NORMAL SITUATION

ELECTRASTAR

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Financial year 2025 · closed on 31/03/2025

Net result

111,5 k €

-87.6% YoY

Revenue

1,9 M €

-25.2% YoY

Equity

368,5 k €

-94.5% YoY

Company — Normal situation.

What does ELECTRASTAR do?

ELECTRASTAR is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0877.891.174

Legal form

Public limited company

Contributed capital

250 000,00 €

Latest accounts

31/03/2025

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	1,9 M €	-25.2%	2,6 M €	-14.4%	3 M €	-14.1%	3,5 M €	-37.5%	5,6 M €	+12.6%	4,9 M €	+12.9%	4,4 M €	-7.9%	4,8 M €	+1.1%	4,7 M €	-12.2%	5,4 M €	+2.7%	5,2 M €	-1.6%	5,3 M €	-5.5%	5,6 M €	+1.6%	5,5 M €	+51.7%	3,6 M €	+1.2%	3,6 M €	-9.0%	3,9 M €	+2.4%	3,9 M €
EBITDA	781,4 k €	-57.1%	1,8 M €	+13.8%	1,6 M €	-33.7%	2,4 M €	-45.5%	4,4 M €	+16.7%	3,8 M €	+7.9%	3,5 M €	-10.0%	3,9 M €	+1.1%	3,9 M €	-14.3%	4,5 M €	-2.4%	4,6 M €	+0.9%	4,6 M €	-4.3%	4,8 M €	+0.9%	4,7 M €	+52.9%	3,1 M €	-3.6%	3,2 M €	-8.1%	3,5 M €	-10.3%	3,9 M €
Operating result	169,9 k €	-85.9%	1,2 M €	+46.7%	823,4 k €	+87.5%	439,2 k €	-83.2%	2,6 M €	+32.1%	2 M €	+16.4%	1,7 M €	-18.6%	2,1 M €	+3.8%	2 M €	-20.5%	2,5 M €	-3.9%	2,6 M €	+1.5%	2,6 M €	-7.3%	2,8 M €	+2.5%	2,7 M €	+55.9%	1,8 M €	-9.1%	1,9 M €	-11.9%	2,2 M €	-14.7%	2,6 M €
Net result	111,5 k €	-87.6%	895,8 k €	+46.8%	610,3 k €	+38.7%	440,1 k €	-79.4%	2,1 M €	+26.3%	1,7 M €	+10.4%	1,5 M €	-11.7%	1,7 M €	+7.0%	1,6 M €	-18.7%	2 M €	+0.8%	2 M €	+38.6%	1,4 M €	-2.9%	1,5 M €	+3.4%	1,4 M €	+22.8%	1,2 M €	+2.0%	1,1 M €	-17.7%	1,4 M €	-16.0%	1,6 M €
Balance sheet
Equity	368,5 k €	-94.5%	6,7 M €	-15.6%	7,9 M €	+0.1%	7,9 M €	-2.1%	8 M €	+4.7%	7,7 M €	+2.9%	7,5 M €	+6.5%	7 M €	+10.4%	6,4 M €	+9.4%	5,8 M €	+10.8%	5,2 M €	+11.7%	4,7 M €	+10.6%	4,2 M €	+13.1%	3,8 M €	+13.4%	3,3 M €	+5.8%	3,1 M €	+17.1%	2,7 M €	-6.9%	2,9 M €
Total assets	8,5 M €	-19.9%	10,6 M €	-1.4%	10,8 M €	-2.8%	11,1 M €	-13.8%	12,9 M €	+1.6%	12,7 M €	-0.3%	12,7 M €	-5.5%	13,5 M €	-4.4%	14,1 M €	-16.4%	16,8 M €	-12.7%	19,3 M €	-8.4%	21 M €	-9.2%	23,2 M €	-7.4%	25 M €	-6.3%	26,7 M €	+26.9%	21 M €	-2.4%	21,5 M €	-6.3%	23 M €
Cash	–		–		–		412,3 k €	0.0%	412,3 k €	0.0%	412,3 k €	0.0%	412,3 k €	0.0%	412,3 k €	-70.0%	1,4 M €	-0.1%	1,4 M €	+0.1%	1,4 M €	-29.3%	1,9 M €	-14.6%	2,3 M €	-4.7%	2,4 M €	-23.3%	3,1 M €	-14.3%	3,6 M €	+221%	1,1 M €	-71.2%	3,9 M €
Debts	6,5 M €	+173%	2,4 M €	+76.6%	1,4 M €	-21.4%	1,7 M €	-52.3%	3,6 M €	-11.4%	4,1 M €	-12.0%	4,6 M €	-21.3%	5,9 M €	-18.1%	7,2 M €	-31.7%	10,5 M €	-22.4%	13,5 M €	-14.7%	15,9 M €	-14.1%	18,5 M €	-11.3%	20,8 M €	-9.4%	23 M €	+30.9%	17,5 M €	-5.3%	18,5 M €	-6.4%	19,8 M €

