CONCEPTION, ECLAIRAGE, AUTOMATISATION
ActiveSummary
CONCEPTION, ECLAIRAGE, AUTOMATISATION has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €698,183 and a net result of €31,283. Equity is growing by about 6.3% per year across the filed financial years. Its solvency ranks better than 93% of 253 sector peers (NACE 27, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €698,183
- Profit
- €31,283
- Largest shareholder
- AREL · 26.88%
- Holdings
- 1
- AREL Mustafa EsatDirector
Why 95raises riskLiquidity: current ratio 6.09, cash €8,780lowers riskFounded in 2004Size: total assets €775,372Equity €698,183 (90.0% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 27, micro): better than 89% on solvency, 51% on liquidity, 56% on profitability and 54% on growth.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average on the deadline day; the sector median (NACE 27) for financial year 2024 is 6 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Liquidity more than quadruplescurrent ratio 6.09
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 91% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 27, Manufacture of electrical equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2025 Net result -91% on 2024. The accounts now follow the micro format, last year the full format.
- 2024 Net result +447% on 2023. Merger absorbing KAAN L'Atelier, Official Gazette 29-09-2023, in the previous financial year; now counts for a full year for the first time.
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 14,766 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €241 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,187 | €27,577 | €30,376 | €32,237 | €31,148 | €37,419 | €35,851 | €44,212 | ▲ 23.3% |
| Other operating charges640/8 | - | - | - | €4,326 | €1,589 | €1,623 | €1,835 | €1,742 | ▼ 5.0% |
| Gross operating margin9900 | €35,222 | €11,248 | €21,871 | €56,937 | €84,765 | €115,377 | €494,879 | €88,038 | ▼ 82.2% |
| Operating profit (loss)9901 | €1,147 | -€53,471 | -€22,180 | €20,373 | €51,786 | €76,335 | €457,193 | €42,083 | ▼ 90.8% |
| Financial income75/76B | - | - | - | €190 | €17,658 | €20,422 | €6,020 | €483 | ▼ 92.0% |
| Recurring financial income75 | €19,671 | €851 | - | €190 | €17,658 | €197 | €6,020 | €483 | ▼ 92.0% |
| Non-recurring financial income76B | - | - | - | - | €17,658 | €20,225 | - | - | - |
| Financial charges65/66B | - | - | - | €4,046 | €5,762 | €6,690 | €4,129 | €1,304 | ▼ 68.4% |
| Recurring financial charges65 | €5,623 | €5,202 | €7,028 | €4,046 | €3,262 | €6,690 | €4,129 | €1,304 | ▼ 68.4% |
| Non-recurring financial charges66B | - | - | - | - | €2,500 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €15,195 | -€57,823 | €243,348 | €16,517 | €63,682 | €90,067 | €459,085 | €41,262 | ▼ 91.0% |
| Income taxes67/77 | €3,524 | €139 | €201 | €274 | - | €26,628 | €112,175 | €9,979 | ▼ 91.1% |
| Profit (loss) for the period9904 | €11,671 | -€57,961 | €243,147 | €16,243 | €63,682 | €63,439 | €346,910 | €31,283 | ▼ 91.0% |
| Profit (loss) for the period to be appropriated9905 | €11,671 | -€57,961 | €243,147 | €16,243 | €63,682 | €63,439 | €346,910 | €31,283 | ▼ 91.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €596,897 | €607,157 | €805,345 | €699,362 | €783,296 | €837,330 | €848,094 | €775,372 | ▼ 8.6% |
| Fixed assets21/28 | €386,916 | €540,886 | €755,827 | €675,920 | €708,536 | €586,725 | €624,000 | €306,713 | ▼ 50.8% |
| Intangible fixed assets21 | - | - | - | - | €70,188 | €54,188 | €38,188 | €22,188 | ▼ 41.9% |
| Tangible fixed assets22/27 | €283,235 | €316,249 | €291,501 | €271,925 | €247,699 | €235,662 | €288,937 | €274,525 | ▼ 5.0% |
| Land and buildings22 | - | - | - | €247,617 | €237,504 | €231,281 | €220,333 | €209,384 | ▼ 5.0% |
| Plant, machinery and equipment23 | - | - | - | €17,520 | €8,760 | €0 | €43,338 | €47,322 | ▲ 9.2% |
| Furniture and vehicles24 | - | - | - | €6,788 | €1,435 | €4,381 | €25,266 | €17,818 | ▼ 29.5% |
| Financial fixed assets28 | €103,681 | €224,637 | €464,326 | €403,995 | €390,649 | €296,875 | €296,875 | €10,000 | ▼ 96.6% |
