ELECTRO St. GERMAIN
ActiveELECTRO St. GERMAIN has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €979k and a net result of €-104k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 62% of 4149 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-32
Solvency72▼-16
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 1.6 against 2.13 in 2024; short-term debt: 39.7% and cash: 25.2% of total assets), but 52.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 · 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.3%
Return on assets
-5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
22 d late
2023
68 d late
2022
32 d late
2021
75 d late
2020
31 d late
2019
126 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-104k
2024 · €11k
2018: €-2k
2019: €-47k
2020: €9k
2021: €179k
2022: €100k
2023: €29k
2024: €11k
2018 → 2025
Working capital
€495k▼ 21.5%
2024 · €630k
2018: €535k
2019: €434k
2020: €412k
2021: €527k
2022: €547k
2023: €587k
2024: €630k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€980k-€1.08M▲ 10.2%€1.10M▲ 2.0%€1.11M▲ 1.0%€979k▼ 12.1%
Operating result€236k-€123k▼ 48.0%€51k▼ 58.7%€37k▼ 27.4%€-73k
Net result€179k-€100k▼ 44.0%€29k▼ 70.9%€11k▼ 62.6%€-104k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €73k after €37k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.07M
Fixed assets
€754k▲ 28.5%
Current assets
€1.32M▲ 11.1%
Equity and liabilities €2.07M
Equity
€979k▼ 12.1%
Debt
€1.09M▲ 65.8%
The debt ratio rises from 37.2% to 52.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-6k▼
2024 · €115k
Cash flow
€-38k▼
2024 · €89k
Solvency
47.3%▼
2024 · 62.8%
Current ratio
1.60▼
2024 · 2.13
Quick ratio
0.91▲
2024 · 0.48
Debt / equity
1.12▲
2024 · 0.59
ROE
-10.7%▼
2024 · 1.0%
ROA
-5.0%▼
2024 · 0.6%
Interest coverage
-0.20▼
2024 · 2.98
Debt
€1.09M▲
2024 · €659k
Debt ≤ 1 year
€824k▲
2024 · €556k
Debt > 1 year
€269k▲
2024 · €103k
Income taxes
€20k▲
2024 · €9k
Staff costs
€148k▼
2024 · €253k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.77M€2.07M▲
Fixed assets21/28€586k€754k▲
Intangible fixed assets21€2k€0▼
Tangible fixed assets22/27€583k€753k▲
Land and buildings22€410k€643k▲
Plant, machinery and equipment23€40k€26k▼
Furniture and vehicles24€52k€26k▼
Leasing and similar rights25€82k€51k▼
Assets under construction and advance payments27-€8k
Financial fixed assets28€500€500=
Current assets29/58€1.19M€1.32M▲
Stocks and contracts in progress3€918k€572k▼
Stocks30/36€918k€572k▼
Amounts receivable within one year40/41€180k€222k▲
Trade receivables40€163k€163k▼
Other amounts receivable41€17k€60k▲
Cash at bank and in hand54/58€81k€522k▲
Deferred charges and accrued income490/1€8k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.77M€2.07M▲
Equity10/15€1.11M€979k▼
Contributions10/11€62k€62k=
Outside capital11€62k€62k=
Other1109/19€62k€62k=
Reserves13€7k€7k=
Non-distributable reserves130/1€7k€7k=
Reserves not available under the articles1311€7k€7k=
Profit (loss) carried forward14€1.04M€910k▼
Amounts payable17/49€659k€1.09M▲
Amounts payable after more than one year17€103k€269k▲
Financial debts170/4€103k€269k▲
Amounts payable within one year42/48€556k€824k▲
Current portion of amounts payable after more than one year42€56k€75k▲
Financial debts43€325k€325k=
Credit institutions430/8€325k€325k=
Trade debts44€94k€256k▲
Suppliers440/4€94k€256k▲
Advances received on contracts in progress46€23k€100k▲
Taxes, remuneration and social security45€53k€37k▼
Taxes450/3€13k€10k▼
Remuneration and social security454/9€41k€27k▼
Other amounts payable47/48€6k€30k▲
Income statement
Code20242025
Remuneration, social security and pensions62€253k€148k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€67k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€290k
Other operating charges640/8€29k€257k▲
Gross operating margin9900€397k€689k▲
Operating profit (loss)9901€37k€-73k▼
Financial income75/76B€22k€18k▼
Recurring financial income75€22k€18k▼
Financial charges65/66B€38k€30k▼
Recurring financial charges65€38k€30k▼
Profit (loss) for the period before taxes9903€20k€-84k▼
Income taxes67/77€9k€20k▲
Profit (loss) for the period9904€11k€-104k▼
Profit (loss) for the period to be appropriated9905€11k€-104k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.04M€940k▼
Profit (loss) brought forward from the previous period14P€1.03M€1.04M▲
Profit to be distributed694/7€0€30k▲
Return on contributions (dividend)694€0€30k▲
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-104k ▼1055%
Net result drops to €-104k, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 22 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 68 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 32 days late
2022
31-12
Financial
Equity above €1MEq €1.08M ▲10.2%
3 profitable years in a row build equity to €1.08M.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 75 days late
2021
31-12
Financial
Highest result since 2018net €179k ▲1948%
Operating result €236k, net result €179k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 126 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 91 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 121 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Huy · 2 establishment units since 1988
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.
Avenue du Bosquet 354500 HuyGround area
1.0 ha
Building footprint
250 m²
Volume, LiDAR
1,546 m³
2 parcels, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
ELECTRO ST GERMAIN
since 19882.038.535.469
Chaussée de Tirlemont(WAN) 1, 4520 Wanze
since 20252.385.611.664
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61007A0127/00V003 | Wallonia | 9,218 m² | - | - |
| 61072A0190/00M000 | Wallonia | 941 m² | 1 · 250 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
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GEBROEDERS BUYSE ELECTRO
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J.D.C. ELECTRONICS
BE 0451.505.603
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BE 0412.116.574
Heusden-Zolder · Eq €964k
Of 1,510 companies in sector 47540 we hold annual accounts for 805. 517 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-05-1988
Fiscal year end31-12
Activities, NACEBEL
47540Retail sale of electrical household appliances
52450
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.