Equity
€61,135 ▼ 43.8%
AJ ELEKTRO paid out €98,000 in dividends. That is 169% of the 2025 profit.
AJ ELEKTRO
Lifetime
8 annual accounts with figures on one time axispeak €92,383 (2025)
€92,383▲ 95.9%
peak €57,847 (2025)
€57,847▲ 195%
peak €116,662 (2023)
€61,135▼ 43.8%
€210,083▲ 115%
peak 0.3 FTE (2020)
-not published
Board1 name since 2018
1 directorADRIANSENS Jakob Hendrik
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Gross margin from €47,159 to €92,383Result from €19,626 to €57,847Dividend €98,000Equity from €108,788 to €61,135Debts from €97,750 to €210,083Cash from €1,891 to €21,630
Key points
from the 2025 annual accountsTurnover
≈ €360,000 estimated
The micro format states no turnover.
Debts
€210,083 ▲ 115%
Debts rose by €112,333 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Liquidity
0.92 was 1.43 in 2024
Short-term debts rose from €55,952 to €168,500.
Filings
8 annual accounts 4 late
The 2022 accounts came latest: 30 days after the end of the period.
Position in the sector
€57,847
Higher net result than 88% of companies in specialised construction. Sector median €10,196 · 35,062 companies.
Checked score
68
Healthy
Financially stronger than 33% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,701 companies (NACE 43, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024lowest value
02-2025: 0.4%● unchanged vs 01-2025lowest value
03-2025: 0.4%● unchanged vs 02-2025lowest value
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 1.2%▲ +0.8 percentage points vs 06-2025
08-2025: 1.2%● unchanged vs 07-2025
09-2025: 1.2%● unchanged vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.1%▼ -0.1 percentage points vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.0%▼ -0.1 percentage points vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 0.9%▼ -0.1 percentage points vs 06-2026
08-2026: 1.1%▲ +0.2 percentage points vs 07-2026
09-2026: 1.4%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 0.7%▼ -0.7 percentage points vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
Equity €61,135 (22.5% of total assets)
Size: total assets €271,219
lowers risk
Figures for financial year 2025 (filed on 29-06-2026)
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 24% of them on solvency, 16% on liquidity, 81% on profitability and 10% on growth.
The bankruptcy probability was computed on 07-11-2026 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, 6,713 companies had the same profile as AJ ELEKTRO has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AJ ELEKTRO itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 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 6,713 companies, not a prediction for AJ ELEKTRO. 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 €4,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.92 (1.43 in 2024), below 1. Short-term debt is 62.1% and cash 8% of total assets. 77.5% 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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 35074 sector peers (2025).
NBB · sector comparisonPosition among 35074 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
32 days early
2024
38 days early
2023
6 days late
2022
30 days late
2021
22 days late
2020
35 days early
2019
1 day 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 7 days before 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 7 August (4 of the last 5 accounts filed within 39 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0690897346
Change of role: ADRIANSENS Jakob Hendrik, from manager to statutory director
Reappointment: ADRIANSENS Jakob Hendrik (director) · Director discharge: ADRIANSENS Jakob Hendrik (manager) · General meeting of 05-12-2023 · Gazette deed
Registered office moved within Gistel
New registered office: Provincieweg 170, 8470 Gistel · Previous registered office: Koolaerdstraat 45, 8470 Gistel · General meeting of 08-01-2021 · Gazette deed
Incorporation
published on 27-02-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AJ ELEKTRO Gistel | €271,219 | €92,383 | 22.5% | - |
| ELEKTROTECHNIEKEN MANHAEVE Kortrijk | €252,695 | €85,505 | 61.9% | - |
| GMS-ELEC & Koï Ath | €261,022 | €87,906 | 46.0% | - |
| Montivec Antwerp | €283,435 | €90,226 | 22.6% | - |
| Stilec Lille | €267,187 | €102,851 | 13.2% | - |
| Poorten Van Liefde Horebeke | €261,839 | €86,271 | 86.0% | - |
| BASELAB Balen | €255,374 | €85,494 | 43.6% | - |
These companies have the same main activity as AJ ELEKTRO: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €253,000 and €283,000, founded between 2017 and 2018.
Official details
Source: KBO- Status
- Active since 23-02-2018Normal situation
- Activity
- General electrical installation workNACE 43211and 4 others
- Establishment unit
- 2.273.182.5288470 Gistel, since 23-02-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €271,219▲ 31.3%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on AJ ELEKTRO
AJ ELEKTRO files the micro format. That format states no turnover. The gross margin rose from €31,634 in 2018 to €92,383 in 2025.
The balance sheet grew most from 2019 to 2020 through fixed assets.
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 AJ ELEKTRO
- What is the company number of AJ ELEKTRO?
- The company number of AJ ELEKTRO is 0690.897.346. The VAT number is the same number with BE in front: BE 0690.897.346.
- Where is AJ ELEKTRO based?
- The registered office is at Provincieweg 170, 8470 Gistel.Company details
- What does AJ ELEKTRO do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of AJ ELEKTRO?
- AJ ELEKTRO is a private limited company (BV).
- When was AJ ELEKTRO founded?
- AJ ELEKTRO was founded on 23-02-2018.
- Is AJ ELEKTRO still active?
- Yes, AJ ELEKTRO is an active enterprise in the KBO register.
- How many employees does AJ ELEKTRO have?
- AJ ELEKTRO had an average of 0.3 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of AJ ELEKTRO?
- The turnover in financial year 2025 is ≈ €360,000. This figure is estimated from the gross margin of €92,383 and 40 comparable companies (NACE 43211). It probably lies between €220,000 and €570,000.
- Is AJ ELEKTRO profitable?
- In financial year 2025, AJ ELEKTRO made a profit of €57,847.
- Where can I find the annual accounts of AJ ELEKTRO?
- AJ ELEKTRO filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AJ ELEKTRO due?
- AJ ELEKTRO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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