ELECTRO WORK TEAM
InactiveELECTRO WORK TEAM was declared bankrupt on 10-02-2025 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed for insufficient assets by judgment of 22-09-2025, published in the Belgian State Gazette on 26-09-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · 5 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 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 04-10-2024, 65 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
65 d late
2022
121 d late
2021
31 d late
2020
45 d late
2019
66 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 66 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2023, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€24,620
2022 · €10,219
Working capital
€3,409▼ 87.8%
2022 · €28,029
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
Line20192020202120222023
Operating result€4,017-€9,629▲ 140%€3,944▼ 59.0%€11,187▲ 184%-€22,298
Net result€4,013-€9,549▲ 138%€2,000▼ 79.1%€10,219▲ 411%-€24,620
Equity€10,213-€19,762▲ 93.5%€17,811▼ 9.9%€28,029▲ 57.4%€3,409▼ 87.8%
Total assets€11,802-€19,762▲ 67.4%€27,274▲ 38.0%€35,659▲ 30.7%€11,453▼ 67.9%
Debt€1,589-€9,463€7,630▼ 19.4%€8,044▲ 5.4%
Working capital€10,213-€17,811€28,029▲ 57.4%€3,409▼ 87.8%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €22,298 after €11,187 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €11,453
Equity
€3,409 ▼ 87.8%
Debt
€8,044 ▲ 5.4%
Debt's share of the balance-sheet total rises from 21.4% to 70.2%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.42▼
2022 · 4.67
Debt to equity
2.36▲
2022 · 0.27
ROE
-722.2%▼
2022 · 36.5%
ROA
-215.0%▼
2022 · 28.7%
Debt ≤ 1 year
€8,044▲
2022 · €7,630
Income taxes
€1,199
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €1,310 | €755 | €710 | ▼ 6.0% |
| Gross operating margin9900 | €4,493 | €10,514 | €5,254 | €11,942 | -€21,588 | ▼ 281% |
| Operating profit (loss)9901 | €4,017 | €9,629 | €3,944 | €11,187 | -€22,298 | ▼ 299% |
| Recurring financial income75 | €2 | - | - | - | - | - |
| Financial charges65/66B | - | - | €1,067 | €968 | €1,123 | ▲ 16.0% |
| Recurring financial charges65 | €6 | €80 | €1,067 | €968 | €1,123 | ▲ 16.0% |
| Profit (loss) for the period before taxes9903 | €4,013 | €9,549 | €2,877 | €10,219 | -€23,421 | ▼ 329% |
| Income taxes67/77 | - | - | €877 | - | €1,199 | - |
| Profit (loss) for the period9904 | €4,013 | €9,549 | €2,000 | €10,219 | -€24,620 | ▼ 341% |
| Profit (loss) for the period to be appropriated9905 | €4,013 | €9,549 | €2,000 | €10,219 | -€24,620 | ▼ 341% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11,802 | €19,762 | €27,274 | €35,659 | €11,453 | ▼ 67.9% |
| Current assets29/58 | €11,802 | €19,762 | €27,274 | €35,659 | €11,453 | ▼ 67.9% |
| Amounts receivable within one year40/41 | €11,086 | €16,927 | €27,274 | €35,659 | €11,453 | ▼ 67.9% |
| Trade receivables40 | - | - | €15,202 | €29,794 | €6,606 | ▼ 77.8% |
| Other amounts receivable41 | - | - | €12,072 | €5,865 | €4,847 | ▼ 17.4% |
| Cash at bank and in hand54/58 | €716 | €1,956 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11,802 | €19,762 | €27,274 | €35,659 | €11,453 | ▼ 67.9% |
| Equity10/15 | €10,213 | €19,762 | €17,811 | €28,029 | €3,409 | ▼ 87.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | - | - | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | - | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | €4,013 | €13,562 | €11,611 | €21,829 | -€2,791 | ▼ 113% |
| Amounts payable17/49 | €1,589 | - | €9,463 | €7,630 | €8,044 | ▲ 5.4% |
| Amounts payable within one year42/48 | €1,589 | - | €9,463 | €7,630 | €8,044 | ▲ 5.4% |
| Financial debts43 | - | - | €5,804 | €5,436 | €5,575 | ▲ 2.5% |
| Credit institutions430/8 | - | - | - | €5,436 | €5,575 | ▲ 2.5% |
| Other loans439 | - | - | €5,804 | - | - | - |
| Trade debts44 | €1,589 | - | €2,798 | €2,186 | €1,835 | ▼ 16.1% |
| Suppliers440/4 | - | - | €2,798 | €2,186 | €1,835 | ▼ 16.1% |
| Taxes, remuneration and social security45 | - | - | €861 | €7 | €634 | ▲ 8,893% |
| Taxes450/3 | - | - | - | €7 | €7 | ▼ 0.7% |
| Remuneration and social security454/9 | - | - | €861 | - | €627 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,013 | €9,549 | €2,000 | €10,219 | -€24,620 | ▼ 341% |
| Operating cash flow (approximation) | €4,013 | €9,549 | €2,000 | €10,219 | -€24,620 | ▼ 341% |
| Change in cash | - | €1,240 | - | - | - | - |
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
2025
26-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 22-09-2025
14-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 10-02-2025
2024
10-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 65 days late
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
31-12
Financial
Weakest financial yearnet -€24,620
Net result drops to -€24,620, the lowest in the series.
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 121 days late
2022
31-12
Financial
Highest result since 2019net €10,219 ▲411%
Operating result €11,187, net result €10,219, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 45 days late
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 66 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JAN BERGMANS BOONHOF 24, 2890. PUURS-SINT-
AMANDS |
10-02-2025 → 22-09-2025 |