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F.B.ELEC

Active
Private limited companyfounded 200421 yrs activeRuelle Basse(GHI) 7, 7822 Ath, BelgiumKBO/BCE: BE 0870.264.105
Summary

F.B.ELEC has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €173,661 and a net result of €72,244. Equity is growing by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 25% of 3561 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisWatch ReportCompare
F.B.ELECActiveChecked score 69/100
Risk analysis ReportCompare

Overview

Activity
General electrical installation work
NACE 43211
1 site
Size
€786,064total assets 2024
Equity
€173,661
Profit
€72,244
Financial health
69 Healthy Checked score 2024
Bankruptcy chance 12 m
0.8%
Structure
Accounts 65 d overdue0 of 2 deeds read
Why 69- Figures for FY 2024 (filed 05-09-2025)- 1 financial year not filed after the legal deadline; latest accounts 32 days late; 3 of the last 3 late+ Founded in 2004+ Liquidity: current ratio 1.19, cash €293,504Show the evidence

Checked score

Score 2024
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 56% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 47=
equity 22.1% of total assets
Liquidity 60-1
short-term debt 69.2% · cash 37.3%
Profitability 80+7
return on assets 9.2%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,133 companies)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● 0.0% vs 11-2024 01-2025: 0.4%▼ -0.7% vs 12-2024 02-2025: 0.4%▲ +0.7% vs 01-2025 03-2025: 0.4%▼ -1.4% vs 02-2025 04-2025: 0.4%▼ -1.9% vs 03-2025 05-2025: 0.4%▲ +2.4% vs 04-2025 06-2025: 0.4%▼ -4.7% vs 05-2025 07-2025: 0.4%▲ +5.1% vs 06-2025 08-2025: 0.6%▲ +43.6% vs 07-2025 09-2025: 0.7%▲ +18.5% vs 08-2025 10-2025: 0.3%▼ -58.5% vs 09-2025 11-2025: 0.3%● 0.0% vs 10-2025 12-2025: 0.3%● 0.0% vs 11-2025 01-2026: 0.3%▼ -0.7% vs 12-2025 02-2026: 0.3%▲ +2.0% vs 01-2026 03-2026: 0.3%▲ +2.0% vs 02-2026 04-2026: 0.3%▼ -6.1% vs 03-2026lowest value 05-2026: 0.3%▲ +3.1% vs 04-2026 06-2026: 0.3%▲ +3.0% vs 05-2026 07-2026: 0.4%▲ +12.8% vs 06-2026 08-2026: 0.5%▲ +55.1% vs 07-2026 09-2026: 0.6%▲ +18.9% vs 08-2026 10-2026: 0.8%▲ +15.7% vs 09-2026highest value
  • Founded in 2004 lowers the probability for this profile
  • Figures for FY 2024 (filed 05-09-2025) raises the probability
  • Liquidity: current ratio 1.19, cash €293,504 lowers the probability
  • 1 financial year not filed after the legal deadline; latest accounts 32 days late; 3 of the last 3 late raises the probability
Credit up to €11,000 at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.14 in 2023; short-term debt: 69.2% and cash: 37.3% of total assets), and 77.9% 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 24%, liquidity 57%, profitability 60%, growth against the median 82%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Founded in 2004
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Figures for FY 2024 (filed 05-09-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.19, cash €293,504
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 32 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 3561 sector peers (2024).
NBB · sector comparison
Position among 3561 sector peers
Solvency
better than 25%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-09-2025, 32 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 filings
Deviation from the deadline
2025
not confirmed
2024
32 d late
2023
41 d late
2022
31 d late
2021
24 d late
2020
16 d late
2019
20 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 27 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 (1)
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 2024 · full…
  2. Highest result since 2018net €72,244 ▲339%
  3. Equity above €150,000Eq €173,661 ▲45.8%

Key points

  • Positive: Result rose in 2024from €16,463 to €72,244 ▲ 339% View
  • Caution: Accounts not fileddeadline was 31-07-2026 65 d late View
  • Positive: 7 profitable years in a rowprofit 2024: €72,244 7 years View

By topic

Financials

Fiscal year
2024
Total assets
€786,064
Profit
€72,244
Solvency
22.1%
Turnover▼ 27.9%
Net result
20182020
Go to Financials

Timeline

Events
14
Since
2016
  1. 01-09-2025Annual accounts filed
  2. 31-12-2024Highest result since 2018
  3. 31-12-2024Equity above €150,000
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
General electrical installation workNACE 43211
Founded
30-11-2004
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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