IDEELEC
ActiveSummary
The computed 12-month bankruptcy probability of IDEELEC is 2.8% (moderate). The 2024 annual accounts show equity of €532,256 and a net result of €85,145. Equity is growing by ~51.4% per year across the filed fiscal years. Its solvency ranks better than 67% of 7454 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability80▼-3
Solvency83▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 3.5 against 4.46 in 2023; short-term debt: 11% and cash: 14.9% of total assets), and 42.2% of the assets are financed with debt.
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Signals
Four 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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 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
49 d late
2023
29 d late
2022
38 d late
2021
27 d late
2020
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 28 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 (1)
History
Go further with this company
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Financials · fiscal year 2024, abbreviated schema
Equity
€532,256▼ 11.1%
2023 · €598,911
Total assets
€920,598▼ 11.8%
2023 · €1.0m
Net result
€85,145▼ 27.9%
2023 · €118,174
Working capital
€252,676▼ 19.0%
2023 · €311,875
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€154,045-€143,373▼ 6.9%€307,593▲ 115%€157,956▼ 48.6%€75,336▼ 52.3%
Net result€116,678-€114,747▼ 1.7%€243,313▲ 112%€118,174▼ 51.4%€85,145▼ 27.9%
Equity€122,678-€237,424▲ 93.5%€480,737▲ 102%€598,911▲ 24.6%€532,256▼ 11.1%
Total assets€623,798-€724,382▲ 16.1%€1.0m▲ 41.8%€1.0m▲ 1.6%€920,598▼ 11.8%
Debt€501,120-€486,958▼ 2.8%€546,653▲ 12.3%€444,752▼ 18.6%€388,343▼ 12.7%
Working capital€47,751-€131,630▲ 176%€175,640▲ 33.4%€311,875▲ 77.6%€252,676▼ 19.0%
Staff (FTE)3-4.6▲ 53.3%3.5▼ 23.9%3.7▲ 5.7%4.2▲ 13.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 52% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €920,598
Fixed assets
€566,855 ▼ 11.7%
Current assets
€353,743 ▼ 12.0%
Equity and liabilities €920,598
Equity
€532,256 ▼ 11.1%
Debt
€388,343 ▼ 12.7%
Debt's share of the balance-sheet total falls from 42.6% to 42.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€196,034▼
2023 · €271,894
Cash flow
€205,843▼
2023 · €232,112
Current ratio
3.50▼
2023 · 4.46
Quick ratio
3.43▼
2023 · 4.31
Debt to equity
0.73▼
2023 · 0.74
ROE
16.0%▼
2023 · 19.7%
ROA
9.2%▼
2023 · 11.3%
Interest coverage
24.34▼
2023 · 32.55
Debt ≤ 1 year
€101,068▲
2023 · €90,103
Debt > 1 year
€287,275▼
2023 · €347,464
Income taxes
€24,399▼
2023 · €35,718
Staff costs
€184,794▲
2023 · €159,972
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 26,964 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €136,157 | €137,114 | €159,972 | €184,794 | ▲ 15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,716 | €44,691 | €70,089 | €113,938 | €120,698 | ▲ 5.9% |
| Other operating charges640/8 | - | €2,903 | €3,825 | €3,926 | €3,559 | ▼ 9.4% |
| Non-recurring operating charges66A | - | €14,033 | - | - | €49,024 | - |
| Gross operating margin9900 | €293,640 | €341,157 | €518,621 | €435,792 | €433,411 | ▼ 0.5% |
| Operating profit (loss)9901 | €154,045 | €143,373 | €307,593 | €157,956 | €75,336 | ▼ 52.3% |
| Financial income75/76B | - | €13,636 | €1,941 | €7,558 | €42,263 | ▲ 459% |
| Recurring financial income75 | €19 | €1,636 | €1,941 | €1,558 | €763 | ▼ 51.0% |
| Non-recurring financial income76B | - | €12,000 | - | €6,000 | €41,500 | ▲ 592% |
| Financial charges65/66B | - | €7,905 | €5,540 | €11,621 | €8,055 | ▼ 30.7% |
| Recurring financial charges65 | €4,765 | €6,705 | €5,540 | €8,353 | €8,055 | ▼ 3.6% |
| Non-recurring financial charges66B | - | €1,200 | - | €3,269 | - | - |
| Profit (loss) for the period before taxes9903 | €149,298 | €149,103 | €303,994 | €153,893 | €109,544 | ▼ 28.8% |
| Income taxes67/77 | €32,621 | €34,357 | €60,681 | €35,718 | €24,399 | ▼ 31.7% |
| Profit (loss) for the period9904 | €116,678 | €114,747 | €243,313 | €118,174 | €85,145 | ▼ 27.9% |
| Profit (loss) for the period to be appropriated9905 | €116,678 | €114,747 | €243,313 | €118,174 | €85,145 | ▼ 27.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €623,798 | €724,382 | €1.0m | €1.0m | €920,598 | ▼ 11.8% |
| Fixed assets21/28 | €394,330 | €486,057 | €635,778 | €641,685 | €566,855 | ▼ 11.7% |
| Tangible fixed assets22/27 | €394,330 | €486,057 | €635,778 | €641,685 | €566,855 | ▼ 11.7% |
| Land and buildings22 | - | €297,179 | €425,054 | €396,207 | €362,272 | ▼ 8.6% |
| Plant, machinery and equipment23 | - | €5,416 | €5,724 | €15,055 | €13,844 | ▼ 8.0% |
