AG - ELEC
Open bankruptcyA bankruptcy procedure is open for AG - ELEC according to publications in the Belgian State Gazette; curator: DOMINIQUE LEGRAND.
Summary
The 2024 annual accounts show negative equity (-€57,006) and a net result of -€15,983.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Liège, Liège division
- Declared bankrupt
- 15 December 2025
- Supervising judge
- Benoit Wyzen
- Official Gazette
- 19-12-2025 (pdf) ↗search the document for 2025/153047
Deadlines
- Appeal or third-party opposition until
- passed on 3 January 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 14 January 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 29 January 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 15 December 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Dominique LegrandRue Du Vieux Tilleul 53, 4880 Aubelde.lege@skynet.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€57,006
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
51 d late
2022
29 d late
2021
26 d late
2020
93 d early
2019
63 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the General electrical installation work sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€57,006▼ 39.0%
2023 · -€41,023
Total assets
€38,464▼ 40.0%
2023 · €64,084
Net result
-€15,983▲ 11.2%
2023 · -€18,000
Working capital
-€68,289▼ 28.8%
2023 · -€53,014
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€4,819-€1,754▲ 63.6%-€1,277▲ 27.2%-€12,670▼ 892%-€11,434▲ 9.8%
Net result-€7,963below the sector's middle half-€6,904below the sector's middle half▲ 13.3%-€4,887below the sector's middle half▲ 29.2%-€18,000below the sector's middle half▼ 268%-€15,983below the sector's middle half▲ 11.2%
Equity-€11,232below the sector's middle half▼ 244%-€18,136below the sector's middle half▼ 61.5%-€23,023below the sector's middle half▼ 26.9%-€41,023below the sector's middle half▼ 78.2%-€57,006below the sector's middle half▼ 39.0%
Total assets€80,332within the sector's middle half▼ 4.0%€77,817within the sector's middle half▼ 3.1%€68,638within the sector's middle half▼ 11.8%€64,084below the sector's middle half▼ 6.6%€38,464below the sector's middle half▼ 40.0%
Debt€91,564▲ 5.3%€95,953▲ 4.8%€91,661▼ 4.5%€105,107▲ 14.7%€95,470▼ 9.2%
Working capital-€26,331below the sector's middle half▼ 83.2%-€32,714below the sector's middle half▼ 24.2%-€38,974below the sector's middle half▼ 19.1%-€53,014below the sector's middle half▼ 36.0%-€68,289below the sector's middle half▼ 28.8%
Solvency-14.0%below the sector's middle half▼ 10.1pp-23.3%below the sector's middle half▼ 9.3pp-33.5%below the sector's middle half▼ 10.2pp-64.0%below the sector's middle half▼ 30.5pp-148.2%below the sector's middle half▼ 84.2pp
Current ratio0.66below the sector's middle half▼ 0.130.59below the sector's middle half▼ 0.070.52below the sector's middle half▼ 0.070.46below the sector's middle half▼ 0.060.28below the sector's middle half▼ 0.18
Return on assets (ROA)-9.9%below the sector's middle half▼ 40.7pp-8.9%below the sector's middle half▲ 1.0pp-7.1%below the sector's middle half▲ 1.8pp-28.1%below the sector's middle half▼ 21.0pp-41.6%below the sector's middle half▼ 13.5pp
Staff (FTE)1.3within the sector's middle half▲ 44.4%0.6▼ 53.8%11=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11,434 in 2024 against €12,670 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €38,464
Fixed assets
€12,083 ▼ 35.3%
Current assets
€26,381 ▼ 41.9%
Key figures and ratios
EBITDA
-€4,840▲
2023 · -€5,051
Cash flow
-€9,390▲
2023 · -€10,380
Quick ratio
0.16▼
2023 · 0.33
Debt to equity
-1.67▲
2023 · -2.56
Interest coverage
-1.06▼
2023 · -0.95
Debt ≤ 1 year
€94,670▼
2023 · €98,422
Debt > 1 year
€800▼
2023 · €5,585
Staff costs
€25,482▲
2023 · €25,003
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €8,259 | €22,913 | €25,003 | €25,482 | ▲ 1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,418 | €6,717 | €7,096 | €7,620 | €6,593 | ▼ 13.5% |
| Other operating charges640/8 | - | €1,627 | €1,011 | €246 | €259 | ▲ 5.1% |
| Gross operating margin9900 | €46,504 | €14,848 | €29,743 | €20,198 | €20,900 | ▲ 3.5% |
| Operating profit (loss)9901 | -€4,819 | -€1,754 | -€1,277 | -€12,670 | -€11,434 | ▲ 9.8% |
| Financial charges65/66B | - | €5,150 | €3,610 | €5,329 | €4,550 | ▼ 14.6% |
| Recurring financial charges65 | €3,143 | €5,150 | €3,610 | €5,329 | €4,550 | ▼ 14.6% |
| Profit (loss) for the period before taxes9903 | -€7,963 | -€6,904 | -€4,887 | -€18,000 | -€15,983 | ▲ 11.2% |
