CM ELEC
ActiveSummary
CM ELEC has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €116k and a net result of €25k. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 74% of 3550 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability85▲+4
Solvency85▼-7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 2.15 against 2.24 in 2023; short-term debt: 39.5% and cash: 64.9% of total assets), and 39.5% 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 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
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 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
2 d late
2022
34 d early
2021
23 d early
2020
3 d early
2019
27 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€25k▲ 32.4%
2023 · €19k
2018: €27k
2019: €27k▼ -0.5% vs 2018
2020: €23k▼ -14.6% vs 2019
2021: €10k▼ -55.6% vs 2020lowest in 7 years
2022: €28k▲ +182% vs 2021highest in 7 years
2023: €19k▼ -32.9% vs 2022
2024: €25k▲ +32.4% vs 2023
2018 → 2024
Working capital
€88k▲ 10.1%
2023 · €80k
2018: €37klowest in 7 years
2019: €71k▲ +90.4% vs 2018
2020: €87k▲ +23.6% vs 2019
2021: €77k▼ -12.0% vs 2020
2022: €108k▲ +40.1% vs 2021highest in 7 years
2023: €80k▼ -26.0% vs 2022
2024: €88k▲ +10.1% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€104k-€108k▲ 4.0%€136k▲ 26.4%€130k▼ 4.3%€116k▼ 10.7%
2020: €104klowest in 5 years
2021: €108k▲ +4.0% vs 2020
2022: €136k▲ +26.4% vs 2021highest in 5 years
2023: €130k▼ -4.3% vs 2022
2024: €116k▼ -10.7% vs 2023
Operating result€29k-€15k▼ 49.4%€34k▲ 128%€28k▼ 18.0%€36k▲ 28.4%
2020: €29k
2021: €15k▼ -49.4% vs 2020lowest in 5 years
2022: €34k▲ +128% vs 2021
2023: €28k▼ -18.0% vs 2022
2024: €36k▲ +28.4% vs 2023highest in 5 years
Net result€23k-€10k▼ 55.6%€28k▲ 182%€19k▼ 32.9%€25k▲ 32.4%
2020: €23k
2021: €10k▼ -55.6% vs 2020lowest in 5 years
2022: €28k▲ +182% vs 2021highest in 5 years
2023: €19k▼ -32.9% vs 2022
2024: €25k▲ +32.4% vs 2023
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 28% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €192k
Fixed assets
€29k ▼ 43.6%
Current assets
€164k ▲ 13.7%
Equity and liabilities €192k
Equity
€116k ▼ 10.7%
Debt
€76k ▲ 18.1%
Debt's share of the balance-sheet total rises from 33.1% to 39.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€48k▲
2023 · €40k
Cash flow
€37k▲
2023 · €31k
Current ratio
2.15▼
2023 · 2.24
Quick ratio
2.09▼
2023 · 2.16
Debt to equity
0.65▲
2023 · 0.49
ROE
21.7%▲
2023 · 14.7%
ROA
13.1%▲
2023 · 9.8%
Interest coverage
190.38▲
2023 · 95.93
Debt ≤ 1 year
€76k▲
2023 · €64k
Income taxes
€11k▲
2023 · €9k
Staff costs
€35k▲
2023 · €26k
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 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€195k€192k▼
Fixed assets21/28€51k€29k▼
Intangible fixed assets21€23k€17k▼
Tangible fixed assets22/27€12k€6k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€10k€5k▼
Financial fixed assets28€15k€5k▼
Current assets29/58€144k€164k▲
Stocks and contracts in progress3€5k€5k▼
Stocks30/36€5k€5k▼
Amounts receivable within one year40/41€12k€34k▲
Trade receivables40€11k€28k▲
Other amounts receivable41€1k€7k▲
Cash at bank and in hand54/58€127k€125k▼
Deferred charges and accrued income490/1€16-
Equity and liabilities
Total equity and liabilities10/49€195k€192k▼
Equity10/15€130k€116k▼
Contributions10/11€8k€8k=
Reserves13€78k€78k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€76k€76k=
Profit (loss) carried forward14€44k€30k▼
Amounts payable17/49€64k€76k▲
Amounts payable within one year42/48€64k€76k▲
Current portion of amounts payable after more than one year42€4k-
Trade debts44€7k€8k▲
Suppliers440/4€7k€8k▲
Advances received on contracts in progress46€2k-
Taxes, remuneration and social security45€6k€10k▲
Taxes450/3€1k€884▼
Remuneration and social security454/9€5k€9k▲
Other amounts payable47/48€45k€58k▲
Income statement
Code20232024
Remuneration, social security and pensions62€26k€35k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▼
Other operating charges640/8€2k€655▼
Gross operating margin9900€68k€83k▲
Operating profit (loss)9901€28k€36k▲
Financial income75/76B€479€1k▲
Recurring financial income75€479€1k▲
Financial charges65/66B€418€251▼
Recurring financial charges65€418€251▼
Profit (loss) for the period before taxes9903€28k€36k▲
Income taxes67/77€9k€11k▲
Profit (loss) for the period9904€19k€25k▲
Profit (loss) for the period to be appropriated9905€19k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€63k€70k▲
Profit (loss) brought forward from the previous period14P€44k€44k▲
Transfer from equity791/2€25k€25k=
Transfer to equity691/2€19k€25k▲
To other reserves6921€19k€25k▲
Profit to be distributed694/7€25k€39k▲
Return on contributions (dividend)694€25k€39k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €271 | - | €26k | €35k | ▲ 35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €7k | €12k | €12k | ▼ 1.1% |
