ELECTRON LIBRE
ActiveThe file of ELECTRON LIBRE contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
For ELECTRON LIBRE, at least two filing cycles of the annual accounts are missing. The computed 12-month bankruptcy probability is ≥ 25% (high). The 2023 annual accounts show negative equity (€-22k) and a net result of €41k. Equity is shrinking by ~50% per year across the filed fiscal years. Its solvency ranks better than 10% of 1945 sector peers (fiscal year 2023).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record60
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk
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 2023Solvency, return and age of the figures
Solvency
-59%
Return on assets
111.1%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 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 · 6 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-10-2024, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
92 d late
2022
9 d late
2021
304 d late
2020
121 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€41k
2022 · €-55k
Working capital
€-22k▲ 78.4%
2022 · €-101k
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
Line20192020202120222023
Operating result€9k€5k▼ 39.3%€-26k€-52k▼ 105%€46k
Net result€3k€4k▲ 42.2%€-29k€-55k▼ 90.3%€41k
Equity€18k▲ 20.4%€22k▲ 24.1%€-7k€-62k▼ 790%€-22k▲ 65.3%
Total assets€132k▲ 10.9%€119k▼ 9.7%€80k▼ 33.1%€71k▼ 11.1%€37k▼ 48.3%
Debt€114k▲ 9.6%€97k▼ 14.9%€87k▼ 10.7%€133k▲ 53.5%€58k▼ 56.3%
Working capital€-40k▲ 15.4%€-40k▼ 0.9%€-63k▼ 58.2%€-101k▼ 58.8%€-22k▲ 78.4%
Staff (FTE)1,003▲ 125,275%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €46k after a loss of €52k in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €37k
Fixed assets
€175 ▼ 99.5%
Current assets
€36k ▲ 12.3%
Key figures and ratios
EBITDA
€46k▲
2022 · €-33k
Cash flow
€41k▲
2022 · €-36k
Solvency
-59.0%▲
2022 · -87.9%
Current ratio
0.63▲
2022 · 0.24
Debt to equity
-2.70▼
2022 · -2.14
ROA
111.1%▲
2022 · -78.0%
Interest coverage
8.59▲
2022 · -11.69
Debt ≤ 1 year
€58k▼
2022 · €133k
Staff costs
€11k▲
2022 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €32k | €6k | €11k | ▲ 95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €18k | €19k | €19k | €405 | ▼ 97.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2k | €12k | ▲ 387% |
| Other operating charges640/8 | - | - | €3k | €3k | €787 | ▼ 73.6% |
| Non-recurring operating charges66A | - | - | €324 | €222 | €37k | ▲ 16,560% |
| Gross operating margin9900 | €47k | €43k | €29k | €-22k | €107k | ▲ 588% |
| Operating profit (loss)9901 | €9k | €5k | €-26k | €-52k | €46k | ▲ 188% |
| Financial income75/76B | - | - | €78 | €10 | €105 | ▲ 931% |
| Recurring financial income75 | €0 | €70 | €78 | €10 | €105 | ▲ 931% |
| Financial charges65/66B | - | - | €4k | €3k | €5k | ▲ 89.2% |
| Recurring financial charges65 | €4k | €3k | €4k | €3k | €5k | ▲ 89.2% |
| Profit (loss) for the period before taxes9903 | €5k | €3k | €-29k | €-55k | €41k | ▲ 174% |
| Income taxes67/77 | €2k | €-2k | - | - | - | - |
| Profit (loss) for the period9904 | €3k | €4k | €-29k | €-55k | €41k | ▲ 174% |
| Profit (loss) for the period to be appropriated9905 | €3k | €4k | €-29k | €-55k | €41k | ▲ 174% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €132k | €119k | €80k | €71k | €37k | ▼ 48.3% |
| Formation expenses20 | €1k | €896 | €448 | - | - | - |
| Fixed assets21/28 | €81k | €74k | €56k | €38k | €175 | ▼ 99.5% |
| Intangible fixed assets21 | €12k | €8k | €4k | - | - | - |
| Tangible fixed assets22/27 | €69k | €66k | €52k | €37k | - | - |
| Plant, machinery and equipment23 | - | - | €40k | €28k | - | - |
| Furniture and vehicles24 | - | - | €2k | €1k | - | - |
| Other tangible fixed assets26 | - | - | €10k | €8k | - | - |
