ELECTRO29
InactiveELECTRO29 was declared bankrupt on 18-12-2023 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed by liquidation by judgment of 22-12-2025, published in the Belgian State Gazette on 29-12-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Four 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 30-09-2022, 4 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 · 10 filingsPosition against the passed deadline
30-09-2022 close30-04-2023 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2021 was due by 30-04-2022 and was filed on 09-05-2022, 9 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 · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
9 d late
2020
114 d early
2019
14 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Financials · fiscal year 2021, micro schema
Equity
€68,241▲ 6.8%
2020 · €63,900
Total assets
€459,035▲ 4.6%
2020 · €438,786
Net result
€4,341▼ 66.6%
2020 · €12,993
Working capital
€43,601▲ 4.8%
2020 · €41,596
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
Line2018201920202021
Operating result€10,690-€56,923▲ 432%€27,118▼ 52.4%€8,551▼ 68.5%
Net result€2,139-€45,527▲ 2,029%€12,993▼ 71.5%€4,341▼ 66.6%
Equity€5,379-€50,906▲ 846%€63,900▲ 25.5%€68,241▲ 6.8%
Total assets€431,072-€402,947▼ 6.5%€438,786▲ 8.9%€459,035▲ 4.6%
Debt€425,694-€352,041▼ 17.3%€374,886▲ 6.5%€390,795▲ 4.2%
Working capital-€9,008-€35,264€41,596▲ 18.0%€43,601▲ 4.8%
Staff (FTE)5-2.4▼ 52.0%2.3▼ 4.2%3▲ 30.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2021 is 68% below 2020 and is the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €459,035
Fixed assets
€60,925 ▼ 13.6%
Current assets
€398,110 ▲ 8.1%
Equity and liabilities €459,035
Equity
€68,241 ▲ 6.8%
Debt
€390,795 ▲ 4.2%
Debt's share of the balance-sheet total falls from 85.4% to 85.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18,145▼
2020 · €36,037
Cash flow
€13,935▼
2020 · €21,912
Current ratio
1.12▼
2020 · 1.13
Quick ratio
0.60▼
2020 · 1.06
Debt to equity
5.73▲
2020 · 0.74
ROE
6.4%▼
2020 · 20.3%
ROA
0.9%▼
2020 · 3.0%
Interest coverage
1.70
Debt ≤ 1 year
€354,509▲
2020 · €326,670
Debt > 1 year
€35,299▼
2020 · €46,979
Income taxes
€5,114▲
2020 · €4,525
Staff costs
€171,609
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €171,609 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,027 | €8,694 | €8,919 | €9,594 | ▲ 7.6% |
| Other operating charges640/8 | - | - | - | €2,954 | - |
| Gross operating margin9900 | €196,131 | €164,997 | €132,402 | €192,708 | ▲ 45.5% |
| Operating profit (loss)9901 | €10,690 | €56,923 | €27,118 | €8,551 | ▼ 68.5% |
| Financial income75/76B | - | - | - | €11,598 | - |
| Recurring financial income75 | €185 | €556 | €5,220 | €11,598 | ▲ 122% |
| Financial charges65/66B | - | - | - | €10,695 | - |
| Recurring financial charges65 | €8,737 | €9,711 | €14,819 | €10,695 | ▼ 27.8% |
| Profit (loss) for the period before taxes9903 | €2,139 | €47,768 | €17,519 | €9,455 | ▼ 46.0% |
| Income taxes67/77 | - | €2,241 | €4,525 | €5,114 | ▲ 13.0% |
| Profit (loss) for the period9904 | €2,139 | €45,527 | €12,993 | €4,341 | ▼ 66.6% |
| Profit (loss) for the period to be appropriated9905 | €2,139 | €45,527 | €12,993 | €4,341 | ▼ 66.6% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €431,072 | €402,947 | €438,786 | €459,035 | ▲ 4.6% |
| Fixed assets21/28 | €84,082 | €75,388 | €70,519 | €60,925 | ▼ 13.6% |
| Intangible fixed assets21 | €79,750 | €72,500 | €65,250 | €58,000 | ▼ 11.1% |
| Tangible fixed assets22/27 | €4,332 | €2,888 | €5,269 | €2,925 | ▼ 44.5% |
| Furniture and vehicles24 | - | - | - | €2,925 | - |
| Current assets29/58 | €346,991 | €327,559 | €368,266 | €398,110 | ▲ 8.1% |
| Stocks and contracts in progress3 | €52,085 | €22,213 | €21,323 | €184,745 | ▲ 766% |
