XELEC
ActiveXELEC has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €233k and a net result of €6k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 37% of 7689 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
66
/ 100
Healthy▼ -28 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▼-11
Solvency63▼-37
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 5.54 in 2024), and 66.5% 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 · 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 · 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
33.5%
Return on assets
0.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
on the day
2021
2 d late
2020
1 d late
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€233k▼ 68.9%
2024 · €748k
2019: €662k
2020: €664k
2021: €664k
2022: €701k
2023: €713k
2024: €748k
2019 → 2025
Total assets
€696k▼ 26.9%
2024 · €952k
2019: €987k
2020: €765k
2021: €828k
2022: €841k
2023: €821k
2024: €952k
2019 → 2025
Net result
€6k▼ 83.2%
2024 · €35k
2019: €118k
2020: €1k
2021: €516
2022: €37k
2023: €12k
2024: €35k
2019 → 2025
Working capital
€192k▼ 72.5%
2024 · €699k
2019: €546k
2020: €548k
2021: €578k
2022: €650k
2023: €676k
2024: €699k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€664k-€701k▲ 5.6%€713k▲ 1.7%€748k▲ 5.0%€233k▼ 68.9%
Operating result€-6k-€57k€15k▼ 73.1%€52k▲ 234%€10k▼ 81.4%
Net result€516-€37k▲ 7,050%€12k▼ 68.6%€35k▲ 206%€6k▼ 83.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 81% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €696k
Fixed assets
€75k▼ 23.8%
Current assets
€621k▼ 27.3%
Equity and liabilities €696k
Equity
€233k▼ 68.9%
Debt
€463k▲ 127%
The debt ratio rises from 21.4% to 66.5%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€33k▼
2024 · €75k
Cash flow
€29k▼
2024 · €59k
Solvency
33.5%▼
2024 · 78.6%
Current ratio
1.45▼
2024 · 5.54
Quick ratio
0.97▼
2024 · 4.28
Debt / equity
1.99▲
2024 · 0.27
ROE
2.6%▼
2024 · 4.7%
ROA
0.9%▼
2024 · 3.7%
Interest coverage
10.32▼
2024 · 19.69
Debt
€463k▲
2024 · €204k
Debt ≤ 1 year
€429k▲
2024 · €154k
Debt > 1 year
€34k▼
2024 · €50k
Income taxes
€4k▼
2024 · €16k
Staff costs
€71k▲
2024 · €71k
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€952k€696k▼
Fixed assets21/28€99k€75k▼
Tangible fixed assets22/27€96k€72k▼
Plant, machinery and equipment23€23k€17k▼
Furniture and vehicles24€73k€55k▼
Financial fixed assets28€3k€3k=
Current assets29/58€854k€621k▼
Amounts receivable after more than one year29€85k€0▼
Other amounts receivable291€85k€0▼
Stocks and contracts in progress3€193k€205k▲
Stocks30/36€20k€20k=
Contracts in progress37€173k€185k▲
Amounts receivable within one year40/41€361k€346k▼
Trade receivables40€340k€310k▼
Other amounts receivable41€21k€36k▲
Cash at bank and in hand54/58€198k€57k▼
Deferred charges and accrued income490/1€16k€13k▼
Equity and liabilities
Total equity and liabilities10/49€952k€696k▼
Equity10/15€748k€233k▼
Contributions10/11€31k€31k=
Reserves13€717k€202k▼
Non-distributable reserves130/1€17k€17k=
Reserves not available under the articles1311€17k€17k=
Distributable reserves133€701k€185k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€204k€463k▲
Amounts payable after more than one year17€50k€34k▼
Financial debts170/4€50k€34k▼
Amounts payable within one year42/48€154k€429k▲
Current portion of amounts payable after more than one year42€15k€15k▲
Trade debts44€111k€205k▲
Suppliers440/4€111k€205k▲
Taxes, remuneration and social security45€27k€14k▼
Taxes450/3€16k€4k▼
Remuneration and social security454/9€11k€10k▼
Other amounts payable47/48€2k€195k▲
Accrued charges and deferred income492/3€45€6▼
Income statement
Code20242025
Non-recurring operating income76A€17k€0▼
Remuneration, social security and pensions62€71k€71k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€23k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4k
Other operating charges640/8€4k€6k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€150k€114k▼
Operating profit (loss)9901€52k€10k▼
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€51k€10k▼
Income taxes67/77€16k€4k▼
Profit (loss) for the period9904€35k€6k▼
Profit (loss) for the period to be appropriated9905€35k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€35k€6k▼
Transfer from equity791/2-€521k
Transfer to equity691/2€35k€6k▼
To other reserves6921€35k€6k▼
Profit to be distributed694/7-€521k
Return on contributions (dividend)694-€521k
Social balance
Average headcount (FTE)90871.11.0▼
The notes to these accounts (14 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
02-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
2021
30-06
Financial
Weakest financial yearnet €516 ▼65%
Net result drops to €516, the lowest in the series; recovery starts the following year.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 1 day late
2020
30-06
Financial
Liquidity doublescurrent ratio 6.44
Current ratio from 2.83 to 6.44; short-term debt falls from €298k to €101k.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
15-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 15 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Lille · 1 establishment unit since 1995
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.
Hemeldonk 152275 LilleGround area
1,443 m²
Building footprint
143 m²
Volume, LiDAR
1,100 m³
Parcel 13009A0388/00G000, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
XELEC
since 19952.072.104.991
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13009A0388/00G000 | Flanders | 1,443 m² | 1 · 143 m² | 10.8 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
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Technibel
BE 0449.219.074
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CLIMASAN
BE 0536.376.445
Nazareth-De Pinte · Eq €233k
STROUVEN
BE 0440.193.522
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Altec Innovations
BE 1002.148.867
Heusden-Zolder · Eq €233k
Of 22,740 companies in sector 43211 we hold annual accounts for 10,273. 7,990 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-06-1995
Fiscal year end30-06
Activities, NACEBEL
43211General electrical installation work
45310
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
52450
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.