DE SUTTER ELECTRONICS
ActiveSummary
DE SUTTER ELECTRONICS has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €334k and a net result of €147k. Equity is shrinking by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 36% of 2056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+5
Solvency58▲+2
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.37 in 2024; short-term debt: 56.9% and cash: 16% of total assets), and 67.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 · 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
32.6%
Return on assets
14.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
23 d early
2023
23 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
27 d late
← 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
€147k▲ 27.8%
2024 · €115k
2018: €139k
2019: €272k▲ +95.1% vs 2018highest in 8 years
2020: €24k▼ -91.1% vs 2019
2021: €-16k▼ -166% vs 2020lowest in 8 years
2022: €7k▲ +141% vs 2021
2023: €71k▲ +989% vs 2022
2024: €115k▲ +62.2% vs 2023
2025: €147k▲ +27.8% vs 2024
2018 → 2025
Working capital
€258k▲ 2.0%
2024 · €253k
2018: €720khighest in 8 years
2019: €627k▼ -12.9% vs 2018
2020: €633k▲ +0.9% vs 2019
2021: €620k▼ -2.0% vs 2020
2022: €627k▲ +1.1% vs 2021
2023: €471k▼ -24.8% vs 2022
2024: €253k▼ -46.4% vs 2023lowest in 8 years
2025: €258k▲ +2.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€686k-€693k▲ 0.9%€513k▼ 25.9%€333k▼ 35.1%€334k▲ 0.3%
2021: €686k
2022: €693k▲ +0.9% vs 2021highest in 5 years
2023: €513k▼ -25.9% vs 2022
2024: €333k▼ -35.1% vs 2023lowest in 5 years
2025: €334k▲ +0.3% vs 2024
Operating result€5k-€25k▲ 356%€151k▲ 506%€174k▲ 15.3%€218k▲ 25.6%
2021: €5klowest in 5 years
2022: €25k▲ +356% vs 2021
2023: €151k▲ +506% vs 2022
2024: €174k▲ +15.3% vs 2023
2025: €218k▲ +25.6% vs 2024highest in 5 years
Net result€-16k-€7k€71k▲ 989%€115k▲ 62.2%€147k▲ 27.8%
2021: €-16klowest in 5 years
2022: €7k▲ +141% vs 2021
2023: €71k▲ +989% vs 2022
2024: €115k▲ +62.2% vs 2023
2025: €147k▲ +27.8% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.03M
Fixed assets
€185k ▲ 16.8%
Current assets
€841k ▼ 9.4%
Equity and liabilities €1.03M
Equity
€334k ▲ 0.3%
Debt
€692k ▼ 8.2%
Debt's share of the balance-sheet total falls from 69.3% to 67.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€284k▲
2024 · €233k
Cash flow
€213k▲
2024 · €174k
Current ratio
1.44▲
2024 · 1.37
Quick ratio
1.10▼
2024 · 1.17
Debt to equity
2.07▼
2024 · 2.26
ROE
44.0%▲
2024 · 34.5%
ROA
14.3%▲
2024 · 10.6%
Interest coverage
41.55▲
2024 · 39.06
Debt ≤ 1 year
€583k▼
2024 · €676k
Debt > 1 year
€94k▲
2024 · €77k
Income taxes
€65k▲
2024 · €54k
Staff costs
€1.20M▲
2024 · €1.16M
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€1.09M€1.03M▼
Fixed assets21/28€158k€185k▲
Intangible fixed assets21€15k€5k▼
Tangible fixed assets22/27€144k€180k▲
Plant, machinery and equipment23€29k€32k▲
Furniture and vehicles24€112k€146k▲
Other tangible fixed assets26€2k€2k▼
Current assets29/58€928k€841k▼
Amounts receivable after more than one year29-€140k
Other amounts receivable291-€140k
Stocks and contracts in progress3€138k€201k▲
Stocks30/36€138k€103k▼
Contracts in progress37-€99k
Amounts receivable within one year40/41€260k€310k▲
Trade receivables40€252k€310k▲
Other amounts receivable41€8k-
Cash at bank and in hand54/58€516k€165k▼
Deferred charges and accrued income490/1€14k€25k▲
Equity and liabilities
Total equity and liabilities10/49€1.09M€1.03M▼
Equity10/15€333k€334k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€271k€272k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€265k€266k▲
Amounts payable17/49€753k€692k▼
Amounts payable after more than one year17€77k€94k▲
Financial debts170/4€77k€94k▲
Amounts payable within one year42/48€676k€583k▼
Current portion of amounts payable after more than one year42€59k€156k▲
Trade debts44€106k€150k▲
Suppliers440/4€106k€150k▲
Taxes, remuneration and social security45€215k€130k▼
