ELECON PROJECTS
ActiveSummary
ELECON PROJECTS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€44,725) and a net result of -€18,371. Equity is shrinking by ~24.1% per year across the filed fiscal years. Its solvency ranks better than 10% of 7564 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15▼-35
Solvency18▼-4
Growth58=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.14 against 1.11 in 2024; short-term debt: 78.4% and cash: 1.1% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
-6.6%
Return on assets
-2.7%
Age of the figures
15 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€44,725
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
2 d early
2024
3 d early
2023
6 d early
2022
1 d early
2021
14 d late
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€44,725▼ 64.5%
2024 · -€27,195
Total assets
€678,365▼ 21.5%
2024 · €863,765
Net result
-€18,371
2024 · €36,446
Working capital
€74,020▼ 6.0%
2024 · €78,704
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
Line20212022202320242025
Operating result-€10,303▼ 201%-€11,159▼ 8.3%€1,340€63,717▲ 4,656%-€18,639
Net result-€15,544▼ 112%-€19,726▼ 26.9%-€13,434▲ 31.9%€36,446-€18,371
Equity-€30,481▼ 104%-€50,207▼ 64.7%-€63,641▼ 26.8%-€27,195▲ 57.3%-€44,725▼ 64.5%
Total assets€768,706▲ 80.5%€938,982▲ 22.2%€1.1m▲ 12.4%€863,765▼ 18.2%€678,365▼ 21.5%
Debt€799,187▲ 81.3%€989,189▲ 23.8%€1.1m▲ 13.1%€890,960▼ 20.4%€723,090▼ 18.8%
Working capital€387,037▲ 241%€460,233▲ 18.9%€500,990▲ 8.9%€78,704▼ 84.3%€74,020▼ 6.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2021 Total assets +80% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €18,639 after €63,717 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €678,365
Fixed assets
€72,255 ▼ 15.1%
Current assets
€606,110 ▼ 22.2%
Key figures and ratios
EBITDA
-€812▼
2024 · €84,460
Cash flow
-€545▼
2024 · €57,189
Solvency
-6.6%▼
2024 · -3.1%
Current ratio
1.14▲
2024 · 1.11
Quick ratio
0.02▼
2024 · 0.50
Debt to equity
-16.17▲
2024 · -32.76
ROA
-2.7%▼
2024 · 4.2%
Interest coverage
-5.82▼
2024 · 3.09
Debt ≤ 1 year
€532,090▼
2024 · €699,960
Debt > 1 year
€191,000=
2024 · €191,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,170 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- negative equity
- a small loss
1.7%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 1,170 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,212 | €37,137 | €30,554 | €20,743 | €17,827 | ▼ 14.1% |
| Other operating charges640/8 | - | €568 | €603 | €884 | €1,186 | ▲ 34.1% |
| Gross operating margin9900 | €23,609 | €26,547 | €32,496 | €85,344 | €374 | ▼ 99.6% |
| Operating profit (loss)9901 | -€10,303 | -€11,159 | €1,340 | €63,717 | -€18,639 | ▼ 129% |
| Financial income75/76B | - | €167 | €273 | €82 | €408 | ▲ 400% |
| Recurring financial income75 | €890 | €167 | €273 | €82 | €408 | ▲ 400% |
| Financial charges65/66B | - | €8,735 | €15,047 | €27,352 | €140 | ▼ 99.5% |
| Recurring financial charges65 | €6,131 | €8,735 | €15,047 | €27,352 | €140 | ▼ 99.5% |
| Profit (loss) for the period before taxes9903 | -€15,544 | -€19,726 | -€13,434 | €36,446 | -€18,371 | ▼ 150% |
| Profit (loss) for the period9904 | -€15,544 | -€19,726 | -€13,434 | €36,446 | -€18,371 | ▼ 150% |
| Profit (loss) for the period to be appropriated9905 | -€15,544 | -€19,726 | -€13,434 | €36,446 | -€18,371 | ▼ 150% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €768,706 | €938,982 | €1.1m | €863,765 | €678,365 | ▼ 21.5% |
| Fixed assets21/28 | €139,190 | €106,923 | €76,369 | €85,101 | €72,255 | ▼ 15.1% |
| Tangible fixed assets22/27 | €139,190 | €106,923 | €76,369 | €85,101 | €72,255 | ▼ 15.1% |
