Equity
€222,458 from €498,221 in 2024
Equity fell by 55% in 1 year.
ElectroNet
Lifetime
7 annual accounts with figures on one time axispeak €887,602 (2024)
€72,935▼ 91.8%
lowest -€275,764 (2025)
-€275,764▼ €621,678
peak €498,221 (2024)
€222,458▼ 55.3%
€462,188▼ 25.1%
Board1 name since 2018
1 directorCALISKAN Murtaza
Documentsfilings and deeds
23-07-20268 days before the deadline
2025micro format
Gross margin from €887,602 to €72,935Loss of €275,764Equity from €498,221 to €222,458Debts from €617,440 to €462,188Cash from €40,639 to €230,791
Key points
from the 2025 annual accountsResult
-€275,764 -€275,764
From profit to loss in 2025, after a profit of €345,914 in 2024.
Turnover
≈ €290,000 estimated
The micro format states no turnover.
Liquidity
1.48 was 3.41 in 2024
Short-term debts rose from €327,050 to €462,188.
Filings
7 annual accounts 4 late
The 2024 accounts came latest: 91 days after the end of the period.
Position in the sector
-€275,764
Lower net result than 95% of companies in specialised construction. Sector median €10,190 · 35,144 companies.
Checked score
54
Fair
Financially stronger than 30% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.6%▼ -0.1 percentage points vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025lowest value
04-2025: 0.7%▲ +0.1 percentage points vs 03-2025
05-2025: 0.8%▲ +0.1 percentage points vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 0.9%▲ +0.1 percentage points vs 06-2025
08-2025: 1.6%▲ +0.7 percentage points vs 07-2025
09-2025: 1.9%▲ +0.3 percentage points vs 08-2025
10-2025: 3.9%▲ +2.0 percentage points vs 09-2025highest value
11-2025: 1.8%▼ -2.1 percentage points vs 10-2025
12-2025: 1.8%● unchanged vs 11-2025
01-2026: 1.8%● unchanged vs 12-2025
02-2026: 1.8%● unchanged vs 01-2026
03-2026: 1.9%▲ +0.1 percentage points vs 02-2026
04-2026: 1.0%▼ -0.9 percentage points vs 03-2026
05-2026: 1.1%▲ +0.1 percentage points vs 04-2026
06-2026: 1.0%▼ -0.1 percentage points vs 05-2026
07-2026: 1.2%▲ +0.2 percentage points vs 06-2026
08-2026: 0.8%▼ -0.4 percentage points vs 07-2026
09-2026: 0.8%● unchanged vs 08-2026
10-2026: 0.8%● unchanged vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €275,764 (financial year 2025)
1 of the last 3 accounts late
lowers risk
Size: total assets €684,646
Liquidity: current ratio 1.48, cash €230,791
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 34% of them on solvency, 53% on liquidity, 24% on profitability and 8% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 224 companies had the same profile as ElectroNet has now. Each dot is one company, two years later.
88.4%
were still trading
7.1%
stopped another way
4.0%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ElectroNet itself is lower: 0.8% within 12 months. It rests on far more data about ElectroNet than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 224 companies, not a prediction for ElectroNet. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €12,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.48 (3.41 in 2024), below the usual 1.5. Short-term debt is 67.5% and cash 33.7% of total assets. 67.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 23-07-2026, 8 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
8 days early
2024
91 days late
2023
30 days late
2022
28 days late
2021
19 days late
2020
61 days early
2019
76 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 3 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (4 of the last 5 accounts filed within 36 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- CALISKAN Murtaza 99 sharesdeed of 06-11-2018
- BILICAN Selcan 1 sharedeed of 06-11-2018
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0712798857
Registered office moved from Beringen to Zaventem
New registered office: Hermesstraat 4 bus A, 1930 Zaventem · Previous registered office: Beverlosesteenweg 440 bus 1, 3582 Beringen · General meeting of 02-01-2024 · Gazette deed
1 director resigning, 1 reappointment
Resignation: CALISKAN Murtaza · Reappointment: CALISKAN Murtaza (director) · Permanent representative: CALISKAN Murtaza · General meeting of 13-12-2023 · Gazette deed
Registered office moved within Beringen
New registered office: Beverlosesteenweg 440 bus 1, 3582 Beringen · Previous registered office: Hoevestraat 55, 3580 Beringen · General meeting of 01-08-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ElectroNet Zaventem | €684,646 | €72,935 | 32.5% | - |
| ELEKTRO BERGMANS Malle | €659,674 | €67,453 | 69.6% | - |
| ELEKTROFLOW Pittem | €669,863 | €72,068 | 24.8% | - |
| MULLERELECTRIC Malmedy | €636,020 | €78,297 | 91.8% | - |
| Borgo Elektriciteit Evergem | €621,094 | €77,105 | 23.0% | - |
| MANEMI Moorslede | €677,230 | €80,269 | 33.7% | - |
| ASB Heusden-Zolder | €731,658 | €74,527 | 31.4% | - |
These companies have the same main activity as ElectroNet: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €621,000 and €732,000, founded between 2018 and 2019.
Official details
Source: KBO- Status
- Active since 02-11-2018Normal situation
- Activity
- General electrical installation workNACE 43211and 1 other
- Establishment unit
- 2.281.286.9761930 Zaventem, since 02-11-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 31-10-2025
Annual accounts 2025
- €684,646▼ 38.6%
- Filing
- Filed on 23-07-2026, 8 days before the end of the filing period
Insights on ElectroNet
ElectroNet files the micro format. That format states no turnover. The gross margin rose from €9,419 in 2019 to €72,935 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ElectroNet
- What is the company number of ElectroNet?
- The company number of ElectroNet is 0712.798.857. The VAT number is the same number with BE in front: BE 0712.798.857.
- Where is ElectroNet based?
- The registered office is at Hermesstraat 4, 1930 Zaventem.Company details
- What does ElectroNet do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of ElectroNet?
- ElectroNet is a private limited company (BV).
- When was ElectroNet founded?
- ElectroNet was founded on 02-11-2018.
- Is ElectroNet still active?
- Yes, ElectroNet is an active enterprise in the KBO register.
- What is the turnover of ElectroNet?
- The turnover in financial year 2025 is ≈ €290,000. This figure is estimated from the gross margin of €72,935 and 40 comparable companies (NACE 43211). It probably lies between €170,000 and €450,000. In financial year 2022 turnover was €837,026.Financials
- Is ElectroNet profitable?
- In financial year 2025, ElectroNet made a loss of €275,764.
- Where can I find the annual accounts of ElectroNet?
- ElectroNet filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ElectroNet due?
- ElectroNet must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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