CAPOELEC
ActiveSummary
CAPOELEC has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €616,208 and a net result of €25,864. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 93% of 7940 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 3.86 against 2.26 in 2024; short-term debt: 12.9% and cash: 37.1% of total assets), and 12.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 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 2025Solvency, return and age of the figures
Solvency
87.1%
Return on assets
3.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
28 d late
2022
3 d late
2021
29 d late
2020
30 d early
2019
13 d late
← 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 15 days after 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 29 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 company by equity in Saint-Georges-sur-Meuse, Construction sector#3 company by total assets in Saint-Georges-sur-Meuse, Construction sector#9 oldest company in Saint-Georges-sur-Meuse, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€25,864▼ 50.3%
2024 · €52,002
Working capital
€262,513▲ 18.0%
2024 · €222,467
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€48,939▲ 44.5%€174,258▲ 256%€128,129▼ 26.5%€75,048▼ 41.4%€33,945▼ 54.8%
Net result€34,337within the sector's middle half▲ 70.4%€130,462above the sector's middle half▲ 280%€95,874within the sector's middle half▼ 26.5%€52,002within the sector's middle half▼ 45.8%€25,864within the sector's middle half▼ 50.3%
Equity€299,046within the sector's middle half▲ 13.0%€429,508within the sector's middle half▲ 43.6%€525,382within the sector's middle half▲ 22.3%€577,385within the sector's middle half▲ 9.9%€616,208within the sector's middle half▲ 6.7%
Total assets€379,468within the sector's middle half▼ 7.5%€627,889within the sector's middle half▲ 65.5%€697,037within the sector's middle half▲ 11.0%€753,817within the sector's middle half▲ 8.1%€707,845within the sector's middle half▼ 6.1%
Debt€80,422▼ 44.7%€198,381▲ 147%€171,655▼ 13.5%€176,432▲ 2.8%€91,637▼ 48.1%
Working capital€179,258within the sector's middle half▼ 17.4%€35,391within the sector's middle half▼ 80.3%€151,032within the sector's middle half▲ 327%€222,467within the sector's middle half▲ 47.3%€262,513within the sector's middle half▲ 18.0%
Solvency78.8%above the sector's middle half▲ 14.3pp68.4%above the sector's middle half▼ 10.4pp75.4%above the sector's middle half▲ 7.0pp76.6%above the sector's middle half▲ 1.2pp87.1%above the sector's middle half▲ 10.5pp
Current ratio3.28above the sector's middle half▲ 0.161.18within the sector's middle half▼ 2.101.88within the sector's middle half▲ 0.702.26within the sector's middle half▲ 0.383.86above the sector's middle half▲ 1.60
Return on assets (ROA)9.0%within the sector's middle half▲ 4.1pp20.8%above the sector's middle half▲ 11.7pp13.8%above the sector's middle half▼ 7.0pp6.9%within the sector's middle half▼ 6.9pp3.7%within the sector's middle half▼ 3.2pp
Staff (FTE)2.5below the sector's middle half▼ 40.5%1.8below the sector's middle half▼ 28.0%1below the sector's middle half▼ 44.4%0.7below the sector's middle half▼ 30.0%0below the sector's middle half▼ 100%
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
The operating result has fallen three years in a row; 2025 is 55% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €707,845
Fixed assets
€353,695 ▼ 0.3%
Current assets
€354,150 ▼ 11.2%
Equity and liabilities €707,845
Equity
€616,208 ▲ 6.7%
Debt
€91,637 ▼ 48.1%
Debt's share of the balance-sheet total falls from 23.4% to 12.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€65,112▼
2024 · €100,860
Cash flow
€57,030▼
2024 · €77,815
Quick ratio
3.82▲
2024 · 2.13
Debt to equity
0.15▼
2024 · 0.31
ROE
4.2%▼
2024 · 9.0%
Interest coverage
120.91▼
2024 · 121.00
Debt ≤ 1 year
€91,637▼
2024 · €176,432
Income taxes
€11,153▼
2024 · €22,212
Staff costs
€594▼
2024 · €52,361
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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%.
