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PPA-Electronics

Active
Private limited companyfounded 200719 yrs activeVekestraat 48, 1910 Kampenhout, BelgiumKBO/BCE: BE 0891.773.260
Summary

PPA-Electronics has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of €1.0m. Equity is growing by ~62.3% per year across the filed fiscal years. Its solvency ranks better than 69% of 8741 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
PPA-ElectronicsActiveChecked score 93/100
Risk analysis ReportCompare

Overview

Activity
Wholesale of other machinery and equipment
NACE 46649NACE 46699Business and other management consultancy NACE 70200
#10 company by equity in Kampenhout, Wholesale and retail trade sector1 site
Size
€3.5mtotal assets 2025
Staff
5.4 FTE
Equity
€2.2m
Profit
€1.0m
Turnover not published (abridged schema)
Financial health
93 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Holdings
1
Accounts filed 6 d late1 of 9 deeds read
Why 93- 1 change of registered office in 24 months+ Figures for FY 2025 (filed 06-08-2026)+ Liquidity: current ratio 2.14, cash €734,591+ Size: 5.4 FTE, total assets €3.5mShow the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Better than 81% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 88+26
equity 63.2% of total assets
Liquidity 60+12
short-term debt 36.2% · cash 21.2%
Profitability 100=
return on assets 29.3%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,765 companies)
Last 16 months 07-2025: 0.2%lowest value 08-2025: 0.4%▲ +120% vs 07-2025 09-2025: 0.5%▲ +22.5% vs 08-2025 10-2025: 0.8%▲ +64.3% vs 09-2025 11-2025: 0.8%▲ +4.0% vs 10-2025 12-2025: 0.2%▼ -75.4% vs 11-2025 01-2026: 0.2%▼ -1.0% vs 12-2025 02-2026: 0.2%▲ +5.1% vs 01-2026 03-2026: 0.2%▲ +15.9% vs 02-2026 04-2026: 0.3%▲ +5.0% vs 03-2026 05-2026: 0.8%▲ +198% vs 04-2026 06-2026: 1.0%▲ +26.9% vs 05-2026 07-2026: 1.2%▲ +21.8% vs 06-2026 08-2026: 1.7%▲ +46.3% vs 07-2026highest value 09-2026: 0.2%▼ -89.2% vs 08-2026 10-2026: 0.2%▲ +2.7% vs 09-2026
  • 1 change of registered office in 24 months raises the probability
  • Figures for FY 2025 (filed 06-08-2026) lowers the probability
  • Liquidity: current ratio 2.14, cash €734,591 lowers the probability
  • Size: 5.4 FTE, total assets €3.5m lowers the probability for this profile
Credit up to €200,000 at 30 days acceptable
Liquidity ample (current ratio 2.14 against 1.52 in 2024; short-term debt: 36.2% and cash: 21.2% of total assets), and 36.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 69%, liquidity 66%, profitability 95%, growth against the median 92%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Figures for FY 2025 (filed 06-08-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Liquidity: current ratio 2.14, cash €734,591
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Size: 5.4 FTE, total assets €3.5m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 filings
Deviation from the deadline
2025
6 d late
2024
116 d late
2023
36 d early
2022
33 d early
2021
11 d late
2020
31 d late
2019
67 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 23 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

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. Usually files around 6 August (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Resignation: DODI-GROUP BV (director)Permanent representative: Doriane Franckx ·…
  3. Highest result since 2018net €1.0m ▲25.4%

Key points

  • Positive: Equity rose in 2025from €1.2m to €2.2m ▲ 86.5% View
  • Positive: Among the best 5% on net resultsector median €28,793 · 8,721 companies €1.0m View
  • Positive: 8 profitable years in a rowprofit 2025: €1.0m 8 years View
  • A director leftlatest change 20-11-2025 · 0 in office 1 left View
  • Flemish supportawarded 2022 - 2025 €56,298 View

By topic

Financials

Fiscal year
2025
Total assets
€3.5m
Profit
€1.0m
Solvency
63.2%
Total assets▲ 9.7%
Net result
20182025
Go to Financials

Timeline

Events
18
Since
2017
Next accounts
by 31-07-2027
  1. 06-08-2026Annual accounts filed
  2. 01-04-2026Resignation: DODI-GROUP BV (director)
  3. 31-12-2025Highest result since 2018
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Wholesale of other machinery and equipmentNACE 46649
Founded
20-08-2007
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark

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