GRACEFFA ELEC
Open bankruptcyA bankruptcy procedure is open for GRACEFFA ELEC according to publications in the Belgian State Gazette; curator: VINCENT DIEU.
Summary
The 2023 annual accounts show equity of €73k and a net result of €12k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
64 d late
2021
17 d late
2020
51 d early
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12k
2022 · €-241
2019: €18k
2020: €27k▲ +48.7% vs 2019highest in 5 years
2021: €1k▼ -95.7% vs 2020
2022: €-241▼ -121% vs 2021lowest in 5 years
2023: €12k▲ +4958% vs 2022
2019 → 2023
Working capital
€171k▼ 14.5%
2022 · €200k
2019: €18klowest in 5 years
2020: €114k▲ +531% vs 2019
2021: €252k▲ +120% vs 2020highest in 5 years
2022: €200k▼ -20.4% vs 2021
2023: €171k▼ -14.5% vs 2022
2019 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€21k-€53k▲ 151%€55k▲ 2.2%€61k▲ 12.4%€73k▲ 19.1%
2019: €21klowest in 5 years
2020: €53k▲ +151% vs 2019
2021: €55k▲ +2.2% vs 2020
2022: €61k▲ +12.4% vs 2021
2023: €73k▲ +19.1% vs 2022highest in 5 years
Operating result€25k-€40k▲ 62.6%€13k▼ 68.2%€9k▼ 30.8%€24k▲ 172%
2019: €25k
2020: €40k▲ +62.6% vs 2019highest in 5 years
2021: €13k▼ -68.2% vs 2020
2022: €9k▼ -30.8% vs 2021lowest in 5 years
2023: €24k▲ +172% vs 2022
Net result€18k-€27k▲ 48.7%€1k▼ 95.7%€-241€12k
2019: €18k
2020: €27k▲ +48.7% vs 2019highest in 5 years
2021: €1k▼ -95.7% vs 2020
2022: €-241▼ -121% vs 2021lowest in 5 years
2023: €12k▲ +4958% vs 2022
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 172% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €429k
Fixed assets
€46k ▼ 1.6%
Current assets
€382k ▼ 15.6%
Equity and liabilities €429k
Equity
€73k ▲ 19.1%
Debt
€356k ▼ 19.0%
Debt's share of the balance-sheet total falls from 87.7% to 83.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32k▲
2022 · €27k
Cash flow
€20k▲
2022 · €18k
Current ratio
1.81▲
2022 · 1.79
Quick ratio
1.38▲
2022 · 0.88
Debt to equity
4.87▼
2022 · 7.16
ROE
16.0%▲
2022 · -0.4%
ROA
2.7%▲
2022 · 0.0%
Interest coverage
2.57▼
2022 · 3.53
Debt ≤ 1 year
€211k▼
2022 · €253k
Debt > 1 year
€145k▼
2022 · €184k
Staff costs
€379k▼
2022 · €418k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 53 lines
Balance sheet
Code20222023
Assets
Total assets20/58€500k€429k▼
Fixed assets21/28€47k€46k▼
Intangible fixed assets21€24k€20k▼
Tangible fixed assets22/27€19k€22k▲
Plant, machinery and equipment23€17k€20k▲
Furniture and vehicles24€3k€1k▼
Financial fixed assets28€3k€4k▲
Current assets29/58€453k€382k▼
Stocks and contracts in progress3€230k€92k▼
Stocks30/36€160k€72k▼
Contracts in progress37€70k€20k▼
Amounts receivable within one year40/41€182k€290k▲
Trade receivables40€133k€257k▲
Other amounts receivable41€48k€34k▼
Cash at bank and in hand54/58€41k-
Equity and liabilities
Total equity and liabilities10/49€500k€429k▼
Equity10/15€61k€73k▲
Contributions10/11€15k€15k=
Capital10€15k-
Issued capital100€15k-
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€45k€56k▲
Amounts payable17/49€439k€356k▼
Amounts payable after more than one year17€184k€145k▼
Financial debts170/4€151k€119k▼
Other amounts payable178/9€33k€26k▼
Amounts payable within one year42/48€253k€211k▼
Current portion of amounts payable after more than one year42€41k€43k▲
Financial debts43-€17k
Credit institutions430/8-€17k
Trade debts44€163k€106k▼
Suppliers440/4€163k€106k▼
Taxes, remuneration and social security45€49k€45k▼
Taxes450/3€8k€4k▼
Remuneration and social security454/9€41k€41k▼
Accrued charges and deferred income492/3€3k-
Income statement
Code20222023
Remuneration, social security and pensions62€418k€379k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€8k▼
Other operating charges640/8€2k€4k▲
Gross operating margin9900€447k€415k▼
Operating profit (loss)9901€9k€24k▲
Financial income75/76B€20€0▼
Recurring financial income75€20€0▼
Financial charges65/66B€8k€13k▲
Recurring financial charges65€8k€13k▲
Profit (loss) for the period before taxes9903€1k€12k▲
Income taxes67/77€2k-
Profit (loss) for the period9904€-241€12k▲
Profit (loss) for the period to be appropriated9905€-241€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€45k€56k▲
Profit (loss) brought forward from the previous period14P€45k€45k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €233k | €418k | €379k | ▼ 9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €15k | €17k | €18k | €8k | ▼ 55.3% |
| Other operating charges640/8 | - | - | €2k | €2k | €4k | ▲ 98.5% |
| Gross operating margin9900 | €211k | €231k | €265k | €447k | €415k | ▼ 7.1% |
| Operating profit (loss)9901 | €25k | €40k | €13k | €9k | €24k | ▲ 172% |
| Financial income75/76B | - | - | - | €20 | €0 | ▼ 99.8% |
| Recurring financial income75 | €0 | - | - | €20 | €0 | ▼ 99.8% |
| Financial charges65/66B | - | - | €7k | €8k | €13k | ▲ 65.1% |
