ELECTRO-TEC SERVICES
ActiveSummary
The computed 12-month bankruptcy probability of ELECTRO-TEC SERVICES is 5.6% (elevated). The 2024 annual accounts show equity of €57,766 and a net result of -€13,755. Equity remains stable across the filed financial years (±1.8% per year). Its solvency ranks better than 95% of 35,972 sector peers (NACE 43, financial year 2024). The company has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €57,766
- Loss
- -€13,755
- Asparuhov DemirDirector
Why 37raises risk1 change of registered office in 24 monthsFigures for financial year 2024 (filed 27-09-2025)1 financial year not filed after the legal deadline; last filed accounts filed 58 days late; 2 of the last 3 latelowers riskFounded in 2007Show the evidence
Checked score
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 90% on solvency, 46% on liquidity, 4% on profitability and 18% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 43 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
- Resignation: Ahmed Naimi (director)Appointment: Asparuhov Demir (director) ·…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 30 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result stays negative: a loss of €13,437 in 2024 against €3,318 in 2023; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88.1% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 5.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 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 74.5% 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 4,805 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €4,046 | €4,285 | €632 | €239 | €29 | €113 | ▲ 292% |
| Other operating charges640/8 | - | - | - | €386 | €219 | €402 | €154 | ▼ 61.6% |
| Gross operating margin9900 | €13,266 | €20,932 | -€16,695 | €14,674 | €5,122 | -€2,887 | -€13,169 | ▼ 356% |
| Operating profit (loss)9901 | €12,851 | €16,554 | -€21,396 | €13,656 | €4,663 | -€3,318 | -€13,437 | ▼ 305% |
| Financial income75/76B | - | - | - | - | €0 | €1,375 | €0 | ▼ 100.0% |
| Recurring financial income75 | €0 | €0 | €0 | - | €0 | €1,375 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €317 | €286 | €287 | €318 | ▲ 10.7% |
| Recurring financial charges65 | €171 | €289 | €344 | €317 | €286 | €287 | €318 | ▲ 10.7% |
| Profit (loss) for the period before taxes9903 | €12,679 | €16,264 | -€21,739 | €13,339 | €4,377 | -€2,231 | -€13,755 | ▼ 517% |
| Income taxes67/77 | €2,617 | €3,308 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €10,062 | €12,957 | -€21,739 | €13,339 | €4,377 | -€2,231 | -€13,755 | ▼ 517% |
| Profit (loss) for the period to be appropriated9905 | €10,062 | €12,957 | -€21,739 | €13,339 | €4,377 | -€2,231 | -€13,755 | ▼ 517% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €81,143 | €81,494 | €60,114 | €77,999 | €77,259 | €71,881 | €59,294 | ▼ 17.5% |
| Fixed assets21/28 | €1,550 | €6,706 | €2,421 | €1,789 | €1,550 | €1,811 | €1,698 | ▼ 6.3% |
| Tangible fixed assets22/27 | - | €5,156 | €871 | €239 | - | €311 | €198 | ▼ 36.4% |
| Plant, machinery and equipment23 | - | - | - | - | - | €311 | €198 | ▼ 36.4% |
| Furniture and vehicles24 | - | - | - | €239 | - | - | - | - |
| Financial fixed assets28 | €1,550 | €1,550 | €1,550 | €1,550 | €1,550 | €1,500 | €1,500 | = |
| Current assets29/58 | €79,593 | €74,788 | €57,693 | €76,209 | €75,709 | €70,070 | €57,596 | ▼ 17.8% |
| Amounts receivable within one year40/41 | €57,019 | €53,861 | €53,001 | €57,149 | €67,062 | €68,136 | €56,050 | ▼ 17.7% |
| Trade receivables40 | - | - | - | €18,117 | €21,340 | €9,310 | €8,713 | ▼ 6.4% |
| Other amounts receivable41 | - | - | - | €39,032 | €45,722 | €58,825 | €47,337 | ▼ 19.5% |
| Cash at bank and in hand54/58 | €22,574 | €20,267 | €3,905 | €18,596 | €7,817 | €1,611 | €700 | ▼ 56.6% |
| Deferred charges and accrued income490/1 | - | - | - | €465 | €831 | €323 | €847 | ▲ 162% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €81,143 | €81,494 | €60,114 | €77,999 | €77,259 | €71,881 | €59,294 | ▼ 17.5% |
| Equity10/15 | €64,819 | €77,776 | €56,037 | €69,376 | €73,752 | €71,521 | €57,766 | ▼ 19.2% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €56,759 | €69,716 | €47,977 | €61,316 | €65,692 | €63,461 | €49,706 | ▼ 21.7% |
| Amounts payable17/49 | €16,323 | €3,718 | €4,077 | €8,623 | €3,507 | €360 | €1,528 | ▲ 324% |
| Amounts payable within one year42/48 | €16,323 | €3,718 | €4,077 | €8,623 | €3,507 | €360 | €1,528 | ▲ 324% |
| Trade debts44 | €13,695 | €2,794 | €3,116 | €8,623 | €3,507 | €360 | €1,528 | ▲ 324% |
| Suppliers440/4 | - | - | - | €8,623 | €3,507 | €360 | €1,528 | ▲ 324% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,062 | €12,957 | -€21,739 | €13,339 | €4,377 | -€2,231 | -€13,755 | ▼ 517% |
| + Depreciation and write-downs630 | - | €4,046 | €4,285 | €632 | €239 | €29 | €113 | ▲ 292% |
| Operating cash flow (approximation) | €10,062 | €17,003 | -€17,454 | €13,971 | €4,616 | -€2,202 | -€13,642 | ▼ 520% |