Taxes450/3€58k€34k▼
Remuneration and social security454/9€157k€97k▼
Other amounts payable47/48€295k€146k▼
Accrued charges and deferred income492/3€466€15k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.16M€1.20M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€66k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k€-4k▼
Other operating charges640/8€17k€3k▼
Non-recurring operating charges66A-€396
Gross operating margin9900€1.41M€1.48M▲
Operating profit (loss)9901€174k€218k▲
Financial income75/76B€1k€796▼
Recurring financial income75€1k€796▼
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Non-recurring financial charges66B€135-
Profit (loss) for the period before taxes9903€169k€212k▲
Income taxes67/77€54k€65k▲
Profit (loss) for the period9904€115k€147k▲
Profit (loss) for the period to be appropriated9905€115k€147k▲
Appropriation of the result
Profit (loss) to be appropriated9906€115k€147k▲
Transfer from equity791/2€295k-
Transfer to equity691/2€115k€940▼
To other reserves6921€115k€940▼
Profit to be distributed694/7€295k€146k▼
Return on contributions (dividend)694€295k€146k▼
Social balance
Average headcount (FTE)908721.620.3▼
The notes to these accounts (15 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1.22M | €996k | €1.01M | €1.16M | €1.20M | ▲ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €73k | €47k | €56k | €59k | €66k | ▲ 11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1k | €-4k | ▼ 467% |
| Other operating charges640/8 | €9k | €3k | €4k | €17k | €3k | ▼ 82.2% |
| Non-recurring operating charges66A | €605 | - | - | - | €396 | - |
| Gross operating margin9900 | €1.31M | €1.07M | €1.22M | €1.41M | €1.48M | ▲ 5.0% |
| Operating profit (loss)9901 | €5k | €25k | €151k | €174k | €218k | ▲ 25.6% |
| Financial income75/76B | €1k | €4k | €444 | €1k | €796 | ▼ 25.7% |
| Recurring financial income75 | €1k | €4k | €444 | €1k | €796 | ▼ 25.7% |
| Financial charges65/66B | €6k | €6k | €5k | €6k | €7k | ▲ 12.2% |
| Recurring financial charges65 | €6k | €6k | €4k | €6k | €7k | ▲ 14.8% |
| Non-recurring financial charges66B | - | - | €84 | €135 | - | - |
| Profit (loss) for the period before taxes9903 | €783 | €23k | €147k | €169k | €212k | ▲ 25.7% |
| Income taxes67/77 | €17k | €17k | €76k | €54k | €65k | ▲ 21.4% |
| Profit (loss) for the period9904 | €-16k | €7k | €71k | €115k | €147k | ▲ 27.8% |
| Transfer from tax-exempt reserves789 | - | - | €68k | - | - | - |
| Transfer to tax-exempt reserves689 | - | €10 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-16k | €7k | €138k | €115k | €147k | ▲ 27.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.09M | €1.04M | €1.18M | €1.09M | €1.03M | ▼ 5.6% |
| Fixed assets21/28 | €144k | €167k | €162k | €158k | €185k | ▲ 16.8% |
| Intangible fixed assets21 | €46k | €36k | €25k | €15k | €5k | ▼ 65.7% |
| Tangible fixed assets22/27 | €98k | €131k | €137k | €144k | €180k | ▲ 25.1% |
| Plant, machinery and equipment23 | €130 | €4k | €6k | €29k | €32k | ▲ 9.6% |
| Furniture and vehicles24 | €98k | €127k | €127k | €112k | €146k | ▲ 30.2% |
| Other tangible fixed assets26 | - | - | €3k | €2k | €2k | ▼ 25.1% |
| Current assets29/58 | €947k | €870k | €1.02M | €928k | €841k | ▼ 9.4% |
| Amounts receivable after more than one year29 | - | - | - | - | €140k | - |
| Other amounts receivable291 | - | - | - | - | €140k | - |
| Stocks and contracts in progress3 | €118k | €133k | €126k | €138k | €201k | ▲ 46.0% |
| Stocks30/36 | €118k | €133k | €126k | €138k | €103k | ▼ 25.5% |
| Contracts in progress37 | - | - | - | - | €99k | - |
| Amounts receivable within one year40/41 | €493k | €465k | €557k | €260k | €310k | ▲ 19.1% |
| Trade receivables40 | €417k | €408k | €535k | €252k | €310k | ▲ 23.1% |
| Other amounts receivable41 | €76k | €57k | €22k | €8k | - | - |
| Cash at bank and in hand54/58 | €328k | €255k | €316k | €516k | €165k | ▼ 68.1% |
