Contacts Elec
ActiveSummary
The computed 12-month bankruptcy probability of Contacts Elec is 3.0% (moderate). The 2024 annual accounts show equity of €52,775 and a net result of €7,324. Equity is growing by ~46.9% per year across the filed fiscal years. Its solvency ranks better than 49% of 3557 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability76▼-24
Solvency65▲+8
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity short (current ratio 0.99 against 0.94 in 2023; short-term debt: 51.3% and cash: 20.6% of total assets), and 60.5% of the assets are financed with debt.
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Signals
Five 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 dateAge against the risk zone
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
39.5%
Return on assets
5.5%
Age of the figures
21 mo
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 24-06-2026, 37 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
37 d early
2024
22 d late
2023
2 d early
2022
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 5 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 July (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€7,324▼ 82.8%
2023 · €42,593
Working capital
-€966▲ 83.1%
2023 · -€5,704
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€9,875-€52,173▲ 428%€10,055▼ 80.7%
Net result€8,133within the sector's middle half-€42,593within the sector's middle half▲ 424%€7,324within the sector's middle half▼ 82.8%
Equity€10,133below the sector's middle half-€45,451below the sector's middle half▲ 349%€52,775below the sector's middle half▲ 16.1%
Total assets€76,698below the sector's middle half-€143,096below the sector's middle half▲ 86.6%€133,533below the sector's middle half▼ 6.7%
Debt€66,565-€97,645▲ 46.7%€80,757▼ 17.3%
Working capital€2,252below the sector's middle half--€5,704below the sector's middle half-€966below the sector's middle half▲ 83.1%
Solvency13.2%below the sector's middle half-31.8%within the sector's middle half▲ 18.6pp39.5%within the sector's middle half▲ 7.8pp
Current ratio1.03below the sector's middle half-0.94below the sector's middle half▼ 0.090.99below the sector's middle half▲ 0.04
Return on assets (ROA)10.6%within the sector's middle half-29.8%above the sector's middle half▲ 19.2pp5.5%within the sector's middle half▼ 24.3pp
Staff (FTE)0.7below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 81% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €133,533
Fixed assets
€65,972 ▲ 29.0%
Current assets
€67,561 ▼ 26.5%
Equity and liabilities €133,533
Equity
€52,775 ▲ 16.1%
Debt
€80,757 ▼ 17.3%
Debt's share of the balance-sheet total falls from 68.2% to 60.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27,775▼
2023 · €63,924
Cash flow
€25,044▼
2023 · €54,344
Quick ratio
0.79▲
2023 · 0.73
Debt to equity
1.53▼
2023 · 2.15
ROE
13.9%▼
2023 · 93.7%
Interest coverage
23.06▼
2023 · 391.45
Debt ≤ 1 year
€68,527▼
2023 · €97,645
Debt > 1 year
€12,231
Income taxes
€1,611▼
2023 · €9,495
Staff costs
€1,741▼
2023 · €20,369
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% 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
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.0% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 39,278 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 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €20,369 | €1,741 | ▼ 91.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €135 | €11,751 | €17,720 | ▲ 50.8% |
| Other operating charges640/8 | €543 | €872 | €3,719 | ▲ 327% |
| Gross operating margin9900 | €10,553 | €85,164 | €33,235 | ▼ 61.0% |
| Operating profit (loss)9901 | €9,875 | €52,173 | €10,055 | ▼ 80.7% |
| Financial income75/76B | €0 | €79 | €85 | ▲ 8.6% |
| Recurring financial income75 | €0 | €79 | €85 | ▲ 8.6% |
| Financial charges65/66B | €63 | €163 | €1,205 | ▲ 638% |
| Recurring financial charges65 | €63 | €163 | €1,205 | ▲ 638% |
| Profit (loss) for the period before taxes9903 | €9,812 | €52,088 | €8,936 | ▼ 82.8% |
| Income taxes67/77 | €1,680 | €9,495 | €1,611 | ▼ 83.0% |
