BAG-elec
ActiveBAG-elec has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26k and a net result of €8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 40% of 27451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+38
Solvency63▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.02 against 2.75 in 2024; short-term debt: 46.5% and cash: 29.2% of total assets), but 62.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
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 · 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 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €26k
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 24-10-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
34 d early
2023
1 d early
2022
4 d late
2021
4 d late
2020
1 d early
2019
2 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
31-03-2026 close17-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8k▲ 73.6%
2024 · €4k
2019: €18k
2020: €-18k
2021: €-17k
2022: €5k
2023: €5k
2024: €4k
2019 → 2025
Working capital
€33k▲ 1.9%
2024 · €32k
2019: €32k
2020: €13k
2021: €-4k
2022: €2k
2023: €13k
2024: €32k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4k-€9k▲ 113%€14k▲ 52.9%€19k▲ 31.0%€26k▲ 41.1%
Operating result€-14k-€7k€7k▼ 1.6%€12k▲ 74.9%€13k▲ 12.0%
Net result€-17k-€5k€5k▼ 0.2%€4k▼ 10.4%€8k▲ 73.6%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69k
Fixed assets
€4k▲ 352%
Current assets
€65k▲ 28.3%
Equity and liabilities €69k
Equity
€26k▲ 41.1%
Debt
€43k▲ 29.9%
The debt ratio falls from 64.1% to 62.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15k▲
2024 · €14k
Cash flow
€9k▲
2024 · €7k
Solvency
37.8%▲
2024 · 35.9%
Current ratio
2.02▼
2024 · 2.75
Quick ratio
2.01▼
2024 · 2.70
Debt / equity
1.64▼
2024 · 1.78
ROE
29.1%▲
2024 · 23.7%
ROA
11.0%▲
2024 · 8.5%
Interest coverage
6.67▲
2024 · 1.83
Debt
€43k▲
2024 · €33k
Debt ≤ 1 year
€32k▲
2024 · €18k
Debt > 1 year
€11k▼
2024 · €15k
Income taxes
€4k▲
2024 · €404
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€52k€69k▲
Fixed assets21/28€893€4k▲
Tangible fixed assets22/27€893€4k▲
Furniture and vehicles24€893€4k▲
Current assets29/58€51k€65k▲
Stocks and contracts in progress3€1k€500▼
Stocks30/36€1k€500▼
Amounts receivable within one year40/41€27k€44k▲
Trade receivables40€11k€22k▲
Other amounts receivable41€16k€21k▲
Cash at bank and in hand54/58€23k€20k▼
Deferred charges and accrued income490/1€302€593▲
Equity and liabilities
Total equity and liabilities10/49€52k€69k▲
Equity10/15€19k€26k▲
Contributions10/11€9k€9k=
Reserves13€12k€17k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€10k€15k▲
Profit (loss) carried forward14€-2k-
Amounts payable17/49€33k€43k▲
Amounts payable after more than one year17€15k€11k▼
Financial debts170/4€15k€11k▼
Amounts payable within one year42/48€18k€32k▲
Current portion of amounts payable after more than one year42€4k€4k▲
Financial debts43€4k€4k▼
Credit institutions430/8€4k€4k▼
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Advances received on contracts in progress46€4k€8k▲
Taxes, remuneration and social security45€3k€10k▲
Taxes450/3€3k€8k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€557-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€4k€869▼
Gross operating margin9900€18k€16k▼
Operating profit (loss)9901€12k€13k▲
Financial income75/76B€757€1,000▲
Recurring financial income75€757€1,000▲
Financial charges65/66B€8k€2k▼
Recurring financial charges65€8k€2k▼
Profit (loss) for the period before taxes9903€5k€12k▲
Income taxes67/77€404€4k▲
Profit (loss) for the period9904€4k€8k▲
Profit (loss) for the period to be appropriated9905€4k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€5k▲
Profit (loss) brought forward from the previous period14P€-7k€-2k▲
Transfer to equity691/2-€5k
To other reserves6921-€5k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 4 days late
31-03
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
2021
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 4 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Weakest financial yearnet €-18k ▼199%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
26-10
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.
Directors · office · real estate
Directors
7 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, Marchin · 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.
Beau Séjour 214570 MarchinGround area
1,262 m²
Building footprint
165 m²
Volume, LiDAR
976 m³
2 parcels, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Joseph Wauters 43, 4570 Marchin
since 19912.051.428.353
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61039B0514/00R006 | Wallonia | 1,160 m² | 1 · 49 m² | 8.1 m · 2 fl. |
| 61039B0022/00A006 | Wallonia | 102 m² | 1 · 116 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 0715.946.607
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DAVID FRABEL
BE 0456.314.328
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TMN TECHNOLOGY
BE 0800.696.495
Kraainem · Eq €26k
DE SCHUTTER
BE 0687.943.301
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MV ELECTRIQ
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,324. 7,754 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-02-1991
Fiscal year end31-03
Activities, NACEBEL
43211General electrical installation work
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47260Retail trade
50200
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:bru.goossens@gmail.com
Phone:0485510333
Fax:042900349