B ELECTRICAL ENGINEERING
ActiveSummary
B ELECTRICAL ENGINEERING has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €679,224 and a net result of €116,491. Equity is growing by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 60% of 994 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▼-7
Solvency80▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 6.56 against 4.76 in 2023; short-term debt: 7.3% and cash: 25.3% of total assets), and 44.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
55.2%
Return on assets
9.5%
Age of the figures
21 mo
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 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
20 d early
2022
20 d early
2021
34 d early
2020
31 d early
2019
22 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 26 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#7 company by equity in Ravels, Other services sector#8 company by total assets in Ravels, Other services sector
Equity
€679,224▲ 11.2%
2023 · €610,649
Total assets
€1.2m▲ 8.8%
2023 · €1.1m
Net result
€116,491▼ 32.4%
2023 · €172,211
Working capital
€499,081▲ 27.7%
2023 · €390,899
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
Line20202021202220232024
Operating result€175,084▲ 84.9%€78,282▼ 55.3%€134,676▲ 72.0%€241,678▲ 79.5%€166,207▼ 31.2%
Net result€134,287▲ 101%€56,514▼ 57.9%€113,831▲ 101%€172,211▲ 51.3%€116,491▼ 32.4%
Equity€409,015▲ 48.9%€465,529▲ 13.8%€465,933▲ 0.1%€610,649▲ 31.1%€679,224▲ 11.2%
Total assets€501,427▲ 18.6%€851,232▲ 69.8%€1.1m▲ 32.4%€1.1m▲ 0.4%€1.2m▲ 8.8%
Debt€92,413▼ 37.6%€385,704▲ 317%€660,934▲ 71.4%€497,214▼ 24.8%€529,098▲ 6.4%
Working capital€293,235▲ 24.4%€264,779▼ 9.7%€282,985▲ 6.9%€390,899▲ 38.1%€499,081▲ 27.7%
Staff (FTE)0.5=0.5=0.6▲ 20.0%0.9▲ 50.0%1.5▲ 66.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2021 Total assets +70% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 31% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets
€641,946 ▲ 0.8%
Current assets
€588,913 ▲ 19.0%
Equity and liabilities €1.2m
Equity
€679,224 ▲ 11.2%
Provisions
€22,538 ▼ 5.4%
Debt
€529,098 ▲ 6.4%
Debt's share of the balance-sheet total falls from 43.9% to 43.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€225,906▼
2023 · €288,949
Cash flow
€176,191▼
2023 · €219,483
Current ratio
6.56▲
2023 · 4.76
Quick ratio
4.93▲
2023 · 3.88
Debt to equity
0.78▼
2023 · 0.81
ROE
17.2%▼
2023 · 28.2%
ROA
9.5%▼
2023 · 15.2%
Interest coverage
58.28▼
2023 · 66.60
Debt ≤ 1 year
€89,832▼
2023 · €103,976
Debt > 1 year
€305,975▼
2023 · €331,426
Income taxes
€51,110▲
2023 · €42,471
Staff costs
€66,184▲
2023 · €46,171
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
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%.
| 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 34,672 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €544 | €217 | €2,811 | ▲ 1,196% |
| Remuneration, social security and pensions62 | - | €23,165 | €26,751 | €46,171 | €66,184 | ▲ 43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,522 | €23,140 | €29,604 | €47,271 | €59,700 | ▲ 26.3% |
| Other operating charges640/8 | - | €12,819 | €2,156 | €2,645 | €6,729 | ▲ 154% |
| Gross operating margin9900 | €239,950 | €137,406 | €193,187 | €337,765 | €298,819 | ▼ 11.5% |
| Operating profit (loss)9901 | €175,084 | €78,282 | €134,676 | €241,678 | €166,207 | ▼ 31.2% |
| Financial income75/76B | - | €415 | €0 | €1,176 | €3,976 | ▲ 238% |
| Recurring financial income75 | €51 | €415 | €0 | €1,176 | €3,976 | ▲ 238% |
| Financial charges65/66B | - | €772 | €3,935 | €4,339 | €3,876 | ▼ 10.7% |
| Recurring financial charges65 | €1,708 | €772 | €3,935 | €4,339 | €3,876 | ▼ 10.7% |
| Profit (loss) for the period before taxes9903 | €173,427 | €77,926 | €130,741 | €238,515 | €166,307 | ▼ 30.3% |
| Transfer from deferred taxes780 | - | - | - | €2,054 | €1,294 | ▼ 37.0% |
| Transfer to deferred taxes680 | - | - | - | €25,887 | - | - |
| Income taxes67/77 | €39,140 | €21,412 | €16,910 | €42,471 | €51,110 | ▲ 20.3% |
| Profit (loss) for the period9904 | €134,287 | €56,514 | €113,831 | €172,211 | €116,491 | ▼ 32.4% |
| Transfer from tax-exempt reserves789 | - | - | - | €6,163 | €3,883 | ▼ 37.0% |
| Transfer to tax-exempt reserves689 | - | - | - | €77,660 | - | - |
| Profit (loss) for the period to be appropriated9905 | €134,287 | €56,514 | €113,831 | €100,715 | €120,374 | ▲ 19.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €501,427 | €851,232 | €1.1m | €1.1m | €1.2m | ▲ 8.8% |
| Fixed assets21/28 | €147,344 | €251,018 | €666,846 | €636,821 | €641,946 | ▲ 0.8% |
| Tangible fixed assets22/27 | €147,344 | €251,018 | €666,846 | €636,821 | €641,946 | ▲ 0.8% |
| Land and buildings22 | - | €212,897 | €615,623 | €551,808 | €523,505 | ▼ 5.1% |
| Plant, machinery and equipment23 | - | €1,919 | €22,980 | €27,627 | €44,995 | ▲ 62.9% |
