Custom Electrics
ActiveSummary
The computed 12-month bankruptcy probability of Custom Electrics is 2.0% (moderate). The 2025 annual accounts show equity of €2k and a net result of €48k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 27965 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency27▼-48
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.2%
Return on assets
53.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 10%
← weakest
strongest →
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 10-02-2026, 171 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
171 d early
2024
119 d early
2023
141 d early
2022
39 d early
2021
18 d late
2020
25 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k▼ 94.8%
2024 · €39k
2020: €15k
2021: €32k▲ +105% vs 2020
2022: €56k▲ +74.7% vs 2021highest in 6 years
2023: €17k▼ -69.0% vs 2022
2024: €39k▲ +126% vs 2023
2025: €2k▼ -94.8% vs 2024lowest in 6 years
2020 → 2025
Total assets
€89k▲ 15.7%
2024 · €77k
2020: €35klowest in 6 years
2021: €46k▲ +31.7% vs 2020
2022: €63k▲ +37.2% vs 2021
2023: €53k▼ -16.2% vs 2022
2024: €77k▲ +45.7% vs 2023
2025: €89k▲ +15.7% vs 2024highest in 6 years
2020 → 2025
Net result
€48k▼ 6.6%
2024 · €52k
2020: €13klowest in 6 years
2021: €16k▲ +20.9% vs 2020
2022: €24k▲ +45.6% vs 2021
2023: €39k▲ +66.2% vs 2022
2024: €52k▲ +30.8% vs 2023highest in 6 years
2025: €48k▼ -6.6% vs 2024
2020 → 2025
Working capital
€-2k
2024 · €36k
2020: €3k
2021: €24k▲ +783% vs 2020
2022: €54k▲ +126% vs 2021highest in 6 years
2023: €14k▼ -74.5% vs 2022
2024: €36k▲ +164% vs 2023
2025: €-2k▼ -105% vs 2024lowest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€56k▲ 74.7%€17k▼ 69.0%€39k▲ 126%€2k▼ 94.8%
2021: €32k
2022: €56k▲ +74.7% vs 2021highest in 5 years
2023: €17k▼ -69.0% vs 2022
2024: €39k▲ +126% vs 2023
2025: €2k▼ -94.8% vs 2024lowest in 5 years
Operating result€22k-€31k▲ 39.8%€50k▲ 64.1%€66k▲ 30.7%€61k▼ 7.2%
2021: €22klowest in 5 years
2022: €31k▲ +39.8% vs 2021
2023: €50k▲ +64.1% vs 2022
2024: €66k▲ +30.7% vs 2023highest in 5 years
2025: €61k▼ -7.2% vs 2024
Net result€16k-€24k▲ 45.6%€39k▲ 66.2%€52k▲ 30.8%€48k▼ 6.6%
2021: €16klowest in 5 years
2022: €24k▲ +45.6% vs 2021
2023: €39k▲ +66.2% vs 2022
2024: €52k▲ +30.8% vs 2023highest in 5 years
2025: €48k▼ -6.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €89k
Fixed assets
€4k ▲ 58.4%
Current assets
€86k ▲ 14.3%
Equity and liabilities €89k
Equity
€2k ▼ 94.8%
Debt
€87k ▲ 127%
Debt's share of the balance-sheet total rises from 49.8% to 97.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€62k▼
2024 · €67k
Cash flow
€49k▼
2024 · €53k
Current ratio
0.98▼
2024 · 1.94
Debt to equity
43.75▲
2024 · 0.99
ROA
53.9%▼
2024 · 66.8%
Interest coverage
876.17▼
2024 · 963.40
Debt ≤ 1 year
€87k▲
2024 · €38k
Income taxes
€13k▼
2024 · €14k
A ratio outside any meaningful range has been withheld (balance sheet total €89k, equity €2k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€77k€89k▲
Fixed assets21/28€2k€4k▲
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€0€2k▲
Furniture and vehicles24€0€2k▲
Current assets29/58€75k€86k▲
Amounts receivable within one year40/41€5k€15k▲
Trade receivables40€2k€13k▲
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€69k€70k▲
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€77k€89k▲
Equity10/15€39k€2k▼
Contributions10/11€2k€2k=
Reserves13€37k€0▼
Distributable reserves133€37k€0▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€38k€87k▲
Amounts payable within one year42/48€38k€87k▲
Current portion of amounts payable after more than one year42€58€116▲
Trade debts44€804€810▲
Suppliers440/4€804€810▲
Taxes, remuneration and social security45€2k€2k=
Taxes450/3€2k€2k=
Other amounts payable47/48€36k€85k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€932€822▼
Other operating charges640/8€505€520▲
Gross operating margin9900€67k€62k▼
Operating profit (loss)9901€66k€61k▼
Financial income75/76B€0€253▲
Recurring financial income75€0€253▲
Financial charges65/66B€69€70▲
Recurring financial charges65€69€70▲
Profit (loss) for the period before taxes9903€66k€61k▼
Income taxes67/77€14k€13k▼
Profit (loss) for the period9904€52k€48k▼
Profit (loss) for the period to be appropriated9905€52k€48k▼
Appropriation of the result
Profit (loss) to be appropriated9906€52k€48k▼
Transfer from equity791/2€0€37k▲
Transfer to equity691/2€22k€0▼
To other reserves6921€22k€0▼
Profit to be distributed694/7€30k€85k▲
Return on contributions (dividend)694€30k€85k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €6k | €2k | €932 | €822 | ▼ 11.8% |
| Other operating charges640/8 | €101 | €164 | €534 | €505 | €520 | ▲ 2.8% |
| Gross operating margin9900 | €28k | €37k | €52k | €67k | €62k | ▼ 7.2% |
