Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Electus Corporation from Waasmunster, company number BE0769958878, closed financial year 2025 with a result of € 9,910 after tax. For that financial year Electus Corporation recorded a gross margin of € 136,245 and equity of € -9,721. Compared with financial year 2024, the result moved from € -51,525 to € 9,910. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ -9,721
▲ € 9,910 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9,910
▲ still € 51,525 loss in 2024
Profit after tax over the fiscal year.
€ 13,233
▲ € 13,223 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 € -14,721.
People and assets in 2025
€ 79,673
▲ 23% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 22,710
▼ 41% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 371,373
▼ 9% vs 2024
€ 25,066 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 11,045
▲ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 30,264
▲ 11% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 128,682 | € 71,308 | € 116,789 | € 136,245 | ▲ 17% |
| Profit after taxes | € 45,560 | € -18,666 | € -51,525 | € 9,910 | ▲ € 61,435 |
| Equity | € 50,560 | € 31,894 | € -19,631 | € -9,721 | ▲ € 9,910 |
| Total debts | € 123,557 | € 113,838 | € 514,539 | € 483,598 | ▼ 6% |
| Cash | € 65,496 | € 35,817 | € 10 | € 13,233 | ▲ € 13,223 |
| Land & buildings | - | - | € 412,453 | € 404,186 | ▼ 2% |
| Retained profit | € 45,560 | € 26,894 | € -24,631 | € -14,721 | ▲ € 9,910 |
| Bank debt | € 49,867 | € 39,687 | € 408,536 | € 371,373 | ▼ 9% |
| Balance sheet total | € 174,117 | € 145,732 | € 494,908 | € 473,877 | ▼ 4% |
Key figures of Electus Corporation, 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 Electus Corporation?
What happened at Electus Corporation in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 9,910. Source: NBB ↗
- New establishment in Waasmunster. KBO
- Start of the company according to the CBE. KBO
In short
From € 45,560 profit in 2022 to € 9,910 profit in 2025.
Paid € 13,555 in corporate taxes since 2022.
Best year ever: 2022, with € 45,560 profit.
Management
Behind Electus Corporation is Reinhart Marginet.
Directors
According to the 2025 annual accounts
Reinhart Marginet
Director
Establishments
Establishment units
Physical locations of this company
Grote Baan 223
9250 Waasmunster
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
electuscorporation.com
Registered
2020-05-17
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-05-17
Website info
Features
Security
Details
- Company number
- 0769.958.878
- VAT number
- BE 0769.958.878
- Registered office
- Grote Baan 223, 9250 Waasmunster
- Names & denominations
- Electus Corporation
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 June 2021
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- electuscorporation.com
- Activities · NACE
Verspanend bewerken van metalen
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