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Elektro Masschelein

Active
Private limited company (pre-2019)founded 2008active for 18 yearsLindesteenweg 7, 8647 Lo-Reninge, BelgiumKBO/BCE: BE 0897.626.914
Summary

Elektro Masschelein has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117,210 and a net result of €11,619. Equity is growing by about 26% per year across the filed financial years. Its solvency ranks better than 18% of 34,072 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
General electrical installation work
NACE 43211
10th oldest company in Lo-Reninge, Construction sector1 site
Size
€776,496total assets 2025
Staff
1.8 FTE
Equity
€117,210
Profit
€11,619
Turnover not published (micro format)
Financial health
84 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Accounts 1 day early0 of 3 deeds read
Why 84raises riskSector: Specialised construction activities (NACE 43)Equity €117,210 (15.1% of total assets)lowers riskSize: total assets €776,496Figures for financial year 2025 (filed 30-01-2026)Show the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 26% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Weak
Solvency 40=
equity 15.1% of total assets
Liquidity 15-1
short-term debt 77.2% · cash 5.4%
Profitability 49-24
return on assets 1.5%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,540 companies, NACE 43, micro)
Last 24 months 11-2024: 0.5% 12-2024: 0.4%▼ -0.1 percentage points vs 11-2024 01-2025: 0.6%▲ +0.2 percentage points vs 12-2024highest value 02-2025: 0.3%▼ -0.3 percentage points vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.5%▲ +0.2 percentage points vs 12-2025 02-2026: 0.2%▼ -0.3 percentage points vs 01-2026lowest value 03-2026: 0.2%● unchanged vs 02-2026lowest value 04-2026: 0.2%● unchanged vs 03-2026lowest value 05-2026: 0.2%● unchanged vs 04-2026lowest value 06-2026: 0.2%● unchanged vs 05-2026lowest value 07-2026: 0.2%● unchanged vs 06-2026lowest value 08-2026: 0.3%▲ +0.1 percentage points vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.15, compared with 1.13 in 2024, below the usual 1.5; short-term debt: 77.2% and cash: 5.4% of total assets), and 84.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, micro): better than 17% on solvency, 8% on liquidity, 23% on profitability and 57% on growth.

The bankruptcy probability was computed on 13-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €776,496
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Figures for financial year 2025 (filed 30-01-2026)
NBB · annual accounts
raises risk · Equity €117,210 (15.1% of total assets)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 34072 sector peers (2025).
NBB · sector comparison
Position among 34072 sector peers
Solvency
better than 18%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 day early
2024
on the day
2023
1 day early
2022
4 days early
2021
2 days early
2020
2 days early
2019
7 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 2 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 30 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end14-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Equity above €100,000equity €105,591 ▲25.7%

Key points

  • Caution: Among the weakest 18% on solvencysector median 46.9% · 34,072 companies 15.1% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 7 profitable years in a rowprofit 2025: €11,619 7 years View

By topic

Financials

Financial year
2025
Total assets
€776,496
Profit
€11,619
Solvency
15.1%
Total assets▲ 11.3%
Net result
20192025
Go to Financials

Timeline

Events
19
Since
2010
Next accounts
by 31-01-2027
  1. 30-01-2024Annual accounts filed
  2. 27-01-2023Annual accounts filed
  3. 29-01-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
General electrical installation workNACE 43211
Founded
29-04-2008
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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