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ELEKTRO BUTTENAERE

Active
Private limited companyfounded 2011active for 15 yearsFlandria 16, 8750 Wingene, BelgiumKBO/BCE: BE 0840.550.233
Summary

ELEKTRO BUTTENAERE has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102,410 and a net result of -€2,990. Equity has been growing by about 7.4% per year since 2018. Its solvency ranks better than 9% of 9,909 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Overview

Official details

Source: KBO
Status
Active since 24-10-2011 Normal situation
Activity
General electrical installation work NACE 43211
Joint committee
149.01 Paritair Subcomité voor de elektriciens: installatie en distributie · annual accounts 2025
Establishment unit
2.204.171.283 8750 Wingene, since 25-10-2011
Financial year end
31 December
Peppol
Reachable since 23-02-2024

Board and ownership

Board

Financial position

64 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.0%
Annual accounts 2025
Gross margin
€1.3m
▲ 1.1%
Turnover
≈ €3.6m
estimated
Loss
€2,990
Equity
€102,410
▼ 2.8%
Total assets
€2.1m
▼ 5.4%
Employees on 31-12-2025
14
=
Score breakdownraises riskEquity €102,410 (4.8% of total assets)Sector: Specialised construction activities (NACE 43)Size: 14.1 FTE, total assets €2.1mlowers riskFounded in 2011Show the evidence

Checked score

Score 2025
64 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 17% of small companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Weak
Solvency 30=
equity 4.8% of total assets
Liquidity 27-1
short-term debt 60.9% · cash 7.2%
Profitability 45-12
return on assets -0.1%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,651 companies, NACE 43, small)
Last 24 months 12-2024: 1.0% 01-2025: 1.0%● unchanged vs 12-2024 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.1%▲ +0.1 percentage points vs 02-2025 04-2025: 1.1%● unchanged vs 03-2025 05-2025: 1.1%● unchanged vs 04-2025 06-2025: 1.2%▲ +0.1 percentage points vs 05-2025 07-2025: 1.4%▲ +0.2 percentage points vs 06-2025 08-2025: 2.1%▲ +0.7 percentage points vs 07-2025highest value 09-2025: 0.9%▼ -1.2 percentage points vs 08-2025lowest value 10-2025: 0.9%● unchanged vs 09-2025lowest value 11-2025: 0.9%● unchanged vs 10-2025lowest value 12-2025: 0.9%● unchanged vs 11-2025lowest value 01-2026: 0.9%● unchanged vs 12-2025lowest value 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.9%● unchanged vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026 07-2026: 1.0%▲ +0.1 percentage points vs 06-2026 08-2026: 1.0%● unchanged vs 07-2026 09-2026: 1.0%● unchanged vs 08-2026 10-2026: 1.0%● unchanged vs 09-2026 11-2026: 1.0%● unchanged vs 10-2026
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.81 (0.75 in 2024), below 1. Short-term debt is 60.9% and cash 7.2% of total assets. 95.2% of the assets are financed with debt and provisions.
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, small). It does better than 6% of them on solvency, 20% on liquidity, 20% on profitability and 24% on growth.

The bankruptcy probability was computed on 04-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Equity €102,410 (4.8% of total assets)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Founded in 2011
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Size: 14.1 FTE, total assets €2.1m
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 9909 sector peers (2025).
NBB · sector comparison
Position among 9909 sector peers
Solvency
better than 9%
← 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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
29 days early
2024
25 days late
2023
36 days early
2022
166 days early
2021
184 days late
2020
51 days early
2019
121 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 28 days before 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 2 July (4 of the last 5 accounts filed within 137 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: From profit to loss in 2025after a profit of €57,062 in 2024 -€2,990 View
  • Caution: Lower solvency than 90% of companies in specialised constructionsector median 44.0% · 9,909 companies 4.8% View

Recent changes

  1. · Gazette deed Change of role: Michael Buttenaere, from statutory director to gewone bestuurderAppointment: Peter Claeys (opvolgend bestuurder) · Legal-form conversion: from private limited company (pre-2019) to private limited company
  2. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as ELEKTRO BUTTENAERE: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €2m and €2.6m, founded between 2008 and 2012.

CompanyTotal assetsGross margin
ELEKTRO BUTTENAERE Wingene€2.1m€1.3m
PRINSELEK Beerse€2.1m€1.4m
V-CLIMA Stekene€2.2m€1.7m
CSG INDUSTRIE Oudsbergen€2.0m€1.4m
WILLE RONALD Gent€2.2m€1.3m
Schoonians Steven Roosdaal€2.3m€1.1m
JADEC Lokeren€2.6m€1.6m
Full comparison

Key facts about ELEKTRO BUTTENAERE

What is the company number of ELEKTRO BUTTENAERE?
The company number of ELEKTRO BUTTENAERE is 0840.550.233. The VAT number is the same number with BE in front: BE 0840.550.233.
Where is ELEKTRO BUTTENAERE based?
The registered office is at Flandria 16, 8750 Wingene.Company details
What does ELEKTRO BUTTENAERE do?
According to the KBO register, the main activity is general electrical installation work (NACE 43211).
What is the legal form of ELEKTRO BUTTENAERE?
The legal form of ELEKTRO BUTTENAERE is Private limited company (BV).
When was ELEKTRO BUTTENAERE founded?
ELEKTRO BUTTENAERE was founded on 24-10-2011.
Is ELEKTRO BUTTENAERE still active?
Yes, ELEKTRO BUTTENAERE is an active enterprise in the KBO register.
How many employees does ELEKTRO BUTTENAERE have?
ELEKTRO BUTTENAERE had an average of 14.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does ELEKTRO BUTTENAERE fall under?
In its 2025 annual accounts, ELEKTRO BUTTENAERE states joint committee 149.01 (Paritair Subcomité voor de elektriciens: installatie en distributie).
What is the turnover of ELEKTRO BUTTENAERE?
The turnover in financial year 2025 is ≈ €3.6m. This figure is estimated from the gross margin of €1.3m and 31 comparable companies (NACE 432). It probably lies between €2.8m and €4.5m. In financial year 2024 turnover was €3.6m.
Is ELEKTRO BUTTENAERE profitable?
In financial year 2025, ELEKTRO BUTTENAERE made a loss of €2,990.
Where can I find the annual accounts of ELEKTRO BUTTENAERE?
ELEKTRO BUTTENAERE filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ELEKTRO BUTTENAERE due?
ELEKTRO BUTTENAERE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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