VOLTS & WATTS
ActiveThe computed 12-month bankruptcy probability of VOLTS & WATTS is 2.4% (moderate). The 2024 annual accounts show equity of €113k and a net result of €62k. Equity is growing by ~91.8% per year across the filed fiscal years. Its solvency ranks better than 85% of 36377 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
100
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability94▲+21
Solvency100▲+11
Growth85=
Stability94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.92 against 1.66 in 2023), and 21% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
25 d late
2023
4 d late
2022
21 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€436k▼ 3.3%
2023 · €451k
2022: €193k
2023: €451k
2022 → 2024
EBIT margin
14.1%▲ 6.8pp
2023 · 7.3%
2022: 9.9%
2023: 7.3%
2022 → 2024
Net result
€62k▲ 85.3%
2023 · €33k
2022: €18k
2023: €33k
2022 → 2024
Working capital
€58k▲ 324%
2023 · €14k
2022: €3k
2023: €14k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Turnover€193k-€451k▲ 134%€436k▼ 3.3%
Equity€18k-€52k▲ 181%€113k▲ 119%
Operating result€19k-€33k▲ 72.5%€62k▲ 85.8%
Net result€18k-€33k▲ 80.6%€62k▲ 85.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 86% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €143k
Fixed assets
€56k▼ 12.1%
Current assets
€88k▲ 157%
Equity and liabilities €143k
Equity
€113k▲ 119%
Debt
€30k▼ 34.5%
The debt ratio falls from 47.0% to 21.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€76k▲
2023 · €50k
Cash flow
€76k▲
2023 · €51k
Solvency
79.0%▲
2023 · 53.0%
Current ratio
2.92▲
2023 · 1.66
Quick ratio
2.92▲
2023 · 1.66
Debt / equity
0.27▼
2023 · 0.89
ROE
54.4%▼
2023 · 64.4%
ROA
43.0%▲
2023 · 34.1%
Debt
€30k▼
2023 · €46k
Debt ≤ 1 year
€30k▲
2023 · €21k
Staff costs
€130k▲
2023 · €82k
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€97k€143k▲
Fixed assets21/28€63k€56k▼
Tangible fixed assets22/27€63k€56k▼
Plant, machinery and equipment23€569€897▲
Furniture and vehicles24€63k€55k▼
Current assets29/58€34k€88k▲
Amounts receivable within one year40/41€33k€52k▲
Trade receivables40€20k€33k▲
Other amounts receivable41€13k€19k▲
Cash at bank and in hand54/58€1k€35k▲
Equity and liabilities
Total equity and liabilities10/49€97k€143k▲
Equity10/15€52k€113k▲
Profit (loss) carried forward14€52k€113k▲
Amounts payable17/49€46k€30k▼
Amounts payable after more than one year17€25k-
Financial debts170/4€25k-
Amounts payable within one year42/48€21k€30k▲
Current portion of amounts payable after more than one year42€10k€15k▲
Trade debts44€8k€14k▲
Suppliers440/4€8k€14k▲
Taxes, remuneration and social security45€117-
Taxes450/3€117-
Other amounts payable47/48€2k-
Income statement
Code20232024
Turnover70€451k€436k▼
Goods, raw materials, services and sundry goods60/61€318k€229k▼
Remuneration, social security and pensions62€82k€130k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€14k▼
Other operating charges640/8€569€718▲
Gross operating margin9900€133k€207k▲
Operating profit (loss)9901€33k€62k▲
Financial income75/76B€137-
Recurring financial income75€137-
Financial charges65/66B€53-
Recurring financial charges65€53-
Profit (loss) for the period before taxes9903€33k€62k▲
Profit (loss) for the period9904€33k€62k▲
Profit (loss) for the period to be appropriated9905€33k€62k▲
Appropriation of the result
Profit (loss) to be appropriated9906€52k€113k▲
Profit (loss) brought forward from the previous period14P€18k€52k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Highest result since 2022net €62k ▲85.3%
Operating result €62k, net result €62k, both a record.
31-12
Financial
Equity above €100kEq €113k ▲119%
3 profitable years in a row build equity to €113k.
04-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 4 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Herenthout · 1 establishment unit since 2022
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.
Liefkenshoek 272270 HerenthoutGround area
339 m²
Building footprint
93 m²
Volume, LiDAR
557 m³
Parcel 13012E0547/00K003, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VOLTS & WATTS
since 20222.328.640.693
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13012E0547/00K003 | Flanders | 339 m² | 1 · 93 m² | 10.9 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.
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AKA Services
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DV SOLUTIONS
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REFLOW
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Of 22,729 companies in sector 43211 we hold annual accounts for 10,274. 8,722 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-03-2022
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43990Other specialised construction activities
43999Specialised construction activities
25110Manufacture of metal structures and parts of structures
25530Machining of metals
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:voltswatts2020@gmail.com
Phone:033243815