ELECTROCOM
ActiveSummary
The computed 12-month bankruptcy probability of ELECTROCOM is 1.6% (moderate). The annual accounts of ELECTROCOM for fiscal year 2025 show a net loss of 68% of total assets and of 81% of the equity at the start of that year. The 2025 annual accounts show equity of €1,806 and a net result of -€7,554. Equity is shrinking by ~23.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 27% of 4209 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability2▼-47
Solvency41▼-18
Growth44▼-1
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.19 against 1.4 in 2024; short-term debt: 83.8% and cash: 91.7% of total assets), and 83.8% 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
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 2025Solvency, return and age of the figures
Solvency
16.2%
Return on assets
-67.8%
Age of the figures
9 mo
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€7,554
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
on the day
2023
44 d late
2022
17 d early
2021
24 d late
2020
165 d early
2019
61 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 3 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€139,164▼ 14.5%
2024 · €162,723
EBIT margin
-4.8%▼ 5.7pp
2024 · 0.8%
Net result
-€7,554▼ 97.8%
2024 · -€3,820
Working capital
€1,806▼ 75.8%
2024 · €7,479
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
Line20212022202320242025
Turnover€182,305▲ 0.6%€175,517▼ 3.7%€176,843▲ 0.8%€162,723▼ 8.0%€139,164▼ 14.5%
Operating result-€8,898-€10,486▼ 17.9%-€10,537▼ 0.5%€1,345-€6,738
Net result-€9,608-€16,155▼ 68.1%-€15,858▲ 1.8%-€3,820▲ 75.9%-€7,554▼ 97.8%
EBIT margin-4.9%▼ 19.4pp-6.0%▼ 1.1pp-6.0%=0.8%▲ 6.8pp-4.8%▼ 5.7pp
Equity€45,194▼ 17.5%€29,038▼ 35.7%€13,180▼ 54.6%€9,360▼ 29.0%€1,806▼ 80.7%
Total assets€104,415▲ 42.3%€50,305▼ 51.8%€31,511▼ 37.4%€27,835▼ 11.7%€11,143▼ 60.0%
Debt€59,221▲ 219%€21,266▼ 64.1%€18,331▼ 13.8%€18,474▲ 0.8%€9,337▼ 49.5%
Working capital€15,778▼ 40.1%€1,992▼ 87.4%€3,464▲ 73.9%€7,479▲ 116%€1,806▼ 75.8%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6,738 after €1,345 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €11,143
Equity
€1,806 ▼ 80.7%
Debt
€9,337 ▼ 49.5%
Debt's share of the balance-sheet total rises from 66.4% to 83.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€4,857▼
2024 · €9,966
Cash flow
-€5,673▼
2024 · €4,801
Current ratio
1.19▼
2024 · 1.40
Quick ratio
1.09▼
2024 · 1.35
Debt to equity
5.17▲
2024 · 1.97
ROE
-418.2%▼
2024 · -40.8%
ROA
-67.8%▼
2024 · -13.7%
Interest coverage
-18.72▼
2024 · 27.29
Debt ≤ 1 year
€9,337▼
2024 · €18,474
Income taxes
€557▼
2024 · €4,800
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,219 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 88% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.5%
went bankrupt
7.4%
stopped otherwise
88%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 1,219 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €182,305 | €175,517 | €176,843 | €162,723 | €139,164 | ▼ 14.5% |
| Goods, raw materials, services and sundry goods60/61 | €168,096 | €162,938 | €165,597 | €149,344 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,080 | €19,988 | €18,316 | €8,621 | €1,881 | ▼ 78.2% |
| Other operating charges640/8 | €5,026 | €3,077 | €3,467 | €3,412 | €3,580 | ▲ 4.9% |
| Gross operating margin9900 | €14,209 | €12,579 | €11,246 | €13,378 | -€1,277 | ▼ 110% |
| Operating profit (loss)9901 | -€8,898 | -€10,486 | -€10,537 | €1,345 | -€6,738 | ▼ 601% |
| Financial charges65/66B | €710 | €869 | €521 | €365 | €259 | ▼ 29.0% |
| Recurring financial charges65 | €710 | €671 | €463 | €365 | €259 | ▼ 29.0% |
| Non-recurring financial charges66B | - | €198 | €58 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€9,608 | -€11,355 | -€11,058 | €980 | -€6,997 | ▼ 814% |
| Income taxes67/77 | - | €4,800 | €4,800 | €4,800 | €557 | ▼ 88.4% |
| Profit (loss) for the period9904 | -€9,608 | -€16,155 | -€15,858 | -€3,820 | -€7,554 | ▼ 97.8% |