| Plant, machinery and equipment23 | - | €106,923 | €76,369 | €85,101 | €72,255 | ▼ 15.1% |
| Current assets29/58 | €629,516 | €832,060 | €979,051 | €778,664 | €606,110 | ▼ 22.2% |
| Stocks and contracts in progress3 | €605,454 | €813,733 | €973,565 | €425,993 | €593,010 | ▲ 39.2% |
| Stocks30/36 | - | €813,733 | €973,565 | €425,993 | €593,010 | ▲ 39.2% |
| Amounts receivable within one year40/41 | €15,735 | €8,713 | €1,760 | €825 | €4,940 | ▲ 499% |
| Other amounts receivable41 | - | €8,713 | €1,760 | €825 | €4,940 | ▲ 499% |
| Cash at bank and in hand54/58 | €6,724 | €7,940 | €3,015 | €351,581 | €7,776 | ▼ 97.8% |
| Deferred charges and accrued income490/1 | - | €1,673 | €710 | €265 | €384 | ▲ 45.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €768,706 | €938,982 | €1.1m | €863,765 | €678,365 | ▼ 21.5% |
| Equity10/15 | -€30,481 | -€50,207 | -€63,641 | -€27,195 | -€44,725 | ▼ 64.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€49,081 | -€68,807 | -€82,241 | -€45,795 | -€63,325 | ▼ 38.3% |
| Amounts payable17/49 | €799,187 | €989,189 | €1.1m | €890,960 | €723,090 | ▼ 18.8% |
| Amounts payable after more than one year17 | €556,708 | €617,363 | €641,000 | €191,000 | €191,000 | = |
| Financial debts170/4 | - | €496,363 | €520,000 | €70,000 | €70,000 | = |
| Other amounts payable178/9 | - | €121,000 | €121,000 | €121,000 | €121,000 | = |
| Amounts payable within one year42/48 | €242,479 | €371,827 | €478,061 | €699,960 | €532,090 | ▼ 24.0% |
| Trade debts44 | €21,231 | €3,434 | €1,664 | €29,167 | €8,038 | ▼ 72.4% |
| Suppliers440/4 | - | €3,434 | €1,664 | €29,167 | €8,038 | ▼ 72.4% |
| Taxes, remuneration and social security45 | - | - | - | €142,892 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €142,892 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €368,393 | €476,397 | €527,901 | €524,052 | ▼ 0.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,544 | -€19,726 | -€13,434 | €36,446 | -€18,371 | ▼ 150% |
| + Depreciation and write-downs630 | €33,212 | €37,137 | €30,554 | €20,743 | €17,827 | ▼ 14.1% |
| Operating cash flow (approximation) | €17,668 | €17,411 | €17,120 | €57,189 | -€545 | ▼ 101% |
| Investment in fixed assets (approximation) | - | -€4,870 | €0 | -€29,475 | -€4,981 | ▲ 83.1% |
| Change in cash | - | €1,216 | -€4,925 | €348,566 | -€343,805 | ▼ 199% |
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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €36,446
Net result €36,446 after 5 loss-making years.
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 14 days late
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Lochristi · 1 establishment unit since 2017
Ground area
1,593 m²
Building footprint
244 m²
Volume, LiDAR
1,446 m³
Parcel 44034C0619/00B000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Elecon Projects BVBA
since 20172.266.810.222
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44034C0619/00B000 | Flanders | 1,593 m² | 1 · 244 m² | 8.2 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 623 EUR awarded · 623 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 383 EUR | 383 EUR |
| 2022 | 1 | 240 EUR | 240 EUR |
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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 29,787 companies in sector 41001 we hold annual accounts for 16,042. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-07-2017
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
46831Wholesale of construction materials, general range
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0678641494
Registered
16-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.