ELEC PLUS
ActiveSummary
ELEC PLUS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€40,057) and a net result of €22,140. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 18% of 6159 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+8
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.94 against 0.76 in 2023; short-term debt: 18.9% and cash: 32.1% of total assets), but equity is negative.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-60.2%
Return on assets
33.3%
Age of the figures
21 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 6159 sector peers (2024).
NBB · sector comparisonPosition among 6159 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
16 d early
2023
42 d early
2022
60 d late
2021
54 d early
2020
10 d late
2019
83 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 7 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€22,140▲ 110%
2023 · €10,523
Working capital
€11,812
2023 · -€4,071
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€1,247▼ 78.9%€8,995▲ 621%€4,331▼ 51.9%€10,793▲ 149%€22,331▲ 107%
Net result€708▼ 86.8%€8,593▲ 1,113%€4,045▼ 52.9%€10,523▲ 160%€22,140▲ 110%
Equity-€85,358▲ 0.8%-€76,765▲ 10.1%-€72,721▲ 5.3%-€62,197▲ 14.5%-€40,057▲ 35.6%
Total assets€41,525▲ 12.8%€43,866▲ 5.6%€43,645▼ 0.5%€55,881▲ 28.0%€66,535▲ 19.1%
Debt€126,883▲ 3.3%€120,632▼ 4.9%€116,366▼ 3.5%€118,078▲ 1.5%€106,592▼ 9.7%
Working capital€8,924▲ 162%€10,694▲ 19.8%€2,570▼ 76.0%-€4,071€11,812
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 107% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €66,535
Fixed assets
€42,157 ▼ 1.9%
Current assets
€24,378 ▲ 88.6%
Key figures and ratios
EBITDA
€24,764▲
2023 · €13,016
Cash flow
€24,574▲
2023 · €12,746
Solvency
-60.2%▲
2023 · -111.3%
Current ratio
1.94▲
2023 · 0.76
Debt to equity
-2.66▼
2023 · -1.90
ROA
33.3%▲
2023 · 18.8%
Interest coverage
126.24▲
2023 · 48.08
Debt ≤ 1 year
€12,566▼
2023 · €16,994
Debt > 1 year
€94,026▼
2023 · €101,084
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €815 | €815 | €1,924 | €2,222 | €2,434 | ▲ 9.5% |
| Other operating charges640/8 | - | €5,680 | €6,068 | €6,144 | €7,328 | ▲ 19.3% |
| Gross operating margin9900 | €7,685 | €15,491 | €12,324 | €19,160 | €32,093 | ▲ 67.5% |
| Operating profit (loss)9901 | €1,247 | €8,995 | €4,331 | €10,793 | €22,331 | ▲ 107% |
| Financial income75/76B | - | €1 | - | €1 | €6 | ▲ 496% |
| Recurring financial income75 | €2 | €1 | - | €1 | €6 | ▲ 496% |
| Financial charges65/66B | - | €404 | €287 | €271 | €196 | ▼ 27.5% |
| Recurring financial charges65 | €541 | €404 | €287 | €271 | €196 | ▼ 27.5% |
| Profit (loss) for the period before taxes9903 | €708 | €8,593 | €4,045 | €10,523 | €22,140 | ▲ 110% |
| Profit (loss) for the period9904 | €708 | €8,593 | €4,045 | €10,523 | €22,140 | ▲ 110% |
| Profit (loss) for the period to be appropriated9905 | €708 | €8,593 | €4,045 | €10,523 | €22,140 | ▲ 110% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €41,525 | €43,866 | €43,645 | €55,881 | €66,535 | ▲ 19.1% |
| Fixed assets21/28 | €32,356 | €31,541 | €40,709 | €42,958 | €42,157 | ▼ 1.9% |
| Tangible fixed assets22/27 | €32,356 | €31,541 | €40,709 | €42,958 | €42,157 | ▼ 1.9% |
| Land and buildings22 | - | €28,681 | €28,681 | €28,681 | €28,681 | = |
| Plant, machinery and equipment23 | - | €2,859 | €12,028 | €14,277 | €11,905 | ▼ 16.6% |
| Furniture and vehicles24 | - | - | - | - | €1,571 | - |
| Current assets29/58 | €9,170 | €12,325 | €2,936 | €12,923 | €24,378 | ▲ 88.6% |
| Amounts receivable within one year40/41 | €1,471 | €1,471 | - | - | - | - |
| Trade receivables40 | - | €1,471 | - | - | - | - |
| Current investments50/53 | - | - | - | - | €3,000 | - |
