Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
ELECTRONIC ASSOCIATES from Keerbergen, company number BE0459098228, closed financial year 2026 with a result of € 72,098 after tax. For that financial year ELECTRONIC ASSOCIATES recorded revenue of € 512,435 and equity of € 2.2 million. Compared with financial year 2025, the result moved from € 122,525 to € 72,098. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 23, 2026.
€ 2.2 million
▲ 3% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 72,098
▼ 41% vs 2025
Profit after tax over the fiscal year.
€ 16,932
▼ 97% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € -434,375.
People and assets in 2026
1
Average over the fiscal year, from the social balance sheet.
€ 100,249
▲ 17% vs 2025
€ 100,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 120,510
▼ 32% vs 2025
Of which on lease € 66,948.
Debts at end 2026
€ 280,281
▼ 12% vs 2025
€ 106,878 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 153,388
▲ 77% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 161 days on average.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 441,996 | € 512,435 | ▲ 16% |
| Profit after taxes | € -13,828 | € -2,699,999 | € 122,525 | € 72,098 | ▼ 41% |
| Equity | € 300,978 | € -114,464 | € 2,100,173 | € 2,172,271 | ▲ 3% |
| Total debts | € 3,400,588 | € 2,662,200 | € 1,736,619 | € 875,557 | ▼ 50% |
| Cash | € 391 | € 1,047,754 | € 540,342 | € 16,932 | ▼ 97% |
| Land & buildings | - | - | € 2,052,036 | € 1,998,445 | ▼ 3% |
| Retained profit | € 177,032 | € -628,998 | € -506,473 | € -434,375 | ▲ € 72,098 |
| Bank debt | € 0 | € 442,973 | € 317,852 | € 280,281 | ▼ 12% |
| Balance sheet total | € 3,701,567 | € 2,547,737 | € 3,836,792 | € 3,047,828 | ▼ 21% |
| Employees (FTE) | - | - | 1 | 1 |
Key figures of ELECTRONIC ASSOCIATES, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 30 April 2028.
What happened to ELECTRONIC ASSOCIATES?
What happened at ELECTRONIC ASSOCIATES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ferdinand Schrijvers stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 72,098 (▼ 41% vs 2025). Source: NBB ↗
- Ferdinand Schrijvers became a director. NBB
- New establishment in Keerbergen. KBO
- Start of the company according to the CBE. KBO
In short
From € 13,828 loss in 2023 to € 72,098 profit in 2026.
Paid € 18,440 in corporate taxes since 2023.
Best year ever: 2025, with € 122,525 profit.
Pays suppliers within 161 days on average.
Management
The stake of KUTOGLEN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ELECTRONIC ASSOCIATESThe shares are held by KUTOGLEN (20%). It owns FHP Associates itself.
Directors
According to the 2026 annual accounts
since 2023 · until 2029
Shareholders
20%
Participations
Establishments
Establishment units
Physical locations of this company
Tremelobaan 131
3140 Keerbergen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0459.098.228
- VAT number
- BE 0459.098.228
- Registered office
- Tremelobaan 131, 3140 Keerbergen
- Names & denominations
- ELECTRONIC ASSOCIATES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 October 1996
- Peppol
- Active · Active since 13 Sept 2025
- Activities · NACE
Activiteiten van holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Holdings
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen