Equity
€39,876 ▲ 122%
EXPRELEC has made a profit in every financial year since 2021.
EXPRELEC
Lifetime
5 annual accounts with figures on one time axispeak €35,174 (2025)
€35,174▲ 25×
peak €21,881 (2025)
€21,881▲ 90×
peak €39,876 (2025)
€39,876▲ 122%
€42,071▲ 70.8%
Board2 names since 2020
1 directorlacobanDorin
Documentsfilings and deeds
22-07-20269 days before the deadline
2025micro format
Gross margin from €1,397 to €35,174Result from €242 to €21,881Equity from €17,995 to €39,876Debts from €24,630 to €42,071Cash from €4,865 to €13,915
Key points
from the 2025 annual accountsTurnover
≈ €160,000 estimated
The micro format states no turnover.
Investments
€27,603 18.0 × depreciation
Green is investment, beige is depreciation.
Liquidity
5.63 was 1.73 in 2024
Short-term debts fell from €24,630 to €9,928.
Filings
5 annual accounts since 2021
The last five annual accounts were filed 5 to 33 days before the end of the period.
Starting capital
€7,000 70 shares
Checked score
69
Healthy
Financially stronger than 77% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.0%
01-2025: 2.0%● unchanged vs 12-2024
02-2025: 2.0%● unchanged vs 01-2025
03-2025: 2.0%● unchanged vs 02-2025
04-2025: 2.3%▲ +0.3 percentage points vs 03-2025
05-2025: 2.9%▲ +0.6 percentage points vs 04-2025
06-2025: 3.0%▲ +0.1 percentage points vs 05-2025
07-2025: 3.1%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 1.6%▼ -1.5 percentage points vs 07-2025
09-2025: 1.6%● unchanged vs 08-2025
10-2025: 1.6%● unchanged vs 09-2025
11-2025: 1.6%● unchanged vs 10-2025
12-2025: 1.6%● unchanged vs 11-2025
01-2026: 1.1%▼ -0.5 percentage points vs 12-2025
02-2026: 1.5%▲ +0.4 percentage points vs 01-2026
03-2026: 1.6%▲ +0.1 percentage points vs 02-2026
04-2026: 1.8%▲ +0.2 percentage points vs 03-2026
05-2026: 2.2%▲ +0.4 percentage points vs 04-2026
06-2026: 2.1%▼ -0.1 percentage points vs 05-2026
07-2026: 2.2%▲ +0.1 percentage points vs 06-2026
08-2026: 1.1%▼ -1.1 percentage points vs 07-2026
09-2026: 0.9%▼ -0.2 percentage points vs 08-2026lowest value
10-2026: 1.0%▲ +0.1 percentage points vs 09-2026
11-2026: 1.0%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €81,948
1 change of registered office in 24 months
Founded in 2020
lowers risk
Liquidity: current ratio 5.63, cash €13,915
Calculation
The band follows from the bankruptcy probability. 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). It does better than 53% of them on solvency, 68% on liquidity, 92% on profitability and 93% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as EXPRELEC has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EXPRELEC itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for EXPRELEC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.63 (1.73 in 2024), above the usual 1.5. Short-term debt is 12.1% and cash 17% of total assets. However, 51.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
9 days early
2024
11 days early
2023
19 days early
2022
33 days early
2021
5 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 15 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
L
lacobanDorin
Director
- IACOBAN Dorin 70 sharesdeed of 18-06-2020
Recent changes
Registered office moved from Machelen to Diegem
New registered office: De Kleetlaan5 BC 1831 Diegem · Previous registered office: Pegasuşlaan 5, 1831 Machelen · General meeting of 15-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0748625115
Registered-office move
Director in office: lacobanDorin · General meeting of 20/11/23 · Gazette deed
Incorporation
Founding capital of €7,000, 70 shares · Founder: IACOBAN Dorin · Appointment: IACOBAN Dorin (director and permanent representative) · published on 18-06-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EXPRELEC Machelen (Brab.) | €81,948 | €35,174 | 48.7% | - |
| SST Services Vilvoorde | €75,234 | €32,697 | 26.5% | - |
| HAROBEL Tremelo | €97,096 | €38,133 | 34.1% | - |
| Intelli-Technix Tremelo | €80,967 | €34,893 | 25.8% | - |
| KDP-Projects Rotselaar | €93,904 | €32,822 | 45.1% | - |
| TEAM PROTECT Waremme | €82,452 | €35,594 | 20.8% | - |
| ALP NETWORK Beringen | €83,342 | €38,456 | 69.3% | - |
These companies have the same main activity as EXPRELEC: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €75,200 and €97,100, founded between 2019 and 2021.
Official details
Source: KBO- Status
- Active since 16-06-2020Normal situation
- Registered office
- 163 active companies are registered at this address10 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- General electrical installation workNACE 43211and 1 other
- Establishment unit
- 2.303.778.5061831 Machelen (Brab.), since 16-06-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 13-12-2025
Annual accounts 2025
- €81,948▲ 92.2%
- Employeeson 31-12-2025
- 1
- Filing
- Filed on 22-07-2026, 9 days before the end of the filing period
Insights on EXPRELEC
EXPRELEC files the micro format. That format states no turnover. The gross margin rose from €4,998 in 2021 to €35,174 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about EXPRELEC
- What is the company number of EXPRELEC?
- The company number of EXPRELEC is 0748.625.115. The VAT number is the same number with BE in front: BE 0748.625.115.
- Where is EXPRELEC based?
- The registered office is at De Kleetlaan 5 BC, 1831 Machelen (Brab.).Company details
- What does EXPRELEC do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of EXPRELEC?
- EXPRELEC is a private limited company (BV).
- When was EXPRELEC founded?
- EXPRELEC was founded on 16-06-2020.
- Is EXPRELEC still active?
- Yes, EXPRELEC is an active enterprise in the KBO register.
- How many employees does EXPRELEC have?
- EXPRELEC had an average of 0.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of EXPRELEC?
- The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €35,174 and 45 comparable companies (NACE 43211). It probably lies between €120,000 and €250,000.
- Is EXPRELEC profitable?
- In financial year 2025, EXPRELEC made a profit of €21,881.
- Where can I find the annual accounts of EXPRELEC?
- EXPRELEC filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EXPRELEC due?
- EXPRELEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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