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ElectraBeLux

Active
Private limited companyfounded 20223 yrs activeMaliestraat 50, 1050 Elsene, BelgiumKBO/BCE: BE 0792.184.845
Summary

The computed 12-month bankruptcy probability of ElectraBeLux is 4.3% (elevated). The 2025 annual accounts show equity of €6.1m and a net result of -€155,572. Equity is growing by ~217.5% per year across the filed fiscal years. Its solvency ranks better than 20% of 101 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
Profitability49▲+40
Solvency45▲+21
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
4.3% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €240,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.56 against 3.98 in 2024; short-term debt: 48.1% and cash: 1.6% of total assets), and 80% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 27
Relative position
BE, all sectors
reference
Manufacture of electrical equipment (NACE 27)
about 104% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
20%
Return on assets
-0.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 101 sector peers (2025).
NBB · sector comparison
Position among 101 sector peers
Solvency
better than 20%
← weakest strongest →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
29 d early
2024
56 d early
2023
22 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% 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 2 July (3 of the last 3 filed years within 52 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 7 October 2022, ElectraBeLux was incorporated as a Private limited company.1 Total assets went from EUR 12 million in 2023 to EUR 31 million in 2025 and headcount from 5.3 to 14.5 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€10.1m▼ 21.9%
2024 · €12.9m
EBIT margin
6.6%▲ 12.0pp
2024 · -5.5%
Net result
-€155,572▲ 88.5%
2024 · -€1.4m
Working capital
-€6.4m
2024 · €22.3m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Turnover€12.9m€10.1m▼ 21.9%
Operating result-€231,387--€704,738▼ 205%€662,254
Net result-€353,369below the sector's middle half--€1.4m▼ 284%-€155,572below the sector's middle half▲ 88.5%
EBIT margin-5.5%6.6%▲ 12.0pp
Equity€1.1mwithin the sector's middle half--€210,828€6.1mwithin the sector's middle half
Total assets€11.7mwithin the sector's middle half-€34.8m▲ 199%€30.6mabove the sector's middle half▼ 12.2%
Debt€10.5m-€35.1m▲ 233%€24.5m▼ 30.2%
Working capital€9.8mabove the sector's middle half-€22.3m▲ 127%-€6.4mbelow the sector's middle half
Solvency9.8%below the sector's middle half--0.6%▼ 10.4pp20.0%below the sector's middle half▲ 20.6pp
Current ratio7.26above the sector's middle half-3.98▼ 3.280.56below the sector's middle half▼ 3.42
Return on assets (ROA)-3.0%below the sector's middle half--3.9%▼ 0.9pp-0.5%within the sector's middle half▲ 3.4pp
Staff (FTE)5.3below the sector's middle half-9.7▲ 83.0%14.5within the sector's middle half▲ 49.5%
above within below the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€2.0m-€1.0m€0€1.0mOperating result 2023: -€231,387-€231,387Net result 2023: -€353,369-€353,369Operating result 2024: -€704,738-€704,738Net result 2024: -€1.4m-€1.4mOperating result 2025: €662,254€662,254Net result 2025: -€155,572-€155,572202320242025-€2m-€1m€0€1mOperating result 2023: -€231,387-€231,000Net result 2023: -€353,369-€353,000Operating result 2024: -€704,738-€705,000Net result 2024: -€1.4m-€1.4mOperating result 2025: €662,254€662,000Net result 2025: -€155,572-€156,000202320242025
The operating result returns to profit in 2025: €662,254 after a loss of €704,738 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €30.6m
Fixed assets €22.3m ▲ 338%
Current assets €8.3m ▼ 72.2%
Equity and liabilities €30.6m
Equity €6.1m
Debt €24.5m
Debt finances 80.0% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.5m▲
2024 · -€681,107
Cash flow
€699,073▲
2024 · -€1.3m
Debt to equity
3.99
ROE
-2.5%
Interest coverage
1.88▲
2024 · -1.05
Debt ≤ 1 year
€14.7m▲
2024 · €7.5m
Debt > 1 year
€9.8m▼
2024 · €27.6m
Income taxes
€658▲
2024 · €590
Staff costs
€1.7m▲
2024 · €804,783
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 441 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

