ELEKTRO BOGAERT
ActiveELEKTRO BOGAERT has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €144k and a net result of €7k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 94% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▲+2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 4.45 against 2.83 in 2023; short-term debt: 10.2% and cash: 29.7% of total assets), and 10.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
58 d late
2022
31 d late
2021
26 d late
2020
87 d late
2019
30 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€144k▲ 3.5%
2023 · €139k
2018: €122k
2019: €129k
2020: €135k
2021: €138k
2022: €137k
2023: €139k
2018 → 2024
Total assets
€160k▼ 1.2%
2023 · €162k
2018: €199k
2019: €196k
2020: €181k
2021: €165k
2022: €177k
2023: €162k
2018 → 2024
Net result
€7k▲ 84.4%
2023 · €4k
2018: €31k
2019: €7k
2020: €8k
2021: €4k
2022: €9k
2023: €4k
2018 → 2024
Working capital
€56k▲ 32.8%
2023 · €43k
2018: €40k
2019: €46k
2020: €43k
2021: €50k
2022: €30k
2023: €43k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€135k-€138k▲ 2.1%€137k▼ 0.5%€139k▲ 1.4%€144k▲ 3.5%
Operating result€10k-€8k▼ 19.3%€11k▲ 34.6%€6k▼ 47.0%€9k▲ 57.7%
Net result€8k-€4k▼ 42.4%€9k▲ 102%€4k▼ 60.2%€7k▲ 84.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 58% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €160k
Fixed assets
€88k▼ 9.4%
Current assets
€73k▲ 10.8%
Equity and liabilities €160k
Equity
€144k▲ 3.5%
Debt
€16k▼ 29.5%
The debt ratio falls from 14.3% to 10.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28k▲
2023 · €24k
Cash flow
€26k▲
2023 · €22k
Solvency
89.8%▲
2023 · 85.7%
Current ratio
4.45▲
2023 · 2.83
Quick ratio
3.84▲
2023 · 2.28
Debt / equity
0.11▼
2023 · 0.17
ROE
4.6%▲
2023 · 2.6%
ROA
4.1%▲
2023 · 2.2%
Interest coverage
56.55▲
2023 · 20.13
Debt
€16k▼
2023 · €23k
Debt ≤ 1 year
€16k▼
2023 · €23k
Income taxes
€3k▲
2023 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€162k€160k▼
Fixed assets21/28€97k€88k▼
Tangible fixed assets22/27€96k€88k▼
Land and buildings22€76k€71k▼
Furniture and vehicles24€21k€16k▼
Financial fixed assets28€284€34▼
Current assets29/58€66k€73k▲
Stocks and contracts in progress3€13k€10k▼
Stocks30/36€2k€2k▲
Contracts in progress37€11k€8k▼
Amounts receivable within one year40/41€25k€14k▼
Trade receivables40€20k€7k▼
Other amounts receivable41€5k€7k▲
Cash at bank and in hand54/58€27k€48k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€162k€160k▼
Equity10/15€139k€144k▲
Reserves13€135k€142k▲
Distributable reserves133€135k€142k▲
Profit (loss) carried forward14€4k€2k▼
Amounts payable17/49€23k€16k▼
Amounts payable within one year42/48€23k€16k▼
Trade debts44€13k€10k▼
Suppliers440/4€13k€10k▼
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€2k▼
Other amounts payable47/48€8k€4k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€19k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€26k€30k▲
Operating profit (loss)9901€6k€9k▲
Financial income75/76B€296€212▼
Recurring financial income75€296€212▼
Financial charges65/66B€1k€501▼
Recurring financial charges65€1k€501▼
Profit (loss) for the period before taxes9903€5k€9k▲
Income taxes67/77€1k€3k▲
Profit (loss) for the period9904€4k€7k▲
Profit (loss) for the period to be appropriated9905€4k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€11k▲
Profit (loss) brought forward from the previous period14P€6k€4k▼
Transfer to equity691/2€4k€7k▲
To other reserves6921€4k€7k▲
Profit to be distributed694/7€2k€2k▲
Return on contributions (dividend)694€2k€2k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Weakest financial yearnet €4k ▼60.2%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wervik · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Beselarestraat 72+8940 WervikGround area
432 m²
Building footprint
112 m²
Volume, LiDAR
619 m³
Parcel 33009C0951/00Z002, Flanders · tallest building 11.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ELEKTRO BOGAERT
since 20132.221.408.975
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33009C0951/00Z002 | Flanders | 432 m² | 1 · 112 m² | 11.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Steven Amsters
BE 0739.948.167
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Electra Technics
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D'Agostino
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Houthalen-Helchteren · Eq €144k
Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,636 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-07-2013
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@elektrobogaert.be
Phone:0475326951