Checked.be
Active
BE 0840.413.938Private limited company (pre-2019)
ELEKTRO SCHOLZEN PGmbH
Merlscheid 96 ·4760 Büllingen, Belgium· 14 yrs active
Sector: General electrical installation work
(43211)
Conclusion
The computed 12-month bankruptcy probability of ELEKTRO SCHOLZEN PGmbH is 1.5% (moderate). The 2024 annual accounts show equity of €18k and a net result of €-20k. Equity is shrinking by ~10.1% per year across the filed fiscal years. The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €18k |
| Net result | €-20k |
| Active | 14 yrs |
| Locations | 1 |
Financial profile
44
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
37
Profitability
0
Solvency
49
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2011, 14 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
37
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€500
estimate, not credit advice
Score history
75
2020
56
2021
25
2022
91
2023
37
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.47 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.00 (≥ 1.0)
+5
Profitability
Negatieve ROE -114%
-10
Interest coverage
Interest coverage -4.0× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-09-2025 with the NBB · fiscal year 2024 · unclassified schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~10.1%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
€-8k
-
20-24
€-20k
-
20-24
€-11k
-
20-24
€69k
-49.3%
20-24
€18k
-53.2%
20-24
€11k
-66.3%
20-24
1
-40.0%
20-24
€5k
-53.9%
20-24
€380
-92.7%
20-24
€51k
-47.8%
20-24
€23k
-61.8%
20-24
€1k
-91.8%
20-24
1.47
-4.1%
20-24
1.00
-27.6%
20-24
25.7%
-7.7%
20-24
2.89
+11.5%
20-24
-113.7%
-
20-24
-29.2%
-
20-24
-3.99
-
20-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | unclassified schema | unclassified schema | unclassified schema | unclassified schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-8k | €29k | €14k | €28k | €31k |
| Net profit | €-20k | €14k | €-6k | €454 | €8k |
| Cash flow | €-11k | €23k | €14k | €27k | €37k |
| Staff costs | - | €5k | €11k | €28k | - |
| Income taxes | €380 | €5k | €373 | €374 | €339 |
| Dividends | - | - | - | - | - |
| Total assets | €69k | €136k | €126k | €126k | €124k |
| Equity | €18k | €38k | €24k | €30k | €30k |
| Debt | €51k | €98k | €102k | €96k | €94k |
| of which ≤ 1y | €23k | €61k | €87k | €73k | €66k |
| of which > 1y | - | - | €1k | €13k | €19k |
| Working capital | €11k | €32k | €-11k | €5k | €8k |
| Employees (FTE) | - | 0.6 | 1.0 | 1.4 | 1.9 |
Note: these years are not on the same basis. The filed schemas differ (unclassified schema, abbreviated schema), so the columns are not directly comparable.
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 1.47 | 1.54 | 0.88 | 1.07 | 1.12 |
| Quick ratio | 1.00 | 1.38 | 0.74 | 0.91 | 0.93 |
| Working capital ratio | 15.9% | 23.9% | -8.3% | 4.1% | 6.3% |
| Solvency | 25.7% | 27.8% | 18.9% | 24.0% | 24.1% |
| Debt / equity | 2.89 | 2.59 | 4.28 | 3.16 | 0.64 |
| Long-term debt ratio | - | - | 0.05 | 0.43 | 0.64 |
| Interest coverage | -3.99 | 34.37 | 15.13 | 14.48 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -29.2% | 10.2% | -5.1% | 0.4% | 6.3% |
| ROE | -113.7% | 36.8% | -27.1% | 1.5% | 26.3% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €69k | €136k | €126k | €126k | €124k |
| Fixed assets | 21/28 | €35k | €43k | €50k | €48k | €51k |
| Tangible fixed assets | 22/27 | €35k | €43k | €50k | €48k | €51k |
| Current assets | 29/58 | €34k | €93k | €76k | €78k | €73k |
| Stocks & contracts in progress | 3 | €11k | €9k | €12k | €12k | €12k |
| Amounts receivable within one year | 40/41 | €12k | €33k | €43k | €58k | €22k |
| Cash & bank | 54/58 | €7k | €46k | €17k | €3k | €35k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €69k | €136k | €126k | €126k | €124k |
| Equity | 10/15 | €18k | €38k | €24k | €30k | €30k |
| Contributions / capital | 10/11 | €20k | €20k | €20k | €20k | €20k |
| Reserves | 13 | €2k | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €-4k | €16k | €2k | €8k | €8k |
| Amounts payable | 17/49 | €51k | €98k | €102k | €96k | €94k |
| Amounts payable after one year | 17 | - | - | €1k | €13k | €19k |
| Amounts payable within one year | 42/48 | €23k | €61k | €87k | €73k | €66k |
| Trade debts payable within one year | 44 | €16k | €43k | €53k | €11k | €38k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-5k | €35k | €27k | €58k | €82k |
| Operating result | 9901 | €-18k | €19k | €-6k | €2k | €1k |
| Financial income | 75 | €149 | €474 | €571 | €1k | €1k |
| Financial charges | 65 | €2k | €830 | €944 | €2k | €2k |
| Result before taxes | 9903 | €-20k | €19k | €-6k | €828 | €330 |
| Income taxes | 67/77 | €380 | €5k | €373 | €374 | €339 |
| Net result for the period | 9904 | €-20k | €14k | €-6k | €454 | €-9 |
| Result to be appropriated | 9905 | €-20k | €14k | €-6k | €454 | €-9 |
Legal Structure
| NACE primary | General electrical installation work(43211) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 14-10-2011 |
| Status | Active |
| Postal code | 4760 |
Establishment units
Elektro Scholzen PGmbH
since 20112.204.534.242
Updates
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet €-20k ▼245%
Net result drops to €-20k, the lowest in the series.
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 70 days late
2023
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema · 73 days late
2022
12-12
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 134 days late
2021
27-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 149 days late
2020
08-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 130 days late
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 69 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 56 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 57 days late
2016
05-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 66 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
General electrical installation work43211Retail sale of electrical household appliances47540
Names & trade names
| Legal nameFR | ELEKTRO SCHOLZEN PGmbH |
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