CV ELECTRO
CV ELECTRO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7k and a net result of €5k. Equity is shrinking by ~22.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 18% of 7583 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
| Equity | €7k |
| Net result | €5k |
| Better than sector | 18% |
| Active | 28 yrs |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 7.6% | 50.9% | |
| Net result | €5k | €17k | |
| Equity | €7k | €58k | |
| Gross operating margin | €32k | €40k | |
| Staff costs | €10k | €26k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €21k | €11k | €-6k | €4k | €9k |
| Net profit | €5k | €-3k | €-7k | €3k | €-12k |
| Cash flow | €21k | €4k | €-6k | €4k | €-11k |
| Staff costs | €10k | €2k | - | - | - |
| Income taxes | - | €137 | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | €96k | €72k | €11k | €16k | €15k |
| Equity | €7k | €3k | €5k | €12k | €9k |
| Debt | €89k | €69k | €5k | €4k | €6k |
| of which ≤ 1y | €45k | €34k | €5k | €4k | €6k |
| of which > 1y | €44k | €35k | - | - | - |
| Working capital | €16k | €16k | €5k | €11k | €7k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.36 | 1.46 | 1.91 | 3.91 | 2.24 |
| Quick ratio | 1.02 | 1.22 | 1.91 | 3.91 | 2.24 |
| Working capital ratio | 16.8% | 22.0% | 44.8% | 69.4% | 48.6% |
| Solvency | 7.6% | 3.8% | 50.7% | 76.2% | 60.7% |
| Debt / equity | 12.21 | 25.06 | 0.97 | 0.31 | - |
| Long-term debt ratio | 6.04 | 12.58 | - | - | - |
| Interest coverage | 4.04 | 1.74 | -43.25 | 29.11 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 4.7% | -3.7% | -62.3% | 20.6% | -80.0% |
| ROE | 62.2% | -97.1% | -123.0% | 27.1% | -131.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €96k | €72k | €11k | €16k | €15k |
| Fixed assets | 21/28 | €35k | €22k | €629 | €1k | €2k |
| Tangible fixed assets | 22/27 | €35k | €22k | €586 | €1k | €2k |
| Financial fixed assets | 28 | €248 | €43 | €43 | €43 | €43 |
| Current assets | 29/58 | €61k | €50k | €10k | €15k | €13k |
| Stocks & contracts in progress | 3 | €15k | €8k | - | - | - |
| Amounts receivable within one year | 40/41 | €35k | €17k | €5k | €9k | €2k |
| Cash & bank | 54/58 | €11k | €24k | €5k | €5k | €10k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €96k | €72k | €11k | €16k | €15k |
| Equity | 10/15 | €7k | €3k | €5k | €12k | €9k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | - |
| Reserves | 13 | €2k | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €-13k | €-18k | €-15k | €-8k | €-12k |
| Amounts payable | 17/49 | €89k | €69k | €5k | €4k | €6k |
| Amounts payable after one year | 17 | €44k | €35k | - | - | - |
| Amounts payable within one year | 42/48 | €45k | €34k | €5k | €4k | €6k |
| Trade debts payable within one year | 44 | €24k | €20k | €1k | €912 | €3k |
| Income statement | ||||||
| Gross operating margin | 9900 | €32k | €16k | €-5k | €5k | €10k |
| Operating result | 9901 | €5k | €3k | €-7k | €3k | €8k |
| Financial income | 75 | €89 | €109 | - | €22 | €95 |
| Financial charges | 65 | €5k | €6k | €133 | €154 | €249 |
| Result before taxes | 9903 | €5k | €-3k | €-7k | €3k | €8k |
| Income taxes | 67/77 | - | €137 | - | - | - |
| Net result for the period | 9904 | €5k | €-3k | €-7k | €3k | €8k |
| Result to be appropriated | 9905 | €5k | €-3k | €-7k | €3k | €8k |
| NACE primary | Office administrative and support services(82100) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 26-11-1997 |
| Status | Active |
| Postal code | 5555 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91015C0476/00C003 | Wallonia | 791 m² | 1 · 84 m² | - |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
06-10-2025 Registered office moved from Gedinne to Bièvre
- Rue Gilbert Lepropre 24A 5575 Gedinne → 7C, rue de Monceau à 5555 Bièvre
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "7C, rue de Monceau \u00E0 5555 Bi\u00E8vre",
"city": "Bi\u00E8vre",
"region": "waals_gewest",
"street": "rue de Monceau",
"country": "BE",
"postcode": "5555",
"box_number": null,
"street_number": "7C",
"locality_suffix": null
},
"old_address": {
"raw": "Rue Gilbert Lepropre 24A 5575 Gedinne",
"city": "Gedinne",
"region": "waals_gewest",
"street": "Rue Gilbert Lepropre",
"country": "BE",
"postcode": "5575",
"box_number": null,
"street_number": "24A",
"locality_suffix": null
},
"effective_date": "2025-09-01",
