CBO ELEKTRO
ActiveSummary
CBO ELEKTRO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16k and a net result of €-4k. Equity is shrinking by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 42% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▲+12
Solvency63▲+4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 2.08 in 2024; short-term debt: 62.2% and cash: 14.4% of total assets), but 62.2% of the assets are financed with debt.
Credit check for your own amount and term
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 dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
37.8%
Return on assets
-10.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-4k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
1 d late
2023
12 d late
2022
54 d early
2021
3 d late
2020
2 d late
2019
6 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€394k
EBIT margin
-12.7%
Net result
€-4k▲ 69.2%
2024 · €-14k
2018: €-57klowest in 8 years
2019: €-12k▲ +79.2% vs 2018
2020: €21k▲ +278% vs 2019highest in 8 years
2021: €21k▼ -1.6% vs 2020
2022: €3k▼ -87.4% vs 2021
2023: €-50k▼ -2019% vs 2022
2024: €-14k▲ +72.0% vs 2023
2025: €-4k▲ +69.2% vs 2024
2018 → 2025
Working capital
€14k▼ 53.8%
2024 · €30k
2018: €170k
2019: €154k▼ -9.7% vs 2018
2020: €180k▲ +17.2% vs 2019
2021: €182k▲ +0.9% vs 2020highest in 8 years
2022: €167k▼ -8.3% vs 2021
2023: €58k▼ -65.1% vs 2022
2024: €30k▼ -49.1% vs 2023
2025: €14k▼ -53.8% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€81k-€84k▲ 3.2%€34k▼ 59.3%€20k▼ 40.7%€16k▼ 21.2%
2021: €81k
2022: €84k▲ +3.2% vs 2021highest in 5 years
2023: €34k▼ -59.3% vs 2022
2024: €20k▼ -40.7% vs 2023
2025: €16k▼ -21.2% vs 2024lowest in 5 years
Operating result€30k-€9k▼ 71.1%€-45k€-9k▲ 80.2%€-1k▲ 85.9%
2021: €30khighest in 5 years
2022: €9k▼ -71.1% vs 2021
2023: €-45k▼ -624% vs 2022lowest in 5 years
2024: €-9k▲ +80.2% vs 2023
2025: €-1k▲ +85.9% vs 2024
Net result€21k-€3k▼ 87.4%€-50k€-14k▲ 72.0%€-4k▲ 69.2%
2021: €21khighest in 5 years
2022: €3k▼ -87.4% vs 2021
2023: €-50k▼ -2019% vs 2022lowest in 5 years
2024: €-14k▲ +72.0% vs 2023
2025: €-4k▲ +69.2% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2025 against €9k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €42k
Fixed assets
€2k =
Current assets
€40k ▼ 30.3%
Equity and liabilities €42k
Equity
€16k ▼ 21.2%
Debt
€26k ▼ 33.3%
Debt's share of the balance-sheet total falls from 66.0% to 62.2%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.52▼
2024 · 2.08
Quick ratio
1.25▼
2024 · 1.40
Debt to equity
1.64▼
2024 · 1.94
ROE
-26.9%▲
2024 · -68.8%
ROA
-10.2%▲
2024 · -23.4%
Debt ≤ 1 year
€26k▼
2024 · €28k
Income taxes
€326▼
2024 · €328
Staff costs
€9k▼
2024 · €17k
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 · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€59k€42k▼
Fixed assets21/28€2k€2k=
Financial fixed assets28€2k€2k=
Current assets29/58€57k€40k▼
Stocks and contracts in progress3€19k€7k▼
Stocks30/36€13k€2k▼
Contracts in progress37€5k€5k=
Amounts receivable within one year40/41€26k€26k▼
Trade receivables40€22k€22k▲
Other amounts receivable41€4k€3k▼
Cash at bank and in hand54/58€13k€6k▼
Deferred charges and accrued income490/1-€960
Equity and liabilities
Total equity and liabilities10/49€59k€42k▼
Equity10/15€20k€16k▼
Contributions10/11€19k€19k=
Reserves13€134k€134k=
Distributable reserves133€134k€134k=
Profit (loss) carried forward14€-132k€-137k▼
Amounts payable17/49€39k€26k▼
Amounts payable after more than one year17€12k-
Financial debts170/4€12k-
Amounts payable within one year42/48€28k€26k▼
Financial debts43€9k-
Credit institutions430/8€9k-
Trade debts44€5k€14k▲
Suppliers440/4€5k€14k▲
Advances received on contracts in progress46€3k€158▼
Taxes, remuneration and social security45-€2k
Remuneration and social security454/9-€2k
Other amounts payable47/48€11k€10k▼
Income statement
Code20242025
Remuneration, social security and pensions62€17k€9k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€485-
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A-€1k
Gross operating margin9900€11k€11k▼
Operating profit (loss)9901€-9k€-1k▲
Financial income75/76B-€38
Recurring financial income75-€38
Financial charges65/66B€5k€3k▼
Recurring financial charges65€5k€3k▼
Profit (loss) for the period before taxes9903€-14k€-4k▲
Income taxes67/77€328€326▼
Profit (loss) for the period9904€-14k€-4k▲
Profit (loss) for the period to be appropriated9905€-14k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-132k€-137k▼
Profit (loss) brought forward from the previous period14P€-119k€-132k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €53k | €24k | €8k | €17k | €9k | ▼ 49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €12k | €646 | €485 | - | - |
| Other operating charges640/8 | €8k | €4k | €4k | €2k | €2k | ▼ 14.5% |
| Non-recurring operating charges66A | €6k | - | - | - | €1k | - |
| Gross operating margin9900 | €108k | €49k | €-33k | €11k | €11k | ▼ 3.5% |
| Operating profit (loss)9901 | €30k | €9k | €-45k | €-9k | €-1k | ▲ 85.9% |
