GET-ELEC
ActiveSummary
The computed 12-month bankruptcy probability of GET-ELEC is 3.1% (moderate). The 2025 annual accounts show equity of €55,465 and a net result of -€1,281. Equity is growing by ~38.9% per year across the filed fiscal years. Its solvency ranks better than 17% of 28254 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-61
Solvency39▼-34
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.04 against 2.65 in 2024; short-term debt: 15.5% and cash: 3.9% of total assets), but 86% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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 2025Solvency, return and age of the figures
Solvency
14%
Return on assets
-0.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 28254 sector peers (2025).
NBB · sector comparisonPosition among 28254 sector peers
Solvency
better than 17%
← 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 27-08-2026, 27 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 · 3 filingsDeviation from the deadline
2025
27 d late
2024
25 d late
2023
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 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 (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 27 August (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€55,465▼ 2.3%
2024 · €56,746
Total assets
€396,190▲ 238%
2024 · €117,379
Net result
-€1,281
2024 · €44,445
Working capital
€63,863▲ 24.9%
2024 · €51,140
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€12,833-€54,325▲ 323%€16,365▼ 69.9%
Net result€11,301within the sector's middle half-€44,445above the sector's middle half▲ 293%-€1,281below the sector's middle half
Equity€12,301below the sector's middle half-€56,746within the sector's middle half▲ 361%€55,465within the sector's middle half▼ 2.3%
Total assets€52,126below the sector's middle half-€117,379within the sector's middle half▲ 125%€396,190above the sector's middle half▲ 238%
Debt€39,825-€60,633▲ 52.2%€340,725▲ 462%
Working capital-€779below the sector's middle half-€51,140within the sector's middle half€63,863within the sector's middle half▲ 24.9%
Solvency23.6%within the sector's middle half-48.3%within the sector's middle half▲ 24.7pp14.0%below the sector's middle half▼ 34.3pp
Current ratio0.93below the sector's middle half-2.65within the sector's middle half▲ 1.722.04within the sector's middle half▼ 0.61
Return on assets (ROA)21.7%above the sector's middle half-37.9%above the sector's middle half▲ 16.2pp-0.3%below the sector's middle half▼ 38.2pp
Staff (FTE)11.4▲ 40.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 70% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €396,190
Fixed assets
€270,899 ▲ 669%
Current assets
€125,291 ▲ 52.6%
Equity and liabilities €396,190
Equity
€55,465 ▼ 2.3%
Debt
€340,725 ▲ 462%
Debt's share of the balance-sheet total rises from 51.7% to 86.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€46,576▼
2024 · €70,492
Cash flow
€28,930▼
2024 · €60,612
Quick ratio
1.45▼
2024 · 2.20
Debt to equity
6.14▲
2024 · 1.07
ROE
-2.3%▼
2024 · 78.3%
Interest coverage
2.47▼
2024 · 414.20
Debt ≤ 1 year
€61,428▲
2024 · €30,989
Debt > 1 year
€279,297▲
2024 · €29,623
Income taxes
€350▼
2024 · €11,246
Staff costs
€60,670▲
2024 · €6,671
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,270 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 93% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
3.6%
went bankrupt
2.0%
stopped otherwise
93%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,270 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €6,671 | €60,670 | ▲ 810% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,789 | €16,167 | €30,211 | ▲ 86.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,362 | -€1,362 | ▼ 200% |
| Other operating charges640/8 | €186 | €923 | €4,080 | ▲ 342% |
| Gross operating margin9900 | €25,808 | €79,448 | €109,964 | ▲ 38.4% |
| Operating profit (loss)9901 | €12,833 | €54,325 | €16,365 | ▼ 69.9% |
| Financial income75/76B | €774 | €1,536 | €1,590 | ▲ 3.5% |
| Recurring financial income75 | €774 | €1,536 | €1,590 | ▲ 3.5% |
| Financial charges65/66B | €78 | €170 | €18,885 | ▲ 10,997% |