"evidence_quote": "L\u0027organe d\u0027administration, r\u00E9uni le 1 septembre 2025, acte le transfert du si\u00E8ge social \u00E0 l\u0027adresse \u003C 7C, rue de Monceau \u00E0 5555 Bi\u00E8vre \u003E.",
"region_changed": false,
"is_statute_change": false,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "VANDEKERCKHOVE Christophe",
"firm_city": null,
"firm_name": null,
"office_city": "Bi\u00E8vre",
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2025-10-06",
"filing_date": "2025-09-29",
"act_kind_objet": "Objet de l\u0027acte: Transfert du si\u00E8ge social"
},
"decision": {
"body": "raad_van_bestuur",
"date": "2025-09-01",
"unanimous": true
},
"subject_company": {
"kbo": "0461.975.663",
"name_full": "CV Electro",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "VANDEKERCKHOVE Christophe",
"org_rep_person_name": null,
"person_role_at_subject": "Administrateur"
},
"co_filed_documents": [
"Acte notari\u00E9",
"D\u00E9p\u00F4t au greffe"
]
}29-01-2024 Registered office moved from Beauraing to Rienne
- Rue de la ferme des Trois Moulins 8 à 5570 Beauraing → 24A, rue Gilbert Lepropre à 5575 Rienne
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "24A, rue Gilbert Lepropre \u00E0 5575 Rienne",
"city": "Rienne",
"region": "waals_gewest",
"street": "rue Gilbert Lepropre",
"country": "BE",
"postcode": "5575",
"box_number": null,
"street_number": "24A",
"locality_suffix": null
},
"old_address": {
"raw": "Rue de la ferme des Trois Moulins 8 \u00E0 5570 Beauraing",
"city": "Beauraing",
"region": "waals_gewest",
"street": "Rue de la ferme des Trois Moulins",
"country": "BE",
"postcode": "5570",
"box_number": null,
"street_number": "8",
"locality_suffix": null
},
"effective_date": "2024-01-11",
"evidence_quote": "L\u0027organe d\u0027administration, r\u00E9uni le 11 janvier 2024, acte le transfert du si\u00E8ge social \u00E0 l\u0027adresse \u003C 24A, rue Gilbert Lepropre \u00E0 5575 Rienne \u003E.",
"region_changed": false,
"is_statute_change": false,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "VANDEKERCKHOVE Christophe",
"firm_city": null,
"firm_name": null,
"office_city": "Rienne",
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2024-01-29",
"filing_date": "2024-01-11",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "raad_van_bestuur",
"date": "2024-01-11",
"unanimous": true
},
"subject_company": {
"kbo": "0461.975.663",
"name_full": "CV ELECTRO",
"legal_form": "Soci\u00E9t\u00E9 \u00E0 responsabilit\u00E9 limit\u00E9e",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "VANDEKERCKHOVE Christophe",
"org_rep_person_name": null,
"person_role_at_subject": "Administrateur"
},
"co_filed_documents": [
"Rapport de l\u0027organe d\u0027administration du 11 janvier 2024"
]
}31-05-2023 Registered office moved from St Germain to Beauraing
- Rue de la Brasserie, 50 5310 St Germain → 5570 Beauraing Rue de la Ferme des Trois Moulins, 8
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "5570 Beauraing Rue de la Ferme des Trois Moulins, 8",
"city": "Beauraing",
"region": "waals_gewest",
"street": "Rue de la Ferme des Trois Moulins",
"country": "BE",
"postcode": "5570",
"box_number": null,
"street_number": "8",
"locality_suffix": null
},
"old_address": {
"raw": "Rue de la Brasserie, 50 5310 St Germain",
"city": "St Germain",
"region": "waals_gewest",
"street": "Rue de la Brasserie",
"country": "BE",
"postcode": "5310",
"box_number": null,
"street_number": "50",
"locality_suffix": null
},
"effective_date": "2023-03-14",
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale du 14 mars 2023 a pris acte du changement du si\u00E8ge social qui est transf\u00E9r\u00E9 \u00E0 5570 Beauraing Rue de la Ferme des Trois Moulins, 8.",
"region_changed": false,
"is_statute_change": false,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "Christophe Vandekerckhove",
"firm_city": null,
"firm_name": null,
"office_city": "Li\u00E8ge",
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2023-05-31",
"filing_date": "2023-05-16",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2023-03-14",
"unanimous": true
},
"subject_company": {
"kbo": "0461.975.663",
"name_full": "CV ELECTRO",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Christophe Vandekerckhove",
"org_rep_person_name": null,
"person_role_at_subject": "Administrateur"
},
"co_filed_documents": [
"Acte notari\u00E9",
"D\u00E9claration de changement de si\u00E8ge social",
"Extrait du registre du commerce et des soci\u00E9t\u00E9s"
]
}| Legal nameFR | CV ELECTRO |