EURELEC
ActiveSummary
EURELEC has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €120k and a net result of €5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
78
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability83▼-10
Solvency100▲+43
Growth85=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.21 against 0.64 in 2023; short-term debt: 5.4% and cash: 0% of total assets), and 5.4% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €120k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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
not confirmed
2024
55 d late
2023
63 d late
2022
71 d late
2021
118 d late
2020
87 d late
2019
289 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€60k▼ 13.7%
2023 · €69k
2020: €4k
2021: €18k
2022: €40k
2023: €69k
2020 → 2024
EBIT margin
9.2%▼ 48.0pp
2023 · 57.2%
2020: -306.5%
2021: 21.3%
2022: 9.2%
2023: 57.2%
2020 → 2024
Net result
€5k▼ 86.3%
2023 · €39k
2018: €-13k
2019: €-14k
2020: €-13k
2021: €4k
2022: €4k
2023: €39k
2018 → 2024
Working capital
€-5k▲ 90.6%
2023 · €-58k
2018: €-64k
2019: €-70k
2020: €-76k
2021: €-65k
2022: €-55k
2023: €-58k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€4k-€18k▲ 325%€40k▲ 127%€69k▲ 73.7%€60k▼ 13.7%
Equity€29k-€32k▲ 13.0%€36k▲ 10.9%€75k▲ 108%€120k▲ 60.1%
Operating result€-13k-€4k€4k▼ 1.9%€40k▲ 980%€6k▼ 86.1%
Net result€-13k-€4k€4k▼ 5.2%€39k▲ 1,000%€5k▼ 86.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 86% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €127k
Fixed assets
€126k ▼ 5.5%
Current assets
€1k ▼ 98.6%
Equity and liabilities €127k
Equity
€120k ▲ 60.1%
Debt
€7k ▼ 95.7%
Debt's share of the balance-sheet total falls from 68.1% to 5.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13k▼
2023 · €47k
Cash flow
€13k▼
2023 · €47k
Current ratio
0.21▼
2023 · 0.64
Debt to equity
0.06▼
2023 · 2.13
ROE
4.5%▼
2023 · 52.0%
ROA
4.2%▼
2023 · 16.6%
Interest coverage
80.90▼
2023 · 352.41
Debt ≤ 1 year
€7k▼
2023 · €160k
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 · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€235k€127k▼
Fixed assets21/28€133k€126k▼
Tangible fixed assets22/27€133k€126k▼
Land and buildings22€133k€126k▼
Current assets29/58€102k€1k▼
Amounts receivable within one year40/41€86k€1k▼
Trade receivables40€83k€1k▼
Other amounts receivable41€2k€0▼
Cash at bank and in hand54/58€17k€36▼
Equity and liabilities
Total equity and liabilities10/49€235k€127k▼
Equity10/15€75k€120k▲
Contributions10/11€6k€19k▲
Capital10€6k€19k▲
Issued capital100€19k€19k=
Uncalled capital101€12k€0▼
Revaluation surpluses12€93k€93k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-26k€6k▲
Amounts payable17/49€160k€7k▼
Amounts payable within one year42/48€160k€7k▼
Trade debts44€49k€4k▼
Suppliers440/4€49k€4k▼
Taxes, remuneration and social security45€8k€2k▼
Taxes450/3€8k€2k▼
Other amounts payable47/48€103k€1k▼
Income statement
Code20232024
Turnover70€69k€60k▼
Goods, raw materials, services and sundry goods60/61€22k€47k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€7k▼
Other operating charges640/8€732€0▼
Non-recurring operating charges66A€0-
Gross operating margin9900€48k€13k▼
Operating profit (loss)9901€40k€6k▼
Financial charges65/66B€135€159▲
Recurring financial charges65€135€159▲
Profit (loss) for the period before taxes9903€40k€5k▼
Income taxes67/77€500-
Profit (loss) for the period9904€39k€5k▼
Profit (loss) for the period to be appropriated9905€39k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-26k€6k▲
Profit (loss) brought forward from the previous period14P€-65k€1k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
31-12
Financial
Equity above €100kEq €120k ▲60.1%
4 profitable years in a row build equity to €120k.
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 63 days late
2023
31-12
Financial
Highest result since 2018net €39k ▲1000%
Operating result €40k, net result €39k, both a record.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
26-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 118 days late
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
16-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 289 days late
2019
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 241 days late
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 606 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Sint-Pieters-Woluwe · 1 establishment unit since 1989
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.
Paul Wemaerestraat 431150 Sint-Pieters-WoluweGround area
169 m²
Building footprint
108 m²
Volume, LiDAR
1,061 m³
Parcel 21684B0002/00T008, Brussels · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SPRL EURELEC
since 19892.043.192.756
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21684B0002/00T008 | Brussels | 169 m² | 1 · 108 m² | 12.7 m · 3 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.
Similar companies · same sector, comparable size
Belgis Holds Investments
BE 0799.444.997
Zaventem · Eq €120,139
ALGEMENE BOUWONDERNEMING GEBR. MAES
BE 0449.997.153
Oudsbergen · Eq €120,201
NCA CONCEPT
BE 0768.237.525
Wemmel · Eq €120,072
LD & B COMPANY
BE 1002.391.070
Zaventem · Eq €120,226
Benjamin Lejeune CONSTRUCTION
BE 0759.999.057
Vielsalm · Eq €120,049
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 12,973 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-03-1989
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43240Other construction installation
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.