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ELDEC

Open bankruptcy
Private limited company (pre-2019)founded 2011Kromstraat 64C, 2520 Ranst, BelgiumKBO/BCE: BE 0833.617.802

A bankruptcy procedure is open for ELDEC according to publications in the Belgian Official Gazette; trustee: Thomas Niclaes.

Summary

The 2020 annual accounts show negative equity (-€14,947) and a net result of -€12,846.

ELDECOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

The procedure

Court
Enterprise Court of Antwerp, Antwerp division
Declared bankrupt
28 April 2022
Supervising judge
Thomas Saverys
Official Gazette
04-05-2022 (pdf) ↗search the document for 2022/115942

Deadlines

Provisional date payments stopped
28 April 2022A later judgment can change the date.art. XX.105, Code of Economic Law
Appeal or third-party opposition until
passed on 19 May 2022Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
File the claim in RegSol, the Belgian insolvency register, until
passed on 28 May 2022art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 24 June 2022Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
Late claim until
passed on 28 April 2023A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law

Trustee

What to do now

  1. The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
  2. Ask the trustee whether anything will still be paid out and whether your claim was admitted.
  3. Follow the file in RegSol: the trustee's reports appear there.
  4. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.

The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.

View the file in RegSol ↗ Follow Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company

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Overview

Activity
General electrical installation work
NACE 43211
1 site
Size
≈ €480,000turnover 2020, estimated
Staff
3 FTE
Equity
-€14,947
Loss
-€12,846
Turnover estimated from the gross margin
Financial health
Open bankruptcy: no score
Structure
2 deeds in the Belgian Official Gazette
Signalsraises riskOpen bankruptcyShow the evidence

Signals

1 signal.
raises risk
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Supervising judge replacedEnterprise Court of Antwerp, Antwerp…
  2. OpeningEnterprise Court of Antwerp, Antwerp…
  3. Annual accounts filedfinancial year 2020 · abbreviated…

Financials · financial year 2020, abbreviated format

2020 annual accounts filed late (111 days) Filed on 19 November 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-77700467.

Turnover
≈ €480,000
Estimated: probably between €360,000 and €590,000
Total assets
€451,362▲ 3.6%
2019 · €435,702
Net result
-€12,846▲ 71.8%
2019 · -€45,590
Working capital
€91,360
2019 · -€4,048
Trend over the years

2018 to 2020, 3 financial years 2018 to 2020, 3 financial years

The operating result stays negative: a loss of €8,926 in 2020 against €40,430 in 2019; the loss shrinks.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€8,926 2020 Net result-€12,846 2020

