ELECTRO MOTOR SERVICE
ActiveELECTRO MOTOR SERVICE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.26M and a net result of €27k. Equity is shrinking by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 75% of 126 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▲+17
Solvency92▲+3
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity tight (current ratio 1.0 against 0.81 in 2024; short-term debt: 32.8% and cash: 25.1% of total assets), and 32.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 27
Relative position
BE, all sectors
reference
Sector 27
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
67.2%
Return on assets
1.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
29 d late
2023
40 d late
2022
21 d late
2021
20 d early
2020
54 d late
2019
63 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.26M▲ 2.2%
2024 · €1.23M
2018: €1.52M
2019: €1.40M
2020: €1.39M
2021: €1.28M
2022: €1.26M
2023: €1.26M
2024: €1.23M
2018 → 2025
Total assets
€1.88M▼ 2.8%
2024 · €1.93M
2018: €2.80M
2019: €2.42M
2020: €2.34M
2021: €2.17M
2022: €2.10M
2023: €2.04M
2024: €1.93M
2018 → 2025
Net result
€27k
2024 · €-26k
2018: €-11k
2019: €-114k
2020: €-8k
2021: €-113k
2022: €-21k
2023: €-698
2024: €-26k
2018 → 2025
Working capital
€1k
2024 · €-129k
2018: €-468k
2019: €-438k
2020: €-353k
2021: €-350k
2022: €-325k
2023: €-214k
2024: €-129k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.28M-€1.26M▼ 1.6%€1.26M▼ 0.1%€1.23M▼ 2.0%€1.26M▲ 2.2%
Operating result€-78k-€14k€44k▲ 225%€30k▼ 31.3%€71k▲ 134%
Net result€-113k-€-21k▲ 81.6%€-698▲ 96.7%€-26k▼ 3,560%€27k
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 recovers in 2025; 2025 is 134% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.88M
Fixed assets
€1.26M▼ 7.6%
Current assets
€617k▲ 8.6%
Equity and liabilities €1.88M
Equity
€1.26M▲ 2.2%
Debt
€616k▼ 11.7%
The debt ratio falls from 36.1% to 32.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€196k▲
2024 · €160k
Cash flow
€152k▲
2024 · €104k
Solvency
67.2%▲
2024 · 63.9%
Current ratio
1.00▲
2024 · 0.81
Quick ratio
0.91▲
2024 · 0.72
Debt / equity
0.49▼
2024 · 0.57
ROE
2.1%▲
2024 · -2.1%
ROA
1.4%▲
2024 · -1.3%
Interest coverage
4.46▲
2024 · 2.91
Debt
€616k▼
2024 · €698k
Debt ≤ 1 year
€616k▼
2024 · €698k
Income taxes
€1k▲
2024 · €1k
Staff costs
€158k▲
2024 · €155k
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€1.93M€1.88M▼
Fixed assets21/28€1.36M€1.26M▼
Tangible fixed assets22/27€1.36M€1.26M▼
Land and buildings22€1.32M€1.23M▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€40k€26k▼
Financial fixed assets28€135€135=
Current assets29/58€568k€617k▲
Stocks and contracts in progress3€67k€58k▼
Stocks30/36€59k€52k▼
Contracts in progress37€8k€5k▼
Amounts receivable within one year40/41€71k€82k▲
Trade receivables40€67k€77k▲
Other amounts receivable41€4k€5k▲
Cash at bank and in hand54/58€420k€470k▲
Deferred charges and accrued income490/1€10k€7k▼
Equity and liabilities
Total equity and liabilities10/49€1.93M€1.88M▼
Equity10/15€1.23M€1.26M▲
Contributions10/11€1.14M€1.14M=
Capital10€1.14M€1.14M=
Issued capital100€1.14M€1.14M=
Reserves13€423k€423k=
Non-distributable reserves130/1€23k€23k=
Legal reserve130€23k€23k=
Distributable reserves133€400k€400k=
Profit (loss) carried forward14€-327k€-300k▲
Amounts payable17/49€698k€616k▼
Amounts payable within one year42/48€698k€616k▼
Trade debts44€19k€35k▲
Suppliers440/4€19k€35k▲
Taxes, remuneration and social security45€28k€25k▼
Taxes450/3€18k€14k▼
Remuneration and social security454/9€11k€11k▲
Other amounts payable47/48€651k€556k▼
Income statement
Code20242025
Remuneration, social security and pensions62€155k€158k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€130k€125k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-20k-
Other operating charges640/8€36k€16k▼
Gross operating margin9900€331k€370k▲
Operating profit (loss)9901€30k€71k▲
Financial income75/76B€26€1k▲
Recurring financial income75€26€1k▲
Financial charges65/66B€55k€44k▼
Recurring financial charges65€55k€44k▼
Profit (loss) for the period before taxes9903€-24k€28k▲
Income taxes67/77€1k€1k▲
Profit (loss) for the period9904€-26k€27k▲
Profit (loss) for the period to be appropriated9905€-26k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-327k€-300k▲
Profit (loss) brought forward from the previous period14P€-301k€-327k▼
The notes to these accounts (7 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial
Back to profitnet €27k
Net result €27k after 7 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 40 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 54 days late
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 63 days late
2019
31-12
Financial
Weakest financial yearnet €-114k
Net result drops to €-114k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Veurne · 1 establishment unit since 1991
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.
Handelsstraat 108630 VeurneGround area
1,801 m²
Building footprint
652 m²
Volume, LiDAR
4,019 m³
Parcel 38024A0154/00K000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Handelsstraat 10, 8630 Veurne
since 19912.055.088.025
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38024A0154/00K000 | Flanders | 1,801 m² | 1 · 652 m² | 7.0 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 89 EUR awarded · 89 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 89 EUR | 89 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
P&I
BE 0890.392.890
Wetteren · Eq €1.31M
CEGELEC CONTROL SYSTEMS & SERVICES
BE 0842.188.642
Brussel · Eq €1.33M
BRYON
BE 0439.165.916
Assenede · Eq €1.18M
TABLEAUTEC
BE 0542.686.987
Anderlecht · Eq €1.35M
AUTOMATION-TECHNIQUE-INDUSTRIE
BE 0878.051.423
Thimister-Clermont · Eq €1.16M
Of 155 companies in sector 27120 we hold annual accounts for 113. 80 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-10-1991
Fiscal year end31-12
Activities, NACEBEL
27120Manufacture of electrical equipment
26300Manufacture of computer, electronic and optical products
31621
52740
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.