DEMIR ELEC

Active

Private limited company (pre-2019)founded 20179 yrs activePaul Deschanellaan 121, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0675.686.558

Summary

The computed 12-month bankruptcy probability of DEMIR ELEC is 2.7% (moderate). The 2024 annual accounts show equity of €35k and a net result of €-4k. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 88% of 36375 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

62 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability8▼-61

Solvency100=

Growth52=

Track record100

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity ample (current ratio 5.46 against 38.82 in 2023; short-term debt: 17.3% and cash: 69.2% of total assets), and 17.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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 →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

82.7%

Return on assets

-9%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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 · 8 filings

Deviation from the deadline

2025

not confirmed

2024

25 d late

2023

21 d late

2022

45 d early

2021

29 d late

2020

40 d late

2019

90 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€35k▼ 9.8%

2023 · €38k

2018: €9k 2019: €23k 2020: €34k 2021: €35k 2022: €38k 2023: €38k

2018 → 2024

Total assets

€42k▲ 6.5%

2023 · €39k

2018: €11k 2019: €43k 2020: €39k 2021: €39k 2022: €40k 2023: €39k

2018 → 2024

Net result

€-4k

2023 · €64

2018: €2k 2019: €14k 2020: €11k 2021: €1k 2022: €3k 2023: €64

2018 → 2024

Working capital

€32k▼ 7.0%

2023 · €35k

2018: €9k 2019: €23k 2020: €31k 2021: €27k 2022: €32k 2023: €35k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€34k-€35k▲ 3.9%€38k▲ 8.2%€38k▲ 0.2%€35k▼ 9.8%

Operating result€11k-€4k▼ 68.3%€6k▲ 66.0%€1k▼ 82.8%€-2k

Net result€11k-€1k▼ 88.1%€3k▲ 120%€64▼ 97.8%€-4k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €2k after €1k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €42k

94.3%

Fixed assets €2k ▼ 35.8%

Current assets €39k ▲ 10.9%

Equity and liabilities €42k

82.7%

17.3%

Equity €35k ▼ 9.8%

Debt €7k ▲ 689%

Debt's share of the balance-sheet total rises from 2.3% to 17.3%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-2▼

2023 · €3k

Cash flow

€-2k▼

2023 · €2k

Current ratio

5.46▼

2023 · 38.82

Quick ratio

4.62▼

2023 · 36.88

Debt to equity

0.21▲

2023 · 0.02

ROE

-10.9%▼

2023 · 0.2%

ROA

-9.0%▼

2023 · 0.2%

Interest coverage

-0.02▼

2023 · 18.90

Debt ≤ 1 year

€7k▲

2023 · €916

Income taxes

€1k▲

2023 · €774

Staff costs

€8k

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 · 2024 against 2023 · 41 lines

Balance sheet Code20232024

Assets

Total assets20/58€39k€42k▲

Fixed assets21/28€4k€2k▼

Tangible fixed assets22/27€4k€2k▼

Plant, machinery and equipment23€1k€200▼

Furniture and vehicles24€3k€1k▼

Financial fixed assets28-€900

Current assets29/58€36k€39k▲

Stocks and contracts in progress3€2k€6k▲

Stocks30/36€2k€6k▲

Amounts receivable within one year40/41€11k€4k▼

Trade receivables40€11k€4k▼

Other amounts receivable41-€589

Cash at bank and in hand54/58€23k€29k▲

Equity and liabilities

Total equity and liabilities10/49€39k€42k▲

Equity10/15€38k€35k▼

Contributions10/11€14k€14k=

Outside capital11€14k-

Other1109/19€14k-

Profit (loss) carried forward14€25k€21k▼

Amounts payable17/49€916€7k▲

Amounts payable within one year42/48€916€7k▲

Trade debts44€203€222▲

Suppliers440/4€203€222▲

Advances received on contracts in progress46-€1k

Taxes, remuneration and social security45€282€5k▲

Taxes450/3€282€905▲

Remuneration and social security454/9-€5k

Other amounts payable47/48€432€532▲

Income statement Code20232024

Remuneration, social security and pensions62-€8k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=

Other operating charges640/8-€791

Gross operating margin9900€3k€8k▲

Operating profit (loss)9901€1k€-2k▼

Financial charges65/66B€172€124▼

Recurring financial charges65€172€124▼

Profit (loss) for the period before taxes9903€837€-2k▼

Income taxes67/77€774€1k▲

Profit (loss) for the period9904€64€-4k▼

Profit (loss) for the period to be appropriated9905€64€-4k▼

Appropriation of the result

Profit (loss) to be appropriated9906€25k€21k▼

Profit (loss) brought forward from the previous period14P€25k€25k▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 5Filings 8

2025

25-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 25 days late

2024

31-12

Financial Weakest financial yearnet €-4k ▼6015%

Net result drops to €-4k, the lowest in the series.

21-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 21 days late

2023

31-12

Financial Liquidity doublescurrent ratio 38.82

Current ratio from 16.41 to 38.82; short-term debt falls from €2k to €916.

16-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Liquidity doublescurrent ratio 16.41

Current ratio from 7.99 to 16.41; short-term debt falls from €4k to €2k.

29-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 29 days late

2021

09-09

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 40 days late

2020

31-12

Financial Liquidity quadruplescurrent ratio 7.87

Current ratio from 2.15 to 7.87; short-term debt falls from €20k to €5k.

29-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 90 days late

2019

31-12

Financial Highest result since 2018net €14k ▲713%

Operating result €14k, net result €14k, both a record.

30-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 30 days late

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 acts for this company are 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, Schaarbeek · 1 establishment unit since 2017

establishment The establishment unit on the map

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.

Paul Deschanellaan 1211030 Schaarbeek

Ground area

217 m²

Building footprint

158 m²

Volume, LiDAR

2,696 m³

Parcel 21906D0127/00B004, Brussels · tallest building 21.0 m, ±6 floors. Linked by address, not a title deed.

1 establishment unit

DEMIR ELEC

Paul Deschanellaan 121, 1030 SchaarbeekGeneral electrical installation work

since 20172.265.133.112

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21906D0127/00B004	Brussels	217 m²	1 · 158 m²	21.0 m · 6 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel 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

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Sint-Pieters-Leeuw · Eq €34,586

LMBM

BE 0801.269.488

Koekelberg · Eq €34,686

PAUL-BUD

BE 0651.862.962

Sint-Agatha-Berchem · Eq €34,695

Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,815 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company (pre-2019)

Founded12-05-2017

Fiscal year end31-12

Activities, NACEBEL 2025

43211General electrical installation work

43990Other specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.