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CS ELEC

Active
Private limited companyfounded 2012active for 14 yearsRue des Frères Herpain(W-B) 21, 1440 Braine-le-Château, BelgiumKBO/BCE: BE 0848.986.164
Summary

CS ELEC has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,352 and a net result of -€4,888. Equity is shrinking by about 6% per year across the filed financial years. Its solvency ranks better than 47% of 1,214 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Construction of utility projects for electricity and telecommunications
NACE 42220
1 site
Size
€27,126total assets 2025
Equity
€11,352
Loss
-€4,888
Turnover not published (micro format)
Financial health
87 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Accounts 18 days early0 of 3 deeds read
Why 87raises riskLoss of €4,888 (financial year 2025)lowers riskLiquidity: current ratio 1.68, cash €15,342Size: total assets €27,126Founded in 2012Show the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 35% of its sector peers (NACE 42, micro)
Financial strength · tick = 2024
Average
Solvency 67-7
equity 41.9% of total assets
Liquidity 70-5
short-term debt 58.1% · cash 56.6%
Profitability 0-81
return on assets -18.0%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (1,864 companies, NACE 42, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 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 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 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 04-2026lowest value 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026highest value 09-2026: 0.2%● unchanged vs 08-2026highest value 10-2026: 0.2%● unchanged vs 09-2026highest value
Credit of up to €500 on 30-day terms is acceptable
Liquidity ample (current ratio 1.68, compared with 1.88 in 2024; short-term debt: 58.1% and cash: 56.6% of total assets), but 58.1% of the assets are financed with debt.
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 42, micro): better than 47% on solvency, 73% on liquidity, 5% on profitability and 16% on growth.

The bankruptcy probability was computed on 09-10-2026 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).

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Signals

Five signals.
−lowers risk+raises risk○neutral
lowers risk · Liquidity: current ratio 1.68, cash €15,342
NBB · annual accounts
raises risk · Loss of €4,888 (financial year 2025)
NBB · annual accounts
lowers risk · Size: total assets €27,126
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 2012
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 days early
2024
6 days early
2023
16 days early
2022
13 days early
2021
34 days early
2020
5 days early
2019
35 days 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 18 days before the deadline; the sector median (NACE 42) for financial year 2024 is 2 days before the deadline, and 41% 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 16 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Caution: Among the weakest 16% on net resultsector median €11,826 · 1,210 companies -€4,888 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Total assets 20256 financial years filed €27,126 View

By topic

Financials

Financial year
2025
Total assets
€27,126
Loss
-€4,888
Solvency
41.9%
Total assets▼ 17.6%
Net result
20182025
Go to Financials

Timeline

Events
18
Since
2014
Next accounts
by 31-07-2027
  1. 31-12-2023Back to profit
  2. 31-12-2023Liquidity more than doubles
  3. 18-07-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Construction of utility projects for electricity and telecommunicationsNACE 42220
Founded
25-09-2012
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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