Skip to content
Checked.be
Complete company report
Generated 17-08-2026
Active BE 0791.910.572Private limited company

ELECTRICAL SYSTEMS GEERINCK

Nijverheidslaan 141 ·9250 Waasmunster, Belgium· 3 yrs active
Sector: Algemene elektrotechnische installatiewerken (43211)
Conclusion Checked

The computed 12-month bankruptcy probability of ELECTRICAL SYSTEMS GEERINCK is 2.3% (moderate). The 2025 annual accounts show equity of €54k and a net result of €6k. Its solvency ranks better than 57% of 2904 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €54k
Net result €6k
Better than sector 57%
Active 3 yrs
Financial profile 4 of 5 axes measured · computed by Checked
Health86Profitability58Solvency94Growth-Stability79
79 / 100

Strong profile, led by solvency.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 86
Profitability 58
Solvency 94
Growth -
Stability 79
Bankruptcy probability (12 mo) Checked model v1 · free
2.3% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Annual accounts: healthy financial profile −

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

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
More than 3 years active
Founded in 2022, 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 Flags0 events
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.
Health barometer FY 2025 · computed
86 / 100 Excellent
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview1 NBB filings
Annual accounts filed on 10-06-2026 with the NBB · fiscal year 2025 · micro
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 49.1% 43.3%
better than 57% of 2904 sector peers
Net result €6k €13k
better than 35% of 2903 sector peers
Equity €54k €44k
better than 57% of 2904 sector peers
Gross operating margin €26k €39k
better than 37% of 2901 sector peers
Staff costs €206 €30k
higher than 9% of 943 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2025
Depositmicro
Revenue-
EBITDA€24k
Net profit€6k
Cash flow€19k
Staff costs€206
Income taxes€2k
Dividends-
Total assets€109k
Equity€54k
Debt€56k
of which ≤ 1y€23k
of which > 1y€32k
Working capital€30k
Employees (FTE)-
Ratios (computed)
2025
Current ratio2.30
Quick ratio2.30
Working capital ratio27.6%
Solvency49.1%
Debt / equity1.04
Long-term debt ratio0.60
Interest coverage7.01
Gross margin-
Net margin-
ROA5.7%
ROE11.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€109k
Fixed assets 21/28€56k
Formation expenses 20€0
Tangible fixed assets 22/27€56k
Current assets 29/58€53k
Amounts receivable within one year 40/41€35k
Cash & bank 54/58€18k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€109k
Equity 10/15€54k
Contributions / capital 10/11€500
Reserves 13€53k
Amounts payable 17/49€56k
Amounts payable after one year 17€32k
Amounts payable within one year 42/48€23k
Trade debts payable within one year 44€9k
Income statement
Gross operating margin 9900€26k
Operating result 9901€12k
Financial income 75€5
Financial charges 65€3k
Result before taxes 9903€9k
Income taxes 67/77€2k
Net result for the period 9904€6k
Result to be appropriated 9905€6k
Ratios computed by Checked.
Directors & mandates 3 directors
Current directors & mandates
  • GEERINCK Rutger
    Director
    State Gazette act 25347514 (28-07-2025)
    Current
    28-07-2025 → present
    2 events
    • 28-07-2025 Resigned· Manager
    • 28-07-2025 Appointed· Director
Former directors (2)
  • GEERINCK MILAN
    Manager
    State Gazette act 23052442 (18-04-2023)
    Former
    26-01-2023 → 28-07-2025
    2 events
    • 28-07-2025 Resigned· Manager
    • 26-01-2023 Appointed· Manager
  • DE BACKER MILAN
    Manager
    State Gazette act 23052442 (18-04-2023)
    Former
    - → 26-01-2023
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.
Legal Structure
NACE primary Algemene elektrotechnische installatiewerken(43211)
Legal form Private limited company(610)
Incorporation05-10-2022
StatusActive
Postal code9250
Establishment units 1 location
Geerinck - De Backer
Nijverheidslaan 141, 9250 WaasmunsterBouwrijp maken van terreinen
since 20222.336.563.912
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42023B0957/00Z003 Flanders 1,202 m² 1 · 163 m² 9.7 m · 1 fl.
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.
Updates 3 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
10-06-2026
NBB filing Annual accounts filed
fiscal year 2025 · micro
2025
28-07-2025
State Gazette act Director changes
Nicolas Ide
2023
18-04-2023
State Gazette act Capital & shares
Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts
Capital history · 1
18-04-2023
Capital change
All acts · 2 updated 1 year ago
2025
28-07-2025 2 directors appointed, 2 resigning Director changes·Nicolas Ide
