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Industrial Cables Works

Active
Private limited companyfounded 2024active for 2 yearsBehaegelstraat 2, 8750 Wingene, BelgiumKBO/BCE: BE 1014.833.103
Summary

The computed 12-month bankruptcy probability of Industrial Cables Works is 14.2% (high). The 2024 annual accounts show equity of €1,615 and a net result of -€3,385. Its solvency ranks better than 11% of 1,318 sector peers (NACE 42, financial year 2024). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags).

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Industrial Cables WorksActiveChecked score 26/100
Risk analysis ReportCompare

Overview

Activity
Construction of utility projects for electricity and telecommunications
NACE 42220General electrical installation work NACE 43211
1 site
Size
≈ €110,000turnover 2024, estimated
Staff
4 FTE
Equity
€1,615
Loss
-€3,385
Turnover estimated from the gross margin
Financial health
26 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
14.2%
Structure
2024 accounts on time
Why 26raises risk1 change of registered office in 24 monthsEx-officio strike-off in the KBOFigures for financial year 2024 (filed 31-07-2025)lowers riskSize: total assets €30,907Show the evidence

Checked score

Score 2024
26 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 9% of its sector peers (NACE 42, micro)
Every signal that counts is listed under Signals.
Financial strength
Weak
Solvency 30
equity 5.2% of total assets
Liquidity 1
short-term debt 94.8% · cash 0.7%
Profitability 5
return on assets -11.0%
Bankruptcy probability, 12 months
14.2% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (1,868 companies, NACE 42, micro)
Last 24 months 11-2025: 1.8%lowest value 12-2025: 1.8%● unchanged vs 11-2025lowest value 01-2026: 1.8%● unchanged vs 12-2025 02-2026: 4.0%▲ +2.2 percentage points vs 01-2026 03-2026: 4.1%▲ +0.1 percentage points vs 02-2026 04-2026: 8.0%▲ +3.9 percentage points vs 03-2026 05-2026: 8.9%▲ +0.9 percentage points vs 04-2026 06-2026: 9.2%▲ +0.3 percentage points vs 05-2026 07-2026: 9.3%▲ +0.1 percentage points vs 06-2026 08-2026: 9.8%▲ +0.5 percentage points vs 07-2026 09-2026: 9.9%▲ +0.1 percentage points vs 08-2026 10-2026: 14.2%▲ +4.3 percentage points vs 09-2026highest value
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.0, below the usual 1.5; short-term debt: 94.8% and cash: 0.7% of total assets), and 94.8% of the assets are financed with debt and provisions.
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 42, micro): better than 12% on solvency, 2% on liquidity and 11% on profitability.

The bankruptcy probability was computed on 27-10-2026 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

Eight signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Ex-officio strike-off in the KBO
KBO publications
raises risk · Figures for financial year 2024 (filed 31-07-2025)
NBB · annual accounts
lowers risk · Size: total assets €30,907
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 1318 sector peers (2024).
NBB · sector comparison
Position among 1318 sector peers
Solvency
better than 11%
← weakest strongest →
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 years
neutral · 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 · 1 filing
Deviation from the deadline
2024
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts on the deadline day; the sector median (NACE 42) for financial year 2024 is 2 days before the deadline, and 41% of those companies filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck
  1. Registered officeRegistered-office move
  2. Address struckevent 27-11-2025
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Caution: Among the weakest 11% on equitysector median €54,319 · 1,318 companies €1,615 View
  • One director decidessole director in office 1 View
  • Total assets 2024first financial year filed €30,907 View

By topic

Financials

Financial year
2024
Total assets
€30,907
Loss
-€3,385
Solvency
5.2%
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
Construction of utility projects for electricity and telecommunicationsNACE 42220
Founded
08-10-2024
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
31
Annual meeting
Last Friday of June at 14:00
Purpose
“Het ontwerpen,aannemen,uitvoeren,doen uitvoeren en exploiteren van…” (deed in Dutch)
Go to Articles of association

Key facts about Industrial Cables Works

What is the company number of Industrial Cables Works?
1014.833.103. In Belgium the VAT number is the company number with BE in front: BE 1014.833.103.
Where is Industrial Cables Works based?
The registered office is at Behaegelstraat 2, 8750 Wingene.Company details
What does Industrial Cables Works do?
According to the KBO register, the main activity is construction of utility projects for electricity and telecommunications (NACE 42220).
What is the legal form of Industrial Cables Works?
Private limited company (BV).
When was Industrial Cables Works founded?
On 08-10-2024.
Is Industrial Cables Works still active?
Yes, Industrial Cables Works is an active enterprise in the KBO register.
How many employees does Industrial Cables Works have?
On average 4 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of Industrial Cables Works?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Industrial Cables Works profitable?
In financial year 2024, Industrial Cables Works made a loss of €3,385.
Where can I find the annual accounts of Industrial Cables Works?
Industrial Cables Works filed 1 annual account with the National Bank of Belgium, for financial year 2024.

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