Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
The micro format states no turnover.
Ten of the last ten came late. The 2018 accounts came latest: 39 days after the end of the period.
Lower solvency than 95% of companies in specialised construction. Sector median 46.9% · 37,177 companies.
In July 2024, 6,618 companies had the same profile as ELECTROSYSTEM has now. Each dot stands for 17 companies, two years later.
Another 1.0% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,618 companies, not a prediction for ELECTROSYSTEM. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| ELECTROSYSTEM Schaerbeek | €7,675 | €620 | -43.5% | - |
| TRANSPELEC Evere | €7,227 | -€4,618 | -1282.3% | - |
| Etablissements LOUIS John Fosses-la-Ville | €7,746 | -€401 | 84.7% | - |
| JOS LAMBRECHT Ninove | €8,094 | -€3,465 | -272.6% | - |
| DE CABOOTER Zulte | €8,113 | -€749 | -438.4% | - |
| bdb concepts Antwerp | €8,314 | -€2,139 | -250.0% | - |
| PROPOL Etterbeek | €10,764 | -€16,217 | -557.4% | - |
These companies have the same main activity as ELECTROSYSTEM: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €7,230 and €10,800, founded between 2002 and 2006.
ELECTROSYSTEM files the micro format. That format states no turnover. The gross margin fell from €33,430 in 2007 to €620 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €5,100. Estimated: probably between €3,400 and €11,000.
Lower than 95% of 37,177 companies in 2025.
Higher than 10% of 36,472 companies in 2025.
Higher than 6% of 36,707 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
7,675 | 10,680 | 19,542 | 18,036 | 10,041 | 9,767 | 11,776 | 9,485 | 12,384 | 15,687 | 17,788 | 19,540 | 22,638 | 51,764 | 40,298 | 41,114 | 57,936 | 55,938 | 48,157 | |
21/28 |
507 | 1,374 | 2,241 | 118 | 118 | 118 | 118 | 118 | 118 | 320 | 3,965 | 7,152 | 10,742 | 13,892 | 118 | 484 | 911 | 1,794 | 4,159 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 86 | 234 | 382 | 530 | |
22/27 |
389 | 1,256 | 2,123 | - | - | - | - | - | - | 202 | 3,847 | 7,034 | 10,624 | 13,774 | - | 279 | 559 | 1,294 | 3,511 | |
23 |
- | - | - | - | - | - | - | - | - | 202 | 403 | - | - | - | - | - | - | 419 | 1,136 | |
24 |
389 | 1,256 | 2,123 | - | - | - | - | - | - | - | 3,443 | 7,034 | 10,624 | 13,774 | - | 279 | 559 | 875 | 2,375 | |
28 |
118 | 118 | 118 | 118 | 118 | 118 | 118 | 118 | 118 | 118 | 118 | 118 | 118 | 118 | 118 | 118 | 118 | 118 | 118 | |
29/58 |
7,167 | 9,306 | 17,301 | 17,918 | 9,923 | 9,649 | 11,658 | 9,367 | 12,266 | 15,367 | 13,824 | 12,388 | 11,896 | 37,872 | 40,180 | 40,630 | 57,025 | 54,144 | 43,998 | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,829 | - | 18,043 | 14,847 | - | |
37 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,829 | - | 18,043 | 14,847 | - | |
40/41 |
7,167 | 9,306 | 17,147 | 17,764 | 9,769 | 9,372 | 11,166 | 9,107 | 11,663 | 14,611 | 8,248 | 10,555 | 10,427 | 36,784 | 24,056 | 28,965 | 36,012 | 37,033 | 16,768 | |
40 |
- | - | 4,199 | 5,154 | - | - | 4,075 | 6,623 | 8,378 | 5,420 | 6,580 | 6,703 | 7,310 | 34,030 | 19,224 | 22,335 | 24,932 | 27,050 | 11,909 | |
41 |
