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EL HISSAOUI

Active
Private limited companyfounded 2023active for 3 yearsBaron Arthur Verhaegenlaan 19, 9820 Merelbeke-Melle, BelgiumKBO/BCE: BE 0804.659.045
Summary

The computed 12-month bankruptcy probability of EL HISSAOUI is 10.8% (high). The 2024 annual accounts show equity of €56,033 and a net result of €54,533. Its solvency ranks better than 81% of 35,968 sector peers (NACE 43, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
General electrical installation work
NACE 43211
1 site
Size
€74,794total assets 2024
Equity
€56,033
Profit
€54,533
Turnover not published (micro format)
Financial health
36 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
10.8%
Structure
Accounts filed 30 days late2 of 3 deeds read
Why 36raises risk2 changes of registered office in 24 monthsFigures for financial year 2024 (filed 30-08-2025)Founded in 2023lowers riskLiquidity: current ratio 2.80, cash €27,806Show the evidence

Checked score

Score 2024
36 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 86% of its sector peers (NACE 43, micro)
Financial strength
Strong
Solvency 100
equity 74.9% of total assets
Liquidity 87
short-term debt 25.1% · cash 37.2%
Profitability 100
return on assets 72.9%
Bankruptcy probability, 12 months
10.8% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 9 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,546 companies, NACE 43, micro)
Last 24 months 11-2024: 2.0% 12-2024: 2.4%▲ +0.4 percentage points vs 11-2024 01-2025: 2.4%● unchanged vs 12-2024 02-2025: 2.7%▲ +0.3 percentage points vs 01-2025 03-2025: 5.2%▲ +2.5 percentage points vs 02-2025 04-2025: 5.3%▲ +0.1 percentage points vs 03-2025 05-2025: 5.1%▼ -0.2 percentage points vs 04-2025 06-2025: 5.2%▲ +0.1 percentage points vs 05-2025 07-2025: 5.5%▲ +0.3 percentage points vs 06-2025 08-2025: 5.6%▲ +0.1 percentage points vs 07-2025 09-2025: 1.2%▼ -4.4 percentage points vs 08-2025lowest value 10-2025: 1.2%● unchanged vs 09-2025lowest value 11-2025: 1.2%● unchanged vs 10-2025lowest value 12-2025: 1.2%● unchanged vs 11-2025lowest value 01-2026: 1.2%● unchanged vs 12-2025lowest value 02-2026: 1.2%● unchanged vs 01-2026lowest value 03-2026: 1.2%● unchanged vs 02-2026lowest value 04-2026: 1.5%▲ +0.3 percentage points vs 03-2026 05-2026: 1.7%▲ +0.2 percentage points vs 04-2026 06-2026: 1.7%● unchanged vs 05-2026 07-2026: 1.8%▲ +0.1 percentage points vs 06-2026 08-2026: 6.6%▲ +4.8 percentage points vs 07-2026 09-2026: 7.0%▲ +0.4 percentage points vs 08-2026 10-2026: 10.8%▲ +3.8 percentage points vs 09-2026highest value
Credit of up to €2,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity ample (current ratio 2.8, above the usual 1.5; short-term debt: 25.1% and cash: 37.2% of total assets), and 25.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 81% on solvency, 84% on liquidity and 93% on profitability.

The bankruptcy probability was computed on 14-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · 2 changes of registered office in 24 months
Belgian Official Gazette
raises risk · Figures for financial year 2024 (filed 30-08-2025)
NBB · annual accounts
raises risk · Founded in 2023
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 2.80, cash €27,806
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2024
30 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 30 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Registered office · Other addressesRegistered-office move · Director in…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Registered office · Other addressesRegistered-office move · Director in…

Key points

  • Positive: Among the best 12% on net resultsector median €9,460 · 35,938 companies €54,533 View
  • Total assets 2024first financial year filed €74,794 View
  • Active since 2023founded 08-08-2023 3 years View

By topic

Financials

Financial year
2024
Total assets
€74,794
Profit
€54,533
Solvency
74.9%
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
General electrical installation workNACE 43211
Founded
08-08-2023
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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