  • Small
  • 2 to 5 years old
  • solvency 10 to 30%
  • a small loss
1.6% went bankrupt
2.5% stopped otherwise
95% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 4.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 441 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet Code20242025
Assets
Total assets20/58€34.8m€30.6m▼
Formation expenses20€1,044€672▼
Fixed assets21/28€5.1m€22.3m▲
Tangible fixed assets22/27€5.1m€22.3m▲
Land and buildings22€3.0m€19.7m▲
Furniture and vehicles24€5,201€4,469▼
Assets under construction and advance payments27€2.1m€2.7m▲
Financial fixed assets28€1,519€2,519▲
Other financial fixed assets284/8€1,519€2,519▲
Amounts receivable and cash guarantees285/8€1,519€2,519▲
Current assets29/58€29.7m€8.3m▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€26.9m€7.8m▼
Trade receivables40€26.9m€7.4m▼
Other amounts receivable41€36,324€348,720▲
Cash at bank and in hand54/58€2.8m€493,200▼
Deferred charges and accrued income490/1€2,045€7,312▲
Equity and liabilities
Total equity and liabilities10/49€34.8m€30.6m▼
Equity10/15-€210,828€6.1m▲
Contributions10/11€1.5m€8.0m▲
Profit (loss) carried forward14-€1.7m-€1.9m▼
Amounts payable17/49€35.1m€24.5m▼
Amounts payable after more than one year17€27.6m€9.8m▼
Other amounts payable178/9€27.6m€9.8m▼
Amounts payable within one year42/48€7.5m€14.7m▲
Trade debts44€4.6m€14.5m▲
Suppliers440/4€4.6m€14.5m▲
Taxes, remuneration and social security45€2.9m€200,106▼
Taxes450/3€2.7m€16,344▼
Remuneration and social security454/9€119,136€183,762▲
Other amounts payable47/48€50,000€16,395▼
Income statement Code20242025
Operating income70/76A€14.7m€10.6m▼
Turnover70€12.9m€10.1m▼
Own construction capitalised72€1.8m€0▼
Other operating income74€21,709€521,888▲
Operating charges60/66A€15.4m€9.9m▼
Goods for resale, raw materials and consumables60€14.1m€6.1m▼
Purchases600/8€14.1m€6.1m▼
Services and other goods61€548,433€1.3m▲
Remuneration, social security and pensions62€804,783€1.7m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,631€854,645▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€26,761
Other operating charges640/8€1,016€11,819▲
Operating profit (loss)9901-€704,738€662,254▲
Financial income75/76B€0€24▲
Recurring financial income75€0€24▲
Other financial income752/9€0€24▲
Financial charges65/66B€652,132€817,191▲
Recurring financial charges65€652,132€817,191▲
Debt charges650€651,514€808,298▲
Other financial charges652/9€618€8,893▲
Profit (loss) for the period before taxes9903-€1.4m-€154,913▲
Income taxes67/77€590€658▲
Taxes670/3€590€658▲
Profit (loss) for the period9904-€1.4m-€155,572▲
Profit (loss) for the period to be appropriated9905-€1.4m-€155,572▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1.7m-€1.9m▼
Profit (loss) brought forward from the previous period14P-€353,369-€1.7m▼
Social balance
Average headcount (FTE)90879.714.5▲