7,167 | 9,306 | 12,948 | 12,610 | 9,769 | 9,372 | 7,091 | 2,484 | 3,285 | 9,191 | 1,668 | 3,852 | 3,117 | 2,755 | 4,832 | 6,630 | 11,079 | 9,983 | 4,859 | |
54/58 |
- | - | - | - | - | - | - | - | - | - | 4,787 | 1,420 | 604 | - | 10,469 | 11,047 | 2,644 | 1,524 | 26,497 | |
490/1 |
- | - | 154 | 154 | 155 | 277 | 493 | 260 | 603 | 756 | 789 | 413 | 865 | 1,088 | 825 | 617 | 327 | 740 | 733 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
7,675 | 10,680 | 19,542 | 18,036 | 10,041 | 9,767 | 11,776 | 9,485 | 12,384 | 15,687 | 17,788 | 19,540 | 22,638 | 51,764 | 40,298 | 41,114 | 57,936 | 55,938 | 48,157 | |
10/15 |
-3,337 | -1,293 | 7,443 | 8,441 | 1,900 | 5,969 | 5,813 | -8,004 | 682 | 2,792 | 10,976 | 7,509 | 8,795 | 28,480 | 21,004 | 15,837 | 12,628 | 21,450 | 19,921 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 686 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 686 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-11,397 | -9,353 | -617 | 381 | -6,160 | -2,091 | -2,247 | -16,064 | -7,378 | -5,268 | 2,916 | -551 | 735 | 20,420 | 12,944 | 7,777 | 4,568 | 13,390 | 13,035 | |
17/49 |
11,012 | 11,974 | 12,098 | 9,595 | 8,141 | 3,798 | 5,963 | 17,489 | 11,702 | 12,895 | 6,812 | 12,031 | 13,843 | 23,284 | 19,294 | 25,277 | 45,307 | 34,488 | 28,236 | |
42/48 |
11,012 | 11,974 | 12,098 | 9,595 | 8,141 | 3,798 | 5,963 | 17,489 | 11,702 | 12,895 | 6,812 | 12,031 | 13,843 | 23,284 | 19,294 | 25,277 | 45,077 | 34,289 | 28,202 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,667 | 2,500 | |
43 |
9,804 | 9,906 | 9,463 | 5,944 | 5,622 | 3,161 | 3,189 | 9,085 | 9,570 | 4,848 | 2,927 | 2,279 | 4,412 | 6,789 | 274 | - | 4,822 | 5,325 | 516 | |
430/8 |
9,804 | 9,906 | 9,463 | 5,944 | 5,622 | 3,161 | 3,189 | 9,085 | 9,570 | 4,848 | 2,927 | 2,279 | 4,412 | 6,789 | 274 | - | 4,822 | 5,325 | 516 | |
44 |
1,208 | 2,068 | 2,635 | 3,650 | 2,520 | 637 | 2,641 | 3,404 | 2,132 | 8,047 | 3,590 | 9,456 | 9,086 | 14,828 | 16,573 | 20,791 | 31,360 | 24,334 | 22,462 | |
440/4 |
1,208 | 2,068 | 2,635 | 3,650 | 2,520 | 637 | 2,641 | 3,404 | 2,132 | 8,047 | 3,590 | 9,456 | 9,086 | 14,828 | 16,573 | 20,791 | 31,360 | 24,334 | 22,462 | |
45 |
- | - | - | - | - | - | 134 | - | - | - | 295 | 296 | - | 821 | 1,947 | 3,985 | 5,395 | 2,463 | 2,223 | |
450/3 |
- | - | - | - | - | - | 134 | - | - | - | 295 | 296 | - | - | - | - | - | - | - | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 821 | 1,947 | 3,985 | 5,395 | 2,463 | 2,223 | |
47/48 |
- | - | - | - | - | - | - | 5,000 | - | - | - | - | 345 | 845 | 500 | 500 | 3,500 | 500 | 500 | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 230 | 199 | 34 | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | 165 | - | - | - | 986 | - | - | - | |
9900 |
620 | -1,080 | 2,400 | 8,063 | -2,572 | 3,733 | 16,840 | -5,175 | -475 | -3,500 | 9,315 | 3,253 | -15,231 | 15,169 | 28,368 | 33,170 | 20,134 | 18,849 | 33,430 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | 285 | 662 | 904 | 22,016 | 29,545 | 25,435 | 12,913 | 8,578 | |
630 |
867 | 867 | 477 | - | - | - | - | - | 202 | 3,645 | 3,792 | 3,591 | 3,591 | 3,443 | 366 | 427 | 1,721 | 2,366 | 5,016 | |
631/4 |
