Checked.be
Active
BE 0823.307.096Private limited company
CELECTRICS
Oordegemsesteenweg 125 ·9230 Wetteren, Belgium· 16 yrs active
Sector: General electrical installation work
(43211)
Conclusion
CELECTRICS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52k and a net result of €-4k. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 51% of 26547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €52k |
| Net result | €-4k |
| Staff (FTE) | 1.7 |
| Better than sector | 51% |
Financial profile
61
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
63
Profitability
0
Solvency
90
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2010, 16 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
63
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€4k
estimate, not credit advice
Score history
78
2021
93
2022
86
2023
86
2024
63
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.88 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.48 (≥ 1.0)
+5
Leverage
Debt/equity 1.09 (< 2.0)
+3
Profitability
Negatieve ROE -7%
-10
Interest coverage
Interest coverage 6.1× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Net result: declining trend of ~73.3%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 47.8% | 47.4% | |
| Net result | €-4k | €10k | |
| Equity | €52k | €60k | |
| Gross operating margin | €24k | €39k | |
| Staff costs | €9k | €40k |
€12k
-53.9%
21-25
€-4k
-
21-25
€10k
-50.5%
21-25
€108k
-18.2%
21-25
€52k
-6.7%
21-25
€33k
-9.6%
21-25
2
-34.6%
21-25
€9k
-22.4%
21-25
€0
-100.0%
21-25
€56k
-26.5%
21-25
€38k
-21.9%
21-25
€19k
-34.4%
21-25
1.88
+6.8%
21-25
1.48
+1.2%
21-25
47.8%
+14.0%
21-25
1.09
-21.2%
21-25
-7.2%
-
21-25
-3.4%
-
21-25
6.12
-38.7%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €12k | €26k | €17k | €30k | €34k |
| Net profit | €-4k | €7k | €9k | €17k | €25k |
| Cash flow | €10k | €20k | €15k | €28k | €34k |
| Staff costs | €9k | €11k | €13k | €6k | €2k |
| Income taxes | €0 | €3k | €2k | €2k | - |
| Dividends | - | - | - | - | - |
| Total assets | €108k | €132k | €107k | €65k | €81k |
| Equity | €52k | €55k | €48k | €39k | €22k |
| Debt | €56k | €77k | €59k | €26k | €59k |
| of which ≤ 1y | €38k | €48k | €10k | €19k | €44k |
| of which > 1y | €19k | €28k | €49k | €8k | €15k |
| Working capital | €33k | €37k | €40k | €20k | €12k |
| Employees (FTE) | 1.7 | 2.6 | 2.7 | 1.4 | 1.2 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.88 | 1.76 | 4.85 | 2.08 | 1.27 |
| Quick ratio | 1.48 | 1.47 | 3.54 | 1.67 | 1.15 |
| Working capital ratio | 30.8% | 27.9% | 37.5% | 31.0% | 14.7% |
| Solvency | 47.8% | 42.0% | 44.8% | 59.5% | 27.3% |
| Debt / equity | 1.09 | 1.38 | 1.23 | 0.68 | 2.66 |
| Long-term debt ratio | 0.36 | 0.51 | 1.02 | 0.20 | 0.68 |
| Interest coverage | 6.12 | 9.99 | 28.17 | 53.11 | 51.25 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -3.4% | 5.6% | 8.8% | 25.6% | 30.7% |
| ROE | -7.2% | 13.3% | 19.7% | 43.0% | 112.4% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €108k | €132k | €107k | €65k | €81k |
| Fixed assets | 21/28 | €37k | €47k | €57k | €26k | €25k |
| Tangible fixed assets | 22/27 | €37k | €47k | €57k | €26k | €25k |
| Current assets | 29/58 | €71k | €85k | €51k | €39k | €55k |
| Stocks & contracts in progress | 3 | €15k | €14k | €14k | €8k | €6k |
| Amounts receivable within one year | 40/41 | €55k | €64k | €35k | €15k | €37k |
| Cash & bank | 54/58 | €91 | €5k | €2k | €15k | €12k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €108k | €132k | €107k | €65k | €81k |
| Equity | 10/15 | €52k | €55k | €48k | €39k | €22k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | €6k |
| Reserves | 13 | €35k | €35k | €28k | €18k | €2k |
| Accumulated profits (losses) | 14 | €10k | €14k | €14k | €14k | €14k |
| Amounts payable | 17/49 | €56k | €77k | €59k | €26k | €59k |
| Amounts payable after one year | 17 | €19k | €28k | €49k | €8k | €15k |
| Amounts payable within one year | 42/48 | €38k | €48k | €10k | €19k | €44k |
| Trade debts payable within one year | 44 | €16k | €31k | €196 | €6k | €11k |
| Income statement | ||||||
| Gross operating margin | 9900 | €24k | €38k | €35k | €37k | €37k |
| Operating result | 9901 | €-2k | €13k | €12k | €19k | €25k |
| Financial income | 75 | €60 | €93 | €0 | €15 | €3 |
| Financial charges | 65 | €2k | €3k | €614 | €561 | €671 |
| Result before taxes | 9903 | €-4k | €10k | €11k | €18k | €25k |
| Income taxes | 67/77 | €0 | €3k | €2k | €2k | - |
| Net result for the period | 9904 | €-4k | €7k | €9k | €17k | €25k |
| Result to be appropriated | 9905 | €-4k | €7k | €9k | €17k | €25k |
Legal Structure
| NACE primary | General electrical installation work(43211) |
| Legal form | Private limited company(610) |
| Incorporation | 22-02-2010 |
| Status | Active |
| Postal code | 9230 |
Establishment units
CELECTRICS
since 20102.185.564.210
L'Escale
since 20172.300.646.889
Real-estate footprint
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83008B0003/00D000 | Wallonia | 349 m² | 1 · 70 m² | - |
| 42303F0384/00B004 | Flanders | 305 m² | 1 · 106 m² | 10.2 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-4k ▼150%
Net result drops to €-4k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 4.85
Current ratio from 2.08 to 4.85; short-term debt falls from €19k to €10k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
General electrical installation work43211Cafés and bars56301
Names & trade names
| Legal nameNL | CELECTRICS |
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