| Financial income75/76B | €0 | - | €60 | - | €38 | - |
| Recurring financial income75 | €0 | - | €60 | - | €38 | - |
| Financial charges65/66B | €9k | €5k | €4k | €5k | €3k | ▼ 40.3% |
| Recurring financial charges65 | €9k | €5k | €4k | €5k | €3k | ▼ 40.3% |
| Profit (loss) for the period before taxes9903 | €21k | €3k | €-50k | €-14k | €-4k | ▲ 70.8% |
| Income taxes67/77 | €389 | €814 | €-152 | €328 | €326 | ▼ 0.6% |
| Profit (loss) for the period9904 | €21k | €3k | €-50k | €-14k | €-4k | ▲ 69.2% |
| Profit (loss) for the period to be appropriated9905 | €21k | €3k | €-50k | €-14k | €-4k | ▲ 69.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €253k | €215k | €85k | €59k | €42k | ▼ 29.2% |
| Fixed assets21/28 | €40k | €29k | €3k | €2k | €2k | = |
| Tangible fixed assets22/27 | €39k | €28k | €485 | - | - | - |
| Land and buildings22 | €35k | €26k | - | - | - | - |
| Plant, machinery and equipment23 | €2k | €1k | - | - | - | - |
| Furniture and vehicles24 | €2k | €1k | €485 | - | - | - |
| Financial fixed assets28 | €246 | €246 | €2k | €2k | €2k | = |
| Current assets29/58 | €214k | €186k | €82k | €57k | €40k | ▼ 30.3% |
| Stocks and contracts in progress3 | €127k | €106k | €20k | €19k | €7k | ▼ 61.9% |
| Stocks30/36 | €107k | €101k | €15k | €13k | €2k | ▼ 87.4% |
| Contracts in progress37 | €20k | €5k | €5k | €5k | €5k | = |
| Amounts receivable within one year40/41 | €56k | €36k | €46k | €26k | €26k | ▼ 0.6% |
| Trade receivables40 | €40k | €21k | €28k | €22k | €22k | ▲ 1.0% |
| Other amounts receivable41 | €16k | €15k | €18k | €4k | €3k | ▼ 10.5% |
| Cash at bank and in hand54/58 | €31k | €44k | €16k | €13k | €6k | ▼ 52.1% |
| Deferred charges and accrued income490/1 | €200 | - | - | - | €960 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €253k | €215k | €85k | €59k | €42k | ▼ 29.2% |
| Equity10/15 | €81k | €84k | €34k | €20k | €16k | ▼ 21.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €134k | €134k | €134k | €134k | €134k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €132k | €132k | €134k | €134k | €134k | = |
| Profit (loss) carried forward14 | €-72k | €-69k | €-119k | €-132k | €-137k | ▼ 3.2% |
| Amounts payable17/49 | €172k | €131k | €51k | €39k | €26k | ▼ 33.3% |
| Amounts payable after more than one year17 | €140k | €112k | €27k | €12k | - | - |
| Financial debts170/4 | €140k | €112k | €27k | €12k | - | - |
| Amounts payable within one year42/48 | €32k | €19k | €24k | €28k | €26k | ▼ 5.0% |
| Financial debts43 | €9k | - | €565 | €9k | - | - |
| Credit institutions430/8 | €9k | - | €565 | €9k | - | - |
| Trade debts44 | €21k | €17k | €14k | €5k | €14k | ▲ 190% |
| Suppliers440/4 | €21k | €17k | €14k | €5k | €14k | ▲ 190% |
| Advances received on contracts in progress46 | €950 | €1k | €3k | €3k | €158 | ▼ 95.1% |
| Taxes, remuneration and social security45 | €277 | €2k | €6k | - | €2k | - |
| Taxes450/3 | €277 | €2k | €6k | - | - | - |
| Remuneration and social security454/9 | - | - | - | - | €2k | - |
| Other amounts payable47/48 | - | - | - | €11k | €10k | ▼ 11.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €3k | €-50k | €-14k | €-4k | ▲ 69.2% |
| + Depreciation and write-downs630 | €11k | €12k | €646 | €485 | - | - |
| Operating cash flow (approximation) | €31k | €15k | €-49k | €-13k | €-4k | ▲ 68.1% |
| Investment in fixed assets (approximation) | - | €-1k | €25k | €0 | €0 | - |
| Change in cash | - | €12k | €-27k | €-4k | €-7k | ▼ 75.8% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 1 day late
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 12 days late
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 2 days late
2020
31-12
Financial
Back to profitnet €21k
Net result €21k after 2 loss-making years.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 6 days late
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 9 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Brecht · 1 establishment unit since 2012
Ground area
1.2 ha
Building footprint
543 m²
Parcel 11333D0820/00A000, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CBO ELEKTRO BVBA
since 20122.205.913.127
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11333D0820/00A000 | Flanders | 1.2 ha | 1 · 543 m² | - |
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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,470 EUR awarded · 1,470 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,470 EUR | 1,470 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 6,680 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
Founded07-03-2003
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
46431Wholesale of electrical household appliances and audio-video equipment
46474Wholesale trade
47120Other non-specialised retail sale
47400Retail sale of information and communication equipment
47540Retail sale of electrical household appliances
Scores and ratios are computed by Checked and are not a credit decision.