Electrotech
ActiveSummary
The computed 12-month bankruptcy probability of Electrotech is 3.0% (moderate). The 2025 annual accounts show equity of €15,948 and a net result of -€3,492. Equity is shrinking by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 20% of 28184 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability64▼-20
Solvency43▼-5
Growth32=
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.67 against 0.74 in 2024; short-term debt: 47% of total assets), and 81.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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 2025Solvency, return and age of the figures
Solvency
18.4%
Return on assets
-4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 28184 sector peers (2025).
NBB · sector comparisonPosition among 28184 sector peers
Solvency
better than 20%
← weakest
strongest →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
31 d early
2024
4 d early
2023
6 d late
2022
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average on the deadline day; 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€15,948▼ 18.0%
2024 · €19,440
Total assets
€86,768▲ 3.0%
2024 · €84,200
Net result
-€3,492
2024 · €10,482
Working capital
-€13,373▼ 31.4%
2024 · -€10,179
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
Line2022202320242025
Operating result€46,137--€30,216€12,797-€1,515
Net result€40,706above the sector's middle half--€32,748below the sector's middle half€10,482within the sector's middle half-€3,492below the sector's middle half
Equity€41,706within the sector's middle half-€8,958below the sector's middle half▼ 78.5%€19,440below the sector's middle half▲ 117%€15,948below the sector's middle half▼ 18.0%
Total assets€128,975within the sector's middle half-€113,726within the sector's middle half▼ 11.8%€84,200within the sector's middle half▼ 26.0%€86,768within the sector's middle half▲ 3.0%
Debt€87,269-€104,768▲ 20.1%€64,760▼ 38.2%€70,820▲ 9.4%
Working capital€4,939--€26,699-€10,179▲ 61.9%-€13,373▼ 31.4%
Solvency32.3%within the sector's middle half-7.9%below the sector's middle half▼ 24.5pp23.1%below the sector's middle half▲ 15.2pp18.4%below the sector's middle half▼ 4.7pp
Staff (FTE)2-3.4▲ 70.0%3▼ 11.8%1.1▼ 63.3%
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1,515 after €12,797 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €86,768
Fixed assets
€59,394 ▲ 7.9%
Current assets
€27,373 ▼ 6.1%
Equity and liabilities €86,768
Equity
€15,948 ▼ 18.0%
Debt
€70,820 ▲ 9.4%
Debt's share of the balance-sheet total rises from 76.9% to 81.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€20,298▼
2024 · €33,759
Cash flow
€18,321▼
2024 · €31,444
Current ratio
0.67▼
2024 · 0.74
Debt to equity
4.44▲
2024 · 3.33
ROE
-21.9%▼
2024 · 53.9%
ROA
-4.0%▼
2024 · 12.4%
Interest coverage
9.20▼
2024 · 13.93
Debt ≤ 1 year
€40,747▲
2024 · €39,321
Debt > 1 year
€29,959▲
2024 · €25,369
Staff costs
€64,129▼
2024 · €139,526
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,550 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 91% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
3.9%
went bankrupt
3.7%
stopped otherwise
91%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.0% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 1,550 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €54,425 | €144,305 | €139,526 | €64,129 | ▼ 54.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,275 | €20,119 | €20,962 | €21,813 | ▲ 4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €844 | €682 | - | - | - |
| Other operating charges640/8 | - | - | €817 | €2,087 | ▲ 155% |
| Gross operating margin9900 | €104,680 | €134,889 | €174,102 | €86,514 | ▼ 50.3% |
| Operating profit (loss)9901 | €46,137 | -€30,216 | €12,797 | -€1,515 | ▼ 112% |
| Financial income75/76B | - | €3 | €108 | €229 | ▲ 111% |
| Recurring financial income75 | - | €3 | €108 | €229 | ▲ 111% |
| Financial charges65/66B | €431 | €2,668 | €2,424 | €2,207 | ▼ 9.0% |
| Recurring financial charges65 | €431 | €2,668 | €2,424 | €2,207 | ▼ 9.0% |
| Profit (loss) for the period before taxes9903 | €45,706 | -€32,881 | €10,482 | -€3,492 | ▼ 133% |
| Income taxes67/77 | €5,000 | -€133 | - | - | - |
