ELECTRO DAVID
Open bankruptcyA bankruptcy procedure is open for ELECTRO DAVID according to publications in the Belgian State Gazette; curator: Carmen MATTHIJS.
Summary
The 2021 annual accounts show negative equity (-€332,696) and a net result of -€569,235.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Kortrijk division
- Declared bankrupt
- 2 December 2021
- Supervising judge
- Joost Muylle
- Official Gazette
- 09-12-2021 (pdf) ↗search the document for 2021/143039
Deadlines
- Provisional date payments stopped
- 2 December 2021A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 24 December 2021Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 1 January 2022art. XX.104 and XX.155 CEL
- First verification report
- passed on 18 January 2022Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 2 December 2022Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Carmen MatthijsOude Ieperstraat 4, 8560 Wevelgemcarmen.matthijs@admlaw.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
Embed in an article
Writing about this bankruptcy? Put the card of ELECTRO DAVID in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Preview
The preview appears here.
- Stays current: the status follows the register, the figures are those of the latest filed accounts. No Checked score or verdict.
- Light on your page: one small script and one data request, also answered from a cache; no cookies, no tracking.
- Where scripts do not run (a newsletter, a feed reader) a plain link remains.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2021 was due by 28-02-2022 and was filed on 25-11-2021, 95 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
95 d early
2020
26 d late
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 24 days before 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 (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment How is the General electrical installation work sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
-€332,696
2020 · €540,850
Total assets
€1.1m▼ 36.0%
2020 · €1.8m
Net result
-€569,235▼ 87.1%
2020 · -€304,311
Working capital
-€335,968
2020 · €532,198
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201920202021
Operating result€82,273--€281,917-€548,979▼ 94.7%
Net result€43,671--€304,311-€569,235▼ 87.1%
Equity€548,401-€540,850▼ 1.4%-€332,696
Total assets€2.1m-€1.8m▼ 16.6%€1.1m▼ 36.0%
Debt€1.6m-€1.2m▼ 21.9%€1.4m▲ 13.6%
Working capital€529,727-€532,198▲ 0.5%-€335,968
Staff (FTE)18.7-23.5▲ 25.7%23.5=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €548,979 in 2021 against €281,917 in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.1m
Fixed assets
€97,291 ▼ 8.1%
Current assets
€1.0m ▼ 37.8%
Key figures and ratios
EBITDA
-€513,877▼
2020 · -€243,112
Cash flow
-€534,132▼
2020 · -€265,506
Solvency
-29.5%▼
2020 · 30.7%
Current ratio
0.75▼
2020 · 1.47
Quick ratio
0.67▼
2020 · 1.37
Debt to equity
-0.15▼
2020 · 0.18
ROA
-50.5%▼
2020 · -17.3%
Debt ≤ 1 year
€1.4m▲
2020 · €1.1m
Debt > 1 year
€49,815▼
2020 · €96,199
Income taxes
€16,199▼
2020 · €34,955
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,804 | €38,804 | €35,102 | ▼ 9.5% |
| Gross operating margin9900 | €1.2m | €1.1m | €865,862 | ▼ 21.5% |
| Operating profit (loss)9901 | €82,273 | -€281,917 | -€548,979 | ▼ 94.7% |
| Recurring financial income75 | €7,257 | €8,591 | €8,591 | = |
| Recurring financial charges65 | €30,546 | €29,706 | €29,706 | = |
| Profit (loss) for the period before taxes9903 | €57,802 | -€303,032 | -€553,036 | ▼ 82.5% |
| Income taxes67/77 | €14,131 | €34,955 | €16,199 | ▼ 53.7% |
| Profit (loss) for the period9904 | €43,671 | -€304,311 | -€569,235 | ▼ 87.1% |
| Profit (loss) for the period to be appropriated9905 | €43,671 | -€304,311 | -€569,235 | ▼ 87.1% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €2.1m | €1.8m | €1.1m | ▼ 36.0% |
| Formation expenses20 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €105,834 | €105,834 | €97,291 | ▼ 8.1% |
| Intangible fixed assets21 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €105,834 | €105,834 | €96,956 | ▼ 8.4% |
| Financial fixed assets28 | €0 | €335 | €335 | = |
| Current assets29/58 | €2.0m | €1.7m | €1.0m | ▼ 37.8% |
| Stocks and contracts in progress3 | €369,584 | €119,453 | €110,000 | ▼ 7.9% |
| Amounts receivable within one year40/41 | €854,682 | €815,593 | €606,353 | ▼ 25.7% |
| Current investments50/53 | €0 | €0 | €0 | - |
| Cash at bank and in hand54/58 | €513,995 | €332,091 | €108,546 | ▼ 67.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €2.1m | €1.8m | €1.1m | ▼ 36.0% |
| Equity10/15 | €548,401 | €540,850 | -€332,696 | ▼ 162% |
| Contributions10/11 | €68,171 | €68,171 | €68,171 | = |
| Reserves13 | €480,230 | €472,679 | €168,368 | ▼ 64.4% |
| Profit (loss) carried forward14 | €0 | €0 | -€569,235 | - |
| Amounts payable17/49 | €1.6m | €1.2m | €1.4m | ▲ 13.6% |
| Amounts payable after more than one year17 | €96,199 | €96,199 | €49,815 | ▼ 48.2% |
| Amounts payable within one year42/48 | €1.5m | €1.1m | €1.4m | ▲ 21.7% |
| Trade debts44 | €928,203 | €517,225 | €546,121 | ▲ 5.6% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,671 | -€304,311 | -€569,235 | ▼ 87.1% |
| + Depreciation and write-downs630 | €38,804 | €38,804 | €35,102 | ▼ 9.5% |
| Operating cash flow (approximation) | €82,475 | -€265,506 | -€534,132 | ▼ 101% |
| Investment in fixed assets (approximation) | - | -€38,804 | -€26,559 | ▲ 31.6% |
| Change in cash | - | -€181,904 | -€223,545 | ▼ 22.9% |
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
2021
09-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 02-12-2021
25-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-07
Financial
Weakest financial yearnet -€569,235
Net result drops to -€569,235, the lowest in the series.
26-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
15-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 13 days late
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
10-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
12-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 12 days late
2014
28-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
02-05
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 63 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Kortrijk · 1 establishment unit since 1982
Ground area
1,948 m²
Building footprint
61 m²
Parcel 34007A0162/00R000, Flanders. Linked by address, not a title deed.
1 establishment unit
ELECTRO DAVID
since 19822.021.188.604
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34007A0162/00R000 | Flanders | 1,948 m² | 1 · 61 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Carmen MATTHIJS OUDE IEPERSTRAAT 4,
8560 WEVELGEM |
02-12-2021 → present |
Recognitions · licences · registrations
Dual-learning approval
2 endedElektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Similar companies · same sector, comparable size
GATEC
BE 0729.985.178
Braives · Eq €544,643
DENEFFE FRANCIS ET FILS
BE 0890.442.479
Libramont-Chevigny · Eq €544,917
ACS Partners
BE 0501.763.479
Braine-l'Alleud · Eq €544,467
Verisol
BE 0811.725.001
Lummen · Eq €545,203
VERSCHUEREN CHAREL
BE 0885.304.449
Merksplas · Eq €545,271
Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 6,266 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-09-1982
Fiscal year end31-07
Activities, NACEBEL 2025
43211General electrical installation work
33200Installation of industrial machinery and equipment
42220Construction of utility projects for electricity and telecommunications
43222Installation of electric heating, air conditioning, cooling and ventilation
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.