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ELECTEO

Active
Private limited company·Algemene elektrotechnische installatiewerken· 4 yrs active
Rue Saint-Fiacre 24/01 ·5000 Namur, Belgium
KBO/BCE: BE 0776.716.711
Watch Print / PDF
Age4 yrs
Real estate1 parcel · 240 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of ELECTEO is 4.1% (elevated). The 2023 annual accounts show equity of €8k and a net result of €16. Its solvency ranks better than 25% of 9099 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
4.1% Elevated
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Consistently profitable
Positive net result in the two most recent financial years (2022 and 2023).
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Annual accounts not filed
The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 377 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 19-12-2024, 141 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 19-12-2024 141 d late 2024-00626035
31-12-2022 31-07-2023 01-11-2023 93 d late 2023-00505042

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

Turnover€49k
EBIT margin0.2%
Net result€16-99.8%
Working capital€-6k-153.8%

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 19-12-2024 with the NBB · fiscal year 2023 · micro
€0€20k€40kOperating result 2022: €9k€9kNet result 2022: €6k€6kRevenue 2023: €49k€49kOperating result 2023: €87€87Net result 2023: €16€1620222023
RevenueOperating resultNet result
Sector comparison
Fiscal year 2023 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 18.6% 38.7%
better than 25% of 9099 sector peers
Net result €16 €12k
better than 20% of 9084 sector peers
Equity €8k €30k
better than 20% of 9105 sector peers
Gross operating margin €8k €33k
better than 19% of 9074 sector peers
Total assets €45k €89k
better than 25% of 9100 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€49k
- 22-23
EBITDA
€8k
-35.5% 22-23
Net profit
€16
-99.8% 22-23
Cash flow
€8k
-22.5% 22-23
Total assets
€45k
+169.3% 22-23
Equity
€8k
+0.2% 22-23
Working capital
€-6k
-153.8% 22-23
Income taxes
€18
-99.2% 22-23
Debt
€37k
+339.1% 22-23
Debt ≤ 1y
€37k
+339.1% 22-23
Current ratio
0.83
+17.0% 22-23
Quick ratio
0.83
+17.0% 22-23
Solvency
18.6%
-62.8% 22-23
Debt / equity
4.36
+338.3% 22-23
ROE
0.2%
-99.8% 22-23
ROA
0.0%
-99.9% 22-23
Net margin
0.0%
- 22-23
EBITDA margin
15.9%
- 22-23
Interest coverage
148.64
-78.1% 22-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue€49k
EBITDA€8k
Net profit€16
Cash flow€8k
Staff costs-
Income taxes€18
Dividends-
Total assets€45k
Equity€8k
Debt€37k
of which ≤ 1y€37k
of which > 1y-
Working capital€-6k
Employees (FTE)-
Ratios (computed)
2023
Current ratio0.83
Quick ratio0.83
Working capital ratio-13.5%
Solvency18.6%
Debt / equity4.36
Long-term debt ratio-
Interest coverage148.64
Gross margin17.1%
Net margin0.0%
ROA0.0%
ROE0.2%
EBITDA margin15.9%
Days sales outstanding66d
Days payable outstanding291d
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€45k
Fixed assets 21/28€14k
Tangible fixed assets 22/27€14k
Current assets 29/58€31k
Amounts receivable within one year 40/41€29k
Cash & bank 54/58€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€45k
Equity 10/15€8k
Contributions / capital 10/11€2k
Accumulated profits (losses) 14€6k
Amounts payable 17/49€37k
Amounts payable within one year 42/48€37k
Trade debts payable within one year 44€33k
Income statement
Turnover 70€49k
Gross operating margin 9900€8k
Operating result 9901€87
Financial charges 65€53
Result before taxes 9903€34
Income taxes 67/77€18
Net result for the period 9904€16
Result to be appropriated 9905€16
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
49 / 100 Fair
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Locations & real estate

Registered office

from the Crossroads Bank
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.

Rue Saint-Fiacre 24/015000 Namur
Parcels1
Ground area240 m²
Buildings1
Building footprint13 m²
Volume (LiDAR)14 m³
Tallest building4.6 m

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92094B0235/00T000 Wallonia 240 m² 1 · 13 m² 4.6 m
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health49Profitability35Solvency20Growth52Stability94
50 / 100

Mixed profile: strong on stability, weaker on solvency.

All 5 axes are computed from data Checked has read.

Health 49
Profitability 35
Solvency 20
Growth 52
Stability 94

Ask AI about this company

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AI due-diligence brief

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 3,225 of the 22,768 companies in this sector. 2,244 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Installatie van isolatie43230Isolatiewerkzaamheden43291Handelsbemiddeling en groothandel in onderdelen en accessoires van motorvoertuigen45310Handelsbemiddeling in goederen, algemeen assortiment46190Handelsbemiddeling in de niet-gespecialiseerde groothandel46190Groothandel in delen en toebehoren van motorvoertuigen46720
Primary activity highlighted.
Names & trade names
Legal nameFR ELECTEO
Trade nameFR ELECTEO
Registered office
Rue Saint-Fiacre 24/01
5000 Namur, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.