C-MAC ELECTROMAG
ActiveSummary
C-MAC ELECTROMAG has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €14.11M and a net result of €4.62M. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 41% of 112 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability85▲+10
Solvency58▼-18
Growth65▲+1
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €900k at 30 days acceptable
Liquidity ample (current ratio 1.68 against 2.8 in 2023; short-term debt: 53.2% and cash: 7.4% of total assets), but 67.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 27
Relative position
BE, all sectors
reference
Sector 27
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
32.7%
Return on assets
10.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
29 d early
2022
39 d early
2021
136 d late
2020
43 d early
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€41.70M▲ 4.9%
2023 · €39.76M
2018: €38.00M
2019: €30.62M
2020: €22.96M
2021: €22.74M
2022: €28.82M
2023: €39.76M
2018 → 2024
EBIT margin
15.0%▲ 5.5pp
2023 · 9.5%
2018: 11.1%
2019: 8.6%
2020: 4.2%
2021: 3.5%
2022: 2.7%
2023: 9.5%
2018 → 2024
Net result
€4.62M▲ 56.1%
2023 · €2.96M
2018: €439k
2019: €2.02M
2020: €927k
2021: €740k
2022: €491k
2023: €2.96M
2018 → 2024
Working capital
€15.65M▼ 26.8%
2023 · €21.38M
2018: €7.89M
2019: €10.42M
2020: €12.79M
2021: €14.76M
2022: €18.90M
2023: €21.38M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€22.96M-€22.74M▼ 0.9%€28.82M▲ 26.7%€39.76M▲ 38.0%€41.70M▲ 4.9%
Equity€15.30M-€16.04M▲ 4.8%€16.53M▲ 3.1%€19.49M▲ 17.9%€14.11M▼ 27.6%
Operating result€969k-€799k▼ 17.6%€790k▼ 1.1%€3.79M▲ 380%€6.26M▲ 65.4%
Net result€927k-€740k▼ 20.2%€491k▼ 33.7%€2.96M▲ 503%€4.62M▲ 56.1%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 65% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €43.13M
Fixed assets
€4.56M ▼ 0.7%
Current assets
€38.58M ▲ 15.9%
Equity and liabilities €43.13M
Equity
€14.11M ▼ 27.6%
Debt
€29.02M ▲ 57.8%
Debt's share of the balance-sheet total rises from 48.6% to 67.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€7.26M▲
2023 · €4.81M
Cash flow
€5.61M▲
2023 · €3.98M
Current ratio
1.68▼
2023 · 2.80
Quick ratio
1.09▼
2023 · 1.73
Debt to equity
2.06▲
2023 · 0.94
ROE
32.7%▲
2023 · 15.2%
ROA
10.7%▲
2023 · 7.8%
Interest coverage
16.63▲
2023 · 10.77
Debt ≤ 1 year
€22.93M▲
2023 · €11.91M
Debt > 1 year
€6.04M▼
2023 · €6.42M
Income taxes
€1.28M▲
2023 · €551k
Staff costs
€10.34M▲
2023 · €9.27M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 89 lines
Balance sheet
Code20232024
Assets
Total assets20/58€37.89M€43.13M▲
Fixed assets21/28€4.59M€4.56M▼
Tangible fixed assets22/27€3.32M€3.29M▼
Land and buildings22€303k€291k▼
Plant, machinery and equipment23€2.42M€2.62M▲
Furniture and vehicles24€71k€79k▲
Assets under construction and advance payments27€520k€299k▼
Financial fixed assets28€1.27M€1.27M=
Affiliated companies280/1€1.27M€1.27M=
Participating interests280€1.27M€1.27M=
Current assets29/58€33.30M€38.58M▲
Amounts receivable after more than one year29€18.32M€18.82M▲
Other amounts receivable291€18.32M€18.82M▲
Stocks and contracts in progress3€12.64M€13.60M▲
Stocks30/36€12.64M€13.60M▲
Raw materials and consumables30/31€9.86M€10.83M▲
Work in progress32€1.62M€1.63M▲
Finished goods33€1.16M€1.13M▼
Amounts receivable within one year40/41€2.04M€2.86M▲
Trade receivables40€1.75M€2.69M▲
Other amounts receivable41€282k€171k▼
Cash at bank and in hand54/58€191k€3.18M▲
Deferred charges and accrued income490/1€107k€120k▲
Equity and liabilities
Total equity and liabilities10/49€37.89M€43.13M▲
Equity10/15€19.49M€14.11M▼
Contributions10/11€1.80M€1.80M=
Revaluation surpluses12€317k€317k=
Reserves13€1.59M€1.34M▼
Non-distributable reserves130/1€188k€188k=
Reserves not available under the articles1311€180k€180k=
Other1319€8k€8k=
Tax-exempt reserves132€1.40M€1.15M▼
Profit (loss) carried forward14€15.79M€10.66M▼
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Pensions and similar obligations160€0-
Amounts payable17/49€18.39M€29.02M▲
Amounts payable after more than one year17€6.42M€6.04M▼
Financial debts170/4€6.42M€6.04M▼
Subordinated loans170€6.42M€1.65M▼
Credit institutions173€0€4.39M▲
Amounts payable within one year42/48€11.91M€22.93M▲
Current portion of amounts payable after more than one year42€0€1.35M▲
Financial debts43€2.68M-
Credit institutions430/8€2.68M-
Trade debts44€7.16M€8.33M▲
Suppliers440/4€7.16M€8.33M▲
Advances received on contracts in progress46-€388k
Taxes, remuneration and social security45€1.92M€2.71M▲
Taxes450/3€434k€1.13M▲
Remuneration and social security454/9€1.49M€1.57M▲
Other amounts payable47/48€155k€10.16M▲
Accrued charges and deferred income492/3€63k€52k▼
