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.
Higher than 7% of 35,156 companies in 2025.
Higher than 15% of 34,529 companies in 2025.
Higher than 17% of 34,730 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
30,901 | 29,691 | 30,518 | 31,632 | 35,647 | 31,259 | 38,331 | 51,660 | 49,579 | 62,268 | 69,145 | 47,354 | 89,653 | 82,383 | 115,062 | 42,454 | |
21/28 |
1,716 | 1,201 | 1,788 | 2,376 | 2,963 | 2,293 | 6,916 | 13,806 | 5,778 | 1,371 | 5,279 | 16,475 | 32,605 | 46,139 | 54,881 | 1,969 | |
22/27 |
1,344 | 829 | 1,416 | 2,003 | 2,591 | 1,921 | 6,544 | 13,306 | 5,278 | 1,371 | 5,279 | 16,475 | 32,555 | 46,089 | 54,831 | 1,919 | |
23 |
1,344 | 829 | 1,416 | - | - | - | - | 2,139 | 5,278 | 1,371 | 5,033 | 3,974 | 4,392 | - | - | - | |
24 |
- | - | - | 2,003 | 2,591 | 1,921 | 6,544 | 11,167 | 0 | 0 | 246 | 11,876 | 27,700 | 43,254 | 53,391 | - | |
28 |
372 | 372 | 372 | 372 | 372 | 372 | 372 | 500 | 500 | - | - | - | 50 | 50 | 50 | 50 | |
29/58 |
29,185 | 28,490 | 28,729 | 29,256 | 32,684 | 28,966 | 31,415 | 37,853 | 43,801 | 60,897 | 63,866 | 30,880 | 57,048 | 36,244 | 60,181 | 40,485 | |
29 |
50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 0 | - | - | - | |
290 |
50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | - | - | - | - | |
3 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | - | - | - | - | - | - | |
30/36 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | - | - | - | - | - | - | |
40/41 |
18,256 | 17,949 | 17,432 | 19,199 | 18,484 | 18,255 | 20,622 | 26,841 | 33,751 | 40,378 | 61,407 | 20,105 | 38,353 | 32,805 | 53,253 | 37,375 | |
40 |
16,843 | 15,954 | 15,672 | 17,404 | 16,786 | 15,830 | 18,006 | 13,306 | 22,604 | 25,485 | 36,236 | 9,166 | 33,972 | 21,974 | 43,337 | 35,334 | |
41 |
1,412 | 1,995 | 1,760 | 1,794 | 1,698 | 2,425 | 2,615 | 13,536 | 11,146 | 14,893 | 25,171 | 10,940 | 4,380 | 10,831 | 9,916 | 2,041 | |
54/58 |
412 | 295 | 1,056 | 8 | 4,151 | 471 | 743 | 962 | - | 10,469 | 2,409 | 5,553 | 16,130 | 1,999 | 5,067 | 3,110 | |
490/1 |
467 | 197 | 192 | - | - | 190 | - | - | - | - | 0 | 5,172 | 2,565 | 1,440 | 1,862 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
30,901 | 29,691 | 30,518 | 31,632 | 35,647 | 31,259 | 38,331 | 51,660 | 49,579 | 62,268 | 69,145 | 47,354 | 89,653 | 82,383 | 115,062 | 42,454 | |
10/15 |
-4,299 | -3,090 | -1,435 | -2,952 | -5,029 | -11,052 | 6,603 | 19,769 | 14,697 | 25,192 | 31,838 | 14,595 | 30,984 | 17,340 | 8,148 | 17,847 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
