House-Elec

Active

Private limited companyfounded 20188 yrs activeScheutlaan 52, 1070 Anderlecht, BelgiumKBO/BCE: BE 0690.940.205

Summary

The computed 12-month bankruptcy probability of House-Elec is 2.1% (moderate). The 2024 annual accounts show equity of €98k and a net result of €34k. Equity is growing by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 77% of 36375 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

82 / 100

Excellent

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+17

Solvency96▼-4

Growth78=

Track record100

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €8k at 30 days acceptable

Liquidity ample (current ratio 3.36 against 5.12 in 2023; short-term debt: 29.1% and cash: 61.8% of total assets), and 29.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.

NBB · 7 filings

Deviation from the deadline

2025

not confirmed

2024

on the day

2023

30 d late

2022

30 d late

2021

31 d late

2020

31 d late

2019

92 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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

Financials · fiscal year 2024, micro schema

Turnover

€149k

EBIT margin

36.9%

Net result

€34k▲ 273%

2023 · €9k

2018: €5k 2019: €47k 2020: €2k 2021: €17k 2022: €4k 2023: €9k

2018 → 2024

Working capital

€94k▲ 68.9%

2023 · €56k

2018: €10k 2019: €40k 2020: €31k 2021: €32k 2022: €44k 2023: €56k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€46k-€45k▼ 2.1%€55k▲ 22.3%€64k▲ 16.7%€98k▲ 53.4%

Operating result€5k-€21k▲ 352%€8k▼ 62.3%€13k▲ 61.8%€52k▲ 306%

Net result€2k-€17k▲ 824%€4k▼ 78.9%€9k▲ 150%€34k▲ 273%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 306% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €137k

98.2%

Fixed assets €2k ▼ 65.5%

Current assets €135k ▲ 93.6%

Equity and liabilities €138k

70.8%

29.2%

Equity €98k ▲ 53.4%

Debt €40k ▲ 188%

Debt's share of the balance-sheet total rises from 18.0% to 29.2%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€57k▲

2023 · €18k

Cash flow

€39k▲

2023 · €14k

Current ratio

3.36▼

2023 · 5.12

Debt to equity

0.41▲

2023 · 0.22

ROE

34.8%▲

2023 · 14.3%

ROA

24.7%▲

2023 · 11.7%

Interest coverage

88.23▲

2023 · 17.50

Debt ≤ 1 year

€40k▲

2023 · €14k

Income taxes

€18k▲

2023 · €3k

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 · 2024 against 2023 · 50 lines

Balance sheet Code20232024

Assets

Total assets20/58€78k€138k▲

Formation expenses20€1k€894▼

Fixed assets21/28€7k€2k▼

Tangible fixed assets22/27€7k€2k▼

Plant, machinery and equipment23€562€224▼

Furniture and vehicles24€6k€2k▼

Current assets29/58€69k€135k▲

Amounts receivable within one year40/41€21k€49k▲

Trade receivables40€13k€41k▲

Other amounts receivable41€8k€8k▼

Cash at bank and in hand54/58€48k€85k▲

Deferred charges and accrued income490/1€286€244▼

Equity and liabilities

Total equity and liabilities10/49€78k€138k▲

Equity10/15€64k€98k▲

Contributions10/11€19k€19k=

Reserves13-€34k

Distributable reserves133-€34k

Profit (loss) carried forward14€45k€45k=

Amounts payable17/49€14k€40k▲

Amounts payable after more than one year17€412-

Financial debts170/4€412-

Amounts payable within one year42/48€14k€40k▲

Current portion of amounts payable after more than one year42€2k-

Financial debts43€2k-

Other loans439€2k-

Trade debts44€6k€25k▲

Suppliers440/4€6k€25k▲

Advances received on contracts in progress46-€6k

Taxes, remuneration and social security45€3k€8k▲

Taxes450/3€3k€8k▲

Other amounts payable47/48€667€667=

Accrued charges and deferred income492/3-€122

Income statement Code20232024

Remuneration, social security and pensions62€924-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼

Other operating charges640/8€442€246▼

Non-recurring operating charges66A-€116

Gross operating margin9900€19k€57k▲

Operating profit (loss)9901€13k€52k▲

Financial income75/76B€67€107▲

Recurring financial income75€67€107▲

Financial charges65/66B€1k€646▼

Recurring financial charges65€1k€646▼

Profit (loss) for the period before taxes9903€12k€52k▲

Income taxes67/77€3k€18k▲

Profit (loss) for the period9904€9k€34k▲

Profit (loss) for the period to be appropriated9905€9k€34k▲

Appropriation of the result

Profit (loss) to be appropriated9906€45k€79k▲

Profit (loss) brought forward from the previous period14P€36k€45k▲

Transfer to equity691/2-€34k

To other reserves6921-€34k

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 3Filings 7

2025

31-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

31-12

Financial Liquidity doublescurrent ratio 5.12

Current ratio from 2.38 to 5.12; short-term debt falls from €32k to €14k.

30-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 30 days late

2022

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

2020

31-12

Financial Weakest financial yearnet €2k ▼96%

Net result drops to €2k, the lowest in the series; recovery starts the following year.

31-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 92 days late

2019

31-12

Financial Highest result since 2018net €47k ▲768%

Operating result €55k, net result €47k, both a record.

31-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Anderlecht · 1 establishment unit since 2018

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Scheutlaan 521070 Anderlecht

Ground area

132 m²

Building footprint

132 m²

Volume, LiDAR

1,029 m³

Parcel 21302A0519/00C005, Brussels · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

House-Elec

Scheutlaan 52, 1070 AnderlechtRepair and maintenance of electrical equipment

since 20182.274.745.911

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21302A0519/00C005	Brussels	132 m²	1 · 132 m²	11.3 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

SECUR LIFE PROTECT

BE 0457.599.082

Chièvres · Eq €97,618

SEYNAEVE PIETER

BE 0811.648.686

Kortrijk · Eq €97,711

Anderlecht · Eq €97,548

Elektriciteitswerken Toffee

BE 1000.337.442

Genk · Eq €97,775

Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,811 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded26-02-2018

Fiscal year end31-12

Activities, NACEBEL 2025

43211General electrical installation work

Sources

Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.