| Profit (loss) for the period9904 | €40,706 | -€32,748 | €10,482 | -€3,492 | ▼ 133% |
| Profit (loss) for the period to be appropriated9905 | €40,706 | -€32,748 | €10,482 | -€3,492 | ▼ 133% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €128,975 | €113,726 | €84,200 | €86,768 | ▲ 3.0% |
| Fixed assets21/28 | €86,452 | €73,448 | €55,057 | €59,394 | ▲ 7.9% |
| Tangible fixed assets22/27 | €86,217 | €73,214 | €54,822 | €59,160 | ▲ 7.9% |
| Plant, machinery and equipment23 | €3,006 | €8,786 | €9,179 | €7,500 | ▼ 18.3% |
| Furniture and vehicles24 | €83,212 | €64,428 | €45,644 | €51,660 | ▲ 13.2% |
| Financial fixed assets28 | €235 | €235 | €235 | €235 | = |
| Current assets29/58 | €42,524 | €40,278 | €29,143 | €27,373 | ▼ 6.1% |
| Amounts receivable within one year40/41 | €3,205 | €4,187 | €14,784 | €27,131 | ▲ 83.5% |
| Trade receivables40 | €823 | €2,606 | - | €22,909 | - |
| Other amounts receivable41 | €2,382 | €1,580 | €14,784 | €4,222 | ▼ 71.4% |
| Cash at bank and in hand54/58 | €38,536 | €36,091 | €14,359 | - | - |
| Deferred charges and accrued income490/1 | €783 | - | - | €242 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €128,975 | €113,726 | €84,200 | €86,768 | ▲ 3.0% |
| Equity10/15 | €41,706 | €8,958 | €19,440 | €15,948 | ▼ 18.0% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €38,706 | €5,958 | €16,440 | €12,948 | ▼ 21.2% |
| Amounts payable17/49 | €87,269 | €104,768 | €64,760 | €70,820 | ▲ 9.4% |
| Amounts payable after more than one year17 | €49,685 | €37,791 | €25,369 | €29,959 | ▲ 18.1% |
| Financial debts170/4 | €49,685 | €37,791 | €25,369 | €29,959 | ▲ 18.1% |
| Amounts payable within one year42/48 | €37,585 | €66,977 | €39,321 | €40,747 | ▲ 3.6% |
| Current portion of amounts payable after more than one year42 | €11,388 | €11,894 | €12,422 | €18,949 | ▲ 52.5% |
| Financial debts43 | - | - | - | €6,787 | - |
| Credit institutions430/8 | - | - | - | €6,787 | - |
| Trade debts44 | €1,245 | €1,529 | €1,373 | €3,190 | ▲ 132% |
| Suppliers440/4 | €1,245 | €1,529 | €1,373 | €3,190 | ▲ 132% |
| Taxes, remuneration and social security45 | €18,465 | €50,033 | €22,749 | €11,820 | ▼ 48.0% |
| Taxes450/3 | €15,012 | €26,260 | €8,256 | €8,010 | ▼ 3.0% |
| Remuneration and social security454/9 | €3,453 | €23,773 | €14,493 | €3,810 | ▼ 73.7% |
| Other amounts payable47/48 | €6,487 | €3,521 | €2,777 | - | - |
| Accrued charges and deferred income492/3 | - | - | €69 | €114 | ▲ 65.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,706 | -€32,748 | €10,482 | -€3,492 | ▼ 133% |
| + Depreciation and write-downs630 | €3,275 | €20,119 | €20,962 | €21,813 | ▲ 4.1% |
| Operating cash flow (approximation) | €43,981 | -€12,629 | €31,444 | €18,321 | ▼ 41.7% |
| Investment in fixed assets (approximation) | - | -€7,115 | -€2,571 | -€26,150 | ▼ 917% |
| Change in cash | - | -€2,445 | -€21,733 | - | - |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €10,482
Net result €10,482 after one loss-making year.
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
31-12
Financial
Weakest financial yearnet -€32,748
Net result drops to -€32,748, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Flémalle · 1 establishment unit since 2021
Ground area
466 m²
Building footprint
57 m²
Volume, LiDAR
448 m³
Parcel 62055C0296/00V003, Wallonia · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Electrotech SRL
since 20212.320.111.128
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62055C0296/00V003 | Wallonia | 466 m² | 1 · 57 m² | 10.4 m · 3 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 22,831 companies in sector 43211 we hold annual accounts for 10,329. 6,689 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
Founded26-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
33140Repair and maintenance of electrical equipment
33200Installation of industrial machinery and equipment
43212Electrical installation work in industrial facilities
95100Repair and maintenance of computers and communication equipment
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Contact
E-mail
electrotech@mail.com
Phone
0471059293
E-invoicing
Reachable via Peppol
Peppol ID
0208:0771726456
Also
9925:BE0771726456
Registered
02-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.