ELECTRABELGIUM
ActiveThe file of ELECTRABELGIUM contains 4 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The annual accounts of ELECTRABELGIUM for fiscal year 2025 show a net loss of 52% of the equity at the start of that year. The computed 12-month bankruptcy probability is 24.3% (high). The 2025 annual accounts show equity of €61,884 and a net result of -€66,466. Equity is growing by ~28% per year across the filed fiscal years. Its solvency ranks better than 48% of 28374 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-67
Solvency71▼-16
Growth52▼-26
Track record60
Bankruptcy probability, 12 months
24.3%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.23 against 2.15 in 2024; short-term debt: 39.9% and cash: 5.6% of total assets), and 54.4% of the assets are financed with debt.
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Signals
Seven 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
45.6%
Return on assets
-48.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€66,466
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
28 d early
2024
8 d early
2023
50 d late
2022
30 d late
2021
2 d early
2020
30 d late
2019
120 d late
← 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 27 days after 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. Usually files around 29 July (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€61,884▼ 51.8%
2024 · €128,350
Total assets
€135,852▼ 34.3%
2024 · €206,766
Net result
-€66,466▼ 1,811%
2024 · -€3,477
Working capital
€12,647▼ 79.9%
2024 · €62,793
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€86,884€25,410▼ 70.8%€49,129▲ 93.3%-€1,956-€51,953▼ 2,556%
Net result€74,688above the sector's middle half€20,799within the sector's middle half▼ 72.2%€36,814above the sector's middle half▲ 77.0%-€3,477below the sector's middle half-€66,466below the sector's middle half▼ 1,811%
Equity€74,215within the sector's middle half€95,014within the sector's middle half▲ 28.0%€131,828above the sector's middle half▲ 38.7%€128,350within the sector's middle half▼ 2.6%€61,884within the sector's middle half▼ 51.8%
Total assets€156,979within the sector's middle half▲ 23.4%€161,672within the sector's middle half▲ 3.0%€231,703within the sector's middle half▲ 43.3%€206,766within the sector's middle half▼ 10.8%€135,852within the sector's middle half▼ 34.3%
Debt€82,764▼ 38.2%€66,658▼ 19.5%€99,876▲ 49.8%€78,416▼ 21.5%€73,968▼ 5.7%
Working capital€70,637within the sector's middle half€87,087within the sector's middle half▲ 23.3%€81,182within the sector's middle half▼ 6.8%€62,793within the sector's middle half▼ 22.7%€12,647within the sector's middle half▼ 79.9%
Solvency47.3%within the sector's middle half▲ 52.5pp58.8%within the sector's middle half▲ 11.5pp56.9%within the sector's middle half▼ 1.9pp62.1%within the sector's middle half▲ 5.2pp45.6%within the sector's middle half▼ 16.5pp
Current ratio2.13within the sector's middle half▲ 1.352.44within the sector's middle half▲ 0.311.83within the sector's middle half▼ 0.612.15within the sector's middle half▲ 0.321.23within the sector's middle half▼ 0.91
Return on assets (ROA)47.6%above the sector's middle half▲ 57.1pp12.9%within the sector's middle half▼ 34.7pp15.9%within the sector's middle half▲ 3.0pp-1.7%below the sector's middle half▼ 17.6pp-48.9%below the sector's middle half▼ 47.2pp
Staff (FTE)3.2▼ 5.9%4.3▲ 34.4%3.3▼ 23.3%1.5
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €51,953 in 2025 against €1,956 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €135,852
Fixed assets
€68,992 ▼ 22.7%
Current assets
€66,861 ▼ 43.1%
Equity and liabilities €135,852
Equity
€61,884 ▼ 51.8%
Debt
€73,968 ▼ 5.7%
