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ELECTROSYSTEM

Active Private limited company (pre-2019)founded 2006active for 20 yearsAlexandre Markelbachstraat 77, 1030 SchaerbeekKBO/BCE: BE 0879.225.816

Overview

Lifetime

19 annual accounts with figures on one time axis
peak €33,430 (2007)
€620▲ €1,700
lowest -€19,685 (2013)
-€2,044▲ €6,693
peak €28,480 (2012)
-€3,337▼ €2,044
€11,012▼ 8.0%
peak 1 FTE (2010)
-not published
Board1 name since 2013
1 director
Documentsfilings and deeds
27-02-202627 days late
2025micro format
Gross margin from -€1,080 to €620Loss of €2,044Equity from -€1,293 to -€3,337

Key points

from the 2025 annual accounts

Equity

-€3,337
202020212022202320242025

Debts exceed assets in financial year 2025.

Losses

-€11,779 in three years
-9982023-8,7372024-2,0442025

Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.

Turnover

≈ €5,100 estimated

The micro format states no turnover.

Debts

€11,012 143% of the balance sheet
Financial debts 89%Suppliers 11%

Filings

19 annual accounts since 2007
deadline2010201520202025

Ten of the last ten came late. The 2018 accounts came latest: 39 days after the end of the period.

Position in the sector

-43.5%

Lower solvency than 95% of companies in specialised construction. Sector median 46.9% · 37,177 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 6,618 companies had the same profile as ELECTROSYSTEM has now. Each dot stands for 17 companies, two years later.

84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
  • Micro
  • 20 years or older
  • negative equity
  • a loss of 10% of the balance sheet or more

Another 1.0% stopped without a precise date, possibly only after those two years.

Test of the method

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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

Credit verdict

Credit check for an amount and term of your choice

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.

Signals

Board and ownership

Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0879225816
Incorporation published on 20-02-2006 · Gazette deed
First establishment Achille Detiennestraat 60, Schaerbeek
All 28 events

Comparable companies

same main activity, similar in size and age
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.

Official details

Source: KBO
Status
Active since 08-02-2006Normal situation
Activity
General electrical installation workNACE 43211and 2 others
Establishment unit
2.152.635.1831030 Schaerbeek, since 31-01-2006
Financial year end
30 June
Peppol
Reachable since 24-04-2026
Company details

Annual accounts to 30-06-2025

€620
€2,044▼ 76.6%
-€3,337▼ 158%
€7,675▼ 28.1%
Filing
Filed on 27-02-2026
Financials

Insights on ELECTROSYSTEM

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.

Financials

Annual accounts 2025

micro format, filed on 27-02-2026, 27 days late
€620
▲ €1,700
-€990
▲ €6,950
-€2,044
▲ €6,693
-€3,845
▼ €1,177
-43.5%
▼ 31.4 percentage points
0.65
▼ 0.13

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.

Balance sheet

balance sheet total €7,675 on 30-06-2025
What the company ownsHow it is paid for

in euro

Position in the sector

-43.5%

Lower than 95% of 37,177 companies in 2025.

0.65

Higher than 10% of 36,472 companies in 2025.

-26.6%

Higher than 6% of 36,707 companies in 2025.

