ELECTRO-STEG
ActiveSummary
ELECTRO-STEG has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €37,696 and a net result of €8,113. Equity is growing by ~11.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▲+7
Solvency43▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.85 against 0.86 in 2023; short-term debt: 65.9% and cash: 1.6% of total assets), and 81.5% of the assets are financed with debt.
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Signals
Six 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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
18.5%
Return on assets
4%
Age of the figures
21 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 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
37 d early
2023
42 d early
2022
47 d early
2021
51 d early
2020
28 d late
2019
14 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 17 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€37,696▲ 27.4%
2023 · €29,583
Total assets
€204,264▲ 4.5%
2023 · €195,505
Net result
€8,113
2023 · -€1,009
Working capital
-€20,475▼ 2.4%
2023 · -€19,989
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€66,541-€2,420€1,870-€364€15,799
Net result€52,832above the sector's middle half-€3,409below the sector's middle half€1,597within the sector's middle half-€1,009within the sector's middle half€8,113within the sector's middle half
Equity€32,404within the sector's middle half€28,995within the sector's middle half▼ 10.5%€30,591within the sector's middle half▲ 5.5%€29,583within the sector's middle half▼ 3.3%€37,696within the sector's middle half▲ 27.4%
Total assets€193,931within the sector's middle half▼ 9.1%€174,927within the sector's middle half▼ 9.8%€208,750within the sector's middle half▲ 19.3%€195,505within the sector's middle half▼ 6.3%€204,264within the sector's middle half▲ 4.5%
Debt€161,528▼ 30.9%€145,932▼ 9.7%€178,158▲ 22.1%€165,922▼ 6.9%€166,568▲ 0.4%
Working capital-€33,765below the sector's middle half▲ 55.2%-€26,730below the sector's middle half▲ 20.8%-€14,156below the sector's middle half▲ 47.0%-€19,989below the sector's middle half▼ 41.2%-€20,475below the sector's middle half▼ 2.4%
Solvency16.7%within the sector's middle half▲ 26.3pp16.6%within the sector's middle half▼ 0.1pp14.7%within the sector's middle half▼ 1.9pp15.1%within the sector's middle half▲ 0.5pp18.5%within the sector's middle half▲ 3.3pp
Current ratio0.77below the sector's middle half▲ 0.140.81below the sector's middle half▲ 0.040.90within the sector's middle half▲ 0.090.86within the sector's middle half▼ 0.040.85within the sector's middle half▼ 0.01
Return on assets (ROA)27.2%above the sector's middle half▲ 44.9pp-1.9%below the sector's middle half▼ 29.2pp0.8%within the sector's middle half▲ 2.7pp-0.5%within the sector's middle half▼ 1.3pp4.0%within the sector's middle half▲ 4.5pp
Staff (FTE)1within the sector's middle half▼ 47.4%1=1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €15,799 after a loss of €364 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €204,264
Fixed assets
€90,188 ▲ 26.3%
Current assets
€114,075 ▼ 8.1%
Equity and liabilities €204,264
Equity
€37,696 ▲ 27.4%
Debt
€166,568 ▲ 0.4%
Debt's share of the balance-sheet total falls from 84.9% to 81.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36,197▲
2023 · €14,508
Cash flow
€28,511▲
2023 · €13,864
Quick ratio
0.21▼
2023 · 0.23
Debt to equity
4.42▼
2023 · 5.61
ROE
21.5%▲
2023 · -3.4%
Interest coverage
6.81▲
2023 · 5.84
Debt ≤ 1 year
€134,551▼
2023 · €144,091
Debt > 1 year
€32,017▲
2023 · €21,831
Income taxes
€5,881▲
2023 · €1,203
Staff costs
€36,925▲
2023 · €33,536
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.3%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,984 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €32,119 | €34,195 | €33,536 | €36,925 | ▲ 10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,682 | €12,424 | €18,469 | €14,873 | €20,398 | ▲ 37.2% |
| Other operating charges640/8 | - | €2,676 | €7,352 | €3,356 | €6,064 | ▲ 80.7% |
| Gross operating margin9900 | €113,229 | €44,800 | €61,887 | €51,401 | €79,186 | ▲ 54.1% |
| Operating profit (loss)9901 | €66,541 | -€2,420 | €1,870 | -€364 | €15,799 | ▲ 4,436% |
| Financial income75/76B | - | €1,040 | €3,640 | €3,041 | €3,511 | ▲ 15.5% |
| Recurring financial income75 | €1,676 | €1,040 | €3,640 | €3,041 | €3,511 | ▲ 15.5% |
| Financial charges65/66B | - | €1,625 | €3,298 | €2,483 | €5,316 | ▲ 114% |
| Recurring financial charges65 | €3,737 | €1,625 | €3,298 | €2,483 | €5,316 | ▲ 114% |
| Profit (loss) for the period before taxes9903 | €64,480 | -€3,006 | €2,212 | €194 | €13,994 | ▲ 7,112% |
| Income taxes67/77 | €11,648 | €403 | €615 | €1,203 | €5,881 | ▲ 389% |
| Profit (loss) for the period9904 | €52,832 | -€3,409 | €1,597 | -€1,009 | €8,113 | ▲ 904% |
| Profit (loss) for the period to be appropriated9905 | €52,832 | -€3,409 | €1,597 | -€1,009 | €8,113 | ▲ 904% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €193,931 | €174,927 | €208,750 | €195,505 | €204,264 | ▲ 4.5% |