  • GEERINCK Rutger, Bestuurder
  • Mohammed BOUMALEK, Commissaris
  • GEERINCK Rutger, Zaakvoerder
  • GEERINCK Milan, Zaakvoerder
Notary: Nicolas Ide · Hamme
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "zaakvoerder",
      "person": {
        "rrn": null,
        "name": "GEERINCK Rutger",
        "address": "9250 Waasmunster, Nijverheidslaan 141",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": "pending_next_agm",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_out",
      "role": "zaakvoerder",
      "person": {
        "rrn": null,
        "name": "GEERINCK Milan",
        "address": "9250 Waasmunster, Nijverheidslaan 141",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": "pending_next_agm",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "GEERINCK Rutger",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": false,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "commissaris_in",
      "role": "commissaris",
      "person": {
        "rrn": null,
        "name": "Mohammed BOUMALEK",
        "address": null,
        "birth_date": null,
        "profession": "bedrijfsrevisor",
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": {
        "kbo": "0844.116.467",
        "name": "MB BEDRIJFSREVISOR",
        "address": "1050 Brussel, Louizalaan 143/4",
        "country": "BE",
        "legal_form": null
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "decharge_granted",
      "role": null,
      "person": null,
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "substantive_delegation",
      "role": null,
      "person": null,
      "reason": null,
      "subkind": null,
      "via_org": {
        "kbo": "0557.982.305",
        "name": "BV B \u0026 F CONSULT",
        "address": "9300 Aalst, Gentse steenweg 299",
        "country": "BE",
        "legal_form": "BV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": "Nicolas Ide",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Hamme",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2025-07-28",
    "filing_date": "2025-07-24",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2025-06-30",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0791.910.572",
    "name_full": "ELECTRICAL SYSTEMS GEERINCK",
    "legal_form": "Vennootschap onder firma"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Carol Bohyn",
    "org_rep_person_name": null,
    "person_role_at_subject": "notaris"
  },
  "co_filed_documents": [
    "Afschrift akte",
    "Geco\u00F6rdineerde statuten",
    "Verslagen",
    "Volmacht"
  ],
  "corrected_publication_numac": null
}
2023
18-04-2023 All shares are now held by a single shareholder Capital & shares
Technical details 
{
  "events": [
    {
      "kind": "eenhoofdigheid_declaration",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "share_transfer",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "Geerinck Milan",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": 50,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "share_class_creation",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "other",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Gent",
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2023-04-18",
    "filing_date": "2023-04-06",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "bijzondere_algemene_vergadering",
    "act_date": "2023-04-06",
    "unanimous": true,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2023-01-26"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0791.910.572",
    "name_full": "Geerinck - De Backer",
    "legal_form": "Vennootschap onder firma",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Geerinck Milan",
      "role": "aandeelhouder",
      "n_shares": 50,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Geerinck Rutger",
      "role": "aandeelhouder",
      "n_shares": null,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Loodgieterswerk43221Sanitaire werkzaamheden43221Overige werkzaamheden in verband met de afwerking van gebouwen43350Overige werkzaamheden in verband met de afwerking van gebouwen43390
Primary activity highlighted.
Names & trade names
Legal nameNL ELECTRICAL SYSTEMS GEERINCK
Registered office
Nijverheidslaan 141
9250 Waasmunster, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Similar companies Comparable size · 3,244 of 22,778 companies in this sector with filed accounts
KU SOLAR BE 1003.996.619 · Maasmechelen
A.B. EN D. BE 0465.024.433 · Stekene
Eco-Vert BE 0466.427.270 · Roeselare
PADO BE 0461.151.262 · Gent
ELEC BY DEDAVE SRL BE 0778.845.761 · Somme-Leuze
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative