Elektro RC
ActiveThe computed 12-month bankruptcy probability of Elektro RC is 2.7% (moderate). The 2024 annual accounts show equity of €46k and a net result of €13k. Equity is growing by ~38% per year across the filed fiscal years. Its solvency ranks better than 42% of 36376 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
89
/ 100
Excellent▲ +31 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency67▲+30
Growth52=
Stability94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.29 against 0.83 in 2023), and 60.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
Sector 43
higher
← 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 2024Solvency, return and age of the figures
Solvency
39.4%
Return on assets
11%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-06-2025, 48 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
48 d early
2023
12 d early
2022
12 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€46k▲ 38.8%
2023 · €33k
2022: €21k
2023: €33k
2022 → 2024
Total assets
€116k▼ 5.5%
2023 · €123k
2022: €142k
2023: €123k
2022 → 2024
Net result
€13k▲ 4.0%
2023 · €12k
2022: €18k
2023: €12k
2022 → 2024
Working capital
€15k
2023 · €-9k
2022: €-32k
2023: €-9k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€21k-€33k▲ 59.5%€46k▲ 38.8%
Operating result€26k-€19k▼ 26.4%€22k▲ 11.9%
Net result€18k-€12k▼ 30.5%€13k▲ 4.0%
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 12% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €116k
Fixed assets
€48k▼ 37.7%
Current assets
€68k▲ 49.2%
Equity and liabilities €116k
Equity
€46k▲ 38.8%
Debt
€71k▼ 21.7%
The debt ratio falls from 73.2% to 60.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€51k▲
2023 · €49k
Cash flow
€42k▲
2023 · €42k
Solvency
39.4%▲
2023 · 26.8%
Current ratio
1.29▲
2023 · 0.83
Quick ratio
1.14▲
2023 · 0.68
Debt / equity
1.54▼
2023 · 2.73
ROE
28.0%▼
2023 · 37.3%
ROA
11.0%▲
2023 · 10.0%
Interest coverage
9.96▼
2023 · 16.01
Debt
€71k▼
2023 · €90k
Debt ≤ 1 year
€53k▼
2023 · €55k
Debt > 1 year
€16k▼
2023 · €35k
Income taxes
€6k▲
2023 · €5k
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€123k€116k▼
Fixed assets21/28€78k€48k▼
Intangible fixed assets21€1€1▼
Tangible fixed assets22/27€78k€48k▼
Land and buildings22€8k€6k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€65k€41k▼
Current assets29/58€46k€68k▲
Stocks and contracts in progress3€9k€8k▼
Stocks30/36€9k€8k▼
Amounts receivable within one year40/41€11k€11k▼
Trade receivables40€8k€7k▼
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€25k€49k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€123k€116k▼
Equity10/15€33k€46k▲
Contributions10/11€3k€3k=
Reserves13€30k€43k▲
Distributable reserves133€30k€43k▲
Amounts payable17/49€90k€71k▼
Amounts payable after more than one year17€35k€16k▼
Financial debts170/4€35k€16k▼
Amounts payable within one year42/48€55k€53k▼
Current portion of amounts payable after more than one year42€19k€19k▲
Financial debts43€833€833=
Credit institutions430/8€833€833=
Trade debts44€776€2k▲
Suppliers440/4€776€2k▲
Taxes, remuneration and social security45€464€617▲
Taxes450/3€464€617▲
Other amounts payable47/48€34k€31k▼
Accrued charges and deferred income492/3-€2k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€29k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€50k€52k▲
Operating profit (loss)9901€19k€22k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€18k€18k▲
Income taxes67/77€5k€6k▲
Profit (loss) for the period9904€12k€13k▲
Profit (loss) for the period to be appropriated9905€12k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€13k▲
Transfer to equity691/2€12k€13k▲
To other reserves6921€12k€13k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €12k ▼30.5%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ingelmunster · 1 establishment unit since 2022
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.
Kortrijkstraat 528770 IngelmunsterGround area
400 m²
Building footprint
106 m²
Volume, LiDAR
774 m³
Parcel 36007D0344/00W000, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Elektro RC
since 20222.326.226.482
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007D0344/00W000 | Flanders | 400 m² | 1 · 106 m² | 12.3 m · 3 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
VRJELEKTRICKS
BE 0797.672.966
Beveren-Kruibeke-Zwijndrecht · Eq €46k
L.G RENOV
BE 0761.747.235
Visé · Eq €46k
Etablissements VAN LIEROP
BE 0425.378.256
Liège · Eq €46k
ELVETICO +
BE 0877.659.760
Lint · Eq €46k
SUN 4 ALL
BE 0829.036.828
Koksijde · Eq €46k
Of 22,728 companies in sector 43211 we hold annual accounts for 10,271. 8,449 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-01-2022
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.