| Stocks30/36 | - | - | - | €35,375 | - |
| Contracts in progress37 | - | - | - | €149,371 | - |
| Amounts receivable within one year40/41 | €181,728 | €196,944 | €191,598 | €212,169 | ▲ 10.7% |
| Trade receivables40 | - | - | - | €94,127 | - |
| Other amounts receivable41 | - | - | - | €118,042 | - |
| Cash at bank and in hand54/58 | €678 | €803 | €1,345 | €1,196 | ▼ 11.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €431,072 | €402,947 | €438,786 | €459,035 | ▲ 4.6% |
| Equity10/15 | €5,379 | €50,906 | €63,900 | €68,241 | ▲ 6.8% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Outside capital11 | - | - | - | €25,000 | - |
| Other1109/19 | - | - | - | €25,000 | - |
| Reserves13 | €63,954 | €63,954 | €63,954 | €63,954 | = |
| Non-distributable reserves130/1 | - | - | - | €2,500 | - |
| Reserves not available under the articles1311 | - | - | - | €2,500 | - |
| Distributable reserves133 | - | - | - | €61,454 | - |
| Profit (loss) carried forward14 | -€83,576 | -€38,048 | -€25,055 | -€20,714 | ▲ 17.3% |
| Amounts payable17/49 | €425,694 | €352,041 | €374,886 | €390,795 | ▲ 4.2% |
| Amounts payable after more than one year17 | €68,658 | €58,089 | €46,979 | €35,299 | ▼ 24.9% |
| Financial debts170/4 | - | - | - | €35,299 | - |
| Amounts payable within one year42/48 | €355,999 | €292,295 | €326,670 | €354,509 | ▲ 8.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €11,680 | - |
| Financial debts43 | - | - | - | €2,767 | - |
| Credit institutions430/8 | - | - | - | €2,767 | - |
| Trade debts44 | €318,799 | €257,420 | €275,413 | €291,293 | ▲ 5.8% |
| Suppliers440/4 | - | - | - | €291,293 | - |
| Advances received on contracts in progress46 | - | - | - | €12,546 | - |
| Taxes, remuneration and social security45 | - | - | - | €36,224 | - |
| Taxes450/3 | - | - | - | €4,305 | - |
| Remuneration and social security454/9 | - | - | - | €31,919 | - |
| Accrued charges and deferred income492/3 | - | - | - | €987 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,139 | €45,527 | €12,993 | €4,341 | ▼ 66.6% |
| + Depreciation and write-downs630 | €12,027 | €8,694 | €8,919 | €9,594 | ▲ 7.6% |
| Operating cash flow (approximation) | €14,166 | €54,221 | €21,912 | €13,935 | ▼ 36.4% |
| Investment in fixed assets (approximation) | - | €0 | -€4,050 | €0 | ▲ 100% |
| Change in cash | - | €125 | €543 | -€149 | ▼ 127% |
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
29-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 22-12-2025
20-06
KBO administration
Address struck
Grote Bergen 10 2830 Die Sitzadresse Grote Bergen 10 2830 Willeb-
Willebroek · event 04-06-2025
2023
22-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 18-12-2023
2022
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
30-09
Financial
Highest result since 2018net €45,527 ▲2,029%
Operating result €56,923, net result €45,527, both a record.
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
13-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
29-04
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
05-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 5 days late
2013
06-05
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 6 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | YVES DESUTTER BOONHOF 24, 2890. PUURS-SINT-
AMANDS |
18-12-2023 → 22-12-2025 |
Recognitions · licences · registrations
Dual-learning approval
5 endedInstallateur elektrotechnische basiscomponenten duaal (so)
Residentieel elektrotechnisch installateur (so)
Elektrische installaties duaal (so)
Elektrotechnisch installateur (vwo)
Productieoperator metaal (so)
Identification & contact
Identification
Legal formBVBA
Fiscal year end30-09
Scores and ratios are computed by Checked and are not a credit decision.