| Deferred charges and accrued income490/1 | €7k | €16k | €20k | €14k | €25k | ▲ 74.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.09M | €1.04M | €1.18M | €1.09M | €1.03M | ▼ 5.6% |
| Equity10/15 | €686k | €693k | €513k | €333k | €334k | ▲ 0.3% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €624k | €631k | €451k | €271k | €272k | ▲ 0.3% |
| Non-distributable reserves130/1 | €4k | €4k | €6k | €6k | €6k | = |
| Legal reserve130 | €4k | €4k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | €68k | €68k | - | - | - | - |
| Distributable reserves133 | €553k | €559k | €445k | €265k | €266k | ▲ 0.4% |
| Amounts payable17/49 | €405k | €344k | €667k | €753k | €692k | ▼ 8.2% |
| Amounts payable after more than one year17 | €79k | €98k | €86k | €77k | €94k | ▲ 21.4% |
| Financial debts170/4 | €79k | €98k | €86k | €77k | €94k | ▲ 21.4% |
| Amounts payable within one year42/48 | €327k | €243k | €547k | €676k | €583k | ▼ 13.7% |
| Current portion of amounts payable after more than one year42 | €50k | €41k | €49k | €59k | €156k | ▲ 167% |
| Trade debts44 | €100k | €109k | €107k | €106k | €150k | ▲ 41.5% |
| Suppliers440/4 | €100k | €109k | €107k | €106k | €150k | ▲ 41.5% |
| Taxes, remuneration and social security45 | €107k | €78k | €137k | €215k | €130k | ▼ 39.4% |
| Taxes450/3 | €5k | €4k | €29k | €58k | €34k | ▼ 41.6% |
| Remuneration and social security454/9 | €102k | €74k | €108k | €157k | €97k | ▼ 38.7% |
| Other amounts payable47/48 | €70k | €14k | €255k | €295k | €146k | ▼ 50.6% |
| Accrued charges and deferred income492/3 | - | €3k | €33k | €466 | €15k | ▲ 3,029% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-16k | €7k | €71k | €115k | €147k | ▲ 27.8% |
| + Depreciation and write-downs630 | €73k | €47k | €56k | €59k | €66k | ▲ 11.8% |
| Operating cash flow (approximation) | €57k | €53k | €127k | €174k | €213k | ▲ 22.4% |
| Investment in fixed assets (approximation) | - | €-69k | €-51k | €-56k | €-93k | ▼ 66.7% |
| Change in cash | - | €-73k | €61k | €200k | €-351k | ▼ 275% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 23 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
31-12
Financial
Highest result since 2018net €272k ▲95.1%
Operating result €421k, net result €272k, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 19 days late
2018
18-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 18 days late
2017
11-07
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.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Zottegem · 1 establishment unit since 1977
Ground area
380 m²
Building footprint
482 m²
Volume, LiDAR
4,236 m³
Parcel 41023A0301/00Y000, Flanders · tallest building 15.7 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
DE SUTTER ELECTRONICS
since 19772.014.610.717
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41023A0301/00Y000 | Flanders | 380 m² | 1 · 482 m² | 15.7 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 4,084 EUR awarded · 3,431 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 861 EUR | 861 EUR |
| 2024 | 2 | 2,253 EUR | 1,464 EUR |
| 2023 | 1 | 389 EUR | 525 EUR |
| 2022 | 1 | 581 EUR | 581 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Recognised contractor
5 categoriesDE SUTTER ELECTRONICS NV12214
Dual-learning approval
2 live approvalsElektrotechnicus (vwo)
Elektrotechnicus duaal (so)
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 7,395 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-07-1977
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
47540Retail sale of electrical household appliances
61100Wired, wireless and satellite telecommunications
61200Telecommunications resale and intermediation services
80090Investigation and security activities
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Scores and ratios are computed by Checked and are not a credit decision.