Liquidity
3.39 was 1.37 in 2019
Short-term debts fell from €54,429 to €18,106.
ELECTRO PROJECTS
Overview
Lifetime
8 annual accounts with figures on one time axispeak €64,474 (2020)
€64,474▲ 122%
lowest -€7,399 (2018)
€23,347▼ 6.8%
peak €51,008 (2020)
€51,008▲ 84.4%
€18,106▼ 66.7%
Documentsfilings and deeds
31-08-202131 days late
2020micro format
Gross margin from €29,044 to €64,474Equity from €27,661 to €51,008Debts from €54,429 to €18,106Cash from €41,362 to €27,021
Key points
from the 2020 annual accounts, the last ones filedFilings
8 annual accounts 6 late
The 2014 accounts came latest: 61 days after the end of the period.
No score
Recent changes
Bankruptcy closure (by liquidation)
Enterprise Court of Ghent, Dendermonde division · judgment of 17-09-2024 · Bankruptcy
Bankruptcy published
Enterprise Court of Ghent, Dendermonde division · judgment of 10-05-2022 · Bankruptcy
Incorporation
6 publications in the Belgian Official Gazette, the last on 05-10-2018 · Gazette deed
Official details
Source: KBO- Status
- Inactivedeed of incorporation of 28-12-2012 · bankruptcy closed on 17-09-2024
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2020
- €64,474▲ 122%
- ≈ €190,000estimated
- €23,347▼ 6.8%
- €51,008▲ 84.4%
- €69,114▼ 15.8%
- Filing
- Filed on 31-08-2021
Insights on ELECTRO PROJECTS
On 10 May 2022 the court declared ELECTRO PROJECTS bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2020
micro format, filed on 31-08-2021, 31 days late€64,474
▲ 122%
€30,083
▲ 23.2%
€23,347
▼ 6.8%
€43,310
▲ 113%
73.8%
▲ 40.1 percentage points
3.39
▲ 2.02
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €130,000 and €340,000.
Balance sheet
balance sheet total €69,114 on 31-12-2020What the company ownsHow it is paid for
in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
69,114 | 82,090 | 24,303 | 55,309 | 34,276 | 23,864 | 29,692 | 32,955 | |
20 |
- | - | - | - | 247 | 516 | 785 | 1,054 | |
21/28 |
7,699 | 7,335 | 5,816 | 8,802 | 8,043 | 11,109 | 13,587 | 17,229 | |
21 |
- | - | - | - | 2,580 | 5,395 | 8,210 | 11,025 | |
22/27 |
7,699 | 7,335 | 5,816 | 8,802 | 5,463 | 5,198 | 4,592 | 5,150 | |
22 |
1,921 | - | - | - | - | - | - | - | |
23 |
4,956 | 5,692 | 3,351 | 5,516 | 5,463 | 5,198 | 4,592 | 5,150 | |
24 |
822 | 1,643 | 2,465 | 3,286 | - | - | - | - | |
29/58 |
61,416 | 74,755 | 18,487 | 46,507 | 25,986 | 12,755 | 16,105 | 15,726 | |
3 |
5,562 | 20,486 | 1,000 | 1,000 | 5,000 | 5,000 | 5,000 | - | |
30/36 |
5,562 | 20,486 | 1,000 | 1,000 | 5,000 | 5,000 | 5,000 | - | |
40/41 |
28,833 | 12,906 | 9,184 | 43,203 | 20,986 | 7,755 | 11,105 | 15,726 | |
40 |
6,162 | 5,308 | 6,143 | 33,402 | 18,707 | 5,921 | 8,499 | 14,020 | |
41 |
