Electro Services
Bankruptcy closedInactive since 23-04-2026; last annual accounts for fiscal year 2020.
Summary
Electro Services was declared bankrupt on 08-09-2022 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed for insufficient assets by judgment of 14-04-2026, published in the Belgian State Gazette on 20-04-2026.
Signals
1 signal.
+raises risk
Checked, nothing found (1)
History
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Financials · fiscal year 2020, abbreviated schema
Turnover
€201,968▲ 6.4%
2018 · €189,824
EBIT margin
20.6%▼ 8.3pp
2018 · 28.9%
Net result
€15,491▼ 40.4%
2019 · €25,978
Working capital
€122,118▲ 3.9%
2019 · €117,535
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
Line201820192020
Turnover€189,824-€201,968▲ 6.4%
Operating result€54,904-€41,608▼ 24.2%€20,480▼ 50.8%
Net result€36,565-€25,978▼ 29.0%€15,491▼ 40.4%
EBIT margin28.9%-20.6%▼ 8.3pp
Equity€64,736-€90,715▲ 40.1%€106,206▲ 17.1%
Total assets€120,846-€174,300▲ 44.2%€173,189▼ 0.6%
Debt€56,110-€83,586▲ 49.0%€66,983▼ 19.9%
Working capital€64,736-€117,535▲ 81.6%€122,118▲ 3.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2020 is 51% below 2019 and is the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Equity and liabilities €173,189
Equity
€106,206 ▲ 17.1%
Debt
€66,983 ▼ 19.9%
Debt's share of the balance-sheet total falls from 48.0% to 38.7%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
3.39▲
2019 · 3.07
Debt to equity
0.63▲
2019 · 0.30
ROE
14.6%▼
2019 · 28.6%
ROA
8.9%▼
2019 · 14.9%
Debt ≤ 1 year
€51,071▼
2019 · €56,765
Debt > 1 year
€15,912▼
2019 · €26,820
Income taxes
€4,251▼
2019 · €13,799
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €189,824 | €201,968 | - | - |
| Non-recurring operating income76A | - | - | €6,500 | - |
| Other operating charges640/8 | - | - | €115 | - |
| Gross operating margin9900 | €54,966 | €47,407 | €20,595 | ▼ 56.6% |
| Operating profit (loss)9901 | €54,904 | €41,608 | €20,480 | ▼ 50.8% |
| Financial charges65/66B | - | - | €738 | - |
| Recurring financial charges65 | €810 | €1,831 | €738 | ▼ 59.7% |
| Profit (loss) for the period before taxes9903 | €54,094 | €39,777 | €19,742 | ▼ 50.4% |
| Income taxes67/77 | €17,530 | €13,799 | €4,251 | ▼ 69.2% |
| Profit (loss) for the period9904 | €36,565 | €25,978 | €15,491 | ▼ 40.4% |
| Profit (loss) for the period to be appropriated9905 | €36,565 | €25,978 | €15,491 | ▼ 40.4% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €120,846 | €174,300 | €173,189 | ▼ 0.6% |
| Current assets29/58 | €120,846 | €174,300 | €173,189 | ▼ 0.6% |
| Amounts receivable within one year40/41 | €120,451 | €148,914 | €172,452 | ▲ 15.8% |
| Trade receivables40 | - | - | €171,989 | - |
| Other amounts receivable41 | - | - | €464 | - |
| Cash at bank and in hand54/58 | €395 | €25,386 | €737 | ▼ 97.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €120,846 | €174,300 | €173,189 | ▼ 0.6% |
| Equity10/15 | €64,736 | €90,715 | €106,206 | ▲ 17.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €44,276 | €70,255 | €85,746 | ▲ 22.1% |
| Amounts payable17/49 | €56,110 | €83,586 | €66,983 | ▼ 19.9% |
| Amounts payable after more than one year17 | - | €26,820 | €15,912 | ▼ 40.7% |
| Financial debts170/4 | - | - | €15,912 | - |
| Amounts payable within one year42/48 | €56,110 | €56,765 | €51,071 | ▼ 10.0% |
| Current portion of amounts payable after more than one year42 | - | - | €16,156 | - |
| Trade debts44 | €15,961 | €10,196 | €9,189 | ▼ 9.9% |
| Suppliers440/4 | - | - | €9,189 | - |
| Taxes, remuneration and social security45 | - | - | €25,399 | - |
| Taxes450/3 | - | - | €25,399 | - |
| Other amounts payable47/48 | - | - | €328 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,565 | €25,978 | €15,491 | ▼ 40.4% |
| Operating cash flow (approximation) | €36,565 | €25,978 | €15,491 | ▼ 40.4% |
| Change in cash | - | €24,992 | -€24,650 | ▼ 199% |
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
2026
20-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 14-04-2026
2022
14-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 08-09-2022
07-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 250 days late
2020
31-12
Financial
Weakest financial yearnet €15,491 ▼40.4%
Net result drops to €15,491, the lowest in the series.
31-12
Financial
Equity above €100,000Eq €106,206 ▲17.1%
3 profitable years in a row build equity to €106,206.
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 74 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 57 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Beringen
Ground area
3,414 m²
Building footprint
771 m²
Volume, LiDAR
4,039 m³
Parcel 71004A0021/00H000, Flanders · tallest building 5.6 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71004A0021/00H000 | Flanders | 3,414 m² | 1 · 771 m² | 5.6 m · 2 fl. |
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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | HERMAN DRIESSEN SINT-KATARINAPLEIN 15 BUS 3,
3500 HASSELT |
08-09-2022 → 14-04-2026 |
| Curator | ILSE VRANKEN KUNST-
LAAN 10/A01, 3500 HASSELT |
08-09-2022 → 14-04-2026 |
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded29-04-2016
Fiscal year end31-12
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.