CONCEPT @
ActiveSummary
CONCEPT @ has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €591,799 and a net result of €54,696. Equity is growing by ~20% per year across the filed fiscal years. Its solvency ranks better than 90% of 232 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability80▼-12
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 12.0 against 13.22 in 2025; short-term debt: 6.5% and cash: 43.9% of total assets), and 6.7% of the assets are financed with debt.
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Signals
Three 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
93.3%
Return on assets
8.6%
Age of the figures
7 mo
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2026 was due by 30-09-2026 and was filed on 09-09-2026, 21 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2026
21 d early
2025
9 d late
2024
6 d early
2023
1 d early
2022
1 d early
2020
2 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 28-02-2027 and is due by 30-09-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today28-02-2027 close30-09-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
€591,799▲ 2.4%
2025 · €577,949
Total assets
€634,137▲ 1.0%
2025 · €627,752
Net result
€54,696▼ 53.3%
2025 · €117,220
Working capital
€452,306▲ 6.0%
2025 · €426,514
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€257,133-€237,780▼ 7.5%€68,511▼ 71.2%€165,867▲ 142%€81,711▼ 50.7%
Net result€173,239-€157,306▼ 9.2%€47,846▼ 69.6%€117,220▲ 145%€54,696▼ 53.3%
Equity€249,377-€412,883▲ 65.6%€460,729▲ 11.6%€577,949▲ 25.4%€591,799▲ 2.4%
Total assets€368,939-€639,980▲ 73.5%€495,101▼ 22.6%€627,752▲ 26.8%€634,137▲ 1.0%
Debt€119,562-€227,097▲ 89.9%€34,372▼ 84.9%€49,803▲ 44.9%€42,338▼ 15.0%
Working capital€194,323-€351,036▲ 80.6%€406,551▲ 15.8%€426,514▲ 4.9%€452,306▲ 6.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2024 Net result -70% on 2023. Cause not known from the registers.
- 2023 Equity +66%, Total assets +73% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 51% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €634,137
Fixed assets
€140,704 ▼ 15.4%
Current assets
€493,433 ▲ 6.9%
Equity and liabilities €634,137
Equity
€591,799 ▲ 2.4%
Debt
€42,338 ▼ 15.0%
Debt's share of the balance-sheet total falls from 7.9% to 6.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€113,878▼
2025 · €192,697
Cash flow
€86,863▼
2025 · €144,050
Current ratio
12.00▼
2025 · 13.22
Debt to equity
0.07▼
2025 · 0.09
ROE
9.2%▼
2025 · 20.3%
ROA
8.6%▼
2025 · 18.7%
Interest coverage
52.84▼
2025 · 120.14
Debt ≤ 1 year
€41,127▲
2025 · €34,895
Income taxes
€24,860▼
2025 · €47,043
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,792 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €25,531 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €29,100 | €9,277 | €437 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,023 | €7,585 | €7,680 | €26,830 | €32,168 | ▲ 19.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €561 | €0 | - | - | - | - |
| Other operating charges640/8 | €2,152 | €1,996 | €2,087 | €1,508 | €1,989 | ▲ 31.9% |
| Gross operating margin9900 | €290,969 | €256,638 | €78,716 | €194,205 | €115,867 | ▼ 40.3% |
| Operating profit (loss)9901 | €257,133 | €237,780 | €68,511 | €165,867 | €81,711 | ▼ 50.7% |
| Financial income75/76B | €29 | €0 | - | - | €1 | - |
| Recurring financial income75 | €29 | €0 | - | - | €1 | - |
| Financial charges65/66B | €3,046 | €5,209 | €1,438 | €1,604 | €2,155 | ▲ 34.4% |
| Recurring financial charges65 | €3,046 | €5,209 | €1,438 | €1,604 | €2,155 | ▲ 34.4% |
| Profit (loss) for the period before taxes9903 | €254,116 | €232,571 | €67,073 | €164,263 | €79,556 | ▼ 51.6% |
| Income taxes67/77 | €80,877 | €75,266 | €19,227 | €47,043 | €24,860 | ▼ 47.2% |
| Profit (loss) for the period9904 | €173,239 | €157,306 | €47,846 | €117,220 | €54,696 | ▼ 53.3% |
| Profit (loss) for the period to be appropriated9905 | €173,239 | €157,306 | €47,846 | €117,220 | €54,696 | ▼ 53.3% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €368,939 | €639,980 | €495,101 | €627,752 | €634,137 | ▲ 1.0% |
| Fixed assets21/28 | €55,054 | €63,859 | €56,178 | €166,342 | €140,704 | ▼ 15.4% |
| Tangible fixed assets22/27 | €18,123 | €26,927 | €19,247 | €129,411 | €103,773 | ▼ 19.8% |
| Land and buildings22 | €17,263 | €15,443 | €13,624 | €11,804 | €9,984 | ▼ 15.4% |
| Furniture and vehicles24 | €859 | €11,484 | €5,623 | €117,607 | €93,789 | ▼ 20.3% |
| Financial fixed assets28 | €36,931 | €36,931 | €36,931 | €36,931 | €36,931 | = |