22,670 | 7,599 | 3,042 | 9,801 | 2,279 | 1,834 | 2,606 | 1,706 | |
54/58 |
27,021 | 41,362 | 8,027 | 2,036 | - | - | - | - | |
490/1 |
- | - | 276 | 268 | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
69,114 | 82,090 | 24,303 | 55,309 | 34,276 | 23,864 | 29,692 | 32,955 | |
10/15 |
51,008 | 27,661 | 22,603 | 30,002 | 15,845 | 15,200 | 8,614 | 8,935 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 6,200 | 6,200 | |
100 |
- | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 900 | 300 | - | - | |
130/1 |
1,860 | - | - | - | - | - | - | - | |
130 |
- | 1,860 | 1,860 | 1,860 | 900 | 300 | - | - | |
1311 |
1,860 | - | - | - | - | - | - | - | |
14 |
36,748 | 13,401 | 8,343 | 15,742 | 2,545 | 2,500 | 2,414 | 2,735 | |
17/49 |
18,106 | 54,429 | 1,700 | 25,307 | 18,431 | 8,665 | 21,078 | 24,020 | |
42/48 |
18,106 | 54,429 | 1,700 | 24,279 | 18,431 | 8,665 | 21,078 | 24,020 | |
43 |
- | - | - | - | 12,717 | 7,669 | 11,330 | 12,545 | |
430/8 |
- | - | - | - | 12,717 | 7,669 | 11,330 | 12,545 | |
44 |
10,269 | 25,435 | 1,181 | 3,778 | 5,163 | 459 | 3,476 | 3,661 | |
440/4 |
10,269 | 25,435 | 1,181 | 3,778 | 5,163 | 459 | 3,476 | 3,661 | |
45 |
7,837 | 520 | 520 | 5,501 | 415 | 175 | 28 | 1,209 | |
450/3 |
7,837 | 520 | 520 | 5,501 | 415 | 175 | 28 | 1,209 | |
47/48 |
- | 28,474 | - | 15,000 | 136 | 362 | 6,243 | 6,605 | |
492/3 |
- | - | - | 1,028 | - | - | - | - | |
| Income statement | |||||||||
76A |
- | - | - | - | - | - | - | 19,500 | |
9900 |
64,474 | 29,044 | -4,072 | 41,590 | 7,548 | 6,870 | 5,605 | -8,677 | |
62 |
- | - | - | - | - | - | - | 362 | |
630 |
2,936 | 3,993 | 2,986 | 6,407 | 4,959 | 4,531 | 4,121 | 4,360 | |
640/8 |
31,454 | 629 | 842 | 813 | 886 | 832 | 909 | 1,295 | |
9901 |
30,083 | 24,422 | -7,900 | 34,370 | 1,703 | 1,506 | 575 | -14,694 | |
75/76B |
814 | 979 | 563 | 1,383 | 659 | 523 | 949 | 226 | |
75 |
814 | 979 | 563 | 1,383 | 659 | 523 | 949 | 226 | |
65/66B |
232 | 343 | 63 | 1,358 | 1,439 | 1,558 | 1,845 | 1,088 | |
65 |
232 | 343 | 63 | 1,358 | 1,439 | 1,558 | 1,845 | 1,088 | |
9903 |
30,665 | 25,059 | -7,399 | 34,395 | 922 | 471 | -321 | 3,944 | |
67/77 |
7,318 | - | - | 5,238 | 278 | 85 | - | 1,209 | |
9904 |
23,347 | 25,059 | -7,399 | 29,157 | 645 | 386 | -321 | 2,735 | |
9905 |
23,347 | 25,059 | -7,399 | 29,157 | 645 | 386 | -321 | 2,735 | |
| Appropriation of the result | |||||||||
9906 |
36,748 | 33,401 | 8,343 | 31,702 | 3,145 | 2,800 | 2,414 | 2,735 | |
691/2 |
- | - | - | 960 | 600 | 300 | - | - | |
6920 |
- | - | - | 960 | 600 | 300 | - | - | |
694/7 |
- | 20,000 | - | 15,000 | - | - | - | - | |
695 |
- | 20,000 | - | 15,000 | - | - | - | - | |
| Document | |||||||||
Source: Annual accounts 2020 (PDF), filed on 31-08-2021.
