ELECTRO-SAB
ActiveThe computed 12-month bankruptcy probability of ELECTRO-SAB is 1.5% (moderate). The 2023 annual accounts show equity of €54k and a net result of €293. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 43% of 24647 sector peers (fiscal year 2023). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2023
Axes · tick = 2022
Profitability3▲+3
Solvency40▼-24
Growth52=
Stability100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity tight (current ratio 1.24 against 1.42 in 2022), and 76% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
24%
Return on assets
0.1%
Age of the figures
32 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline14-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
61 d late
2022
42 d late
2021
61 d late
2020
26 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€293
2022 · €-3k
2018: €2k
2019: €4k
2020: €10k
2021: €14k
2022: €-3k
2018 → 2023
Working capital
€42k▼ 27.0%
2022 · €57k
2018: €43k
2019: €47k
2020: €58k
2021: €72k
2022: €57k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€52k-€62k▲ 19.4%€76k▲ 22.9%€73k▼ 4.3%€54k▼ 25.2%
Operating result€6k-€11k▲ 89.7%€15k▲ 41.1%€-2k€3k
Net result€4k-€10k▲ 133%€14k▲ 40.8%€-3k€293
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €3k after a loss of €2k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €227k
Fixed assets
€13k▼ 18.6%
Current assets
€214k▲ 11.6%
Equity and liabilities €227k
Equity
€54k▼ 25.2%
Debt
€173k▲ 27.8%
The debt ratio rises from 65.0% to 76.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€6k▲
2022 · €671
Cash flow
€3k▲
2022 · €-364
Solvency
24.0%▼
2022 · 35.0%
Current ratio
1.24▼
2022 · 1.42
Quick ratio
0.25▲
2022 · 0.23
Debt / equity
3.18▲
2022 · 1.86
ROE
0.5%▲
2022 · -4.5%
ROA
0.1%▲
2022 · -1.6%
Interest coverage
6.99▲
2022 · 0.65
Debt
€173k▲
2022 · €135k
Debt ≤ 1 year
€173k▲
2022 · €135k
Income taxes
€2k
Staff costs
€53k▼
2022 · €79k
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€208k€227k▲
Fixed assets21/28€16k€13k▼
Tangible fixed assets22/27€12k€9k▼
Furniture and vehicles24€12k€9k▼
Financial fixed assets28€4k€4k=
Current assets29/58€192k€214k▲
Stocks and contracts in progress3€161k€171k▲
Stocks30/36€161k€171k▲
Amounts receivable within one year40/41€25k€42k▲
Trade receivables40€25k€41k▲
Other amounts receivable41€630€1k▲
Cash at bank and in hand54/58€6k€1k▼
Deferred charges and accrued income490/1€283-
Equity and liabilities
Total equity and liabilities10/49€208k€227k▲
Equity10/15€73k€54k▼
Contributions10/11€19k-
Outside capital11€19k-
Other1109/19€19k-
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Profit (loss) carried forward14€52k€52k▲
Amounts payable17/49€135k€173k▲
Amounts payable within one year42/48€135k€173k▲
Current portion of amounts payable after more than one year42-€338
Trade debts44€36k€19k▼
Suppliers440/4€36k€19k▼
Taxes, remuneration and social security45€37k€58k▲
Taxes450/3€13k€12k▼
Remuneration and social security454/9€24k€46k▲
Other amounts payable47/48€62k€95k▲
Income statement
Code20222023
Remuneration, social security and pensions62€79k€53k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€855-
Gross operating margin9900€81k€59k▼
Operating profit (loss)9901€-2k€3k▲
Financial charges65/66B€1k€863▼
Recurring financial charges65€1k€863▼
Profit (loss) for the period before taxes9903€-3k€2k▲
Income taxes67/77-€2k
Profit (loss) for the period9904€-3k€293▲
Profit (loss) for the period to be appropriated9905€-3k€293▲
Appropriation of the result
Profit (loss) to be appropriated9906€52k€52k▲
Profit (loss) brought forward from the previous period14P€55k€52k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Back to profitnet €293
Net result €293 after one loss-making year.
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 42 days late
2022
31-12
Financial
Weakest financial yearnet €-3k ▼123%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Highest result since 2018net €14k ▲40.8%
Operating result €15k, net result €14k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 48 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
04-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 4 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 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, Anderlecht · 1 establishment unit since 1998
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.
Bergense Steenweg 6431070 AnderlechtGround area
228 m²
Building footprint
224 m²
Volume, LiDAR
2,111 m³
Parcel 21308H0513/00F009, Brussels · tallest building 16.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Bergense Steenweg 643, 1070 Anderlecht
since 19982.089.517.580
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0513/00F009 | Brussels | 228 m² | 1 · 224 m² | 16.5 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.
Similar companies · same sector, comparable size
MOUSE & CO
BE 0687.478.293
Anderlecht · Eq €54k
ICT forMore
BE 0552.630.972
Willebroek · Eq €54k
ADR INVEST
BE 0471.364.570
Antwerpen · Eq €54k
MAPLEBURN
BE 0739.867.302
Kapellen · Eq €54k
INTELLIGENT INTEGRATION
BE 0838.909.943
Antwerpen · Eq €54k
Of 3,210 companies in sector 47400 we hold annual accounts for 1,795. 1,433 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-10-1998
Fiscal year end31-12
Activities, NACEBEL
47400Retail sale of information and communication equipment
47430Retail trade
47552Retail sale of lighting equipment
47592Retail trade
52442
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.