7,032 | 7,032 | 7,032 | 7,032 | 7,032 | 7,032 | 7,032 | 7,032 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
133 |
5,172 | 5,172 | 5,172 | 5,172 | 5,172 | 5,172 | 5,172 | 5,172 | - | - | - | - | - | - | - | - | |
14 |
-17,531 | -16,323 | -14,668 | -16,184 | -18,262 | -24,285 | -6,629 | 6,537 | 6,637 | 17,132 | 23,778 | 6,535 | 22,924 | 9,280 | 88 | 9,787 | |
17/49 |
35,200 | 32,781 | 31,953 | 34,584 | 40,677 | 42,311 | 31,728 | 31,891 | 34,882 | 37,077 | 37,307 | 32,760 | 58,669 | 65,042 | 106,914 | 24,607 | |
17 |
- | - | - | - | - | - | 29,424 | - | - | - | 0 | 5,238 | 24,120 | 38,366 | 52,611 | - | |
170/4 |
- | - | - | - | - | - | 29,424 | - | - | - | 0 | 5,238 | 24,120 | 38,366 | 52,611 | - | |
42/48 |
35,200 | 32,781 | 31,953 | 34,584 | 40,677 | 42,311 | 2,303 | 31,891 | 34,882 | 37,077 | 36,905 | 27,522 | 34,549 | 26,677 | 54,281 | 24,607 | |
42 |
- | - | - | - | - | - | - | - | 0 | 918 | 5,238 | 7,629 | 14,245 | 14,245 | 13,655 | - | |
43 |
- | - | - | - | - | - | - | - | 265 | - | - | 8,833 | - | - | 776 | - | |
430/8 |
- | - | - | - | - | - | - | - | 265 | - | - | 8,833 | - | - | 776 | - | |
44 |
1,463 | 201 | 208 | 1,231 | 2,577 | 2,837 | 439 | 933 | 5,477 | 19,736 | 20,507 | 2,468 | 11,504 | 7,715 | 25,719 | 7,644 | |
440/4 |
1,463 | 201 | 208 | 1,231 | 2,577 | 2,837 | 439 | 933 | 5,477 | 19,736 | 20,507 | 2,468 | 11,504 | 7,715 | 25,719 | 7,644 | |
46 |
- | - | 370 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
102 | 34 | 34 | 34 | 34 | 44 | 1,865 | 1,872 | 1,174 | 16,422 | 11,160 | 8,244 | 8,665 | 4,716 | 14,122 | 7,209 | |
450/3 |
102 | 34 | 34 | 34 | 34 | 44 | 1,865 | 1,872 | 1,174 | 7,182 | 7,069 | 6,760 | 7,859 | 2,046 | 7,431 | 4,709 | |
454/9 |
- | - | - | - | - | - | - | - | - | 9,240 | 4,091 | 1,485 | 806 | 2,671 | 6,691 | 2,500 | |
47/48 |
33,634 | 32,546 | 31,340 | 33,319 | 38,066 | 39,430 | - | 29,086 | 27,966 | - | 0 | 348 | 134 | - | 8 | 9,755 | |
492/3 |
- | - | - | - | - | - | - | - | - | 0 | 402 | - | - | - | 22 | - | |
| Income statement | |||||||||||||||||
70 |
- | - | - | - | - | - | 22,830 | 81,226 | 100,093 | 126,992 | 218,420 | 133,711 | 234,774 | - | - | - | |
76A |
- | - | - | - | - | - | 968 | 975 | - | 11,374 | 10,274 | 17,165 | 484 | - | - | - | |
9900 |
10 | -591 | 2,415 | 2,995 | 8,757 | -12,530 | -5,567 | 13,156 | -5,475 | 2,540 | 30,490 | -16,730 | 40,285 | 34,434 | 11,666 | 15,954 | |
60/61 |
