CG Elec

Active

Private limited companyfounded 20215 yrs activeRue Gendebien 20, 6040 Charleroi, BelgiumKBO/BCE: BE 0766.823.305

The computed 12-month bankruptcy probability of CG Elec is 3.0% (moderate). The 2024 annual accounts show equity of €8k and a net result of €5k. Equity is shrinking by ~21.2% per year across the filed fiscal years. Its solvency ranks better than 48% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

62 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+100

Solvency70▲+33

Growth32=

Track record94

Bankruptcy probability, 12 months

3.0% Moderate

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

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 2024

Solvency, return and age of the figures

Solvency

45.1%

Return on assets

27.8%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 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 · 4 filings

Deviation from the deadline

2025

not confirmed

2024

25 d late

2023

56 d early

2022

69 d early

2021

9 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€8k▲ 162%

2023 · €3k

2021: €12k 2022: €14k 2023: €3k

2021 → 2024

Total assets

€18k▼ 33.2%

2023 · €26k

2021: €19k 2022: €25k 2023: €26k

2021 → 2024

Net result

€5k

2023 · €-11k

2021: €8k 2022: €1k 2023: €-11k

2021 → 2024

Working capital

€1k

2023 · €-9k

2021: €10k 2022: €5k 2023: €-9k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€12k-€14k▲ 11.9%€3k▼ 77.8%€8k▲ 162%

Operating result€10k-€2k▼ 79.8%€-10k€6k

Net result€8k-€1k▼ 82.2%€-11k€5k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €6k after a loss of €10k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €18k

39.0%

61.0%

Fixed assets €7k▼ 44.0%

Current assets €11k▼ 23.7%

Equity and liabilities €18k

45.1%

54.9%

Equity €8k▲ 162%

Debt €10k▼ 58.5%

The debt ratio falls from 88.5% to 54.9%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€8k▲

2023 · €-7k

Cash flow

€8k▲

2023 · €-8k

Solvency

45.1%▲

2023 · 11.5%

Current ratio

1.11▲

2023 · 0.61

Quick ratio

0.58▲

2023 · 0.42

Debt / equity

1.22▼

2023 · 7.68

ROE

61.8%▲

2023 · -349.8%

ROA

27.8%▲

2023 · -40.3%

Interest coverage

13.29▲

2023 · -11.40

Debt

€10k▼

2023 · €23k

Debt ≤ 1 year

€10k▼

2023 · €23k

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€26k€18k▼

Fixed assets21/28€12k€7k▼

Intangible fixed assets21€475€275▼

Tangible fixed assets22/27€12k€7k▼

Plant, machinery and equipment23€8k€4k▼

Furniture and vehicles24€4k€3k▼

Current assets29/58€14k€11k▼

Stocks and contracts in progress3€4k€5k▲

Stocks30/36€4k€5k▲

Amounts receivable within one year40/41€9k€3k▼

Trade receivables40€3k-

Other amounts receivable41€5k€3k▼

Cash at bank and in hand54/58€1k€2k▲

Deferred charges and accrued income490/1€138€107▼

Equity and liabilities

Total equity and liabilities10/49€26k€18k▼

Equity10/15€3k€8k▲

Contributions10/11€4k€4k=

Profit (loss) carried forward14€-981€4k▲

Amounts payable17/49€23k€10k▼

Amounts payable within one year42/48€23k€10k▼

Trade debts44€22k€7k▼

Suppliers440/4€22k€7k▼

Advances received on contracts in progress46-€3k

Taxes, remuneration and social security45€534€156▼

Taxes450/3€274€156▼

Remuneration and social security454/9€260-

Other amounts payable47/48€555-

Accrued charges and deferred income492/3€117-

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲

Other operating charges640/8€760€470▼

Non-recurring operating charges66A€14€4k▲

Gross operating margin9900€-6k€13k▲

Operating profit (loss)9901€-10k€6k▲

Financial income75/76B€20€0▼

Recurring financial income75€20€0▼

Financial charges65/66B€636€630▼

Recurring financial charges65€636€630▼

Profit (loss) for the period before taxes9903€-11k€5k▲

Income taxes67/77€-87-

Profit (loss) for the period9904€-11k€5k▲

Profit (loss) for the period to be appropriated9905€-11k€5k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-981€4k▲

Profit (loss) brought forward from the previous period14P€10k€-981▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2025

25-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 25 days late

2024

31-12

Financial Back to profitnet €5k

Net result €5k after one loss-making year.

05-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €-11k ▼831%

Net result drops to €-11k, the lowest in the series; recovery starts the following year.

23-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

09-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 9 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Charleroi · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Rue Gendebien 206040 Charleroi

Ground area

251 m²

Building footprint

83 m²

Volume, LiDAR

472 m³

Parcel 52363D0985/00S002, Wallonia · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

CG Elec

Rue Gendebien 20, 6040 CharleroiManufacture of metal structures and parts of structures

since 20212.316.380.289

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
52363D0985/00S002	Wallonia	251 m²	1 · 83 m²	10.9 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.

Similar companies · same sector, comparable size

Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 4,857 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded16-04-2021

Fiscal year end31-12

Activities, NACEBEL

43211General electrical installation work

33140Repair and maintenance of electrical equipment

43120Site preparation

43212Electrical installation work in industrial facilities

81300Landscape service activities

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

2 entries

Website:www.cgelec.be

Enterprise

E-mail:info@cgelec.be

Enterprise