AKELEC EVOLUTION
ActiveSummary
AKELEC EVOLUTION has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105k and a net result of €16k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 20% of 2056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-5
Solvency45▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.5 in 2024; short-term debt: 28.2% of total assets), and 79.6% of the assets are financed with debt.
Credit check 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
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
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
20.4%
Return on assets
3.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2056 sector peers (2025).
NBB · sector comparisonPosition among 2056 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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
13 d late
2024
31 d late
2023
61 d late
2022
7 d early
2021
31 d late
2020
18 d early
2019
2 d early
← 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€16k▼ 56.1%
2024 · €37k
2018: €14k
2019: €-1k▼ -110% vs 2018
2020: €-45k▼ -3155% vs 2019lowest in 8 years
2021: €-38k▲ +13.8% vs 2020
2022: €7k▲ +118% vs 2021
2023: €73k▲ +936% vs 2022highest in 8 years
2024: €37k▼ -49.0% vs 2023
2025: €16k▼ -56.1% vs 2024
2018 → 2025
Working capital
€50k▼ 0.2%
2024 · €50k
2018: €40k
2019: €-163k▼ -507% vs 2018lowest in 8 years
2020: €46k▲ +128% vs 2019
2021: €-32k▼ -170% vs 2020
2022: €-26k▲ +20.4% vs 2021
2023: €20k▲ +177% vs 2022
2024: €50k▲ +153% vs 2023highest in 8 years
2025: €50k▼ -0.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-11k-€-4k▲ 64.5%€69k€107k▲ 53.9%€105k▼ 1.5%
2021: €-11klowest in 5 years
2022: €-4k▲ +64.5% vs 2021
2023: €69k▲ +1879% vs 2022
2024: €107k▲ +53.9% vs 2023highest in 5 years
2025: €105k▼ -1.5% vs 2024
Operating result€-30k-€16k€94k▲ 498%€63k▼ 33.3%€32k▼ 48.9%
2021: €-30klowest in 5 years
2022: €16k▲ +153% vs 2021
2023: €94k▲ +498% vs 2022highest in 5 years
2024: €63k▼ -33.3% vs 2023
2025: €32k▼ -48.9% vs 2024
Net result€-38k-€7k€73k▲ 936%€37k▼ 49.0%€16k▼ 56.1%
2021: €-38klowest in 5 years
2022: €7k▲ +118% vs 2021
2023: €73k▲ +936% vs 2022highest in 5 years
2024: €37k▼ -49.0% vs 2023
2025: €16k▼ -56.1% vs 2024
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 49% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €514k
Fixed assets
€319k ▼ 7.2%
Current assets
€195k ▲ 30.0%
Equity and liabilities €514k
Equity
€105k ▼ 1.5%
Debt
€409k ▲ 5.6%
Debt's share of the balance-sheet total rises from 78.4% to 79.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€59k▼
2024 · €89k
Cash flow
€43k▼
2024 · €64k
Current ratio
1.35▼
2024 · 1.50
Quick ratio
1.28▼
2024 · 1.43
Debt to equity
3.89▲
2024 · 3.63
ROE
15.6%▼
2024 · 35.0%
ROA
3.2%▼
2024 · 7.6%
Interest coverage
8.48▼
2024 · 14.17
Debt ≤ 1 year
€145k▲
2024 · €100k
Debt > 1 year
€264k▼
2024 · €287k
Income taxes
€9k▼
2024 · €19k
Staff costs
€191k▼
2024 · €228k
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 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€493k€514k▲
Fixed assets21/28€343k€319k▼
Tangible fixed assets22/27€343k€319k▼
Land and buildings22€303k€293k▼
Plant, machinery and equipment23€818€545▼
Furniture and vehicles24€39k€26k▼
Financial fixed assets28€122€122=
Current assets29/58€150k€195k▲
Stocks and contracts in progress3€8k€10k▲
Stocks30/36€8k€10k▲
Amounts receivable within one year40/41€116k€165k▲
Trade receivables40€63k€78k▲
Other amounts receivable41€54k€87k▲
Current investments50/53-€20k
Cash at bank and in hand54/58€26k-
Deferred charges and accrued income490/1€36€12▼
Equity and liabilities
Total equity and liabilities10/49€493k€514k▲
Equity10/15€107k€105k▼
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€100k€98k▼
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€98k€96k▼
