Financials
- Financial year
- 2025
- Total assets
- €128,180
- Profit
- €4,350
- Solvency
- 5.0%
G.ELEC 22
ActiveSummary
The computed 12-month bankruptcy probability of G.ELEC 22 is 4.2% (elevated). The 2025 annual accounts show equity of €6,350 and a net result of €4,350. Its solvency ranks better than 11% of 34,483 sector peers (NACE 43, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
General electrical installation work
NACE 43211
1 site
Size
€128,180total assets 2025
- Equity
- €6,350
- Profit
- €4,350
Turnover not published (micro format)
Structure
Accounts filed 61 days late
Why 47raises riskFounded in 2025Latest accounts 61 days late; 1 of the last 3 lateSector: Specialised construction activities (NACE 43)Liquidity: current ratio 1.11, cash €936Show the evidence
Checked score
Score 2025
47
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 20% of its sector peers (NACE 43, micro)
Financial strength
Weak
Solvency
30
equity 5.0% of total assets
Liquidity
6
short-term debt 81.8% · cash 0.7%
Profitability
73
return on assets 3.4%
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2026: 1.9%lowest value
05-2026: 1.9%● unchanged vs 04-2026
06-2026: 2.3%▲ +0.4 percentage points vs 05-2026
07-2026: 2.4%▲ +0.1 percentage points vs 06-2026
08-2026: 2.7%▲ +0.3 percentage points vs 07-2026
09-2026: 2.7%● unchanged vs 08-2026
10-2026: 4.2%▲ +1.5 percentage points vs 09-2026highest value
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.11, below the usual 1.5; short-term debt: 81.8% and cash: 0.7% of total assets), and 95% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 11% on solvency, 5% on liquidity and 44% on profitability.
The bankruptcy probability was computed on 20-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
raises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 34483 sector peers (2025).
NBB · sector comparisonPosition among 34483 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
61 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointment: HAJJAR Georges (director) ·…
Key points
By topic
Timeline
- Events
- 2
- Since
- 2025
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- General electrical installation workNACE 43211
- Founded
- 03-03-2025
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 31
- Annual meeting
- Last Friday of June at 15:00
- Purpose
- “Alle professionele activiteiten in verband met elektriciteit,evenals het…” (deed in Dutch)
- Statutory auditor
- No statutory auditor
Go further with this company
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