ELECTROGEL
ActiveSummary
ELECTROGEL has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €354,688 and a net result of €90,225. Equity is growing by ~26.8% per year across the filed fiscal years. Its solvency ranks better than 38% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-11
Solvency61▼-37
Growth77=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 2.28 against 3.93 in 2024; short-term debt: 35.4% and cash: 11.1% of total assets), but 63.9% of the assets are financed with debt.
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Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36.1%
Return on assets
9.2%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
29 d early
2023
35 d early
2022
53 d early
2021
31 d early
2020
25 d late
2019
83 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 5 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€1.1m▲ 3.3%
2021 · €1.1m
EBIT margin
9.6%▼ 0.3pp
2021 · 9.9%
Net result
€90,225▼ 6.3%
2024 · €96,264
Working capital
€442,743▲ 11.3%
2024 · €397,889
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€1.1m▲ 90.6%€1.1m▲ 3.3%
Operating result€106,793€106,484▼ 0.3%€241,974▲ 127%€138,460▼ 42.8%€139,995▲ 1.1%
Net result€88,337€87,688▼ 0.7%€172,077▲ 96.2%€96,264▼ 44.1%€90,225▼ 6.3%
EBIT margin9.9%▲ 21.3pp9.6%▼ 0.3pp
Equity€130,879▲ 58.6%€131,567▲ 0.5%€303,644▲ 131%€399,888▲ 31.7%€354,688▼ 11.3%
Total assets€337,357▲ 82.5%€690,037▲ 105%€355,363▼ 48.5%€545,078▲ 53.4%€981,741▲ 80.1%
Debt€206,478▲ 102%€558,470▲ 170%€51,719▼ 90.7%€135,581▲ 162%€607,167▲ 348%
Working capital€106,453▲ 114%€119,753▲ 12.5%€289,842▲ 142%€397,889▲ 37.3%€442,743▲ 11.3%
Staff (FTE)0.10.8▲ 700%0.5▼ 37.5%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €981,741
Fixed assets
€191,915 ▲ 1,553%
Current assets
€789,827 ▲ 48.1%
Equity and liabilities €981,741
Equity
€354,688 ▼ 11.3%
Provisions
€19,886 ▲ 107%
Debt
€607,167 ▲ 348%
Debt's share of the balance-sheet total rises from 24.9% to 61.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€156,101▲
2024 · €143,105
Cash flow
€106,331▲
2024 · €100,908
Current ratio
2.28▼
2024 · 3.93
Quick ratio
2.01▼
2024 · 3.83
Debt to equity
1.71▲
2024 · 0.34
ROE
25.4%▲
2024 · 24.1%
ROA
9.2%▼
2024 · 17.7%
Interest coverage
10.04▼
2024 · 32.74
Debt ≤ 1 year
€347,083▲
2024 · €135,581
Debt > 1 year
€260,084
Income taxes
€43,901▼
2024 · €44,438
Staff costs
-€146▼
2024 · €2,531
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.1m | €1.1m | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €955,662 | €1.0m | - | - | - | - |
| Remuneration, social security and pensions62 | €790 | €18,525 | €27,017 | €2,531 | -€146 | ▼ 106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,684 | €20,473 | €7,363 | €4,645 | €16,106 | ▲ 247% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €9,609 | €10,278 | ▲ 7.0% |
| Other operating charges640/8 | €20,649 | €1,186 | €18,282 | €6,161 | €2,543 | ▼ 58.7% |
| Gross operating margin9900 | €148,916 | €146,668 | €294,636 | €161,405 | €168,776 | ▲ 4.6% |
| Operating profit (loss)9901 | €106,793 | €106,484 | €241,974 | €138,460 | €139,995 | ▲ 1.1% |
| Financial income75/76B | €4,300 | €923 | €2,072 | €6,612 | €9,679 | ▲ 46.4% |
| Recurring financial income75 | €4,300 | €923 | €2,072 | €6,612 | €9,679 | ▲ 46.4% |
| Financial charges65/66B | €5,166 | €1,817 | €5,971 | €4,371 | €15,549 | ▲ 256% |
| Recurring financial charges65 | €5,166 | €1,817 | €5,971 | €4,371 | €15,549 | ▲ 256% |
| Profit (loss) for the period before taxes9903 | €105,927 | €105,590 | €238,075 | €140,702 | €134,125 | ▼ 4.7% |
| Income taxes67/77 | €17,590 | €17,902 | €65,998 | €44,438 | €43,901 | ▼ 1.2% |
| Profit (loss) for the period9904 | €88,337 | €87,688 | €172,077 | €96,264 | €90,225 | ▼ 6.3% |
| Profit (loss) for the period to be appropriated9905 | €88,337 | €87,688 | €172,077 | €96,264 | €90,225 | ▼ 6.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €337,357 | €690,037 | €355,363 | €545,078 | €981,741 | ▲ 80.1% |
| Fixed assets21/28 | €31,842 | €11,814 | €13,802 | €11,608 | €191,915 | ▲ 1,553% |
| Intangible fixed assets21 | €2,859 | €1,466 | €73 | €0 | €9,122 | - |
| Tangible fixed assets22/27 | €28,983 | €10,348 | €7,524 | €5,403 | €176,587 | ▲ 3,168% |
| Land and buildings22 | €8,658 | €6,168 | €3,676 | €1,318 | €146,084 | ▲ 10,982% |
| Plant, machinery and equipment23 | €581 | €244 | €32 | €2,176 | €2,386 | ▲ 9.7% |
| Furniture and vehicles24 | €10,384 | €3,936 | €3,816 | €1,909 | €28,116 | ▲ 1,373% |
| Leasing and similar rights25 | €9,360 | €0 | - | - | - | - |
| Financial fixed assets28 | - | - | €6,205 | €6,205 | €6,205 | = |
| Current assets29/58 | €305,515 | €678,223 | €341,561 | €533,470 | €789,827 | ▲ 48.1% |
| Stocks and contracts in progress3 | - | €38,685 | €14,787 | €14,787 | €92,534 | ▲ 526% |
| Stocks30/36 | - | €38,685 | €14,787 | €14,787 | €92,534 | ▲ 526% |
