Debts
€44,124 73% of the balance sheet
Financial debts 66%Suppliers 17%Taxes and wages 0%Other 16%
Of this, €14,988 falls due within a year.
20 ELEC SRL
Lifetime
14 annual accounts with figures on one time axispeak €38,709 (2012)
€9,644▼ 61.3%
lowest -€17,114 (2013)
-€3,408▼ €23,115
peak €23,797 (2019)
€16,418▼ 17.2%
€44,124▲ 8.4%
peak 1.7 FTE (2012)
-not published
Board1 name since 2011
1 directorJacques LEMAIRE
Documentsfilings and deeds
03-08-20263 days late
2025micro format
Gross margin from €24,889 to €9,644Loss of €3,408Equity from €19,825 to €16,418
Key points
from the 2025 annual accountsFilings
14 annual accounts since 2012
Nine of the last ten came late. The 2019 accounts came latest: 88 days after the end of the period.
Position in the sector
-€3,408
Lower net result than 81% of companies in specialised construction. Sector median €10,190 · 35,144 companies.
Checked score
67
Healthy
Financially stronger than 31% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 1.0%▲ +0.1 percentage points vs 06-2025
08-2025: 1.4%▲ +0.4 percentage points vs 07-2025
09-2025: 1.5%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 0.4%▼ -1.1 percentage points vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026lowest value
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.3 percentage points vs 07-2026
09-2026: 0.8%▲ +0.1 percentage points vs 08-2026
10-2026: 0.8%● unchanged vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 3 days late; 1 of the last 3 accounts late
Loss of €3,408 (financial year 2025)
Sector: Specialised construction activities (NACE 43)
lowers risk
Founded in 2011
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 29% of them on solvency, 59% on liquidity, 17% on profitability and 20% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,166 companies had the same profile as 20 ELEC SRL has now. Each dot stands for 6 companies, two years later.
94.2%
were still trading
3.0%
stopped another way
2.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of 20 ELEC SRL itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,166 companies, not a prediction for 20 ELEC SRL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.44 (2.44 in 2024), above the usual 1.5. Short-term debt is 24.8% and cash 16.5% of total assets. However, 72.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 3 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
3 days late
2024
39 days late
2023
on the day
2022
6 days late
2021
8 days late
2020
31 days late
2019
88 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 25 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0840322876
Change of role: Jacques LEMAIRE, from manager to director
Gazette deed
Incorporation
published on 27-10-2011 · Gazette deed
First establishment
20 ELEC, Rue Verte 21, Courcelles
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| 20 ELEC SRL Courcelles | €60,542 | €9,644 | 27.1% | - |
| PASCAL DEFERME Heusden-Zolder | €51,252 | €9,052 | 93.5% | - |
| MONNOYE Genappe | €41,273 | €9,938 | 77.0% | - |
| AD-electrics Kapellen | €71,544 | €16,727 | 81.6% | - |
| ELRO Brasschaat | €66,998 | €5,834 | 78.3% | - |
| A. DE MUNTER Brussels | €65,741 | €19,831 | 22.9% | - |
| ED ELECTRIC Anderlecht | €93,970 | €12,187 | 54.9% | - |
These companies have the same main activity as 20 ELEC SRL: electrical installation work in industrial facilities (NACE 43212). They are comparable in size and age: total assets between €41,300 and €94,000, founded between 2007 and 2016.
Official details
Source: KBO- Status
- Active since 17-10-2011Normal situation
- Activity
- Electrical installation work in industrial facilitiesNACE 43212and 2 others
- Establishment unit
- 2.204.348.0616183 Courcelles, since 17-10-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 31-07-2025
Insights on 20 ELEC SRL
20 ELEC SRL files the micro format. That format states no turnover. The gross margin fell from €38,709 in 2012 to €9,644 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about 20 ELEC SRL
- What is the company number of 20 ELEC SRL?
- The company number of 20 ELEC SRL is 0840.322.876. The VAT number is the same number with BE in front: BE 0840.322.876.
- Where is 20 ELEC SRL based?
- The registered office is at Rue Verte 21, 6183 Courcelles.Company details
- What does 20 ELEC SRL do?
- According to the KBO register, the main activity is electrical installation work in industrial facilities (NACE 43212).
- What is the legal form of 20 ELEC SRL?
- 20 ELEC SRL is a private limited company (BV).
- When was 20 ELEC SRL founded?
- 20 ELEC SRL was founded on 17-10-2011.
- Is 20 ELEC SRL still active?
- Yes, 20 ELEC SRL is an active enterprise in the KBO register.
- How many employees does 20 ELEC SRL have?
- 20 ELEC SRL had an average of 1 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- What is the turnover of 20 ELEC SRL?
- The turnover in financial year 2025 is ≈ €96,000. This figure is estimated from the gross margin of €9,644 and 218 comparable companies (NACE 432). It probably lies between €55,000 and €180,000. It is a rough estimate.
- Is 20 ELEC SRL profitable?
- In financial year 2025, 20 ELEC SRL made a loss of €3,408.
- Where can I find the annual accounts of 20 ELEC SRL?
- 20 ELEC SRL filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of 20 ELEC SRL due?
- 20 ELEC SRL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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