| Current assets29/58 | €313,885 | €576,121 | €438,923 | €461,410 | €493,433 | ▲ 6.9% |
| Amounts receivable after more than one year29 | - | - | - | - | €175,000 | - |
| Trade receivables290 | - | - | - | - | €175,000 | - |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Contracts in progress37 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €19,660 | €19,949 | €46,487 | €62,043 | €36,522 | ▼ 41.1% |
| Trade receivables40 | €19,660 | €19,760 | €37,564 | €59,086 | €25,913 | ▼ 56.1% |
| Other amounts receivable41 | €0 | €189 | €8,923 | €2,957 | €10,609 | ▲ 259% |
| Cash at bank and in hand54/58 | €293,703 | €549,724 | €392,132 | €398,741 | €278,644 | ▼ 30.1% |
| Deferred charges and accrued income490/1 | €522 | €6,449 | €304 | €626 | €3,267 | ▲ 422% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €368,939 | €639,980 | €495,101 | €627,752 | €634,137 | ▲ 1.0% |
| Equity10/15 | €249,377 | €412,883 | €460,729 | €577,949 | €591,799 | ▲ 2.4% |
| Contributions10/11 | €12,400 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €236,977 | €394,283 | €442,129 | €559,349 | €573,199 | ▲ 2.5% |
| Non-distributable reserves130/1 | €1,860 | €10 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €10 | €0 | - | - | - |
| Distributable reserves133 | €235,117 | €394,273 | €442,129 | €559,349 | €573,199 | ▲ 2.5% |
| Profit (loss) carried forward14 | €0 | - | - | - | €0 | - |
| Amounts payable17/49 | €119,562 | €227,097 | €34,372 | €49,803 | €42,338 | ▼ 15.0% |
| Amounts payable within one year42/48 | €119,562 | €225,085 | €32,372 | €34,895 | €41,127 | ▲ 17.9% |
| Trade debts44 | €6,853 | €54,046 | €18,247 | €9,408 | €11,467 | ▲ 21.9% |
| Suppliers440/4 | €6,853 | €54,046 | €18,247 | €9,408 | €11,467 | ▲ 21.9% |
| Taxes, remuneration and social security45 | €91,108 | €163,597 | €3,384 | €11,493 | €10,580 | ▼ 7.9% |
| Taxes450/3 | €86,022 | €162,516 | €3,384 | €9,493 | €10,580 | ▲ 11.5% |
| Remuneration and social security454/9 | €5,086 | €1,081 | €0 | €2,000 | €0 | ▼ 100% |
| Other amounts payable47/48 | €21,601 | €7,442 | €10,742 | €13,994 | €19,079 | ▲ 36.3% |
| Accrued charges and deferred income492/3 | - | €2,012 | €2,000 | €14,908 | €1,211 | ▼ 91.9% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €173,239 | €157,306 | €47,846 | €117,220 | €54,696 | ▼ 53.3% |
| + Depreciation and write-downs630 | €2,023 | €7,585 | €7,680 | €26,830 | €32,168 | ▲ 19.9% |
| Operating cash flow (approximation) | €175,262 | €164,891 | €55,526 | €144,050 | €86,863 | ▼ 39.7% |
| Investment in fixed assets (approximation) | - | -€16,390 | €0 | -€136,994 | -€6,529 | ▲ 95.2% |
| Change in cash | - | €256,021 | -€157,592 | €6,609 | -€120,097 | ▼ 1,917% |
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 2027, expected by
2026
09-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 9 days late
28-02
Financial
Equity above €500,000Eq €577,949 ▲25.4%
4 profitable years in a row build equity to €577,949.
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
29-02
Financial
Liquidity times 5current ratio 13.56
Current ratio from 2.56 to 13.56; short-term debt falls from €225,085 to €32,372.
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
28-02
Financial
Back to profitnet €173,239
Net result €173,239 after one loss-making year.
28-02
Financial
Equity above €200,000Eq €249,377 ▲228%
Equity rises from €76,138 to €249,377.
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet -€13,513
Net result drops to -€13,513, the lowest in the series; recovery starts the following year.
2019
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Maasmechelen · 1 establishment unit since 2016
Ground area
781 m²
Building footprint
175 m²
Volume, LiDAR
755 m³
Parcel 73048E0226/00A002, Flanders · tallest building 7.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CONCEPT @
since 20162.252.812.825
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73048E0226/00A002 | Flanders | 781 m² | 1 · 175 m² | 7.1 m · 1 fl. |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 28-02-2026 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the annual accounts to 28-02-2026 of CONCEPT @ and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 6,056 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
Founded29-04-2016
Fiscal year end28-02
Activities, NACEBEL 2025
43211General electrical installation work
33200Installation of industrial machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0652969554
Also
9925:BE0652969554
Registered
16-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.