EGELEC
ActiveSummary
For EGELEC, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €75k and a net result of €-3k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 77% of 33677 sector peers (fiscal year 2023). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability15▲+15
Solvency95▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← 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 2023Solvency, return and age of the figures
Solvency
69.6%
Return on assets
-2.8%
Age of the figures
33 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
61 d late
2022
267 d late
2021
86 d late
2020
89 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€75k▼ 3.8%
2022 · €78k
2018: €73k
2019: €81k
2020: €98k
2021: €95k
2022: €78k
2018 → 2023
Total assets
€108k▲ 16.0%
2022 · €93k
2018: €168k
2019: €148k
2020: €140k
2021: €112k
2022: €93k
2018 → 2023
Net result
€-3k▲ 82.2%
2022 · €-17k
2018: €24k
2019: €9k
2020: €16k
2021: €-3k
2022: €-17k
2018 → 2023
Working capital
€69k▼ 1.0%
2022 · €70k
2018: €65k
2019: €78k
2020: €84k
2021: €84k
2022: €70k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€81k-€98k▲ 20.1%€95k▼ 3.0%€78k▼ 17.6%€75k▼ 3.8%
Operating result€13k-€17k▲ 32.8%€-6k€-7k▼ 17.3%€-3k▲ 63.2%
Net result€9k-€16k▲ 87.4%€-3k€-17k▼ 461%€-3k▲ 82.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2023 against €7k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €108k
Fixed assets
€6k ▼ 26.4%
Current assets
€101k ▲ 20.4%
Equity and liabilities €108k
Equity
€75k ▼ 3.8%
Debt
€33k ▲ 120%
Debt's share of the balance-sheet total rises from 16.0% to 30.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-269▲
2022 · €-5k
Cash flow
€-671▲
2022 · €-14k
Current ratio
3.13▼
2022 · 5.78
Quick ratio
3.05▼
2022 · 5.62
Debt to equity
0.44▲
2022 · 0.19
ROE
-4.0%▲
2022 · -21.4%
ROA
-2.8%▲
2022 · -18.0%
Interest coverage
-0.08▲
2022 · -1.87
Debt ≤ 1 year
€32k▲
2022 · €15k
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 · 2023 against 2022 · 43 lines
Balance sheet
Code20222023
Assets
Total assets20/58€93k€108k▲
Fixed assets21/28€9k€6k▼
Tangible fixed assets22/27€5k€3k▼
Plant, machinery and equipment23€5k€3k▼
Financial fixed assets28€3k€3k=
Current assets29/58€84k€101k▲
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Amounts receivable within one year40/41€81k€99k▲
Trade receivables40€21k€31k▲
Other amounts receivable41€61k€68k▲
Deferred charges and accrued income490/1€197€197=
Equity and liabilities
Total equity and liabilities10/49€93k€108k▲
Equity10/15€78k€75k▼
Contributions10/11€19k€19k=
Reserves13€59k€56k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€1k€1k=
Distributable reserves133€56k€53k▼
Amounts payable17/49€15k€33k▲
Amounts payable within one year42/48€15k€32k▲
Financial debts43€12k€29k▲
Credit institutions430/8€12k€29k▲
Trade debts44€3k€3k▲
Suppliers440/4€3k€3k▲
Accrued charges and deferred income492/3€348€348=
Income statement
Code20222023
Remuneration, social security and pensions62€267-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€13€239▲
Gross operating margin9900€-4k€-30▲
Operating profit (loss)9901€-7k€-3k▲
Financial income75/76B€5k€3k▼
Recurring financial income75€5k€3k▼
Non-recurring financial income76B-€2
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-4k€-3k▲
Income taxes67/77€12k-
Profit (loss) for the period9904€-17k€-3k▲
Profit (loss) for the period to be appropriated9905€-17k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-3k▲
Transfer from equity791/2€17k€3k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
23-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 267 days late
2022
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 86 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
05-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 127 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
14-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 136 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
24-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 24 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, Namur · 1 establishment unit since 1991
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.
Rue du Saucy(TX) 375020 NamurGround area
2,912 m²
Building footprint
136 m²
Volume, LiDAR
863 m³
Parcel 92123C0251/00E000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Saucy(TX) 37, 5020 Namur
since 19912.055.122.469
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92123C0251/00E000 | Wallonia | 2,912 m² | 1 · 136 m² | 7.9 m · 2 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
Smeets Technics
BE 0848.704.270
Hasselt · Eq €74,923
Nor Group
BE 0792.727.550
Schoten · Eq €74,888
bdb concepts
BE 0478.503.374
Antwerpen · Eq €74,885
ELEKTRICITEIT VANNESTE
BE 0835.448.330
Beernem · Eq €74,881
Engineering Services Daniels
BE 0665.933.011
Lubbeek · Eq €74,841
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,796 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
Founded01-08-1991
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
95220Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
43240Other construction installation
47540Retail sale of electrical household appliances
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.