ElectriCD
ActiveSummary
ElectriCD has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38,914 and a net result of €2,492. Equity has been growing by about 28% per year since 2023. Its solvency ranks better than 92% of 9,898 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 19-07-2023 Normal situation
- Activity
- General electrical installation work NACE 43211and 1 other
- Establishment unit
- 2.349.059.985 1050 Elsene, since 19-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 01-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
- Gross margin
- €23,274
- ▼ 50.3%
- Turnover
- ≈ €190,000
- estimated
- Profit
- €2,492
- ▼ 89.8%
- Equity
- €38,914
- ▼ 3.7%
- Total assets
- €45,330
- ▼ 16.3%
- Staff
- ≈ 0.6 FTE
- estimated
- 2025 accounts filed 61 days after the deadline
Score breakdownraises riskSize: total assets €45,330Last filed accounts filed 61 days late; 3 of the last 3 accounts lateFounded in 2023lowers riskLiquidity: current ratio 5.19, cash €21,180Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 90% of them on solvency, 94% on liquidity, 50% on profitability and 30% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 50 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 61 days after the deadline Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00534964.
Annual accounts 2025 filed on 30-09-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 89% lower than in 2024 and the lowest since 2023.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | - | €7,220 | €11,499 |
| Depreciation and write-downs of the year | - | €3,183 | €3,525 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €10,292 | €11,857 | €15,645 | ▲ 32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,183 | €3,525 | ▲ 10.8% |
| Other operating charges640/8 | €384 | €1,064 | €595 | ▼ 44.1% |
| Gross operating margin9900 | €31,963 | €46,809 | €23,274 | ▼ 50.3% |
| Operating profit (loss)9901 | €21,286 | €30,704 | €3,508 | ▼ 88.6% |
| Financial income75/76B | - | - | €8 | - |
| Recurring financial income75 | - | - | €8 | - |
| Financial charges65/66B | €0 | €98 | €125 | ▲ 27.5% |
| Recurring financial charges65 | €0 | €98 | €125 | ▲ 27.5% |
| Profit (loss) for the period before taxes9903 | €21,286 | €30,607 | €3,392 | ▼ 88.9% |
| Income taxes67/77 | €5,321 | €6,289 | €900 | ▼ 85.7% |
| Profit (loss) for the period9904 | €15,964 | €24,317 | €2,492 | ▼ 89.8% |
| Profit (loss) for the period to be appropriated9905 | €15,964 | €24,317 | €2,492 | ▼ 89.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €58,207 | €54,172 | €45,330 | ▼ 16.3% |
| Fixed assets21/28 | - | €4,038 | €12,012 | ▲ 197% |
| Tangible fixed assets22/27 | - | €4,038 | €12,012 | ▲ 197% |
| Plant, machinery and equipment23 | - | €814 | €1,284 | ▲ 57.7% |
| Furniture and vehicles24 | - | €3,223 | €10,727 | ▲ 233% |
| Current assets29/58 | €58,207 | €50,134 | €33,318 | ▼ 33.5% |
| Amounts receivable within one year40/41 | €40,725 | €19,437 | €9,526 | ▼ 51.0% |
| Trade receivables40 | €40,574 | €14,651 | €8,176 | ▼ 44.2% |
| Other amounts receivable41 | €151 | €4,787 | €1,349 | ▼ 71.8% |
| Cash at bank and in hand54/58 | €17,317 | €29,227 | €21,180 | ▼ 27.5% |
| Deferred charges and accrued income490/1 | €165 | €1,470 | €2,612 | ▲ 77.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €58,207 | €54,172 | €45,330 | ▼ 16.3% |
| Equity10/15 | €16,964 | €40,423 | €38,914 | ▼ 3.7% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Contributions outside capital11 | €1,000 | €1,000 | €1,000 | = |
| Share premium1100/10 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €1,000 | €1,000 | €1,000 | = |
| Non-distributable reserves130/1 | €1,000 | - | - | - |
| Reserves not available under the articles1311 | €1,000 | - | - | - |
| Distributable reserves133 | - | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €14,964 | €38,423 | €36,914 | ▼ 3.9% |
| Amounts payable17/49 | €41,243 | €13,749 | €6,415 | ▼ 53.3% |
| Amounts payable within one year42/48 | €41,243 | €13,749 | €6,415 | ▼ 53.3% |
| Trade debts44 | €29,300 | - | €4,078 | - |
| Suppliers440/4 | €29,300 | - | €4,078 | - |
| Taxes, remuneration and social security45 | €11,321 | €13,148 | €1,390 | ▼ 89.4% |
| Taxes450/3 | €5,321 | €12,600 | - | - |
| Remuneration and social security454/9 | €6,000 | €548 | €1,390 | ▲ 154% |
| Other amounts payable47/48 | €621 | €601 | €947 | ▲ 57.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,964 | €24,317 | €2,492 | ▼ 89.8% |
| + Depreciation and write-downs630 | - | €3,183 | €3,525 | ▲ 10.8% |
| Operating cash flow (approximation) | €15,964 | €27,500 | €6,017 | ▼ 78.1% |
| Investment in fixed assets (approximation) | - | - | -€11,499 | - |
| Change in cash | - | €11,910 | -€8,047 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as ElectriCD has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ElectriCD itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for ElectriCD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Capital transactions
- 24-07-2023 Incorporation · €1,000 · 100 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, personnes physiques ou morales, actionnaires ou non, nommés avec ou sans limitation de durée”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 24-07-2023 (in French)
Network & group
ElectriCD shares no director with another company.
Companies at the same address
5 other companies- dos Santos Isidro, Salomé (sole trader) Establishment · since 2024 1010612910
- ACP de l'immeuble à Ixelles, rue Général Thys 12-16 Registered office · since 2024 1009974292
- Silva, Mitchell (sole trader) Establishment · since 2010 0828910530
- JAFAB Registered office · since 2003 0860016648
- Organisation nationale de Karaté Registered office · since 1976 0415866021
Connections & network
1 current directorThe network starts from the directors of ElectriCD. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
24-07
Gazette deed
IncorporationStarting capital €1,000 · Appointment: DEBEUR Charles Emmanuel Louis (administrateur non statutaire) · Bank account10 points ▸
- Incorporation, 18-07-2023
- Founding capital, €1,000
- Bank account, “versement des fonds affectés à la libération des apports en numéraire, attestation justifiant ce dépôt présentée au Notaire prénommé pour être gardée par lui” (deed in French)
- Other provision, “omission identité du fondateur, capitaux propres de départ entièrement libérés” (deed in French)
- Other provision, “statuts de la société, Les statuts de la société sont les suivants” (deed in French)
- Other provision, “intitulé de titre statutaire, Titre 1 : Identité et caractéristiques essentielles” (deed in French)
- Registered office clause, “1050 Ixelles, rue Général Thys, 12 (boîte 4), dépôt au greffe du tribunal de l’entreprise d’une expédition de l’acte constitutif” (deed in French)
- Director appointment, DEBEUR Charles Emmanuel Louis (administrateur non statutaire)
- Pre-incorporation commitments, “takeover, tous les engagements et obligations en résultant et toutes activités entreprises au nom et pour compte de la société en formation” (deed in French)
- Other provision, “dossier de la société, dépôt des statuts coordonnés” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0804.142.569
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21445C0278/00L014 | Brussels | 1,109 m² | 1 · 286 m² | 15.3 m · 4 |