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 15 ended

Active mandates

REALFI

Managing director · since 01 avril 2011 · until 05 septembre 2029 · 0888.068.355

Represented by Miguel de Schaetzen

Active

ENECO WIND BELGIUM

Director · since 18 juillet 2006 · until 05 septembre 2029 · 0475.012.760

Represented by Erwin Leeuwis

Active

Ended mandates

REALFI

Managing director · since 01 avril 2011 · until 02 mai 2017 · 0888.068.355

Represented by Miguel de Schaetzen

Ended

REALFI

Managing director · since 01 avril 2011 · until 02 mai 2017 · 0888.068.355

Represented by Miguel de Schaetzen

Ended

REALFI

Managing director · since 01 avril 2011 · until 01 mai 2023 · 0888.068.355

Represented by Miguel de Schaetzen

Ended

REALFI

Managing director · since 01 avril 2011 · until 01 mai 2023 · 0888.068.355

Represented by Miguel de Schaetzen

Ended

Annual accounts

Full financial information

	2025	2024	2023	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/04/2024	01/04/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	15 months	12 months	12 months	12 months
Filing date	01/10/2025	27/09/2024	30/10/2023	15/06/2022	03/06/2021	11/05/2020
General meeting	01/09/2025	04/09/2024	25/10/2023	16/05/2022	24/05/2021	04/05/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/03/2025	01/09/2025	01/10/2025	French	PDF
Full model	31/03/2024	04/09/2024	27/09/2024	French	PDF
Full model	31/03/2023	25/10/2023	30/10/2023	French	PDF
Full model	31/12/2021	16/05/2022	15/06/2022	French	PDF
Full model	31/12/2020	24/05/2021	03/06/2021	French	PDF
Full model	31/12/2019	04/05/2020	11/05/2020	French	PDF
Full model	31/12/2018	06/05/2019	16/05/2019	French	PDF
Full model	31/12/2017	07/05/2018	07/06/2018	French	PDF
Full model	31/12/2016	02/05/2017	31/05/2017	French	PDF
Full model	31/12/2015	02/05/2016	03/05/2016	French	PDF
Full model	31/12/2014	04/05/2015	24/08/2015	French	PDF
Full model	31/12/2013	05/05/2014	19/06/2014	French	PDF
Full model	31/12/2012	06/05/2013	24/07/2013	French	PDF
Full model	31/12/2011	07/05/2012	29/05/2012	French	PDF
Full model	31/12/2010	02/05/2011	22/06/2011	French	PDF
Full model	31/12/2009	14/06/2010	28/07/2010	French	PDF
Full model	31/12/2008	25/05/2009	31/07/2009	French	PDF
Abridged model	31/12/2007	23/04/2008	27/06/2008	French	PDF
Abridged model	31/12/2006	21/02/2007	22/03/2007	French	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 15 ended

Active mandates

REALFI

Managing director · since 01 avril 2011 · until 05 septembre 2029 · 0888.068.355

Represented by Miguel de Schaetzen

Active

ENECO WIND BELGIUM

Director · since 18 juillet 2006 · until 05 septembre 2029 · 0475.012.760

Represented by Erwin Leeuwis

Active

Ended mandates

REALFI

Managing director · since 01 avril 2011 · until 02 mai 2017 · 0888.068.355

Represented by Miguel de Schaetzen

Ended

REALFI

Managing director · since 01 avril 2011 · until 02 mai 2017 · 0888.068.355

Represented by Miguel de Schaetzen

Ended

REALFI

Managing director · since 01 avril 2011 · until 01 mai 2023 · 0888.068.355

Represented by Miguel de Schaetzen

Ended

REALFI

Managing director · since 01 avril 2011 · until 01 mai 2023 · 0888.068.355

Represented by Miguel de Schaetzen

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025111,5 k €↓
2024
Annual accounts 2024895,8 k €↑
2023
Annual accounts 2023610,3 k €↑
2021
Annual accounts 2021440,1 k €↓
2020
Annual accounts 20202,1 M €↑
2019
Annual accounts 20191,7 M €↑
2018
Annual accounts 20181,5 M €↓
2017
Annual accounts 20171,7 M €↑
2016
Annual accounts 20161,6 M €↓
2015
Annual accounts 20152 M €↑
2014
Annual accounts 20142 M €↑
2013
Annual accounts 20131,4 M €↓
2012
Annual accounts 20121,5 M €↑
2011
Annual accounts 20111,4 M €↑
2010
Annual accounts 20101,2 M €↑
2009
Annual accounts 20091,1 M €↓
2008
Annual accounts 20081,4 M €↓
2007
Annual accounts 20071,6 M €

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ELECTRASTAR

Overview

What does ELECTRASTAR do?

Trend over 18 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline