Electrical Industrial Projects
ActiveSummary
The computed 12-month bankruptcy probability of Electrical Industrial Projects is 2.3% (moderate). The 2025 annual accounts show equity of €304,935 and a net result of -€64,972. Equity is growing by ~36.7% per year across the filed fiscal years. Its solvency ranks better than 53% of 28374 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability5▼-82
Solvency75▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 1.98 against 2.02 in 2024; short-term debt: 50.2% and cash: 21.3% of total assets), but 50.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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
49.8%
Return on assets
-10.6%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-02-2026, 16 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.
NBB · 5 filingsDeviation from the deadline
2025
16 d late
2024
213 d late
2023
29 d late
2022
on the day
2021
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 56 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 21 February (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€304,935▼ 17.6%
2024 · €369,907
Total assets
€612,513▼ 16.1%
2024 · €729,663
Net result
-€64,972
2024 · €105,206
Working capital
€301,434▼ 17.6%
2024 · €365,833
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€77,544-€149,563▲ 92.9%€149,184▼ 0.3%€167,045▲ 12.0%-€53,928
Net result€49,340above the sector's middle half-€98,551above the sector's middle half▲ 99.7%€96,810above the sector's middle half▼ 1.8%€105,206above the sector's middle half▲ 8.7%-€64,972below the sector's middle half
Equity€69,340within the sector's middle half-€167,891above the sector's middle half▲ 142%€264,701above the sector's middle half▲ 57.7%€369,907above the sector's middle half▲ 39.7%€304,935above the sector's middle half▼ 17.6%
Total assets€166,590within the sector's middle half-€530,276above the sector's middle half▲ 218%€673,821above the sector's middle half▲ 27.1%€729,663above the sector's middle half▲ 8.3%€612,513above the sector's middle half▼ 16.1%
Debt€97,249-€362,385▲ 273%€409,120▲ 12.9%€359,756▼ 12.1%€307,578▼ 14.5%
Working capital€72,941within the sector's middle half-€167,891above the sector's middle half▲ 130%€259,290above the sector's middle half▲ 54.4%€365,833above the sector's middle half▲ 41.1%€301,434above the sector's middle half▼ 17.6%
Solvency41.6%within the sector's middle half-31.7%within the sector's middle half▼ 10.0pp39.3%within the sector's middle half▲ 7.6pp50.7%within the sector's middle half▲ 11.4pp49.8%within the sector's middle half▼ 0.9pp
Current ratio1.78within the sector's middle half-1.46within the sector's middle half▼ 0.321.63within the sector's middle half▲ 0.172.02within the sector's middle half▲ 0.381.98within the sector's middle half▼ 0.04
Return on assets (ROA)29.6%above the sector's middle half-18.6%above the sector's middle half▼ 11.0pp14.4%within the sector's middle half▼ 4.2pp14.4%within the sector's middle half▲ 0.1pp-10.6%below the sector's middle half▼ 25.0pp
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 turns negative in 2025: a loss of €53,928 after €167,045 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €612,513
Fixed assets
€3,501 ▼ 14.1%
Current assets
€609,012 ▼ 16.1%
Equity and liabilities €612,513
Equity
€304,935 ▼ 17.6%
Debt
€307,578 ▼ 14.5%
Debt's share of the balance-sheet total rises from 49.3% to 50.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€52,404▼
2024 · €168,382
Cash flow
-€63,448▼
2024 · €106,543
Quick ratio
1.81▼
2024 · 1.93
Debt to equity
1.01▲
2024 · 0.97
ROE
-21.3%▼
2024 · 28.4%
Interest coverage
-4.70▼
2024 · 20.52
Debt ≤ 1 year
€307,578▼
2024 · €359,756
Staff costs
€18,703▲
2024 · €16,193
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 224 companies that looked in July 2024 the way this one looks now, 4.0% went bankrupt within 24 months and 88% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
4.0%
went bankrupt
7.1%
stopped otherwise
88%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.3% over twelve months; the group does not contradict it.
