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ANDRE CORNET - ELECT

Active
Public limited companyfounded 199135 yrs activeRue Janson 22, 4100 Seraing, BelgiumKBO/BCE: BE 0445.268.701
Summary

ANDRE CORNET - ELECT has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €198,299 and a net result of €56,383. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 43% of 4926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability83▼-1
Solvency64▲+5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 1.8 against 1.79 in 2024; short-term debt: 52.3% and cash: 32.8% of total assets), but 60.6% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 35 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
192122232425
2019 to 2025 · latest year €198,299
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-10-2025, 10 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
10 d early
2024
36 d early
2023
1 d early
2022
5 d early
2021
3 d early
2020
11 d early
2019
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven months
Position in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ANDRE CORNET - ELECT was incorporated on 23 September 1991.1 Total assets went from EUR 502,184 in 2019 to EUR 502,685 in 2025 and headcount from 2 to 0.3 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€56,383▼ 16.3%
2024 · €67,332
Working capital
€211,667▼ 9.1%
2024 · €232,880
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€79,052▲ 546%€84,398▲ 6.8%€86,152▲ 2.1%€103,347▲ 20.0%€89,722▼ 13.2%
Net result€52,057▲ 1,134%€55,626▲ 6.9%€54,965▼ 1.2%€67,332▲ 22.5%€56,383▼ 16.3%
Equity€192,014€172,640▼ 10.1%€174,605▲ 1.1%€191,937▲ 9.9%€198,299▲ 3.3%
Total assets€568,016▲ 28.2%€621,262▲ 9.4%€562,134▼ 9.5%€556,985▼ 0.9%€502,685▼ 9.7%
Debt€376,002▲ 24.1%€448,622▲ 19.3%€387,529▼ 13.6%€365,048▼ 5.8%€304,386▼ 16.6%
Working capital€318,783▲ 6.3%€260,422▼ 18.3%€239,211▼ 8.1%€232,880▼ 2.6%€211,667▼ 9.1%
Staff (FTE)0.90.9=1▲ 11.1%0.3▼ 70.0%
Result per fiscal year
Operating resultNet result
€0€50,000€100,000Operating result 2021: €79,052€79,052Net result 2021: €52,057€52,057Operating result 2022: €84,398€84,398Net result 2022: €55,626€55,626Operating result 2023: €86,152€86,152Net result 2023: €54,965€54,965Operating result 2024: €103,347€103,347Net result 2024: €67,332€67,332Operating result 2025: €89,722€89,722Net result 2025: €56,383€56,38320212022202320242025€0€50,000€100,000Operating result 2023: €86,152€86,200Net result 2023: €54,965€55,000Operating result 2024: €103,347€103,000Net result 2024: €67,332€67,300Operating result 2025: €89,722€89,700Net result 2025: €56,383€56,400202320242025
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €502,685
Fixed assets €27,947 ▼ 1.7%
Current assets €474,739 ▼ 10.2%
Equity and liabilities €502,685
Equity €198,299 ▲ 3.3%
Debt €304,386 ▼ 16.6%
Debt's share of the balance-sheet total falls from 65.5% to 60.6%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€102,291▼
2024 · €117,482
Cash flow
€68,952▼
2024 · €81,467
Current ratio
1.80▲
2024 · 1.79
Quick ratio
1.11▲
2024 · 0.86
Debt to equity
1.53▼
2024 · 1.90
ROE
28.4%▼
2024 · 35.1%
ROA
11.2%▼
2024 · 12.1%
Interest coverage
9.82▼
2024 · 10.79
Debt ≤ 1 year
€263,072▼
2024 · €295,675
Debt > 1 year
€41,314▼
2024 · €69,373
Income taxes
€22,923▼
2024 · €25,315
Staff costs
€3,581▼
2024 · €11,368
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.4% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet Code20242025
Assets
Total assets20/58€556,985€502,685▼
Fixed assets21/28€28,430€27,947▼
Tangible fixed assets22/27€28,255€27,772▼
Plant, machinery and equipment23€223€44▼
Furniture and vehicles24€11,491€18,241▲
Other tangible fixed assets26€16,541€9,486▼
Financial fixed assets28€175€175=
Current assets29/58€528,555€474,739▼
Stocks and contracts in progress3€273,603€183,888▼
