Electromontage
ActiveSummary
Electromontage has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €735,030 and a net result of €216,887. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 14% of 2076 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+4
Solvency38▼-2
Growth42=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.14 in 2024; short-term debt: 59% and cash: 5.5% of total assets), and 86.8% of the assets are financed with debt.
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Signals
Seven 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
13.2%
Return on assets
3.9%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 2076 sector peers (2025).
NBB · sector comparisonPosition among 2076 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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
2 d late
2024
59 d early
2022
3 d late
2021
5 d early
2020
16 d late
2019
81 d early
2018
80 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 29 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 3 December (4 of the last 5 filed years within 59 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check
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Financials · fiscal year 2025, full schema
In the rankings
#3 company by total assets in Saint-Ghislain, Construction sector#5 oldest company in Saint-Ghislain, Construction sector#6 company by equity in Saint-Ghislain, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€216,887▲ 233%
2024 · €65,221
Working capital
€68,147▼ 84.2%
2024 · €430,230
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220242025
Operating result€262,875▼ 36.1%€226,136▼ 14.0%€213,951▼ 5.4%€169,121-€278,626▲ 64.7%
Net result€179,706above the sector's middle half▼ 33.6%€159,586above the sector's middle half▼ 11.2%€163,095above the sector's middle half▲ 2.2%€65,221within the sector's middle half-€216,887above the sector's middle half▲ 233%
Equity€735,030above the sector's middle half=€735,030above the sector's middle half=€735,030above the sector's middle half=€735,030within the sector's middle half-€735,030within the sector's middle half=
Total assets€2.6mabove the sector's middle half▼ 1.1%€2.8mabove the sector's middle half▲ 5.7%€2.8mabove the sector's middle half▲ 1.4%€4.9mabove the sector's middle half-€5.6mabove the sector's middle half▲ 13.5%
Debt€1.9m▼ 0.5%€2.1m▲ 7.9%€2.1m▲ 1.9%€4.2m-€4.8m▲ 15.9%
Working capital€565,679above the sector's middle half▲ 31.2%€663,284above the sector's middle half▲ 17.3%€603,944above the sector's middle half▼ 8.9%€430,230within the sector's middle half-€68,147within the sector's middle half▼ 84.2%
Solvency27.7%within the sector's middle half▲ 0.3pp26.2%within the sector's middle half▼ 1.5pp25.9%within the sector's middle half▼ 0.4pp15.0%below the sector's middle half-13.2%below the sector's middle half▼ 1.8pp
Current ratio1.35within the sector's middle half▲ 0.081.37within the sector's middle half▲ 0.021.35within the sector's middle half▼ 0.021.14within the sector's middle half-1.02below the sector's middle half▼ 0.12
Return on assets (ROA)6.8%within the sector's middle half▼ 3.3pp5.7%within the sector's middle half▼ 1.1pp5.7%within the sector's middle half=1.3%within the sector's middle half-3.9%within the sector's middle half▲ 2.6pp
Staff (FTE)41above the sector's middle half▼ 1.2%42.1above the sector's middle half▲ 2.7%43.3above the sector's middle half▲ 2.9%47.4above the sector's middle half-43.4above the sector's middle half▼ 8.4%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +233% on 2024. The previous fiscal year ran 18 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 65% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.6m
Fixed assets
€2.2m ▲ 67.1%
Current assets
€3.3m ▼ 6.4%
Equity and liabilities €5.6m
Equity
€735,030 =
Debt
€4.8m ▲ 15.9%
Debt's share of the balance-sheet total rises from 85.0% to 86.8%. Debt is higher.
Key figures and ratios
EBITDA
€651,845▲
2024 · €299,007
Cash flow
€590,107▲
2024 · €195,107
Quick ratio
0.99▼
2024 · 1.09
Debt to equity
6.56▲
2024 · 5.67
ROE
29.5%▲
2024 · 8.9%
Interest coverage
13.28▲
2024 · 7.78
Debt ≤ 1 year
€3.3m▲
2024 · €3.1m
Debt > 1 year
€1.5m▲
2024 · €1.0m
Income taxes
€12,653▼
2024 · €65,467
Staff costs
€3.2m▼
2024 · €4.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 4,681 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 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2.2m | €2.2m | €4.3m | €3.2m | ▼ 25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €223,547 | €177,495 | €146,263 | €129,886 | €373,220 | ▲ 187% |
| Other operating charges640/8 | - | €33,516 | €39,237 | €58,772 | €39,462 | ▼ 32.9% |
| Gross operating margin9900 | €2.5m | €2.6m | €2.6m | €4.7m | €3.9m | ▼ 16.2% |
| Operating profit (loss)9901 | €262,875 | €226,136 | €213,951 | €169,121 | €278,626 | ▲ 64.7% |
| Financial charges65/66B | - | €14,946 | €15,556 | €38,433 | €49,085 | ▲ 27.7% |
| Recurring financial charges65 | €20,742 | €14,946 | €15,556 | €38,433 | €49,085 | ▲ 27.7% |
| Profit (loss) for the period before taxes9903 | €242,134 | €211,190 | €198,395 | €130,688 | €229,540 | ▲ 75.6% |
| Income taxes67/77 | €62,427 | €51,604 | €35,300 | €65,467 | €12,653 | ▼ 80.7% |
| Profit (loss) for the period9904 | €179,706 | €159,586 | €163,095 | €65,221 | €216,887 | ▲ 233% |