Profit (loss) carried forward14€524€918▲
Amounts payable17/49€387k€409k▲
Amounts payable after more than one year17€287k€264k▼
Financial debts170/4€287k€264k▼
Amounts payable within one year42/48€100k€145k▲
Current portion of amounts payable after more than one year42€39k€23k▼
Financial debts43-€10k
Credit institutions430/8-€10k
Trade debts44€16k€52k▲
Suppliers440/4€16k€52k▲
Taxes, remuneration and social security45€35k€36k▲
Taxes450/3€20k€9k▼
Remuneration and social security454/9€15k€26k▲
Other amounts payable47/48€9k€23k▲
Income statement
Code20242025
Non-recurring operating income76A€1k-
Remuneration, social security and pensions62€228k€191k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€26k▲
Other operating charges640/8-€2k
Gross operating margin9900€317k€251k▼
Operating profit (loss)9901€63k€32k▼
Financial income75/76B€6€0▼
Recurring financial income75€6€0▼
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€56k€25k▼
Income taxes67/77€19k€9k▼
Profit (loss) for the period9904€37k€16k▼
Profit (loss) for the period to be appropriated9905€37k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€36k€17k▼
Profit (loss) brought forward from the previous period14P€-2k€524▲
Transfer from equity791/2-€18k
Transfer to equity691/2€35k€16k▼
To other reserves6921€35k€16k▼
Profit to be distributed694/7-€18k
Return on contributions (dividend)694-€18k
Social balance
Average headcount (FTE)90876.35.3▼
The notes to these accounts (10 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €19k | - | - | €1k | - | - |
| Remuneration, social security and pensions62 | €226k | €227k | €249k | €228k | €191k | ▼ 16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40k | €26k | €25k | €26k | €26k | ▲ 0.4% |
| Other operating charges640/8 | €3k | €4k | €4k | - | €2k | - |
| Gross operating margin9900 | €239k | €273k | €372k | €317k | €251k | ▼ 20.6% |
| Operating profit (loss)9901 | €-30k | €16k | €94k | €63k | €32k | ▼ 48.9% |
| Financial income75/76B | €0 | - | €1 | €6 | €0 | ▼ 99.5% |
| Recurring financial income75 | €0 | - | €1 | €6 | €0 | ▼ 99.5% |
| Financial charges65/66B | €9k | €9k | €7k | €6k | €7k | ▲ 9.7% |
| Recurring financial charges65 | €9k | €9k | €7k | €6k | €7k | ▲ 9.7% |
| Profit (loss) for the period before taxes9903 | €-38k | €7k | €87k | €56k | €25k | ▼ 55.4% |
| Income taxes67/77 | - | €31 | €14k | €19k | €9k | ▼ 54.1% |
| Profit (loss) for the period9904 | €-38k | €7k | €73k | €37k | €16k | ▼ 56.1% |
| Profit (loss) for the period to be appropriated9905 | €-38k | €7k | €73k | €37k | €16k | ▼ 56.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €494k | €481k | €545k | €493k | €514k | ▲ 4.1% |
| Fixed assets21/28 | €390k | €364k | €370k | €343k | €319k | ▼ 7.2% |
| Tangible fixed assets22/27 | €390k | €364k | €370k | €343k | €319k | ▼ 7.2% |
| Land and buildings22 | €336k | €325k | €314k | €303k | €293k | ▼ 3.6% |
| Plant, machinery and equipment23 | €4k | €2k | €1k | €818 | €545 | ▼ 33.3% |
| Furniture and vehicles24 | €50k | €37k | €54k | €39k | €26k | ▼ 34.7% |
| Financial fixed assets28 | €122 | €122 | €122 | €122 | €122 | = |
| Current assets29/58 | €104k | €117k | €175k | €150k | €195k | ▲ 30.0% |
| Stocks and contracts in progress3 | €20k | €23k | €8k | €8k | €10k | ▲ 27.7% |
| Stocks30/36 | €20k | €23k | €8k | €8k | €10k | ▲ 27.7% |
| Amounts receivable within one year40/41 | €79k | €94k | €126k | €116k | €165k | ▲ 41.9% |
| Trade receivables40 | €66k | €75k | €79k | €63k | €78k | ▲ 25.2% |
| Other amounts receivable41 | €13k | €20k | €46k | €54k | €87k | ▲ 61.4% |
| Current investments50/53 | - | €138 | - | - | €20k | - |
| Cash at bank and in hand54/58 | - | - | €42k | €26k | - | - |
| Deferred charges and accrued income490/1 | €5k | - | - | €36 | €12 | ▼ 65.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €494k | €481k | €545k | €493k | €514k | ▲ 4.1% |
