ELEC SERVICES
ActiveSummary
The computed 12-month bankruptcy probability of ELEC SERVICES is 3.3% (moderate). The 2025 annual accounts show equity of €17,982 and a net result of -€3,315. Equity is growing by ~19.3% per year across the filed fiscal years. Its solvency ranks better than 28% of 28184 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability13▼-61
Solvency51▼-12
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.44 against 1.57 in 2024; short-term debt: 33.1% and cash: 10.3% of total assets), and 73.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
26.5%
Return on assets
-4.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
29 d early
2022
55 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€17,982▼ 15.6%
2024 · €21,297
Total assets
€67,956▲ 21.3%
2024 · €56,028
Net result
-€3,315
2024 · €2,502
Working capital
€9,930▼ 49.4%
2024 · €19,639
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
Line2022202320242025
Operating result€1,491-€18,586▲ 1,147%€3,485▼ 81.2%-€3,275
Net result€1,198-€14,597▲ 1,118%€2,502▼ 82.9%-€3,315
Equity€4,198-€18,795▲ 348%€21,297▲ 13.3%€17,982▼ 15.6%
Total assets€9,385-€28,595▲ 205%€56,028▲ 95.9%€67,956▲ 21.3%
Debt€5,187-€9,800▲ 88.9%€34,732▲ 254%€49,974▲ 43.9%
Working capital€4,198-€15,825▲ 277%€19,639▲ 24.1%€9,930▼ 49.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3,275 after €3,485 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67,956
Fixed assets
€35,564 ▲ 2,046%
Current assets
€32,392 ▼ 40.4%
Equity and liabilities €67,956
Equity
€17,982 ▼ 15.6%
Debt
€49,974 ▲ 43.9%
Debt's share of the balance-sheet total rises from 62.0% to 73.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€78▼
2024 · €6,389
Cash flow
€38▼
2024 · €5,406
Current ratio
1.44▼
2024 · 1.57
Debt to equity
2.78▲
2024 · 1.63
ROE
-18.4%▼
2024 · 11.7%
ROA
-4.9%▼
2024 · 4.5%
Interest coverage
0.10▼
2024 · 55.15
Debt ≤ 1 year
€22,462▼
2024 · €34,732
Debt > 1 year
€27,512
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,270 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 93% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
3.6%
went bankrupt
2.0%
stopped otherwise
93%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,270 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,980 | €2,904 | €3,353 | ▲ 15.5% |
| Other operating charges640/8 | €348 | €734 | €1,157 | €660 | ▼ 43.0% |
| Gross operating margin9900 | €1,839 | €21,300 | €7,547 | €738 | ▼ 90.2% |
| Operating profit (loss)9901 | €1,491 | €18,586 | €3,485 | -€3,275 | ▼ 194% |
| Financial income75/76B | €49 | €182 | €396 | €736 | ▲ 85.8% |
| Recurring financial income75 | €49 | €182 | €396 | €736 | ▲ 85.8% |
| Financial charges65/66B | €10 | €65 | €116 | €775 | ▲ 569% |
| Recurring financial charges65 | €10 | €65 | €116 | €775 | ▲ 569% |
| Profit (loss) for the period before taxes9903 | €1,530 | €18,703 | €3,766 | -€3,315 | ▼ 188% |
| Income taxes67/77 | €332 | €4,106 | €1,264 | - | - |
| Profit (loss) for the period9904 | €1,198 | €14,597 | €2,502 | -€3,315 | ▼ 232% |
| Profit (loss) for the period to be appropriated9905 | €1,198 | €14,597 | €2,502 | -€3,315 | ▼ 232% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €9,385 | €28,595 | €56,028 | €67,956 | ▲ 21.3% |
| Fixed assets21/28 | - | €2,970 | €1,658 | €35,564 | ▲ 2,046% |
| Tangible fixed assets22/27 | - | €2,970 | €1,658 | €35,564 | ▲ 2,046% |
| Plant, machinery and equipment23 | - | - | €1,163 | €632 | ▼ 45.6% |
| Furniture and vehicles24 | - | €2,970 | €495 | €34,932 | ▲ 6,957% |
| Current assets29/58 | €9,385 | €25,625 | €54,371 | €32,392 | ▼ 40.4% |
| Amounts receivable within one year40/41 | €7,600 | €23,940 | €48,797 | €25,226 | ▼ 48.3% |
| Trade receivables40 | €5,635 | €18,868 | €39,168 | €670 | ▼ 98.3% |
| Other amounts receivable41 | €1,965 | €5,072 | €9,629 | €24,556 | ▲ 155% |
| Cash at bank and in hand54/58 | €1,785 | €1,685 | €5,553 | €6,971 | ▲ 25.5% |
| Deferred charges and accrued income490/1 | - | - | €21 | €195 | ▲ 845% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €9,385 | €28,595 | €56,028 | €67,956 | ▲ 21.3% |
| Equity10/15 | €4,198 | €18,795 | €21,297 | €17,982 | ▼ 15.6% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €1,198 | €15,795 | €18,297 | €14,982 | ▼ 18.1% |
| Amounts payable17/49 | €5,187 | €9,800 | €34,732 | €49,974 | ▲ 43.9% |
| Amounts payable after more than one year17 | - | - | - | €27,512 | - |
| Financial debts170/4 | - | - | - | €27,512 | - |
| Amounts payable within one year42/48 | €5,187 | €9,800 | €34,732 | €22,462 | ▼ 35.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14,711 | - |
| Trade debts44 | €1,261 | €2,110 | €22,989 | €5,110 | ▼ 77.8% |
| Suppliers440/4 | €1,261 | €2,110 | €22,989 | €5,110 | ▼ 77.8% |
| Advances received on contracts in progress46 | - | - | €4,900 | - | - |
| Taxes, remuneration and social security45 | €1,900 | €7,690 | €6,843 | €2,641 | ▼ 61.4% |
| Taxes450/3 | €1,900 | €7,690 | €6,843 | €2,641 | ▼ 61.4% |
| Other amounts payable47/48 | €2,026 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,198 | €14,597 | €2,502 | -€3,315 | ▼ 232% |
| + Depreciation and write-downs630 | - | €1,980 | €2,904 | €3,353 | ▲ 15.5% |
| Operating cash flow (approximation) | €1,198 | €16,577 | €5,406 | €38 | ▼ 99.3% |
| Investment in fixed assets (approximation) | - | - | -€1,592 | -€37,259 | ▼ 2,241% |
| Change in cash | - | -€100 | €3,868 | €1,418 | ▼ 63.4% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€3,315
Net result drops to -€3,315, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €14,597 ▲1,118%
Operating result €18,586, net result €14,597, both a record.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tournai · 1 establishment unit since 2022
Ground area
7,395 m²
Building footprint
612 m²
Volume, LiDAR
8,113 m³
Parcel 57462B0206/00Y003, Wallonia · tallest building 15.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ELEC SERVICES
since 20222.338.002.282
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57462B0206/00Y003 | Wallonia | 7,395 m² | 1 · 612 m² | 15.5 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.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 6,979 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0792819503
Registered
04-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.