FASTELEC
ActiveThe computed 12-month bankruptcy probability of FASTELEC is 1.8% (moderate). The 2025 annual accounts show equity of €470k and a net result of €14k. Equity is growing by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 65% of 27676 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▼-23
Solvency86▲+5
Growth52=
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.01 against 2.31 in 2024; short-term debt: 12.5% and cash: 5% of total assets), and 39.4% of the assets are financed with debt.
Credit advice 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
Sector 43
higher
← 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
60.6%
Return on assets
1.8%
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 06-07-2026, 25 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
25 d early
2024
1 d early
2023
13 d early
2022
7 d early
2021
17 d early
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€470k▲ 3.1%
2024 · €456k
2021: €100k
2022: €215k
2023: €408k
2024: €456k
2021 → 2025
Total assets
€775k▼ 5.4%
2024 · €819k
2021: €113k
2022: €280k
2023: €851k
2024: €819k
2021 → 2025
Net result
€14k▼ 70.2%
2024 · €48k
2021: €88k
2022: €115k
2023: €193k
2024: €48k
2021 → 2025
Working capital
€98k▼ 30.5%
2024 · €142k
2021: €87k
2022: €205k
2023: €138k
2024: €142k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€100k-€215k▲ 116%€408k▲ 89.7%€456k▲ 11.8%€470k▲ 3.1%
Operating result€110k-€156k▲ 41.3%€254k▲ 63.1%€73k▼ 71.1%€33k▼ 54.5%
Net result€88k-€115k▲ 31.1%€193k▲ 67.2%€48k▼ 75.1%€14k▼ 70.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 54% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €775k
Fixed assets
€579k▲ 1.7%
Current assets
€196k▼ 21.7%
Equity and liabilities €775k
Equity
€470k▲ 3.1%
Debt
€305k▼ 16.2%
The debt ratio falls from 44.4% to 39.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43k▼
2024 · €80k
Cash flow
€24k▼
2024 · €54k
Solvency
60.6%▲
2024 · 55.6%
Current ratio
2.01▼
2024 · 2.31
Quick ratio
2.01▼
2024 · 2.31
Debt / equity
0.65▼
2024 · 0.80
ROE
3.0%▼
2024 · 10.5%
ROA
1.8%▼
2024 · 5.9%
Interest coverage
3.59▼
2024 · 5.73
Debt
€305k▼
2024 · €364k
Debt ≤ 1 year
€97k▼
2024 · €108k
Debt > 1 year
€208k▼
2024 · €256k
Income taxes
€7k▼
2024 · €12k
Staff costs
€64k▼
2024 · €66k
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€819k€775k▼
Fixed assets21/28€570k€579k▲
Intangible fixed assets21€278€128▼
Tangible fixed assets22/27€12k€22k▲
Plant, machinery and equipment23€5k€6k▲
Furniture and vehicles24€7k€16k▲
Financial fixed assets28€557k€557k=
Current assets29/58€250k€196k▼
Amounts receivable after more than one year29€15k-
Other amounts receivable291€15k-
Amounts receivable within one year40/41€143k€143k▼
Trade receivables40€65k€67k▲
Other amounts receivable41€78k€76k▼
Cash at bank and in hand54/58€89k€38k▼
Deferred charges and accrued income490/1€3k€14k▲
Equity and liabilities
Total equity and liabilities10/49€819k€775k▼
Equity10/15€456k€470k▲
Contributions10/11€13k€13k=
Profit (loss) carried forward14€443k€457k▲
Amounts payable17/49€364k€305k▼
Amounts payable after more than one year17€256k€208k▼
Financial debts170/4€256k€208k▼
Amounts payable within one year42/48€108k€97k▼
Current portion of amounts payable after more than one year42€50k€48k▼
Trade debts44€35k€32k▼
Suppliers440/4€35k€32k▼
Taxes, remuneration and social security45€23k€17k▼
Taxes450/3€16k€10k▼
Remuneration and social security454/9€8k€7k▼
Other amounts payable47/48-€286
Income statement
Code20242025
Non-recurring operating income76A€3k€2k▼
Remuneration, social security and pensions62€66k€64k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€10k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€148k€109k▼
Operating profit (loss)9901€73k€33k▼
Financial income75/76B€24€319▲
Recurring financial income75€24€319▲
Financial charges65/66B€14k€12k▼
Recurring financial charges65€14k€12k▼
Profit (loss) for the period before taxes9903€60k€22k▼
Income taxes67/77€12k€7k▼
Profit (loss) for the period9904€48k€14k▼
Profit (loss) for the period to be appropriated9905€48k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€443k€457k▲
Profit (loss) brought forward from the previous period14P€395k€443k▲
The notes to these accounts (12 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €14k ▼70.2%
Net result drops to €14k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €193k ▲67.2%
Operating result €254k, net result €193k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €215k ▲116%
2 profitable years in a row build equity to €215k.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Halle · 1 establishment unit since 2021
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.
Warande 1041500 HalleGround area
782 m²
Building footprint
319 m²
Volume, LiDAR
2,340 m³
2 parcels, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Fastelec
since 20212.314.616.671
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23412K0177/00W002 | Flanders | 592 m² | 1 · 142 m² | 8.5 m · 2 fl. |
| 23002F0914/00E002 | Flanders | 191 m² | 1 · 177 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
LD TECHNIC
BE 0823.176.048
Le Roeulx · Eq €470k
TECHNICIANS ELECTRICAL EN MAINTENANCE
BE 0704.821.202
Oostkamp · Eq €470k
GEMM
BE 0890.925.697
Antwerpen · Eq €470k
NEWBEL
BE 0648.847.648
Schaarbeek · Eq €469k
DEB-CO
BE 0764.431.561
Zwevegem · Eq €471k
Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 6,634 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-02-2021
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
41001General construction of residential buildings
43310Plastering work
43320Joinery installation
43331Floor and wall tiling
43341Painting of buildings
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.