| Other operating charges640/8 | - | €1k | €511 | €2k | €655 | ▼ 61.2% |
| Gross operating margin9900 | €48k | €24k | €42k | €68k | €83k | ▲ 23.5% |
| Operating profit (loss)9901 | €29k | €15k | €34k | €28k | €36k | ▲ 28.4% |
| Financial income75/76B | - | €24 | €92 | €479 | €1k | ▲ 112% |
| Recurring financial income75 | €2 | €24 | €92 | €479 | €1k | ▲ 112% |
| Financial charges65/66B | - | €916 | €311 | €418 | €251 | ▼ 39.8% |
| Recurring financial charges65 | €338 | €916 | €311 | €418 | €251 | ▼ 39.8% |
| Profit (loss) for the period before taxes9903 | €29k | €14k | €34k | €28k | €36k | ▲ 30.9% |
| Income taxes67/77 | €6k | €4k | €5k | €9k | €11k | ▲ 27.6% |
| Profit (loss) for the period9904 | €23k | €10k | €28k | €19k | €25k | ▲ 32.4% |
| Profit (loss) for the period to be appropriated9905 | €23k | €10k | €28k | €19k | €25k | ▲ 32.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €190k | €159k | €204k | €195k | €192k | ▼ 1.2% |
| Fixed assets21/28 | €27k | €38k | €32k | €51k | €29k | ▼ 43.6% |
| Intangible fixed assets21 | - | - | - | €23k | €17k | ▼ 25.0% |
| Tangible fixed assets22/27 | €27k | €23k | €17k | €12k | €6k | ▼ 51.6% |
| Plant, machinery and equipment23 | - | €1k | €1k | €2k | €1k | ▼ 47.1% |
| Furniture and vehicles24 | - | €22k | €15k | €10k | €5k | ▼ 52.6% |
| Financial fixed assets28 | €50 | €15k | €15k | €15k | €5k | ▼ 65.5% |
| Current assets29/58 | €162k | €120k | €172k | €144k | €164k | ▲ 13.7% |
| Stocks and contracts in progress3 | €8k | €6k | €6k | €5k | €5k | ▼ 6.0% |
| Stocks30/36 | - | €6k | €6k | €5k | €5k | ▼ 6.0% |
| Amounts receivable within one year40/41 | €67k | €33k | €43k | €12k | €34k | ▲ 183% |
| Trade receivables40 | - | €9k | €27k | €11k | €28k | ▲ 155% |
| Other amounts receivable41 | - | €25k | €16k | €1k | €7k | ▲ 426% |
| Cash at bank and in hand54/58 | €87k | €76k | €122k | €127k | €125k | ▼ 1.6% |
| Deferred charges and accrued income490/1 | - | €4k | €16 | €16 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €190k | €159k | €204k | €195k | €192k | ▼ 1.2% |
| Equity10/15 | €104k | €108k | €136k | €130k | €116k | ▼ 10.7% |
| Contributions10/11 | - | €8k | €8k | €8k | €8k | = |
| Reserves13 | €74k | €84k | €84k | €78k | €78k | = |
| Non-distributable reserves130/1 | - | €84k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Other1319 | - | €82k | - | - | - | - |
| Distributable reserves133 | - | - | €82k | €76k | €76k | = |
| Profit (loss) carried forward14 | €22k | €16k | €44k | €44k | €30k | ▼ 31.6% |
| Amounts payable17/49 | €86k | €51k | €68k | €64k | €76k | ▲ 18.1% |
| Amounts payable after more than one year17 | €11k | €7k | €4k | - | - | - |
| Financial debts170/4 | - | €7k | €4k | - | - | - |
| Amounts payable within one year42/48 | €75k | €44k | €64k | €64k | €76k | ▲ 18.1% |
| Current portion of amounts payable after more than one year42 | - | €4k | €4k | €4k | - | - |
| Trade debts44 | €42k | €19k | €32k | €7k | €8k | ▲ 8.2% |
| Suppliers440/4 | - | €19k | €32k | €7k | €8k | ▲ 8.2% |
| Advances received on contracts in progress46 | - | €1k | €9k | €2k | - | - |
| Taxes, remuneration and social security45 | - | €3k | €12k | €6k | €10k | ▲ 62.9% |
| Taxes450/3 | - | - | €42 | €1k | €884 | ▼ 19.8% |
| Remuneration and social security454/9 | - | €3k | €12k | €5k | €9k | ▲ 81.8% |
| Other amounts payable47/48 | - | €16k | €7k | €45k | €58k | ▲ 29.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €10k | €28k | €19k | €25k | ▲ 32.4% |
| + Depreciation and write-downs630 | €8k | €8k | €7k | €12k | €12k | ▼ 1.1% |
| Operating cash flow (approximation) | €31k | €18k | €36k | €31k | €37k | ▲ 19.3% |
| Investment in fixed assets (approximation) | - | €-18k | €-1k | €-31k | €10k | ▲ 132% |
| Change in cash | - | €-11k | €46k | €5k | €-2k | ▼ 145% |
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
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 2 days late
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €28k ▲182%
Net result €28k, the highest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €10k ▼55.6%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €100kEq €104k ▲28.1%
3 profitable years in a row build equity to €104k.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 23 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days 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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2001
Ground area
402 m²
Building footprint
74 m²
Parcel 25083D0363/00B002, Wallonia. Linked by address, not a title deed.
1 establishment unit
CM ELEC
since 20012.096.909.178
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25083D0363/00B002 | Wallonia | 402 m² | 1 · 74 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.
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,764 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
Founded12-01-2001
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.