| 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 14,732 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €92,142 | €75,779 | €59,902 | €52,361 | €594 | ▼ 98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,731 | €20,697 | €27,443 | €25,812 | €31,167 | ▲ 20.7% |
| Other operating charges640/8 | €2,340 | €1,778 | €2,067 | €10,224 | €5,908 | ▼ 42.2% |
| Gross operating margin9900 | €160,151 | €272,513 | €217,541 | €163,446 | €71,615 | ▼ 56.2% |
| Operating profit (loss)9901 | €48,939 | €174,258 | €128,129 | €75,048 | €33,945 | ▼ 54.8% |
| Financial income75/76B | €13 | - | - | €0 | €3,610 | ▲ 2,578,643% |
| Recurring financial income75 | €13 | - | - | €0 | €3,610 | ▲ 2,578,643% |
| Financial charges65/66B | €1,381 | €1,257 | €2,118 | €834 | €539 | ▼ 35.4% |
| Recurring financial charges65 | €1,381 | €1,257 | €2,118 | €834 | €539 | ▼ 35.4% |
| Profit (loss) for the period before taxes9903 | €47,570 | €173,001 | €126,011 | €74,215 | €37,017 | ▼ 50.1% |
| Income taxes67/77 | €13,233 | €42,539 | €30,137 | €22,212 | €11,153 | ▼ 49.8% |
| Profit (loss) for the period9904 | €34,337 | €130,462 | €95,874 | €52,002 | €25,864 | ▼ 50.3% |
| Profit (loss) for the period to be appropriated9905 | €34,337 | €130,462 | €95,874 | €52,002 | €25,864 | ▼ 50.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €379,468 | €627,889 | €697,037 | €753,817 | €707,845 | ▼ 6.1% |
| Fixed assets21/28 | €121,629 | €394,158 | €374,350 | €354,917 | €353,695 | ▼ 0.3% |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €121,629 | €394,158 | €374,350 | €354,917 | €353,695 | ▼ 0.3% |
| Land and buildings22 | €78,982 | €358,641 | €348,213 | €338,373 | €322,003 | ▼ 4.8% |
| Plant, machinery and equipment23 | €15,777 | €16,149 | €11,919 | €8,834 | €5,970 | ▼ 32.4% |
| Furniture and vehicles24 | €26,869 | €19,367 | €14,218 | €7,711 | €25,722 | ▲ 234% |
| Current assets29/58 | €257,840 | €233,731 | €322,687 | €398,899 | €354,150 | ▼ 11.2% |
| Stocks and contracts in progress3 | €56,247 | €34,677 | €49,309 | €23,804 | €4,452 | ▼ 81.3% |
| Stocks30/36 | €56,247 | €34,677 | €49,309 | €23,804 | €4,452 | ▼ 81.3% |
| Amounts receivable within one year40/41 | €76,043 | €120,888 | €212,413 | €257,040 | €86,098 | ▼ 66.5% |
| Trade receivables40 | €55,235 | €110,007 | €193,508 | €244,542 | €76,731 | ▼ 68.6% |
| Other amounts receivable41 | €20,809 | €10,881 | €18,905 | €12,499 | €9,367 | ▼ 25.1% |
| Current investments50/53 | €21,602 | €0 | €13,600 | - | - | - |
| Cash at bank and in hand54/58 | €99,592 | €77,292 | €46,626 | €114,946 | €262,563 | ▲ 128% |
| Deferred charges and accrued income490/1 | €4,356 | €874 | €739 | €3,109 | €1,037 | ▼ 66.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €379,468 | €627,889 | €697,037 | €753,817 | €707,845 | ▼ 6.1% |
| Equity10/15 | €299,046 | €429,508 | €525,382 | €577,385 | €616,208 | ▲ 6.7% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €86,355 | €186,355 | €281,355 | €331,355 | €351,355 | ▲ 6.0% |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €0 | - | - | - |
| Distributable reserves133 | €84,500 | €184,500 | €281,355 | €331,355 | €351,355 | ▲ 6.0% |
| Profit (loss) carried forward14 | €194,141 | €224,603 | €225,477 | €227,480 | €233,343 | ▲ 2.6% |