| Profit (loss) for the period9904 | €8,133 | €42,593 | €7,324 | ▼ 82.8% |
| Profit (loss) for the period to be appropriated9905 | €8,133 | €42,593 | €7,324 | ▼ 82.8% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €76,698 | €143,096 | €133,533 | ▼ 6.7% |
| Fixed assets21/28 | €7,881 | €51,155 | €65,972 | ▲ 29.0% |
| Tangible fixed assets22/27 | €7,131 | €50,042 | €65,222 | ▲ 30.3% |
| Land and buildings22 | - | €4,623 | €4,123 | ▼ 10.8% |
| Plant, machinery and equipment23 | €7,131 | €9,363 | €14,648 | ▲ 56.4% |
| Furniture and vehicles24 | - | €36,056 | €46,450 | ▲ 28.8% |
| Financial fixed assets28 | €750 | €1,113 | €750 | ▼ 32.6% |
| Current assets29/58 | €68,817 | €91,941 | €67,561 | ▼ 26.5% |
| Stocks and contracts in progress3 | €13,550 | €20,486 | €13,191 | ▼ 35.6% |
| Stocks30/36 | €13,550 | €20,486 | €13,191 | ▼ 35.6% |
| Amounts receivable within one year40/41 | €21,189 | €29,847 | €26,757 | ▼ 10.4% |
| Trade receivables40 | €19,920 | €26,034 | €26,345 | ▲ 1.2% |
| Other amounts receivable41 | €1,269 | €3,813 | €412 | ▼ 89.2% |
| Cash at bank and in hand54/58 | €32,246 | €39,100 | €27,561 | ▼ 29.5% |
| Deferred charges and accrued income490/1 | €1,832 | €2,508 | €52 | ▼ 97.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €76,698 | €143,096 | €133,533 | ▼ 6.7% |
| Equity10/15 | €10,133 | €45,451 | €52,775 | ▲ 16.1% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €8,133 | €43,451 | €50,775 | ▲ 16.9% |
| Amounts payable17/49 | €66,565 | €97,645 | €80,757 | ▼ 17.3% |
| Amounts payable after more than one year17 | - | - | €12,231 | - |
| Financial debts170/4 | - | - | €12,231 | - |
| Amounts payable within one year42/48 | €66,565 | €97,645 | €68,527 | ▼ 29.8% |
| Current portion of amounts payable after more than one year42 | - | - | €3,526 | - |
| Trade debts44 | €51,848 | €20,819 | €15,825 | ▼ 24.0% |
| Suppliers440/4 | €51,848 | €20,819 | €15,825 | ▼ 24.0% |
| Taxes, remuneration and social security45 | €3,930 | €9,495 | €1,611 | ▼ 83.0% |
| Taxes450/3 | €3,930 | €9,495 | €1,611 | ▼ 83.0% |
| Other amounts payable47/48 | €10,788 | €67,331 | €47,564 | ▼ 29.4% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,133 | €42,593 | €7,324 | ▼ 82.8% |
| + Depreciation and write-downs630 | €135 | €11,751 | €17,720 | ▲ 50.8% |
| Operating cash flow (approximation) | €8,268 | €54,344 | €25,044 | ▼ 53.9% |
| Investment in fixed assets (approximation) | - | -€55,026 | -€32,536 | ▲ 40.9% |
| Change in cash | - | €6,854 | -€11,539 | ▼ 268% |
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 2026, expected by
2026
24-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 22 days late
2024
31-12
Financial
Weakest financial yearnet €7,324 ▼82.8%
Net result drops to €7,324, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2022net €42,593 ▲424%
Operating result €52,173, net result €42,593, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Leuze-en-Hainaut · 1 establishment unit since 2022
Ground area
2,870 m²
Building footprint
80 m²
Volume, LiDAR
408 m³
Parcel 57091A0075/00R000, Wallonia · tallest building 6.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Contacts Elec
since 20222.333.409.432
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57091A0075/00R000 | Wallonia | 2,870 m² | 1 · 80 m² | 6.2 m · 2 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.
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Of 22,827 companies in sector 43211 we hold annual accounts for 10,333. 8,602 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
Founded28-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
33200Installation of industrial machinery and equipment
43120Site preparation
43212Electrical installation work in industrial facilities
43230Insulation installation
43350Other building finishing work
43910Bricklaying and masonry work
Contact
E-mail
infocontactselec@gmail.com
Phone
0475398463
E-invoicing
Reachable via Peppol
Peppol ID
0208:0787741255
Also
9925:BE0787741255
Registered
12-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.