ELECTRIC CONCEPT · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of ELECTRIC CONCEPT is 2.8% (moderate). The 2024 annual accounts show equity of €42k and a net result of €1k. Equity is growing by ~19.5% per year across the filed fiscal years. Its solvency ranks better than 45% of 11088 sector peers (fiscal year 2024). 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 4 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity 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

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 13 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

How we compute the deadline

The year end is derived from 4 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 31-12-2024, that is 31-07-2025.

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	20-08-2025	20 d late	2025-00390138
31-12-2023	31-07-2024	07-10-2024	68 d late	2024-00497707
31-12-2022	31-07-2023	17-08-2023	17 d late	2023-00339177
31-12-2021	31-07-2022	19-08-2022	19 d late	2022-20304133

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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.8% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Higher-failure-rate region +

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

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€1k-71.3%

Working capital€38k-26.1%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 20-08-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~19.5%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	37.0%	40.9%	better than 45% of 11088 sector peers
Net result	€1k	€11k	better than 25% of 11070 sector peers
Equity	€42k	€34k	better than 57% of 11091 sector peers
Gross operating margin	€4k	€35k	better than 13% of 11060 sector peers
Total assets	€114k	€93k	better than 58% of 11088 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P45

Improving position over 2021-2024 · n=3549-11088

Net result P25

Weakening position over 2021-2024 · n=3540-11070

Equity P57

Improving position over 2021-2024 · n=3552-11091

Gross operating margin P13

Weakening position over 2021-2024 · n=3540-11060

Describes the position versus peers, not a forecast.

EBITDA

€3k

-55.5% 21-24

Net profit

€1k

-71.3% 21-24

Cash flow

€4k

-43.0% 21-24

Total assets

€114k

+7.4% 21-24

Equity

€42k

+2.9% 21-24

Working capital

€38k

-26.1% 21-24

Income taxes

€902

-25.4% 21-24

Debt

€72k

+10.2% 21-24

Debt ≤ 1y

€69k

+45.9% 21-24

Current ratio

1.56

-25.9% 21-24

Quick ratio

1.56

-25.9% 21-24

Solvency

37.0%

-4.2% 21-24

Debt / equity

1.70

+7.1% 21-24

ROE

2.8%

-72.1% 21-24

ROA

1.0%

-73.3% 21-24

Interest coverage

19.10

-51.1% 21-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€3k
Net profit	€1k
Cash flow	€4k
Staff costs	-
Income taxes	€902
Dividends	-
Total assets	€114k
Equity	€42k
Debt	€72k
of which ≤ 1y	€69k
of which > 1y	-
Working capital	€38k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	1.56
Quick ratio	1.56
Working capital ratio	33.7%
Solvency	37.0%
Debt / equity	1.70
Long-term debt ratio	-
Interest coverage	19.10
Gross margin	-
Net margin	-
ROA	1.0%
ROE	2.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €7k · 6.0% Current assets €107k · 94.1%

Equity & liabilities

Equity €42k · 37.0% Debt €72k · 63.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€114k
Fixed assets	21/28	€7k
Tangible fixed assets	22/27	€7k
Financial fixed assets	28	€101
Current assets	29/58	€107k
Amounts receivable within one year	40/41	€89k
Cash & bank	54/58	€18k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€114k
Equity	10/15	€42k
Contributions / capital	10/11	€3k
Accumulated profits (losses)	14	€39k
Amounts payable	17/49	€72k
Amounts payable within one year	42/48	€69k
Trade debts payable within one year	44	€65k
Income statement
Gross operating margin	9900	€4k
Operating result	9901	€998
Financial income	75	€1k
Financial charges	65	€182
Result before taxes	9903	€2k
Income taxes	67/77	€902
Net result for the period	9904	€1k
Result to be appropriated	9905	€1k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

79 / 100 Excellent

050100

Computed from 5 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.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

2 directors

Current directors & mandates

CARDILLO Rosa
Director
State Gazette act 24138241 (25-09-2024)

Current
01-07-2024 → present

Former directors (1)

NATALE Claudio
Director
State Gazette act 24138241 (25-09-2024)

Former
- → 01-07-2024

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Algemene elektrotechnische installatiewerken(43211)
Legal form	Private limited company(610)
Incorporation	02-04-2021
Status	Active
Postal code	7110

Structure & network

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 Trieu-à-Vallée(H-G) 27110 La Louvière

Establishment units

1 location

Rue Trieu-à-Vallée(H-G) 2, 7110 La Louvière

Reparatie en onderhoud van producten van metaal

since 20212.316.881.127

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

All acts · 1 updated 1 year ago

2024

25-09-2024 1 director appointed, 1 resigning Director changes

CARDILLO Rosa, Bestuurder
NATALE Claudio, Bestuurder

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

62 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 79

Profitability 14

Solvency 70

Growth 52

Stability 94

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