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CONCEPT-ELEC

Active
Private limited companyfounded 20233 yrs activeRue Guillaume Maréchal 2, 4453 Juprelle, BelgiumKBO/BCE: BE 0804.998.644
Summary

The computed 12-month bankruptcy probability of CONCEPT-ELEC is 3.2% (moderate). The 2024 annual accounts show equity of €46,260 and a net result of €44,760. Its solvency ranks better than 48% of 36386 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability100
Solvency70
Growth-
Track record79
Bankruptcy probability, 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 1.7; short-term debt: 45.5% and cash: 41.5% of total assets), but 55.3% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · 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
highest failure risk from 2 to 8 years 3 years 0 10 y
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 →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 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 · 1 filing
Deviation from the deadline
2024
21 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 21 days after 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 (1)
neutral · 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

History

On 22 August 2023, CONCEPT-ELEC was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€46,260
Total assets
€103,536
Net result
€44,760
Working capital
€32,876

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

Balance-sheet composition
Assets €103,536
Fixed assets €23,564
Current assets €79,971
Equity and liabilities €103,536
Equity €46,260
Debt €57,275
Debt finances 55.3% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€74,396
Cash flow
€51,003
Current ratio
1.70
Debt to equity
1.24
ROE
96.8%
ROA
43.2%
Interest coverage
6.79
Debt ≤ 1 year
€47,095
Debt > 1 year
€10,180
Income taxes
€12,938
Staff costs
€9,602

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 39,276 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
Filed annual accounts As filed with the NBB · 2024 · 40 lines
Balance sheet Code2024
Assets
Total assets20/58€103,536
Fixed assets21/28€23,564
Tangible fixed assets22/27€23,564
Plant, machinery and equipment23€4,499
Furniture and vehicles24€19,065
Current assets29/58€79,971
Amounts receivable within one year40/41€33,855
Trade receivables40€16,646
Other amounts receivable41€17,208
Cash at bank and in hand54/58€42,997
Deferred charges and accrued income490/1€3,120
Equity and liabilities
Total equity and liabilities10/49€103,536
Equity10/15€46,260
Contributions10/11€1,500
Profit (loss) carried forward14€44,760
Amounts payable17/49€57,275
Amounts payable after more than one year17€10,180
Financial debts170/4€10,180
Amounts payable within one year42/48€47,095
Current portion of amounts payable after more than one year42€20,144
Trade debts44€24,151
Suppliers440/4€24,151
Taxes, remuneration and social security45€2,800
Remuneration and social security454/9€2,800
Income statement Code2024
Remuneration, social security and pensions62€9,602
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,242
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3,577
Other operating charges640/8€1,668
Non-recurring operating charges66A€3,646
Gross operating margin9900€92,889
Operating profit (loss)9901€68,154
Financial income75/76B€504
Recurring financial income75€504
Financial charges65/66B€10,960
Recurring financial charges65€10,960
Profit (loss) for the period before taxes9903€57,698
Income taxes67/77€12,938
Profit (loss) for the period9904€44,760
Profit (loss) for the period to be appropriated9905€44,760
Appropriation of the result
Profit (loss) to be appropriated9906€44,760

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€9,602
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,242
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3,577
Other operating charges640/8€1,668
Non-recurring operating charges66A€3,646
Gross operating margin9900€92,889
Operating profit (loss)9901€68,154
Financial income75/76B€504
Recurring financial income75€504
Financial charges65/66B€10,960
Recurring financial charges65€10,960
Profit (loss) for the period before taxes9903€57,698
Income taxes67/77€12,938
Profit (loss) for the period9904€44,760
Profit (loss) for the period to be appropriated9905€44,760
Line2024
Assets
Total assets20/58€103,536
Fixed assets21/28€23,564
Tangible fixed assets22/27€23,564
Plant, machinery and equipment23€4,499
Furniture and vehicles24€19,065
Current assets29/58€79,971
Amounts receivable within one year40/41€33,855
Trade receivables40€16,646
Other amounts receivable41€17,208
Cash at bank and in hand54/58€42,997
Deferred charges and accrued income490/1€3,120
Equity and liabilities
Total equity and liabilities10/49€103,536
Equity10/15€46,260
Contributions10/11€1,500
Profit (loss) carried forward14€44,760
Amounts payable17/49€57,275
Amounts payable after more than one year17€10,180
Financial debts170/4€10,180
Amounts payable within one year42/48€47,095
Current portion of amounts payable after more than one year42€20,144
Trade debts44€24,151
Suppliers440/4€24,151
Taxes, remuneration and social security45€2,800
Remuneration and social security454/9€2,800
Line2024
Profit (loss) for the period9904€44,760
+ Depreciation and write-downs630€6,242
Operating cash flow (approximation)€51,003

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
21-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
NBB filing
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Juprelle · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
951 m²
Building footprint
252 m²
Volume, LiDAR
1,371 m³
2 parcels, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CONCEPT-ELEC
Rue des Fossettes 16, 4032 LiègeManufacture of electrical equipment
since 20232.348.404.741
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62107A0615/00B000 Wallonia 739 m² 1 · 181 m² 8.2 m · 2 fl.
62023A0051/00X026 Wallonia 212 m² 1 · 72 m² 6.7 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,509 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
Founded22-08-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
46140Agents in the wholesale of industrial machinery, ships and aircraft
E-invoicing
Reachable via Peppol
Peppol ID 0208:0804998644
Also 9925:BE0804998644
Registered 29-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.