BAG-elec
ActiveSummary
BAG-elec has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,144 and a net result of €7,612. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 40% of 34,946 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Official details
Source: KBO- Status
- Active since 01-02-1991 Normal situation
- Activity
- General electrical installation work NACE 43211and 2 others
- Establishment unit
- 2.051.428.353 4570 Marchin, since 08-02-1991
- Financial year end
- 31 March
- Peppol
- Reachable since 21-10-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- €16,000
- ▼ 10.9%
- Turnover
- ≈ €130,000
- estimated
- Profit
- €7,612
- ▲ 73.6%
- Equity
- €26,144
- ▲ 41.1%
- Total assets
- €69,098
- ▲ 33.9%
- 2026 accounts not filed, 2 days past the deadline
Score breakdownraises riskFigures for financial year 2025 (filed on 24-10-2025)Sector: Specialised construction activities (NACE 43)Size: total assets €69,098lowers riskLiquidity: current ratio 2.02, cash €20,190Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 40% of them on solvency, 62% on liquidity, 64% on profitability and 80% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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Signals
The company filed its last 6 accounts on average 6 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 (1)
Key points
- Positive: Oldest company in Marchin, Construction sectorin the Checked rankings No. 1 View
Recent changes
- · Gazette deed Company renamed from BGELec to BAG-elecReappointments: GOOSSENS Bruno (director) and GOOSSENS Arnaud (director)
- · Gazette deed Registered office moved within Marchin
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as BAG-elec: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €62,400 and €74,800, founded between 1987 and 1995.
| Company | Total assets | Gross margin |
|---|---|---|
| BAG-elec Marchin | €69,098 | €16,000 |
| Elektriciteit Godfroid Ninove | €62,411 | €15,474 |
| MEIRLAEN MAAKT Brasschaat | €74,755 | €17,995 |
| Concept Renovation Oostende | €71,500 | €17,917 |
| BENELEC Chapelle-lez-Herlaimont | €74,632 | €13,502 |
| EKIPE VERBIST WILFRIED Edegem | €69,805 | €16,156 |
| DECOR - ELEC Steenokkerzeel | €72,065 | €18,690 |
Key facts about BAG-elec
- What is the company number of BAG-elec?
- The company number of BAG-elec is 0442.618.423. The VAT number is the same number with BE in front: BE 0442.618.423.
- Where is BAG-elec based?
- The registered office is at Beau Séjour 21, 4570 Marchin.Company details
- What does BAG-elec do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of BAG-elec?
- The legal form of BAG-elec is Private limited company (BV).
- When was BAG-elec founded?
- BAG-elec was founded on 01-02-1991.
- Is BAG-elec still active?
- Yes, BAG-elec is an active enterprise in the KBO register.
- How many employees does BAG-elec have?
- BAG-elec had an average of 1.7 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- What is the turnover of BAG-elec?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €16,000 and 97 comparable companies (NACE 43211). It probably lies between €87,000 and €280,000. It is a rough estimate.
- Is BAG-elec profitable?
- In financial year 2025, BAG-elec made a profit of €7,612.
- Where can I find the annual accounts of BAG-elec?
- BAG-elec filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
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