ELECTROSYSTEM Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 7,67510,68019,54218,03610,0419,76711,7769,48512,38415,68717,78819,54022,63851,76440,29841,11457,93655,93848,157
21/28 5071,3742,2411181181181181181183203,9657,15210,74213,8921184849111,7944,159
21 ---------------86234382530
22/27 3891,2562,123------2023,8477,03410,62413,774-2795591,2943,511
23 ---------202403------4191,136
24 3891,2562,123-------3,4437,03410,62413,774-2795598752,375
28 118118118118118118118118118118118118118118118118118118118
29/58 7,1679,30617,30117,9189,9239,64911,6589,36712,26615,36713,82412,38811,89637,87240,18040,63057,02554,14443,998
3 --------------4,829-18,04314,847-
37 --------------4,829-18,04314,847-
40/41 7,1679,30617,14717,7649,7699,37211,1669,10711,66314,6118,24810,55510,42736,78424,05628,96536,01237,03316,768
40 --4,1995,154--4,0756,6238,3785,4206,5806,7037,31034,03019,22422,33524,93227,05011,909
41 7,1679,30612,94812,6109,7699,3727,0912,4843,2859,1911,6683,8523,1172,7554,8326,63011,0799,9834,859
54/58 ----------4,7871,420604-10,46911,0472,6441,52426,497
490/1 --1541541552774932606037567894138651,088825617327740733
Balance sheet: equity and liabilities
10/49 7,67510,68019,54218,03610,0419,76711,7769,48512,38415,68717,78819,54022,63851,76440,29841,11457,93655,93848,157
10/15 -3,337-1,2937,4438,4411,9005,9695,813-8,0046822,79210,9767,5098,79528,48021,00415,83712,62821,45019,921
10/11 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
100 ------18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
101 ------12,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,400
13 1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860686
130/1 1,8601,8601,8601,8601,8601,860-------------
130 ------1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860686
1311 1,8601,8601,8601,8601,8601,860-------------
14 -11,397-9,353-617381-6,160-2,091-2,247-16,064-7,378-5,2682,916-55173520,42012,9447,7774,56813,39013,035
17/49 11,01211,97412,0989,5958,1413,7985,96317,48911,70212,8956,81212,03113,84323,28419,29425,27745,30734,48828,236
42/48 11,01211,97412,0989,5958,1413,7985,96317,48911,70212,8956,81212,03113,84323,28419,29425,27745,07734,28928,202
42 -----------------1,6672,500
43 9,8049,9069,4635,9445,6223,1613,1899,0859,5704,8482,9272,2794,4126,789274-4,8225,325516
430/8 9,8049,9069,4635,9445,6223,1613,1899,0859,5704,8482,9272,2794,4126,789274-4,8225,325516
44 1,2082,0682,6353,6502,5206372,6413,4042,1328,0473,5909,4569,08614,82816,57320,79131,36024,33422,462
440/4 1,2082,0682,6353,6502,5206372,6413,4042,1328,0473,5909,4569,08614,82816,57320,79131,36024,33422,462
45 ------134---295296-8211,9473,9855,3952,4632,223
450/3 ------134---295296-------
454/9 -------------8211,9473,9855,3952,4632,223
47/48 -------5,000----3458455005003,500500500
492/3 ----------------23019934
Income statement
76A -----------165---986---
9900 620-1,0802,4008,063-2,5723,73316,840-5,175-475-3,5009,3153,253-15,23115,16928,36833,17020,13418,84933,430
62 -----------28566290422,01629,54525,43512,9138,578
630 867867477-----2023,6453,7923,5913,5913,4433664271,7212,3665,016
631/4 --2,650----1,3251,115----95----155-150
640/8 7438,6431,2154965542,6129101,6974966431,6931,296744947564564564564717
9901 -990-7,9407077,567-3,1261,12114,605-7,987-1,173-7,7883,830-1,824-20,2289,8755,4232,633-7,7403,00718,970
75/76B -156-141113186123783412828629734-96---
75 -156-141113186123783412828629734-96---
65/66B 1,0549531,7051,0409431,0789758221,0157376454894302182565061,0811,051549
65 1,0549539831,0409431,0789758221,0157376454894302182565061,0811,051549
66B --722----------------
9903 -2,044-8,737-9986,541-4,06915613,817-8,686-2,110-8,1843,467-1,285-19,6859,6615,1673,209-8,8221,95618,420
67/77 -------------2,184---4274,699
9904 -2,044-8,737-9986,541-4,06915613,817-8,686-2,110-8,1843,467-1,285-19,6857,4775,1673,209-8,8221,52813,721
9905 -2,044-8,737-9986,541-4,06915613,817-8,686-2,110-8,1843,467-1,285-19,6857,4775,1673,209-8,8221,52813,721
Appropriation of the result
9906 -11,397-9,353-617381-6,160-2,091-2,247-16,064-7,378-5,2682,916-55173520,42012,9447,7774,56814,56413,721
14P -9,353-617381-6,160---------------
691/2 -----------------1,174686
6920 -----------------1,174686
Social balance sheet
9087 --------------0.510.90.40.2
Hours worked1013 --------------8241,4721,256696466
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

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 PDF
30-06-2024 micro format 28-02-2025 2025-00042294 PDF
30-06-2023 micro format 28-02-2024 2024-00038748 PDF
30-06-2022 micro format 24-02-2023 2023-00032011 PDF
30-06-2021 micro format 24-02-2022 2022-06300207 PDF
30-06-2020 micro format 25-02-2021 2021-06300138 PDF
30-06-2019 micro format 27-02-2020 2020-05800500 PDF
30-06-2018 micro format 11-03-2019 2019-06700137 PDF
30-06-2017 micro format 15-02-2018 2018-05000357 PDF
30-06-2016 full format 28-02-2017 2017-05500012 PDF
30-06-2015 full format 29-02-2016 2016-05400224 PDF
30-06-2014 full format 26-02-2015 2015-05100168 PDF
30-06-2013 full format 24-02-2014 2014-04700204 PDF
30-06-2012 full format 28-02-2013 2013-05300068 PDF
30-06-2011 full format 29-02-2012 2012-05000051 PDF
30-06-2010 full format 16-02-2011 2011-03800104 PDF
30-06-2009 full format 24-02-2010 2010-05300543 PDF
30-06-2008 full format 22-01-2009 2009-01900373 PDF
30-06-2007 full format 17-12-2007 2007-83600196 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
-123-7,0731,185------972-4,1437,6221,766-16,63813,3185,7883,060-6,0195,37223,986
-1,177-7,870-521------1,909-4,5397,2592,305-16,09510,9205,5323,636-7,1013,89418,738
002,600-----00605044117,2170083807,511
----------3,367817---5788,4041,119-24,973-
-3,845-2,6675,2038,3231,7825,8515,695-8,1225642,4727,012357-1,94814,58920,88615,35411,94819,85515,797
-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%
0.650.781.431.871.222.541.950.541.051.192.031.030.861.632.081.611.271.581.56
0.650.781.431.871.222.541.950.541.051.192.031.030.861.631.831.610.861.151.56
--1.631.144.280.641.03--4.620.621.601.570.820.921.603.591.611.42
---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%
-0.12-7.421.21----------------

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.