Stocks30/36€273,603€183,888▼
Amounts receivable within one year40/41€111,199€126,040▲
Trade receivables40€102,435€116,798▲
Other amounts receivable41€8,764€9,242▲
Cash at bank and in hand54/58€143,753€164,811▲
Equity and liabilities
Total equity and liabilities10/49€556,985€502,685▼
Equity10/15€191,937€198,299▲
Contributions10/11€86,763€86,742=
Capital10€86,763€86,742=
Issued capital100€86,763€86,742=
Reserves13€8,676€8,676=
Non-distributable reserves130/1€8,676€8,676=
Legal reserve130€8,676€8,676=
Profit (loss) carried forward14€96,498€102,881▲
Amounts payable17/49€365,048€304,386▼
Amounts payable after more than one year17€69,373€41,314▼
Financial debts170/4€69,373€41,314▼
Amounts payable within one year42/48€295,675€263,072▼
Current portion of amounts payable after more than one year42€40,192€39,348▼
Trade debts44€174,301€145,083▼
Suppliers440/4€174,301€145,083▼
Taxes, remuneration and social security45€31,182€28,641▼
Taxes450/3€30,274€28,641▼
Remuneration and social security454/9€908-
Other amounts payable47/48€50,000€50,000=
Income statement Code20242025
Remuneration, social security and pensions62€11,368€3,581▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,136€12,569▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€13,241€15,299▲
Other operating charges640/8€3,609€4,534▲
Gross operating margin9900€145,700€125,705▼
Operating profit (loss)9901€103,347€89,722▼
Financial income75/76B€185-
Recurring financial income75€185-
Financial charges65/66B€10,884€10,416▼
Recurring financial charges65€10,884€10,416▼
Profit (loss) for the period before taxes9903€92,647€79,306▼
Income taxes67/77€25,315€22,923▼
Profit (loss) for the period9904€67,332€56,383▼
Profit (loss) for the period to be appropriated9905€67,332€56,383▼
Appropriation of the result
Profit (loss) to be appropriated9906€146,498€152,881▲
Profit (loss) brought forward from the previous period14P€79,166€96,498▲
Profit to be distributed694/7€50,000€50,000=
Return on contributions (dividend)694€50,000€50,000=
Social balance
Average headcount (FTE)90871.00.3▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62-€5,494€4,883€11,368€3,581▼ 68.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,701€8,005€13,320€14,136€12,569▼ 11.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2,972€1,163€13,241€15,299▲ 15.5%
Other operating charges640/8-€1,420€3,234€3,609€4,534▲ 25.6%
Gross operating margin9900€98,335€102,289€108,751€145,700€125,705▼ 13.7%
Operating profit (loss)9901€79,052€84,398€86,152€103,347€89,722▼ 13.2%
Financial income75/76B-€1,443€30€185--
Recurring financial income75€1,974€1,443€30€185--
Financial charges65/66B-€10,630€10,248€10,884€10,416▼ 4.3%
Recurring financial charges65€12,456€10,630€10,248€10,884€10,416▼ 4.3%
Profit (loss) for the period before taxes9903€68,570€75,211€75,935€92,647€79,306▼ 14.4%
Income taxes67/77€16,513€19,585€20,970€25,315€22,923▼ 9.5%
Profit (loss) for the period9904€52,057€55,626€54,965€67,332€56,383▼ 16.3%
Profit (loss) for the period to be appropriated9905€52,057€55,626€54,965€67,332€56,383▼ 16.3%
Line20212022202320242025Change
Assets
Total assets20/58€568,016€621,262€562,134€556,985€502,685▼ 9.7%
Fixed assets21/28€32,386€38,095€42,566€28,430€27,947▼ 1.7%
Tangible fixed assets22/27€32,386€37,920€42,391€28,255€27,772▼ 1.7%
Plant, machinery and equipment23-€757€490€223€44▼ 80.2%
Furniture and vehicles24-€6,512€18,305€11,491€18,241▲ 58.7%
Other tangible fixed assets26-€30,651€23,596€16,541€9,486▼ 42.7%
Financial fixed assets28-€175€175€175€175=
Current assets29/58€535,630€583,167€519,568€528,555€474,739▼ 10.2%
Stocks and contracts in progress3€157,298€194,681€240,864€273,603€183,888▼ 32.8%
Stocks30/36-€194,681€240,864€273,603€183,888▼ 32.8%
Amounts receivable within one year40/41€83,584€119,736€113,107€111,199€126,040▲ 13.3%
Trade receivables40-€110,691€104,414€102,435€116,798▲ 14.0%
