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GG ELEC

Active
Private limited companyfounded 2008active for 18 yearsGroot-Bijgaardenstraat 67, 1600 Sint-Pieters-Leeuw, BelgiumKBO/BCE: BE 0895.121.839
Summary

The computed 12-month bankruptcy probability of GG ELEC is 1.7% (moderate). The 2024 annual accounts show equity of €122,159 and a net result of €137. Equity is growing by about 23% per year across the filed financial years. Its solvency ranks better than 41% of 35,977 sector peers (NACE 43, financial year 2024). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Other specialised construction activities
NACE 43990General electrical installation work NACE 43211
1 site
Size
€313,152total assets 2024
Staff
3.2 FTE
Equity
€122,159
Profit
€137
Turnover not published (micro format)
Financial health
54 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.7%
Structure
Accounts 72 days overdue0 of 8 deeds read
Why 54raises riskFigures for financial year 2024 (filed 29-08-2025)Liquidity: current ratio 1.43, cash €19,724, halvedlowers riskFounded in 2008Size: total assets €313,152Show the evidence

Checked score

Score 2024
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 32% of its sector peers (NACE 43, micro)
Financial strength · tick = 2023
Average
Solvency 64+2
equity 39.0% of total assets
Liquidity 30-24
short-term debt 54.6% · cash 6.3%
Profitability 69-11
return on assets 0.0%
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,538 companies, NACE 43, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.2%▲ +0.1 percentage points vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025 09-2025: 0.4%▲ +0.1 percentage points vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.9%▲ +0.5 percentage points vs 07-2026 09-2026: 1.1%▲ +0.2 percentage points vs 08-2026 10-2026: 1.7%▲ +0.6 percentage points vs 09-2026highest value
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.43, compared with 1.42 in 2023; short-term debt: 54.6% and cash: 6.3% of total assets), and 61% of the assets are financed with debt.
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 42% on solvency, 19% on liquidity, 35% on profitability and 35% on growth.

The bankruptcy probability was computed on 10-10-2026 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

Five signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 29-08-2025)
NBB · annual accounts
lowers risk · Founded in 2008
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Size: total assets €313,152
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.43, cash €19,724, halved
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
29 days late
2023
30 days late
2022
30 days late
2021
30 days late
2020
29 days late
2019
91 days 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 40 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Weakest financial yearnet €137 ▼99.6%
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 72 days late View
  • Positive: 7 profitable years in a rowprofit 2024: €137 7 years View
  • Among the largest 17% on gross marginsector median €38,613 · 35,922 companies €136,363 View

By topic

Financials

Financial year
2024
Total assets
€313,152
Profit
€137
Solvency
39.0%
Total assets▼ 6.2%
Net result
20182024
Go to Financials

Timeline

Events
19
Since
2009
  1. 31-12-2023Highest result from 2018 to 2024
  2. 31-12-2023Equity above €100,000
  3. 30-08-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other specialised construction activitiesNACE 43990
Founded
22-01-2008
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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