| Profit (loss) for the period to be appropriated9905 | -€9,608 | -€16,155 | -€15,858 | -€3,820 | -€7,554 | ▼ 97.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €104,415 | €50,305 | €31,511 | €27,835 | €11,143 | ▼ 60.0% |
| Fixed assets21/28 | €69,395 | €28,032 | €9,716 | €1,881 | - | - |
| Tangible fixed assets22/27 | €69,395 | €28,032 | €9,716 | €1,881 | - | - |
| Plant, machinery and equipment23 | - | €383 | - | - | - | - |
| Furniture and vehicles24 | €1,360 | - | - | - | - | - |
| Leasing and similar rights25 | €68,035 | €23,887 | €6,895 | - | - | - |
| Other tangible fixed assets26 | - | €3,762 | €2,821 | €1,881 | - | - |
| Current assets29/58 | €35,020 | €22,272 | €21,795 | €25,954 | €11,143 | ▼ 57.1% |
| Stocks and contracts in progress3 | - | - | €4,154 | €929 | €929 | = |
| Stocks30/36 | - | - | €4,154 | €929 | €929 | = |
| Cash at bank and in hand54/58 | €35,020 | €22,272 | €17,641 | €19,698 | €10,214 | ▼ 48.1% |
| Deferred charges and accrued income490/1 | - | - | - | €5,326 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €104,415 | €50,305 | €31,511 | €27,835 | €11,143 | ▼ 60.0% |
| Equity10/15 | €45,194 | €29,038 | €13,180 | €9,360 | €1,806 | ▼ 80.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €31,286 | €31,286 | €31,286 | €31,286 | €31,286 | = |
| Non-distributable reserves130/1 | €2,086 | €2,086 | €2,086 | €2,086 | €31,286 | ▲ 1,400% |
| Legal reserve130 | €2,086 | €2,086 | €2,086 | €2,086 | €2,086 | = |
| Financial assistance1313 | - | - | - | - | €29,200 | - |
| Distributable reserves133 | €29,200 | €29,200 | €29,200 | €29,200 | - | - |
| Profit (loss) carried forward14 | -€4,692 | -€20,848 | -€36,706 | -€40,526 | -€48,080 | ▼ 18.6% |
| Amounts payable17/49 | €59,221 | €21,266 | €18,331 | €18,474 | €9,337 | ▼ 49.5% |
| Amounts payable after more than one year17 | €39,980 | €986 | - | - | - | - |
| Financial debts170/4 | €39,980 | €986 | - | - | - | - |
| Amounts payable within one year42/48 | €19,242 | €20,280 | €18,331 | €18,474 | €9,337 | ▼ 49.5% |
| Current portion of amounts payable after more than one year42 | €11,233 | €11,838 | - | - | - | - |
| Trade debts44 | - | €544 | €1,220 | - | - | - |
| Suppliers440/4 | - | €544 | €1,220 | - | - | - |
| Taxes, remuneration and social security45 | €1,809 | €2,399 | €2,462 | €3,824 | €1,042 | ▼ 72.8% |
| Taxes450/3 | €1,809 | €2,399 | €2,462 | €3,824 | €1,042 | ▼ 72.8% |
| Other amounts payable47/48 | €6,200 | €5,500 | €14,650 | €14,650 | €8,295 | ▼ 43.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,608 | -€16,155 | -€15,858 | -€3,820 | -€7,554 | ▼ 97.8% |
| + Depreciation and write-downs630 | €18,080 | €19,988 | €18,316 | €8,621 | €1,881 | ▼ 78.2% |
| Operating cash flow (approximation) | €8,472 | €3,833 | €2,458 | €4,801 | -€5,673 | ▼ 218% |
| Investment in fixed assets (approximation) | - | €21,375 | €0 | -€786 | - | - |
| Change in cash | - | -€12,748 | -€4,632 | €2,058 | -€9,484 | ▼ 561% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 44 days late
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€16,155
Net result drops to -€16,155, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 24 days late
2021
16-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €20,046
Net result €20,046 after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 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, Schaarbeek · 1 establishment unit since 2001
Ground area
295 m²
Building footprint
156 m²
Volume, LiDAR
1,036 m³
Parcel 21902A0215/00K002, Brussels · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ELECTROCOM
since 20012.101.320.106
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21902A0215/00K002 | Brussels | 295 m² | 1 · 156 m² | 12.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,513 companies in sector 47540 we hold annual accounts for 805. 91 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
Founded18-05-2001
Fiscal year end31-12
Activities, NACEBEL 2025
47540Retail sale of electrical household appliances
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474836972
Also
9925:BE0474836972
Registered
16-07-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.