- | - | - | - | - | - | 29,365 | 72,214 | 113,246 | 147,324 | 187,930 | 150,441 | 194,488 | - | - | - | |
62 |
- | - | - | - | - | - | - | - | - | - | 180 | 869 | 912 | 3,634 | 4,257 | - | |
630 |
835 | 587 | 587 | 587 | 2,267 | 4,623 | 6,762 | 5,842 | 4,510 | 3,908 | 12,417 | 13,063 | 17,141 | 16,419 | 14,341 | 480 | |
631/4 |
- | - | - | - | - | - | - | - | - | 1,765 | - | - | - | - | - | - | |
640/8 |
236 | 266 | 236 | 236 | 385 | 406 | 919 | 828 | 1,269 | 5,853 | 579 | 780 | 913 | 1,384 | 1,148 | - | |
66A |
- | - | - | - | - | - | - | 80 | - | - | 2,436 | - | 818 | - | - | - | |
9901 |
-1,060 | -1,444 | 1,591 | 2,172 | 6,105 | -17,559 | -13,249 | 6,406 | -11,254 | -8,986 | 17,314 | -31,443 | 21,319 | 12,997 | -8,080 | 15,474 | |
75/76B |
- | - | - | - | - | - | 219 | - | 1,874 | 3,802 | 218 | 311 | 833 | 529 | 376 | 7 | |
75 |
- | - | - | - | - | - | 219 | - | 1,874 | 597 | 218 | 311 | 833 | 529 | 376 | 7 | |
76B |
- | - | - | - | - | - | - | - | - | 3,205 | - | - | - | - | - | - | |
65/66B |
148 | 211 | 74 | 95 | 82 | 97 | 292 | 205 | 371 | 1,126 | 1,454 | 2,422 | 2,334 | 2,770 | 1,977 | 34 | |
65 |
148 | 211 | 74 | 95 | 82 | 97 | 292 | 205 | 371 | 1,126 | 1,454 | 2,422 | 2,334 | 2,770 | 1,977 | 34 | |
9903 |
-1,209 | -1,655 | 1,517 | 2,077 | 6,023 | -17,656 | -13,322 | 6,202 | -9,752 | -6,311 | 23,915 | -16,389 | 19,483 | 10,756 | -9,680 | 15,446 | |
67/77 |
- | - | - | - | - | - | -156 | 1,129 | 743 | 336 | 6,671 | - | 5,839 | 1,564 | 18 | 3,800 | |
9904 |
-1,209 | -1,655 | 1,517 | 2,077 | 6,023 | -17,656 | -13,166 | 5,072 | -10,495 | -6,647 | 17,244 | -16,389 | 13,644 | 9,192 | -9,699 | 11,647 | |
9905 |
-1,209 | -1,655 | 1,517 | 2,077 | 6,023 | -17,656 | -13,166 | 5,072 | -10,495 | -6,647 | 17,244 | -16,389 | 13,644 | 9,192 | -9,699 | 11,647 | |
| Appropriation of the result | |||||||||||||||||
9906 |
-17,531 | -16,323 | -14,668 | -16,184 | -18,262 | -24,285 | -6,629 | 11,709 | 6,637 | 17,132 | 23,778 | 6,535 | 22,924 | 9,280 | 88 | 11,647 | |
14P |
-16,323 | -14,668 | -16,184 | -18,262 | -24,285 | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 5,172 | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | 5,172 | - | - | - | - | - | - | - | 1,860 | |
| Social balance sheet | |||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | 0.2 | 0.2 | 0.6 | 0.6 | - | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | 208 | 182 | 1,126 | 1,042 | - | |
| Document | |||||||||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-08-2026.
