Equity
€54,110 ▲ 81.1%
BORNELEC has made a profit in every financial year since 2023.
BORNELEC
Lifetime
3 annual accounts with figures on one time axispeak €35,391 (2025)
€35,391▲ 18.6%
peak €24,229 (2025)
€24,229▲ 34.9%
peak €54,110 (2025)
€54,110▲ 81.1%
€16,889▼ 7.4%
Board1 name since 2023
1 director
Documentsfilings and deeds
10-04-2026112 days before the deadline
2025micro format
Gross margin from €29,848 to €35,391Result from €17,959 to €24,229Equity from €29,881 to €54,110Cash from €19,563 to €54,649
Key points
from the 2025 annual accountsTurnover
≈ €160,000 estimated
The micro format states no turnover.
Liquidity
3.64 was 2.21 in 2024
Short-term debts rose from €15,591 to €16,889.
Filings
3 annual accounts 2 late
The 2024 accounts came latest: 28 days after the end of the period.
Starting capital
€10,000 100 shares
Position in the sector
76.2%
Higher solvency than 81% of companies in specialised construction. Sector median 46.8% · 37,211 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 39,326 companies had the same profile as BORNELEC has now. Each dot stands for 99 companies, two years later.
95.7%
were still trading
2.4%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,326 companies, not a prediction for BORNELEC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0799787467
Incorporation
Founding capital of €10,000, 100 shares · Founder: · Appointment: (director) · published on 24-03-2023 · Gazette deed
First establishment
Route de la Croix Renard 25, Olne
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BORNELEC Olne | €70,999 | €35,391 | 76.2% | - |
| JF ELEC Wasseiges | €79,883 | €37,261 | 59.0% | - |
| SAP ELEC Liège | €62,202 | €32,448 | 4.0% | - |
| ECOSOLEC Juprelle | €64,979 | €40,939 | 37.8% | - |
| BAUMANS INDUSTRIES SERVICES Jalhay | €75,271 | €31,911 | 24.5% | - |
| TS-BORREY Puurs-Sint-Amands | €68,117 | €34,312 | 95.4% | - |
| SBMH-Technics Brecht | €74,092 | €36,440 | 10.8% | - |
These companies have the same main activity as BORNELEC: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €62,200 and €79,900, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 22-03-2023Normal situation
- Activity
- General electrical installation workNACE 43211and 5 others
- Establishment unit
- 2.343.585.3264877 Olne, since 22-03-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 26-09-2025
Annual accounts 2025
- €70,999▲ 47.5%
- Filing
- Filed on 10-04-2026, 112 days before the end of the filing period
Insights on BORNELEC
BORNELEC files the micro format. That format states no turnover. The gross margin rose from €6,168 in 2023 to €35,391 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BORNELEC
- What is the company number of BORNELEC?
- The company number of BORNELEC is 0799.787.467. The VAT number is the same number with BE in front: BE 0799.787.467.
- Where is BORNELEC based?
- The registered office is at Route de la Croix Renard 25, 4877 Olne.Company details
- What does BORNELEC do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of BORNELEC?
- BORNELEC is a private limited company (BV).
- When was BORNELEC founded?
- BORNELEC was founded on 22-03-2023.
- Is BORNELEC still active?
- Yes, BORNELEC is an active enterprise in the KBO register.
- What is the turnover of BORNELEC?
- The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €35,391 and 45 comparable companies (NACE 43211). It probably lies between €120,000 and €250,000.Financials
- Is BORNELEC profitable?
- In financial year 2025, BORNELEC made a profit of €24,229.
- Where can I find the annual accounts of BORNELEC?
- BORNELEC filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BORNELEC due?
- BORNELEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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