| Investment grants15 | - | - | - | - | €12,960 | - |
| Amounts payable17/49 | €80,422 | €198,381 | €171,655 | €176,432 | €91,637 | ▼ 48.1% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €78,582 | €198,340 | €171,655 | €176,432 | €91,637 | ▼ 48.1% |
| Current portion of amounts payable after more than one year42 | €5,551 | €0 | - | - | - | - |
| Financial debts43 | - | €0 | €0 | €0 | €0 | - |
| Credit institutions430/8 | - | €0 | €0 | €0 | €0 | - |
| Trade debts44 | €40,763 | €76,775 | €66,296 | €86,552 | €27,930 | ▼ 67.7% |
| Suppliers440/4 | €40,763 | €76,775 | €66,296 | €86,552 | €27,930 | ▼ 67.7% |
| Taxes, remuneration and social security45 | €24,277 | €106,958 | €93,833 | €81,457 | €54,035 | ▼ 33.7% |
| Taxes450/3 | €8,047 | €59,640 | €70,708 | €55,411 | €41,004 | ▼ 26.0% |
| Remuneration and social security454/9 | €16,230 | €47,318 | €23,125 | €26,046 | €13,031 | ▼ 50.0% |
| Other amounts payable47/48 | €7,991 | €14,608 | €11,526 | €8,423 | €9,672 | ▲ 14.8% |
| Accrued charges and deferred income492/3 | €1,840 | €41 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,337 | €130,462 | €95,874 | €52,002 | €25,864 | ▼ 50.3% |
| + Depreciation and write-downs630 | €16,731 | €20,697 | €27,443 | €25,812 | €31,167 | ▲ 20.7% |
| Operating cash flow (approximation) | €51,069 | €151,159 | €123,317 | €77,815 | €57,030 | ▼ 26.7% |
| Investment in fixed assets (approximation) | - | -€293,227 | -€7,635 | -€6,379 | -€29,944 | ▼ 369% |
| Change in cash | - | -€22,300 | -€30,666 | €68,320 | €147,617 | ▲ 116% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial
Equity above €500,000Eq €525,382 ▲22.3%
4 profitable years in a row build equity to €525,382.
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 3 days late
2022
31-12
Financial
Highest result since 2018net €130,462 ▲280%
Operating result €174,258, net result €130,462, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €20,151
Net result €20,151 after 2 loss-making years.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 13 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 3 days late
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Saint-Georges-sur-Meuse · 2 establishment units since 2005
Ground area
980 m²
Building footprint
226 m²
Volume, LiDAR
1,454 m³
2 parcels, Wallonia · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
CAPOELEC
since 20052.146.684.432
Chaussée de Liège(Cle) 86/2a, 4480 Engis
since 20242.359.317.538
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64065B1430/00K003 | Wallonia | 618 m² | 1 · 171 m² | 8.6 m · 2 fl. |
| 61013B0083/00P002indicative | Wallonia | 362 m² | 1 · 54 m² | 9.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
64880HD7ZF04L72U5Z95
Similar companies · same sector, comparable size
Immobilière - la construction passive
BE 0540.610.593
Fleurus · Eq €616,609
MAXUS
BE 0886.276.330
Diest · Eq €617,251
ELREKO
BE 0547.632.306
Merchtem · Eq €614,758
NASSEN
BE 0841.302.675
Riemst · Eq €617,721
SUNSOLUTIONS
BE 0823.053.314
Harelbeke · Eq €614,620
Of 22,829 companies in sector 43211 we hold annual accounts for 10,334. 5,955 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0873476585
Registered
06-11-2025
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.