Investments

fixed assets acquired
Item30-06-202530-06-202430-06-202330-06-2022
Tangible fixed assets--€2,600-
€867€867€477-

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on ELECTROSYSTEM

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).

Board & ownership

Board

1 director
Director
listed in the 2025 annual accounts, filed on 27-02-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Director
Board
Mandates as a list
    • Director, from 01-07-2013 to date

See the board, name and registered office on a given date →

Control

Capital

Contribution
€6,200
Source
2025 annual accounts

Network & group

No group

ELECTROSYSTEM has no parent and no holdings in its annual accounts. is the only director. ELECTROSYSTEM shares no director with another company.

At the same address

Alexandre Markelbachstraat 77, 1030 Schaerbeek · 2 other companies
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

Timeline

Timeline

28 events since 2006

Deadline for the 2026 accounts: 31-01-2027

2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0879225816
Annual accounts 2025 filed PDFmicro format · 27 days late
2025
Annual accounts 2024 filed PDFmicro format · 28 days late
2024
Annual accounts 2023 filed PDFmicro format · 28 days late
2023
Annual accounts 2022 filed PDFmicro format · 24 days late
2022
Back to profit net €6,541 The net result is €6,541, after one loss-making year.
Annual accounts 2021 filed PDFmicro format · 24 days late
2021
Annual accounts 2020 filed PDFmicro format · 25 days late
2020
Annual accounts 2019 filed PDFmicro format · 27 days late
2019
Back to profit net €13,817 The net result is €13,817, after 3 loss-making years.
Liquidity more than triples current ratio 1.95 The current ratio rises from 0.54 to 1.95. Short-term debt falls from €17,489 to €5,963.
Annual accounts 2018 filed PDFmicro format · 39 days late
2018
Annual accounts 2017 filed PDFmicro format · 15 days late
2017
Annual accounts 2016 filed PDFfull format · 28 days late
2016
Annual accounts 2015 filed PDFfull format · 29 days late
2015
Back to profit net €3,467 The net result is €3,467, after 2 loss-making years.
Annual accounts 2014 filed PDFfull format · 26 days late
2014
Annual accounts 2013 filed PDFfull format · 24 days late
2013
Weakest financial year net -€19,685 The net result drops to -€19,685, the lowest from 2007 to 2025. It recovers the following year.
Annual accounts 2012 filed PDFfull format · 28 days late
2012
Annual accounts 2011 filed PDFfull format · 29 days late
2011
Annual accounts 2010 filed PDFfull format · 16 days late
2010
Back to profit net €3,209 The net result is €3,209, after one loss-making year.
Annual accounts 2009 filed PDFfull format · 24 days late
2009
Annual accounts 2008 filed PDFfull format · 9 days before the deadline
2007
Annual accounts 2007 filed PDFfull format · 45 days before the deadline
2006
Incorporation PDFpublished on 20-02-2006
First establishment Achille Detiennestraat 60, Schaerbeek

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 8 February 2006, ELECTROSYSTEM was incorporated.1 Total assets went from €11,776 in 2019 to €7,675 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0879.225.816
VAT number
BE 0879.225.816
Peppol ID
0208:0879225816
Other Peppol ID
9925:BE0879225816
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
08-02-2006
Financial year
ends on 30 June
Peppol
Reachable since 24-04-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
ELECTROSYSTEM in French
Entity type
Legal entity

Activities

NACEBEL 2025
Codes under NACEBEL 2008
43211 Specialised construction activities main activity
43222 Specialised construction activities
43299 Specialised construction activities
Codes under NACEBEL 2003
45310 main activity
45331
45340

Registered office and establishments

1 establishment
Establishment Since Unit number
Alexandre Markelbachstraat 77 registered office 1030 Schaerbeek
Achille Detiennestraat 60 1030 Schaerbeek 31-01-2006 2.152.635.183

Buildings and parcels at the addresses

Ground area
168 m²
Buildings
168 m²
Volume, LiDAR
2,413 m³
Tallest building
17.1 m
Buildings to scale, each on its own parcel
101 m², 17.1 m 66 m², 16.7 m 101 m², 17.1 m 66 m², 16.7 m

Location

registered office establishment The establishment unit on the map
3 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21902A0240/00R006102 m² 1 · 101 m² 17.1 m · 5
21906D0019/00B00766 m² 1 · 66 m² 16.7 m · 5

Invoicing and payment

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