Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Green is investment, beige is depreciation. Machinery stands 62.2% higher than in 2024.
Nine of the last ten came late. The 2019 accounts came latest: 122 days after the end of the period.
Lower solvency than 92% of companies in specialised construction. Sector median 46.7% · 35,156 companies.
In July 2024, 2,333 companies had the same profile as ECONECTIC has now. Each dot stands for 6 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,333 companies, not a prediction for ECONECTIC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| ECONECTIC Genappe | €30,901 | €10 | -13.9% | - |
| LABEL MEDIA NETWORK Fleurus | €30,838 | -€675 | 96.8% | - |
| Maris Security Heusden-Zolder | €32,721 | -€2,009 | -1183.7% | - |
| GGIP Charleroi | €26,993 | -€2,783 | 34.5% | - |
| NaturEnergie Thuin | €26,915 | -€1,370 | 20.0% | - |
| VAST INTERNATIONAL Sint-Genesius-Rode | €37,163 | -€12,694 | 80.1% | - |
| NjamShop Bruges | €25,641 | -€9,827 | -463.6% | - |
These companies have the same main activity as ECONECTIC: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €25,600 and €37,200, founded between 2008 and 2011.
ECONECTIC files the micro format. That format states no turnover. The gross margin fell from €15,954 in 2010 to €10 in 2025.
The balance sheet grew most in 2011 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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