Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
25 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Electroco from Gent, company number BE0686572829, closed financial year 2025 with a result of € 119,353 after tax. For that financial year Electroco recorded a gross margin of € 282,136 and equity of € 6.1 million. Compared with financial year 2024, the result moved from € 241,816 to € 119,353. 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 June 18, 2026.
€ 6.1 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 119,353
▼ 51% vs 2024
Profit after tax over the fiscal year.
€ 4,404
▼ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 5.1 million.
Debts at end 2025
€ 3.6 million
▲ 14% vs 2024
€ 271,959 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 24,339
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,981
▼ 3% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 110,354 | € 95,467 | € 154,298 | € 282,136 | ▲ 83% |
| Profit after taxes | € 464,738 | € 421,880 | € 241,816 | € 119,353 | ▼ 51% |
| Equity | € 5,351,490 | € 5,773,370 | € 6,015,186 | € 6,134,540 | ▲ 2% |
| Total debts | € 4,639,060 | € 4,217,614 | € 3,968,418 | € 3,821,969 | ▼ 4% |
| Cash | € 12,158 | € 41,634 | € 5,215 | € 4,404 | ▼ 16% |
| Retained profit | € 4,351,490 | € 4,773,370 | € 5,015,186 | € 5,134,540 | ▲ 2% |
| Bank debt | € 3,585,213 | € 3,320,892 | € 3,155,398 | € 3,592,090 | ▲ 14% |
| Balance sheet total | € 9,990,550 | € 9,990,984 | € 9,983,605 | € 9,956,509 |
Key figures of Electroco, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Electroco?
What happened at Electroco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 119,353 (▼ 51% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Nimoyraf BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 464,738 profit in 2022 to € 119,353 profit in 2025.
Paid € 17,745 in corporate taxes since 2022.
Best year ever: 2022, with € 464,738 profit.
Management
Behind Electroco are Tofino CommV, Mad Men BV, Nimoyraf BV and Napton BV. It owns 100% of VANDER ELST itself.
Directors
According to the 2025 annual accounts
Director · represented by Wim Vernaeve
Also active at: HOBO, VAN HOECKE, Green Park Dressco, WWWD, Green Park Investment Holding, Effectco, Soccerimproved, Make It Fly +4 more
Director · represented by Jan Froyman
Also active at: Artdeco, Green Park Dressco, WWWD, Green Park Investment Holding, Effectco, GUSTUM, GROOVEX, Make It Fly +2 more
since 2017
Establishments
Establishment units
Physical locations of this company
Coupure 64 box F
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 25 companies are registered at this address.
All companies at this address →LEVEL NINE
WILLEMS - VAN HUFFEL
€ 1.9 million gross margin · 2026
WWWD same network
€ 44,270 gross margin · 2025
NOVEN
€ 1.3 million gross margin · 2025
De Boterton
+20 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0686.572.829
- VAT number
- BE 0686.572.829
- Registered office
- Coupure 64 bus F, 9000 Gent
- Names & denominations
- Electroco
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 December 2017
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- [email protected]
- Activities · NACE
Activiteiten van holdings
Holdings