| Investment in fixed assets (approximation) | - | -€9,202 | €0 | €0 | €0 | -€290 | €0 | - |
| Change in cash | - | -€2,307 | -€16,362 | €14,691 | -€10,779 | -€6,205 | -€912 | ▲ 85.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 27-09-2025 | 2025-00506911 |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00427851 |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00441836 |
| 31-12-2021 | micro format | 17-10-2022 | 2022-20462550 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-66300522 |
| 31-12-2019 | micro format | 31-08-2020 | 2020-51100311 |
| 31-12-2018 | micro format | 31-08-2019 | 2019-63500557 |
| 31-12-2017 | micro format | 30-09-2018 | 2018-68200265 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-56900224 |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-58300403 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Asparuhov Demir |
|
| Naimi Ahmed |
|
Owners and capital
Capital and shareholders
- Asparuhov Demir 186 shares · 100%
- Ahmed Naimi to Asparuhov Demir 186 shares
- Chaou Nora to Asparuhov Demir 186 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 15-01-2024 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
05-01
Gazette deed
Resignation: Ahmed Naimi (director)Appointment: Asparuhov Demir (director) · Share transfer · Shareholding10 facts ▸
- Share transfer, Ahmed Naimi → Asparuhov Demir
- Share transfer, Chaou Nora → Asparuhov Demir
- Shareholding, 01-01-2026, 186
- General meeting, “bevestigt de geldigheid van de overdracht en beslist deze goed te keuren” (deed in Dutch)
- Registered-office move, Imperiastraat 8 - 1930 Zaventem
- Other provision, “quasi geen activiteiten in boekjaar 2025” (deed in Dutch)
- Director discharge, Asparuhov Demir (director)
- Other provision, “erkent kennis te hebben genomen van de juridische, boekhoudkundige en financiële situatie, verklaart de effecten te verwerven in de staat waarin zij zich bevind…” (deed in Dutch)
- Director resignation, Ahmed Naimi (director)
- Director appointment, Asparuhov Demir (director)
15-01
Gazette deed
Resignation: NAÏMI Ahmed (director)Appointment: NAÏMI Ahmed (director) · Amendment of the articles · Capital conversion11 facts ▸
- General meeting, 20-12-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director resignation, NAÏMI Ahmed (director)
- Director appointment, NAÏMI Ahmed (director (not named in the articles))
- Other provision, “afwezigheid bestuursverbod en faillissement” (deed in Dutch)
- Capital (2 times)
- Director discharge, NAÏMI Ahmed
- Registered office clause, “1851 Grimbergen(Humbeek),Oostvaartdijk 390” (deed in Dutch)
- Power of attorney, Charlotte VAN CAUWELAERT
- Power of attorney
Show earlier events
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0889.308.569
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23094D0041/00F000 | Flanders | 7,975 m² | 1 · 1,789 m² | - |
| 23036B0073/00E000 | Flanders | 172 m² | - | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Algemene electriciteitswerken, installatie en onderhoud van zowel hoog-als laagspanningnetwerken; Installatie en onderhoud van sanitair…” (deed in Dutch)
6 activities (deed in Dutch)
- Algemene electriciteitswerken, installatie en onderhoud van zowel hoog-als laagspanningnetwerken
- Installatie en onderhoud van sanitair, verwarming en airconditioning
- Installatie en onderhoud van alarminstallaties
- Opmaken van plannen met betrekking tot elektriciteitsnetwerken, sanitaire en verwarmingsinstallaties, alsmede voor airconditioning
- Algemene renovatie- en bouwwerken
- Het aankopen en verkopen van allerhande materialen met betrekking tot de hiervoor beschreven activiteiten, inbegrepen onroerende goederen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ELECTRO-TEC SERVICES
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, België en buitenland” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alonedeed of 15-01-2024
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)“Algemene kosten,los van representatie-,reis-en verplaatsingskosten, algemene vergadering beslist kosteloos of niet” (deed in Dutch)1 more provision on this in the deeddeed of 15-01-2024
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deeddeed of 05-01-2026
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager,helft kopers naar evenredigheid aantal aandelen, elke overdracht onder levenden ten bezwarende of kosteloze…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Naar evenredigheid aantal aandelen, inbreng in geld met uitgifte nieuwe aandelen-recht van voorkeur” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of April at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering beslissende in vormen statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Algemene vergadering mag één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen en vergoeding bepalen, bestuurders in functie als…” (deed in Dutch)