The notes to these accounts (52 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Operating income70/76A-€14.7m€10.6m▼ 28.1%
Turnover70-€12.9m€10.1m▼ 21.9%
Own construction capitalised72-€1.8m€0▼ 100%
Other operating income74-€21,709€521,888▲ 2,304%
Operating charges60/66A-€15.4m€9.9m▼ 35.6%
Goods for resale, raw materials and consumables60-€14.1m€6.1m▼ 56.8%
Purchases600/8-€14.1m€6.1m▼ 56.8%
Services and other goods61-€548,433€1.3m▲ 129%
Remuneration, social security and pensions62€453,221€804,783€1.7m▲ 114%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,390€23,631€854,645▲ 3,517%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€26,761-
Other operating charges640/8€37,778€1,016€11,819▲ 1,063%
Gross operating margin9900€261,002---
Operating profit (loss)9901-€231,387-€704,738€662,254▲ 194%
Financial income75/76B€5,000€0€24-
Recurring financial income75€5,000€0€24-
Other financial income752/9-€0€24-
Financial charges65/66B€126,541€652,132€817,191▲ 25.3%
Recurring financial charges65€126,541€652,132€817,191▲ 25.3%
Debt charges650-€651,514€808,298▲ 24.1%
Other financial charges652/9-€618€8,893▲ 1,340%
Profit (loss) for the period before taxes9903-€352,928-€1.4m-€154,913▲ 88.6%
Income taxes67/77€441€590€658▲ 11.6%
Taxes670/3-€590€658▲ 11.6%
Profit (loss) for the period9904-€353,369-€1.4m-€155,572▲ 88.5%
Profit (loss) for the period to be appropriated9905-€353,369-€1.4m-€155,572▲ 88.5%
Line202320242025Change
Assets
Total assets20/58€11.7m€34.8m€30.6m▼ 12.2%
Formation expenses20€1,415€1,044€672▼ 35.6%
Fixed assets21/28€275,523€5.1m€22.3m▲ 338%
Tangible fixed assets22/27€274,773€5.1m€22.3m▲ 338%
Land and buildings22-€3.0m€19.7m▲ 552%
Furniture and vehicles24€5,517€5,201€4,469▼ 14.1%
Assets under construction and advance payments27€269,256€2.1m€2.7m▲ 28.2%
Financial fixed assets28€750€1,519€2,519▲ 65.8%
Other financial fixed assets284/8-€1,519€2,519▲ 65.8%
Amounts receivable and cash guarantees285/8-€1,519€2,519▲ 65.8%
Current assets29/58€11.4m€29.7m€8.3m▼ 72.2%
Stocks and contracts in progress3-€0€0-
Amounts receivable within one year40/41€10.6m€26.9m€7.8m▼ 71.1%
Trade receivables40€10.4m€26.9m€7.4m▼ 72.4%
Other amounts receivable41€220,897€36,324€348,720▲ 860%
Cash at bank and in hand54/58€761,343€2.8m€493,200▼ 82.6%
Deferred charges and accrued income490/1-€2,045€7,312▲ 258%
Equity and liabilities
Total equity and liabilities10/49€11.7m€34.8m€30.6m▼ 12.2%
Equity10/15€1.1m-€210,828€6.1m▲ 3,009%
Contributions10/11€1.5m€1.5m€8.0m▲ 433%
Profit (loss) carried forward14-€353,369-€1.7m-€1.9m▼ 9.1%
Amounts payable17/49€10.5m€35.1m€24.5m▼ 30.2%
Amounts payable after more than one year17€9.0m€27.6m€9.8m▼ 64.6%
Other amounts payable178/9€9.0m€27.6m€9.8m▼ 64.6%
Amounts payable within one year42/48€1.6m€7.5m€14.7m▲ 96.8%
Trade debts44€1.3m€4.6m€14.5m▲ 218%
Suppliers440/4€1.3m€4.6m€14.5m▲ 218%
Taxes, remuneration and social security45€57,653€2.9m€200,106▼ 93.0%
Taxes450/3€1,146€2.7m€16,344▼ 99.4%
Remuneration and social security454/9€56,507€119,136€183,762▲ 54.2%
Other amounts payable47/48€256,729€50,000€16,395▼ 67.2%
Line202320242025Change
Profit (loss) for the period9904-€353,369-€1.4m-€155,572▲ 88.5%
+ Depreciation and write-downs630€1,390€23,631€854,645▲ 3,517%
Operating cash flow (approximation)-€351,979-€1.3m€699,073▲ 152%
Investment in fixed assets (approximation)--€4.8m-€18.1m▼ 273%
Change in cash-€2.1m-€2.3m▼ 213%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
02-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Equity above €5mEq €6.1m
Equity rises from -€210,828 to €6.1m.
05-06
NBB filing Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial Weakest financial yearnet -€1.4m
Net result drops to -€1.4m, the lowest in the series; recovery starts the following year.
22-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
8 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, Elsene · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
1.7 ha
Building footprint
7,305 m²
Volume, LiDAR
87,701 m³
Parcel 21447B0305/00Y027, Brussels · tallest building 33.4 m, ±2 floors. Linked by address, not a title deed.
51 companies at this address See who is registered here
1 establishment unit
ElectraBeLux
Maliestraat 50, 1050 ElseneElectricity, gas, steam and air conditioning supply
since 20222.340.741.840
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21447B0305/00Y027
ProtectedMonumentD'IeterenSource ↗
Brussels 1.7 ha 1 · 7,305 m² 33.4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Structure & network

Owners and holdings

2 owners

Chain of control

  1. ELECTRA SASFR 100%
  2. Electra Belgique 89.54%
  3. ElectraBeLux

Highest known parent: ELECTRA SAS (France). The sources do not say who stands above it.

Owners 2

Holdings 0

The accounts to 31-12-2025 list no holdings, and no other source names one.

According to the 2025 annual accounts of ElectraBeLux and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 155 companies in sector 27120 we hold annual accounts for 113. 57 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
Founded07-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
27120Manufacture of electrical equipment
35150Electricity, gas, steam and air conditioning supply
66300Activities auxiliary to financial services and insurance activities
90391Promotion and organisation of arts and performing arts events
E-invoicing
Reachable via Peppol
Peppol ID 0208:0792184845
Registered 30-06-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.