| Recurring financial charges65 | €78 | €170 | €18,885 | ▲ 10,997% |
| Profit (loss) for the period before taxes9903 | €13,530 | €55,691 | -€931 | ▼ 102% |
| Income taxes67/77 | €2,229 | €11,246 | €350 | ▼ 96.9% |
| Profit (loss) for the period9904 | €11,301 | €44,445 | -€1,281 | ▼ 103% |
| Profit (loss) for the period to be appropriated9905 | €11,301 | €44,445 | -€1,281 | ▼ 103% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €52,126 | €117,379 | €396,190 | ▲ 238% |
| Fixed assets21/28 | €42,081 | €35,250 | €270,899 | ▲ 669% |
| Intangible fixed assets21 | - | - | €238,503 | - |
| Tangible fixed assets22/27 | €42,081 | €35,250 | €32,396 | ▼ 8.1% |
| Plant, machinery and equipment23 | €3,586 | €3,605 | €1,683 | ▼ 53.3% |
| Furniture and vehicles24 | €32,408 | €28,601 | €25,798 | ▼ 9.8% |
| Leasing and similar rights25 | €6,087 | €3,044 | - | - |
| Other tangible fixed assets26 | - | - | €4,915 | - |
| Current assets29/58 | €10,044 | €82,129 | €125,291 | ▲ 52.6% |
| Stocks and contracts in progress3 | €5,464 | €13,929 | €36,119 | ▲ 159% |
| Stocks30/36 | €5,464 | €13,929 | €36,119 | ▲ 159% |
| Amounts receivable within one year40/41 | €1,588 | €31,607 | €63,319 | ▲ 100% |
| Trade receivables40 | - | €27,430 | €57,371 | ▲ 109% |
| Other amounts receivable41 | €1,588 | €4,177 | €5,948 | ▲ 42.4% |
| Cash at bank and in hand54/58 | €2,903 | €35,313 | €15,529 | ▼ 56.0% |
| Deferred charges and accrued income490/1 | €90 | €1,280 | €10,325 | ▲ 707% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €52,126 | €117,379 | €396,190 | ▲ 238% |
| Equity10/15 | €12,301 | €56,746 | €55,465 | ▼ 2.3% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €11,301 | €55,746 | €54,465 | ▼ 2.3% |
| Amounts payable17/49 | €39,825 | €60,633 | €340,725 | ▲ 462% |
| Amounts payable after more than one year17 | €29,001 | €29,623 | €279,297 | ▲ 843% |
| Financial debts170/4 | - | - | €215,540 | - |
| Other amounts payable178/9 | €29,001 | €29,623 | €63,757 | ▲ 115% |
| Amounts payable within one year42/48 | €10,823 | €30,989 | €61,428 | ▲ 98.2% |
| Trade debts44 | €2,354 | €11,786 | €36,369 | ▲ 209% |
| Suppliers440/4 | €2,354 | €11,786 | €36,369 | ▲ 209% |
| Advances received on contracts in progress46 | €3,241 | €2,844 | - | - |
| Taxes, remuneration and social security45 | €5,229 | €15,456 | €24,156 | ▲ 56.3% |
| Taxes450/3 | €2,229 | €11,714 | €13,689 | ▲ 16.9% |
| Remuneration and social security454/9 | €3,000 | €3,742 | €10,467 | ▲ 180% |
| Other amounts payable47/48 | - | €903 | €903 | = |
| Accrued charges and deferred income492/3 | - | €21 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,301 | €44,445 | -€1,281 | ▼ 103% |
| + Depreciation and write-downs630 | €12,789 | €16,167 | €30,211 | ▲ 86.9% |
| Operating cash flow (approximation) | €24,090 | €60,612 | €28,930 | ▼ 52.3% |
| Investment in fixed assets (approximation) | - | -€9,336 | -€265,860 | ▼ 2,748% |
| Change in cash | - | €32,410 | -€19,784 | ▼ 161% |
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
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet -€1,281
Net result drops to -€1,281, the lowest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Highest result since 2023net €44,445 ▲293%
Operating result €54,325, net result €44,445, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.65
Current ratio from 0.93 to 2.65.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 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, Lasne · 1 establishment unit since 2023
Ground area
2,494 m²
Building footprint
321 m²
Parcel 25076G0100/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
GET-ELEC
since 20232.347.046.246
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076G0100/00A000 | Wallonia | 2,494 m² | 1 · 320 m² | - |
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 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,634 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
Founded17-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Contact
E-mail
gaetan.courouble@get-elec.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0798563980
Also
9925:BE0798563980
Registered
14-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.