| Furniture and vehicles24 | - | €36,202 | €28,243 | €57,386 | €73,446 | ▲ 28.0% |
| Current assets29/58 | €354,083 | €600,214 | €460,021 | €494,875 | €588,913 | ▲ 19.0% |
| Stocks and contracts in progress3 | €10,295 | €14,496 | €89,226 | €91,153 | €146,036 | ▲ 60.2% |
| Stocks30/36 | - | €14,496 | €89,226 | €82,946 | €146,036 | ▲ 76.1% |
| Contracts in progress37 | - | - | - | €8,207 | - | - |
| Amounts receivable within one year40/41 | €81,859 | €189,887 | €62,290 | €102,938 | €67,214 | ▼ 34.7% |
| Trade receivables40 | - | €107,385 | €27,898 | €77,421 | €15,392 | ▼ 80.1% |
| Other amounts receivable41 | - | €82,502 | €34,393 | €25,517 | €51,822 | ▲ 103% |
| Current investments50/53 | - | - | - | - | €50,562 | - |
| Cash at bank and in hand54/58 | €254,838 | €386,584 | €297,127 | €289,656 | €311,252 | ▲ 7.5% |
| Deferred charges and accrued income490/1 | - | €9,248 | €11,378 | €11,129 | €13,849 | ▲ 24.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €501,427 | €851,232 | €1.1m | €1.1m | €1.2m | ▲ 8.8% |
| Equity10/15 | €409,015 | €465,529 | €465,933 | €610,649 | €679,224 | ▲ 11.2% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €396,615 | €453,129 | €453,533 | €598,249 | €666,824 | ▲ 11.5% |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | - | - | - |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €71,496 | €67,613 | ▼ 5.4% |
| Distributable reserves133 | - | €451,274 | €451,678 | €526,753 | €599,211 | ▲ 13.8% |
| Provisions and deferred taxes16 | - | - | - | €23,832 | €22,538 | ▼ 5.4% |
| Provisions for liabilities and charges160/5 | - | - | - | €23,832 | €22,538 | ▼ 5.4% |
| Taxes161 | - | - | - | €23,832 | €22,538 | ▼ 5.4% |
| Amounts payable17/49 | €92,413 | €385,704 | €660,934 | €497,214 | €529,098 | ▲ 6.4% |
| Amounts payable after more than one year17 | €17,836 | €12,026 | €362,677 | €331,426 | €305,975 | ▼ 7.7% |
| Financial debts170/4 | - | €12,026 | €362,677 | €331,426 | €305,975 | ▼ 7.7% |
| Amounts payable within one year42/48 | €60,848 | €335,436 | €177,037 | €103,976 | €89,832 | ▼ 13.6% |
| Current portion of amounts payable after more than one year42 | - | €5,811 | €30,855 | €25,169 | €25,452 | ▲ 1.1% |
| Trade debts44 | €43,110 | €316,608 | €52,072 | €58,980 | €39,479 | ▼ 33.1% |
| Suppliers440/4 | - | €316,608 | €52,072 | €58,980 | €39,479 | ▼ 33.1% |
| Taxes, remuneration and social security45 | - | €11,383 | €16,432 | €17,511 | €22,966 | ▲ 31.1% |
| Taxes450/3 | - | €8,619 | €13,054 | €12,055 | €14,313 | ▲ 18.7% |
| Remuneration and social security454/9 | - | €2,764 | €3,378 | €5,457 | €8,652 | ▲ 58.6% |
| Other amounts payable47/48 | - | €1,634 | €77,677 | €2,315 | €1,936 | ▼ 16.4% |
| Accrued charges and deferred income492/3 | - | €38,242 | €121,221 | €61,812 | €133,291 | ▲ 116% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €134,287 | €56,514 | €113,831 | €172,211 | €116,491 | ▼ 32.4% |
| + Depreciation and write-downs630 | €17,522 | €23,140 | €29,604 | €47,271 | €59,700 | ▲ 26.3% |
| Operating cash flow (approximation) | €151,808 | €79,654 | €143,435 | €219,483 | €176,191 | ▼ 19.7% |
| Investment in fixed assets (approximation) | - | -€126,814 | -€445,432 | -€17,246 | -€64,825 | ▼ 276% |
| Change in cash | - | €131,746 | -€89,458 | -€7,471 | €21,596 | ▲ 389% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €172,211 ▲51.3%
Operating result €241,678, net result €172,211, both a record.
31-12
Financial
Equity above €500,000Eq €610,649 ▲31.1%
6 profitable years in a row build equity to €610,649.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €56,514 ▼57.9%
Net result drops to €56,514, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 4.32
Current ratio from 1.75 to 4.32; short-term debt falls from €199,616 to €70,974.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Ravels · 1 establishment unit since 2011
Ground area
551 m²
Building footprint
105 m²
Volume, LiDAR
729 m³
Parcel 13035C0509/00R003, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
B ELECTRICAL ENGINEERING
since 20112.204.549.781
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13035C0509/00R003 | Flanders | 551 m² | 1 · 105 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
2023 to 2024 · 2 entries · 628 EUR awarded · 628 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 485 EUR | 485 EUR |
| 2023 | 1 | 143 EUR | 143 EUR |
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Of 862 companies in sector 95100 we hold annual accounts for 264. 133 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-11-2011
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
95100Repair and maintenance of computers and communication equipment
Contact
E-mail
guy@belectrical.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0841360677
Also
9925:BE0841360677
Registered
08-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.