Equity
€14,768 ▲ 76.1%
ELECTEO has made a profit in every financial year since 2022.
ELECTEO
Lifetime
3 annual accounts with figures on one time axispeak €15,945 (2024)
€15,945▲ 89.0%
peak €6,382 (2024)
€6,382▲ 405×
peak €14,768 (2024)
€14,768▲ 76.1%
€147,805▲ 304%
Board1 name since 2021
1 director
Documentsfilings and deeds
19-10-2026445 days late
2024micro format
Turnover from €49,354 to €22,668Gross margin from €8,437 to €15,945Result from €16 to €6,382Equity from €8,386 to €14,768Debts from €36,604 to €147,805Investments €32,458
Key points
from the 2024 annual accountsDebts
€147,805 91% of the balance sheet
Financial debts 17%Suppliers 43%Taxes and wages 9%Other 32%
Of this, €123,340 falls due within a year.
Investments
€39,221 5.8 × depreciation
Green is investment, beige is depreciation.
Payment terms
3,431 days to suppliers
ELECTEO pays its suppliers 3,140 days later than in 2023. Customers pay 1,883 days later.
Filings
3 annual accounts 104 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
9.1%
Lower solvency than 86% of companies in specialised construction. Sector median 46.6% · 36,050 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,250 companies had the same profile as ELECTEO has now. Each dot stands for 4 companies, two years later.
94.4%
were still trading
2.7%
stopped another way
2.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,250 companies, not a prediction for ELECTEO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0776716711
Incorporation
Founding capital of €2,000, 100 shares · Founder: · Appointment: (director) · published on 04-11-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ELECTEO Namur | €22,668 | 39.8% | 9.1% | - |
| BSB Elektro Ghent | - | - | 25.0% | - |
| Elektro-DS Harelbeke | - | - | 8.5% | - |
| ELEKTRO DELESIE Waregem | - | - | 55.8% | - |
| GEOTEX Namur | €213,757 | 5.9% | 22.6% | - |
| MIX ELECTRIC Walcourt | - | - | -4.5% | 1.3 |
| Melvin WILLEMS Sint-Niklaas | - | - | 48.5% | - |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as ELECTEO: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €108,000 and €175,000, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 02-11-2021Normal situation
- Activity
- General electrical installation workNACE 43211and 3 others
- Financial year end
- 31 December
- Peppol
- Reachable since 01-06-2026
Insights on ELECTEO
ELECTEO files the micro format. That format states no turnover. The gross margin rose from €14,223 in 2022 to €15,945 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ELECTEO
- What is the company number of ELECTEO?
- The company number of ELECTEO is 0776.716.711. The VAT number is the same number with BE in front: BE 0776.716.711.
- Where is ELECTEO based?
- The registered office is at Rue Saint-Fiacre 24/01, 5000 Namur.Company details
- What does ELECTEO do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of ELECTEO?
- ELECTEO is a private limited company (BV).
- When was ELECTEO founded?
- ELECTEO was founded on 02-11-2021.
- Is ELECTEO still active?
- Yes, ELECTEO is an active enterprise in the KBO register.
- What is the turnover of ELECTEO?
- The turnover of ELECTEO was €22,668 in financial year 2024, according to the filed annual accounts.Financials
- Is ELECTEO profitable?
- In financial year 2024, ELECTEO made a profit of €6,382.
- Where can I find the annual accounts of ELECTEO?
- ELECTEO filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.