ELEC MD
ActiveELEC MD has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120k and a net result of €6k. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 85% of 27619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-19
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 3.51 against 3.03 in 2024; short-term debt: 16.1% and cash: 43.4% of total assets), and 19.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80.1%
Return on assets
4.3%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 8 filingsDeviation from the deadline
2025
29 d late
2024
140 d early
2023
41 d early
2022
8 d late
2021
4 d early
2020
40 d early
2019
25 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€120k▲ 0.2%
2024 · €119k
2018: €25k
2019: €49k
2020: €70k
2021: €85k
2022: €91k
2023: €101k
2024: €119k
2018 → 2025
Total assets
€149k▼ 4.8%
2024 · €157k
2018: €172k
2019: €213k
2020: €137k
2021: €140k
2022: €117k
2023: €152k
2024: €157k
2018 → 2025
Net result
€6k▼ 78.6%
2024 · €30k
2018: €16k
2019: €38k
2020: €21k
2021: €15k
2022: €11k
2023: €31k
2024: €30k
2018 → 2025
Working capital
€60k▲ 17.3%
2024 · €52k
2018: €-106k
2019: €-58k
2020: €-13k
2021: €3k
2022: €8k
2023: €3k
2024: €52k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€85k-€91k▲ 6.3%€101k▲ 12.0%€119k▲ 17.9%€120k▲ 0.2%
Operating result€18k-€15k▼ 16.3%€39k▲ 168%€39k▼ 2.1%€9k▼ 76.3%
Net result€15k-€11k▼ 26.9%€31k▲ 175%€30k▼ 3.1%€6k▼ 78.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 76% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €149k
Fixed assets
€65k▼ 19.0%
Current assets
€85k▲ 9.9%
Equity and liabilities €149k
Equity
€120k▲ 0.2%
Debt
€30k▼ 21.0%
The debt ratio falls from 23.9% to 19.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33k▼
2024 · €75k
Cash flow
€30k▼
2024 · €66k
Solvency
80.1%▲
2024 · 76.1%
Current ratio
3.51▲
2024 · 3.03
Quick ratio
3.17▲
2024 · 2.85
Debt / equity
0.25▼
2024 · 0.31
ROE
5.3%▼
2024 · 25.0%
ROA
4.3%▼
2024 · 19.0%
Interest coverage
45.56▼
2024 · 79.72
Debt
€30k▼
2024 · €38k
Debt ≤ 1 year
€24k▼
2024 · €25k
Debt > 1 year
€6k▼
2024 · €12k
Income taxes
€2k▼
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€157k€149k▼
Fixed assets21/28€80k€65k▼
Tangible fixed assets22/27€80k€65k▼
Land and buildings22€19k€16k▼
Plant, machinery and equipment23€2k€7k▲
Furniture and vehicles24€60k€42k▼
Current assets29/58€77k€85k▲
Stocks and contracts in progress3€5k€8k▲
Stocks30/36€5k€8k▲
Amounts receivable within one year40/41€15k€10k▼
Trade receivables40€13k€10k▼
Other amounts receivable41€2k-
Cash at bank and in hand54/58€56k€65k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€157k€149k▼
Equity10/15€119k€120k▲
Contributions10/11€19k€19k=
Reserves13€42k€42k=
Distributable reserves133€42k€42k=
Profit (loss) carried forward14€59k€59k▲
Amounts payable17/49€38k€30k▼
Amounts payable after more than one year17€12k€6k▼
Financial debts170/4€12k€6k▼
Amounts payable within one year42/48€25k€24k▼
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€2k€466▼
Suppliers440/4€2k€466▼
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Other amounts payable47/48€15k€14k▼
Accrued charges and deferred income492/3€204-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€24k▼
Other operating charges640/8€1k€929▼
Gross operating margin9900€76k€34k▼
Operating profit (loss)9901€39k€9k▼
Financial income75/76B€150€13▼
Recurring financial income75€150€13▼
Financial charges65/66B€935€723▼
Recurring financial charges65€935€723▼
Profit (loss) for the period before taxes9903€38k€8k▼
Income taxes67/77€8k€2k▼
Profit (loss) for the period9904€30k€6k▼
Profit (loss) for the period to be appropriated9905€30k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€71k€65k▼
Profit (loss) brought forward from the previous period14P€41k€59k▲
Profit to be distributed694/7€12k€6k▼
Return on contributions (dividend)694€12k€6k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Weakest financial yearnet €6k ▼78.6%
Net result drops to €6k, the lowest in the series.
13-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 3.03
Current ratio from 1.11 to 3.03; short-term debt falls from €32k to €25k.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €101k ▲12%
6 profitable years in a row build equity to €101k.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Highest result since 2018net €38k ▲141%
Operating result €48k, net result €38k, both a record.
22-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Sprimont · 1 establishment unit since 2018
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.
Avenue Bois le Comte(GOM) 244140 SprimontGround area
4,040 m²
Building footprint
196 m²
Parcel 62045A0055/00P004, Wallonia. Linked by address, not a title deed.
1 establishment unit
ELEC MD
since 20182.272.026.149
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62045A0055/00P004 | Wallonia | 4,040 m² | 1 · 195 m² | - |
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.
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,327. 8,758 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-01-2018
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.