| Recurring financial charges65 | €2k | €5k | €7k | €8k | €13k | ▲ 65.1% |
| Profit (loss) for the period before taxes9903 | €23k | €36k | €5k | €1k | €12k | ▲ 771% |
| Income taxes67/77 | €5k | €9k | €4k | €2k | - | - |
| Profit (loss) for the period9904 | €18k | €27k | €1k | €-241 | €12k | ▲ 4,958% |
| Profit (loss) for the period to be appropriated9905 | €18k | €27k | €1k | €-241 | €12k | ▲ 4,958% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €228k | €313k | €442k | €500k | €429k | ▼ 14.3% |
| Fixed assets21/28 | €68k | €53k | €65k | €47k | €46k | ▼ 1.6% |
| Intangible fixed assets21 | €37k | €32k | €28k | €24k | €20k | ▼ 16.7% |
| Tangible fixed assets22/27 | €31k | €21k | €33k | €19k | €22k | ▲ 10.5% |
| Plant, machinery and equipment23 | - | - | €19k | €17k | €20k | ▲ 20.3% |
| Furniture and vehicles24 | - | - | €15k | €3k | €1k | ▼ 47.2% |
| Financial fixed assets28 | - | - | €3k | €3k | €4k | ▲ 39.1% |
| Current assets29/58 | €160k | €260k | €377k | €453k | €382k | ▼ 15.6% |
| Stocks and contracts in progress3 | €32k | €13k | €102k | €230k | €92k | ▼ 60.1% |
| Stocks30/36 | - | - | €83k | €160k | €72k | ▼ 55.2% |
| Contracts in progress37 | - | - | €20k | €70k | €20k | ▼ 71.2% |
| Amounts receivable within one year40/41 | €79k | €139k | €234k | €182k | €290k | ▲ 59.9% |
| Trade receivables40 | - | - | €212k | €133k | €257k | ▲ 92.5% |
| Other amounts receivable41 | - | - | €22k | €48k | €34k | ▼ 30.3% |
| Cash at bank and in hand54/58 | €7k | €51k | €40k | €41k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €228k | €313k | €442k | €500k | €429k | ▼ 14.3% |
| Equity10/15 | €21k | €53k | €55k | €61k | €73k | ▲ 19.1% |
| Contributions10/11 | €3k | €8k | €8k | €15k | €15k | = |
| Capital10 | - | - | - | €15k | - | - |
| Issued capital100 | - | - | - | €15k | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €17k | €44k | €45k | €45k | €56k | ▲ 26.2% |
| Amounts payable17/49 | €207k | €260k | €387k | €439k | €356k | ▼ 19.0% |
| Amounts payable after more than one year17 | €65k | €114k | €262k | €184k | €145k | ▼ 21.3% |
| Financial debts170/4 | - | - | €208k | €151k | €119k | ▼ 21.1% |
| Other amounts payable178/9 | - | - | €54k | €33k | €26k | ▼ 22.2% |
| Amounts payable within one year42/48 | €142k | €145k | €125k | €253k | €211k | ▼ 16.5% |
| Current portion of amounts payable after more than one year42 | - | - | €21k | €41k | €43k | ▲ 5.4% |
| Financial debts43 | - | - | - | - | €17k | - |
| Credit institutions430/8 | - | - | - | - | €17k | - |
| Trade debts44 | €78k | €100k | €72k | €163k | €106k | ▼ 34.9% |
| Suppliers440/4 | - | - | €72k | €163k | €106k | ▼ 34.9% |
| Taxes, remuneration and social security45 | - | - | €31k | €49k | €45k | ▼ 7.8% |
| Taxes450/3 | - | - | €6k | €8k | €4k | ▼ 45.6% |
| Remuneration and social security454/9 | - | - | €25k | €41k | €41k | ▼ 0.5% |
| Accrued charges and deferred income492/3 | - | - | - | €3k | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €27k | €1k | €-241 | €12k | ▲ 4,958% |
| + Depreciation and write-downs630 | €15k | €15k | €17k | €18k | €8k | ▼ 55.3% |
| Operating cash flow (approximation) | €33k | €42k | €18k | €18k | €20k | ▲ 11.9% |
| Investment in fixed assets (approximation) | - | €0 | €-28k | €0 | €-7k | ▼ 12,026,767% |
| Change in cash | - | €44k | €-11k | €852 | - | - |
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
2024
21-10
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Mons · event 14-10-2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 64 days late
2022
31-12
Financial
Weakest financial yearnet €-241
Net result drops to €-241, the lowest in the series.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 17 days late
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2019net €27k ▲48.7%
Operating result €40k, net result €27k, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, La Louvière · 1 establishment unit since 2018
Ground area
2,640 m²
Building footprint
569 m²
Volume, LiDAR
3,417 m³
Parcel 55042B0224/00H002, Wallonia · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Graceffa Elec
since 20182.282.934.590
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55042B0224/00H002 | Wallonia | 2,640 m² | 1 · 569 m² | 7.5 m · 2 fl. |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | VINCENT DIEU RUE DE LA FONTAINE, 47,
7301 HORNU- .
Date provisoire de cessation de paiement : 14/10/2024 |
14-10-2024 → present |
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 4,801 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
Founded28-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
Contact
Phone
+32493504063
Phone
0497/156534La Louvière
Scores and ratios are computed by Checked and are not a credit decision.