| Profit (loss) for the period to be appropriated9905 | €179,706 | €159,586 | €163,095 | €65,221 | €216,887 | ▲ 233% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.6m | €2.8m | €2.8m | €4.9m | €5.6m | ▲ 13.5% |
| Fixed assets21/28 | €472,478 | €335,140 | €509,996 | €1.3m | €2.2m | ▲ 67.1% |
| Tangible fixed assets22/27 | €431,408 | €315,556 | €490,412 | €1.2m | €2.1m | ▲ 72.5% |
| Land and buildings22 | - | €124,048 | €213,196 | €209,694 | €211,184 | ▲ 0.7% |
| Plant, machinery and equipment23 | - | €12,353 | €6,355 | €32,942 | €37,261 | ▲ 13.1% |
| Furniture and vehicles24 | - | €179,155 | €270,861 | €269,913 | €295,413 | ▲ 9.4% |
| Leasing and similar rights25 | - | - | - | €713,473 | €1.6m | ▲ 120% |
| Financial fixed assets28 | €41,070 | €19,585 | €19,585 | €97,909 | €97,909 | = |
| Current assets29/58 | €2.2m | €2.5m | €2.3m | €3.6m | €3.3m | ▼ 6.4% |
| Stocks and contracts in progress3 | €156,568 | €157,140 | €165,462 | €133,076 | €98,018 | ▼ 26.3% |
| Stocks30/36 | - | €157,140 | €165,462 | €133,076 | €98,018 | ▼ 26.3% |
| Amounts receivable within one year40/41 | €1.7m | €1.5m | €1.4m | €3.2m | €2.9m | ▼ 8.8% |
| Trade receivables40 | - | €1.4m | €1.3m | €3.1m | €2.8m | ▼ 8.8% |
| Other amounts receivable41 | - | €59,117 | €79,521 | €97,767 | €88,833 | ▼ 9.1% |
| Cash at bank and in hand54/58 | €350,023 | €834,669 | €732,582 | €224,749 | €303,732 | ▲ 35.1% |
| Deferred charges and accrued income490/1 | - | €22,122 | €15,255 | €25,594 | €33,429 | ▲ 30.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.6m | €2.8m | €2.8m | €4.9m | €5.6m | ▲ 13.5% |
| Equity10/15 | €735,030 | €735,030 | €735,030 | €735,030 | €735,030 | = |
| Contributions10/11 | - | €240,000 | €240,000 | €240,000 | €240,000 | = |
| Reserves13 | €495,030 | €495,030 | €495,030 | €495,030 | €495,030 | = |
| Non-distributable reserves130/1 | - | €24,000 | €24,000 | €24,000 | €24,000 | = |
| Reserves not available under the articles1311 | - | €24,000 | €24,000 | €24,000 | €24,000 | = |
| Tax-exempt reserves132 | - | €18,200 | €18,200 | €18,200 | €18,200 | = |
| Distributable reserves133 | - | €452,830 | €452,830 | €452,830 | €452,830 | = |
| Amounts payable17/49 | €1.9m | €2.1m | €2.1m | €4.2m | €4.8m | ▲ 15.9% |
| Amounts payable after more than one year17 | €303,128 | €262,891 | €378,407 | €1.0m | €1.5m | ▲ 51.7% |
| Financial debts170/4 | - | €262,891 | €378,407 | €1.0m | €1.5m | ▲ 51.7% |
| Amounts payable within one year42/48 | €1.6m | €1.8m | €1.7m | €3.1m | €3.3m | ▲ 4.3% |
| Current portion of amounts payable after more than one year42 | - | €107,694 | €137,188 | €251,116 | €448,321 | ▲ 78.5% |
| Financial debts43 | - | €26,552 | €25,294 | €81,948 | €66,893 | ▼ 18.4% |
| Credit institutions430/8 | - | €26,552 | €25,294 | €81,693 | €66,893 | ▼ 18.1% |
| Other loans439 | - | - | - | €255 | - | - |
| Trade debts44 | €900,223 | €1.0m | €769,902 | €1.4m | €1.4m | ▲ 2.1% |
| Suppliers440/4 | - | €1.0m | €769,902 | €1.4m | €1.4m | ▲ 2.1% |
| Taxes, remuneration and social security45 | - | €281,950 | €259,942 | €485,968 | €446,633 | ▼ 8.1% |
| Taxes450/3 | - | €37,365 | €13,375 | €13,278 | €69,399 | ▲ 423% |
| Remuneration and social security454/9 | - | €244,585 | €246,567 | €472,691 | €377,234 | ▼ 20.2% |
| Other amounts payable47/48 | - | €366,589 | €532,802 | €927,419 | €889,046 | ▼ 4.1% |
| Accrued charges and deferred income492/3 | - | €503 | €503 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €179,706 | €159,586 | €163,095 | €65,221 | €216,887 | ▲ 233% |
| + Depreciation and write-downs630 | €223,547 | €177,495 | €146,263 | €129,886 | €373,220 | ▲ 187% |
| Operating cash flow (approximation) | €403,253 | €337,081 | €309,359 | €195,107 | €590,107 | ▲ 202% |
| Investment in fixed assets (approximation) | - | -€40,157 | -€321,119 | - | -€1.3m | - |
| Change in cash | - | €484,647 | -€102,087 | - | €78,983 | - |
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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 2 days late
2024
03-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial
Weakest financial yearnet €65,221 ▼60%
Net result drops to €65,221, the lowest in the series; recovery starts the following year.
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 3 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 16 days late
2020
11-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
12-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
05-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
26-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
22-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Saint-Ghislain · 1 establishment unit since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zone art. de la Rivièrette(SG) 677330 Saint-Ghislain1 establishment unit
ELECTROMONTAGE SA
since 19882.035.170.163
Recognitions · licences · registrations
Recognised contractor
6 categoriesElectromontage SA27208
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Of 22,827 companies in sector 43211 we hold annual accounts for 10,338. 5,533 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-02-1988
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433349676
Registered
26-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.