Equity
€120,978 ▲ 4.0%
CM ELEC paid out €22,000 in dividends. That is 83% of the 2025 profit.
CM ELEC
Lifetime
20 annual accounts with figures on one time axis, 25 filings since 2001peak €86,619 (2025)
€86,619▲ 3.8%
lowest -€9,493 (2009)
€26,662▲ 5.5%
peak €136,220 (2022)
€120,978▲ 4.0%
€73,874▼ 2.9%
peak 1 FTE (2009)
-not published
Board3 names since 2018
2 directorsMILLET François Philippe Gérard Charles Marie and 1 other
Documentsfilings and deeds
22-06-202639 days before the deadline
2025abbreviated format
Dividend €22,000
Key points
from the 2025 annual accountsChecked score
96
Excellent
Financially stronger than 66% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025lowest value
07-2025: < 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%● unchanged vs 07-2025highest value
09-2025: < 0.1%● unchanged vs 08-2025highest value
10-2025: < 0.1%● unchanged vs 09-2025highest value
11-2025: < 0.1%● unchanged vs 10-2025highest value
12-2025: < 0.1%● unchanged vs 11-2025highest value
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 2.47, cash €160,185
Equity €120,978 (62.1% of total assets)
Founded in 2001
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 68% of them on solvency, 80% on liquidity, 70% on profitability and 45% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as CM ELEC has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CM ELEC itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for CM ELEC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €11,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.47 (2.15 in 2024), above the usual 1.5. Short-term debt is 37.9% and cash 82.2% of total assets. 37.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 days early
2024
42 days early
2023
2 days late
2022
34 days early
2021
23 days early
2020
3 days early
2019
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0473801250
Merger: CM ELEC takes over COMIGEST
Reappointments: MILLET Jean Marcel José Charles Marie (director) and MILLET François Philippe Gérard Charles Marie (director) · “L'activité d'installateur électricien, et notamment:; Contribuer à l'établissement et au développement…” (deed in French) · 1,860 shares · General meeting of 08-09-2023 · Gazette deed
Resignation: MILLET Charles (manager)
General meeting of 07-12-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CM ELEC Ottignies-Louvain-la-Neuve | €194,852 | €86,619 | 62.1% | - |
| Ghost Protect Security & Terrassement Incourt | €184,596 | €81,910 | 51.3% | - |
| ATB ELECTROTECHNIEK Hamont-Achel | €192,480 | €79,200 | 76.7% | - |
| Theunis Electro Oud-Turnhout | €195,697 | €79,655 | 54.0% | - |
| VOLONT PATRICK Hannut | €205,278 | €79,510 | 17.9% | - |
| BREECK Aalter | €189,085 | €98,576 | 76.8% | - |
| SARDELEC Manage | €191,026 | €73,739 | 73.0% | - |
These companies have the same main activity as CM ELEC: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €185,000 and €205,000, founded between 2000 and 2001.
Official details
Source: KBO- Status
- Active since 12-01-2001Normal situation
- Activity
- General electrical installation workNACE 43211and 1 other
- Establishment unit
- 2.096.909.1781340 Ottignies-Louvain-la-Neuve, since 02-02-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2025
Annual accounts 2025
- €194,852▲ 1.3%
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on CM ELEC
CM ELEC files the abbreviated format. That format states no turnover. The gross margin rose from €5,011 in 2006 to €86,619 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CM ELEC
- What is the company number of CM ELEC?
- The company number of CM ELEC is 0473.801.250. The VAT number is the same number with BE in front: BE 0473.801.250.
- Where is CM ELEC based?
- The registered office is at Rue de l'Invasion 8, 1340 Ottignies-Louvain-la-Neuve.Company details
- What does CM ELEC do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of CM ELEC?
- CM ELEC is a private limited company (BV).
- When was CM ELEC founded?
- CM ELEC was founded on 12-01-2001.
- Is CM ELEC still active?
- Yes, CM ELEC is an active enterprise in the KBO register.
- What is the turnover of CM ELEC?
- The turnover in financial year 2025 is ≈ €320,000. This figure is estimated from the gross margin of €86,619 and 52 comparable companies (NACE 43211). It probably lies between €210,000 and €480,000.Financials
- Is CM ELEC profitable?
- In financial year 2025, CM ELEC made a profit of €26,662.
- Where can I find the annual accounts of CM ELEC?
- CM ELEC filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CM ELEC due?
- CM ELEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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