| Current assets29/58 | €209,981 | €66,270 | €49,518 | €23,442 | €74,761 | €250,605 | €224,094 | €468,659 | ▲ 109% |
| Stocks and contracts in progress3 | - | - | - | - | - | €23,512 | - | - | - |
| Stocks30/36 | - | - | - | - | - | €23,512 | - | - | - |
| Amounts receivable within one year40/41 | €127,433 | €18,656 | €4,873 | €4,449 | €9,680 | €34,568 | €24,323 | €57,687 | ▲ 137% |
| Trade receivables40 | - | - | - | €4,449 | €9,680 | €29,000 | €14,705 | €42,353 | ▲ 188% |
| Other amounts receivable41 | - | - | - | - | - | €5,568 | €9,618 | €15,334 | ▲ 59.4% |
| Current investments50/53 | €80,052 | €47,000 | €18,000 | €6,048 | €50,848 | €175,000 | €194,486 | €402,192 | ▲ 107% |
| Cash at bank and in hand54/58 | €2,496 | €241 | €26,018 | €12,171 | €14,233 | €17,525 | €4,028 | €8,780 | ▲ 118% |
| Deferred charges and accrued income490/1 | - | - | - | €774 | - | - | €1,258 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €596,897 | €607,157 | €805,345 | €699,362 | €783,296 | €837,330 | €848,094 | €775,372 | ▼ 8.6% |
| Equity10/15 | €371,439 | €313,478 | €556,625 | €572,869 | €636,551 | €399,990 | €666,900 | €698,183 | ▲ 4.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €350,979 | €293,018 | €536,165 | €552,409 | €616,091 | €379,530 | €646,440 | €677,723 | ▲ 4.8% |
| Amounts payable17/49 | €225,457 | €293,679 | €248,720 | €126,493 | €146,746 | €437,340 | €181,194 | €77,188 | ▼ 57.4% |
| Amounts payable after more than one year17 | €108,995 | €235,316 | €221,050 | €91,010 | €63,157 | €46,975 | €30,100 | - | - |
| Financial debts170/4 | - | - | - | €66,173 | €50,657 | €34,475 | €17,600 | - | - |
| Other amounts payable178/9 | - | - | - | €24,837 | €12,500 | €12,500 | €12,500 | - | - |
| Amounts payable within one year42/48 | €116,462 | €58,363 | €27,669 | €35,484 | €83,589 | €390,365 | €150,898 | €77,014 | ▼ 49.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14,878 | €15,516 | €16,182 | €16,876 | €17,600 | ▲ 4.3% |
| Trade debts44 | €15,913 | €2,196 | €1,436 | €4,032 | €58,094 | €16,642 | €208 | €11,847 | ▲ 57× |
| Suppliers440/4 | - | - | - | €4,032 | €58,094 | €16,642 | €208 | €11,847 | ▲ 57× |
| Taxes, remuneration and social security45 | - | - | - | €7,605 | €5,238 | €91,541 | €19,646 | €5,783 | ▼ 70.6% |
| Taxes450/3 | - | - | - | €7,605 | €5,238 | €91,541 | €19,646 | €5,783 | ▼ 70.6% |
| Other amounts payable47/48 | - | - | - | €8,969 | €4,742 | €266,000 | €114,168 | €41,785 | ▼ 63.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €197 | €174 | ▼ 11.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,671 | -€57,961 | €243,147 | €16,243 | €63,682 | €63,439 | €346,910 | €31,283 | ▼ 91.0% |
| + Depreciation and write-downs630 | €16,187 | €27,577 | €30,376 | €32,237 | €31,148 | €37,419 | €35,851 | €44,212 | ▲ 23.3% |
| Operating cash flow (approximation) | €27,858 | -€30,385 | €273,523 | €48,480 | €94,831 | €100,858 | €382,761 | €75,495 | ▼ 80.3% |
| Investment in fixed assets (approximation) | - | -€181,547 | -€245,317 | €47,670 | -€63,764 | €84,392 | -€73,126 | €273,075 | - |
| Change in cash | - | -€2,256 | €25,778 | -€13,847 | €2,062 | €3,292 | -€13,497 | €4,753 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 24-06-2026 | 2026-00199873 |
| 31-12-2024 | full format | 11-08-2025 | 2025-00376861 |
| 31-12-2023 | full format | 24-08-2024 | 2024-00367874 |
| 31-12-2022 | micro format | 06-05-2023 | 2023-00081956 |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20336117 |
| 31-12-2020 | micro format | 30-08-2021 | 2021-55700322 |
| 31-12-2019 | micro format | 30-08-2020 | 2020-47700012 |
| 31-12-2018 | micro format | 19-08-2019 | 2019-46900306 |
| 31-12-2017 | micro format | 30-07-2018 | 2018-40000322 |
| 31-12-2016 | micro format | 03-08-2017 | 2017-40300332 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| AREL Mustafa Esat |
|
Owners and capital
Owners
2 ownersOwners 2
- Mustafa Esat Arelnatural personSourceown accounts 202373.12%
-
26.88%
