BR ELECTRIMEK
ActiveThe computed 12-month bankruptcy probability of BR ELECTRIMEK is 2.3% (moderate). The annual accounts of BR ELECTRIMEK for fiscal year 2024 show a net loss of 61% of the equity at the start of that year. The 2024 annual accounts show equity of €78k and a net result of €-122k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 9% of 3549 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
32
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability13▼-61
Solvency28▼-18
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.92 against 1.27 in 2023; short-term debt: 43.7% and cash: 4.2% of total assets), and 96.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 →
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 2024Solvency, return and age of the figures
Solvency
3.1%
Return on assets
-4.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 3549 sector peers (2024).
NBB · sector comparisonPosition among 3549 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
28 d late
2022
55 d early
2021
31 d late
2020
102 d late
2019
130 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-122k
2023 · €43k
2018: €42k
2019: €102k
2020: €36k
2021: €5k
2022: €17k
2023: €43k
2018 → 2024
Working capital
€-88k
2023 · €157k
2018: €46k
2019: €128k
2020: €122k
2021: €141k
2022: €179k
2023: €157k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€243k-€248k▲ 2.1%€203k▼ 18.4%€199k▼ 1.8%€78k▼ 61.1%
Operating result€69k-€23k▼ 66.6%€35k▲ 51.9%€72k▲ 107%€-66k
Net result€36k-€5k▼ 86.0%€17k▲ 242%€43k▲ 145%€-122k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €66k after €72k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.50M
Fixed assets
€1.50M▲ 632%
Current assets
€1.00M▲ 38.1%
Equity and liabilities €2.50M
Equity
€78k▼ 61.1%
Debt
€2.42M▲ 231%
The debt ratio rises from 78.6% to 96.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-7k▼
2023 · €99k
Cash flow
€-63k▼
2023 · €69k
Solvency
3.1%▼
2023 · 21.4%
Current ratio
0.92▼
2023 · 1.27
Quick ratio
0.92▼
2023 · 1.27
Debt / equity
31.25▲
2023 · 3.68
ROE
-156.8%▼
2023 · 21.5%
ROA
-4.9%▼
2023 · 4.6%
Interest coverage
-0.12▼
2023 · 8.56
Debt
€2.42M▲
2023 · €732k
Debt ≤ 1 year
€1.09M▲
2023 · €570k
Debt > 1 year
€1.33M▲
2023 · €159k
Income taxes
€2k▼
2023 · €19k
Staff costs
€656k▲
2023 · €296k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€931k€2.50M▲
Fixed assets21/28€204k€1.50M▲
Intangible fixed assets21-€18k
Tangible fixed assets22/27€203k€1.48M▲
Land and buildings22€155k€1.44M▲
Plant, machinery and equipment23€5k€2k▼
Furniture and vehicles24€43k€33k▼
Financial fixed assets28€1k€1k=
Current assets29/58€727k€1.00M▲
Amounts receivable within one year40/41€487k€860k▲
Trade receivables40€416k€742k▲
Other amounts receivable41€71k€118k▲
Cash at bank and in hand54/58€210k€104k▼
Deferred charges and accrued income490/1€30k€39k▲
Equity and liabilities
Total equity and liabilities10/49€931k€2.50M▲
Equity10/15€199k€78k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€179k€57k▼
Amounts payable17/49€732k€2.42M▲
Amounts payable after more than one year17€159k€1.33M▲
Financial debts170/4€159k€1.33M▲
Amounts payable within one year42/48€570k€1.09M▲
Current portion of amounts payable after more than one year42€19k€61k▲
Financial debts43-€100k
Credit institutions430/8-€100k
Trade debts44€418k€491k▲
Suppliers440/4€418k€491k▲
Taxes, remuneration and social security45€129k€136k▲
Taxes450/3€47k€23k▼
Remuneration and social security454/9€82k€113k▲
Other amounts payable47/48€4k€302k▲
Accrued charges and deferred income492/3€3k€20▼
Income statement
Code20232024
Remuneration, social security and pensions62€296k€656k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€59k▲
Other operating charges640/8€11k€47k▲
Gross operating margin9900€405k€695k▲
Operating profit (loss)9901€72k€-66k▼
Financial income75/76B€1k€8k▲
Recurring financial income75€1k€8k▲
Financial charges65/66B€12k€61k▲
Recurring financial charges65€12k€61k▲
Profit (loss) for the period before taxes9903€62k€-119k▼
Income taxes67/77€19k€2k▼
Profit (loss) for the period9904€43k€-122k▼
Profit (loss) for the period to be appropriated9905€43k€-122k▼
Appropriation of the result
Profit (loss) to be appropriated9906€237k€57k▼
Profit (loss) brought forward from the previous period14P€195k€179k▼
Profit to be distributed694/7€59k-
Return on contributions (dividend)694€59k-
Social balance
Average headcount (FTE)90879.110.8▲
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-122k ▼384%
Net result drops to €-122k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 102 days late
2020
08-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 130 days late
2019
31-12
Financial
Highest result since 2018net €102k ▲143%
Operating result €139k, net result €102k, both a record.
31-12
Financial
Equity above €200kEq €207k ▲97.5%
2 profitable years in a row build equity to €207k.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Elsene · 1 establishment unit since 2015
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.
Kroonlaan 3741050 ElseneGround area
195 m²
Building footprint
79 m²
Volume, LiDAR
1,211 m³
Parcel 21443C0224/00V006, Brussels · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Kroonlaan 374, 1050 Elsene
since 20152.245.848.324
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0224/00V006 | Brussels | 195 m² | 1 · 79 m² | 17.2 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,097 companies in sector 43240 we hold annual accounts for 1,632. 1,375 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-09-2015
Fiscal year end31-12
Abbreviation FR
ELECTRIMEK
Activities, NACEBEL
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.