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BEGELEC

Active
Public limited companyfounded 198342 yrs activeWondelgemkaai 8, 9000 Gent, BelgiumKBO/BCE: BE 0425.631.941
Summary

BEGELEC has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,522 and a net result of -€990. Equity is shrinking by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 80% of 2076 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability29▼-4
Solvency94▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 3.24 against 3.35 in 2024; short-term debt: 30.8% and cash: 78.4% of total assets), and 30.8% of the assets are financed with debt.
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Signals

Five 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
Specialised construction activities (NACE 43)
about 85% more 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 42 years 0 50 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
69.2%
Return on assets
-3.3%
Age of the figures
9 mo
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
30 d early
2024
30 d early
2023
30 d early
2022
24 d early
2021
6 d early
2020
23 d early
2019
21 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 23 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 2 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 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

BEGELEC was incorporated on 19 December 1983.1 Total assets fell from EUR 309,213 in 2018 to EUR 29,669 in 2025 and headcount from 2.4 full-time equivalents in 2018 to 1 in 2020.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2020 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
-€990▼ 86.8%
2024 · -€530
Working capital
€20,522▼ 4.6%
2024 · €21,513
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€1,808▲ 80.7%-€1,491▲ 17.5%-€3,132▼ 110%-€1,397▲ 55.4%-€1,193▲ 14.6%
Net result-€2,069below the sector's middle half▲ 82.5%-€1,763below the sector's middle half▲ 14.8%-€2,200below the sector's middle half▼ 24.8%-€530below the sector's middle half▲ 75.9%-€990below the sector's middle half▼ 86.8%
Equity€26,006below the sector's middle half▼ 7.4%€24,243below the sector's middle half▼ 6.8%€22,043below the sector's middle half▼ 9.1%€21,513below the sector's middle half▼ 2.4%€20,522below the sector's middle half▼ 4.6%
Total assets€34,966below the sector's middle half▼ 9.1%€33,550below the sector's middle half▼ 4.0%€30,950below the sector's middle half▼ 7.8%€30,663below the sector's middle half▼ 0.9%€29,669below the sector's middle half▼ 3.2%
Debt€8,960▼ 13.9%€9,308▲ 3.9%€8,907▼ 4.3%€9,150▲ 2.7%€9,147=
Working capital€26,006below the sector's middle half▼ 7.4%€24,243below the sector's middle half▼ 6.8%€22,043below the sector's middle half▼ 9.1%€21,513below the sector's middle half▼ 2.4%€20,522below the sector's middle half▼ 4.6%
Solvency74.4%above the sector's middle half▲ 1.4pp72.3%above the sector's middle half▼ 2.1pp71.2%above the sector's middle half▼ 1.0pp70.2%above the sector's middle half▼ 1.1pp69.2%above the sector's middle half▼ 1.0pp
Current ratio3.90above the sector's middle half▲ 0.203.60above the sector's middle half▼ 0.303.47above the sector's middle half▼ 0.133.35above the sector's middle half▼ 0.123.24above the sector's middle half▼ 0.11
Return on assets (ROA)-5.9%below the sector's middle half▲ 24.8pp-5.3%below the sector's middle half▲ 0.7pp-7.1%below the sector's middle half▼ 1.9pp-1.7%below the sector's middle half▲ 5.4pp-3.3%below the sector's middle half▼ 1.6pp
Staff (FTE)
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€4,000-€3,000-€2,000-€1,000€0Operating result 2021: -€1,808-€1,808Net result 2021: -€2,069-€2,069Operating result 2022: -€1,491-€1,491Net result 2022: -€1,763-€1,763Operating result 2023: -€3,132-€3,132Net result 2023: -€2,200-€2,200Operating result 2024: -€1,397-€1,397Net result 2024: -€530-€530Operating result 2025: -€1,193-€1,193Net result 2025: -€990-€99020212022202320242025-€4,000-€3,000-€2,000-€1,000€0Operating result 2023: -€3,132-€3,130Net result 2023: -€2,200-€2,200Operating result 2024: -€1,397-€1,400Net result 2024: -€530-€530Operating result 2025: -€1,193-€1,190Net result 2025: -€990-€990202320242025
The operating result stays negative: a loss of €1,193 in 2025 against €1,397 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €29,669
Equity €20,522 ▼ 4.6%
Debt €9,147 =
Debt's share of the balance-sheet total rises from 29.8% to 30.8%. Equity is lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.45▲
2024 · 0.43
ROE
-4.8%▼
2024 · -2.5%
Debt ≤ 1 year
€9,147=
2024 · €9,150
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 12,321 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 · 34 lines
Balance sheet Code20242025
Assets
Total assets20/58€30,663€29,669▼
Current assets29/58€30,663€29,669▼
Amounts receivable within one year40/41€27,111€5,978▼
Trade receivables40€3,490€3,473▼
Other amounts receivable41€23,621€2,505▼
Cash at bank and in hand54/58€2,496€23,269▲
Deferred charges and accrued income490/1€1,056€423▼
Equity and liabilities
Total equity and liabilities10/49€30,663€29,669▼