| Financial fixed assets28 | €160 | €160 | - | €1k | €175 | ▼ 83.4% |
| Current assets29/58 | €50k | €45k | €23k | €32k | €36k | ▲ 12.3% |
| Stocks and contracts in progress3 | €949 | €3k | €3k | €1k | - | - |
| Stocks30/36 | - | - | €3k | €1k | - | - |
| Amounts receivable within one year40/41 | €45k | €36k | €14k | €28k | €25k | ▼ 9.4% |
| Trade receivables40 | - | - | €11k | €28k | €19k | ▼ 33.6% |
| Other amounts receivable41 | - | - | €3k | - | €7k | - |
| Cash at bank and in hand54/58 | €4k | €5k | €7k | €3k | €9k | ▲ 195% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €132k | €119k | €80k | €71k | €37k | ▼ 48.3% |
| Equity10/15 | €18k | €22k | €-7k | €-62k | €-22k | ▲ 65.3% |
| Contributions10/11 | €20k | - | €20k | €20k | €20k | = |
| Outside capital11 | - | - | €20k | €20k | €20k | = |
| Other1109/19 | - | - | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | €-2k | €2k | €-27k | €-82k | €-42k | ▲ 49.4% |
| Amounts payable17/49 | €114k | €97k | €87k | €133k | €58k | ▼ 56.3% |
| Amounts payable after more than one year17 | €25k | €12k | - | - | - | - |
| Amounts payable within one year42/48 | €89k | €85k | €87k | €133k | €58k | ▼ 56.3% |
| Current portion of amounts payable after more than one year42 | - | - | €12k | - | - | - |
| Trade debts44 | €57k | €56k | €46k | €78k | €45k | ▼ 42.8% |
| Suppliers440/4 | - | - | €46k | €78k | €45k | ▼ 42.8% |
| Advances received on contracts in progress46 | - | - | - | €16k | - | - |
| Taxes, remuneration and social security45 | - | - | €9k | €16k | €13k | ▼ 15.6% |
| Taxes450/3 | - | - | €2k | €6k | €12k | ▲ 104% |
| Remuneration and social security454/9 | - | - | €7k | €10k | €1k | ▼ 89.1% |
| Other amounts payable47/48 | - | - | €20k | €23k | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €4k | €-29k | €-55k | €41k | ▲ 174% |
| + Depreciation and write-downs630 | €17k | €18k | €19k | €19k | €405 | ▼ 97.9% |
| Operating cash flow (approximation) | €20k | €22k | €-10k | €-36k | €41k | ▲ 213% |
| Investment in fixed assets (approximation) | - | €-11k | €-1k | €-2k | €38k | ▲ 2,614% |
| Change in cash | - | €1k | €2k | €-3k | €6k | ▲ 279% |
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
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial
Back to profitnet €41k
Net result €41k after 2 loss-making years.
05-12
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise francophone de Bruxelles · event 30-10-2023
17-08
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collective agreement · event 10-08-2023
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 304 days late
2022
31-12
Financial
Weakest financial yearnet €-55k
Net result drops to €-55k, the lowest in the series; recovery starts the following year.
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 121 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Elsene · 1 establishment unit since 2017
Ground area
64 m²
Building footprint
39 m²
Volume, LiDAR
217 m³
Parcel 21447B0306/00X045, Brussels · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Franz Merjaystraat 6, 1050 Elsene
since 20172.263.536.372
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0306/00X045 | Brussels | 64 m² | 1 · 39 m² | 11.5 m · 2 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 4,225 companies in sector 10712 we hold annual accounts for 1,872. 1,289 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
Founded14-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
10820Manufacture of cocoa, chocolate and sugar confectionery
46190Agents in non-specialised wholesale trade
56112Limited-service restaurants, excluding mobile food services
70200Business and other management consultancy
82300Organisation of conventions and trade shows
Contact
E-mail
regis.recour@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.