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line201820192020
Operating result-€8,546--€40,430▼ 373%-€8,926▲ 77.9%
Net result-€4,731--€45,590▼ 864%-€12,846below the sector's middle half▲ 71.8%
Equity€43,490--€2,100-€14,947below the sector's middle half▼ 612%
Total assets€357,205-€435,702▲ 22.0%€451,362within the sector's middle half▲ 3.6%
Debt€313,716-€437,803▲ 39.6%€466,309▲ 6.5%
Working capital€31,077--€4,048€91,360within the sector's middle half
Solvency12.2%--0.5%▼ 12.7pp-3.3%below the sector's middle half▼ 2.8pp
Current ratio1.10-0.99▼ 0.111.26within the sector's middle half▲ 0.26
Return on assets (ROA)-1.3%--10.5%▼ 9.1pp-2.8%below the sector's middle half▲ 7.6pp
Staff (FTE)4.2-4.4▲ 4.8%3within the sector's middle half▼ 31.8%
above within below the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €451,362
Fixed assets €2,169 ▲ 11.4%
Current assets €449,193 ▲ 3.6%
Equity and liabilities
Equity-€14,947
Debt€466,309
Equity is negative: debt (€466,309) exceeds the balance-sheet total (€451,362).
Key figures and ratios
2020 value · change against 2019
EBITDA
-€8,487▲
2019 · -€39,791
Cash flow
-€12,407▲
2019 · -€44,951
Quick ratio
1.06▲
2019 · 0.82
Debt ≤ 1 year
€357,834▼
2019 · €437,803
Debt > 1 year
€108,289
Income taxes
€283▼
2019 · €365
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2020 against 2019 · 26 lines
Balance sheet Code20192020
Assets
Total assets20/58€435,702€451,362▲
Fixed assets21/28€1,947€2,169▲
Tangible fixed assets22/27€633€855▲
Financial fixed assets28€1,315€1,315=
Current assets29/58€433,755€449,193▲
Stocks and contracts in progress3€73,028€71,500▼
Amounts receivable within one year40/41€235,090€334,017▲
Cash at bank and in hand54/58€68,857€22,748▼
Equity and liabilities
Total equity and liabilities10/49€435,702€451,362▲
Equity10/15-€2,100-€14,947▼
Contributions10/11€12,400-
Reserves13€1,860€1,860=
Profit (loss) carried forward14-€16,360-€29,207▼
Amounts payable17/49€437,803€466,309▲
Amounts payable after more than one year17-€108,289
Amounts payable within one year42/48€437,803€357,834▼
Trade debts44€299,918€313,077▲
Income statement Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€639€439▼
Gross operating margin9900€262,452€170,592▼
Operating profit (loss)9901-€40,430-€8,926▲
Recurring financial income75€910€72▼
Recurring financial charges65€5,705€3,710▼
Profit (loss) for the period before taxes9903-€45,225-€12,564▲
Income taxes67/77€365€283▼
Profit (loss) for the period9904-€45,590-€12,846▲
Profit (loss) for the period to be appropriated9905-€45,590-€12,846▲
Line201820192020Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,711€639€439▼ 31.3%
Gross operating margin9900€229,285€262,452€170,592▼ 35.0%
Operating profit (loss)9901-€8,546-€40,430-€8,926▲ 77.9%
Recurring financial income75€7,825€910€72▼ 92.0%
Recurring financial charges65€3,688€5,705€3,710▼ 35.0%
Profit (loss) for the period before taxes9903-€4,409-€45,225-€12,564▲ 72.2%
Income taxes67/77€323€365€283▼ 22.5%
Profit (loss) for the period9904-€4,731-€45,590-€12,846▲ 71.8%
Profit (loss) for the period to be appropriated9905-€4,731-€45,590-€12,846▲ 71.8%
Line201820192020Change
Assets
Total assets20/58€357,205€435,702€451,362▲ 3.6%
Fixed assets21/28€12,413€1,947€2,169▲ 11.4%
Tangible fixed assets22/27€11,099€633€855▲ 35.1%
Financial fixed assets28€1,315€1,315€1,315=
Current assets29/58€344,792€433,755€449,193▲ 3.6%
Stocks and contracts in progress3€31,483€73,028€71,500▼ 2.1%
Amounts receivable within one year40/41€296,011€235,090€334,017▲ 42.1%
Cash at bank and in hand54/58€1,853€68,857€22,748▼ 67.0%
Equity and liabilities
Total equity and liabilities10/49€357,205€435,702€451,362▲ 3.6%
Equity10/15€43,490-€2,100-€14,947▼ 612%
Contributions10/11€12,400€12,400--
Reserves13€1,860€1,860€1,860=
Profit (loss) carried forward14€29,230-€16,360-€29,207▼ 78.5%
Amounts payable17/49€313,716€437,803€466,309▲ 6.5%
Amounts payable after more than one year17--€108,289-
Amounts payable within one year42/48€313,716€437,803€357,834▼ 18.3%
Trade debts44€167,700€299,918€313,077▲ 4.4%
Line201820192020Change
Profit (loss) for the period9904-€4,731-€45,590-€12,846▲ 71.8%
+ Depreciation and write-downs630€5,711€639€439▼ 31.3%
Operating cash flow (approximation)€980-€44,951-€12,407▲ 72.4%
Investment in fixed assets (approximation)-€9,827-€661-
Change in cash-€67,004-€46,109-