| Fixed assets21/28 | €81,862 | €62,138 | €86,276 | €71,403 | €90,188 | ▲ 26.3% |
| Intangible fixed assets21 | €620 | €620 | €620 | - | - | - |
| Tangible fixed assets22/27 | €80,845 | €61,122 | €85,259 | €71,006 | €89,792 | ▲ 26.5% |
| Land and buildings22 | - | €43,841 | €40,963 | €38,085 | €35,207 | ▼ 7.6% |
| Plant, machinery and equipment23 | - | €262 | €262 | €262 | €262 | = |
| Furniture and vehicles24 | - | €17,018 | €8,472 | €5,417 | €2,363 | ▼ 56.4% |
| Leasing and similar rights25 | - | - | €35,562 | €27,241 | €51,959 | ▲ 90.7% |
| Financial fixed assets28 | €397 | €397 | €397 | €397 | €397 | = |
| Current assets29/58 | €112,070 | €112,789 | €122,474 | €124,102 | €114,075 | ▼ 8.1% |
| Stocks and contracts in progress3 | €89,221 | €87,397 | €88,220 | €91,241 | €86,417 | ▼ 5.3% |
| Stocks30/36 | - | €87,397 | €88,220 | €91,241 | €86,417 | ▼ 5.3% |
| Amounts receivable within one year40/41 | €17,061 | €16,923 | €18,891 | €17,489 | €22,381 | ▲ 28.0% |
| Trade receivables40 | - | €2,234 | €4,168 | €2,775 | €6,749 | ▲ 143% |
| Other amounts receivable41 | - | €14,689 | €14,723 | €14,713 | €15,633 | ▲ 6.3% |
| Cash at bank and in hand54/58 | €5,439 | €6,455 | €13,839 | €11,517 | €3,290 | ▼ 71.4% |
| Deferred charges and accrued income490/1 | - | €2,014 | €1,524 | €3,856 | €1,986 | ▼ 48.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €193,931 | €174,927 | €208,750 | €195,505 | €204,264 | ▲ 4.5% |
| Equity10/15 | €32,404 | €28,995 | €30,591 | €29,583 | €37,696 | ▲ 27.4% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,878 | €1,878 | €1,878 | €1,878 | €9,991 | ▲ 432% |
| Non-distributable reserves130/1 | - | €1,878 | €1,878 | €1,878 | €1,878 | = |
| Reserves not available under the articles1311 | - | €1,878 | €1,878 | €1,878 | €1,878 | = |
| Distributable reserves133 | - | - | - | - | €8,113 | - |
| Profit (loss) carried forward14 | €11,934 | €8,525 | €10,122 | €9,113 | €9,113 | = |
| Amounts payable17/49 | €161,528 | €145,932 | €178,158 | €165,922 | €166,568 | ▲ 0.4% |
| Amounts payable after more than one year17 | €15,693 | €5,663 | €41,528 | €21,831 | €32,017 | ▲ 46.7% |
| Financial debts170/4 | - | €5,663 | €41,528 | €21,831 | €32,017 | ▲ 46.7% |
| Amounts payable within one year42/48 | €145,835 | €139,519 | €136,630 | €144,091 | €134,551 | ▼ 6.6% |
| Current portion of amounts payable after more than one year42 | - | €8,141 | €12,000 | €13,953 | €15,182 | ▲ 8.8% |
| Trade debts44 | €60,512 | €62,073 | €64,619 | €48,552 | €30,623 | ▼ 36.9% |
| Suppliers440/4 | - | €62,073 | €64,619 | €48,552 | €30,623 | ▼ 36.9% |
| Taxes, remuneration and social security45 | - | €53,804 | €51,511 | €73,086 | €80,246 | ▲ 9.8% |
| Taxes450/3 | - | €43,933 | €42,367 | €64,003 | €70,402 | ▲ 10.0% |
| Remuneration and social security454/9 | - | €9,871 | €9,144 | €9,083 | €9,844 | ▲ 8.4% |
| Other amounts payable47/48 | - | €15,500 | €8,500 | €8,500 | €8,500 | = |
| Accrued charges and deferred income492/3 | - | €751 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,832 | -€3,409 | €1,597 | -€1,009 | €8,113 | ▲ 904% |
| + Depreciation and write-downs630 | €17,682 | €12,424 | €18,469 | €14,873 | €20,398 | ▲ 37.2% |
| Operating cash flow (approximation) | €70,514 | €9,015 | €20,066 | €13,864 | €28,511 | ▲ 106% |
| Investment in fixed assets (approximation) | - | €7,300 | -€42,607 | €0 | -€39,183 | - |
| Change in cash | - | €1,015 | €7,384 | -€2,322 | -€8,226 | ▼ 254% |
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
Next filing, fiscal year 2026, expected by
2026
17-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €8,113
Net result €8,113 after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €1,597
Net result €1,597 after one loss-making year.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
31-12
Financial
Back to profitnet €52,832
Net result €52,832 after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
31-12
Financial
Weakest financial yearnet -€37,650
Net result drops to -€37,650, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Liège · 2 establishment units since 1991
Ground area
5.1 ha
Building footprint
868 m²
Volume, LiDAR
4,928 m³
2 parcels, Wallonia · tallest building 12.9 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Rue du Général-Bertrand 106, 4000 Liège
since 19912.051.501.894
EKECTRI-STEG
since 20012.051.501.993
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62019B0066/00F000 | Wallonia | 5.1 ha | 1 · 810 m² | 12.5 m · 2 fl. |
| 62815C0712/02G002 | Wallonia | 68 m² | 1 · 58 m² | 12.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,238 companies in sector 47789 we hold annual accounts for 1,019. 732 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-02-1991
Fiscal year end31-12
Activities, NACEBEL 2025
46643Wholesale of electrical equipment, including installation materials
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442791142
Registered
01-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.