AJ ELEKTRO
ActiveAJ ELEKTRO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €109k and a net result of €20k. Equity is growing by ~20.4% per year across the filed fiscal years. Its solvency ranks better than 57% of 36378 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
85
/ 100
Excellent▼ -9 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability90▼-7
Solvency84▼-7
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity tight (current ratio 1.43 against 2.8 in 2023), and 47.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
6 d late
2022
30 d late
2021
22 d late
2020
35 d early
2019
1 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€109k▼ 6.7%
2023 · €117k
2018: €33k
2019: €40k
2020: €68k
2021: €75k
2022: €94k
2023: €117k
2018 → 2024
Total assets
€207k▼ 18.7%
2023 · €254k
2018: €82k
2019: €173k
2020: €216k
2021: €214k
2022: €226k
2023: €254k
2018 → 2024
Net result
€20k▼ 12.9%
2023 · €23k
2018: €21k
2019: €7k
2020: €28k
2021: €7k
2022: €13k
2023: €23k
2018 → 2024
Working capital
€24k▼ 74.5%
2023 · €95k
2018: €48k
2019: €28k
2020: €45k
2021: €58k
2022: €62k
2023: €95k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€68k-€75k▲ 9.6%€94k▲ 25.4%€117k▲ 23.9%€109k▼ 6.7%
Operating result€32k-€10k▼ 68.5%€19k▲ 94.0%€32k▲ 64.0%€27k▼ 15.1%
Net result€28k-€7k▼ 76.8%€13k▲ 95.3%€23k▲ 75.0%€20k▼ 12.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 15% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €207k
Fixed assets
€126k▲ 19.4%
Current assets
€80k▼ 45.9%
Equity and liabilities €207k
Equity
€109k▼ 6.7%
Debt
€98k▼ 28.8%
The debt ratio falls from 54.1% to 47.3%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€43k▲
2023 · €42k
Cash flow
€36k▲
2023 · €33k
Solvency
52.7%▲
2023 · 45.9%
Current ratio
1.43▼
2023 · 2.80
Quick ratio
1.06▼
2023 · 2.45
Debt / equity
0.90▼
2023 · 1.18
ROE
18.0%▼
2023 · 19.3%
ROA
9.5%▲
2023 · 8.9%
Interest coverage
20.84▼
2023 · 35.98
Debt
€98k▼
2023 · €137k
Debt ≤ 1 year
€56k▲
2023 · €53k
Debt > 1 year
€42k▼
2023 · €84k
Income taxes
€5k▼
2023 · €8k
Staff costs
€2k▼
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€254k€207k▼
Fixed assets21/28€106k€126k▲
Tangible fixed assets22/27€106k€126k▲
Land and buildings22€94k€94k=
Plant, machinery and equipment23€11k€8k▼
Furniture and vehicles24€231€23k▲
Other tangible fixed assets26€859€1k▲
Current assets29/58€148k€80k▼
Stocks and contracts in progress3€18k€21k▲
Stocks30/36€3k€3k▲
Contracts in progress37€16k€19k▲
Amounts receivable within one year40/41€88k€56k▼
Trade receivables40€83k€53k▼
Other amounts receivable41€5k€2k▼
Cash at bank and in hand54/58€41k€2k▼
Deferred charges and accrued income490/1€749€1k▲
Equity and liabilities
Total equity and liabilities10/49€254k€207k▼
Equity10/15€117k€109k▼
Contributions10/11€19k€19k=
Reserves13€97k€90k▼
Distributable reserves133€97k€90k▼
Profit (loss) carried forward14€762€388▼
Amounts payable17/49€137k€98k▼
Amounts payable after more than one year17€84k€42k▼
Financial debts170/4€39k€32k▼
Other amounts payable178/9€45k€10k▼
Amounts payable within one year42/48€53k€56k▲
Current portion of amounts payable after more than one year42€7k€8k▲
Trade debts44€35k€27k▼
Suppliers440/4€35k€27k▼
Taxes, remuneration and social security45€5k€11k▲
Taxes450/3€4k€11k▲
Remuneration and social security454/9€916-
Other amounts payable47/48€5k€11k▲
Income statement
Code20232024
Remuneration, social security and pensions62€3k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€16k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€48k€47k▼
Operating profit (loss)9901€32k€27k▼
Financial income75/76B€93-
Recurring financial income75€93-
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€31k€25k▼
Income taxes67/77€8k€5k▼
Profit (loss) for the period9904€23k€20k▼
Profit (loss) for the period to be appropriated9905€23k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€20k▼
Profit (loss) brought forward from the previous period14P€730€762▲
Transfer from equity791/2-€28k
Transfer to equity691/2€23k€20k▼
To other reserves6921€23k€20k▼
Profit to be distributed694/7-€28k
Return on contributions (dividend)694-€28k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
31-12
Financial
Equity above €100kEq €117k ▲23.9%
6 profitable years in a row build equity to €117k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Weakest financial yearnet €7k ▼76.8%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €28k ▲299%
Net result €28k, the highest in the series.
01-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1 day late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gistel · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Provincieweg 1708470 GistelGround area
8,537 m²
Building footprint
206 m²
Volume, LiDAR
743 m³
Parcel 35012A0354/00L000, Flanders · tallest building 8.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
AJ ELEKTRO
since 20182.273.182.528
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35012A0354/00L000 | Flanders | 8,537 m² | 1 · 206 m² | 8.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,000 EUR awarded · 1,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
Schemes
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Dual-learning approval
2 live approvals · 2 endedElektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Similar companies · same sector, comparable size
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CJ
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ATELCO
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ACCU - BATT SERVICE
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Of 22,740 companies in sector 43211 we hold annual accounts for 10,275. 8,738 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-02-2018
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43212Electrical installation work in industrial facilities
43230Insulation installation
43291Specialised construction activities
43910Bricklaying and masonry work
43994Specialised construction activities
47540Retail sale of electrical household appliances
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.