| Operating profit (loss)9901 | €22k | €31k | €50k | €66k | €61k | ▼ 7.2% |
| Financial income75/76B | €1 | €620 | €0 | €0 | €253 | ▲ 1,266,700% |
| Recurring financial income75 | €1 | €620 | €0 | €0 | €253 | ▲ 1,266,700% |
| Financial charges65/66B | €63 | €41 | €71 | €69 | €70 | ▲ 2.0% |
| Recurring financial charges65 | €63 | €41 | €71 | €69 | €70 | ▲ 2.0% |
| Profit (loss) for the period before taxes9903 | €22k | €31k | €50k | €66k | €61k | ▼ 6.8% |
| Income taxes67/77 | €5k | €7k | €11k | €14k | €13k | ▼ 7.7% |
| Profit (loss) for the period9904 | €16k | €24k | €39k | €52k | €48k | ▼ 6.6% |
| Profit (loss) for the period to be appropriated9905 | €16k | €24k | €39k | €52k | €48k | ▼ 6.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46k | €63k | €53k | €77k | €89k | ▲ 15.7% |
| Fixed assets21/28 | €8k | €1k | €3k | €2k | €4k | ▲ 58.4% |
| Intangible fixed assets21 | €0 | - | €3k | €2k | €2k | ▼ 30.7% |
| Tangible fixed assets22/27 | €8k | €1k | €166 | €0 | €2k | - |
| Furniture and vehicles24 | €8k | €1k | €166 | €0 | €2k | - |
| Current assets29/58 | €38k | €62k | €50k | €75k | €86k | ▲ 14.3% |
| Amounts receivable after more than one year29 | €16k | €24k | €0 | - | - | - |
| Other amounts receivable291 | €16k | €24k | €0 | - | - | - |
| Amounts receivable within one year40/41 | €5k | €4k | €5k | €5k | €15k | ▲ 196% |
| Trade receivables40 | €4k | €2k | €3k | €2k | €13k | ▲ 616% |
| Other amounts receivable41 | €1k | €2k | €3k | €3k | €2k | ▼ 34.9% |
| Cash at bank and in hand54/58 | €17k | €32k | €43k | €69k | €70k | ▲ 1.8% |
| Deferred charges and accrued income490/1 | €223 | €1k | €1k | €1k | €1k | ▼ 13.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46k | €63k | €53k | €77k | €89k | ▲ 15.7% |
| Equity10/15 | €32k | €56k | €17k | €39k | €2k | ▼ 94.8% |
| Contributions10/11 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves13 | €30k | €54k | €15k | €37k | €0 | ▼ 100% |
| Distributable reserves133 | €30k | €54k | €15k | €37k | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €14k | €8k | €36k | €38k | €87k | ▲ 127% |
| Amounts payable within one year42/48 | €14k | €8k | €36k | €38k | €87k | ▲ 127% |
| Current portion of amounts payable after more than one year42 | - | - | - | €58 | €116 | ▲ 100% |
| Financial debts43 | €0 | - | - | - | - | - |
| Credit institutions430/8 | €0 | - | - | - | - | - |
| Trade debts44 | €319 | €314 | €1k | €804 | €810 | ▲ 0.8% |
| Suppliers440/4 | €319 | €314 | €1k | €804 | €810 | ▲ 0.8% |
| Taxes, remuneration and social security45 | €3k | €3k | €3k | €2k | €2k | = |
| Taxes450/3 | €3k | €3k | €3k | €2k | €2k | = |
| Remuneration and social security454/9 | €0 | - | - | - | - | - |
| Other amounts payable47/48 | €11k | €5k | €32k | €36k | €85k | ▲ 135% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €24k | €39k | €52k | €48k | ▼ 6.6% |
| + Depreciation and write-downs630 | €6k | €6k | €2k | €932 | €822 | ▼ 11.8% |
| Operating cash flow (approximation) | €23k | €30k | €41k | €53k | €49k | ▼ 6.7% |
| Investment in fixed assets (approximation) | - | €0 | €-4k | €0 | €-2k | - |
| Change in cash | - | €15k | €11k | €26k | €1k | ▼ 95.2% |
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
10-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €52k ▲30.8%
Operating result €66k, net result €52k, both a record.
12-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 7.97
Current ratio from 2.67 to 7.97; short-term debt falls from €14k to €8k.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 2.67
Current ratio from 1.14 to 2.67; short-term debt falls from €20k to €14k.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro 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, Wuustwezel · 1 establishment unit since 2020
Ground area
746 m²
Building footprint
115 m²
Volume, LiDAR
648 m³
Parcel 11053D0730/00M000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Custom Electrics
since 20202.297.947.519
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11053D0730/00M000 | Flanders | 746 m² | 1 · 115 m² | 9.7 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 22,832 companies in sector 43211 we hold annual accounts for 10,326. 1,790 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
Founded14-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
33120Repair and maintenance of machinery
33130Repair, maintenance and installation of machinery and equipment
33140Repair and maintenance of electrical equipment
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
95220Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Scores and ratios are computed by Checked and are not a credit decision.