Other amounts receivable41-€9,045€8,693€8,764€9,242▲ 5.5%
Cash at bank and in hand54/58€294,749€268,750€165,597€143,753€164,811▲ 14.6%
Equity and liabilities
Total equity and liabilities10/49€568,016€621,262€562,134€556,985€502,685▼ 9.7%
Equity10/15€192,014€172,640€174,605€191,937€198,299▲ 3.3%
Contributions10/11€86,763€86,763€86,763€86,763€86,742=
Capital10-€86,763€86,763€86,763€86,742=
Issued capital100-€86,763€86,763€86,763€86,742=
Reserves13€8,676€8,676€8,676€8,676€8,676=
Non-distributable reserves130/1-€8,676€8,676€8,676€8,676=
Legal reserve130-€8,676€8,676€8,676€8,676=
Profit (loss) carried forward14€96,575€77,201€79,166€96,498€102,881▲ 6.6%
Amounts payable17/49€376,002€448,622€387,529€365,048€304,386▼ 16.6%
Amounts payable after more than one year17€159,155€125,877€107,172€69,373€41,314▼ 40.4%
Financial debts170/4-€125,877€107,172€69,373€41,314▼ 40.4%
Amounts payable within one year42/48€216,847€322,745€280,357€295,675€263,072▼ 11.0%
Current portion of amounts payable after more than one year42-€33,599€39,530€40,192€39,348▼ 2.1%
Trade debts44€166,496€217,910€159,627€174,301€145,083▼ 16.8%
Suppliers440/4-€217,910€159,627€174,301€145,083▼ 16.8%
Taxes, remuneration and social security45-€26,237€28,201€31,182€28,641▼ 8.1%
Taxes450/3-€26,237€28,171€30,274€28,641▼ 5.4%
Remuneration and social security454/9--€30€908--
Other amounts payable47/48-€45,000€53,000€50,000€50,000=
Line20212022202320242025Change
Profit (loss) for the period9904€52,057€55,626€54,965€67,332€56,383▼ 16.3%
+ Depreciation and write-downs630€4,701€8,005€13,320€14,136€12,569▼ 11.1%
Operating cash flow (approximation)€56,757€63,631€68,285€81,467€68,952▼ 15.4%
Investment in fixed assets (approximation)--€13,714-€17,791€0-€12,085-
Change in cash--€25,998-€103,153-€21,844€21,057▲ 196%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2025
21-10
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2024
25-09
NBB filing Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial Highest result since 2019net €67,332 ▲22.5%
Operating result €103,347, net result €67,332, both a record.
2023
30-10
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2022
26-10
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2021
28-10
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2020
20-10
NBB filing Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial Weakest financial yearnet €4,218 ▼64.5%
Net result drops to €4,218, the lowest in the series; recovery starts the following year.
2019
30-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2018
26-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
29-10
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2016
24-10
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts

We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
9 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, Seraing · 1 establishment unit since 1991
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.

Rue Janson 224100 Seraing
1 establishment unit
ANDRE CORNET-ELECT SA
Rue Janson 22, 4100 SeraingNACE 4531002
since 19912.054.736.053

Structure & network

Owners and holdings

1 owner

Chain of control

  1. EYR CONSULT 100%
  2. ANDRE CORNET - ELECT

Highest known parent: EYR CONSULT. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 1,244 companies in sector 46643 we hold annual accounts for 953. 687 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded23-09-1991
Fiscal year end31-03
Activities, NACEBEL 2025
46643Wholesale of electrical equipment, including installation materials
43211General electrical installation work
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
47552Retail sale of lighting equipment
E-invoicing
Reachable via Peppol
Peppol ID 0208:0445268701
Registered 27-03-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.