| Amounts receivable within one year40/41 | €170,489 | €579,954 | €183,618 | €178,583 | €585,106 | ▲ 228% |
| Trade receivables40 | €165,563 | €552,265 | €163,666 | €149,502 | €379,759 | ▲ 154% |
| Other amounts receivable41 | €4,926 | €27,689 | €19,952 | €29,081 | €205,347 | ▲ 606% |
| Cash at bank and in hand54/58 | €133,576 | €57,959 | €140,058 | €334,611 | €109,397 | ▼ 67.3% |
| Deferred charges and accrued income490/1 | €1,450 | €1,625 | €3,098 | €5,490 | €2,790 | ▼ 49.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €337,357 | €690,037 | €355,363 | €545,078 | €981,741 | ▲ 80.1% |
| Equity10/15 | €130,879 | €131,567 | €303,644 | €399,888 | €354,688 | ▼ 11.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €68,200 | €68,200 | = |
| Reserves13 | €46,382 | €46,382 | €146,382 | €236,426 | €286,488 | ▲ 21.2% |
| Non-distributable reserves130/1 | €6,220 | €6,220 | €6,220 | - | - | - |
| Reserves not available under the articles1311 | €6,200 | €6,200 | €6,200 | - | - | - |
| Other1319 | €20 | €20 | €20 | - | - | - |
| Distributable reserves133 | €40,162 | €40,162 | €140,162 | €236,426 | €286,488 | ▲ 21.2% |
| Profit (loss) carried forward14 | €22,497 | €23,185 | €95,262 | €95,262 | - | - |
| Provisions and deferred taxes16 | - | - | - | €9,609 | €19,886 | ▲ 107% |
| Provisions for liabilities and charges160/5 | - | - | - | €9,609 | €19,886 | ▲ 107% |
| Other liabilities and charges164/5 | - | - | - | €9,609 | €19,886 | ▲ 107% |
| Amounts payable17/49 | €206,478 | €558,470 | €51,719 | €135,581 | €607,167 | ▲ 348% |
| Amounts payable after more than one year17 | €7,416 | - | - | - | €260,084 | - |
| Financial debts170/4 | €7,416 | - | - | - | €260,084 | - |
| Amounts payable within one year42/48 | €199,062 | €558,470 | €51,719 | €135,581 | €347,083 | ▲ 156% |
| Current portion of amounts payable after more than one year42 | €5,873 | €7,416 | - | - | €11,083 | - |
| Trade debts44 | €98,757 | €443,314 | €29,936 | €99,984 | €199,559 | ▲ 99.6% |
| Suppliers440/4 | €98,757 | €443,314 | €29,936 | €99,984 | €199,559 | ▲ 99.6% |
| Taxes, remuneration and social security45 | €54,432 | €20,740 | €20,290 | €35,597 | €31,604 | ▼ 11.2% |
| Taxes450/3 | €54,288 | €20,740 | €20,290 | €35,597 | €31,604 | ▼ 11.2% |
| Remuneration and social security454/9 | €144 | - | - | - | - | - |
| Other amounts payable47/48 | €40,000 | €87,000 | €1,493 | - | €104,838 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €88,337 | €87,688 | €172,077 | €96,264 | €90,225 | ▼ 6.3% |
| + Depreciation and write-downs630 | €20,684 | €20,473 | €7,363 | €4,645 | €16,106 | ▲ 247% |
| Operating cash flow (approximation) | €109,021 | €108,161 | €179,440 | €100,908 | €106,331 | ▲ 5.4% |
| Investment in fixed assets (approximation) | - | -€445 | -€9,351 | -€2,450 | -€196,413 | ▼ 7,916% |
| Change in cash | - | -€75,617 | €82,099 | €194,553 | -€225,214 | ▼ 216% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €172,077 ▲96.2%
Operating result €241,974, net result €172,077, both a record.
31-12
Financial
Liquidity times 5current ratio 6.60
Current ratio from 1.21 to 6.60; short-term debt falls from €558,470 to €51,719.
31-12
Financial
Equity above €200,000Eq €303,644 ▲131%
3 profitable years in a row build equity to €303,644.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €88,337
Net result €88,337 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €130,879 ▲58.6%
Equity rises from €82,542 to €130,879.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
31-12
Financial
Weakest financial yearnet -€74,809
Net result drops to -€74,809, the lowest in the series; recovery starts the following year.
Show earlier events
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 83 days late
2019
31-12
Financial
Equity above €150,000Eq €157,351 ▲34.3%
2 profitable years in a row build equity to €157,351.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 21 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 9 days late
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial 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
Registered office, Gembloux · 1 establishment unit since 1991
Ground area
1,411 m²
Building footprint
209 m²
Volume, LiDAR
644 m³
2 parcels, Wallonia · tallest building 5.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Jean Hinckaert 20, 1380 Lasne
since 19912.052.563.649
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076A0636/00K000 | Wallonia | 836 m² | 1 · 144 m² | 5.6 m · 2 fl. |
| 92053C0001/00A019 | Wallonia | 576 m² | 1 · 64 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
984500109B4380EBDC18
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Of 4,093 companies in sector 43240 we hold annual accounts for 1,634. 1,120 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
Founded29-03-1991
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.