| Cash at bank and in hand54/58 | €7,699 | €10,855 | €2,936 | €12,923 | €21,378 | ▲ 65.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €41,525 | €43,866 | €43,645 | €55,881 | €66,535 | ▲ 19.1% |
| Equity10/15 | -€85,358 | -€76,765 | -€72,721 | -€62,197 | -€40,057 | ▲ 35.6% |
| Contributions10/11 | €57,016 | €57,016 | €57,016 | €57,016 | €57,016 | = |
| Capital10 | - | €57,016 | €57,016 | €57,016 | - | - |
| Issued capital100 | - | €57,016 | €57,016 | €57,016 | - | - |
| Outside capital11 | - | - | - | - | €57,016 | - |
| Other1109/19 | - | - | - | - | €57,016 | - |
| Reserves13 | €13,913 | €13,913 | €13,913 | €13,913 | €13,913 | = |
| Non-distributable reserves130/1 | - | €913 | €913 | €913 | - | - |
| Legal reserve130 | - | €913 | €913 | €913 | - | - |
| Distributable reserves133 | - | €13,000 | €13,000 | €13,000 | €13,913 | ▲ 7.0% |
| Profit (loss) carried forward14 | -€156,286 | -€147,694 | -€143,649 | -€133,126 | -€110,986 | ▲ 16.6% |
| Amounts payable17/49 | €126,883 | €120,632 | €116,366 | €118,078 | €106,592 | ▼ 9.7% |
| Amounts payable after more than one year17 | €126,637 | €119,000 | €116,000 | €101,084 | €94,026 | ▼ 7.0% |
| Financial debts170/4 | - | €116,000 | €113,000 | €98,084 | €91,026 | ▼ 7.2% |
| Other amounts payable178/9 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Amounts payable within one year42/48 | €246 | €1,631 | €366 | €16,994 | €12,566 | ▼ 26.1% |
| Trade debts44 | €246 | €1,631 | €366 | €3,338 | €566 | ▼ 83.0% |
| Suppliers440/4 | - | €1,631 | €366 | €3,338 | €566 | ▼ 83.0% |
| Other amounts payable47/48 | - | - | - | €13,656 | €12,000 | ▼ 12.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €708 | €8,593 | €4,045 | €10,523 | €22,140 | ▲ 110% |
| + Depreciation and write-downs630 | €815 | €815 | €1,924 | €2,222 | €2,434 | ▲ 9.5% |
| Operating cash flow (approximation) | €1,523 | €9,408 | €5,969 | €12,746 | €24,574 | ▲ 92.8% |
| Investment in fixed assets (approximation) | - | €0 | -€11,093 | -€4,471 | -€1,633 | ▲ 63.5% |
| Change in cash | - | €3,156 | -€7,919 | €9,987 | €8,455 | ▼ 15.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €22,140 ▲110%
Operating result €22,331, net result €22,140, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.94
Current ratio from 0.76 to 1.94; short-term debt falls from €16,994 to €12,566.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 10 days late
2020
31-12
Financial
Weakest financial yearnet €708 ▼86.8%
Net result drops to €708, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 37.27
Current ratio from 15.02 to 37.27.
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 83 days late
2019
23-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State 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.
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, Brussel · 1 establishment unit since 1996
Ground area
387 m²
Building footprint
107 m²
Volume, LiDAR
993 m³
Parcel 21819C0094/00A003, Brussels · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ELEC PLUS SPRL
since 19962.077.816.412
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819C0094/00A003 | Brussels | 387 m² | 1 · 107 m² | 14.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
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 and region
AUTODIDACTE
BE 0432.731.153
Brussel
KARDINAAL
BE 0801.252.860
Brussel
A.M.R.A.
BE 0441.127.789
Schaarbeek
A.R.G.I.C. - AUTOMOTIVE REPLACEMENT GLASS IDENTIFICATION CENTER
BE 0450.724.950
Sint-Pieters-Woluwe
ACAPELLA
BE 0448.449.410
Ukkel
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 6,999 companies in sector 96999 we hold annual accounts for 602. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-08-1996
Fiscal year end31-12
Activities, NACEBEL 2025
96999Other personal services
Scores and ratios are computed by Checked and are not a credit decision.