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 224 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 | - | - | - | €13,303 | - | - |
| Remuneration, social security and pensions62 | - | €14,703 | €14,802 | €16,193 | €18,703 | ▲ 15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1,276 | €1,337 | €1,524 | ▲ 14.0% |
| Other operating charges640/8 | - | €1,053 | €847 | €1,289 | €1,201 | ▼ 6.9% |
| Gross operating margin9900 | €89,208 | €165,319 | €166,108 | €185,865 | -€32,501 | ▼ 117% |
| Operating profit (loss)9901 | €77,544 | €149,563 | €149,184 | €167,045 | -€53,928 | ▼ 132% |
| Financial income75/76B | - | €410 | €1,565 | €18 | €101 | ▲ 448% |
| Recurring financial income75 | €395 | €410 | €1,565 | €18 | €101 | ▲ 448% |
| Financial charges65/66B | - | €2,932 | €6,514 | €8,207 | €11,144 | ▲ 35.8% |
| Recurring financial charges65 | €599 | €2,932 | €6,514 | €8,207 | €11,144 | ▲ 35.8% |
| Profit (loss) for the period before taxes9903 | €77,339 | €147,040 | €144,235 | €158,856 | -€64,972 | ▼ 141% |
| Income taxes67/77 | €27,999 | €48,490 | €47,425 | €53,651 | - | - |
| Profit (loss) for the period9904 | €49,340 | €98,551 | €96,810 | €105,206 | -€64,972 | ▼ 162% |
| Profit (loss) for the period to be appropriated9905 | €49,340 | €98,551 | €96,810 | €105,206 | -€64,972 | ▼ 162% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €166,590 | €530,276 | €673,821 | €729,663 | €612,513 | ▼ 16.1% |
| Fixed assets21/28 | - | - | €5,412 | €4,074 | €3,501 | ▼ 14.1% |
| Tangible fixed assets22/27 | - | - | €5,412 | €4,074 | €3,501 | ▼ 14.1% |
| Plant, machinery and equipment23 | - | - | €3,984 | €2,992 | €2,000 | ▼ 33.2% |
| Furniture and vehicles24 | - | - | €1,427 | €1,082 | €1,500 | ▲ 38.7% |
| Current assets29/58 | €166,590 | €530,276 | €668,410 | €725,589 | €609,012 | ▼ 16.1% |
| Stocks and contracts in progress3 | - | - | €101,380 | €29,840 | €51,799 | ▲ 73.6% |
| Stocks30/36 | - | - | €101,380 | €29,840 | €51,799 | ▲ 73.6% |
| Amounts receivable within one year40/41 | €152,154 | €442,281 | €302,805 | €380,046 | €426,892 | ▲ 12.3% |
| Trade receivables40 | - | €420,122 | €302,805 | €283,935 | €204,982 | ▼ 27.8% |
| Other amounts receivable41 | - | €22,159 | €0 | €96,111 | €221,910 | ▲ 131% |
| Cash at bank and in hand54/58 | €14,436 | €87,995 | €264,225 | €315,703 | €130,322 | ▼ 58.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €166,590 | €530,276 | €673,821 | €729,663 | €612,513 | ▼ 16.1% |
| Equity10/15 | €69,340 | €167,891 | €264,701 | €369,907 | €304,935 | ▼ 17.6% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €49,340 | €147,891 | €244,701 | €349,907 | €349,907 | = |
| Distributable reserves133 | - | €147,891 | €244,701 | €349,907 | €349,907 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€64,972 | - |
| Amounts payable17/49 | €97,249 | €362,385 | €409,120 | €359,756 | €307,578 | ▼ 14.5% |
| Amounts payable within one year42/48 | €93,648 | €362,385 | €409,120 | €359,756 | €307,578 | ▼ 14.5% |
| Trade debts44 | €48,526 | €290,378 | €301,253 | €272,468 | €281,100 | ▲ 3.2% |
| Suppliers440/4 | - | €290,378 | €301,253 | €272,468 | €281,100 | ▲ 3.2% |
| Taxes, remuneration and social security45 | - | €50,017 | €78,473 | €55,737 | €235 | ▼ 99.6% |
| Taxes450/3 | - | €48,490 | €76,193 | €53,651 | - | - |
| Remuneration and social security454/9 | - | €1,527 | €2,280 | €2,086 | €235 | ▼ 88.7% |
| Other amounts payable47/48 | - | €21,990 | €29,394 | €31,551 | €26,243 | ▼ 16.8% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49,340 | €98,551 | €96,810 | €105,206 | -€64,972 | ▼ 162% |
| + Depreciation and write-downs630 | - | - | €1,276 | €1,337 | €1,524 | ▲ 14.0% |
| Operating cash flow (approximation) | €49,340 | €98,551 | €98,086 | €106,543 | -€63,448 | ▼ 160% |
| Investment in fixed assets (approximation) | - | - | - | €0 | -€950 | - |
| Change in cash | - | €73,559 | €176,229 | €51,478 | -€185,381 | ▼ 460% |
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
16-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 16 days late
2025
01-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 213 days late
30-06
Financial
Weakest financial yearnet -€64,972
Net result drops to -€64,972, the lowest in the series.
2024
30-06
Financial
Highest result since 2021net €105,206 ▲8.7%
Operating result €167,045, net result €105,206, both a record.
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-06
Financial
Equity above €200,000Eq €264,701 ▲57.7%
3 profitable years in a row build equity to €264,701.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Equity above €150,000Eq €167,891 ▲142%
2 profitable years in a row build equity to €167,891.
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not 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
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Pelt · 1 establishment unit since 2019
Ground area
324 m²
Parcel 72033B1123/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
Electrical Industrial Projects
since 20192.296.871.314
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72033B1123/00A000 | Flanders | 324 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.
Similar companies · same sector, comparable size
CASTELEK
BE 0771.452.579
Mouscron · Eq €304,865
RUDY STRUBBE
BE 0468.041.826
Knokke-Heist · Eq €304,850
VERELEK
BE 0767.926.531
Wielsbeke · Eq €305,209
ELEKTRICITEITSWERKEN VANHAECKE STEVEN
BE 0841.861.515
Lievegem · Eq €304,594
PFTS
BE 0761.330.432
Ardooie · Eq €305,283
Of 22,818 companies in this sector we hold annual accounts for 10,336. 7,539 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded18-12-2019
Fiscal year end30-06
Abbreviation NL
E.I.P.
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0739786237
Also
9925:BE0739786237
Registered
24-11-2023
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.