- | -2,650 | - | - | - | - | 1,325 | 1,115 | - | - | - | -95 | - | - | - | - | 155 | - | 150 | |
640/8 |
743 | 8,643 | 1,215 | 496 | 554 | 2,612 | 910 | 1,697 | 496 | 643 | 1,693 | 1,296 | 744 | 947 | 564 | 564 | 564 | 564 | 717 | |
9901 |
-990 | -7,940 | 707 | 7,567 | -3,126 | 1,121 | 14,605 | -7,987 | -1,173 | -7,788 | 3,830 | -1,824 | -20,228 | 9,875 | 5,423 | 2,633 | -7,740 | 3,007 | 18,970 | |
75/76B |
- | 156 | - | 14 | 1 | 113 | 186 | 123 | 78 | 341 | 282 | 862 | 973 | 4 | - | 96 | - | - | - | |
75 |
- | 156 | - | 14 | 1 | 113 | 186 | 123 | 78 | 341 | 282 | 862 | 973 | 4 | - | 96 | - | - | - | |
65/66B |
1,054 | 953 | 1,705 | 1,040 | 943 | 1,078 | 975 | 822 | 1,015 | 737 | 645 | 489 | 430 | 218 | 256 | 506 | 1,081 | 1,051 | 549 | |
65 |
1,054 | 953 | 983 | 1,040 | 943 | 1,078 | 975 | 822 | 1,015 | 737 | 645 | 489 | 430 | 218 | 256 | 506 | 1,081 | 1,051 | 549 | |
66B |
- | - | 722 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
-2,044 | -8,737 | -998 | 6,541 | -4,069 | 156 | 13,817 | -8,686 | -2,110 | -8,184 | 3,467 | -1,285 | -19,685 | 9,661 | 5,167 | 3,209 | -8,822 | 1,956 | 18,420 | |
67/77 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 2,184 | - | - | - | 427 | 4,699 | |
9904 |
-2,044 | -8,737 | -998 | 6,541 | -4,069 | 156 | 13,817 | -8,686 | -2,110 | -8,184 | 3,467 | -1,285 | -19,685 | 7,477 | 5,167 | 3,209 | -8,822 | 1,528 | 13,721 | |
9905 |
-2,044 | -8,737 | -998 | 6,541 | -4,069 | 156 | 13,817 | -8,686 | -2,110 | -8,184 | 3,467 | -1,285 | -19,685 | 7,477 | 5,167 | 3,209 | -8,822 | 1,528 | 13,721 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-11,397 | -9,353 | -617 | 381 | -6,160 | -2,091 | -2,247 | -16,064 | -7,378 | -5,268 | 2,916 | -551 | 735 | 20,420 | 12,944 | 7,777 | 4,568 | 14,564 | 13,721 | |
14P |
-9,353 | -617 | 381 | -6,160 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,174 | 686 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,174 | 686 | |
| Social balance sheet | ||||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.5 | 1 | 0.9 | 0.4 | 0.2 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 824 | 1,472 | 1,256 | 696 | 466 | |
| Document | ||||||||||||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 27-02-2026.
2025 annual accounts filed 27 days after the deadline. Filed on 27 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00047957.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 27-02-2026 | 2026-00047957 | |
| 30-06-2024 | micro format | 28-02-2025 | 2025-00042294 | |
| 30-06-2023 | micro format | 28-02-2024 | 2024-00038748 | |
| 30-06-2022 | micro format | 24-02-2023 | 2023-00032011 | |
| 30-06-2021 | micro format | 24-02-2022 | 2022-06300207 | |
| 30-06-2020 | micro format | 25-02-2021 | 2021-06300138 | |
| 30-06-2019 | micro format | 27-02-2020 | 2020-05800500 | |
| 30-06-2018 | micro format | 11-03-2019 | 2019-06700137 | |
| 30-06-2017 | micro format | 15-02-2018 | 2018-05000357 | |
| 30-06-2016 | full format | 28-02-2017 | 2017-05500012 | |
| 30-06-2015 | full format | 29-02-2016 | 2016-05400224 | |
| 30-06-2014 | full format | 26-02-2015 | 2015-05100168 | |
| 30-06-2013 | full format | 24-02-2014 | 2014-04700204 | |