Equity10/15€21,513€20,522▼
Contributions10/11€212,000€212,000=
Capital10€212,000€212,000=
Issued capital100€212,000€212,000=
Reserves13€85,654€85,654=
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Tax-exempt reserves132€5,454€5,454=
Distributable reserves133€74,000€74,000=
Profit (loss) carried forward14-€276,141-€277,131▼
Amounts payable17/49€9,150€9,147=
Amounts payable within one year42/48€9,150€9,147=
Trade debts44€9,150€9,147=
Suppliers440/4€9,150€9,147=
Income statement Code20242025
Other operating charges640/8€141€144▲
Gross operating margin9900-€1,256-€1,048▲
Operating profit (loss)9901-€1,397-€1,193▲
Financial income75/76B€1,056€423▼
Recurring financial income75€1,056€423▼
Financial charges65/66B€189€220▲
Recurring financial charges65€189€220▲
Profit (loss) for the period before taxes9903-€530-€990▼
Profit (loss) for the period9904-€530-€990▼
Profit (loss) for the period to be appropriated9905-€530-€990▼
Appropriation of the result
Profit (loss) to be appropriated9906-€276,141-€277,131▼
Profit (loss) brought forward from the previous period14P-€275,611-€276,141▼
Line20212022202320242025Change
Remuneration, social security and pensions62--€0---
Other operating charges640/8€120€122€132€141€144▲ 2.6%
Gross operating margin9900-€1,688-€1,370-€3,000-€1,256-€1,048▲ 16.5%
Operating profit (loss)9901-€1,808-€1,491-€3,132-€1,397-€1,193▲ 14.6%
Financial income75/76B--€1,117€1,056€423▼ 60.0%
Recurring financial income75--€1,117€1,056€423▼ 60.0%
Financial charges65/66B€260€272€185€189€220▲ 16.6%
Recurring financial charges65€260€272€185€189€220▲ 16.6%
Profit (loss) for the period before taxes9903-€2,069-€1,763-€2,200-€530-€990▼ 86.8%
Profit (loss) for the period9904-€2,069-€1,763-€2,200-€530-€990▼ 86.8%
Profit (loss) for the period to be appropriated9905-€2,069-€1,763-€2,200-€530-€990▼ 86.8%
Line20212022202320242025Change
Assets
Total assets20/58€34,966€33,550€30,950€30,663€29,669▼ 3.2%
Current assets29/58€34,966€33,550€30,950€30,663€29,669▼ 3.2%
Amounts receivable within one year40/41€33,719€28,393€25,992€27,111€5,978▼ 78.0%
Trade receivables40€8,859€3,537€3,488€3,490€3,473▼ 0.5%
Other amounts receivable41€24,860€24,856€22,504€23,621€2,505▼ 89.4%
Cash at bank and in hand54/58€1,019€5,157€3,841€2,496€23,269▲ 832%
Deferred charges and accrued income490/1€228-€1,117€1,056€423▼ 60.0%
Equity and liabilities
Total equity and liabilities10/49€34,966€33,550€30,950€30,663€29,669▼ 3.2%
Equity10/15€26,006€24,243€22,043€21,513€20,522▼ 4.6%
Contributions10/11€212,000€212,000€212,000€212,000€212,000=
Capital10€212,000€212,000€212,000€212,000€212,000=
Issued capital100€212,000€212,000€212,000€212,000€212,000=
Reserves13€85,654€85,654€85,654€85,654€85,654=
Non-distributable reserves130/1€6,200€6,200€6,200€6,200€6,200=
Legal reserve130€6,200€6,200€6,200€6,200€6,200=
Tax-exempt reserves132€5,454€5,454€5,454€5,454€5,454=
Distributable reserves133€74,000€74,000€74,000€74,000€74,000=
Profit (loss) carried forward14-€271,648-€273,411-€275,611-€276,141-€277,131▼ 0.4%
Amounts payable17/49€8,960€9,308€8,907€9,150€9,147=
Amounts payable within one year42/48€8,960€9,308€8,907€9,150€9,147=
Trade debts44€8,960€9,308€8,907€9,150€9,147=
Suppliers440/4€8,960€9,308€8,907€9,150€9,147=
Line20212022202320242025Change
Profit (loss) for the period9904-€2,069-€1,763-€2,200-€530-€990▼ 86.8%
Operating cash flow (approximation)-€2,069-€1,763-€2,200-€530-€990▼ 86.8%
Change in cash-€4,138-€1,316-€1,344€20,772▲ 1,645%

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 31-07-2027
2026
01-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
01-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Liquidity triplescurrent ratio 3.70
Current ratio from 1.34 to 3.70; short-term debt falls from €119,590 to €10,404.
10-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Back to profitnet €9,341
Net result €9,341 after one loss-making year.
01-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts

We know of 10 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
10 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, Gent · 1 establishment unit since 1983
seat establishment The establishment unit on the map
Ground area
333 m²
Building footprint
333 m²
Volume, LiDAR
4,647 m³
Parcel 44813S0396/00C000, Flanders · tallest building 18.5 m, ±5 floors. Linked by address, not a title deed.
7 companies at this address See who is registered here
1 establishment unit
Wondelgemkaai 8, 9000 Gent
Manufacture of basic metals
since 19832.024.322.197
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44813S0396/00C000 Flanders 333 m² 1 · 333 m² 18.5 m · 5 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. ANSYNE 99.6%
  2. BEGELEC

Highest known parent: ANSYNE. 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 22,829 companies in sector 43211 we hold annual accounts for 10,334. 7,252 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
Founded19-12-1983
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID 0208:0425631941
Registered 27-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

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