Debt's share of the balance-sheet total rises from 37.9% to 54.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€40,624▼
2024 · €11,031
Cash flow
-€55,138▼
2024 · €9,510
Quick ratio
1.14▼
2024 · 1.92
Debt to equity
1.20▲
2024 · 0.61
ROE
-107.4%▼
2024 · -2.7%
Interest coverage
-6.87▼
2024 · 8.01
Debt ≤ 1 year
€54,214▼
2024 · €54,724
Debt > 1 year
€19,755▼
2024 · €23,691
Income taxes
€141▼
2024 · €144
Staff costs
€62,711▼
2024 · €78,968
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
9.5%
stopped otherwise
87%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 24.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,592 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €51,274 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €100,585 | €124,259 | €69,738 | €78,968 | €62,711 | ▼ 20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,141 | €9,833 | €12,995 | €12,987 | €11,329 | ▼ 12.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €57,858 | - | - | - | - |
| Other operating charges640/8 | €570 | €1,431 | €5,939 | €15,195 | €36,838 | ▲ 142% |
| Gross operating margin9900 | €198,180 | €218,791 | €137,801 | €105,194 | €58,925 | ▼ 44.0% |
| Operating profit (loss)9901 | €86,884 | €25,410 | €49,129 | -€1,956 | -€51,953 | ▼ 2,556% |
| Financial income75/76B | €1,012 | €2,422 | €191 | - | €1,968 | - |
| Recurring financial income75 | €1,012 | €2,422 | €191 | - | €1,968 | - |
| Financial charges65/66B | €10,242 | €1,191 | €1,979 | €1,377 | €16,341 | ▲ 1,087% |
| Recurring financial charges65 | €10,242 | €1,191 | €1,979 | €1,377 | €5,914 | ▲ 329% |
| Non-recurring financial charges66B | - | - | - | - | €10,427 | - |
| Profit (loss) for the period before taxes9903 | €77,655 | €26,641 | €47,341 | -€3,333 | -€66,326 | ▼ 1,890% |
| Income taxes67/77 | €2,967 | €5,842 | €10,528 | €144 | €141 | ▼ 2.1% |
| Profit (loss) for the period9904 | €74,688 | €20,799 | €36,814 | -€3,477 | -€66,466 | ▼ 1,811% |
| Transfer to tax-exempt reserves689 | €51,274 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €23,414 | €20,799 | €36,814 | -€3,477 | -€66,466 | ▼ 1,811% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €156,979 | €161,672 | €231,703 | €206,766 | €135,852 | ▼ 34.3% |
| Fixed assets21/28 | €23,956 | €14,123 | €52,963 | €89,248 | €68,992 | ▼ 22.7% |
| Tangible fixed assets22/27 | €23,956 | €14,123 | €52,963 | €89,248 | €68,992 | ▼ 22.7% |
| Plant, machinery and equipment23 | €8,073 | €4,989 | €3,809 | €1,743 | €2,393 | ▲ 37.3% |
| Furniture and vehicles24 | €15,265 | €8,599 | €6,725 | €49,728 | €17,644 | ▼ 64.5% |
| Leasing and similar rights25 | - | - | - | - | €23,523 | - |
| Other tangible fixed assets26 | €618 | €535 | €42,429 | €37,777 | €25,432 | ▼ 32.7% |
| Current assets29/58 | €133,023 | €147,549 | €178,740 | €117,517 | €66,861 | ▼ 43.1% |
| Stocks and contracts in progress3 | €29,293 | €18,256 | €14,800 | €12,231 | €5,000 | ▼ 59.1% |
| Stocks30/36 | €29,293 | €18,256 | €14,800 | €12,231 | €5,000 | ▼ 59.1% |
| Amounts receivable within one year40/41 | €87,682 | €120,005 | €148,195 | €84,236 | €54,191 | ▼ 35.7% |
| Trade receivables40 | €83,961 | €91,791 | €105,069 | €77,167 | €53,381 | ▼ 30.8% |
| Other amounts receivable41 | €3,722 | €28,215 | €43,126 | €7,069 | €810 | ▼ 88.5% |
| Current investments50/53 | €1,078 | €406 | - | - | - | - |
| Cash at bank and in hand54/58 | €14,071 | €7,172 | €14,104 | €21,050 | €7,670 | ▼ 63.6% |
| Deferred charges and accrued income490/1 | €899 | €1,710 | €1,641 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €156,979 | €161,672 | €231,703 | €206,766 | €135,852 | ▼ 34.3% |
| Equity10/15 | €74,215 | €95,014 | €131,828 | €128,350 | €61,884 | ▼ 51.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €55,274 | €76,274 | €76,274 | €76,274 | €76,274 | = |
