Financials
- Fiscal year
- 2024
- Turnover
- €6.1m
- Profit
- €559,965
- Solvency
- 54.4%
Turnover▲ 17.7%
Net result
20182024
ELECTROCOAT GENK
ActiveSummary
ELECTROCOAT GENK has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.1m and a net result of €559,965. Equity is growing by ~15.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Activity
Manufacture of fabricated metal products, except machinery and equipment
NACE 25120Coating of metals NACE 25510Manufacture of fabricated metal products, except machinery and equipment NACE 25610
#8 company by staff growth in Genk, Manufacturing sector1 site
Size
€6.1mturnover 2024
- Staff
- 22.3 FTE
- Equity
- €2.1m
- Profit
- €559,965
Structure
- Parent
- WEERT GROEP INVEST BELGIE · 99.99%
Accounts 42 d early0 of 13 deeds read
Why 85- Figures for FY 2024 (filed 10-07-2025)+ Founded in 1990+ Equity €2.1m (54.4% of total assets)+ Profit of €559,965 (FY 2024)Show the evidence
Checked score
Score 2024
85
/ 100
Excellent
Probability in this band: under 0.55%
Better than 70% of its sector peers (NACE 25, small)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
79+9
equity 54.4% of total assets
Liquidity
43+10
short-term debt 43.5% · cash 10.9%
Profitability
84+6
return on assets 14.8%
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 16 months
07-2025: 0.4%
08-2025: 0.1%▼ -73.8% vs 07-2025
09-2025: 0.1%● 0.0% vs 08-2025
10-2025: 0.1%● 0.0% vs 09-2025
11-2025: 0.1%● 0.0% vs 10-2025
12-2025: 0.1%● 0.0% vs 11-2025
01-2026: 0.1%● 0.0% vs 12-2025
02-2026: 0.1%▼ -4.3% vs 01-2026lowest value
03-2026: 0.1%▲ +20.5% vs 02-2026
04-2026: 0.1%▼ -0.9% vs 03-2026
05-2026: 0.1%▲ +7.6% vs 04-2026
06-2026: 0.1%▲ +1.8% vs 05-2026
07-2026: 0.1%▲ +5.2% vs 06-2026
08-2026: 0.2%▲ +99.2% vs 07-2026
09-2026: 0.3%▲ +20.7% vs 08-2026
10-2026: 0.5%▲ +62.5% vs 09-2026highest value
- Figures for FY 2024 (filed 10-07-2025) raises the probability
- Founded in 1990 lowers the probability for this profile
- Equity €2.1m (54.4% of total assets) lowers the probability
- Profit of €559,965 (FY 2024) lowers the probability
Credit up to €170,000 at 30 days acceptable
Liquidity tight (current ratio 1.13 against 0.94 in 2023; short-term debt: 43.5% and cash: 10.9% of total assets), and 45.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 25, small). Better than this share of them on solvency 64%, liquidity 44%, profitability 82%, growth against the median 90%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 d early
2024
22 d early
2023
65 d early
2022
56 d early
2021
73 d early
2020
72 d early
2019
77 d early
← 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 58 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 5 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Annual accounts filedfiscal year 2024 · full…
- Highest result since 2018net €559,965 ▲64.2%
Key points
- Positive: Result rose in 2024from €341,125 to €559,965 ▲ 64.2% View
- Positive: Company by staff growth in Genk, Manufacturing sectorin the Checked rankings #8 View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Controlled by WEERT GROEP INVEST BELGIEultimately: VERCOAT INVEST BV 99.99% View
By topic
Board & ownership
- Parent
- WEERT GROEP INVEST BELGIE · 99.99%
Network & group
- Group
- VERCOAT INVEST BV
Timeline
- Events
- 16
- Since
- 2017
- Next accounts
- by 31-07-2027
- 19-06-2026Annual accounts filed
- 09-07-2025Annual accounts filed
- 31-12-2024Highest result since 2018
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Manufacture of fabricated metal products, except machinery and…NACE 25120
- Founded
- 20-06-1990
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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