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

Download as CSV

Filings with the National Bank (10)
Financial year Type Filed Reference
31-12-2020 abbreviated format 19-11-2021 2021-77700467
31-12-2019 micro format 27-07-2020 2020-37700490
31-12-2018 micro format 26-08-2019 2019-50500055
31-12-2017 micro format 27-08-2018 2018-53400497
31-12-2016 micro format 06-07-2017 2017-28700078
31-12-2015 abbreviated format 28-06-2016 2016-23700095
31-12-2014 abbreviated format 22-09-2015 2015-59800236
31-12-2013 abbreviated format 26-08-2014 2014-47500404
31-12-2012 abbreviated format 25-07-2013 2013-36200495
31-12-2011 abbreviated format 21-09-2012 2012-57300157

Similar companies · same sector, comparable size

Of the 22,640 active companies whose main activity is general electrical installation work (NACE 43211), figures are known for 10,554. 1,663 are within a factor 10 of this headcount. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 2 Gazette acts processed. See the directors and other office holders in the KBO →

Insolvency mandates

1 mandate
Role Name Tenure
Trustee Thomas Niclaes
Brusselstraat 7, 2000 Antwerpen 1
28-04-2022 → present

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 8 February 2011, ELDEC was incorporated.1 Total assets went from €357,205 in 2018 to €451,362 in 2020 and headcount from 4.2 to 3 full-time equivalents.2 The company was declared bankrupt on 28 April 2022.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2020
  3. 3Belgian Official Gazette, 04-05-2022

Acts, filings and financial milestones

2026
10-04
Bankruptcy Supervising judge replaced
Enterprise Court of Antwerp, Antwerp division · judgment of 31-03-2026
2022
04-05
Bankruptcy Opening
Enterprise Court of Antwerp, Antwerp division · judgment of 28-04-2022
2021
19-11
NBB filing Annual accounts filed
financial year 2020 · abbreviated format · 111 days late
2020
27-07
NBB filing Annual accounts filed
financial year 2019 · micro format
2019
31-12
Financial Weakest financial yearnet -€45,590
Net result drops to -€45,590, the lowest in the series.
26-08
NBB filing Annual accounts filed
financial year 2018 · micro format · 26 days late
2018
27-08
NBB filing Annual accounts filed
financial year 2017 · micro format · 27 days late
2017
06-07
NBB filing Annual accounts filed
financial year 2016 · micro format
2016
28-06
NBB filing Annual accounts filed
financial year 2015 · abbreviated format
2015
22-09
NBB filing Annual accounts filed
financial year 2014 · abbreviated format · 53 days late
2014
26-08
NBB filing Annual accounts filed
financial year 2013 · abbreviated format · 26 days late
2013
25-07
NBB filing Annual accounts filed
financial year 2012 · abbreviated format
2012
21-09
NBB filing Annual accounts filed
financial year 2011 · abbreviated format · 52 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 2 deeds read
About the unread acts

We know of 2 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Opening faillissement

ELDEC is in the KBO register with the legal situation: opening faillissement.

Legal situation
Opening faillissement
Last annual accounts
financial year to 31 December 2020
Legal form
Private limited company (pre-2019)
Active since
8 February 2011
Official KBO record

Register details

Identification
Legal formPrivate limited company (pre-2019)
Founded08-02-2011
Financial year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

Register as of 30 October 2026 · Peppol Directory

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

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Ranst · 1 establishment unit since 2011
registered office establishment The establishment unit on the map
Ground area
7,020 m²
Building footprint
2,459 m²
Building volume
16,270 m³
Parcel 11035B0145/00C004, Flanders · tallest building 7.6 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Kromstraat 64c, 2520 Ranst
General electrical installation work
since 2011unit no. 2.197.144.228
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
11035B0145/00C004 Flanders 7,020 m² 1 · 2,459 m² 7.6 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.