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Elektro VGL

Active
Private limited companyfounded 20224 yrs activeKoning Boudewijnstraat 35, 8870 Izegem, BelgiumKBO/BCE: BE 0785.887.763
Summary

The computed 12-month bankruptcy probability of Elektro VGL is 1.8% (moderate). The 2025 annual accounts show equity of €102,134 and a net result of €24,908. Equity is growing by ~40.2% per year across the filed fiscal years. Its solvency ranks better than 43% of 33943 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
Elektro VGLActiveChecked score 56/100
Risk analysis ReportCompare

Overview

Activity
General electrical installation work
NACE 43211
1 site
Size
€252,607total assets 2025
Staff
1.4 FTE
Equity
€102,134
Profit
€24,908
Turnover not published (abridged schema)
Financial health
56 Fair Checked score 2025
Bankruptcy chance 12 m
1.8%
Structure
Accounts filed 31 d late0 of 1 deed read
Why 56- Founded in 2022- Latest accounts 31 days late; 1 of the last 3 late- Size: total assets €252,607- Sector Specialised construction activities (NACE 43)Show the evidence

Checked score

Score 2025
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 58% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 65+8
equity 40.4% of total assets
Liquidity 55-1
short-term debt 23.5% · cash 10.6%
Profitability 81-2
return on assets 9.9%
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,513 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● 0.0% vs 11-2024 01-2025: 0.3%▼ -3.5% vs 12-2024 02-2025: 0.3%▼ -2.0% vs 01-2025lowest value 03-2025: 0.3%● 0.0% vs 02-2025lowest value 04-2025: 0.3%▲ +1.7% vs 03-2025 05-2025: 0.3%▲ +8.0% vs 04-2025 06-2025: 0.3%▲ +0.6% vs 05-2025 07-2025: 0.4%▲ +10.1% vs 06-2025 08-2025: 0.7%▲ +89.2% vs 07-2025 09-2025: 1.2%▲ +78.6% vs 08-2025 10-2025: 1.2%● 0.0% vs 09-2025 11-2025: 1.2%● 0.0% vs 10-2025 12-2025: 1.2%● 0.0% vs 11-2025 01-2026: 0.9%▼ -25.4% vs 12-2025 02-2026: 0.9%▼ -3.7% vs 01-2026 03-2026: 0.9%● 0.0% vs 02-2026 04-2026: 1.0%▲ +8.9% vs 03-2026 05-2026: 0.9%▼ -1.6% vs 04-2026 06-2026: 0.9%▲ +0.2% vs 05-2026 07-2026: 1.0%▲ +3.9% vs 06-2026 08-2026: 1.5%▲ +50.8% vs 07-2026 09-2026: 1.7%▲ +15.9% vs 08-2026 10-2026: 1.8%▲ +3.1% vs 09-2026highest value
  • Founded in 2022 raises the probability for this profile
  • Latest accounts 31 days late; 1 of the last 3 late raises the probability
  • Size: total assets €252,607 raises the probability for this profile
  • Sector Specialised construction activities (NACE 43) raises the probability
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.2 against 1.65 in 2024; short-term debt: 23.5% and cash: 10.6% of total assets), but 59.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 43%, liquidity 51%, profitability 62%, growth against the median 76%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Founded in 2022
In the bankruptcy model this factor raises the probability for this profile.
KBO
raises risk · Latest accounts 31 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Size: total assets €252,607
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
raises risk · Sector Specialised construction activities (NACE 43)
In the bankruptcy model this factor raises the probability.
KBO
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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 · 4 filings
Deviation from the deadline
2025
31 d late
2024
26 d late
2023
29 d early
2022
12 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 19 August (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Equity above €100,000Eq €102,134 ▲32.3%
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Among the largest 20% on gross marginsector median €39,051 · 33,903 companies €120,465 View
  • Total assets 20254 fiscal years filed €252,607 View
  • Active since 2022founded 10-05-2022 4 years View

By topic

Financials

Fiscal year
2025
Total assets
€252,607
Profit
€24,908
Solvency
40.4%
Total assets▲ 5.2%
Net result
20222025
Go to Financials

Timeline

Events
6
Since
2023
Next accounts
by 31-07-2027
  1. 31-08-2026Annual accounts filed
  2. 31-12-2025Equity above €100,000
  3. 26-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
General electrical installation workNACE 43211
Founded
10-05-2022
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

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