ESPACE ELECTRO
ActiveSummary
ESPACE ELECTRO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €264k and a net result of €-18k. Equity is growing by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 80% of 3550 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability14▼-56
Solvency92▲+9
Growth39▼-35
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 2.86 against 1.86 in 2023; short-term debt: 25.8% and cash: 0.8% of total assets), and 33.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
66.8%
Return on assets
-4.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-09-2025, 48 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
48 d late
2023
50 d late
2022
106 d late
2021
120 d late
2020
102 d late
2019
86 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€495k▼ 57.9%
2023 · €1.18M
EBIT margin
-2.9%▼ 8.5pp
2023 · 5.6%
Net result
€-18k
2023 · €49k
Working capital
€190k▲ 33.0%
2023 · €143k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€980k▲ 11.0%€377k▼ 61.5%€829k▲ 120%€1.18M▲ 41.8%€495k▼ 57.9%
Operating result€113k▲ 88.5%€78k▼ 31.3%€32k▼ 59.1%€66k▲ 107%€-14k
Net result€89k▲ 132%€60k▼ 33.1%€26k▼ 56.0%€49k▲ 85.3%€-18k
EBIT margin11.5%▲ 4.7pp20.5%▲ 9.0pp3.8%▼ 16.7pp5.6%▲ 1.7pp-2.9%▼ 8.5pp
Equity€171k▲ 109%€230k▲ 35.0%€257k▲ 11.4%€282k▲ 9.8%€264k▼ 6.4%
Total assets€318k▲ 52.6%€377k▲ 18.8%€443k▲ 17.5%€484k▲ 9.2%€395k▼ 18.4%
Debt€124k▼ 1.9%€124k=€164k▲ 31.9%€180k▲ 9.6%€108k▼ 39.7%
Working capital€120k▲ 378%€225k▲ 87.7%€141k▼ 37.2%€143k▲ 1.1%€190k▲ 33.0%
Staff (FTE)1.6▲ 45.5%0.3▼ 81.3%1.5▲ 400%2▲ 33.3%2=
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €14k after €66k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €395k
Fixed assets
€103k ▼ 41.4%
Current assets
€292k ▼ 5.3%
Equity and liabilities €395k
Equity
€264k ▼ 6.4%
Provisions
€23k =
Debt
€108k ▼ 39.7%
Debt's share of the balance-sheet total falls from 37.1% to 27.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-4k▼
2023 · €81k
Cash flow
€-8k▼
2023 · €64k
Current ratio
2.86▲
2023 · 1.86
Quick ratio
2.55▲
2023 · 1.45
Debt to equity
0.41▼
2023 · 0.64
ROE
-6.8%▼
2023 · 17.3%
ROA
-4.5%▼
2023 · 10.1%
Interest coverage
-1.14▼
2023 · 23.45
Debt ≤ 1 year
€102k▼
2023 · €166k
Debt > 1 year
€6k▼
2023 · €14k
Income taxes
€155▼
2023 · €14k
Staff costs
€88k▲
2023 · €78k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €980k | €377k | €829k | €1.18M | €495k | ▼ 57.9% |
| Non-recurring operating income76A | - | €148k | - | - | €9k | - |
| Goods, raw materials, services and sundry goods60/61 | - | €422k | €750k | €1.02M | €416k | ▼ 59.2% |
| Remuneration, social security and pensions62 | - | €20k | €59k | €78k | €88k | ▲ 12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €18k | €13k | €16k | €10k | ▼ 34.9% |
| Other operating charges640/8 | - | €2k | €2k | €1k | €926 | ▼ 20.3% |
| Non-recurring operating charges66A | - | - | €800 | €10k | €13k | ▲ 28.8% |
| Gross operating margin9900 | €242k | €118k | €106k | €171k | €98k | ▼ 42.6% |
| Operating profit (loss)9901 | €113k | €78k | €32k | €66k | €-14k | ▼ 122% |
| Financial income75/76B | - | €2k | €5k | €917 | €172 | ▼ 81.3% |
| Recurring financial income75 | €6k | €2k | €5k | €917 | €172 | ▼ 81.3% |
| Financial charges65/66B | - | €3k | €4k | €3k | €4k | ▲ 5.1% |
| Recurring financial charges65 | €-24 | €3k | €4k | €3k | €4k | ▲ 5.1% |
| Profit (loss) for the period before taxes9903 | €119k | €76k | €33k | €63k | €-18k | ▼ 128% |
| Income taxes67/77 | €30k | €17k | €7k | €14k | €155 | ▼ 98.9% |
| Profit (loss) for the period9904 | €89k | €60k | €26k | €49k | €-18k | ▼ 137% |
| Profit (loss) for the period to be appropriated9905 | €89k | €60k | €26k | €49k | €-18k | ▼ 137% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €318k | €377k | €443k | €484k | €395k | ▼ 18.4% |
| Formation expenses20 | €0 | €0 | - | - | - | - |
| Fixed assets21/28 | €120k | €67k | €161k | €176k | €103k | ▼ 41.4% |
| Tangible fixed assets22/27 | €120k | €67k | €60k | €72k | €20k | ▼ 73.0% |
| Land and buildings22 | - | €49k | €51k | €47k | €4k | ▼ 92.3% |
| Furniture and vehicles24 | - | €18k | €8k | €26k | €16k | ▼ 37.5% |
| Financial fixed assets28 | €306 | €306 | €102k | €104k | €84k | ▼ 19.3% |
| Current assets29/58 | €198k | €310k | €282k | €308k | €292k | ▼ 5.3% |
| Amounts receivable after more than one year29 | - | - | €22k | €22k | €22k | = |
| Other amounts receivable291 | - | - | €22k | €22k | €22k | = |
| Stocks and contracts in progress3 | €0 | - | €62k | €69k | €32k | ▼ 53.4% |
