CT ELEC
ActiveThe computed 12-month bankruptcy probability of CT ELEC is 3.6% (moderate). The 2025 annual accounts show negative equity (€-21k) and a net result of €-27k. Equity is shrinking by ~100.1% per year across the filed fiscal years. Its solvency ranks better than 7% of 27319 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
7
/ 100
Critical▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency41▲+29
Growth32=
Stability94
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.83 against 0.93 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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
Sector 43
higher
← 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 2025Solvency, return and age of the figures
Solvency
-13.7%
Return on assets
-17.5%
Age of the figures
8 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€21k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 3 filingsDeviation from the deadline
2025
28 d late
2024
19 d late
2023
30 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-21k
2024 · €6k
2023: €21k
2024: €6k
2023 → 2025
Total assets
€153k▲ 7.7%
2024 · €142k
2023: €34k
2024: €142k
2023 → 2025
Net result
€-27k▼ 76.6%
2024 · €-15k
2023: €17k
2024: €-15k
2023 → 2025
Working capital
€-29k▼ 205%
2024 · €-9k
2023: €4k
2024: €-9k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€21k-€6k▼ 72.4%€-21k
Operating result€24k-€-14k€-26k▼ 81.1%
Net result€17k-€-15k€-27k▼ 76.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €26k in 2025 against €14k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €153k
Fixed assets
€8k▼ 49.3%
Current assets
€145k▲ 14.5%
Key figures and ratios
EBITDA
€-19k▼
2024 · €-5k
Cash flow
€-19k▼
2024 · €-6k
Solvency
-13.7%▼
2024 · 4.1%
Current ratio
0.83▼
2024 · 0.93
Quick ratio
0.19▼
2024 · 0.36
Debt / equity
-8.28▼
2024 · 23.52
ROE
127.6%▲
2024 · -262.0%
ROA
-17.5%▼
2024 · -10.7%
Interest coverage
-33.16▲
2024 · -41.03
Debt
€174k▲
2024 · €136k
Debt ≤ 1 year
€174k▲
2024 · €136k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€142k€153k▲
Fixed assets21/28€15k€8k▼
Intangible fixed assets21€481-
Tangible fixed assets22/27€15k€8k▼
Plant, machinery and equipment23€6k€3k▼
Furniture and vehicles24€8k€5k▼
Current assets29/58€127k€145k▲
Stocks and contracts in progress3€77k€112k▲
Stocks30/36€77k€112k▲
Amounts receivable within one year40/41€5k€21k▲
Trade receivables40€1k€14k▲
Other amounts receivable41€3k€7k▲
Cash at bank and in hand54/58€45k€13k▼
Equity and liabilities
Total equity and liabilities10/49€142k€153k▲
Equity10/15€6k€-21k▼
Contributions10/11€4k€4k=
Profit (loss) carried forward14€2k€-25k▼
Amounts payable17/49€136k€174k▲
Amounts payable within one year42/48€136k€174k▲
Trade debts44€6k-
Suppliers440/4€6k-
Advances received on contracts in progress46-€10k
Taxes, remuneration and social security45€7k€2k▼
Taxes450/3€7k€2k▼
Other amounts payable47/48€123k€162k▲
Income statement
Code20242025
Remuneration, social security and pensions62€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€7k▼
Other operating charges640/8€423€117▼
Gross operating margin9900€-3k€-19k▼
Operating profit (loss)9901€-14k€-26k▼
Financial income75/76B€2€1▼
Recurring financial income75€2€1▼
Financial charges65/66B€133€565▲
Recurring financial charges65€133€565▲
Profit (loss) for the period before taxes9903€-15k€-27k▼
Income taxes67/77€557-
Profit (loss) for the period9904€-15k€-27k▼
Profit (loss) for the period to be appropriated9905€-15k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-25k▼
Profit (loss) brought forward from the previous period14P€17k€2k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2023
Frédéric Van Loo
CurrentDirector · since 22-12-2023
Maxime Gilles
CurrentDirector · since 22-12-2023
22-12-2023
Frédéric Van Loo: Appointed as Director
22-12-2023
Maxime Gilles: Appointed as Director
22-12-2023
Thomas Cosme: Resigned as Director
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Excelsiorlaan 101930 ZaventemGround area
1.2 ha
Building footprint
3,163 m²
Volume, LiDAR
21,102 m³
2 parcels, Brussels, Flanders · tallest building 16.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Schotlandstraat 34, 1060 Sint-Gillis (bij-Brussel)
since 20222.333.318.469
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0045/00V002 | Flanders | 1.2 ha | 1 · 3,085 m² | 12.5 m · 2 fl. |
| 21013B0017/00N017 | Brussels | 104 m² | 1 · 78 m² | 16.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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
MARTIKRISTO
BE 0821.865.954
Namur · Eq €6k
Climaflow
BE 0797.235.476
Maaseik · Eq €6k
SPX Projects
BE 1028.352.230
Kasterlee · Eq €6k
EG GROUP
BE 0563.937.412
Heusden-Zolder · Eq €6k
REXTRA
BE 1021.217.087
Anderlecht · Eq €6k
Of 22,731 companies in sector 43211 we hold annual accounts for 10,271. 4,050 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-07-2022
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
45204
95319Other maintenance and repair of motor vehicles
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.