ELECTRO GERT

Active

Private limited companyfounded 20215 yrs activeDiestsesteenweg 537, 3202 Aarschot, BelgiumKBO/BCE: BE 0763.897.071

The computed 12-month bankruptcy probability of ELECTRO GERT is 2.4% (moderate). The 2024 annual accounts show equity of €80k and a net result of €21k. Equity is growing by ~33.8% per year across the filed fiscal years. Its solvency ranks better than 76% of 36373 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

80 / 100

Excellent

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability91▲+2

Solvency95▼-1

Growth78▲+26

Track record94

Bankruptcy probability, 12 months

2.4% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days acceptable

Liquidity ample (current ratio 3.11 against 3.65 in 2023; short-term debt: 25.8% and cash: 43.4% of total assets), and 29.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 4 filings

Deviation from the deadline

2025

not confirmed

2024

60 d late

2023

55 d late

2022

52 d late

2021

86 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€80k▲ 34.7%

2023 · €59k

2021: €25k 2022: €45k 2023: €59k

2021 → 2024

Total assets

€114k▲ 35.1%

2023 · €84k

2021: €63k 2022: €77k 2023: €84k

2021 → 2024

Net result

€21k▲ 48.5%

2023 · €14k

2021: €15k 2022: €20k 2023: €14k

2021 → 2024

Working capital

€62k▲ 21.3%

2023 · €51k

2021: €12k 2022: €35k 2023: €51k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€25k-€45k▲ 79.4%€59k▲ 30.5%€80k▲ 34.7%

Operating result€24k-€30k▲ 27.3%€24k▼ 19.7%€30k▲ 23.9%

Net result€15k-€20k▲ 31.0%€14k▼ 31.2%€21k▲ 48.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 24% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €114k

19.7%

80.3%

Fixed assets €22k▲ 61.9%

Current assets €91k▲ 29.8%

Equity and liabilities €114k

70.4%

29.6%

Equity €80k▲ 34.7%

Debt €34k▲ 36.2%

The debt ratio rises from 29.4% to 29.6%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€35k▲

2023 · €32k

Cash flow

€26k▲

2023 · €21k

Solvency

70.4%▼

2023 · 70.6%

Current ratio

3.11▼

2023 · 3.65

Quick ratio

2.94▼

2023 · 3.25

Debt / equity

0.42▲

2023 · 0.42

ROE

25.7%▲

2023 · 23.3%

ROA

18.1%▲

2023 · 16.5%

Interest coverage

442.13▲

2023 · 35.67

Debt

€34k▲

2023 · €25k

Debt ≤ 1 year

€29k▲

2023 · €19k

Income taxes

€10k▲

2023 · €10k

Staff costs

€49k▲

2023 · €27k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€84k€114k▲

Fixed assets21/28€14k€22k▲

Tangible fixed assets22/27€14k€22k▲

Plant, machinery and equipment23€9k€15k▲

Furniture and vehicles24€4k€5k▲

Leasing and similar rights25-€3k

Current assets29/58€70k€91k▲

Stocks and contracts in progress3€8k€5k▼

Stocks30/36€8k€5k▼

Amounts receivable within one year40/41€25k€35k▲

Trade receivables40€22k€25k▲

Other amounts receivable41€4k€9k▲

Cash at bank and in hand54/58€32k€49k▲

Deferred charges and accrued income490/1€5k€2k▼

Equity and liabilities

Total equity and liabilities10/49€84k€114k▲

Equity10/15€59k€80k▲

Contributions10/11€10k€10k=

Reserves13€34k€55k▲

Distributable reserves133€34k€55k▲

Profit (loss) carried forward14€15k€15k=

Amounts payable17/49€25k€34k▲

Amounts payable within one year42/48€19k€29k▲

Trade debts44€18k€24k▲

Suppliers440/4€18k€24k▲

Taxes, remuneration and social security45€991€6k▲

Taxes450/3€991€5k▲

Remuneration and social security454/9-€630

Accrued charges and deferred income492/3€5k€4k▼

Income statement Code20232024

Remuneration, social security and pensions62€27k€49k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€6k▼

Other operating charges640/8€2k€1k▼

Gross operating margin9900€61k€86k▲

Operating profit (loss)9901€24k€30k▲

Financial income75/76B€118€570▲

Recurring financial income75€118€470▲

Non-recurring financial income76B-€100

Financial charges65/66B€889€80▼

Recurring financial charges65€889€80▼

Profit (loss) for the period before taxes9903€23k€30k▲

Income taxes67/77€10k€10k▲

Profit (loss) for the period9904€14k€21k▲

Profit (loss) for the period to be appropriated9905€14k€21k▲

Appropriation of the result

Profit (loss) to be appropriated9906€29k€36k▲

Profit (loss) brought forward from the previous period14P€15k€15k=

Transfer to equity691/2€14k€21k▲

To other reserves6921€14k€21k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2025

29-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 60 days late

2024

31-12

Financial Highest result since 2021net €21k ▲48.5%

Net result €21k, the highest in the series.

24-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 55 days late

2023

31-12

Financial Weakest financial yearnet €14k ▼31.2%

Net result drops to €14k, the lowest in the series; recovery starts the following year.

21-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 52 days late

2022

25-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 86 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Aarschot · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Diestsesteenweg 5373202 Aarschot

Ground area

1,649 m²

Building footprint

133 m²

Volume, LiDAR

774 m³

Parcel 24092F0006/00P000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

ELECTRO GERT

Diestsesteenweg 537, 3202 AarschotGeneral electrical installation work

since 20212.313.757.826

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24092F0006/00P000	Flanders	1,649 m²	1 · 133 m²	9.3 m · 2 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.

Public money · subsidies and aid

Flemish government

2023 · 1 entry · 518 EUR awarded · 518 EUR paid

Year	Entries	awarded	paid
2023	1	518 EUR	518 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 518 EUR · 518 EUR paid · Fonds voor Innoveren en Ondernemen

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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,800 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded22-02-2021

Fiscal year end31-12

Activities, NACEBEL

43211General electrical installation work

43212Electrical installation work in industrial facilities

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

2 entries

Website:www.electrogert-rillaar.be

Enterprise

E-mail:info@electrogert.be

Enterprise