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DEN ELECT

Active
Private limited companyfounded 20232 yrs activeFilip de Pillecynlaan 57, 9111 Sint-Niklaas, BelgiumKBO/BCE: BE 1003.951.681
Summary

The computed 12-month bankruptcy probability of DEN ELECT is 3.2% (moderate). The 2024 annual accounts show equity of €3,740 and a net result of €740. Its solvency ranks better than 25% of 36386 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability49
Solvency49
Growth-
Track record67
Bankruptcy probability, 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity ample (current ratio 1.73; short-term debt: 57.9% and cash: 26.4% of total assets), but 76.2% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
23.8%
Return on assets
4.7%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-04-2026, 245 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 1 filing
Deviation from the deadline
2024
245 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 245 days after 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 (1)
neutral · 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

History

On 27 December 2023, DEN ELECT was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€3,740
Total assets
€15,713
Net result
€740
Working capital
€6,610

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

Balance-sheet composition
Equity and liabilities €15,713
Equity €3,740
Debt €11,974
Debt finances 76.2% of the balance-sheet total.
Key figures and ratios
2024 value
Current ratio
1.73
Debt to equity
3.20
ROE
19.8%
ROA
4.7%
Debt ≤ 1 year
€9,103
Income taxes
€835

Peer companies

Historical observation

Of the 2,541 companies that looked in July 2024 the way this one looks now, 3.3% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
3.3% went bankrupt
1.1% stopped otherwise
95% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,541 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
Filed annual accounts As filed with the NBB · 2024 · 33 lines
Balance sheet Code2024
Assets
Total assets20/58€15,713
Current assets29/58€15,713
Amounts receivable within one year40/41€11,557
Trade receivables40€8,705
Other amounts receivable41€2,853
Cash at bank and in hand54/58€4,156
Equity and liabilities
Total equity and liabilities10/49€15,713
Equity10/15€3,740
Contributions10/11€3,000
Reserves13€740
Distributable reserves133€740
Amounts payable17/49€11,974
Amounts payable within one year42/48€9,103
Trade debts44€4,409
Suppliers440/4€4,409
Taxes, remuneration and social security45€4,695
Taxes450/3€2,095
Remuneration and social security454/9€2,600
Accrued charges and deferred income492/3€2,870
Income statement Code2024
Other operating charges640/8€1,631
Gross operating margin9900€2,911
Operating profit (loss)9901€1,280
Financial income75/76B€372
Recurring financial income75€372
Financial charges65/66B€77
Recurring financial charges65€77
Profit (loss) for the period before taxes9903€1,575
Income taxes67/77€835
Profit (loss) for the period9904€740
Profit (loss) for the period to be appropriated9905€740
Appropriation of the result
Profit (loss) to be appropriated9906€740
Transfer to equity691/2€740
To other reserves6921€740

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Other operating charges640/8€1,631
Gross operating margin9900€2,911
Operating profit (loss)9901€1,280
Financial income75/76B€372
Recurring financial income75€372
Financial charges65/66B€77
Recurring financial charges65€77
Profit (loss) for the period before taxes9903€1,575
Income taxes67/77€835
Profit (loss) for the period9904€740
Profit (loss) for the period to be appropriated9905€740
Line2024
Assets
Total assets20/58€15,713
Current assets29/58€15,713
Amounts receivable within one year40/41€11,557
Trade receivables40€8,705
Other amounts receivable41€2,853
Cash at bank and in hand54/58€4,156
Equity and liabilities
Total equity and liabilities10/49€15,713
Equity10/15€3,740
Contributions10/11€3,000
Reserves13€740
Distributable reserves133€740
Amounts payable17/49€11,974
Amounts payable within one year42/48€9,103
Trade debts44€4,409
Suppliers440/4€4,409
Taxes, remuneration and social security45€4,695
Taxes450/3€2,095
Remuneration and social security454/9€2,600
Accrued charges and deferred income492/3€2,870
Line2024
Profit (loss) for the period9904€740
Operating cash flow (approximation)€740

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
02-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 245 days late
NBB filing

Directors · office · real estate

Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Sint-Niklaas · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
852 m²
Building footprint
84 m²
Volume, LiDAR
526 m³
Parcel 46002B1154/00R000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Filip de Pillecynlaan 57, 9111 Sint-Niklaas
General electrical installation work
since 20232.353.568.903
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46002B1154/00R000 Flanders 852 m² 1 · 84 m² 8.8 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.

Similar companies · same sector, comparable size

Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 3,015 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
Founded27-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID 0208:1003951681
Also 9925:BE1003951681
Registered 19-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

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