Filings
each dot is a set of accounts, on the day it reached the National Bank2020 annual accounts filed 31 days after the deadline. Filed on 31 August 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-66000088.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | micro format | 31-08-2021 | 2021-66000088 | |
| 31-12-2019 | micro format | 27-07-2020 | 2020-34400439 | |
| 31-12-2018 | micro format | 31-08-2019 | 2019-63100494 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-61900158 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-50000590 | |
| 31-12-2015 | abbreviated format | 13-09-2016 | 2016-60000573 | |
| 31-12-2014 | abbreviated format | 30-09-2015 | 2015-62400198 | |
| 31-12-2013 | abbreviated format | 05-06-2014 | 2014-16200581 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|
| 33,020 | 28,415 | -4,914 | 40,777 | 6,662 | 6,037 | 4,696 | -10,334 | ||
| 26,284 | 29,051 | -4,413 | 35,564 | 5,604 | 4,917 | 3,799 | 7,096 | ||
| 3,301 | 5,511 | 0 | 6,919 | 2,140 | 2,053 | 479 | 20,244 | ||
| -14,341 | 33,335 | 5,991 | - | - | - | - | - | ||
| 43,310 | 20,326 | 16,787 | 22,228 | 7,555 | 4,091 | -4,973 | -8,294 | ||
| 73.8% | 33.7% | 93.0% | 54.2% | 46.2% | 63.7% | 29.0% | 27.1% | ||
| 3.39 | 1.37 | 10.87 | 1.92 | 1.41 | 1.47 | 0.76 | 0.65 | ||
| 3.08 | 1.00 | 10.28 | 1.87 | 1.14 | 0.90 | 0.53 | 0.65 | ||
| 0.35 | 1.97 | 0.08 | 0.84 | 1.16 | 0.57 | 2.45 | 2.69 | ||
| 45.8% | 90.6% | -32.7% | 97.2% | 4.1% | 2.5% | -3.7% | 30.6% | ||
| 33.8% | 30.5% | -30.4% | 52.7% | 1.9% | 1.6% | -1.1% | 8.3% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on ELECTRO PROJECTS
The operating result for 2020 is 23% higher than in 2019 and the highest since 2017. It is the second rise in a row, after the fall in 2018.
Debt's share of the balance-sheet total falls from 66.3% to 26.2%. Equity is higher and debt is lower.
Board & ownership
Curator
1 mandateCurator, Parklaan 101, 9300 Aalst
from 10-05-2022 to 17-09-2024
Also on 154 other cases
Control
Capital
- Capital
- €12,400
- Source
- 2019 annual accounts
Timeline
Timeline
17 events since 2012Filings
Financial
Insolvency
20122014201620182020202220242026
2024
Bankruptcy closure (by liquidation) Enterprise Court of Ghent, Dendermonde division · judgment of 17-09-2024
2022
Bankruptcy published Enterprise Court of Ghent, Dendermonde division · judgment of 10-05-2022
2021
Annual accounts 2020 filed PDFmicro format · 31 days late
2020
Liquidity more than doubled current ratio 3.39 The current ratio rises from 1.37 to 3.39. Short-term debt falls from €54,429 to €18,106.
Annual accounts 2019 filed PDFmicro format · 4 days before the deadline
2019
Back to profit net €25,059 The net result is €25,059, after one loss-making year.
Annual accounts 2018 filed PDFmicro format · 31 days late
2018
Weakest financial year net -€7,399 The net result drops to -€7,399, the lowest from 2013 to 2020.
Liquidity more than 5 times current ratio 10.87 The current ratio rises from 1.92 to 10.87. Short-term debt falls from €24,279 to €1,700.
Annual accounts 2017 filed PDFmicro format · 31 days late
2017
Highest result from 2013 to 2020 net €29,157 ▲4,422% The operating result of €34,370 and the net result of €29,157 are both a record.
Annual accounts 2016 filed PDFmicro format · 28 days late
2016
Annual accounts 2015 filed PDFabbreviated format · 44 days late
2015
Back to profit net €386 The net result is €386, after one loss-making year.
Annual accounts 2014 filed PDFabbreviated format · 61 days late
2014
Annual accounts 2013 filed PDFabbreviated format · 56 days before the deadline
2012
Incorporation PDF6 publications in the Belgian Official Gazette, the last on 05-10-2018
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
ELECTRO PROJECTS is no longer in the KBO register.
- Last annual accounts
- financial year to 31 December 2020
- Last registered office
- Wijngaardstraat 34, 9300 Aalstas published on 5 October 2018
- Legal form
- Private limited company (pre-2019)
- First annual accounts
- financial year 2013