| Stocks30/36 | - | - | €62k | €69k | €32k | ▼ 53.4% |
| Amounts receivable within one year40/41 | €70k | €175k | €138k | €139k | €230k | ▲ 65.1% |
| Trade receivables40 | - | €64k | €94k | €107k | €188k | ▲ 75.1% |
| Other amounts receivable41 | - | €110k | €45k | €32k | €42k | ▲ 31.7% |
| Current investments50/53 | €620 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €123k | €132k | €58k | €73k | €3k | ▼ 95.8% |
| Deferred charges and accrued income490/1 | - | €4k | €3k | €6k | €6k | ▼ 4.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €318k | €377k | €443k | €484k | €395k | ▼ 18.4% |
| Equity10/15 | €171k | €230k | €257k | €282k | €264k | ▼ 6.4% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €148k | €208k | €238k | €262k | €262k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €206k | €236k | €260k | €260k | = |
| Profit (loss) carried forward14 | €4k | €4k | €225 | €1k | €-17k | ▼ 1,294% |
| Provisions and deferred taxes16 | €23k | €23k | €23k | €23k | €23k | = |
| Provisions for liabilities and charges160/5 | - | €23k | €23k | €23k | €23k | = |
| Other liabilities and charges164/5 | - | €23k | €23k | €23k | €23k | = |
| Amounts payable17/49 | €124k | €124k | €164k | €180k | €108k | ▼ 39.7% |
| Amounts payable after more than one year17 | €46k | €38k | €22k | €14k | €6k | ▼ 55.3% |
| Financial debts170/4 | - | €38k | €22k | €14k | €6k | ▼ 55.3% |
| Amounts payable within one year42/48 | €78k | €86k | €141k | €166k | €102k | ▼ 38.4% |
| Current portion of amounts payable after more than one year42 | - | €25k | €19k | €25k | €15k | ▼ 41.7% |
| Financial debts43 | - | €2k | €0 | - | €6k | - |
| Credit institutions430/8 | - | €2k | €0 | - | €6k | - |
| Trade debts44 | €32k | €36k | €114k | €112k | €70k | ▼ 37.2% |
| Suppliers440/4 | - | €36k | €114k | €112k | €70k | ▼ 37.2% |
| Taxes, remuneration and social security45 | - | €23k | €8k | €5k | €11k | ▲ 129% |
| Taxes450/3 | - | €22k | €598 | €21 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | €764 | €7k | €5k | €11k | ▲ 130% |
| Other amounts payable47/48 | - | - | - | €24k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €234 | €315 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €89k | €60k | €26k | €49k | €-18k | ▼ 137% |
| + Depreciation and write-downs630 | €13k | €18k | €13k | €16k | €10k | ▼ 34.9% |
| Operating cash flow (approximation) | €103k | €78k | €40k | €64k | €-8k | ▼ 112% |
| Investment in fixed assets (approximation) | - | €35k | €-107k | €-30k | €63k | ▲ 306% |
| Change in cash | - | €9k | €-74k | €15k | €-70k | ▼ 561% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 48 days late
2024
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series.
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 50 days late
2023
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 106 days late
2022
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 120 days late
2021
31-12
Financial
Equity above €200kEq €230k ▲35%
3 profitable years in a row build equity to €230k.
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 102 days late
2020
31-12
Financial
Highest result since 2018net €89k ▲132%
Operating result €113k, net result €89k, both a record.
31-12
Financial
Equity above €150kEq €171k ▲109%
2 profitable years in a row build equity to €171k.
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 86 days late
2019
31-12
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 22 days late
Show earlier events
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
2016
02-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 63 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
2 acts for this company are 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, Pecq · 1 establishment unit since 1994
Ground area
125 m²
Building footprint
49 m²
Volume, LiDAR
440 m³
Parcel 57037C0013/00T000, Wallonia · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ESPACE ELECTRO
since 19942.066.313.004
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57037C0013/00T000 | Wallonia | 125 m² | 1 · 49 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 7,811 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-12-1993
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
47540Retail sale of electrical household appliances
43212Electrical installation work in industrial facilities
Scores and ratios are computed by Checked and are not a credit decision.