
1.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-01-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
18 d early
2023
26 d early
2022
25 d early
2021
1 d late
2020
23 d early
2019
21 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€644k▼ 3.8%
2024 · €669k
2019: €145k
2020: €185k
2021: €549k
2022: €650k
2023: €694k
2024: €669k
2019 → 2025
Total assets
€1.71M▲ 8.4%
2024 · €1.57M
2019: €467k
2020: €1.40M
2021: €1.54M
2022: €1.63M
2023: €1.67M
2024: €1.57M
2019 → 2025
Net result
€24k
2024 · €-3k
2019: €40k
2020: €50k
2021: €383k
2022: €114k
2023: €66k
2024: €-3k
2019 → 2025
Working capital
€468k▲ 73.0%
2024 · €271k
2019: €117k
2020: €489k
2021: €260k
2022: €238k
2023: €259k
2024: €271k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€549k-€650k▲ 18.4%€694k▲ 6.9%€669k▼ 3.6%€644k▼ 3.8%
Operating result€503k-€158k▼ 68.7%€99k▼ 37.0%€10k▼ 90.3%€46k▲ 376%
Net result€383k-€114k▼ 70.2%€66k▼ 42.6%€-3k€24k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 376% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.71M
Fixed assets
€948k▼ 9.8%
Current assets
€758k▲ 45.2%
Equity and liabilities €1.71M
Equity
€644k▼ 3.8%
Provisions
€55k▼ 6.0%
Debt
€1.01M▲ 19.2%
The debt ratio rises from 53.7% to 59.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€165k▲
2024 · €128k
Cash flow
€143k▲
2024 · €116k
Solvency
37.7%▼
2024 · 42.6%
Current ratio
2.61▲
2024 · 2.08
Quick ratio
2.35▲
2024 · 1.11
Debt / equity
1.56▲
2024 · 1.26
ROE
3.7%▲
2024 · -0.4%
ROA
1.4%▲
2024 · -0.2%
Interest coverage
17.58▲
2024 · 10.37
Debt
€1.01M▲
2024 · €845k
Debt ≤ 1 year
€290k▲
2024 · €252k
Debt > 1 year
€533k▼
2024 · €593k
Income taxes
€21k▲
2024 · €7k
Staff costs
€385k▲
2024 · €354k
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€1.57M€1.71M▲
Fixed assets21/28€1.05M€948k▼
Tangible fixed assets22/27€1.05M€948k▼
Land and buildings22€915k€857k▼
Plant, machinery and equipment23€22k€16k▼
Furniture and vehicles24€113k€74k▼
Financial fixed assets28€95-
Current assets29/58€522k€758k▲
Stocks and contracts in progress3€242k€78k▼
Stocks30/36€242k€78k▼
Amounts receivable within one year40/41€99k€404k▲
Trade receivables40€79k€360k▲
Other amounts receivable41€20k€43k▲
Current investments50/53€30k-
Cash at bank and in hand54/58€145k€271k▲
Deferred charges and accrued income490/1€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.57M€1.71M▲
Equity10/15€669k€644k▼
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Reserves13€663k€637k▼
Tax-exempt reserves132€236k€222k▼
Distributable reserves133€427k€416k▼
Provisions and deferred taxes16€59k€55k▼
Deferred taxes168€59k€55k▼
Amounts payable17/49€845k€1.01M▲
Amounts payable after more than one year17€593k€533k▼
Financial debts170/4€593k€533k▼
Amounts payable within one year42/48€252k€290k▲
Current portion of amounts payable after more than one year42€62k€60k▼
Trade debts44€88k€101k▲
Suppliers440/4€88k€101k▲
Taxes, remuneration and social security45€67k€65k▼
Taxes450/3€9k€11k▲
Remuneration and social security454/9€58k€54k▼
Other amounts payable47/48€35k€63k▲
Accrued charges and deferred income492/3-€184k
Income statement
Code20242025
Non-recurring operating income76A€1k€82▼
Remuneration, social security and pensions62€354k€385k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€118k€119k▲
Other operating charges640/8€10k€17k▲
Non-recurring operating charges66A€97-
Gross operating margin9900€492k€567k▲
Operating profit (loss)9901€10k€46k▲
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€5k▲
Financial charges65/66B€12k€9k▼
Recurring financial charges65€12k€9k▼
Profit (loss) for the period before taxes9903€598€41k▲
Transfer from deferred taxes780€4k€4k=
Income taxes67/77€7k€21k▲
Profit (loss) for the period9904€-3k€24k▲
Transfer from tax-exempt reserves789€14k€14k=
Profit (loss) for the period to be appropriated9905€12k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€38k▲
Transfer from equity791/2€22k€50k▲
Transfer to equity691/2€12k€38k▲
To other reserves6921€12k€38k▲
Profit to be distributed694/7€22k€50k▲
Return on contributions (dividend)694€22k€50k▲
Social balance
Average headcount (FTE)90876.86.8=
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
16-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
13-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet €-3k ▼104%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
05-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
30-06
Financial
Highest result since 2019net €383k ▲669%
Operating result €503k, net result €383k, both a record.
30-06
Financial
Equity above €500kEq €549k ▲197%
3 profitable years in a row build equity to €549k.
08-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Equity above €150kEq €185k ▲27.5%
2 profitable years in a row build equity to €185k.
10-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Waregem · 1 establishment unit since 2010
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.
Groenbek 318790 WaregemGround area
1,486 m²
Building footprint
719 m²
Parcel 34453E0205/00G005, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
VELEKTRO
since 20102.186.951.805
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453E0205/00G005 | Flanders | 1,486 m² | 1 · 719 m² | 0.1 m |
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 2024 · 4 entries · 3,431 EUR awarded · 3,431 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 2 | 1,770 EUR | 1,770 EUR |
| 2022 | 1 | 661 EUR | 661 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
5 live approvals · 5 endedElektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
Installateur elektrotechnische basiscomponenten duaal (so)
Similar companies · same sector, comparable size
Electrosan
BE 0865.406.581
Veurne · Eq €644k
VANDOCK
BE 0886.430.639
Kortrijk · Eq €643k
GLOBAL CONCEPT SECURITY
BE 0643.591.238
Braine-le-Château · Eq €644k
Greenson
BE 0820.245.460
Merelbeke-Melle · Eq €644k
ELECTRO SMETS
BE 0474.039.889
Kasterlee · Eq €642k
Of 22,822 companies in sector 43211 we hold annual accounts for 10,327. 5,854 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-03-2007
Fiscal year end30-06
Activities, NACEBEL
43211General electrical installation work
45310
43240Other construction installation
43299Specialised construction activities
46711Wholesale of cars and light vans (up to 3.5 tonnes)
46712Wholesale trade
46643Wholesale of electrical equipment, including installation materials
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.