| Equity10/15 | €-11k | €-4k | €69k | €107k | €105k | ▼ 1.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | €6k | €6k | €6k | €6k | €6k | = |
| Issued capital100 | €19k | €19k | €19k | €19k | €19k | = |
| Uncalled capital101 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €65k | €65k | €65k | €100k | €98k | ▼ 2.0% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €63k | €63k | €63k | €98k | €96k | ▼ 2.0% |
| Profit (loss) carried forward14 | €-82k | €-75k | €-2k | €524 | €918 | ▲ 75.1% |
| Amounts payable17/49 | €505k | €485k | €476k | €387k | €409k | ▲ 5.6% |
| Amounts payable after more than one year17 | €369k | €329k | €320k | €287k | €264k | ▼ 8.1% |
| Financial debts170/4 | €369k | €329k | €320k | €287k | €264k | ▼ 8.1% |
| Amounts payable within one year42/48 | €136k | €143k | €155k | €100k | €145k | ▲ 45.2% |
| Current portion of amounts payable after more than one year42 | €49k | €39k | €25k | €39k | €23k | ▼ 40.6% |
| Financial debts43 | €10k | €23k | - | - | €10k | - |
| Credit institutions430/8 | €10k | €23k | - | - | €10k | - |
| Trade debts44 | €46k | €49k | €102k | €16k | €52k | ▲ 222% |
| Suppliers440/4 | €46k | €49k | €102k | €16k | €52k | ▲ 222% |
| Taxes, remuneration and social security45 | €831 | €2k | €10k | €35k | €36k | ▲ 2.0% |
| Taxes450/3 | - | - | €10k | €20k | €9k | ▼ 52.8% |
| Remuneration and social security454/9 | €831 | €2k | - | €15k | €26k | ▲ 72.6% |
| Other amounts payable47/48 | €29k | €29k | €18k | €9k | €23k | ▲ 153% |
| Accrued charges and deferred income492/3 | - | €14k | €6 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-38k | €7k | €73k | €37k | €16k | ▼ 56.1% |
| + Depreciation and write-downs630 | €40k | €26k | €25k | €26k | €26k | ▲ 0.4% |
| Operating cash flow (approximation) | €1k | €33k | €98k | €64k | €43k | ▼ 32.7% |
| Investment in fixed assets (approximation) | - | €0 | €-31k | €0 | €-2k | - |
| Change in cash | - | - | - | €-16k | - | - |
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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 13 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 31 days late
2024
31-12
Financial
Equity above €100kEq €107k ▲53.9%
3 profitable years in a row build equity to €107k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
31-12
Financial
Highest result since 2018net €73k ▲936%
Operating result €94k, net result €73k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €7k
Net result €7k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-45k
Net result drops to €-45k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 1.43
Current ratio from 0.45 to 1.43; short-term debt falls from €299k to €108k.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
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 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Walhain · 1 establishment unit since 2011
Ground area
1,367 m²
Building footprint
146 m²
Volume, LiDAR
648 m³
Parcel 25104D0186/00P000, Wallonia · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rue de Sart(TSL) 19, 1457 Walhain
since 20112.201.559.708
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25104D0186/00P000 | Wallonia | 1,366 m² | 1 · 146 m² | 6.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DEMAN SIMON
BE 0550.577.146
Wevelgem · Eq €105,035
RESOLUUT
BE 1007.844.252
Sint-Niklaas · Eq €105,044
Technics-group
BE 0713.954.840
Lille · Eq €104,910
WATERLIGHT
BE 0650.675.406
Gent · Eq €104,909
DOMATNIC
BE 0786.688.410
Hamme (Vl.) · Eq €105,060
Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 8,789 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 (pre-2019)
Founded30-06-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.