2025 annual accounts filed 23 days after the deadline. Filed on 23 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00415617.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-08-2026 | 2026-00415617 | |
| 31-12-2024 | micro format | 01-07-2025 | 2025-00209826 | |
| 31-12-2023 | micro format | 19-08-2024 | 2024-00372686 | |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00364630 | |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20318354 | |
| 31-12-2020 | micro format | 23-08-2021 | 2021-53700382 | |
| 31-12-2019 | micro format | 30-11-2020 | 2020-72800444 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-67400599 | |
| 31-12-2017 | micro format | 29-08-2018 | 2018-52700165 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-57200134 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-58400495 | |
| 31-12-2014 | full format | 30-09-2015 | 2015-63200028 | |
| 31-12-2013 | full format | 13-11-2014 | 2014-66900099 | |
| 31-12-2012 | full format | 17-06-2013 | 2013-18700274 | |
| 31-12-2011 | full format | 20-08-2012 | 2012-42400555 | |
| 31-12-2010 | full format | 22-10-2011 | 2011-58400359 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -226 | -857 | 2,179 | 2,759 | 8,372 | -12,936 | -6,486 | 12,248 | -6,744 | -5,078 | 29,731 | -18,380 | 38,460 | 29,417 | 6,261 | 15,954 | ||
| -374 | -1,068 | 2,104 | 2,665 | 8,290 | -13,033 | -6,404 | 10,914 | -5,985 | -2,738 | 29,661 | -3,326 | 30,785 | 25,612 | 4,642 | 12,126 | ||
| 1,350 | 0 | 0 | 0 | 2,937 | 0 | -128 | 13,870 | 8,917 | 0 | 1,222 | 7,917 | 3,608 | 7,677 | 67,252 | 2,449 | ||
| 117 | -761 | 1,048 | -4,143 | 3,680 | -272 | -219 | - | - | 8,060 | -3,143 | -10,578 | 14,131 | -3,067 | 1,956 | - | ||
| -6,015 | -4,291 | -3,223 | -5,328 | -7,992 | -13,345 | 29,111 | 5,963 | 8,919 | 23,820 | 26,961 | 3,358 | 22,499 | 9,567 | 5,900 | 15,878 | ||
| - | - | - | - | - | - | -58.0% | 7.9% | -11.2% | -7.1% | 7.9% | -23.5% | 9.1% | - | - | - | ||
| -13.9% | -10.4% | -4.7% | -9.3% | -14.1% | -35.4% | 17.2% | 38.3% | 29.6% | 40.5% | 46.0% | 30.8% | 34.6% | 21.0% | 7.1% | 42.0% | ||
| 0.83 | 0.87 | 0.90 | 0.85 | 0.80 | 0.68 | 13.64 | 1.19 | 1.26 | 1.64 | 1.73 | 1.12 | 1.65 | 1.36 | 1.11 | 1.65 | ||
| 0.55 | 0.56 | 0.59 | 0.56 | 0.56 | 0.45 | 9.30 | 0.87 | 0.97 | 1.37 | 1.73 | 1.12 | 1.65 | 1.36 | 1.11 | 1.65 | ||
| - | - | - | - | - | - | 4.80 | 1.61 | 2.37 | 1.47 | 1.17 | 2.24 | 1.89 | 3.75 | 13.12 | 1.38 | ||
| - | - | - | - | - | - | -199.4% | 25.7% | -71.4% | -26.4% | 54.2% | -112.3% | 44.0% | 53.0% | -119.0% | 65.3% | ||
| -3.9% | -5.6% | 5.0% | 6.6% | 16.9% | -56.5% | -34.3% | 9.8% | -21.2% | -10.7% | 24.9% | -34.6% | 15.2% | 11.2% | -8.4% | 27.4% | ||
| -1.52 | -4.06 | 29.25 | 29.16 | over 100 | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | 288 days | 60 days | 82 days | 73 days | 61 days | 25 days | 53 days | - | - | - | ||
| - | - | - | - | - | - | 5 days | 5 days | 18 days | 49 days | 40 days | 6 days | 22 days | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,350 | - | - | - | €2,937 |
| €835 | €587 | €587 | €587 | €2,267 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €1,060, smaller than the loss of €1,444 in 2024.
Equity is negative. Debt (€35,200) exceeds the balance-sheet total (€30,901).
ECONECTIC has no parent and no holdings in its annual accounts. is the only director. ECONECTIC shares no director with another company.
| DEMBELL
registered office since 04-07-2011 · founded in 2011 |
total assets €62,415 (2025) 0837.678.637 |
| Van Belle, Antoine (sole trader)
establishment since 28-11-2022 |
founded in 2022 0794.151.767 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue Falise 18 registered office 1470 Genappe | 18-01-2010 | 2.184.823.149 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25003F0052/00C000 | 1,022 m² | 1 · 108 m² | 9.3 m · 3 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0822.377.678
If something looks wrong or is missing, please tell us.