| Furniture and vehicles24 | - | €183,461 | €204,999 | €230,423 | €190,739 | ▼ 17.2% |
| Current assets29/58 | €229,468 | €238,326 | €391,612 | €401,978 | €353,743 | ▼ 12.0% |
| Stocks and contracts in progress3 | €43,708 | €11,773 | €11,974 | €13,812 | €7,127 | ▼ 48.4% |
| Stocks30/36 | - | €11,773 | €11,974 | €13,812 | €7,127 | ▼ 48.4% |
| Amounts receivable within one year40/41 | €105,080 | €111,030 | €228,659 | €179,592 | €209,650 | ▲ 16.7% |
| Trade receivables40 | - | €90,318 | €190,444 | €129,811 | €154,901 | ▲ 19.3% |
| Other amounts receivable41 | - | €20,712 | €38,215 | €49,781 | €54,749 | ▲ 10.0% |
| Cash at bank and in hand54/58 | €73,319 | €102,385 | €142,614 | €205,751 | €136,966 | ▼ 33.4% |
| Deferred charges and accrued income490/1 | - | €13,138 | €8,364 | €2,824 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €623,798 | €724,382 | €1.0m | €1.0m | €920,598 | ▼ 11.8% |
| Equity10/15 | €122,678 | €237,424 | €480,737 | €598,911 | €532,256 | ▼ 11.1% |
| Contributions10/11 | - | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | €116,678 | €231,424 | €474,737 | €592,911 | €526,256 | ▼ 11.2% |
| Amounts payable17/49 | €501,120 | €486,958 | €546,653 | €444,752 | €388,343 | ▼ 12.7% |
| Amounts payable after more than one year17 | €304,356 | €368,439 | €326,838 | €347,464 | €287,275 | ▼ 17.3% |
| Financial debts170/4 | - | €368,439 | €326,838 | €347,464 | €287,275 | ▼ 17.3% |
| Amounts payable within one year42/48 | €181,717 | €106,696 | €215,972 | €90,103 | €101,068 | ▲ 12.2% |
| Current portion of amounts payable after more than one year42 | - | €50,709 | €51,192 | €59,960 | €60,189 | ▲ 0.4% |
| Trade debts44 | €95,226 | €30,017 | €121,329 | €30,142 | €28,062 | ▼ 6.9% |
| Suppliers440/4 | - | €30,017 | €121,329 | €30,142 | €28,062 | ▼ 6.9% |
| Taxes, remuneration and social security45 | - | €14,357 | €30,681 | - | €742 | - |
| Taxes450/3 | - | €14,357 | €30,681 | - | €742 | - |
| Other amounts payable47/48 | - | €11,613 | €12,770 | - | €12,074 | - |
| Accrued charges and deferred income492/3 | - | €11,823 | €3,843 | €7,186 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €116,678 | €114,747 | €243,313 | €118,174 | €85,145 | ▼ 27.9% |
| + Depreciation and write-downs630 | €52,716 | €44,691 | €70,089 | €113,938 | €120,698 | ▲ 5.9% |
| Operating cash flow (approximation) | €169,394 | €159,438 | €313,402 | €232,112 | €205,843 | ▼ 11.3% |
| Investment in fixed assets (approximation) | - | -€136,418 | -€219,811 | -€119,845 | -€45,868 | ▲ 61.7% |
| Change in cash | - | €29,066 | €40,229 | €63,136 | -€68,785 | ▼ 209% |
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
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 49 days late
2024
31-12
Financial
Weakest financial yearnet €85,145 ▼27.9%
Net result drops to €85,145, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 4.46
Current ratio from 1.81 to 4.46; short-term debt falls from €215,972 to €90,103.
31-12
Financial
Equity above €500,000Eq €598,911 ▲24.6%
4 profitable years in a row build equity to €598,911.
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 38 days late
2022
31-12
Financial
Highest result since 2020net €243,313 ▲112%
Operating result €307,593, net result €243,313, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 27 days late
2021
31-12
Financial
Equity above €200,000Eq €237,424 ▲93.5%
2 profitable years in a row build equity to €237,424.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tongeren-Borgloon · 2 establishment units since 2019
Ground area
1,718 m²
Building footprint
782 m²
Volume, LiDAR
3,551 m³
2 parcels, Flanders · tallest building 7.1 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
IDEELEC
since 20192.297.258.225
Ideelec
since 20202.302.808.209
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73026B0202/00M002 | Flanders | 1,025 m² | 1 · 196 m² | 6.3 m · 1 fl. |
| 73032G0524/00X003 | Flanders | 693 m² | 1 · 587 m² | 7.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 2,012 EUR awarded · 2,012 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 1 | 363 EUR | 698 EUR |
| 2022 | 1 | 649 EUR | 314 EUR |
Recognitions · licences · registrations
Recognised contractor
2 categoriesIDEELEC BV45638
Dual-learning approval
2 live approvalsElektrotechnicus (vwo)
Elektrotechnicus duaal (so)
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 6,322 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
Founded22-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0737960459
Also
9925:BE0737960459
Registered
26-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.