| Tax-exempt reserves132 | €51,274 | €51,274 | €51,274 | €51,274 | €51,274 | = |
| Distributable reserves133 | €4,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | €342 | €140 | €36,954 | €33,476 | -€32,990 | ▼ 199% |
| Amounts payable17/49 | €82,764 | €66,658 | €99,876 | €78,416 | €73,968 | ▼ 5.7% |
| Amounts payable after more than one year17 | €8,464 | €3,878 | - | €23,691 | €19,755 | ▼ 16.6% |
| Financial debts170/4 | €8,464 | €3,878 | - | €23,691 | €19,755 | ▼ 16.6% |
| Amounts payable within one year42/48 | €62,386 | €60,462 | €97,558 | €54,724 | €54,214 | ▼ 0.9% |
| Current portion of amounts payable after more than one year42 | €4,511 | €4,585 | €3,878 | €3,671 | €3,936 | ▲ 7.2% |
| Trade debts44 | €39,724 | €30,679 | €72,794 | €23,822 | €25,845 | ▲ 8.5% |
| Suppliers440/4 | €39,724 | €30,679 | €72,794 | €23,822 | €25,845 | ▲ 8.5% |
| Taxes, remuneration and social security45 | €18,152 | €25,188 | €20,885 | €26,911 | €22,551 | ▼ 16.2% |
| Taxes450/3 | €2,967 | €8,809 | €16,357 | €14,406 | €6,355 | ▼ 55.9% |
| Remuneration and social security454/9 | €15,185 | €16,379 | €4,529 | €12,506 | €16,196 | ▲ 29.5% |
| Other amounts payable47/48 | - | €10 | - | €320 | €1,881 | ▲ 488% |
| Accrued charges and deferred income492/3 | €11,914 | €2,318 | €2,318 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €74,688 | €20,799 | €36,814 | -€3,477 | -€66,466 | ▼ 1,811% |
| + Depreciation and write-downs630 | €10,141 | €9,833 | €12,995 | €12,987 | €11,329 | ▼ 12.8% |
| Operating cash flow (approximation) | €84,830 | €30,632 | €49,809 | €9,510 | -€55,138 | ▼ 680% |
| Investment in fixed assets (approximation) | - | €0 | -€51,836 | -€49,273 | €8,928 | ▲ 118% |
| Change in cash | - | -€6,899 | €6,932 | €6,946 | -€13,380 | ▼ 293% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€66,466
Net result drops to -€66,466, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 50 days late
2023
31-12
Financial
Equity above €100,000Eq €131,828 ▲38.7%
3 profitable years in a row build equity to €131,828.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €74,688
Net result €74,688 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 2.13
Current ratio from 0.78 to 2.13; short-term debt falls from €120,956 to €62,386.
13-12
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise de Liège · event 03-12-2021
13-10
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · collective agreement · event 08-10-2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Show earlier events
14-07
Judicial reorganisation
Plan approval refused
Tribunal de l’entreprise de Liège · event 09-07-2021
15-04
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · collective agreement · event 09-04-2021
2020
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 120 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Eghezée · 1 establishment unit since 2019
Ground area
250 m²
Building footprint
75 m²
Parcel 92035A0280/00Y000, Wallonia. Linked by address, not a title deed.
1 establishment unit
ELECTRABELGIUM
since 20192.289.060.141
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92035A0280/00Y000 | Wallonia | 250 m² | 1 · 75 m² | - |
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.
Recognitions · licences · registrations
Recognised contractor
2 categoriesELECTRABELGIUM SRL41788
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Of 22,827 companies in sector 43211 we hold annual accounts for 10,338. 8,711 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
Founded31-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0719643790
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.