Income statement
Code20232024
Operating income70/76A€41.04M€42.64M▲
Turnover70€39.76M€41.70M▲
Change in stocks of work in progress, finished goods and contracts in progress71€718k€21k▼
Other operating income74€562k€918k▲
Operating charges60/66A€37.25M€36.38M▼
Goods for resale, raw materials and consumables60€19.65M€19.22M▼
Purchases600/8€20.90M€20.46M▼
Change in stocks: decrease (increase)609€-1.25M€-1.24M▲
Services and other goods61€6.68M€5.45M▼
Remuneration, social security and pensions62€9.27M€10.34M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.02M€993k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€561k€305k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-511-
Other operating charges640/8€67k€72k▲
Operating profit (loss)9901€3.79M€6.26M▲
Financial income75/76B€514k€516k▲
Recurring financial income75€514k€516k▲
Income from current assets751€416k€448k▲
Other financial income752/9€98k€68k▼
Financial charges65/66B€792k€880k▲
Recurring financial charges65€792k€880k▲
Debt charges650€447k€436k▼
Other financial charges652/9€345k€443k▲
Profit (loss) for the period before taxes9903€3.51M€5.90M▲
Income taxes67/77€551k€1.28M▲
Taxes670/3€551k€1.38M▲
Tax adjustments and reversals of tax provisions77€285€101k▲
Profit (loss) for the period9904€2.96M€4.62M▲
Transfer from tax-exempt reserves789-€935k
Transfer to tax-exempt reserves689€1.40M€688k▼
Profit (loss) for the period to be appropriated9905€1.56M€4.87M▲
Appropriation of the result
Profit (loss) to be appropriated9906€15.79M€20.66M▲
Profit (loss) brought forward from the previous period14P€14.23M€15.79M▲
Profit to be distributed694/7-€10.00M
Return on contributions (dividend)694-€10.00M
Social balance
Average headcount (FTE)9087151.6160.7▲
The notes to these accounts (74 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
17-09
State Gazette act
Resignation: Danny Detemmerman (director)Permanent representative: Brecht Deketele · Reappointment: Ernst & Young Bedrijfsrevisoren bv (statutory auditor) · Power of attorney7 facts ▸
State Gazette act
Resignation: Danny Detemmerman (director)
Permanent representative: Brecht Deketele · Reappointment: Ernst & Young Bedrijfsrevisoren bv (statutory auditor) · Power of attorney7 facts ▸
- General meeting, 17-06-2026
- Director resignation, Danny Detemmerman (director)
- Permanent representative, Brecht Deketele (representative)
- Power of attorney, Koen De Bock
- Power of attorney, Bavo De Mey
- Director discharge, Danny Detemmerman (director)
- Auditor reappointment, Ernst & Young Bedrijfsrevisoren bv (statutory auditor)
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €4.62M ▲56.1%
Operating result €6.26M, net result €4.62M, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 136 days late
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
24-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 22 acts read
About the unread acts
Of the 22 Belgian State Gazette acts we know for this company, 1 has been read. The other 21 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
17-06-2026
Resigned as Director
Not every act has been read: a resignation may be missing here
21 of this company's 22 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Ronse · 1 establishment unit since 1964
Ground area
2.1 ha
Building footprint
6,979 m²
Volume, LiDAR
38,999 m³
Parcel 45422C0931/00F000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
C-MAC ELECTROMAG
since 19642.000.249.470
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422C0931/00F000 | Flanders | 2.1 ha | 1 · 6,979 m² | 10.6 m · 2 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.
Statutory auditor
1 auditor| Ernst et Young Reviseurs d'EntreprisesCurrent Statutory auditor · represented by Brecht Deketele | 17-09-2026 → present |
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 56,386 EUR awarded · 56,386 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 9,815 EUR | 9,815 EUR |
| 2024 | 2 | 13,961 EUR | 13,961 EUR |
| 2023 | 1 | 22,929 EUR | 22,929 EUR |
| 2022 | 1 | 9,681 EUR | 9,681 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Individueel Maatwerk
Recognitions · licences · registrations
Legal Entity Identifier
6994005E296MDE97Q363
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Of 142 companies in sector 27900 we hold annual accounts for 103. 21 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-08-1973
Fiscal year end31-12
Activities, NACEBEL 2025
26110Manufacture of computer, electronic and optical products
27900Manufacture of electrical equipment
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 48 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.