ELECTRICITE GENERALE CONCEPT
Open bankruptcyA bankruptcy procedure is open for ELECTRICITE GENERALE CONCEPT according to publications in the Belgian State Gazette; curator: KARL VANSTIPELEN. The file additionally contains 1 administrative flag.
No longer registered with the KBO since 02-07-2026; last annual accounts for fiscal year 2023.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline16-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 27-05-2025, 300 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
300 d late
2022
25 d late
2021
330 d late
2020
34 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€25k▲ 19.0%
2022 · €21k
2020: €14k
2021: €40k
2022: €21k
2020 → 2023
Working capital
€58k▼ 4.0%
2022 · €61k
2020: €-12k
2021: €32k
2022: €61k
2020 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120222023Trend
Equity€20k-€60k▲ 200%€81k▲ 34.2%€105k▲ 30.3%
Operating result€18k-€55k▲ 203%€29k▼ 46.9%€40k▲ 37.8%
Net result€14k-€40k▲ 186%€21k▼ 48.7%€25k▲ 19.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 38% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €417k
Fixed assets
€47k▲ 134%
Current assets
€370k▲ 229%
Equity and liabilities €417k
Equity
€105k▲ 30.3%
Debt
€312k▲ 502%
The debt ratio rises from 39.0% to 74.7%: debt grows faster than equity.
Key figures and ratios
EBITDA
€62k▲
2022 · €45k
Cash flow
€47k▲
2022 · €36k
Solvency
25.3%▼
2022 · 61.0%
Current ratio
1.19▼
2022 · 2.17
Quick ratio
1.19▼
2022 · 2.17
Debt / equity
2.96▲
2022 · 0.64
ROE
23.3%▼
2022 · 25.5%
ROA
5.9%▼
2022 · 15.5%
Interest coverage
150.53▼
2022 · 355.74
Debt
€312k▲
2022 · €52k
Debt ≤ 1 year
€312k▲
2022 · €52k
Income taxes
€15k▲
2022 · €8k
Staff costs
€30k▼
2022 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€133k€417k▲
Fixed assets21/28€20k€47k▲
Tangible fixed assets22/27€17k€44k▲
Plant, machinery and equipment23€893-
Furniture and vehicles24€16k€44k▲
Financial fixed assets28€3k€3k=
Current assets29/58€112k€370k▲
Amounts receivable within one year40/41€112k€359k▲
Trade receivables40€112k€359k▲
Cash at bank and in hand54/58-€11k
Deferred charges and accrued income490/1-€429
Equity and liabilities
Total equity and liabilities10/49€133k€417k▲
Equity10/15€81k€105k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€75k€99k▲
Amounts payable17/49€52k€312k▲
Amounts payable within one year42/48€52k€312k▲
Financial debts43€9k-
Credit institutions430/8€9k-
Trade debts44€220€250k▲
Suppliers440/4€220€250k▲
Taxes, remuneration and social security45€39k€60k▲
Taxes450/3€31k€59k▲
Remuneration and social security454/9€8k€722▼
Other amounts payable47/48€4k€1k▼
Income statement
Code20222023
Remuneration, social security and pensions62€36k€30k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€22k▲
Other operating charges640/8€741€4k▲
Gross operating margin9900€81k€96k▲
Operating profit (loss)9901€29k€40k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€126€414▲
Recurring financial charges65€126€414▲
Profit (loss) for the period before taxes9903€29k€40k▲
Income taxes67/77€8k€15k▲
Profit (loss) for the period9904€21k€25k▲
Profit (loss) for the period to be appropriated9905€21k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€75k€99k▲
Profit (loss) brought forward from the previous period14P€54k€75k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
25-08
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · ELECTRICITE GENERALE CONCEPT BV EXCELSIORLAAN 71, 1930 ZAVENTEM · event 18-08-2026
2025
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 300 days late
12-05
KBO administration
Address strikeout annulled
04-04
KBO administration
Address struck
Rollantstraat 16 1933 Die Sitzadresse Rollantstraat 16 1933
Zaventem · event 11-02-2025
2023
31-12
Financial
Equity above €100kEq €105k ▲30.3%
4 profitable years in a row build equity to €105k.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 25 days late
26-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 330 days late
2021
31-12
Financial
Highest result since 2020net €40k ▲186%
Operating result €55k, net result €40k, both a record.
03-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 34 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Zaventem
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.
Excelsiorlaan 711930 ZaventemGround area
5,436 m²
Building footprint
1,487 m²
Volume, LiDAR
14,271 m³
Parcel 23094D0036/00W000, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0036/00W000 | Flanders | 5,436 m² | 1 · 1,487 m² | 12.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KARL VANSTIPELEN LOUIZALAAN 65 BUS 11,
1050 BRUSSEL 5 |
18-08-2026 → present |
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Of 22,740 companies in sector 43211 we hold annual accounts for 10,275. 8,749 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-07-2019
Fiscal year end31-12
Abbreviation FR
E.G.C
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.