| 30-06-2012 | full format | 28-02-2013 | 2013-05300068 | |
| 30-06-2011 | full format | 29-02-2012 | 2012-05000051 | |
| 30-06-2010 | full format | 16-02-2011 | 2011-03800104 | |
| 30-06-2009 | full format | 24-02-2010 | 2010-05300543 | |
| 30-06-2008 | full format | 22-01-2009 | 2009-01900373 | |
| 30-06-2007 | full format | 17-12-2007 | 2007-83600196 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -123 | -7,073 | 1,185 | - | - | - | - | - | -972 | -4,143 | 7,622 | 1,766 | -16,638 | 13,318 | 5,788 | 3,060 | -6,019 | 5,372 | 23,986 | ||
| -1,177 | -7,870 | -521 | - | - | - | - | - | -1,909 | -4,539 | 7,259 | 2,305 | -16,095 | 10,920 | 5,532 | 3,636 | -7,101 | 3,894 | 18,738 | ||
| 0 | 0 | 2,600 | - | - | - | - | - | 0 | 0 | 605 | 0 | 441 | 17,217 | 0 | 0 | 838 | 0 | 7,511 | ||
| - | - | - | - | - | - | - | - | - | - | 3,367 | 817 | - | - | -578 | 8,404 | 1,119 | -24,973 | - | ||
| -3,845 | -2,667 | 5,203 | 8,323 | 1,782 | 5,851 | 5,695 | -8,122 | 564 | 2,472 | 7,012 | 357 | -1,948 | 14,589 | 20,886 | 15,354 | 11,948 | 19,855 | 15,797 | ||
| -43.5% | -12.1% | 38.1% | 46.8% | 18.9% | 61.1% | 49.4% | -84.4% | 5.5% | 17.8% | 61.7% | 38.4% | 38.8% | 55.0% | 52.1% | 38.5% | 21.8% | 38.3% | 41.4% | ||
| 0.65 | 0.78 | 1.43 | 1.87 | 1.22 | 2.54 | 1.95 | 0.54 | 1.05 | 1.19 | 2.03 | 1.03 | 0.86 | 1.63 | 2.08 | 1.61 | 1.27 | 1.58 | 1.56 | ||
| 0.65 | 0.78 | 1.43 | 1.87 | 1.22 | 2.54 | 1.95 | 0.54 | 1.05 | 1.19 | 2.03 | 1.03 | 0.86 | 1.63 | 1.83 | 1.61 | 0.86 | 1.15 | 1.56 | ||
| - | - | 1.63 | 1.14 | 4.28 | 0.64 | 1.03 | - | - | 4.62 | 0.62 | 1.60 | 1.57 | 0.82 | 0.92 | 1.60 | 3.59 | 1.61 | 1.42 | ||
| - | - | -13.4% | 77.5% | -214.1% | 2.6% | 237.7% | - | - | -293.1% | 31.6% | -17.1% | -223.8% | 26.3% | 24.6% | 20.3% | -69.9% | 7.1% | 68.9% | ||
| -26.6% | -81.8% | -5.1% | 36.3% | -40.5% | 1.6% | 117.3% | -91.6% | -17.0% | -52.2% | 19.5% | -6.6% | -87.0% | 14.4% | 12.8% | 7.8% | -15.2% | 2.7% | 28.5% | ||
| -0.12 | -7.42 | 1.21 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €2,600 | - |
| €867 | €867 | €477 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €990, smaller than the loss of €7,940 in 2024.
Equity is negative. Debt (€11,012) exceeds the balance-sheet total (€7,675).
ELECTROSYSTEM has no parent and no holdings in its annual accounts. is the only director. ELECTROSYSTEM shares no director with another company.
| SEVENTY 7
registered office since 14-07-2025 · founded in 2025 · negative equity (2025) |
total assets €23,788 (2025) 1025.173.204 |
| Association des copropriétaires de l'immeuble situé à Schaerbeek, rue Alexandre Markelbach, 77
registered office since 16-01-2009 |
founded in 2009 0809.676.915 |
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Alexandre Markelbachstraat 77 registered office 1030 Schaerbeek | ||
| Achille Detiennestraat 60 1030 Schaerbeek | 31-01-2006 | 2.152.635.183 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21902A0240/00R006 | 102 m² | 1 · 101 m² | 17.1 m · 5 |
| 21906D0019/00B007 | 66 m² | 1 · 66 m² | 16.7 m · 5 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0879.225.816
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