| Profit (loss) for the period9904 | -€7,963 | -€6,904 | -€4,887 | -€18,000 | -€15,983 | ▲ 11.2% |
| Profit (loss) for the period to be appropriated9905 | -€7,963 | -€6,904 | -€4,887 | -€18,000 | -€15,983 | ▲ 11.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €80,332 | €77,817 | €68,638 | €64,084 | €38,464 | ▼ 40.0% |
| Fixed assets21/28 | €28,126 | €30,207 | €26,296 | €18,677 | €12,083 | ▼ 35.3% |
| Tangible fixed assets22/27 | €28,026 | €30,107 | €26,196 | €18,577 | €11,983 | ▼ 35.5% |
| Land and buildings22 | - | €9,895 | €7,879 | €5,862 | €4,801 | ▼ 18.1% |
| Plant, machinery and equipment23 | - | €567 | €3,189 | €2,395 | €1,672 | ▼ 30.2% |
| Furniture and vehicles24 | - | €19,645 | €15,129 | €10,320 | €5,510 | ▼ 46.6% |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €52,206 | €47,609 | €42,342 | €45,407 | €26,381 | ▼ 41.9% |
| Stocks and contracts in progress3 | €9,070 | €10,330 | €10,899 | €12,484 | €11,317 | ▼ 9.3% |
| Stocks30/36 | - | €10,330 | €10,899 | €12,484 | €11,317 | ▼ 9.3% |
| Amounts receivable within one year40/41 | €42,586 | €37,279 | €31,443 | €26,721 | €15,064 | ▼ 43.6% |
| Trade receivables40 | - | €29,061 | €16,593 | €20,019 | €9,345 | ▼ 53.3% |
| Other amounts receivable41 | - | €8,218 | €14,850 | €6,702 | €5,719 | ▼ 14.7% |
| Deferred charges and accrued income490/1 | - | - | - | €6,203 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €80,332 | €77,817 | €68,638 | €64,084 | €38,464 | ▼ 40.0% |
| Equity10/15 | -€11,232 | -€18,136 | -€23,023 | -€41,023 | -€57,006 | ▼ 39.0% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€33,232 | -€40,136 | -€45,023 | -€63,023 | -€79,006 | ▼ 25.4% |
| Amounts payable17/49 | €91,564 | €95,953 | €91,661 | €105,107 | €95,470 | ▼ 9.2% |
| Amounts payable after more than one year17 | €13,027 | €15,080 | €10,345 | €5,585 | €800 | ▼ 85.7% |
| Financial debts170/4 | - | €15,080 | €10,345 | €5,585 | €800 | ▼ 85.7% |
| Amounts payable within one year42/48 | €78,537 | €80,323 | €81,316 | €98,422 | €94,670 | ▼ 3.8% |
| Current portion of amounts payable after more than one year42 | - | €6,486 | €4,735 | €5,185 | €4,785 | ▼ 7.7% |
| Financial debts43 | - | €40,708 | €34,331 | €40,924 | €44,714 | ▲ 9.3% |
| Credit institutions430/8 | - | €40,708 | €34,331 | €40,924 | - | - |
| Other loans439 | - | - | - | - | €44,714 | - |
| Trade debts44 | €27,176 | €29,222 | €36,916 | €31,332 | €36,172 | ▲ 15.4% |
| Suppliers440/4 | - | €29,222 | €36,916 | €31,332 | €36,172 | ▲ 15.4% |
| Advances received on contracts in progress46 | - | - | - | €62 | €1,253 | ▲ 1,920% |
| Taxes, remuneration and social security45 | - | €3,907 | €5,335 | €5,925 | €2,659 | ▼ 55.1% |
| Taxes450/3 | - | €2,391 | €2,657 | €2,765 | €158 | ▼ 94.3% |
| Remuneration and social security454/9 | - | €1,517 | €2,678 | €3,160 | €2,502 | ▼ 20.8% |
| Other amounts payable47/48 | - | - | - | €14,993 | €5,087 | ▼ 66.1% |
| Accrued charges and deferred income492/3 | - | €550 | - | €1,100 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,963 | -€6,904 | -€4,887 | -€18,000 | -€15,983 | ▲ 11.2% |
| + Depreciation and write-downs630 | €7,418 | €6,717 | €7,096 | €7,620 | €6,593 | ▼ 13.5% |
| Operating cash flow (approximation) | -€545 | -€187 | €2,209 | -€10,380 | -€9,390 | ▲ 9.5% |
| Investment in fixed assets (approximation) | - | -€8,798 | -€3,185 | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
19-12
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 15-12-2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 51 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €25,749
Net result €25,749 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
14-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
13-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Verviers · 1 establishment unit since 1999
Ground area
6,759 m²
Building footprint
80 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Chemin du Trou du Renard 4, 4800 Verviers
since 19992.090.859.051
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63022D0155/00F000 | Wallonia | 6,063 m² | 1 · 80 m² | - |
| 63022D0178/00D003 | Wallonia | 696 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DOMINIQUE LEGRAND RUE DU VIEUX TILLEUL 53,
4880 AUBEL |
15-12-2025 → present |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 22,827 companies in sector 43211 we hold annual accounts for 10,338. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-03-1999
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.