According to the 2023 annual accounts of CONCEPTION, ECLAIRAGE, AUTOMATISATION and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 29-09-2023 Converted to unavailable equity
- 20-07-2023 Capital stated in the deed · 186 shares
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
- KAAN L'ATELIERsubsidiary100%
According to the 2023 annual accounts of CONCEPTION, ECLAIRAGE, AUTOMATISATION and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
Acquisitions and mergers
1 transactionHistory
Acts, filings and financial milestones
29-09
Gazette deed
Capital & shares · Amendment of the articles · RestructuringReappointment: AREL Mustafa Esat (director) · Permanent representative: AREL Mustafa Esat · Declaration16 facts ▸
- General meeting, “AssembléeGénéraleExtraordinairedesactionnaires” (deed in French)
- Declaration, “connaissanceduprojetdefusion, article12:51duCodedessociétésetdesassociations” (deed in French)
- Declaration, 19-06-2023, “absencedemodificationimportantedupatrimoine” (deed in French)
- Merger, “transfertdel'intégralitédupatrimoineactifetpassifpardissolutionsansliquidationauprofitdel'actionnaireunique, unanimité” (deed in French)
- Shareholding
- Accounting effect, 01-07-2023
- Share cancellation, “unanimité, touteslesactionsfigurantaubilandel'absorbante” (deed in French)
- Declaration, “aucunemodificationdel'objetnécessaire” (deed in French)
- Power of attorney (2 times)
- Name change, CEA
- Amendment of the articles
- Capital conversion, “comptedecapitauxpropresstatutairementindisponible” (deed in French)
- +4 further facts in this act
20-07
Gazette deed
RestructuringMerger · Shareholding · Capital10 facts ▸
- Merger, “totalité des actifs et passifs”, 0 (deed in French)
- Shareholding, “prise de participation”, 100 (deed in French)
- Other provision, “responsabilité spécifique des administrateurs de la société absorbée envers chaque actionnaire, dépôt du projet de fusion au greffe du Tribunal de Commerce 6 se…” (deed in French)
- Capital (2 times)
- Shareholding, 40
- Accounting effect, 01-07-2023
- Other provision, “Droits assurés aux porteurs des nouvelles actions” (deed in French)
- Other provision, “Avantages particuliers, membres des organes d'administration des sociétés appelées à fusionner” (deed in French)
- Other provision, “article 11 et article 18 §3 du code de la TVA, régime fiscal de la fusion par absorption” (deed in French)
- Director in office, Mustafa Esat AREL (director)
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 61026A1010/00E006 | Wallonia | 1,183 m² | 1 · 406 m² | 3.8 m · 1 |
| 61026A1010/00M004 | Wallonia | 1,056 m² | 1 · 341 m² | 7.5 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Laconception,lacommercialisation,ledéveloppement,lafabricationdetouscomposantsetproduitsd'éclairage,d'automatisationetdedomotiqueainsiquedet…” (deed in French)
5 activities (deed in French)
- Laconception,lacommercialisation,ledéveloppement,lafabricationdetouscomposantsetproduitsd'éclairage,d'automatisationetdedomotiqueainsiquedetousproduitsdérivésouconnexes
- Seportercautionetdonnertoutesûretépersonnelleouréelleenfaveurdetoutepersonneousociétéliéeounon
- Accomplirtoutesopérationscommerciales,industrielles,financières,mobilièresouimmobilièresserapportantdirectementouindirectementàsonobjet
- S'intéresserpartoutesvoiesdanstoutessociétés,associationsouentreprisesayantunobjetsimilaireouconnexeausienoususceptibledefavoriserledéveloppementdesesactivités
- Êtreadministrateur,gérantouliquidateur
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- One provision in the deed
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, personnes physiques ou morales, actionnaires ou non” (deed in French)“Fixe ou proportionnelle, portée aux frais généraux” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Organe met demande à ordre du jour prochaine assemblée générale ordinaire ou extraordinaire, choisi de commun accord ou à défaut par…” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Décision assemblée générale formes modifications statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed